Public Company News

Clinical-stage cell therapy group Chimeric Therapeutics has snapped up a US patent for its cancer fighting CLTX CAR therapies. According to the company, the United States represents the single largest global market for biopharmaceutical products and the patent will add further protection to its burgeoning roster of intellectual property. The move follows a recent patent grant for the technology in Europe.

Mining software solutions provider K2fly has released impressive second quarter results for the 2022 financial year showing strong annual recurring revenue and order book growth combined with increasing deal size. K2fly also had its largest ever contract win signing Rio Tinto to a $3.44 million contract whilst Glencore also renewed an existing contract. Invoices were up 58.5 per cent from the same quarter last year.

ASX-listed Trigg Mining has more than doubled the strike length and area of its Lake Throssell sulphate of potash project. Four new areas were granted to Trigg, giving the company the potential to expand resources and the projected mine life of what could be a global top ten producer. Pivotal agreements with traditional owners facilitated the grant of the new tenements.

Aldoro Resources could be onto lithium at its Niobe project in Western Australia after a phase one RC drilling program intersected two thick pegmatite intervals below surface. The company says each of the 17 holes plunged into Niobe struck significant pegmatite bodies, validating and extending historic drilling results. The campaign forms part of a larger 64-hole investigation of the project’s landholdings.

Estrella Resources is zoning in on more nickel-copper targets at its developing T5 discovery near Kalgoorlie in WA after the company spotted a suite of down-hole geophysical anomalies begging to be drilled. The anomalies lie tantalisingly close to the T5 deposit and suggest known mineralisation is open to the north and south, throwing up a plethora of new targets that the company will now target.

Altech Chemicals has launched and registered the product name “Silumina Anodes” for its breakthrough proprietary HPA coating technology that combines silicon particles, treated with its innovative technology and routine battery grade graphite to engineer a lithium-ion battery electrode containing a composite graphite-silicon anode. According to the company, the process produces lithium-ion battery anode materials with a 30 per cent higher retention capacity than existing materials.

Brightstar Resources has continued its run of solid drill hits at its flagship Cork Tree Well prospect near Laverton where ongoing gold intersections have confirmed the high-grade nature of the system. Notable intersections from the latest round of RC drilling include a 12 metre intersection grading 3.47 grams per tonne gold from 157m downhole and a 9m hit going 1.46 g/t gold from 178m downhole.

ASX-listed PolarX is gearing up to drill test further gold-silver prospects at its Humboldt Range Project in Nevada, USA, with a 3000m reverse circulation drill program planned to start in the next few weeks. Ten holes will test three targets in the Fourth of July claims, with another ten holes planned for targets at Star Canyon.

With the green energy revolution and particularly hydrogen gathering momentum at the same time that oil prices are enjoying a resurgence, many traditional oil and gas firms are conflicted in terms of priorities. The storage and sale of hydrogen is best undertaken by oil and gas firms and whilst many are attempting to dip their toe in the water, others are once again fixated on the burgeoning oil and gas price.

ASX-listed King River Resources is progressing its High Purity Alumina Project towards a May 2022 delivery of a definitive feasibility study for the proposed 2,000 tonne per annum HPA production facility. The company says global HPA demand is expected to grow at 30 per cent per annum until at least 2028 with high demand spread across the LED lighting, semiconductor and electronics, optics and battery industries.

Torian Resources has tabled further exemplary gold drill hits adding more value to a rapidly growing gold repository at its flagship Mt Stirling project, some 40 kilometres north-west of Leonora in WA. The latest set of results include a 19 metre section grading at 1.16 grams per tonne gold from 72m downhole with an internal metre going 3.53 g/t gold from 90m.

Gold explorer Meeka Gold has intersected laminated hydrothermal veins typical for gold mineralisation in all six diamond drillholes from a recent campaign at its Andy Well prospect within the Murchison gold project in WA. Meeka says the lode is typically between 10cm to 40cm in width and remains open at depth and along strike to the north and south as drilling continues.