Public Company News

ASX listed Sky and Space Global have provided their best validation yet that their innovative technology based on miniature satellites might actually work when it launches next year after the company was awarded a global technology award this week. The prestigious award was bestowed on them by global consulting and market research firm Frost & Sullivan.  

ASX-listed financial payments player Stargroup is on track to deliver its 12th consecutive quarter of record revenue after posting yet another ground-breaking month in October. Stargroup, who have over 350 ATMs across Australia, said their best-ever monthly revenues were laregely driven by the ATM hardware and software sales division.

In the public company world it's often said that it’s easier to get a promise of a cheque from the Chinese than the actual cheque itself, which sometimes never arrives. No such problem however for the George Bauk led Northern Minerals who now look set to create the first significant heavy rare earths mine outside of China after their Chinese shareholder showed them the colour of their money.

The Browns Range heavy rare earths project got a shot in the arm this week courtesy of a $1.76m federal Government R&D cheque with a $9m cheque from Chinese investors just days away.  Investors are also starting to give the company credit for its trailblazing resources play, with the share price nearly tripling in recent months. 

Rapidly expanding Stargroup continues to set a cracking pace, with the financial payments player gearing up for further acquisitions after completing due dilligence for its recent $6.5m take out of Indue. The Perth-based company announced this week it had also secured a new debt facility of up to $15m to fund the deal and other potential acquisitions.

Shark Mitigation Systems’ Clever Buoy will be put to the ultimate test by the NSW Government in a move that could trigger a global sales boom for the Perth-based company. NSW Minister for Primary Industries, Niall Blair, announced this week that his department would team up with the University of Technology in Sydney to conduct a field trial of the Clever Buoy.

Pilbara Minerals have snapped up the 300-person Roy Hill Rail Camp in a deal that symbolises the emergence of Lithium as the new iron ore of the Pilbara. The camp is surplus to Roy Hill’s needs and located only 90km south of the Pilgangoora Lithium project which means capital cost savings for Pilbara Minerals and a terrific boost to plans to fast-track development.

Lithium Australia’s goal of a new paradigm in Lithium extraction is a step closer with a successful second stage of trials of their low-cost Sileach technology. The trial, conducted by the Federal Government’s ANSTO Minerals, produced 99% pure lithium carbonate that is just one small step away from being offtake ready for Lithium battery manufacturers.

Blackham Resources’ extraordinary run of exploration success has continued, with the latest round of drilling revealing significant extensions of mineralisation at the Matilda mine near Wiluna. Another resource upgrade seems likely, just four months after a previous upgrade with the company looking to quickly convert any new resources into valuable reserves.

There appears to be no end to the giant Lithium resource at Neometals' Mt Marion project near Coolgardie with a 30% upgrade announced this week on top of a 160% boost just three months ago. The latest upgrade follows a large drilling program between July and September that returned some spectacular intercepts from a high-grade feeder zone.

Lithium Australia have shown an uncanny knack for unearthing hot lithium properties, with initial samples from their new Lake Johnston project assaying almost 4% Lithium. The company swooped on the project just a week ago in a savvy mineral rights swap deal and they have wasted no time proving that Lake Johnston has exceptional potential for a major Lithium discovery.

Legend Mining and the Creasy Group have moved into the next phase of their hunt for a Nova-Bollinger lookalike by kicking off an 80-hole aircore drilling program at the Rockford project in the Fraser Range. The 5,000-metre drill program follows news a fortnight ago of highly encouraging assay results from two diamond drill holes at the project.