Public Company News

Auroch Minerals have uncovered important historic drill core up to 27 years old on their Alcoutim licence in Portugal that could provide vital clues as they gear up for the next drill hole along strike from the “supergiant” Neves Corvo deposit. Directors have high hopes for the next drill location, which already boasts multiple coincident anomalies pointing to massive copper-zinc sulphides.

Perth listed Connected IO has announced it will partner with major US drone company AirShip, with the ASX-listed tech player to provide its innovative wireless solutions for use in cutting edge military and commercial unmanned aerial vehicles. Connected IO says Airship drones have already been selected by military outfits around the world to provide covert services on the battlefield.

A new study of various mining and economic scenarios relating to Terrain Minerals’ Great Western gold project near Leonora has given the ASX junior a possible fast tracked pathway to cash flow. The CSA Global study shows the project could pump out up to 36,000 ounces of gold quickly and profitably with onsite processing and would still produce positive cash flows even at AUD$1500 an ounce.

Perth listed Connected IO’s relationship with Verizon continues to gather steam, with the tech company locking away several new purchase orders via its enterprise agreement with the US telco giant. The company says the new orders augur well for growth in the period ahead as it blazes a trail in the booming global "Internet of Things" market, estimated to be worth more than USD$560bn by 2020.

Early drill results from Lithium Australia’s Ravensthorpe project, immediately west of the Mt Cattlin Lithium mine, have outlined a large, thick, flat-lying, potentially Lithium bearing Pegmatite. Assay results due next month will be highly anticipated after two key Lithium minerals, Spodumene and Lepidolite were visible in the drill chip samples.

ASX listed resume screening and verification company CVCheck has finished the financial year with revenues up 50 per cent on the back of sustained user growth and a swag of new corporate clients. The Perth based online company is aiming to get to break even by the December quarter as the corporate sector puts job seeker’s resumes to the test.

Hammer Metals’ impressive exploration skills will get a workout over the next few weeks with the start of RC drill programs at both the Kalman West and Revenue prospects in the Mt Isa mining district. Hammer will be hoping to add to a string of successes, which have attracted gold heavyweight Newmont and a Canadian cobalt specialist as joint venture partners.

Legend Mining’s tenacious search for the next Nova-Bollinger lookalike in the Fraser Range just got real after the company encountered multiple intercepts of sulphides in the first drill hole. The hits include mineralization that is similar to that found at Nova-Bollinger and investors will no doubt be sitting on the edge of their chairs whilst the results are being assayed.

Azonto Petroleum’s prospectus to raise up to $4.5 million reveals the use of an innovative method of finding liquids rich “sweet spots” in the company's new shale liquids play in the revered Montney oil and gas formation in Canada. Azonto’s ground is directly analogous to Sauaro’s ground where 32 operating wells have already been discovered. 

Stargroup has posted an incredible 14th quarter of record revenues in a row as the company completes a transformational FY17 on its journey from minor to major ATM machine industry player. In another stellar quarterly result, June quarter revenues were up 144 per cent with the company hinting they might also double their FY18 revenue guidance. 

Sky & Space Global have hit a major milestone by becoming the first company to successfully complete communications between multiple nano-satellites situated hundreds of km's apart in space. The company says its telecommunications nano-satellites are currently operating according to plan in orbit and have generated more than 60 hours of telemetry since launch.

Perth based medical research pioneer Epichem, a wholly owned subsidiary of ASX listed PharmAust, has posted record revenues for FY17 on the back of growth across all of its business divisions. PharmAust said Epichem generated a best-ever revenue result of $3.05m for the 12 months to June, up by 30 per cent when compared to the previous year.