Public Company News

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.

Legend Mining's drill campaign in the Fraser Range has generated a swag of new clues about the possible location of a major nickel-copper sulphide orebody, including a “very strong” new conductor just 20m below the latest drill hole. The ASX junior is leading the search for the next Nova-Bollinger style discovery and continues to generate positive signs of magmatic nickel-copper sulphides.

Blackham Resources are contemplating an even bigger open pit at their revitalised Wiluna gold mine after another resource upgrade. Open pit gold in the East and West lodes has jumped by a further 70,000 ounces, along with a big lift in the quality of the resource which now boasts an average grade of 2.83 g/t. The company has found a billion dollars worth of in-situ gold in a year.

Auroch Minerals have uncovered important historic drill core up to 27 years old on their Alcoutim licence in Portugal that could provide vital clues as they gear up for the next drill hole along strike from the “supergiant” Neves Corvo deposit. Directors have high hopes for the next drill location, which already boasts multiple coincident anomalies pointing to massive copper-zinc sulphides.

Perth listed Connected IO has announced it will partner with major US drone company AirShip, with the ASX-listed tech player to provide its innovative wireless solutions for use in cutting edge military and commercial unmanned aerial vehicles. Connected IO says Airship drones have already been selected by military outfits around the world to provide covert services on the battlefield.

A new study of various mining and economic scenarios relating to Terrain Minerals' Great Western gold project near Leonora has given the ASX junior a possible fast tracked pathway to cash flow. The CSA Global study shows the project could pump out up to 36,000 ounces of gold quickly and profitably with onsite processing and would still produce positive cash flows even at AUD$1500 an ounce.

Perth listed Connected IO's relationship with Verizon continues to gather steam, with the tech company locking away several new purchase orders via its enterprise agreement with the US telco giant. The company says the new orders augur well for growth in the period ahead as it blazes a trail in the booming global "Internet of Things" market, estimated to be worth more than USD$560bn by 2020.

Early drill results from Lithium Australia's Ravensthorpe project, immediately west of the Mt Cattlin Lithium mine, have outlined a large, thick, flat-lying, potentially Lithium bearing Pegmatite. Assay results due next month will be highly anticipated after two key Lithium minerals, Spodumene and Lepidolite were visible in the drill chip samples.

ASX listed resume screening and verification company CVCheck has finished the financial year with revenues up 50 per cent on the back of sustained user growth and a swag of new corporate clients. The Perth based online company is aiming to get to break even by the December quarter as the corporate sector puts job seeker's resumes to the test.