Public Company News

Connected IO has unveiled a range of cutting-edge WiFi routers targeted at the multi-trillion dollar "Internet of Things" sector with applications that include digital signage, point of sale, vending machines and security. The ASX junior said despite only launching its new range this week, it had already received significant early demand for the new devices which are targeted at large, enterprise level customers

Fresh from success at the giant Mt Marion Lithium project, Neometals have turned their attention to their other sleeping giant, the world-class Barrambie Titanium-Vanadium project near Cue in W.A. With the Titanium price jumping by 50% recently, Chinese Titanium producers are screaming for feedstock, creating a potential opportunity for Neometals to cash in via a direct shipping operation.

With Stage 1 of the giant Pilgangoora Lithium mine racing ahead, Pilbara Minerals has stepped up work on expansion plans that could make the project the world’s largest Lithium mine. The ASX-listed Lithium developer yesterday announced it had awarded further key contracts, including power generation and was reworking its expansion plans to boost Stage 2 capacity from 4Mtpa to 5Mtpa.

Connected IO’s relationship with US telco giant Verizon continues to deepen, with the ASX-listed tech company locking in another customer referred from Verizon. In-vehicle video system supplier Rosco Vision Systems has committed to integrating Connected IO’s cellular and cloud based device management solutions into its in-vehicle technology used in emergency vehicles, buses, taxis and fleet vehicles.

Calima Energy’s neighbour in Canada’s prolific Montney oil and gas basin has added fuel to the buzz around newly listed Calima by disclosing it expects an internal rate of return of up to 80% on its liquids-rich wells right next door to the ASX junior’s acreage. The news comes as Calima moves to commission a 3D seismic survey and acquire a rich database of wells in the region

Pilbara Minerals are on the verge of cash flow from the massive Pilgangoora Lithium mine after awarding a contract to MACA to commence mining. Lithium prices have soared since Pilbara predicted the mine would make $121m a year and possibly up to $245m a year if they can expand mine throughput from 2mt a year to 4mt a year. The project boasts 156m tonnes grading 1.25% Lithium Oxide.

Peppermint Innovation has inked a deal with a leading Philippines distribution network, paving the way for the possible roll out of the Perth-based company’s mobile payments technology to around 200,000 members. Network members will be able to accept money from their own networks of people who wish to pay their household bills, transfer money to others or even load up some mobile phone air time.

Sky and Space Global have hit a critical milestone in their efforts to revolutionise the telecommunications industry by becoming the first-ever company to facilitate a voice call based on disruptive nano-satellite technology. The landmark achievement now allows Sky and Space to progress the rollout out of their 200 strong, full nano-satellite constellation and rush headlong into commercialisation.

A drilling blitz by Calidus Resources in the so-called Gap Zone at the Warrawoona gold project near Marble Bar has produced a lovely set of numbers for the rapidly developing gold explorer. Calidus now have a 2.6km gold mineralized system on their hands in the East Pilbara that is still open at depth and along strike in both directions. Recent hits include 17m @ 2.54 g/t, 8m @ 4.68 g/t and 9m @ 2.67 g/t.

ASX-listed Nzuri Copper have carved out an enviable position alongside Robert Friedland’s Ivanhoe Mines and their world-beating copper discovery in the Congo. The ASX listed junior is racing towards a development decision for its own Copper-Cobalt project discovered just 15km from Friedman’s miraculous 1 billion tonne copper deposit. Nzuri are also farming into Ivanhoe's ground in a JV partnership.

Auroch Minerals high-impact, deep-drilling exploration program in Portugal for giant copper-zinc deposits has hit encouraging rocks on the way to its target depth of more than 1,000 metres. The aggressive junior explorer reported it had hit sulphidic, highly deformed sediments, which are characteristic of the rocks hosting the “supergiant” Neves Corvo deposit just 20 kms along strike.

Perth-listed biotech PharmAust has signed a deal with a leading Japanese chemical company that will give the ASX listed company rights to a library of 50 patents over promising anti-cancer agents. The new patents will complement the development of PharmAust’s main anti-cancer drug Monepantel, which has already shown positive results in fighting cancer.