Public Company News

Greenland Minerals and Energy is inching closer to commencing building its rare earths pilot plant in Greenland after major Chinese shareholder and technical partner, Shenghe, said it will shortly select the best flotation circuit for the project, clearing the way for pilot plant operations to begin. Greenland has already produced mineral concentrates with grades approaching 25% rare earth oxides.

Terrain Minerals has commenced drilling up to 10 holes targeting cobalt, nickel, chromium, copper and gold mineralisation at the Red Mulga project near Kalbarri, Western Australia. If successful, the drill campaign will be followed up by physical airborne and/or detailed ground electromagnetic surveys to better map out the targets. Red Mulga is considered prospective for the highly sought after Cobalt.

Artemis Resources has penetrated 300m of a felsic intrusive rock during a deep drilling program, 65km south of Karratha in the Pilbara. Such intrusions “invade” the in-situ rock sequences in a hot fluid state and cause significant cracking due to the high temperatures involved and the extreme pressures. The intrusions can be the source of economic ore deposits, if they originally contained dissolved metals.

Sky and Space Global has signed an MOU with major launch services provider China Great Wall Industry Corporation to potentially launch its nano-satellites. The two companies will begin formal negotiations for a launch contract once China Great Wall’s launch capabilities have been assessed to meet Sky and Space’s technical and operational launch requirements.

Security surveillance company Spectur has reported an 86% increase in revenues for the 2018 financial year to $2.48m on the back of a successful east coast expansion strategy. Spectur rents and sells wireless solar security cameras that have a number of unique abilities. Annualised recurring revenues, which the company considers as a buffer against the fixed costs of its operations, exceed $1.2m.

ASX listed Babylon Pump & Power has secured a contract valued at $1.1m from Adenco for the supply, installation and maintenance of new power generators to BHP Billiton’s Area C Surplus Water Pipeline Project in Western Australia. The order is an endorsement of the company’s strategy to add power generation to its suite of pumping services and products.

ASX listed biotech Phylogica will start animal testing of its cell penetrating Peptide’s ability to deliver proof of concept enzyme Cre drugs across cell walls into a diseased cell this month. The company has also started large scale screening of its drug library to find more peptides that can target the insides of specific cells and deliver drug cargoes with different properties.

Galena Mining’s targeting of the “apron zone” at its Abra project near Meekatharra will have shareholders pulses racing, after the company intercepted a 15.4m drill section grading 25.9% lead and 74g/t silver from 519m down-hole, including 7.7m at 41.7% lead and 116g/t silver from 525.7m. Drilling also intersected 8.0m @ 9.5g/t gold, 1.4% lead, 0.6% copper and 77g/t silver from 706m in the same hole.

Hot Chili has announced the discovery of multiple large copper exploration targets during a reconnaissance mapping and sampling program, near its San Antonio prospect area in Chile. Surface sampling produced results up to 6.5% copper, 1.97 g/t gold and 24.3g/t silver. The company also said an RC drilling program at San Antonio was progressing well, with assay results from priority holes containing visible copper sulphides due shortly.

The Dewrang target is now the highest priority target for Auroch Minerals’ upcoming drill campaign after a ground induced polarisation survey returned a chargeability anomaly twice the size of that of the Grainger zinc target. Exploration drilling targeting highly-prospective copper, zinc and gold at the Bonaventura Project in South Australia will start in the third quarter.

BlackEarth Minerals has reported outstanding mineralogical results for its Razafy graphite prospect in southern Madagascar, with a significant proportion of the samples being classified as “super jumbo” flake, which currently attract premium prices of nearly A$3,600 per tonne. The company also said that drilling at the Haja prospect, 2km south of Razafy, has intersected wide zones of graphitic schist, enhancing the Maniry project’s prospectivity.

Tech play Connected IO received combined cash receipts and accrued revenues of $998,000 in the June 2018 quarter with another $650,000 in purchase orders on the books yet to be invoiced. The company expects these results to scale up in the second half of 2018 on the back of its strategic relationships with major US customers.