Public Company News

More Cobalt hits for Auroch at Tisova

Auroch Minerals have hit more Cobalt with their third drill at the Tisova project in the Czech Republic, even before reaching the predicted target zone. The hole will be redrilled after hitting an historic void, with the fourth hole in the program to get underway in the meantime. The new Cobalt hits follow a big hit in the previous hole with visible Cobalt and Copper over a 130m interval.

Northern Minerals rare earths plant arrives from China

The processing plant for the Browns Range heavy rare earths mine in the East Kimberley has begun to arrive from China, keeping Northern Minerals on track for first production by mid-2018. Northern Minerals has also drawn down the first tranche of their innovative R&D financing facility for the 100%-owned W.A project, which is set to become the world’s first significant producer of Dysprosium outside of China.

Calidus locks in ownership of Pilbara gold project

Pilbara gold explorer Calidus Resources have cemented control of the Warrawoona gold project, exercising the right to acquire some key tenements. Calidus have also finalised a JV with Canada’s Novo Resources Corp after due diligence found a number of gold anomalies on Novo’s tenements and prospective new trends that had not been previously recognised.

Legend kicks off 5000m drill program at Fraser Range

Legend Mining's Rockford project is gathering investor interest with the company's stock jumping by 55% in the past month. Nickel's growing recognition as a key part of the electric vehicle boom, coupled with Legend's blue chip address, just down the road from the revered Nova-Bollinger deposit, is putting legend onto the radars of investors. The company has just kicked off a 5000m drill program.

Euroz sets Calima share price target at double

Calima Energy’s early entry into one of the largest resource plays in North America has earned it kudos from leading broker Euroz, who has initiated coverage on the oil and gas upstart with a share price target of almost double its current price . Euroz says that Calima have acquired most of their ground in the coveted Montney Basin at a fraction of the value implied by recent comparable acreage transactions.

Connected IO locks in order from electronics giant LG

Perth listed Connected IO has secured a purchase order from electronics giant LG for the "internet of things" tech tyro's cutting-edge wireless communications devices. The company says it received the initial order from electronics giant LG, flowing from its relationship with US telco Verizon, for 140 next-gen routers to assist LG with its North American wireless requirements.

Aquabotix shakes up underwater drone industry with new tech

ASX-listed Aquabotix has launched some new technology for their innovative range of underwater drones that enables its users to control the unmanned vehicles from anywhere in the world via the internet. The underwater robotics company says the game-changing tech also allows multiple users in different locations to operate the same vehicle remotely from everyday devices such as computers, phones and iPads.

MGC to supply marijuana products for epilepsy sufferers

Whilst most other medical marijuana companies are still trying to work out how to make money, ASX-listed MGC Pharmaceuticals are busy collecting purchase orders for their cannabis based products. The company has signed a binding heads of agreement with local pharmaceutical distributor, HL Pharma to distribute MGC's low cost, cannabis based epilepsy drug CannEpil in Australia.

PharmAust subsidiary Epichem named WA exporter of the year

ASX listed PharmAust’s wholly owned subsidiary Epichem has been named WA exporter of the year in recognition of the Perth-based company’s ongoing excellence in the medicinal chemistry field. Epichem also received the Health and Biotechnology gong at the prestigious West Australian business event and PharmAust are predicting further rapid growth at the subsidiary, forecasting revenues of $4 million for FY18.

Lithium Australia battery cathodes looking good

Lithium Australia’s plans for entering the high-value business of battery cathode materials with the acquisition of the Very Small Particle Company have been boosted by independent test results. A test lab in Germany found VSPC’s cathode material, which is used to make batteries for grid-scale electricity storage, performed even better than expected.

MGC blaze trail with $8m order for Marijuana products

ASX-listed MGC Pharmaceuticals has signed the first of three sale agreements with Korean cosmetics manufacturer Varm Cosmo as part of the Perth-listed company’s $40 million deal with the Asian skincare business. MGC says the initial $8 million order will be followed by two more orders in the coming weeks to complete the landmark cannabis supply agreement.

Lithium Australia in funding & off-take talks for SiLeach tech

Lithium Australia are on track to give the green light to a large scale, US$42m pilot plant for their SiLeach Lithium processing technology technology in Malaysia thanks to significant global interest in financing and offtake deals. The Perth-based technologist said off-take proceeds would be one of three principal sources of funding for the project, along with the company’s +$10m in cash reserves and future R&D rebates.


Runners of the week

Company NameOpenPeak
TV2U International0.00900.0280
Great Boulder Resources0.23000.7100
Venture Minerals0.02900.0780
King River Copper0.00800.0170

Share Price

Closing price for the last 90 trading days
Source: Morningstar

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