Public Company News

This week’s Bulls N’ Bears Runner of the Week is … Hydration Pharmaceuticals. The company sold its non-US assets for a sum equivalent to, quite incredibly five times its market capitalisation. Also, Odessa Minerals ran hard after raising more than $1 million to drill its Lyndon uranium project in WA, while other movers and shakers this week were Nyrada and Australian Rare Earths.

GreenTech Metals has ramped up the copper-zinc-gold hunt at its Whundo project in Western Australia’s Pilbara region after appointing experienced mining executive Julian Hanna as a technical advisor. The company says Hanna will bring 35 years’ worth of experience in the discovery, early development stages and corporate management of significant copper, nickel and gold deposits and their associated companies.

Surefire Resources is planning a maiden drill program at its recently-discovered Phat Boy copper prospect in Western Australia’s Mid West region in a bid to add to its established critical minerals portfolio. The prospect consists of four coincident copper-zinc anomalous zones and is interpreted to sit within a similar geological and structural setting to the world-class Golden Grove massive sulphide deposit.

Radiopharm Theranostics has moved closer to securing investigational new drug approval for a cancer-fighting radio-antibody after manufacturing the first batch of its “BetaBart” radiotherapeutic agent.

Octava Minerals has tapped the market for $1 million in a bid to expand the antimony prospect within its Yallalong project in WA, with plans for both extensional and infill drilling. In a further show of support, company directors have also agreed to stump up $150,000 to provide a cash boost that will bolster the funds required for planned exploration programs.

Horizon Minerals says it expects to rake in $30 million in free cash flow from its Boorara gold project, 15km east of Kalgoorlie-Boulder in Western Australia’s Goldfields region. After giving Boorara the green light just two months ago, the company has wasted little time getting its shovels into the ground for the project that is set to produce 49,500 ounces of gold.

Chariot Corporation has hitched its wagon to a pilot plant strategy at its United States-based Black Mountain lithium project in Wyoming to fast-track production and supply spodumene concentrate into that nation’s rising domestic demand for the silvery-white metal. The decision follows an internal review that revealed a quicker, lower-cost route to production in time to capitalise on a predicted resurgence in lithium prices.

Xanadu Mines has confirmed it is in the final stages of completing a prefeasibility study on its Kharmagtai copper-gold project that sits in Mongolia’s South Gobi region. The company recently handpassed operational duties for the massive project to joint venture partner and Chinese behemoth, Zijin Mining, and says it has taken additional time to finalise the mine design to ensure a higher standard.

Askari Metals' share price surged 63 per cent today on big volume after a strategic review of its 100 per cent-owned Mt Maguire gold project in Western Australia’s Ashburton region threw up historic high-grade hits. The findings included 2m at 12.14g/t from 35m and 31m at 0.84g/t from 20m as the company moves to tap into the potential for a gold discovery at the site.

Strickland Metals is targeting the near-surface mineralisation at its Gradina prospect in Serbia in a bid to expand the company’s existing 5.4 million-ounce gold equivalent Rogozna project and drive its gold and base metal resource to next-level status. A new diamond-drilling program for 10,000m has been launched at the site that sits in the landlocked Balkan nation.

Latitude 66 has wrapped up what could prove to be a pivotal 18-hole, 2197m diamond drilling program at the K South target within its Kuusamo Schist Belt (KSB) play in Finland, in a bid to lift the project’s gold resource. The company says all samples from the program have now been submitted to MSALABS in Canada, with assay results expected in early November.

Altech Batteries has clocked up a key milestone with the successful launch of its first 60kWh “Cerenergy” sodium-chloride battery prototype in Germany. The company says the battery unit, which has been installed at the Fraunhofer IKTS lab in Dresden, has passed all physical tests with “flying colours” and has smashed through forecast performance and efficiency expectations in the rigorous daily assessments.