Public Company News

Calidus’ Warrawoona gold PFS to touchdown in July

Gold development company Calidus Resources has made substantial progress on its PFS for the flagship Warrawoona project in the eastern Pilbara region of WA, saying it on track to publish the study in July. Earlier this month, the company completed a placement of $2.16m at a premium to the market, which will provide it sufficient funding to complete the PFS in the nominated timeframe.

Novo snags key WA gold mining lease

Novo Resources is a step closer to mine production from its Pilbara gold assets in WA this week, with a key mining lease now granted for its emerging Beatons Creek project near Nullagine, WA. The rigorous tenement approval process was underpinned by the company’s impressive mineral resource estimate of just over 900,000 ounces, with 316,000 ounces sitting in the oxide zone, which Novo will attack first.

Strike resumes consistent gas production from Jaws-1

Strike Energy is another step closer towards booking a reserve at its potentially lucrative Jaws-1, super-deep coal seam gas well in the Cooper Basin, South Australia, after re-establishing consistent gas production. The flare stack has been ignited with reservoir pressure at 425psi whilst the continued flow of water at between 450 to 500+ barrels per day confirms the good productivity of the well.

Expert outlines five Bougainville targets for Kalia

Kalia Limited’s engagement of technical expert Dr Steve Garwin to overview its Mt Tore project on Bougainville Island has paid off, with five key porphyry copper-gold and epithermal gold targets delineated. Dr Garwin identified the geochemically “fertile” nature of the region’s rocks, with the underexplored area holding potential for world-class deposits of copper-gold in the highly endowed, desirable “Pacific Ring of Fire” location.

More wide lithium clay intercepts for Hawkstone in US

Hawkstone Mining has generated more wide, high-grade mineralisation in separate ore horizons from diamond drilling at the Northern Mineralised Zone of its Big Sandy lithium clay project in Arizona, US. New results include 47m @ 2,130 ppm lithium from 12m down-hole and the drilling campaign has now defined continuous, thick mineralised zones over more than 600m of strike at the emerging project.

Sky and Space firming up nano-satellite order

Sky and Space Global has signed a definitive agreement with Nasdaq-listed manufacturer GomSpace for up to 16 new nano-satellites to extend its IoT and M2M connectivity services over the entire globe. These nano-satellites will be delivered in two batches with the first batch of eight dispatched by the end of 2019, whilst the second optional batch could be delivered in the first half of 2020.

TNG secures titanium dioxide offtake for NT project

TNG Ltd has signed a binding agreement with Swiss global specialty chemical distributor DKSH for the offtake of all titanium dioxide products from its flagship Mount Peake vanadium-titanium-iron project in the NT. The company already has a binding offtake agreement with South Korea’s Woojin for at least 60% of the project’s vanadium output and a binding term sheet with major global commodity trader Gunvor for its iron products.

Northern to benefit from East Kimberley road project

The WA Government’s plan to carry out $51m in major road upgrades in the Eastern Kimberley region will directly benefit Northern Minerals’ Browns Creek heavy rare earths mine, by providing virtually year-round access to the project tenements from Halls Creek. This will also provide greater certainty for the company to ramp future production from Browns Creek, knowing the product can be transported from site on a regular basis.

Image mines stunning ultra high-grade ore near Perth

Image Resources’ Boonanarring heavy mineral sands project near Perth continues to deliver with a grab sample of an ultra-high grade zone that was identified and mined by the company returning 95% HM and 70% zircon content. About 500 tonnes of this ore has been stockpiled and work will be carried out to determine how far the zone extends into areas that have not been fully cleared of overburden.

More base metal anomalies for Legend in Fraser Range

Legend Mining’s aircore drilling program for its Area D prospect at the Rockford project in the Fraser Range of WA has given the company encouragement that it is zeroing in on a larger mineralised system. Recent assay results from drilling at the D4 and D5 conductors turned up strongly anomalous nickel, copper and cobalt results, as the company seeks to define a high-grade sulphide system in the area.

Sky and Space lines up more potential customers

Sky and Space Global has signed six new MoUs and two reseller agreements since deciding to expand its telco coverage over the globe rather than just equatorial regions of the world in April. Its reseller agreement covering the US, Canada, Mexico and the UAE with globally focussed internet of things engineering firm Penteon, is a formalisation of their MoU that was signed in October 2018.

Ex-banker leads finance push for Geopacific gold play

Geopacific Resources has appointed former Bank South Pacific Limited Group CEO Ian Clyne as its Chairman to drive financing arrangements for the company’s flagship Woodlark gold project in PNG. Last November, the company released a DFS supporting the project’s development, saying the project could generate $257m in free cash during the first five years of production and about 1 million gold ounces over 13 years.


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