Public Company News

Buru edges closer to new Canning Basin oil production

04 Nov 2019

Canning Basin focussed hydrocarbon explorer and producer, Buru Energy, has largely completed its lateral section drilling at the emerging Ungani 7H well within the productive Ungani oilfield in the Kimberley region of WA. The company also reported some $3m in revenue from other wells within the Ungani oilfield this week, with two further production wells in the field, Ungani 6H and 7H, expected to come on-line during December.

Venus Metals Corporation

Venus/Rox hit gold near Penny West mine

Matt Birney

04 Nov 2019

Venus Metals and Rox Resources have hit high grade gold in aircore drilling at their Venus JV project near Youanmi in WA. The drilling is located north of the old Penny West gold mine and Spectrum Metals’ recent much-heralded Penny North discovery. Best numbers came in at 4 meters grading just over 7 grams per tonne from 24m depth and 5m grading nearly 2.5 grams per tonne from 60m downhole.

PharmAust

Pharmaust calls for K9 volunteers for cancer drug trials

Matt Birney

04 Nov 2019

ASX listed biotech, PharmAust, has put a call out for canine volunteers to join its anti-cancer drug treatment trials in partnership with veterinary practices across Australia. The trials will study the effectiveness of Pharmaust’s anti-cancer drug in dogs suffering from B cell lymphoma – the most common canine cancer. Preliminary findings from phase I trials were very positive, with a notable reduction in tumours and prolonged lifespan.

Blina Minerals

Blina cashes out stake in NZ exploration play

Matt Birney

04 Nov 2019

Blina Minerals will cash in its 11% stake in private New Zealand focused explorer, Condamie Resources and will pocket around $200,000 from the transaction. The company will use the funds to explore its recently acquired Barkly gold-copper project in the NT. The Bluebird prospect is arguably the most promising target at Barkly and historically threw up some lucrative drill intercepts like 20m @ 8.17g/t gold and 0.61% copper.

Vonex

Vonex hikes revenue by 25%

Matt Birney

04 Nov 2019

ASX-listed, cloud-based telecommunications pacesetter, Vonex, last week revealed it had generated quarterly contract revenues of $1.62m, a 25% jump over its June quarter results and an 18% hike over the same quarter last year. Vonex’s business received a shot in the arm this year after the telco upstart inked a partnership agreement with Qantas Business Rewards, with a noticeable upswing in numbers now starting to occur.

MGC Pharmaceuticals

MGC writes 1000th medicinal cannabis prescription

Matt Birney

31 Oct 2019

MGC Pharmaceuticals has expanded the number of patients prescribing for or being processed to receive prescriptions of its medical cannabis-based pharmaceutical products in Australia and the UK to around 500 with the company racking up its 1000th prescription this month. Management said that the key milestone readily demonstrates its strengthening position and momentum in those key markets, with its sales graph continuing to climb month by month.

Venus Metals Corporation

Venus onto new copper-nickel targets

Matt Birney

31 Oct 2019

Venus Metals has wasted no time in getting a drill rig on top of its four new electromagnetic, or “EM” targets that were thrown up just last week at the company's Vidure copper-nickel prospect in the Youanmi region of WA. The new EM targets represent potentially un-discovered massive sulphide occurrences that may be hiding beneath the surface. With Youanmi a hot area right now, the results should be interesting.

Blina Minerals

Blina to drill test NT copper-gold play

Matt Birney

30 Oct 2019

Blina Minerals is all set to kick off a maiden drilling program at its recently acquired Barkley project near Tennant Creek in the NT. The company will drill test extensions to high-grade copper-gold-bismuth mineralisation at the Bluebird prospect, where historical drilling hit numerous stellar intersections such as 20m going 8.17g/t gold, 0.61% copper and 0.22% bismuth from 157m down-hole.

TNG

TNG submits Mount Peake Environment plan to NT Gov

Matt Birney

30 Oct 2019

TNG Limited has submitted a comprehensive Environmental Impact Statement for its Darwin TIVAN processing facility to the NT Government in support of its wholly-owned, integrated Mount Peake vanadium-titanium-iron mining project near Alice Springs in the NT. The company will establish a world-class integrated downstream minerals processing operation in Darwin, to treat magnetite concentrates sourced from the Mount Peake mine.

Altech Chemicals

Altech inches closer to HPA production in Malaysia

Matt Birney

30 Oct 2019

Altech Chemicals is inching closer to production of high-purity alumina after completing Stage 1 of construction at its HPA plant in Malaysia, both on time and budget. The company is now progressing Stage 2, which includes the development of an on-site electrical substation for the processing facility. Altech will produce 4,500 tonnes a year of HPA sourced from pure kaolin clays in WA.

Adriatic Metals

Instos plough up to $25m into Adriatic

Matt Birney

30 Oct 2019

Adriatic Metals has raised $25m via a two-tranche institutional placement to expedite an aggressive exploration program through to a BFS at its exciting, Vareš multi-metals project in Bosnia. The company is also seeking a secondary listing of its shares on the London Stock Exchange during the current quarter to capture further interest from UK and European investors that are looking to support the world-class, high-grade project.

Hot Chili

Near surface drill hits for Hot Chili at Cortadera

Matt Birney

30 Oct 2019

Hot Chili’s drilling at the Cuerpo 3 deposit within its Cortadera porphyry discovery in Chile has hit a 264m long, near-surface intercept of copper and gold mineralisation from just 52m down-hole, opening up the potential for future open-pit extraction. Another hole 250m to the southwest recorded a strongly mineralised porphyry system from surface to at least 313m depth, confirming the zone is also situated in shallow up-dip positions.

Market Charts View all

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Runners of the week

Company Name	Open	Peak
BPH Energy	0.0010	0.0020
Pancontinental Oil & Gas	0.0010	0.0020
Alloy Resources	0.0010	0.0020
Victory Mines	0.0010	0.0020
Carnegie Clean Energy	0.0010	0.0020
Thor Mining	0.0060	0.0110
Lindian Resources	0.0240	0.0410
Parkway Minerals	0.0060	0.0100
Merchant House International	0.0730	0.1150
Amani Gold	0.0020	0.0030

Corporate Finance Deals

Company Name
Danakali
NRW Holdings
Mincor Resources
Primewest
IMF Bentham

Director Share Trades

Director Name	Change
Ian Macliver at Sheffield Resources
Richard Carcenac at RBR Group
Heath Hellewell at Duketon Mining
Phillip Jackson at Aurora Minerals
Russell Kane at Euroz
Athol Emerton at RBR Group
John Richards at Adriatic Metals
David McAuliffe at 4DS Memory
Paul Cronin at Adriatic Metals
David Vilensky at Oakdale Resources