Public Company News

With the electric car market about to hit the stratosphere, a resurgence of interest in wind and solar energy and the phenomenal acceptance of the Lithium powered Iphone, W.A is in the box seat when it comes to Lithium driven business opportunities. The challenge for WA’s mining glitterati is to also harness the downstream processing opportunities that arise from Lithium in addition to just mining and shipping it.

In a sign that employers are becoming increasingly wary about truth stretching job seekers, CVCheck has lifted full-year revenues by 47% to $10.43 million on the back of a growing corporate customer base. $5m in costs were stripped out of the business this year underpinning the technology company’s stated goal of breaking even in the first half of FY18.

Blackham Resources’ planned expansion of the Matilda gold mine to more than 200,000 ounces a year will see the mine churn out an annual EBITDA of more than $118m a year or 36c a share for a stock that can be bought on market today for just 28.5c a share. Blackham are predicting that the expanded mine will produce free cash of $571m or $1.74 a share assuming the $114m capex can be debt funded.

ASX-listed Shark Mitigation Systems has launched its breakthrough anti-shark technology known as “SAMS” directly into the US water sports market, rolling it out to more than 200 US surf stores. SAMS are a series of proprietary stripes that can be attached to marine apparel for the purposes of deterring a shark or camouflaging the wearer.

New assays have backed Auroch Minerals’ hunch that an ancient European Copper mine could be rich in Cobalt with expectations around the upcoming drilling program now elevated. Assays from a second round of samples from waste dumps at the Tisova mine in the Czech Republic have produced economic grades of Cobalt, Copper, Gold and Silver, including a best result of 0.69% Cobalt.

ASX listed Sky & Space Global have progressed the commercialisation of their game changing telecommunications “nano-satellites” by signing their first binding commercial contract with a wholesale customer, Sat-Space Africa. The contract provides confidence in Sky and Space’s nano-satellites and their technical capability as the company works to roll out up to 200 of the miniature orbital devices by 2020.

ASX-listed Stargroup has upwardly re-valued its legacy investment in part owned ATM machine manufacturer and supplier NeoICP after the Korean company posted a robust set of full year accounts. Stargroup has an 11.28% legacy stake in the privately owned NeoICP, which delivered revenues of AUD$23.7 million for the twelve months to June and an EBITDA of AUD$2.1m

Sky and Space Global’s game-changing “nano satellites” have successfully passed orbital testing, keeping the Perth-listed wanna-be telco on track to commence commercial revenue generation. With the orbital testing phase completed, Sky and Space’s miniature satellites will now undergo a battery of commercial testing including the facilitation of phone calls, instant messaging and data transfers.

ASX listed "internet of things" player Connected IO continues to strengthen its relationship with Verizon, with the Perth-listed company receiving its biggest ever purchase order from one of the giant US telco’s preferred distributors, Mach Networks. Management said it received the order from the machine-to-machine solutions provider for 3,000 of its modem like units, worth over $700,000.

Hammer Metals is once again punching above its weight by securing a joint venture with Glencore to explore for high-grade copper-gold adjacent to the old Mary Kathleen uranium mine in Queensland. It is Hammer’s second joint venture with a global mining heavyweight, following a deal with Newmont in late 2015 to explore for base metals elsewhere in the Mt Isa district.

The cleantech boom is taking off in Europe, led by the region’s eco-conscious citizens and indomitable car makers. Perfectly positioned is ASX-listed Auroch Minerals, which appears to have found a Cobalt treasure trove in Europe’s industrial heart. Drilling is about get underway at the historic Tisova copper mine in the Czech Republic, which was never explored for Cobalt but appears to have plenty of it.

ASX-listed Stargroup is launching a range of casino technologies targeted at the Australian gambling market that have previously been successfully rolled out in casinos across Asia. The Perth-based company says it is working closely with major Korean ATM machine and casino settlement solution manufacturer, NeoICP, to tailor the gaming solutions for the Australian market.