Public Company News

Pilbara Minerals are studying the potential for an even larger future expansion at Pilgangoora after new success with the drill bit produced a 15% increase in Lithium reserves. The company now have enough ore to mine for 40 years at stage 1 production levels of 2Mtpa and are looking to boost the stage 2 expansion to 5Mtpa.

Pilbara Minerals’ Pilgangoora Lithium project has received the ultimate accolade in the form of a $20m investment by the Federal Government’s Clean Energy Finance Corporation. The Government finance agency emerged recently as one of several institutional investors in Pilbara’s A$130 million bond issue.

PharmAust has engaged Canadian pharmaceutical specialist BRI to reformulate its promising anti-cancer drug Monepantel in readiness for more clinical trials and commercialisation. Monepantel has already shown positive outcomes treating cancer and PharmAust are now looking to improve the taste profile and palatability of the drug.

The big wait is over for wanna-be telco, Sky and Space Global, after they successfully made contact with their 3 “nano-satellites” that were blasted into space earlier in the week. The company has successfully communicated with their miniature telecommunications satellites on 50 occasions since they were sent into orbit on June 23rd. 

Technology company Weebit Nano has embarked on the next stage of development of its new generation memory storage technology, with the company working to miniaturise its unique “ReRAM” solution.  The Perth company’s potentially game-changing ReRAM memory is faster, cheaper and needs less energy than current storage methods.

Perth-listed Neometals are making the transition from Lithium miner to battery materials technologist. The company have lodged a patent in the US to protect their unique technology that extracts Cobalt and other materials from old laptops, mobiles phones and consumer electronics at prices that would make a miner’s eyes water. 

Sky and Space Global is on the cusp of a major milestone with the launch of its first 3, potentially game-changing nano-satellites confirmed for June 23rd.  The launch represents a giant leap forward for the company that will become a base telecommunications network owner if successul, a claim that many other major telco's cant make. 

Neometals’ Mt Marion Lithium project near Coolgardie is roaring along at above nameplate capacity just months after the maiden shipment. The Perth-based lithium producer also reported in a project update that Chinese offtake partner Ganfeng Lithium was delighted with the quality of battery grade chemicals produced from the mine.

Fresh from last week’s A$132 million bond issue, Pilbara Minerals have raised another A$80 million to finalise funding for the giant Pilgangoora Lithium development near Port Hedland. One of the world’s largest proposed lithium developments right here in W.A now looks unstoppable.

MGC Pharmaceuticals has signed a distribution deal to supply its medicainal marijuana products across Slovenia, Croatia and Bosnia. The exclusive agreement with leading Slovenian laboratory supplier, Mikro+Polo, builds on positive momentum at MGC after it was given a full European licence to grow and cultivate cannabis this month.

Hammer Metals has received positive early results from a three-hole drilling program at Dronfield near Mt Isa, hitting plenty of markers associated with IOCG mineralisation and up to 5% total sulphides. Hammer are one third of the way through a three hole deep drilling program with results expected soon. 

Legend Mining shareholders have some exciting weeks ahead, with the explorer announcing plans for imminent drill tests of up to five conductors, including the monster N1 target at the Rockford project. Legend is rated by many as the best hope for a follow-up discovery to the massive Nova-Bollinger nickel-copper find in the Fraser Range.