Matt Birney

K2fly has reinforced its emerging prominence in the resource’s software space with mining giant, Teck Resources, extending its annual “RCubed” software contract with K2Fly out to three-years. K2fly said it has now locked down total contract values of over $2 million from its RCubed software as a service, or “SaaS”, as clients sign onto three and five year terms. The latest numbers come only weeks after the ASX-listed company signed a five-year software contract with Rio Tinto.

Azumah Resources’ is weighing up funding options for its share of capital costs for the Wa gold project in Africa with an estimated $75 million in potential equity financing on the cards. Azumah has also appointed Peder Olsen to oversee the development of the Wa gold project. Olsen recently lead Endeavour Mining’s construction of the US$425m gold mine at Ity in Cote d’Ivoire.

Troy Resources has hit the ball out of the park with an amazing 17m drill intersection going nearly 5 ounces to the tonne gold in South America. Importantly, the smashingly good intersection was encountered just 37m down hole at the company’s Hicks 1 extension within the Karouni Gold project. As a final curtsy to the crowd, it also included a 4m section grading an eye-watering 623.17g/t gold.

TNG Ltd has made the final leap towards securing buyers for 100% of its entire forecasted production from its flagship Mount Peake, vanadium-titanium-iron project in the Northern Territory, after signing the final off-take term sheet with Indian mining conglomerate, Vimson Group, for the iron to be produced from Mt Peake. The last hurdle comes after the company announced just yesterday it had secured offtake agreements for 100% of its vanadium pentoxide products.

PharmAust has expanded its national network of participating veterinary and university institutions who will join the ASX-listed biotech’s anti-cancer crusade for dogs. With the pace of phase II clinical trials for its promising “Monepantel” anti-cancer treatment projected to rise, the company is looking to impact K9 – and possibly even human – cancers. Phase I trials were very positive, with a notable reduction in cancerous tumours and prolonged lifespans.

TNG Ltd has signed a binding agreement with major global commodity trader for the offtake of 40% of the vanadium pentoxide 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 Gunvor for its iron products.

Classic Minerals has hit the sweet spot with the drill rig at its Kat Gap project, near Southern Cross in WA, with high-grade intercepts such as 3m @ 20.70g/t gold from 39m downhole that includes a bonanza, 1m intersection, going well over an ounce to the tonne gold. As the drilling density increases across Kat Gap, the mineralisation could reach in-excess of 800m in strike.

Lithium Australia has joined forces with Chinese firm, DLG Group, forming a 50:50 incorporated joint venture to be known as Soluna Australia Pty Ltd. Soluna will sell lithium-ion battery and energy storage products as it seeks to disrupt the rapidly expanding Australian renewables energy market. Soluna will provide a platform to leverage off complementary technology and facilitate the provision of new battery materials and recycling solutions.

Solar window glass innovator, ClearVue Technologies, now looks set to break into the burgeoning European renewable energy market after meeting all of the requirements of two key International Electrotechnical Commission safety standards for its unique solar window glass technology. ClearVue’s solar PV IGU was given both IEC 61730 and IEC61215 certification by the international testing company TÜV SÜD, confirming the product’s electrical and safety credentials.