One of Australia’s few potential cobalt producers from sulphide-based deposits, where cobalt production is underpinned by copper and gold.
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Results from the pre-feasibility study are expected next month.
Metallurgical testing of a Gapyeong bulk composite has produced high-purity concentrate results of 95.4% total graphitic carbon.
Potential customers will be able to test the cathode powder products from September.
The changes will result in less potential equity dilution for existing shareholders.
Cobalt, nickel and copper have been recovered at saleable levels in tests on a sulphide concentrate.
Thalanga Far West has a JORC reserve of 1.5 million tonnes at 12% zinc equivalent.
The company has received firm commitments to raise funds in an oversubscribed placement at 27 cents per share.
Latest assays include 62 metres grading 5.26 g/t gold from 3 metres depth at SK2.
The company's flagship asset is the 100% owned Authier lithium project in Quebec, Canada.
A reverse circulation drill rig has been modified to progress resource drilling in the Theta Hill area.
An aircore program of up to 25,000 metres will begin in early June at the Yandal East project.
The company's shares are trading about 7% higher intra-day, at 1.5 cents.
Mineralisation has been extended at least 250 metres along strike and is continuous to depths of at least 270 metres.
Last week a feasibility study valued the Ammaroo Phosphate Project at $344 million.
The restructure unlocks the potential for greater near-term value for shareholders.
Drilling continues to hit nickel-copper sulphides across the 4.5-kilometre strike of the Cathedrals Belt.
The Ubeong project has potential to be a bonus to the primary strategy of pursuing an integrated graphite strategy in South Korea.
The company owns the Ovoot Coking Coal Project, Mongolia's second largest coking coal reserve.
The Medcalf prospect adds to potential of the company’s Lake Johnson Lithium Project in the Yilgarn Block.
The new deal covers close to 40% of Centrex’s proposed output from the project.
The new licences are near Cobalt Blue Holdings’ Thackaringa Cobalt Project.
Work is progressing refurbishing the Rietfontein underground gold mine within the TGME project.
Three company directors have this week purchased shares with a total value of almost $54,000.
Orion is progressing towards a production decision at the Prieska mine in South Africa.