Public Company News

If an ASX listed company that manages to produce 3 or 4 record quarters of revenue in a row is worth taking a closer look at, then one that manages 11 straight record revenue quarters should have investors wide eyed and sitting bolt upright. Perth based ATM machine player Stargroup just announced their 11th straight record revenue quarter.

Sipa Resources’ maiden drilling program in the lucrative Paterson mining district north of the giant Telfer mine has identified a very large gold-copper system with a strike length of more than 4km. The extensive hits have provided strong encouragement for the discovery of a deposit similar to the recent 1+ million oz finds on neighbouring tenements. 

Neometals have kicked off a big month of news by announcing plans to fast-track planning for a downstream lithium processing plant near their soon-to-be commissioned Mt Marion mine. This month is also expected to see the shipping of the first lithium concentrates, and news of yet another resource upgrade following spectacular drill results in August.

Terrain Minerals’ revival of the Great Western mine near Leonora is racing ahead, with a 30-hole drill program set to begin as soon as possible. The new drill data will fill one of the last remaining gaps in in the resource for the high-grade deposit, which Terrain expects to be the foundation of even more exploration success and growth.

The owners of low grade, uneconomic Lithium deposits around the world might end up being in the money after all given ASX listed Lithium Australia’s announcement that their much talked about, low cost method of processing Lithium might actually work. The company told the ASX today that a pilot plant trial of their “Sileach” processing technology was a resounding success.

MGC Pharmaceuticals says delivery of its Californian distribution deal for its cannabis-based skincare products is imminent.  In an operations update, the medical cannabis hopeful says it is ramping up cosmetics production at its Slovenian facility and is in advanced discussions on additional distribution agreements as it ramps up its international presence.

Stargroup look set to add the missing link to their burgeoning Automatic Teller Machine business after signing an MOU to buy the ATM machine switching, settlement and processing assets of 45 year old company Indue Limited. The debt funded acquisition which will cost $6.5m, will drop another $1.7m to Starhgroup's growing bottom line.   

Sky and Space Global has taken another step towards the launch of its innovative nano-satellite communications network, firming up its technical offering by gaining approval from the UK Ministry of Defence to use its UHF frequency. The company's share price recently jumped 44% in a singe day as the project looks more and more likely to come to fruition. 

Hammer Metals continues to shake up the Mt Isa exploration scene with a boost to its Kalman resource the latest in a run of exceptional news. The copper equivalent grade at Kalman has jumped from 1.3% to 1.8% following recent successful drilling and Hammer believes the deposit, which is open along strike and down plunge, still has more to offer.

American global electronics magazine EE Times has added a company that was backdoor listed in Perth to its highly anticipated annual list of hot tech start-ups to watch. ASX listed Weebit, that was recently backdoor listed into Radar Iron by Nedlands based corporate advisory firm Armada Capital, has made the EE Times “Silicon 60” list this year.

Blackham Resources has provided some certainty for investors by locking in forward gold sales at near record prices for part of its production from the 100,000+ oz-per annum Matilda gold project. More than 1/3rd of gold sales over the next 18 months are locked away providing Blackham with a solid foundation to launch big expansion plans.

MGC Pharma and The University of Sydney have released a new report on the clinically proven benefits of medicinal cannabis in a bid to increase its acceptance and draw attention to its potential medical benefits. More than 100 studies are currently underway which will provide a base load of clinical evidence for doctors and patients.