Public Company News

Anti-cancer drug hopeful Pharmaust has moved to overcome a limitation discovered in its promising cancer drug known as Monepantel during recent phase 1 human trials. Juniper Pharmaceuticals have been appointed to reformulate the company’s Monepantel drug with the goal being to improve its taste and palatability.

Aggressive ASX listed ATM machine operator Stargroup has booked its 8th record quarter on the back of a 50% jump in ATM machine revenues. The company also expects to finish this quarter with its 9th record quarter in a row, as the full impact of their recent acquisition of rival ATM machine operator Cash Plus Australia kicks in.

PharmAust Limited has announced that its wholly-owned subsidiary Epichem Pty Ltd has been awarded a two-year extension to its current contract with Drugs for Neglected Diseases Initiative (DNDi)

In the famed Middle Cauca gold belt in Colombia, finding only a million ounces of gold wouldn’t be enough to even contemplate getting out of bed for each day. Perth based mining minnow Blina Minerals with a share price of just .1c has just secured a 63 HA exploration block exquisitely wedged between scores of multi-million ounce deposits in the region.

ASX listed Analytica have convinced the West Australian Government to provide tax payer funding for women suffering from incontinence to access their PeriCoach medical device. The Disability Services Commission, via Independence Australia, operate a subsidy scheme known as the West Australian Continence Management and Support Scheme in WA.

After receiving an intriguing set of numbers from its maiden drill campaign, Terrain Minerals have given effect to a very favourable deal that allows them to take control of the Rembrandt Gold Project near Menzies in WA for just $1. Recent drill results include 1m @ 80.4 g/t, 1m @ 20 g/t and 1m @ 18.85 g/t.

Hammer Metals with a market cap of just $5m have done a deal with one of the world’s largest miners, Newmont Mining in a $15m farm in deal for their Mt Isa prospects in Queensland. The joint venture is targeting an Ernest Henry style copper-gold deposit which boasts 220 million tonnes at 1.1% Cu and 0.5g/t Au.

Legend Mining’s strategy to identify another Nova-Bollinger style nickel deposit in the Fraser Range has passed its first hurdle with the discovery of multiple bedrock conductors at the company’s Rockford project. The Nova-Bollinger discovery, which also lies within the Fraser Range is situated on a similar tenor gravity ridge and the two projects are only about 120km apart.

Soon to be Lithium producer Neometals has added another string to its bow by signing a binding term sheet to secure the exclusive global rights to a proprietary hydrometallurgical technology.

Blackham Resources dream of restarting the old Wiluna Gold Mine looks to be real as the company yesterday drew down on a $7m debt facility from Orion Mine Finance to prepare for production. Importantly, the old mothballed Wiluna Gold plant already has a 1.3Mtpa plant, a gas power station, borefields and a 350 person accommodation village all of which will no doubt put the project on the fast track to production.

Terrain Minerals look to be on a winner with the Monet gold prospect within the Menzies based Rembrant project in WA just weeks after taking an option over it.

ASX listed ATM machine operator Stargroup, has officially doubled in size after completing a quality acquisition of a competitor’s 104 machine ATM network. The company says its annual revenues will more than double as a result of the acquisition from $2.4m to $5m and its annual transactions will move from around 1 million per year to 2 million per year. Importantly, Stargroup says it will now be cash flow positive as a result of the marriage with Cash Plus Australia Pty Ltd.