Public Company News

Terrain Minerals continue to make good use of historic exploration data to zero in on interesting targets. A recent review of historic data at the company’s Gimlet project, which adjoins Mt Ridley’s project in the Fraser Range, has unearthed an interesting gold target that looks to have never been properly tested which shows gold mineralization from 15PPB to 30PPB.

In the Lithium business it can be very profitable to own a mine, however, turning that Lithium into battery grade chemicals, commonly known as downstream processing, can be even more lucrative. Market darling Pilbara Minerals have given a hint of their medium term strategy after signing an MOU to move into the Lithium downstream processing business with the Chinese. 

Blackham Resources have identified a new source of high grade gold accessible from their existing underground infrastructure just 30m away at the Matilda Gold project in Wiluna. Latest results include 3.47 grams per tonne gold from 104m deep, 6m @ 8.99 g/t from 119m, 19m @ 6.71 g/t from 128m, 18m @ 4.88 g/t from 181m and 5m @ 10.8 g /t from the 134m mark.

MGC Pharmaceuticals have done what few other medical cannabis companies have managed to do – make money.The company received first revenues from its “MGC Derma” medical cannabis based line of anti-ageing cosmetics this week from their Californian distributor who has committed to buy 1.2m Euro's worth of product in the first year. 

ASX listed biotech PharmAust, is rapidly making its mark on the anti-cancer drug industry with its promising ant-cancer drug known as “MPL”. The company recently announced they would partner up with the same UK university that was first responsible for splitting the atom and the discovery of stem cells in their upcoming phase 2 trial of MPL in canines.

ASX listed Sky and Space Global have signed a deal with Richard Branson’s Virgin Galactic to launch a “constellation” of up to 200 of its nano-satellites into space aboard Branson’s visionary space craft “Launcher One.” Virgin Galactic created LauncherOne specifically to focus on launching nano-satellites into space in an affordable way. 

It seems that Blackham Resources can walk and chew gum at the same time. Even though the company is furiously preparing for the commencement of mining in 3 weeks at the Matilda Gold Project in Wiluna, they have still managed to add another 106 000 ounces of gold to their mining inventory since the delivery of their Definitive Feasibility Study just 4 months ago.

Many companies that list on the ASX do so with the promise of “going global” once they are listed but don't manage to live up to that promise. One recent ASX listing that looks like it might be good for its word is Perth based Shark Mitigation Systems who have just secured a contract to protect the world's best surfers with their “Clever Buoy’ shark detection technology. 

Fresh from exploration success at their Ugandan base metals play, Sipa Resources are now about to drill their highly prospective new West Australian project in the Paterson region as the wet season takes hold in Uganda. The area is attracting the interest of the majors with Rio Tinto recently agreeing to spend $60m on neighbouring Antipa Mineral's ground to earn a 75% interest.

Junior explorer Hammer Metals has accessed a little known Federal Government program to give their shareholders a tax windfall worth nearly half a cent per share. Hammer successfully applied for inclusion in the federal Government’s “Exploration Development Incentive Scheme” which effectively allows exploration companies to pass on some tax losses to their shareholders. 

Perth based Pharmaust has received a $250k Federal grant to conduct a research program into a little known illness known as Leishmaniasis disease. They will work in partnership with a Swiss not for profit who will retain rights to any drugs produced for humans with Pharmaust retaining the rights to any drugs developed that cure Leishmaniasis in animals. 

Sipa Resources might be onto something at their Akelikongo Nickel/Copper prospect in Uganda. The company recently completed a 12 hole RC drilling program returning solid numbers across very wide intercepts at the project, many of which start from surface. With mineralized intersections up to 120m thick, if they find something at Akelikongo it is likely to be damn big.