Public Company News

Positive new data has renewed the confidence of Chimeric Therapeutics in its pathway towards treating multiple types of cancer with its next generation armoured natural killer cell platform, “CHM0301”. The platform, which is being evaluated in its first clinical trial, has shown positive in vitro results in modelling human acute myeloid leukaemia and colorectal cancer by overcoming the resistance created by a tumour’s microenvironment.

Recent surveys by PolarX at its Humboldt Range claims area in Nevada have identified several geophysical anomalies coinciding with surface gold anomalies and faults within both its Black Canyon and Fourth of July projects. At Black Canyon, the survey has extended the priority drill target out to 2.7km of strike, coincident with the Rochester Rhyolite Formation – a known gold-silver host.

Buru Energy is $5 million richer after selling the remaining share of its Carnarvon Basin acreage to Energy Resources and will now move towards developing its Rafael gas-condensate field in the Canning Basin. The company plans to develop its field with a two-phased approach and will supply gas to the Kimberley, in addition to blue-methane and ammonia.

Lithium Universe has made a roaring start to listing on the ASX, with its share price touching 6.3 cents during intraday trading after it raised its maximum subscription of $4.5 million and opened at just 2c. Nearly two-thirds of the money the company raised in its IPO changed hands throughout the day with a volume of almost 57 million shares being moved.

Just a week into its pivotal deal with global IVF provider Vitrolife, reproductive biotechnology company Memphasys has already received its first order to put its patented Felix system into clinics in Japan. Last week, Memphasys revealed it had opened a new door by signing an exclusive five-year distribution deal with Vitrolife Japan KK – a subsidiary of the world-renowned Vitrolife Group.

On the back of a strong scoping study last year, Perth-based company Toro Energy has commissioned a pilot processing plant design and added vanadium to its Wiluna uranium project in Western Australia’s Goldfields region. The study into a standalone operation at its Lake Maitland deposit holds a pre-tax net present value of $610 million and a total capital cost of $270 million.

Reach Resources’ maiden drill campaign for lithium has begun at its Bonzer pegmatite field in WA’s Gascoyne region, with some 2500m of reverse-circulation drilling and about 2000m of diamond drillhole work. The campaign has been designed to target soil sampling and rock chip lithium anomalies, the lithium grade, the size of the mapped surface pegmatites and any others that may occur in the sub-surface.

Terrain Minerals has been given the all clear for a maiden drill campaign this month to target clay-hosted rare earths at its Lort River project near Esperance, after receiving heritage clearance. Last year, a review of soil samples from historical gold exploration at the site returned positive results, including 580ppm TREO, with 25 per cent of the total grade magnet rare earths.

From the sometimes dark and dingy bedroom corners that play home to online gaming, to the searingly bright lights of one of the world’s hottest commodities, Lithium Universe has orchestrated a remarkable ASX transformation. Lithium Universe confirmed last Friday it had raised its maximum subscription of $4.5 million at a share price of 2 cents each, announcing itself a new lithium industry player.

Askari Metals has completed a follow-up probe to test the copper-nickel potential indicated by rock sampling results at its promising Callawa project in Western Australia, about 90km north-east of Marble Bar. After running an 18-square-kilometre drone magnetics survey last year, it has now finished an 864-sample auger program to test rock-sample geochemistry that included anomalous copper, silver, nickel and chromium.

Everest Metals believes it is hot on the trail of another DeGrussa-style deposit as it launches a new campaign of three deep diamond holes for 1000m of drilling at its Revere project in Western Australia’s Murchison region. The program will follow up highly-encouraging geological indications and geophysical targets from its recent phase-one deep diamond drilling work at the volcanic-hosted massive sulphide play.

Strickland Metals has officially kicked off a new 40,000m air-core (AC) drill campaign, with a primary focus on its Horse Well gold project about 85km north-east of the Western Australian town of Wiluna. The aim of the program is to define new shear zones and extend known shear zones further north where regional magnetic surveys suggest the structures may extend for more than 20km.