Public Company News

ASX-listed 88 Energy has received the unanimous support of the board of directors at XCD Energy after 88 Energy increased its off-market, all-scrip offer for the fellow Perth-based and Alaska-focused, small-cap oil exploration player today. If accepted, the improved offer will increase XCD security holders interest in 88 Energy post deal from 15 to 20 per cent.

ClearVue Technologies has boosted the power output of its smart solar window glass panel prototype by a massive 33 per cent to 40 watts per square metre after enlisting help from solar specialist, D2 Solar, based in San Jose in California’s Silicon Valley. The uplift in power output cannot be overstated for the ASX-listed ClearVue and may be something of a game changer.

With platinum group metals pricing reaching near record prices, Impact Minerals has re-analysed previous drilling samples from its poly-metallic Red Hill prospect in NSW and come across some remarkable numbers including 29m grading 10.9g/t 7PGM, which comprises the six platinum group metals plus gold. This near 30m zone includes copper grading 2.3%, 0.4% nickel.

Uranium developer, Deep Yellow, is backing its view that the uranium price is on the move, with significant metallurgical test work at its Namibian uranium play showing positive results that should provide a boost to the project pre-feasibility study. Deep Yellow has deep pockets too, with around $13M in the bank as at the end of Q1.

After thirteen years of research and development in advanced cathodic materials, ASX-listed Lithium Australia, via its subsidiary, the Very Small Particle Company, is about to ramp up its commercial cathode powder production. VSPC is finalising an agreement to produce 1,200 tonnes per of lithium ferro phosphate cathode powders initially in China to supply battery manufacturers to the burgeoning Chinese electric vehicle market.

The Grace prospect has come up with the numbers again for Venus Metals and its managing JV partner Rox Resources at their Youanmi South project in the Goldfields, with new results over 30 gold gram metres clearly defining a high-grade mineralised zone that sits within a wider overall series of repeating gold bearing structures that plunge to the north.

The Australian Government Foreign Investment Review Board’s rejections of Chinese investments into ASX-listed mining and exploration companies is confounding and building a looming dark cloud over a sector that often lives or dies on the back of Chinese investment. Northern Minerals lost $20m Chinese investment is a good case in point after FIRB, who looks to be captured by anti-Chinese sentiment right now, rejected that application.

The results are in for the initial laboratory test work from Lindian Resources’ maiden drilling program at its Gaoual bauxite project in Guinea, with the company declaring that it has a high-grade conglomerate bauxite play on its hands at the Bouba plateau. Lindian said the average grades from the primary Bouba plateau samples were 56% alumina and the “total available alumina” was in excess of 51% when measured at low temperatures.

Adriatic Metals has extended its Rupice high-grade poly metallic deposit in Bosnia another 20 metres at depth with a stellar intercept over nearly 9 metres running at 2.4g/t gold, 398g/t silver, 1.79% zinc, 3.16% lead, 0.35% copper and 45% barite from 368.5m down hole. The company said that this is the deepest massive sulphide intercept at the southern end of Rupice.

Chinese lithium giant Yibin Tianyi will take up a 9 per cent stake in AVZ Minerals by ploughing AUD$10.6M into a 4.5c a share placement. AVZ has also entered into an underwriting agreement to exercise listed options, potentially raising another AUD$5.3M after it tabled a stellar DFS on its giant Manono lithium project in the DRC.

Legend Mining’s Fraser Range play is getting a life of its own now with the company’s newest drill hole punching through another impressive zone of nickel-copper massive sulphides over a combined 13.5 metres, extending the emerging discovery at Mawson to nearly 400 metres in strike. Legend said the mineralisation is open to the south, northeast and east with further drill testing already underway.

Quantify Technology will supply its smart home power-points, light switches and other smart devices via distributor, Fokused, for ten new apartments in Cannington within the Velocity development that is being built under the Australian Government’s National Disability Insurance Scheme. Fokused and the design company have chosen to fit several devices to the new apartments that will effectively automate each apartment.