Announcements

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.

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.

Hammer Metals’ impressive exploration skills will get a workout over the next few weeks with the start of RC drill programs at both the Kalman West and Revenue prospects in the Mt Isa mining district. Hammer will be hoping to add to a string of successes, which have attracted gold heavyweight Newmont and a Canadian cobalt specialist as joint venture partners.

Legend Mining’s tenacious search for the next Nova-Bollinger lookalike in the Fraser Range just got real after the company encountered multiple intercepts of sulphides in the first drill hole. The hits include mineralization that is similar to that found at Nova-Bollinger and investors will no doubt be sitting on the edge of their chairs whilst the results are being assayed.

Azonto Petroleum’s prospectus to raise up to $4.5 million reveals the use of an innovative method of finding liquids rich “sweet spots” in the company's new shale liquids play in the revered Montney oil and gas formation in Canada. Azonto’s ground is directly analogous to Sauaro’s ground where 32 operating wells have already been discovered. 

Stargroup has posted an incredible 14th quarter of record revenues in a row as the company completes a transformational FY17 on its journey from minor to major ATM machine industry player. In another stellar quarterly result, June quarter revenues were up 144 per cent with the company hinting they might also double their FY18 revenue guidance. 

Sky & Space Global have hit a major milestone by becoming the first company to successfully complete communications between multiple nano-satellites situated hundreds of km's apart in space. The company says its telecommunications nano-satellites are currently operating according to plan in orbit and have generated more than 60 hours of telemetry since launch.

Perth based medical research pioneer Epichem, a wholly owned subsidiary of ASX listed PharmAust, has posted record revenues for FY17 on the back of growth across all of its business divisions. PharmAust said Epichem generated a best-ever revenue result of $3.05m for the 12 months to June, up by 30 per cent when compared to the previous year.  

An engineering study has shown that Lithium Australia’s breakthrough “Sileach’ Lithium processing technology could be profitable even at the pilot plant stage. The company is staring down a potentially lucrative global opportunity that would see them move around the world processing Lithium waste dumps that were previously thought to be uneconomic.  

Shark Mitigation Systems is partnering with a Californian surf craft manufacturer to accelerate the rollout of its anti-shark technology, “SAMS”, into the US water sports market. The company says the manufacturing license agreement with Californian production firm Boardlams potentially paves the way for distribution of its visual technology into an estimated 2000 US surf shops.

Sky and Space Global’s testing of its first three nano-satellites continues to return excellent results, with the miniature telecommunications satellites successfully passing more than 100 tests in space. The Perth-listed company’s nano-satellites are currently operating perfectly in orbit and have so far transmitted over 1,000 minutes of data back to earth.

Fledgling Gold producer Blackham Resources has released another set of exceptional, high-grade drill hits from the Wiluna Gold Project in W.A as it charges ahead with studies to double production to more than 200,000 ounces per annum. The new results are from the second half of a whopping 49,000 metre RC and diamond drilling program.

ASX-listed MGC Pharmaceuticals has bolstered its European medicinal cannabis growing operations by shifting nearly 500 marijuana plants to the company’s facilities in the Czech Republic. MGC is moving full steam ahead with its botanical division, largely based in the EU, after last month receiving a full European licence to grow cannabis.

Connected IO has delivered its fourth consecutive quarter of record revenues as the Perth-listed tech company continues to reap rewards from its foray into the booming “internet of things" sector. Revenues hit a record $822,562 in the June quarter, up 45 per cent from the previous quarter and nearly 2,000 per cent higher than the same time last year.

Many explorers are searching for Cobalt opportunities right now, but few look more interesting than the one just snapped up by Auroch Minerals in the Czech Republic. The Perth junior has secured an option over an ancient Copper mine that was previously unrecognised for its Cobalt potential. It has vast waste dumps that could be bristling with the lucrative tech metal.

Pilbara Minerals are studying the potential for an even larger future expansion at Pilgangoora after new success with the drill bit produced a 15% increase in Lithium reserves. The company now have enough ore to mine for 40 years at stage 1 production levels of 2Mtpa and are looking to boost the stage 2 expansion to 5Mtpa.

Pilbara Minerals’ Pilgangoora Lithium project has received the ultimate accolade in the form of a $20m investment by the Federal Government’s Clean Energy Finance Corporation. The Government finance agency emerged recently as one of several institutional investors in Pilbara’s A$130 million bond issue.

PharmAust has engaged Canadian pharmaceutical specialist BRI to reformulate its promising anti-cancer drug Monepantel in readiness for more clinical trials and commercialisation. Monepantel has already shown positive outcomes treating cancer and PharmAust are now looking to improve the taste profile and palatability of the drug.

The big wait is over for wanna-be telco, Sky and Space Global, after they successfully made contact with their 3 “nano-satellites” that were blasted into space earlier in the week. The company has successfully communicated with their miniature telecommunications satellites on 50 occasions since they were sent into orbit on June 23rd. 

Technology company Weebit Nano has embarked on the next stage of development of its new generation memory storage technology, with the company working to miniaturise its unique “ReRAM” solution.  The Perth company’s potentially game-changing ReRAM memory is faster, cheaper and needs less energy than current storage methods.