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New low cost Lithium Pilot Plant trial hailed a success

The owners of low grade, uneconomic Lithium deposits around the world might end up being in the money after all given ASX listed Lithium Australia’s announcement that their much talked about, low cost method of processing Lithium might actually work. The company told the ASX today that a pilot plant trial of their “Sileach” processing technology was a resounding success.

Medical marijuana company ready for revenue

MGC Pharmaceuticals says delivery of its Californian distribution deal for its cannabis-based skincare products is imminent.  In an operations update, the medical cannabis hopeful says it is ramping up cosmetics production at its Slovenian facility and is in advanced discussions on additional distribution agreements as it ramps up its international presence.

Stargroup to acquire 45 year old ATM switching and settlement business

Stargroup look set to add the missing link to their burgeoning Automatic Teller Machine business after signing an MOU to buy the ATM machine switching, settlement and processing assets of 45 year old company Indue Limited. The debt funded acquisition which will cost $6.5m, will drop another $1.7m to Starhgroup's growing bottom line.   

Sky and Space Global gains approval from UK Ministry of Defence for satellite radio frequency

Sky and Space Global has taken another step towards the launch of its innovative nano-satellite communications network, firming up its technical offering by gaining approval from the UK Ministry of Defence to use its UHF frequency. The company's share price recently jumped 44% in a singe day as the project looks more and more likely to come to fruition. 

Hammer copper-molybdenum grade in Mt Isa jumps by nearly 40%

Hammer Metals continues to shake up the Mt Isa exploration scene with a boost to its Kalman resource the latest in a run of exceptional news. The copper equivalent grade at Kalman has jumped from 1.3% to 1.8% following recent successful drilling and Hammer believes the deposit, which is open along strike and down plunge, still has more to offer.

Global tech magazine nominates Perth listed Weebit in top 60 hot start-ups

American global electronics magazine EE Times has added a company that was backdoor listed in Perth to its highly anticipated annual list of hot tech start-ups to watch. ASX listed Weebit, that was recently backdoor listed into Radar Iron by Nedlands based corporate advisory firm Armada Capital, has made the EE Times “Silicon 60” list this year.

Blackham locks in near record prices for 1/3 of Matilda gold output for next 18 months

Blackham Resources has provided some certainty for investors by locking in forward gold sales at near record prices for part of its production from the 100,000+ oz-per annum Matilda gold project. More than 1/3rd of gold sales over the next 18 months are locked away providing Blackham with a solid foundation to launch big expansion plans.

MGC Pharma teams with Sydney Uni to create white paper on medical marijuana

MGC Pharma and The University of Sydney have released a new report on the clinically proven benefits of medicinal cannabis in a bid to increase its acceptance and draw attention to its potential medical benefits. More than 100 studies are currently underway which will provide a base load of clinical evidence for doctors and patients.

Pilbara Minerals to inject $550m a year into Pilbara region from world scale Lithium mine

Well its official – Lithium mining is very lucrative and the hype surrounding the industry is real and justified. Pilbara Minerals had the market sitting upright with eyes and ears at the ready this week when they released their stunning financial projections for what could be the world’s largest Lithium mine just 100km south of Port Hedland in W.A.

Sky and Space Global in deal with $7b tech giant

Sky and Space Global has attracted another big name partner as it counts down to the launch of its first nano-satellites in the second quarter of next year. The company has entered an MOU with US$7 billion tech giant Flextronics, just one week after signing with Sir Richard Branson’s Virgin Galactic to ferry its nano-satellites into orbit.

New trials of PharmAust cancer drug underway at Cambridge Uni

The University of Cambridge has begun a second phase of canine trials of PharmAust’s promising anti-cancer drug, taking it a step closer to widespread availability for pet owners. The trial will also provide information on the potential for the Perth-based company’s new drug as a breakthrough cancer treatment for humans.

Sipa kicks off drilling at second project in a month

With a swag of drill results from two exciting projects on two different continents due out over the next few weeks, ASX punters will no doubt be watching Sipa Resources closely with one hand on the buy button. Sipa this week starts a new phase of drilling at Akelikongo, its highly-rated nickel-copper prospect in Uganda. 

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