Public Company News

Altech Chemicals has been invited by the Saxony State Government in east Germany, to consider building a second HPA plant to lever off the burgeoning lithium-ion battery and EV manufacturing hub in that region. Saxony is one of the leading vehicle construction areas in Germany, with Volkswagen, BMW, Porsche and Daimler all operating plants in the State.

Lithium Australia has created an innovative new process that could potentially revolutionise the lithium battery recycling space. The company recently recovered lithium, nickel and cobalt from spent batteries during a trial. The process is able to salvage valuable metals normally sent to landfill and potentially “close the loop” for the lithium battery manufacturing industry.

Big River has cashed in its Meteoric shares for a cool $2.75m, issued as part of the sale consideration for its Juruena and Novo Astro projects in central Brazil in May. The company will now utilise the funds to progress exploration and resource development drilling at its Borborema gold project, where a DFS is underway.

Perth-based Horizon Minerals has completed its agreement with Kingswest Resources to fully divest its interest in the Menzies and Goongarrie gold projects, located north of Kalgoorlie in Western Australia. Horizon will receive a total consideration of some AUD$8 million for Kingswest’s acquisition of 38 mining, prospecting and exploration licenses.

Adriatic Metals has brought in Paul Cronin, one of its founders, to run the company and progress its outstanding multi-metals project in Bosnia. As a founding shareholder, Cronin has intimate knowledge of the project and the jurisdiction and therefore well placed to take it to the next level. Cronin, Eric De-Mori and Miloš Bošnjakovic originally floated Adriatic.

MGC Pharmaceuticals has expanded the number of patients now prescribing for or being processed to receive prescriptions of its medical cannabis-based pharmaceutical products in Australia and the UK to beyond 200. The company said that the key milestone readily demonstrates its strengthening position in those markets to meet the demand for its proprietary standardised, affordable medicines on a global scale.

Spectrum Metals continues its run of solid drilling success at its Penny North gold prospect located 25km south of the Youanmi mining centre in Western Australia. New drilling showed that the mineralised zones at Penny North are harbouring ounce plus dirt with drill hits including 2m at 32.5 g/t gold from 322m within a wider 6 meter intercept grading 11.1 g/t.

ClearVue Technologies has doubled the area of its insulated glass units, significantly growing sales opportunities for the ClearVue PV product range, which should allow architects and façade engineers much greater flexibility in design work for aesthetic purposes. New batches of the panel are being readied for production, with the company aiming to generate over 60 Watts from a single panel in upcoming prototypes.

Blackstone Minerals has unearthed a slew of platinum group metal credits amongst its nickel drill results that could redefine its Ta Khoa project. The company recently reported a 45.5m drill intersection grading 1.2% nickel with a surprising 0.35 grams per tonne platinum, palladium plus gold that could potentially redefine the economics of the company’s nickel project in Vietnam.

Infinity Lithium has completed a $1.5m placement, with two directors cutting their own cheques to help fund a DFS for its San José lithium project, located in western Spain. Back in August, the company delivered an outstanding pre-feasibility study for the integrated lithium project, revealing that the operation will throw up a pre-tax, net present value of USD$860m at an internal rate of return of 42%.

Troy Resources has discovered more near-surface gold at its Ohio and Hicks prospects in South America. Resource evaluation has commenced, with the company now optimistic that the new prospects could develop into future ore sources. Impressive gold hits such as 12m @ 14.99 g/t gold from 35m at Hicks and a growing mineralised footprint over 950m at Ohio are creating a sense of excitement around these new prospects.

Novo Resources has completed successful gold processing trials using innovative ore sorting technology at its emerging Egina gold project near Port Hedland in the Pilbara region of WA. The company used a combination of physical and mechanical dry ore sorting and processing techniques to separate coarse gold nuggets from waste materials in test work completed in Germany.