Matt Birney

Troy Resources has reported some impressively long mineralised drill intersections from recent, near mine drilling at its Karouni Gold mine in South America . The Perth-based company says it has identified favourable geological domains for gold deposits at its Goldstar, Hicks 4, and Smarts NW prospects with intersections up to 29m long. 

Lithium Australia’s share price jumped 28% following the release of test results showing that their unique, low cost Lithium processing technology might actually work. The company was able to produce almost pure battery grade Lithium Carbonate in pilot plant tests in NSW and will now turn its attention to doing the same using ore from Pilbara Minerals' Pilgangoora project. 

Lithium Australia announced this week they were adding yet another string to their already diversified bow as the company looks to set up a Lithium recycling business from discarded Lithium-ion batteries. Lithium recycling from batteries is almost non-existent at the moment, presenting a real opportunity for Lithium Australia to carve out a niche. 

Listed financial technology and ATM machine company Stargroup expects 2017 to be another standout year after amassing a $15m war chest to acquire Indue Ltd’s ATM machine business assets and fund further acquisitions. The company says it is now in a position to explore additional mergers and acquisitions without the need to issue further capital. 

ASX listed Sky and Space Global has added to its existing customer base after entering into a new commercial contract to sell a portion of its nano-satellite bandwidth to African app developer BeepTool. The company says the deal further signals its potential to generate early stage revenue from their first 3 trial nano-satellites, scheduled for launch in 2017.

Auroch Minerals have secured even more ground at their exciting Karibib Lithium project in Namibia under an option and joint venture agreement. The deal follows Auroch’s entry to Namibia in November which triggered a surge in the company’s share price and attracted attention from a serious Lithium investment fund. 

Medical marijuana company MGC Pharma has been given the tick of approval to sell its brand new cannabis-based dermatological skincare range in the European Union. MGC sees the green light from the European Cosmetics Products Notifications Portal as a major step forward for its new skin care range that will treat acne, psoriasis and seborrhoea.

Stargroup look set to make that elusive transition from money gobbling, fast growing start-up, to a fully franked dividend paying stock that will at least cover an investor’s interest bill. The company looks like paying a maiden dividend this financial year that will represent a 6.67% return to an investor at the current share price after posting its 11th record quarter.

Lithium Australia’s Sileach process has successfully passed its first trial using Lithium ore from Pilbara Minerals’ giant Pilgangoora project near Port Hedland. The positive results are the first step towards a potential Sileach plant being built at Pilgangoora that could add millions of dollars in value to the project by way of reduced processing costs.