Public Company News

Blackham Resources this week joined the select ranks of Australian gold miners with the commencement of production at their Matilda gold project in Wiluna. With 860 sq km's of tenements to explore and a stellar record of working out where the gold is hiding, it is safe to assume that Blackham’s Matilda Gold resource wont sit at 5.1m ounces for long.

Terrain Minerals, with a market cap of less than $4m and a share price of around .009c are looking to differentiate themselves from the sea of mining junior's by creating an early cashflow from their Great Western gold project near Leonora. The company has appointed a consulting metallurgist to investigate building an onsite gravity milling operation. 

If Lithium is the new iron ore for W.A, then Pilbara Minerals are potentially the new Rio Tinto. The company is already sitting on arguably the largest Lithium resource in the world and they have just dramatically expanded their footprint in the Pilgangoora lithium district by paying $8m for Dakota Minerals' neighboring Lynas Find project covering 268 sq km's. 

An 80-hole aircore drill program is set to begin at the Rockford project, widely regarded as one of our best hopes for another Nova-Bollinger discovery in the Fraser Range. Legend Mining and the Creasy Group have been prompted to undertake the big regional drilling program following encouraging assay results from their first two diamond drill holes. 

In what could be a major publicity boost for Perth head-quartered Sky and Space Global, Sir Richard Branson’s Virgin Galactic space craft carrier, Cosmic Girl, is considering utilizing the company’s breakthrough nano-satellites for its aerospace communications under an agreement signed this week. The company's share price recently doubled.

If an ASX listed company that manages to produce 3 or 4 record quarters of revenue in a row is worth taking a closer look at, then one that manages 11 straight record revenue quarters should have investors wide eyed and sitting bolt upright. Perth based ATM machine player Stargroup just announced their 11th straight record revenue quarter.

Sipa Resources’ maiden drilling program in the lucrative Paterson mining district north of the giant Telfer mine has identified a very large gold-copper system with a strike length of more than 4km. The extensive hits have provided strong encouragement for the discovery of a deposit similar to the recent 1+ million oz finds on neighbouring tenements. 

Neometals have kicked off a big month of news by announcing plans to fast-track planning for a downstream lithium processing plant near their soon-to-be commissioned Mt Marion mine. This month is also expected to see the shipping of the first lithium concentrates, and news of yet another resource upgrade following spectacular drill results in August.

Terrain Minerals’ revival of the Great Western mine near Leonora is racing ahead, with a 30-hole drill program set to begin as soon as possible. The new drill data will fill one of the last remaining gaps in in the resource for the high-grade deposit, which Terrain expects to be the foundation of even more exploration success and growth.

The owners of low grade, uneconomic Lithium deposits around the world might end up being in the money after all given ASX listed Lithium Australia’s announcement that their much talked about, low cost method of processing Lithium might actually work. The company told the ASX today that a pilot plant trial of their “Sileach” processing technology was a resounding success.

MGC Pharmaceuticals says delivery of its Californian distribution deal for its cannabis-based skincare products is imminent.  In an operations update, the medical cannabis hopeful says it is ramping up cosmetics production at its Slovenian facility and is in advanced discussions on additional distribution agreements as it ramps up its international presence.

Stargroup look set to add the missing link to their burgeoning Automatic Teller Machine business after signing an MOU to buy the ATM machine switching, settlement and processing assets of 45 year old company Indue Limited. The debt funded acquisition which will cost $6.5m, will drop another $1.7m to Starhgroup's growing bottom line.