Public Company News

Reimagined explorer Lithium Universe Limited will use artificial intelligence to assimilate imagery and data to assist development and optimisation of its exploration strategy at its Apollo lithium project in Canada. The company will use its AI information in concert with other geological data as part of an initial goal to fast-track exploration in its high-latitude project environment, where field-time has traditionally been restricted by the seasons.

ABx Group has started a new 18-hole campaign to see if it can expand on a recent 11m-thick hit at 1700ppm total rare earth oxides at its promising Deep Leads prospect in Northern Tasmania. It says the RC program will target the northern section of its exploration area near the recent rare earths hit in a bid to find similar thickness and enrichments.

Venture Minerals has engaged Curtin University to start stage-two metallurgical testwork on its tin-rich Mount Lindsay borates. The testing follows the CSIRO’s stage-one investigation into the extraction of tin, boron and iron from tin-iron borates, conducted in a bid to enhance tin recovery and produce a high-value boron byproduct to add another revenue stream to the project.

Everest Metals has planted its foot on an extensive multi-commodity area of ground with its recent grant of six new exploration licences covering 3421 square kilometres. They are part of 15 applications in two new project areas, which have distinct but complementary polymetallic characteristics in the Georgina and Amadeus Basins, centred on Alice Springs in the Northern Territory.

Surefire Resources has sealed a pivotal memorandum of understanding with the Kingdom of Saudi Arabia, where it will now process ore from its Victory Bore vanadium and high-purity alumina project in WA.

Positive new data has renewed the confidence of Chimeric Therapeutics in its pathway towards treating multiple types of cancer with its next generation armoured natural killer cell platform, “CHM0301”. The platform, which is being evaluated in its first clinical trial, has shown positive in vitro results in modelling human acute myeloid leukaemia and colorectal cancer by overcoming the resistance created by a tumour’s microenvironment.

Recent surveys by PolarX at its Humboldt Range claims area in Nevada have identified several geophysical anomalies coinciding with surface gold anomalies and faults within both its Black Canyon and Fourth of July projects. At Black Canyon, the survey has extended the priority drill target out to 2.7km of strike, coincident with the Rochester Rhyolite Formation – a known gold-silver host.

Buru Energy is $5 million richer after selling the remaining share of its Carnarvon Basin acreage to Energy Resources and will now move towards developing its Rafael gas-condensate field in the Canning Basin. The company plans to develop its field with a two-phased approach and will supply gas to the Kimberley, in addition to blue-methane and ammonia.

Lithium Universe has made a roaring start to listing on the ASX, with its share price touching 6.3 cents during intraday trading after it raised its maximum subscription of $4.5 million and opened at just 2c. Nearly two-thirds of the money the company raised in its IPO changed hands throughout the day with a volume of almost 57 million shares being moved.

Just a week into its pivotal deal with global IVF provider Vitrolife, reproductive biotechnology company Memphasys has already received its first order to put its patented Felix system into clinics in Japan. Last week, Memphasys revealed it had opened a new door by signing an exclusive five-year distribution deal with Vitrolife Japan KK – a subsidiary of the world-renowned Vitrolife Group.

On the back of a strong scoping study last year, Perth-based company Toro Energy has commissioned a pilot processing plant design and added vanadium to its Wiluna uranium project in Western Australia’s Goldfields region. The study into a standalone operation at its Lake Maitland deposit holds a pre-tax net present value of $610 million and a total capital cost of $270 million.

Reach Resources’ maiden drill campaign for lithium has begun at its Bonzer pegmatite field in WA’s Gascoyne region, with some 2500m of reverse-circulation drilling and about 2000m of diamond drillhole work. The campaign has been designed to target soil sampling and rock chip lithium anomalies, the lithium grade, the size of the mapped surface pegmatites and any others that may occur in the sub-surface.