Public Company News

Perth listed Connected IO continues to cement its relationship with US telco Verizon. The company announced this week the securing of new purchase orders for its “internet of things” services and products from two of the US telco giant’s enterprise customers. The repeat orders, from the State of Nebraska and a US security firm, are worth more than $AUD205,000.

Troy Resources have delivered some good news for shareholders with the company’s first ore-grade hits from exploration outside of the Karouni mine area in South America. The encouraging gold intercepts validate the targeting work by Troy’s exploration team last year and support the view that Karouni could be just the start for the Perth-based gold producer.

Lithium Australia’s high hopes for their lithium clay joint venture in Mexico have been confirmed after their first drill hole at the project hit Lithium. The company, in partnership with Alix Resources, are targeting a thick bed of sediments over a strike length of five kms, right next door to Bacanora Minerals’ La Ventanathe project, considered to be the world’s largest Lithium clay deposit.

LWP Technologies has moved to safeguard its game changing fly-ash-based proppant technology for oil and gas producers by lodging a second patent in the US. Proppants are often the single largest cost item in the fracking of an oil and gas well. They lodge in the tiny fractures created during the operation in order to keep the fracture open to facilitate the flow of oil and gas. 

Legend Mining’s search for another Nova-Bollinger style deposit in the Fraser Range has entered a new stage with the start of a 50-hole aircore drilling program. The wide-spaced program will add to results from a technologically advanced round of electromagnetic surveys and help define targets for the next stage of diamond drilling.

Lithium Australia’s unquenchable appetite for Lithium feedstock is taking it into two virgin areas with hopes of opening up entirely new Lithium provinces.  The company has acquired tenements in WA’s Gascoyne region along strike from the Nardoo pegmatite district and permits inland from Cairns where there is no history of Lithium exploration but plenty of exciting indicators exist.

ASX listed Connected IO continues to forge ahead in the multi-trillion dollar internet of things sector, securing a purchase order from US electronics giant Arrow Electronics for its cutting-edge wireless modem devices.  The order will see the company’s products available through Arrow’s 465 offices across 90 countries.

ASX listed Online screening and verification company CVCheck has posted record revenue for the fiscal third quarter driven by sustained user growth and a continued surge in corporate customers. The company expects the strong run of revenue growth to continue in Q4 FY17 and is predicting to be at breakeven by year end.

Pilbara Minerals’ giant Pilgangoora Lithium deposit just keeps getting better, with 10 tonnes of bulk samples from the Central pit area returning an average grade of more than 2% Lithium. The news of exceptional in-situ grades comes as Pilbara finalises a direct shipping offtake agreement and a mining proposal for a 2Mtpa development.

Blackham Resources have identified two new high-grade zones at the Golden Age mine at the Matilda Gold project, with intercepts ranging up to 118 g/t gold. The discoveries are set to provide a welcome boost to the underground mine plan and follow a return to full open pit operations after delays caused by unseasonal wet weather.

Northern Minerals will build Australia’s first heavy rare earths mine at Browns Range in WA after board approval this week for the $56 million development. The mine will be a pilot project operating at about 10% of the scale of a proposed full scale development and will focus on production of “Dysprosium”, a key component of permanent magnets used in large electric motors.

Auroch Minerals have boosted their cash balance to $8m after banking another $1.3m in delayed funds from the sale of their Mozambique project to Xtract Resources last year. With only 85m shares on issue and a burgeoning bank balance, Auroch are something of a rarity in the small cap exploration space.