Public Company News

Aurora Labs has executed on a strategy to refresh its board in line with its vision to get set for the commercialisation of its 3D printing technology. Perth corporate finance player, Grant Mooney of Mooney & Partners corporate advisory is now in the Chair and COO Peter Snowsill will step up into the interim CEO role as founder and 3D printing specialist, Dave Budge moves into the role of Chief Technical Officer.

Podium Minerals’ non-executive chairman and major shareholder, Clayton Dodd has stepped up into the executive chair role in a move that is part of a plan to cut corporate overheads by $300,000 per annum whilst continuing to leverage the expertise of the existing management team. Podium’s CEO, Tom Stynes will step down but will continue to manage the company operations and Grant ‘Rocky’ Osborne has resigned as a director in support of the cuts.

Coziron Resources will soon have a diamond rig operating at its Croydon Top Camp project in WA’s Pilbara region after the company’s maiden drill program hit some notable results recently, including 8m grading 10.2 g/t gold. The maiden program was drilled on wide-spaced sections and the company says the new drilling will provide valuable structural information on the orientation of its emerging discovery.

Coronavirus willing, Hammer Metals will have the rods turning soon at its Mt Isa project in Queensland after being awarded Government grants amounting to $283,000. The windfall will fund a diamond drilling program at the Koppany copper-rare earths project and two magneto telluric surveys, one at the Kalman copper, molybdenum, gold and rhenium deposit and the second across part of the Mt Philp Breccia that is prospective for gold and copper.

Hot Chili has struck a win-win deal with the Chilean Government by accepting an offer for lease mining and processing of ore from its Productora copper-gold deposit in Chile, which will see Hot Chili realise surprise revenues from Productora way ahead of any internal planning. The company said its agreement potentially represents between US$400,000 to US$500,000 in annual payments for its 80% interest in the Productora JV.

Altech Chemicals is continuing research at the Fraunhofer Institute for Ceramic Technologies and Systems in Dresden, Germany on HPA battery applications with a focus on lithium-ion battery separator technology and the impact of alumina impurities on battery safety. Altech also said this week that construction at its Malaysian HPA plant had been suspended due to the imposition of a COVID-19 movement control order.

Infinity Lithium has managed to tap an innovative, European, public private partnership known as EIT InnoEnergy for at least AUD$1.5m in funding to support stage one of a lithium pilot plant at its San Jose lithium project in Spain. EIT InnoEnergy is the manager of the European Battery Alliance whose stated goal is a competitive and fully integrated battery manufacturing chain in Europe and preventing technological dependence on Asia.

King River Resources and its consultants are pushing hard to achieve the holy grail of high purity alumina purity levels of 99.99% ahead of the tabling of a PFS for the ASX-listed company’s giant Speewah HPA/titanium/vanadium/iron project in WA. King River recently pivoted away from titanium/vanadium/iron in favour of the highly sought after HPA product. All are present at the project.

Big River Gold is forging ahead with its efforts to develop the Borborema gold project in Brazil, despite the current global economic headwinds. With a DFS for a multi-million ounce gold project on the street and over A$3m in the bank, Big River is well placed to weather the Coronavirus storm and the prospect of potentially adding a newly identified waste by-product that is potentially saleable should change the economic dynamics.

As AVZ Minerals approaches the home straight of its definitive feasibility study, the lithium developer has revealed that the first phase of its heavy metals test work has yielded potentially saleable tin and tantalum concentrates from its Manono lithium project in the DRC. AVZ recovered a total of 63% tin at a grade of 64.1% cassiterite, using the company’s existing lithium metallurgical flow sheet.

Novo Resources has finalised the acquisition of its remaining joint venture interests from Artemis Resources in its Purdy’s Reward and 47K gold leases south of Karratha in WA’s Pilbara. Novo issued 1,640,000 shares to Artemis and paid out A$820,000 in cash consideration for the remaining interests in the leases. Sorrento Resources, Artemis’ JV partner has also been paid A$180,000 and issued with 360,000 Novo shares.

ASX-listed K2fly management has smashed its year 2 recurrent revenue targets just 9 months after picking up its “RCubed” mining software business for around $450k plus some delayed payments on the back of revenue targets being achieved. The rapidly growing ASX-listed software company said this week that its annual recurrent revenues have now hit $1.83m, representing a spectacular 247% compound annual growth rate.