Public Company News

LWP Technologies lodge second US patent for oil and gas ‘proppant’

LWP Technologies has moved to safeguard its game changing fly-ash-based proppant technology for oil and gas producers by lodging a second patent in the US. Proppants are often the single largest cost item in the fracking of an oil and gas well. They lodge in the tiny fractures created during the operation in order to keep the fracture open to facilitate the flow of oil and gas. 

Legend begins 50-hole drill program in Nova-Bollinger territory

Legend Mining's search for another Nova-Bollinger style deposit in the Fraser Range has entered a new stage with the start of a 50-hole aircore drilling program. The wide-spaced program will add to results from a technologically advanced round of electromagnetic surveys and help define targets for the next stage of diamond drilling.

Connected IO locks in order from US electronics giant

ASX listed Connected IO continues to forge ahead in the multi-trillion dollar internet of things sector, securing a purchase order from US electronics giant Arrow Electronics for its cutting-edge wireless modem devices.  The order will see the company's products available through Arrow's 465 offices across 90 countries.

Lithium Australia on hunt for new Lithium provinces in WA and QLD

Lithium Australia's unquenchable appetite for Lithium feedstock is taking it into two virgin areas with hopes of opening up entirely new Lithium provinces.  The company has acquired tenements in WA's Gascoyne region along strike from the Nardoo pegmatite district and permits inland from Cairns where there is no history of Lithium exploration but plenty of exciting indicators exist.

Resume verification booming as CVCheck posts 38% revenue hike

ASX listed Online screening and verification company CVCheck has posted record revenue for the fiscal third quarter driven by sustained user growth and a continued surge in corporate customers. The company expects the strong run of revenue growth to continue in Q4 FY17 and is predicting to be at breakeven by year end.

Pilgangoora shows its class with exceptional bulk sample grades

Pilbara Minerals' giant Pilgangoora Lithium deposit just keeps getting better, with 10 tonnes of bulk samples from the Central pit area returning an average grade of more than 2% Lithium. The news of exceptional in-situ grades comes as Pilbara finalises a direct shipping offtake agreement and a mining proposal for a 2Mtpa development.

New model leads Blackham to high grades at Golden Age

Blackham Resources have identified two new high-grade zones at the Golden Age mine at the Matilda Gold project, with intercepts ranging up to 118 g/t gold. The discoveries are set to provide a welcome boost to the underground mine plan and follow a return to full open pit operations after delays caused by unseasonal wet weather.

Northern Minerals board approves $56m rare earths mine in W.A

Northern Minerals will build Australia's first heavy rare earths mine at Browns Range in WA after board approval this week for the $56 million development. The mine will be a pilot project operating at about 10% of the scale of a proposed full scale development and will focus on production of "Dysprosium", a key component of permanent magnets used in large electric motors.

Auroch banks another $1.3m from Mozambique sale

Auroch Minerals have boosted their cash balance to $8m after banking another $1.3m in delayed funds from the sale of their Mozambique project to Xtract Resources last year. With only 85m shares on issue and a burgeoning bank balance, Auroch are something of a rarity in the small cap exploration space. 

MGC produces first medical marijuana extracts

Whilst many other medical marijuana hopefuls are still talking up their opportunities in the industry, Perth listed MGC Pharmaceuticals have produced their first cannabinoid extracts at the company's brand new European extraction facility. The milestone means MGC remains on track for commercial production to commence in the third quarter of this year.

Lithium Australia delivers expert counter-punch in battle for Lepidico

Lithium Australia have hit back at takeover target Lepidico with a new expert report that raises concerns about the independent expert report prepared as part of Lepidico's defence. The new report by Leadenhall Corporate Advisory is critical of the methodology used by Lepidico's independent expert and concluded that the report should have found the bid was fair and reasonable.

Neometals look to Lithium downstream opportunities with $184m pile of cash

The extraordinary deal-making skills of Neometals have been put to work once again to secure a $125 million buyout of the company's 13.8% stake in the Mt Marion Lithium project. The remarkable end to Neometals' involvement in Mt Marion means the project will have generated a staggering $213 million for the company from a total investment of just $3 million.


Runners of the week

Company NameOpenPeak
Segue Resources0.00200.0750
Blina Minerals0.00100.0020
LWP Technologies0.00100.0020
Norwood Systems0.01500.0220
Red 50.03200.0450
Artemis Resources0.09000.1250
Wolf Petroleum0.03500.0480
Ishine International Resources0.01400.0190

Share Price

Closing price for the last 90 trading days
Source: Morningstar

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