Public Company News

Altech turns first sod for Malaysian Alumina plant

Altech Chemicals has executed a Stage 1 construction works agreement with Germany’s SMS group for its high purity alumina plant in Johor, Malaysia. The agreement covers site works, the electrical sub-station structure and maintenance workshop. Altech is equity funding the works, which will be carried out in parallel with project financing in order to ensure a fast tracked route to market.

Excellent titanium recoveries for Neometals at Barrambie

Neometals Ltd has received some very encouraging metallurgical results for potentially direct shipping ore concentrates from its Barrambie titanium vanadium iron project, located near Meekatharra in W.A. The processed ores produced recoveries exceeding 90% for titanium dioxide and also showed high recoveries for pig iron and vanadium. The results provide encouragement that a simple, conventional processing pathway can be developed for the high grade ores.

Infinity to make lithium chemicals at Spanish mine

Infinity Lithium has reaffirmed its JV partnership with engineering firm Sacyr/Valoriza Mineria and aligned a strategy to accelerate technical work at its San Jose lithium project in Spain. The company is proposing to produce both lithium hydroxide and lithium carbonate on site at the mine, taking full advantage of the availability of affordable power in the area and re-writing the lithium playbook in the process.

Greenland ticking boxes for rare earths pilot plant

Greenland Minerals and Energy is inching closer to commencing building its rare earths pilot plant in Greenland after major Chinese shareholder and technical partner, Shenghe, said it will shortly select the best flotation circuit for the project, clearing the way for pilot plant operations to begin. Greenland has already produced mineral concentrates with grades approaching 25% rare earth oxides.

Rods are turning for Terrain at Red Mulga

Terrain Minerals has commenced drilling up to 10 holes targeting cobalt, nickel, chromium, copper and gold mineralisation at the Red Mulga project near Kalbarri, Western Australia. If successful, the drill campaign will be followed up by physical airborne and/or detailed ground electromagnetic surveys to better map out the targets. Red Mulga is considered prospective for the highly sought after Cobalt.

Artemis gets surprise from super deep Pilbara drilling

Artemis Resources has penetrated 300m of a felsic intrusive rock during a deep drilling program, 65km south of Karratha in the Pilbara. Such intrusions “invade” the in-situ rock sequences in a hot fluid state and cause significant cracking due to the high temperatures involved and the extreme pressures. The intrusions can be the source of economic ore deposits, if they originally contained dissolved metals.

Sky and Space eyes Chinese launch option

Sky and Space Global has signed an MOU with major launch services provider China Great Wall Industry Corporation to potentially launch its nano-satellites. The two companies will begin formal negotiations for a launch contract once China Great Wall’s launch capabilities have been assessed to meet Sky and Space’s technical and operational launch requirements.

Spectur camera revenues jump 86%

Security surveillance company Spectur has reported an 86% increase in revenues for the 2018 financial year to $2.48m on the back of a successful east coast expansion strategy. Spectur rents and sells wireless solar security cameras that have a number of unique abilities. Annualised recurring revenues, which the company considers as a buffer against the fixed costs of its operations, exceed $1.2m.

Babylon locks in million dollar power contract

ASX listed Babylon Pump & Power has secured a contract valued at $1.1m from Adenco for the supply, installation and maintenance of new power generators to BHP Billiton’s Area C Surplus Water Pipeline Project in Western Australia. The order is an endorsement of the company’s strategy to add power generation to its suite of pumping services and products.

Phylogica to start animal testing this month

ASX listed biotech Phylogica will start animal testing of its cell penetrating Peptide’s ability to deliver proof of concept enzyme Cre drugs across cell walls into a diseased cell this month. The company has also started large scale screening of its drug library to find more peptides that can target the insides of specific cells and deliver drug cargoes with different properties.

Galena lead project turns gold

Galena Mining’s targeting of the “apron zone” at its Abra project near Meekatharra will have shareholders pulses racing, after the company intercepted a 15.4m drill section grading 25.9% lead and 74g/t silver from 519m down-hole, including 7.7m at 41.7% lead and 116g/t silver from 525.7m. Drilling also intersected 8.0m @ 9.5g/t gold, 1.4% lead, 0.6% copper and 77g/t silver from 706m in the same hole.

Hot Chili uncovers new copper targets in Chile

Hot Chili has announced the discovery of multiple large copper exploration targets during a reconnaissance mapping and sampling program, near its San Antonio prospect area in Chile. Surface sampling produced results up to 6.5% copper, 1.97 g/t gold and 24.3g/t silver. The company also said an RC drilling program at San Antonio was progressing well, with assay results from priority holes containing visible copper sulphides due shortly.


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