Public Company News

Gerard Private Holdings’ wholly owned subsidiary Zimi Powermesh, which is on the cusp of merging with smart home technology group, Quantify Technology, has just received an order for a whopping 10,000 units of its internet-connected devices. Once the acquisition of Adelaide-based Zimi has been ratified by Quantify shareholders at its annual general meeting next week, the merged entity plans to undertake a $4 million capital raise.

Victory Mines continues to deliver a barrage of solid drill intercepts from its recently completed drilling program at the Coogee gold project in WA. Drill hits from the latter half of the company’s maiden program across the target include 12m at 2.85 grams per tonne gold, hosting 4m at 5.52 g/t gold from 76m and 20m at 2.07 g/t gold, hosting 8m at 3.41 g/t gold from 92m.

Lindian Resources has completed the acquisition of its 75 per cent interest in the leviathan Lelouma bauxite project in Guinea following shareholder approval. The company recently reported Lelouma’s near-surface resource had been increased to 900 million tonnes grading 45 per cent aluminium oxide and 2.1 per cent silica containing a higher-grade portion totalling 398 million tonnes at 48.1 per cent aluminium oxide and 2 per cent silica.

InteliCare has banked more than $410,000 following the receipt of its research and development tax refund for the 2019-2020 financial year. The substantial return comes from the development of the company’s InteliLiving and InteliCare Pro product lines, which are being increasingly adopted for use across Australia in aged and disability care.

ASX-listed Calidus Resources has added one of the richest-grade gold mines in the Pilbara hinterland to its growing arsenal of projects after striking a deal with Canadian miner Novo Resources Corporation for the Blue Spec gold mine near Nullagine in WA. The deal will also see Calidus pick up the smaller Gold Spec mine to the south.

ASX-listed gold explorer, TNT Mines, has wasted no time in getting the drill rods turning at its newly acquired historic Eureka gold project about 50km north of Kalgoorlie. Eureka currently hosts an indicated and inferred mineral resource of 762,000 tonnes grading 1.8 grams per tonne for 43,100 ounces of contained gold based on previous drilling.

Classic Minerals is edging closer to cashflow after its mining license application for development of the near-surface Kat Gap gold project in WA cleared a major hurdle when Western Areas Ltd withdrew its objection to the application. Fresh from an over-subscribed $1.2 million placement earlier this week, Classic has clear air to move forward with planning to begin mining and gold production at Kat Gap next year.

ASX-listed Indonesia gold explorer and aspiring developer, Sihayo Gold, has returned solid gold assays from the first hole of a significant diamond drilling campaign at one of a surfeit of targets at its Sihayo gold project in North Sumatra. The Brisbane-based company kicked off the broad-spaced diamond program comprising 22 holes for an aggregate of 5,500m at the Hutabargot Julu epithermal gold-silver prospect last month.

ASX-listed Aurora Labs has taken receipt of major equipment to upgrade its flagship RMP-1 3D printer prototype, keeping the Perth-based industrial tech and innovation player on the path to commercialising the potentially game-changing printing device next year. The new equipment means a “fume extraction upgrade” on the prototype 3D printer can now go ahead as planned.

ASX-listed K2fly has had its Land Access, Communities and Heritage, Ground Disturbance and Rehab software K2fly Solutions certified as an Endorsed App by global business processes provider SAP. K2fly is now one of only 12 companies around the world to be endorsed by SAP whose salesforce and marketing muscle will now be let loose selling K2fly solutions across its global network.

Comet Resources has wasted no time in kicking rocks at its Barraba copper project in the New England Fold Belt region of NSW after only recently securing exploration access to the historic mining area. It has just completed an initial field program around the old high-grade Murchison copper mine and the Gulf Creek North prospect consisting of geochemical soil sampling, rock chip sampling and geological mapping.

InteliCare is continuing to expand its network across the east coast of Australia, signing a distribution agreement with Technology for Ageing and Disability ACT in the Australian Capital Territory. The contract covers initial 12-month term with the not-for-profit organisation assuming an agency role and receiving a commission from all of its InteliCare sales, which will include the company’s flagship InteliLiving and InteliCare Pro products.