Public Company News

Connected IO expands customer base for “internet of things” devices

Connected IO has secured a AUD$270,000 purchase order for its wireless "internet of things" devices from a US security firm. The latest order further bolsters its customer base that includes Coca-Cola, US telcos Verizon and AT&T, Vodafone, The Red Cross, Cisco, and some US Police departments. The company recently posted 126% revenue growth for the December quarter. 

Weebit makes breakthrough with game changing memory tech

Technology company Weebit-Nano continues to make big strides in the development of its game changing "Re-Ram" memory storage technology with the announcement of successful electrical testing.  Weebit believes Re-RAM has the capacity to revolutionise memory storage due it being faster, cheaper and requiring less energy than current flash storage methods.

Blackham’s plans to double production boosted by latest drill results

Blackham Resources are off to a flying start with their latest round of drilling at the Wiluna gold project, boosting confidence in the potential to expand their production outlook from 100,000 ounces a year to 200,000 ounces a year. The latest drilling has confirmed significant new mineralized zones. 

Lithium Australia ups stake in Mexican Lithium clay project.

Lithium Australia have lifted their stake in the Electra Lithium clay project in Mexico to 49% as they kick off a major drilling campaign. The Electra project is on the southern boundary of a giant Lithium clays project that has already signed a major off-take agreement with revered electric car manufacturer Tesla. 

Lithium Australia graphite spin-off heads to Madagascar

Lithium Australia's graphite spin-off, BlackEarth Minerals, is shaping up for an impressive ASX debut after the addition of a couple of highly prospective exploration projects in Madagascar. The new properties add to a bulging portfolio of graphite projects in Australia with the company set to float on the ASX before the end of June.

Northern Minerals tap investors with $10m placement above market

Northern Minerals will raise another $10m for their Browns Range heavy rare earths pilot project in a fully underwritten equity placement. It is the second time the George Bauk-led company has raised funds at above-market levels, highlighting the strong level of investor interest in Australia's first heavy rare earths project.

MGC Pharma raises $10m to fast-track medical cannabis development

Medicinal cannabis player MGC Pharma has easily raised $10 million as it looks to fast-track acquisitions and accelerate development of its cannabis-derived products. MGC will use the funds to ramp up its medical R&D program and expand sales of its cosmetics and dermatological cannabis-derived lines with the latter to fund the former.

Neometals JV banks cash from 2nd Lithium shipment

The Mt Marion Lithium mine has proved it is settling into production with the second shipment of concentrates setting sail for China this week. Neometals and their partners in the project also reported that a third, larger shipment is due to leave Kwinana in early April, which represents a further increase in the pace of production.

Terrain kicks off another drill program with hopes of Fraser Range discovery

Terrain Minerals have picked up the pace with start of another drill program, this time at the Gimlet gold and nickel-copper project in the Fraser Range. The Perth-based junior has been very active and successful in the field since a capital raising in the December quarter and now has Gimlet and the flagship Great Western project generating some excitement for shareholders.

Auroch takes up option in Namibia after 2.73% Lithium Oxide result

After encouraging results from early exploration, Auroch Minerals have exercised their option on highly prospective Lithium ground in Namibia and will hit the ground running later this month. Early grab samples have returned up to 2.73% Lithium Oxide, a result that would have most Australian explorers sitting up and paying attention. 

Lithium Australia slams claims by takeover target Lepidico

Lithium Australia have slammed as 'false" and "misleading,' statements about their Sileach Lithium processing technology by takeover target Lepidico. Just weeks after winning a bruising settlement against Lepidico, Lithium Australia have brought back the lawyers. They are seeking to debunk Lepdico's purported claims that Sileach uses harmful hydrofluoric acid.

Sky and Space Global signs MOU with leading South American telco

Sky and Space Global continues to forge ahead with its narrow-band communications network based on nano-satellites with the Perth company signing an MOU with a leading South American telco. The parties will undertake a joint demonstration of Sky and Space's first three miniature satellites after they have been launched into space in the second quarter of this year. 


Runners of the week

Company NameOpenPeak
New Standard Energy0.00400.0100
LWP Technologies0.00100.0020
Zyber Holdings0.00800.0140
Image Resources0.06000.1000
Redstone Resources0.01800.0290
JCI International Group0.48000.7700
Target Energy0.00200.0030

Share Price

Closing price for the last 90 trading days
Source: Morningstar

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