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Geopacific makes new gold discovery in PNG

Geopacific Resources has discovered a significant new gold zone at the Woodlark gold project in PNG, boosting hopes that in time it could grow into something more like its multitude of Tier 1 neighbours. The new Boscalo gold zone is only 300 metres from an existing deposit and could potentially be incorporated into an expanded pit design. The best result at Boscalo was 12m @ 7.45 g/t gold.

German Gov to guarantee Altech project debt in exquisite funding deal

Altech Chemicals appear to have pulled off a major financial coup with their announcement that the German Government would provide a debt guarantee for their proposed Malaysian high purity alumina plant that will be fed with Kaolin, mined in Meckering, W.A. The project is now debt guaranteed, fixed price guaranteed , has a 10 year off-take guaranteed and the quality and throughput rate is also guaranteed.

St George stock soars 57% on high-grade nickel intercept

St George Mining has ended 2017 with its share price on an upward trajectory on confirmation that its Mt Alexander project produced one of the most impressive base metals drill hits in the country this year. New assay results have revealed a 17 metre drill intersection grading 3.01% nickel, 1.31% copper, 0.13% cobalt and 1.68 g/t platinum group elements from a depth of just 37.45 metres.

Pharmaust test drug reduces dog cancer tumours

Perth-based biotech company PharmAust has announced a set of tail wagging results from tests conducted on dogs with cancer who were given PharmAust’s promising development drug Monepantel, or MPL, which stabilised the spread of the disease in the animals. 6 of the 7 dogs tested experienced a reduction in tumour size over a two week period when administered with MPL.

Lithium Australia kicks off drill program in Germany

Lithium Australia is moving quickly to improve its newly defined maiden lithium resource in Germany with a diamond drilling program aimed at lifting confidence in the deposit and potentially expanding its size. Historical drilling has already shown potential to supply a 25,000 tonne per annum lithium carbonate plant for 10 years and the company is now keen to see what new drilling may reveal.

Connected IO posts 340% revenue lift in 2017

Perth-listed junior tech company Connected IO posted a whopping 340 per cent lift in revenue in 2017, delivering a top-line of $2.2 million this year. The “internet of things” company, which has rapidly expanded its customer base in 2017, expects further growth in 2018 given the strong pipeline of new purchase orders it secured in recent months. The order book for 2018 is already sitting at $3.3m.

MGC to launch new cannabis skin treatment

ASX-listed MGC Pharma is set to rollout a marijuana-derived psoriasis treatment after clinical trials in Europe showed the product, CBD Herbal Repair Cream, was effective at relieving dermatological symptoms such as irritated and inflamed skin. The first product offering from MGC’s Derma Plus line, is scheduled for launch in January and will be sold online and through existing channels.

Neometals racing downstream with lithium on three fronts

Neometals’ push into high-value lithium hydroxide is moving ahead at a rapid pace, with a FEED study expected to get underway in the first quarter of 2018 followed by a final investment decision as early as the end of the year. The plant is just one of three downstream projects in progress, including a cutting-edge lithium titanate research project that could replace graphite in batteries..

Nzuri brings Chinese cobalt giant to its register

Nzuri Copper’s ambitions to become a big player in the African Copper-Cobalt Belt have received a massive boost with a $10 million placement to Huayou Cobalt, the world’s biggest producer of cobalt chemicals. Huayou operates a number of cobalt projects in Nzuri’s backyard and will become a vital partner for the ASX-listed junior alongside Ivanhoe Mines who are already in a JV with the company.

Investors say ‘Ole’ to Plymouth cap raise for Spanish lithium mine

Plymouth Minerals has successfully raised $6.5 million in a share placement to accelerate its plans for development of the San Jose lithium project in Spain and to expedite a feasibility study that will increase its stake in the well placed project from 50% to 75%. Plymouth are planning to produce battery grade lithium carbonate on site and are blessed with a gas pipeline running past their doorstep.

Pilot opens up Peppermint’s payment APP to Filipinos

Millions of cash transacting Filipinos who do not operate bank accounts are a significant step closer to making commercial money transfers on their mobile phones a reality as a result of Peppermint Innovation's pilot program in partnership with in-country, distribution network organisation SANTE Barley. The parties have launched a new mobile payment APP to be known as League Pay.

Bougainville geophysics rival world’s greatest : Kalia

Bougainville's untapped potential for gold and copper continues to build if ASX-listed Kalia Ltd's geophysical reports are anything to go by. Kalia recently snapped up the first exploration permits released on Bougainville and have wasted no time reworking old data which has revealed anomalies similar to those associated with some of the world’s biggest copper-gold mines, according to management.

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Runners of the week

Company NameOpenPeak
Po Valley Energy0.04100.1100
Victory Mines0.01600.0290
King River Copper0.03300.0590
Pacifico Minerals0.00600.0100
Hexagon Resources0.11500.1900

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