Public Company News

Hammer nails another Mt Isa project

Hammer Metals' success at the Millennium project that was aquired for a song has opened the door to another acquisition that looks to be equally well priced in Mt Isa. The company announced this week an agreement with Chinalco Yunnan Copper Resources to acquire highly prospective tenements in the Mt Isa district for the issue of 1.5m Hammer shares, which closed at 3.9c on Wednesday.

Native Title cleared for giant Pilbara Lithium mine

Mineral explorers often stumble over approvals when it comes to getting into development. Pilbara Minerals however are showing how it's done with news of several key approvals, including an all-important Native Title agreement this week for their giant Pilgangoora Lithium mine. Project permiting is expected in Q1 2017 with first ore shipped by July 2017.

Blackham adds another $1.4b worth gold in Wiluna

Blackham Resources have discovered another $1.4b worth of in-ground gold at the Matilda Gold Project in Wiluna since June. Whilst no where near all of this amount will drop to the bottom line, it's still a staggering statement to make about a company that is still only capped at around $150m. The project has jumped from 5.1m ounces to 6m ounces in six months. 

Stargroup nails 12th record quarter in just two months

ASX listed financial payments player Stargroup's extraordinary run of revenue growth has continued, with the company delivering its 12th consecutive quarter of record revenue after just two of the three months in the December quarter. The company posted a 299% revenue increase compared to the same time last year with the increase led by the ATM division. 

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.


Runners of the week

Company NameOpenPeak
TTE Petroleum0.00800.2200
Regal Resources0.01400.2200
Premiere Eastern Energy0.01800.0370
Kingston Resources0.02200.0390
3D Resources0.00400.0070
Metals Australia0.01000.0160
Samson Oil & Gas0.00400.0060
Acacia Coal0.00400.0060
Jacka Resources0.00400.0060
Caeneus Minerals0.00200.0030

Share Price

Closing price for the last 90 trading days
Source: Morningstar

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