Public Company News

A string of major contract wins with mining heavyweights Rio Tinto, Mineral Resources, Anglo America and ArcelorMittal Mining UK has seen mining software provider K2fly achieve record highs for the December quarter in its core financial metrics. Sales of $2.8 million for the quarter were up 33 per cent from the same period last year and the company also hit historic highs in the all important “annual recurring revenue” metric.

Venus Metals has highlighted a raft of high-priority rare earth targets at its Mangaroon North project in the Gascoyne region of WA following positive results from a recent reconnaissance field sampling program. The explorer collected 299 soil samples and 84 rock chip samples in addition to re-analysing 66 previous soil samples with results showing up to 2136 parts-per-million total rare earth oxides and 232ppm neodymium oxide.

ASX-listed explorer Godolphin Resources has launched detailed ground magnetic survey works at its wholly owned Cyclops, Yeoval East and Goodrich copper-gold prospects near the Yeoval township in central west NSW. The assets have yet to be tested using modern exploration methods and data from the campaigns will flow into a host of upcoming drill campaigns.

Chimeric Therapeutics says all patients in a third cohort of its phase 1A CHM 1101 cell therapy clinical trial have advanced past the 28-day follow-up period without experiencing dose-limiting toxicities. In December the company completed the planned medicating of its third dose cohort as part of its study evaluating the safety of its CHM 1101 cell therapy to treat glioblastoma.

Buru Energy’s wholly owned, natural hydrogen-focussed subsidiary 2H Resources could soon evaluate a roughly 30,000 square kilometre ground position in South Australia after an independent assessment by RISC Advisory deemed the zone prospective for a best estimate resource of 343 million kilograms of hydrogen. The company says the site is geologically on trend with historical natural hydrogen discoveries within Adelaide’s Geosyncline.

Infinity Lithium’s San José lithium project near the city of Cáceres in Spain has been given a boost after a local court ruling confirmed extraction activity and industrial development is allowed in key project areas. The company says the Contentious Administrative Court of Cáceres has ratified the correct granting of an Investigation Permit Ampliación Valdeflórez to Infinity subsidiary Extremadura New Energies.

ASX-listed Aruma Resources has appointed Glenn Grayson as the company’s new Managing Director where he will be responsible for its ongoing exploration strategy effective from today. Grayson replaces Aruma stalwart Peter Schwann who has led the company since it listed in 2010 and will continue to work in a capacity of a Non-Executive Director.

DiscovEx Resources has closed the book on busy December quarter headlined by an intersection of bedrock and paleochannel gold at its Spartan prospect, part of its larger Edjudina project about 250km north-east of Kalgoorlie in WA. The project sits in the southern slice of the Laverton district and is close to several major gold deposits including AngloGold Ashanti’s 10 million ounce plus Sunrise Dam mine.

Kalgoorlie Gold Mining has extended the gold mineralisation of its La Mascotte prospect near Kalgoorlie in the Goldfields region of WA at depth following positive results from its latest RC drilling campaign. The fresh assays from the company’s phase 4 drill program at the site will be used to table a maiden resource estimate that is expected to be released this quarter.

Lindian Resources is one step closer to 100 per cent ownership of its Kangankunde rare earths project in Malawi after completing the second tranche payment of $US7.5 million to former owner Rift Valley Resources. The latest figure is the second of four tranche payments with the third amount due in August this year and the fourth set for August 2026. The first portion of $US2.5 million was paid in August last year. Lindian agreed to pay Rift Valley a total of $US30 million for the project across the four tranches with $US20 million remaining.

Multi-commodity explorer CZR Resources has closed the book on a memorable 2022 after tabling several highlights in its December activities report including a monster 83 per cent increase in the tonnage of its Robe Mesa iron-ore deposit in the Pilbara region of WA. The asset now tips the scale at 45.2 million tonnes and retains its 56 per cent iron grade despite the massive inventory boost.

Chimeric Therapeutics has dosed its first patient in its phase 1B trial that is the first of its kind to test NK cells in combination with chemical compound Vactosertib in patients with advanced colorectal and blood cancers. The trial will be based on the company’s CHM 0201 off-the-shelf cell platform that successfully demonstrated safety and efficacy during clinical trials completed at the Seidman Cancer Centre in Ohio last year.