Public Company News

Sometime in the next few weeks, ASX listed tech company, Aurora Labs, is expected to officially launch its game changing, multi-level, 3D printer that is capable of printing about 30 layers in a single pass. The company says the new printer could drastically lower the cost of 3D printing. In the next six to twelve months, Aurora is also planning to introduce a full-sized, large format 3D printer that could print up to 100 layers in a single pass.

Mongolia focussed coal developer Aspire Mining has completed a $15m financing package for its Ovoot coking coal project in the northwest of the country and is now debt free and fully funded to complete the required feasibility work. Upcoming studies will focus on a high quality, low ash, low strip ratio carve out from the Ovoot ore reserve, concentrating on extraction and processing of the premium Ovoot upper seam.

Phylogica’s biological “peptide” vaccine has performed the best in coaxing an immune response against HSV during animal testing, with 75% of the mice treated with its peptides mated to a common HSV antigen showing no detectable signs of the virus. The company will now pit its peptide vaccine against Swiss company Amal Therapeutics’ zebra CPP with results expected in the first quarter of 2019.

Southern Gold says that JV partner Bluebird Merchant Ventures has produced high recoveries of gold up to 80% and around 60% for silver, from simple gravity separation met test work at the Kochang project in South Korea. The company also said that a low CAPEX option for initial processing could result in early cash flows from the proposed Kochang operation, based on recoveries of precious metals via gravity techniques.

Calima Energy is now tantalisingly close to drilling its exciting oil and gas play in the revered Canadian Montney formation with the access road to the drill pad for its planned three well program now complete. Calima’s share price has held steadfast over the last year with only one brief foray below its floor price of 4.5c as investors choose to stay the course and await the moment of truth.

Affinity Energy and Health has signed a non-binding heads of agreement with St John of God Hospital Subiaco to identify and undertake medical cannabis research and development projects. St John has a strong focus on research and medical excellence that is expected to help Affinity underpin the commercialisation of its Australian medical cannabis strategy.

Ironbark Zinc has kicked off a helicopter-borne electromagnetic survey to gain a better understanding of the large-scale Jerangle prospect at its Captains Flat multi-element project in New South Wales. Earlier drilling by the company returned significant base metal intercepts such as 4.4m @ 12.05% zinc , which follows up on historic drill results.

Coziron Resources’ rock chip sampling program at the Croydon Top Camp project in WA’s Pilbara region has returned up to 12% copper, 2g/t gold and 0.34% cobalt at the newly named Martin prospect, which represents a drill-ready target. Sampling at the Top Camp prospect has also highlighted areas that are ready for an initial RC drilling program to delineate the subsurface rock-types and down-hole geochemistry.

Calidus Resources has confirmed that its existing 654,000 ounce Klondyke mineral resource still has legs, this week reporting significant depth extensions at the impressively mineralised gold deposit. All deep drill holes from the recent campaign returned mineralisation, peaking at 12.65 metres grading 3.25g/t gold from 253.3m down-hole. Others results were 6.97m @ 4.33g/t gold from 224m down-hole and 6.5m @ 3.43g/t from 207.8m down-hole - in separate holes.

Fraser Range explorer, Legend Mining, has unearthed two new targets from aircore drilling at its emerging Rockford project in the revered Fraser Range. The first new target defined at Rockford South returned encouraging results peaking at 3m @ 0.71% nickel and 0.04% cobalt from 40m down-hole. About 9.5km to the northeast, the company intersected anomalous copper-zinc-silver mineralisation at the Area S prospect above an electrically conductive geophysical anomaly.

Tyranna Resources has confirmed the presence of a high grade ore shoot beneath the existing pit at its Eureka gold project near Kalgoorlie, after drilling returned results including 1m @ 41.8g/t gold. Management will now complete an updated JORC mineral resource estimate before making a decision on whether to start a mining study into the feasibility of mining and toll treating at nearby mills.

UltraCharge has received further validation of its unique, cobalt-free, lithium-ion battery solution after signing a purchase agreement with Israel-based three wheel electric scooter manufacturer Roadix Urban Transportation. The company is contracted to provide a total of 16,500 batteries over a three-year period with the initial 2000 to be delivered in the first year.