Public Company News

Galena Mining has intersected copper-lead sulphide mineralisation in a deep exploration drilling program at its Woodlands geological complex, 200km north of Meekatharra in W.A. The company targeted two highly conductive geophysical electromagnetic targets that coincide with anomalous copper and lead assays from historical drilling.

ASX-listed MGC Pharmaceuticals’ bold foray into the global cosmetics market has hit another notable milestone, with luxury UK retailer Harvey Nichols announcing it will stock the company’s MGC Derma and Derma Plus skin care lines. MGC says the iconic British retailer will carry the Perth-listed company’s premium range of 18 products containing cannabidiol, the non-psychoactive ingredient in cannabis.

Lithium Australia is acquiring full ownership of the Sadisdorf deposit in Germany for €2m in cash and scrip from JV partner Tin International. Recent drilling returned an intercept of 32.2m at 0.52% lithium oxide. The company will accelerate development plans with a scoping study expected to be completed in October 2018 while other key studies are also being carried out.

Sky and Space Global has signed a deal with a leading aviation solutions and service provider to explore applications of its miniature-satellite based network in commercial aviation services. The company says the Memorandum of Understanding with Israel-based International Air Traffic Automation Systems further validates its business model and its disruptive impact on the telco market.

ASX listed Spectur’s security surveillance systems will quietly watch over at least 20 building sites and potentially up to 120 sites belonging to a national building company in a deal that will initially kick off with a $65,000 order. Spectur has posted revenues of $520,000 for April and May, representing an increase of 200% over the same period last year.

Legend Mining has discovered a second, larger nickel-copper mineralised intrusive of magmatic sulphides within a host rock similar to the famed Nova-Bollinger deposit, at its Rockford project in the Fraser Range. The new results cover an area of 300m by 100m, with shallow anomalous drill intersections up to 36m @ 0.39% nickel, 0.23% copper and 0.04% cobalt, containing disseminated sulphide mineralisation.

Kopore Metals has procured four new prospecting licences in a highly prospective region of the emerging Kalahari copper belt in Botswana. The cash and scrip deal gives Kopore full ownership of the tenements, which are adjacent to those held by major copper resource developer Cupric Canyon. Exploration in the newly awarded tenements is limited and provides an element of blue sky for the company.

Classic Minerals is back in the field at Forrestania near Southern Cross with lots of exciting gold targets about to be drill tested. The company has kicked off a 3,000 metre RC drill program that will target high grade cross-cutting gold lodes at the Lady Magdalene deposit and define resource extensions for the Kap Gap, Lady Lila and the newly discovered Van Uden West prospect.

Adriatic Metals has announced a spectacular drill intersection of 64m grading 4.6g/t gold, 537g/t silver, 0.9% copper, 7.7% lead, 10.8% zinc and 46% barite from its project in Bosnia. The result extends mineralisation 80m down-dip and 50m down-plunge of the original geological interpretation. The company also reported gold mineralisation up to 3.5g/t in grab samples from the historic JB Zone, 1km away.

Altech Chemicals has pointed to recent research reports that forecast significant uptake of high purity alumina from the lithium battery sector to suggest that its proposed HPA plant in Malaysia is well placed to take advantage of the HPA growth curve. HPA is used in lithium-ion batteries to separate the anode from the cathode. Demand from the battery sector is predicted to triple by 2025.

Algae.Tec has secured a funding facility of up to $7m from New York financier Magna to drive several near-term expansion and development initiatives aimed at commercialising its algae and medicinal cannabis divisions. It is also finalising the spin-off of its Uruguay medicinal cannabis interests into a wholly-owned subsidiary that will seek up to $10m via a public listing.

Infinity Lithium has announced positive results from a scoping study to produce a high value lithium hydroxide product from processing of its San Jose ores in Spain. The work provides flexibility for the company to tailor offtake products to end user specifications from its existing processing flowsheet. There is a strong demand for the lithium hydroxide product currently, driven by battery requirements from the electric vehicle industry.