Public Company News

Poseidon Nickel has given Lithium Australia access to a major processing plant at Lake Johnston and accelerated its push into Lithium processing with Lithium Australia's breakthrough Sileach technology. Under an MOU signed this week, the companies will look to jointly explore their tenements and evaluate processing opportunities using technology belonging to both companies.

Newly listed Calima Energy has boosted its acreage in the liquids-rich Montney oil and gas basin in Canada by 27% or 13,700 acres, establishing it is a significant new player in one of Canada’s hottest oil and gas regions. The additional acreage is immediately adjacent to Calima’s existing ground and was the result of some fortuitous bidding at a recent Government auction.

The deal-making skill that helped make Neometals become the first of a new breed of Australian Lithium producers has come to the fore once again. The ASX-listed company has landed a Serbian steel mill as its first licensed customer for the company’s “Neomet” mineral processing technology. The agreement will see Neometals use the deal as a showcase for a planned rollout of the technology worldwide

ASX-listed biotech PharmAust has been granted a core patent in Europe relating to the use of “aminoacetonitrile derivatives” as potent kinase inhibitors for the treatment of cancer. The patent is another positive step for Perth-based company in shoring up its global IP protections. It follows the granting of similar patents in key markets including the US, Australia and China.

Connected IO has unveiled a range of cutting-edge WiFi routers targeted at the multi-trillion dollar "Internet of Things" sector with applications that include digital signage, point of sale, vending machines and security. The ASX junior said despite only launching its new range this week, it had already received significant early demand for the new devices which are targeted at large, enterprise level customers

Fresh from success at the giant Mt Marion Lithium project, Neometals have turned their attention to their other sleeping giant, the world-class Barrambie Titanium-Vanadium project near Cue in W.A. With the Titanium price jumping by 50% recently, Chinese Titanium producers are screaming for feedstock, creating a potential opportunity for Neometals to cash in via a direct shipping operation.

With Stage 1 of the giant Pilgangoora Lithium mine racing ahead, Pilbara Minerals has stepped up work on expansion plans that could make the project the world’s largest Lithium mine. The ASX-listed Lithium developer yesterday announced it had awarded further key contracts, including power generation and was reworking its expansion plans to boost Stage 2 capacity from 4Mtpa to 5Mtpa.

Connected IO’s relationship with US telco giant Verizon continues to deepen, with the ASX-listed tech company locking in another customer referred from Verizon. In-vehicle video system supplier Rosco Vision Systems has committed to integrating Connected IO’s cellular and cloud based device management solutions into its in-vehicle technology used in emergency vehicles, buses, taxis and fleet vehicles.

Calima Energy’s neighbour in Canada’s prolific Montney oil and gas basin has added fuel to the buzz around newly listed Calima by disclosing it expects an internal rate of return of up to 80% on its liquids-rich wells right next door to the ASX junior’s acreage. The news comes as Calima moves to commission a 3D seismic survey and acquire a rich database of wells in the region

Pilbara Minerals are on the verge of cash flow from the massive Pilgangoora Lithium mine after awarding a contract to MACA to commence mining. Lithium prices have soared since Pilbara predicted the mine would make $121m a year and possibly up to $245m a year if they can expand mine throughput from 2mt a year to 4mt a year. The project boasts 156m tonnes grading 1.25% Lithium Oxide.

Peppermint Innovation has inked a deal with a leading Philippines distribution network, paving the way for the possible roll out of the Perth-based company’s mobile payments technology to around 200,000 members. Network members will be able to accept money from their own networks of people who wish to pay their household bills, transfer money to others or even load up some mobile phone air time.

Sky and Space Global have hit a critical milestone in their efforts to revolutionise the telecommunications industry by becoming the first-ever company to facilitate a voice call based on disruptive nano-satellite technology. The landmark achievement now allows Sky and Space to progress the rollout out of their 200 strong, full nano-satellite constellation and rush headlong into commercialisation.