Public Company News

Radiopharm Theranostics revealed the results of a clinical study of its cutting-edge imaging agent, 68Ga-RAD 301 on 44 pancreatic cancer patients – using its the biggest cohort yet – which delivered strong results. Importantly, the visual response was excellent with a high tumour-to-background ratio and no adverse events were recorded, which, according to the company, suggests RAD301 is a suitable and safe diagnostic agent for imaging αvβ6-protein expression in pancreatic cancer.

Lycaon Resources has begun early stage earthworks as part of a maiden assault on the company’s Stansmore niobium-rare earths and iron-oxide copper-gold target in WA’s West Arunta region.

Estrella Resources has uncovered not one but two supergene manganese discoveries at its Lautém project in Timor-Leste. The reportedly high-grade manganese assets were uncovered using the company’s predictive modelling of its prospective Noni rock formations. Estrella says its Ira Miri and Sica discoveries are around 4.5km apart just outside the town of Lautém and feature some of the highest-grade rock chips sampled to date.

This week’s Bulls N’ Bears Runner of the Week is … NoviqTech. The blockchain powered ledger technology and carbon footprint monitoring company shot up 172% on Friday following a “strategic placement” to cryptocurrency heavyweights including blockchain investor, European politician and High Stakes Poker TV-personality ‘Tony G’.

Empire Energy Group is a step closer to launching a nine-hole drill program at its Carpentaria pilot project in the Northern Territory, having secured key environmental approvals and a production licence for up to 12 wells. The Ensign #965 rig is onsite and ready to start drilling the Carpentaria-5H well imminently, with Halliburton contracted for hydraulic fracture stimulation.

ChemX Materials has been awarded nearly $662,000 by the Federal Government through a research and development rebate for its pioneering chemistry-focussed, patented high-purity alumina research. The cash boost is some $100,000 more than the company was originally estimated to receive under its R&D grant eligibility and will be directed to help drive its 24-tonne per annum HPA pilot plant development in WA.

Suvo Strategic Minerals has received $380,236 from the Federal government for R & D work on its low carbon cement research under the Federal Government’s R&D Incentive Scheme. The Perth-based company’s licensed proprietary “Colliecrete” technology has achieved a greenhouse gas emissions reduction of about 50 per cent compared to ordinary Portland cement.

Larvotto Resources has gained membership of a consortium that provides a gateway to seek funding from and supply products to organizations associated with the US Defence Department. Larvotto says its Hillgrove project in NSW is capable of supplying 7 per cent of the world’s antimony needs, a highly sort after metal that is used in the manufacturing of ammunition.

Horizon Minerals has kicked off mining activities at its Phillips Find gold project outside Kalgoorlie in Western Australia. Pre-strip mining operations are underway at the joint venture with first gold ore expected to be mined from the Newhaven and Newminster open pits at the project by next month.

Thunderbird Resources has slipped into prime gold-antimony territory in NSW with its imminent acquisition of two exploration licences, one of which partly encloses Larvotto Resources’ Hillgrove project. Hillgrove hosts Australia’s largest antimony deposit, with a mineral resource of 7.3 million tonnes going 4.4g/t gold and 1.3 per cent antimony for about 1.04 million ounces of gold and 93,000 tonnes of antimony

BMG Resources is preparing to probe high-grade gold zones at its Abercromby gold project in a round of extensional drilling designed to expand the company’s current maiden 518,000 ounce gold resource at Wiluna. The program was flagged two weeks ago following the company’s successful $1.5 million capital raise from sophisticated and institutional investors and it is now fully-funded to complete expansion drilling at Abercromby and to progress development studies.

In a masterclass of timing, Octava Minerals will start a 3000m drill program next week at its Yallalong antimony project, 220km from Geraldton, WA, just as the metal price hits an all-time high of $30,000/t. The campaign will initially target the Discovery and Central zones which have already secured heritage clearance, while the company also completes a geophysical survey.