Public Company News

Babylon Pump & Power’s strategy of adding broader maintenance works to its suite of pump rental services has led to it securing another $1m worth of contracts with work to start immediately. The company said customer engagement continues to be encouraging with a growing pipeline of diesel engine maintenance, pumping solutions and power generation work.

In vivo experiments have shown that Phylogica’s cell penetrating peptide vaccine can trigger the immune system in mice to create defensive CD8+ T-cells at much higher levels than the current best in class product, CPP TAT. The CD8+ T-cells were also able to recognise and kill the target cells which expressed the triggering antigen with a high degree of efficiency.

Northern Minerals processing plant for the Browns Range heavy rare earths project in the Kimberley region was officially opened last week. The company will now commence commercial production of heavy rare earth carbonate for export. The project is 100% owned by the Northern Minerals who has a dominant tenement position in the Browns Range region that still has significant exploration upside potential.

Peppermint Innovation has signed a partnership agreement with leading Philippines non-bank remittance payout provider, Direct Agent 5 that provides a windo of opportunity into the Filipino remittance market that is worth more than USD$1bn. Peppermint will tap Direct Agent 5’s extensive network in the Philippines, which covers more than 1000 locations, to payout remittances for its customers.

Altech Chemicals has reported that German engineering contractor SMS group has completed site works ahead of construction of its large HPA plant in Johor State, in southern Malaysia. When fully operational, the plant will produce up to 4,500 tonnes of HPA annually, with the product being used in high tech applications such as LED lighting, separators in lithium-ion batteries and advanced mobile phone technology.

CVCheck has posted record revenues of $3.4m for the fourth quarter of the 2018 financial year, up 25% from the previous corresponding quarter, whilst full year revenues were up 20% to $12.5m. This was due to 36% growth in the corporate and SME segments and a surge in New Zealand Children’s Worker Safety Checks.

Venus Metals has reached an agreement under which lithium company Lepidico can earn up to 80% of the lithium rights at the Youanmi project by completing a full Feasibility Study leading to a Decision to Mine. Venus will receive $170,000 in cash and Lepidico shares for a 12 month exploration option and a further $350,000 in cash and scrip on signing a joint venture deal.

Spectrum Rare Earths has reported success from its first underground diamond drill hole at the Washington gold project in northern California. Visible gold with base metal sulphides were identified from drill core intersecting the prized Dean vein, with assays pending. The short drilling campaign is part of a wider due diligence process at the decommissioned mine, where the company has secured a 3-month exclusive option.

Artemis Resources’ has hit a number of exciting multi-mineral drill intersections including 6.5m @ 23.44g/t gold, 2.32% cobalt and 10.35% copper from 47m down-hole at its Carlow Castle project in the Pilbara, W.A. The infill drilling campaign is designed to increase resource definition and has been expanded to further test the project, which remains open along strike and at depth.

Having locked away its iron ore resource in the Pilbara, Coziron Resources has now shifted gear to focus on the systematic exploration of its impressive W.A. gold and vanadium projects. The company intends to concentrate on its large Buddadoo vanadium project in the Midwest and it will also look to prove up the highly prospective Croyden Top-Camp gold project, an advanced exploration play in the western Pilbara.

Blackham Resources has estimated a free milling mineral resource of 33.6Mt @ 0.57g/t, for 620,000oz of contained gold, within the tailings at its Wiluna Project in W.A. Work is underway to potentially enhance gold recovery along with confirming potential mining and processing options that may be integrated into Blackham’s future operations.

King River Copper has announced outstanding results from hydrometallurgical test work completed on its flagship Speewah vanadium/titanium deposit, south of Kununurra in W.A. The company reported that it had managed to produce the coveted grade of 99.51% pure vanadium pentoxide. The test work is examining a new direct leaching-precipitation method to make premium vanadium, titanium and iron products from the Speewah deposit ores.