Public Company News

Lithium Australia juggling multiple balls

ASX listed Lithium Australia have multiple balls in the air right now. The company recently announced potentially resource grade sampling at their Mexican Lithium play, the awarding of an engineering design contract for their game changing Sileach Lithium process and a priority share entitlement in the exciting upcoming Lithium float of Canadian partner Metals Tech.

The great “unbanked,” the next big thing for tech firms

It’s hard to believe but there are still millions of people in the world that are technically termed “unbanked”, which means they still do not operate a bank account. They earn their wages in cash and pay their bills in cash but all that could change with Perth ASX listed company Peppermint Innovation's new App set to revolutionize the bill paying experience for the great unbanked.  

Blackham mulls super-pit at Wiluna after more great drill hits

Another round of great assay results has Blackham Resources thinking about digging a 1.9km-long super pit at Wiluna to carve out the riches left by previous explorers. Latest drilling by the new gold producer has found extensive mineralisation beyond the existing mine plan that could be accessed by a northern superpit and deeper digging at the existing East and West pits.

Cashed up Terrain starts drill program at Great Western with an eye on production

Terrain Minerals are a chance to make the leap from junior explorer to junior producer after an injection of new funds from shareholders and management which will fund an immediate drill program at the Great Western Gold project near Leonora. The 21-hole program is one of the last steps before a prefeasibility study on development of the almost 63,000 ounce resource.

Hammer produces maiden resource at Millennium in Qld

In a remarkable display of value adding, Hammer Metals this week released a maiden resource estimate for their copper-cobalt-gold Millennium deposit in Qld, just six months after buying it for $83,000. The ASX junior said Millennium was similar in size and style to other deposits in the area that had been successfully mined, which implied Millennium might already be economic.

Blackham makes $6m without producing gold

Blackham Resources have turned the gold price slump to their advantage by snapping up ounces at low spot prices and turning a quick $6.3m profit on their hedge book. The cash boost follows a string of good news at the recent AGM, where shareholders were told the Matilda mine would produce 25,000 ounces in the March 17 quarter and expansion studies were moving ahead.

Govt stumps up $300k to explore Sipa's Paterson project

Sipa Resources' exploration program in the Paterson district in W.A has been recognised by a grant of up to $300,000 from the State and Federal Governments and the CSIRO. The new funds will provide a boost to the company’s search for a major copper-gold deposit, and follows up some very encouraging results from the company’s maiden reconnaissance drill program in the area.

London Lithium fund takes a punt on Auroch Minerals

In what appears to be an endorsement of their latest strategy to secure five highly prospective Lithium leases in Namibia, Auroch Minerals have attracted the attention of Rare Earth Minerals, a London and New York listed fund that takes strategic interests in undervalued Lithium projects around the globe. Rare Earths have taken a $650k strategic placement in Auroch.

Gov approvals falling like dominoes for Australia's first heavy rare earths mine

Approvals to build Australia’s first heavy rare earths plant are falling like dominoes for Northern Minerals with the Department of Mines and Petroleum giving the green light for the company to develop their Browns Range rare earths project near Halls Creek. Whilst it will be a research and development play initially, there is every chance it will still make money for the company. 

Stargroup executes landmark acquisition deal

ATM machine operator Stargroup, has bolted $1.7m to its bottom line after executing a hotly-anticipated asset purchase agreement with high margin Australian ATM machine service provider Indue. The $6.5m debt funded deal appears to have been well negotiated by Stargroup at just 3.8 times EBITDA. Indue's ATM business shows a very high EBITDA to sales ratio of over 40%.

Medical Marijuana company achieves material revenue flow

Whilst most medical Marijuana companies are still trying to work out how to monetize their businesses, MGC Pharmaceuticals are busy locking down international distribution deals with real revenue flows for their unique, Cannabis based skin care line, MGC Derma. The company announced last week it had secured its first major sales order worth around AUD$65,000.

Sipa Resources hit 2.5% Nickel and 2.4% Copper in Uganda

Geological tell tale signs from the latest round of drilling at Sipa Resources’nickel copper play in Uganda indicate that the company might be getting close to the pay zone with their exploration program. The latest assay results from the Akelikongo project have extended the mineralized zone by 100m and suggest that the mineral system strengthens and thickens down plunge


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