Public Company News

Troy achieves commercial production in S.A

Troy Resources have achieved commercial production at their $133m Karouni gold plant in Guyana, a small English speaking country on the north Atlantic coast of South America. The company says its Karouni plant is now self funding just 8 weeks after pouring its first 4.7kg gold bar. They are aiming for production of 80 000 tonnes a month from this month.

Neometals to pay dividend before production

In an extraordinary move, Perth based Neometals will pay a dividend even ahead of production after amassing a $67m pile of money via a series of sublime deals surrounding their Mount Marion Lithium play. They will return $11.2m of the $67m of cash they have amassed back to shareholders by way of a 2c per share un-franked dividend and capital payback.

Blackham DFS shows $234m free cashflow

Blackham Resources have released their highly anticipated DFS, which shows the Matilda Gold Project in Wiluna reaping at least AUD$234m in free cashfow over its initial 7 year mine life. With only 239m shares on issue on a fully diluted basis and a current share price of less than 50c the maths on this project starts to look very interesting. 

Blackham discovers new gold lodes on the eve of DFS

When your biggest problem is that you cant find a piece of un-mineralized ground to place your waste dump you know you're on a winner in the gold mining business. Such is the case at Blackham Resources Matilda Mine prospect in Wiluna. Canaccorde Genuity recently predicted the company would EBIT $41.6m in FY17 and a whopping $91.4m in Fy18 as they hurtle towards production.

Adult diaper market to increase by 48% to $2.7b

ASX listed Analytica have pointed to an article on Bloomberg getting global coverage on the growth in the adult diaper market to highlight the need for an effective treatment for urinary incontinence, a condition that can be cured or reduced using Analytica's "Peri-Coach" device. Euromonitor International is forecasting a 48 percent increase in sales in the adult diaper market to $2.7b by 2020.

Triton makes 31m strike grading over 10% Graphite in Mozambique

Perth based Triton Minerals have hit a 31m drill intersection grading over 10% total graphitic carbon content (TGC) at its world class Nicanda West graphite play in Mozambique. Preliminary test work at Triton's Ancuabe project has also returned some of the highest quality jumbo and super jumbo flake graphite in the world with over 73% of flake exceeding 300 microns and 43% exceeding 500 microns.

Pharmaust opens new drug lab at Technology Park

Epichem, a wholly owned subsidiary of ASX listed biotech hopeful Pharmaust, has reached the pinnacle of its 13 year existence with the opening of its new state of the art chemistry lab in Technology Park, Bentley. The new lab which is double the size of the old one previously operated on site at Murdoch University, cost $1.6m and boasts a serious brains trust of 13 PHD's amongst its 18 staff.

Blackham adds another 10 000 ounces as production looms

With only months to go before Blackham Resources achieves its dream of firing up the old Wiluna Gold plant to treat a whole host of new discoveries, the company has again increased its in ground gold resource estimate at the Matilda Gold Project in Wiluna - this time by 10 000 ounces. Blackham's shares have doubled over the last few months as they continually update the size of their resource.

Burleson Energy to put satellites into space

ASX listed Burleson Energy, currently trading at just 0.4c appear to have landed a company maker that ticks all the right boxes with its impending back door listing of Sky and Space Global Ltd. SSG is a start up seeking to deploy clusters or "constellations" of new tech "nano-satellites" into space for the purposes of owning a global telecommunications network for satellite phone and data users.

Excitement builds as Legend drills conductors

Ever since Sirius Resources poked a hole into a magnetic signature on a map and came up with the colossal Nova-Bollinger nickel resource, the market takes particular note when others do the same - especially when it is in the same area. Legend Mining shares have run by 50% over the last few weeks ahead of their drill program starting on February 22nd to test 5 identified conductors.

Stargroup looks to 300% ATM revenue increase

Perth based Stargroup's aggressive acquisition strategy in its ATM machine division appears to be paying off with the company staring at a 319% year on year revenue increase this quarter from its ATM division. The March quarter will be the first full quarter incorporating Stargroup's latest ATM machine network acquisition via Cash Plus Australia.

Neometals in $38m cash bonanza from Lithium play

At a time when junior miners are screaming for cash, no such problem exists at the David and Chris Reed led Neometals. Last quarter the company reported cash of $31m and today they announced their Chinese partner in the Mt Marion Lithium project near Coolgardie will pay them another $38m to increase their stake in the project.


Runners of the week

Company NameOpenPeak
Segue Resources0.00200.0750
Blina Minerals0.00100.0020
LWP Technologies0.00100.0020
Norwood Systems0.01500.0220
Red 50.03200.0450
Artemis Resources0.09000.1250
Wolf Petroleum0.03500.0480
Ishine International Resources0.01400.0190

Share Price

Closing price for the last 90 trading days
Source: Morningstar

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