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Shark Mitigation Systems hit US market with anti-shark tech

Shark Mitigation Systems’ cutting edge “Clever Buoy” shark detecting device will be trialled at a major beach in Southern California ahead of a possible $10 million rollout of the technology across the US state. Clever Buoy is one of the Perth-based company’s two innovative anti-shark solutions and is capable of detecting a shark and relaying its position back to lifeguards on the beach.

Connected IO march towards magical breakeven point

The goal of any new tech company is to get to breakeven quickly and then on to profitability. Internet of things upstart Connected IO may be only months away from positive cash flow after posting a record quarter. The company has been rapidly expanding its customer base with its disruptive, machine-to-machine communications and cellular connectivity devices as it blazes a trail in the multi trillion dollar sector

Sky & Space in talks with strategic investors for sat comms network

ASX listed Sky and Space Global is being courted by major satellite and telco industry players as the company pushes ahead with its game-changing telecommunications network based on nano-satellites. Sky and Space is the first company in history to facilitate a voice call using nano-satellites and wants to roll out up to 200 of the miniature orbital devices by 2020.

Hammer set to launch drilling blitz in QLD

Hammer Metals are set to launch their biggest drill program this year, with more than 3000 metres of RC drilling planned to test a number of the company’s best prospects in the Mt Isa district. Drill activity will be focused on the emerging Kalman West and Hammertime prospects, which are adjacent to Hammer’s flagship Kalman deposit.

PharmAust hits milestone in anti-cancer drug reformulation

ASX listed biotech Company PharmAust has made significant progress in reformulating its promising anti-cancer drug Monepantel to improve its taste and deliver increased dosages of the substance in each pill. Monepantel has already shown pleasing results in initial clinical trials as a cancer treatment in humans and canines, with further tests of the drug planned for 2018.

Australia’s first heavy rare earths project racing ahead

Northern Minerals’ heavy rare earths project at Browns Range in the East Kimberley is rapidly taking shape, with construction of the process plant in China well advanced and the first modules headed for the site within weeks. Meanwhile, 50% of the ore has already been stockpiled as part of a fast-track development schedule that will see maiden shipments in the first half of 2018.

Calidus strikes JV with Canada’s Novo Resources

Calidus Resources have wrapped up control of the highly prospective greenstone belt at their flagship Warrawoona project under an innovative joint venture with neighbouring explorer Novo Resources. The deal will see Calidus earn up to 70% of the rights to any gold discovered in the basement rocks on Novo's tenements and provides a consolidation opportunity for Calidus that has eluded previous operators.

New “internet of things” order for Connected IO

ASX listed Connected IO has secured yet another large purchase order for its cutting-edge next-gen modem like devices that allow everyday “things” and machines to be connected via the internet. The $348,000 purchase order came from California-based Premier Wireless after yet another referral from US Telco giant and Connected IO collaborator Verizon.

Auroch to test Cobalt theory at old copper mine

There aren’t many exploration projects where you can count on thick intercepts of mineralised sulphides, but Auroch Minerals probably can as it begins drilling for Cobalt, Gold and Copper and the historic Tisova Mine in the Czech Republic. Auroch have kicked off a four-hole diamond drill program at Tisova where waste dump grab samples provided some startling Cobalt and Copper assay grades.

Lithium Australia in perfect pairing with Poseidon

Poseidon Nickel has given Lithium Australia access to a major processing plant at Lake Johnston and accelerated its push into Lithium processing with Lithium Australia's breakthrough Sileach technology. Under an MOU signed this week, the companies will look to jointly explore their tenements and evaluate processing opportunities using technology belonging to both companies.

Calima oil & gas holdings in Montney jump 27%

Newly listed Calima Energy has boosted its acreage in the liquids-rich Montney oil and gas basin in Canada by 27% or 13,700 acres, establishing it is a significant new player in one of Canada’s hottest oil and gas regions. The additional acreage is immediately adjacent to Calima’s existing ground and was the result of some fortuitous bidding at a recent Government auction.

Neometals lands first sale of mineral processing tech

The deal-making skill that helped make Neometals become the first of a new breed of Australian Lithium producers has come to the fore once again. The ASX-listed company has landed a Serbian steel mill as its first licensed customer for the company’s “Neomet” mineral processing technology. The agreement will see Neometals use the deal as a showcase for a planned rollout of the technology worldwide

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Runners of the week

Company NameOpenPeak
Anson Resources0.01400.0330
Longford Resources0.03100.0660
Kairos Minerals0.02200.0420
Jacka Resources0.00400.0070
European Cobalt0.11000.1700
Volt Resources0.01900.0290
Kabuni0.00400.0060
Meteoric Resources0.03400.0510
Pointerra0.03100.0460
Artemis Resources0.19000.2800

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Source: Morningstar

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