Public Company News

ASX listed Sky & Space Global have progressed the commercialisation of their game changing telecommunications “nano-satellites” by signing their first binding commercial contract with a wholesale customer, Sat-Space Africa. The contract provides confidence in Sky and Space’s nano-satellites and their technical capability as the company works to roll out up to 200 of the miniature orbital devices by 2020.

ASX-listed Stargroup has upwardly re-valued its legacy investment in part owned ATM machine manufacturer and supplier NeoICP after the Korean company posted a robust set of full year accounts. Stargroup has an 11.28% legacy stake in the privately owned NeoICP, which delivered revenues of AUD$23.7 million for the twelve months to June and an EBITDA of AUD$2.1m

Sky and Space Global’s game-changing “nano satellites” have successfully passed orbital testing, keeping the Perth-listed wanna-be telco on track to commence commercial revenue generation. With the orbital testing phase completed, Sky and Space’s miniature satellites will now undergo a battery of commercial testing including the facilitation of phone calls, instant messaging and data transfers.

ASX listed "internet of things" player Connected IO continues to strengthen its relationship with Verizon, with the Perth-listed company receiving its biggest ever purchase order from one of the giant US telco’s preferred distributors, Mach Networks. Management said it received the order from the machine-to-machine solutions provider for 3,000 of its modem like units, worth over $700,000.

Hammer Metals is once again punching above its weight by securing a joint venture with Glencore to explore for high-grade copper-gold adjacent to the old Mary Kathleen uranium mine in Queensland. It is Hammer’s second joint venture with a global mining heavyweight, following a deal with Newmont in late 2015 to explore for base metals elsewhere in the Mt Isa district.

The cleantech boom is taking off in Europe, led by the region’s eco-conscious citizens and indomitable car makers. Perfectly positioned is ASX-listed Auroch Minerals, which appears to have found a Cobalt treasure trove in Europe’s industrial heart. Drilling is about get underway at the historic Tisova copper mine in the Czech Republic, which was never explored for Cobalt but appears to have plenty of it.

ASX-listed Stargroup is launching a range of casino technologies targeted at the Australian gambling market that have previously been successfully rolled out in casinos across Asia. The Perth-based company says it is working closely with major Korean ATM machine and casino settlement solution manufacturer, NeoICP, to tailor the gaming solutions for the Australian market.

Calidus Resources have beaten all expectations in their prospectus with another round of spectacular drill hits from the Warrawoona gold project in the East Pilbara. An eye-popping 6 metre drill intersection grading 63.3 g/t gold has the market sitting up and taking notice with every one of the 40 holes drilled to-date punching through potentially ore-grade mineralisation.

It seems that almost no market is out of bounds for “internet of things” player Connected IO and their wireless command and control technology. In what looks like proof positive that the "internet of things" market has definitely arrived, last week the company announced a major new deal in the military drone market and this week they are selling their technology to 3000 US Burger King stores.

It seems that the mining gods have caucused and the result is that Northern Minerals shall be rewarded for their bold decision to build Australia’s first heavy rare earths mine. In an exquisite piece of timing, a Chinese government crackdown on illegal mining has sent prices soaring for Dysprosium - the key rare earths product to be churned out from the soon to be built Browns range mine near Halls Creek.

Auroch Minerals will begin a major drill program next month at the Czech Republic’s historic Tovisa copper mine, which is also thought to be rich in cobalt and gold. The drill program will start just two months after Auroch snapped up an option over 100% of Tovisa, where surface sampling has already returned grades of up to 0.68% Cobalt, 3.5% Copper and 3.7 grams/tonne Gold.

A $4.8 million grant from the Building Better Regions Fund will help Northern Minerals and the Wunan Foundation create new work opportunities for Aborigines at Browns Range in the East Kimberley. The heavy rare earths developer says the new training-to-work program is essential for the company to meet its target of 20% indigenous employment.