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AVZ gets $10.6M Chinese placement over the line

Chinese lithium giant Yibin Tianyi will take up a 9 per cent stake in AVZ Minerals by ploughing AUD$10.6M into a 4.5c a share placement. AVZ has also entered into an underwriting agreement to exercise listed options, potentially raising another AUD$5.3M after it tabled a stellar DFS on its giant Manono lithium project in the DRC.

Legend punches through massive nickel-copper sulphides in Fraser Range

Legend Mining’s Fraser Range play is getting a life of its own now with the company’s newest drill hole punching through another impressive zone of nickel-copper massive sulphides over a combined 13.5 metres, extending the emerging discovery at Mawson to nearly 400 metres in strike. Legend said the mineralisation is open to the south, northeast and east with further drill testing already underway.

Quantify smart devices to be installed in NDIS apartments

Quantify Technology will supply its smart home power-points, light switches and other smart devices via distributor, Fokused, for ten new apartments in Cannington within the Velocity development that is being built under the Australian Government’s National Disability Insurance Scheme. Fokused and the design company have chosen to fit several devices to the new apartments that will effectively automate each apartment.

Barton to breathe new life into Tarcoola mine

Private equity backed Barton Gold has emerged with WPG Resources’ South Australian assets after WPG fell over in 2018. They include the Challenger underground gold mine and plant, the Tarcoola Project containing the Perseverance open pit and the Tunkillia gold deposit. Barton says the Challenger underground mine, that was so central to WPG’s story, is not a current focus and the real prize is Tarcoola and Tunkillia.

Middle Island lays out strategy for Sandstone to ride again

Middle Island Resources continues to return outstanding results with the drill bit as it aggressively pursues a pathway to production at its Sandstone gold project in WA. The company’s extensive drilling program has uncovered three new discoveries in as many weeks and the Perth-based ASX-listed company has now laid out a strategy to fire up the old mothballed Sandstone plant.

Image locks down more near mine mineral sands horizons

ASX-listed mineral sands miner, Image Resources, is not resting on its laurels, having successfully commissioned its Boonanarring mine north of Perth in December 2018. The ASX-listed company has been systematically banking more ore horizons within a 10km radius on the mine with a view to underpinning and turbo-charging its longevity. 15,825 drill metres have now confirmed northerly and southerly extensions.

Alterra strikes deal to channel family office money into ag investments

ASX-listed agricultural investment and management company, Alterra, has placed a major piece of its strategic puzzle into place after the Perth-based company inked a deal with Sydney-based family office investment platform, CapRaise, to source capital for its ongoing agricultural projects from a pool of up to 114 family offices that CapRaise provides investment opportunities for.

AVZ looks to tin/tantalum credits to turbo-charge Manono economics

With an estimated A$600m a year in annual EBITDA, the economics at AVZ Minerals’ giant Manono lithium project in the DRC don’t need much turbo-charging, but that is exactly what the Perth-based, ASX-listed company is planning to do after it managed to produce separate, very high grade tin and tantalum concentrates in test work using traditional low cost processing equipment.

Middle Island makes third gold discovery at Sandstone

Middle Island Resources looks to be onto a third new gold discovery in as many weeks at its Sandstone gold project in Western Australia with the new “Old Town Well” deposit igniting interest following a phase one RC drilling program. The company is looking to translate good results from ongoing drilling into further resource expansions that will eventually support the recommissioning of its mothballed Sandstone mill.

New Aurora board slashes and burns $6m in recurrent costs

ASX-listed tech player, Aurora Labs’ new board has wasted no time in implementing a cost saving program that is set to reduce annual expenditures by a whopping $6M a year. The cuts, which also include a paring back of executive pays and a lower overall head count, will see monthly overheads at the Perth based 3D metal printing specialist cut by 65 per cent.

Australian Potash tags gold intercepts at Lake Wells in WA

Australian Potash has identified a large number of gold anomalies from a regional air core drilling program at its Lake Wells joint venture gold project located approximately 130km north-east of Laverton in WA. Drill intercepts of up to 6m at 0.327 grams per tonne gold have included anomalous levels of pathfinder elements often associated with gold mineralisation.

Norwest cashed up in preparation for Lockyer Deep test

Norwest Energy has A$3M cash in the bank to help it lock in a rig for the highly anticipated Lockyer Deep-1 exploration well that is only 15kms north of Strike Resources’ huge West Erregulla gas discovery. Norwest said it was working with the operator, Mineral Resources to secure a rig contract after locking in site access with the local landowner east of Dongara in WA.

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