Public Company News

ASX-listed security surveillance company Spectur has nailed its first military order for the cutting-edge HD4 camera system after securing authorised supplier status with the Australian Department of Defence. The Department placed a $50,000 purchase order for the Perth-based company flagship security camera system and Spectur is confident of further orders for its innovative thermal camera system.

Bougainville-focused explorer Kalia has received a boost from its initial field exploration on the island, backing the company’s view about the potential for lookalikes of the giant Panguna deposit that shutdown prematurely in 1989. The first batch of field trips in the north of the island have produced multiple anomalous assays of copper and gold, with best results above the grades of the Panguna mine.

PharmAust has hit a major milestone, signing a landmark deal with US pharmaceutical giant Elanco to develop the company’s promising anti-cancer drug “Monepantel”. The deal will see Elanco supply PharmAust with high-grade Monepantel for use in clinical trials in dogs with cancer and in return Pharmaust will grant Elenco an option to negotiate a deal to take Pharmaust's IP to the global market.

Lithium Australia will take less than six months to recommission the manufacturing facility at its new acquired Very Small Particle Company. It expects to be producing world-leading cathode materials by July. The rapid re-start is part of an ambitious strategy to become a vertically integrated lithium business, which will also see battery grade lithium carbonate produced from 2021.

Geopacific Resources has made its second high-grade gold and silver discovery in three months at its 85%-owned Kou Sa project in northern Cambodia and found more evidence that a large epithermal mineral system could be nearby. The latest discovery was made by an exploration program that returned gold assays up to 32.35 g/t and silver assays up to 2,300 g/t.

Hot Chili has discovered a 12m intersection going 3.1% copper without sinking a drill hole. The company has unearthed historic drill data records that show it is on the right track with its impending maiden drill program at the El Fuego project in Chile. The company has identified in-situ ore parcels adjacent to mine workings and discovered a new hanging wall lode.

Perth-based Volt Resources is nearing the finish line for approvals on a number of fronts at its high-purity Bunyu graphite project in Tanzania. Environmental, mining and other approvals are now at an advanced stage and ready to drop according to the company. Stage two of Volt’s project could catapult it into the ranks of the world’s top tier graphite producers when operating at full tilt.

The already impressive economics of Nzuri Copper’s Kalongwe copper-cobalt project in the DRC have soared in an updated feasibility study that boosted the internal rate of return to 99% and cut the capital payback period to just 17 months. The emerging developer also released impressive project economics for a proposed stage 2 development that would take Nzuri up the cobalt value chain.

Greenland Minerals has announced a significant upgrade in its rare earth concentration grade to nearly 25% REO for the massive Kvanefjeld rare earths project in Greenland. Metallurgical test work results open up the option of direct shipping of high value concentrate, whilst lowering the operating and capital costs. The value of the concentrate per kilogram of REO exceeds commercial base metal concentrates.

Reedy Lagoon has announced an update on its drilling program for the Nevada lithium brine project in the western US. The company confirms the presence of highly conductive brines in aquifers at the target zone, with assay results pending. Drilling has intersected large volumes of volcanic rock, the source of lithium for the brines in the area and demonstrates significant wider project potential.

ASX-listed Aspire Mining has received fresh support from its giant Chinese engineering partner for a 550km railway to bring its Ovoot coking coal deposit to market in China and Russia. Under a new MOU promoted by both the Chinese and Mongolian governments, Aspire’s Chinese partner aims to finalise its feasibility study on the planned railway as early as next month.

Classic Minerals has reported that exploration and resource drilling has commenced at its Forrestania gold project, south of Southern Cross. The program aims to upgrade mineral resources for the Lady Lila and Kat Gap prospects and target a new area at Van Uden West. The company also announced it had secured further strategic tenements in the area and is finalising drill approvals for Lady Magdalene