Public Company News

Classic Minerals has begun a drill program at the Lady Magdelene deposit in the Marvel Loch area with high hopes of finding a repeat of the high-grade gold that transformed the economics of the neighbouring Lady Ada deposit. The new program is the third phase of drill activity by Classic at its Forrestania gold project, which has already delivered multiple high-grade hits and sent the company’s share price soaring.

An offshore investment and research house has looked at ASX-listed Neometals with a fresh set of eyes and come up with huge valuation of $1.43 a share. The London firm says Neometals is wrongly perceived as just a holding company with a minority share in a lithium mine and believes a corporate split into separate mining and technology companies could trigger a re-rating of its stock.

Sky and Space Global’s successful testing of its Chatellite app has opened up a world of telecommunications options, including voice calls or text messages to any landline or mobile number on the planet. The company’s telco network has significantly expanded and will now be able to cover the four corners of the globe once its full-array of up to 200 nanosatellites have been launched into space orbit.

ASX-listed security surveillance company Spectur has posted strong sales of its cutting-edge solar powered camera systems in January after delivering record revenues in the December quarter, bolstered by a successful expansion into NSW, Queensland and Victoria. The Perth-based company expects further growth this year assisted by key appointments aimed at accelerating the development and rollout of its new surveillance technologies.

ASX-listed Volt Resources is on the threshold of a development decision at its impressive Bunyu Graphite Project in Tanzania following a mining licence application this week, the last key approval needed for the US$173m project. The company is targeting an investment decision in the next quarter, clearing the way for the commencement of Stage 1 at the lucrative looking project.

Blackham Resources’ shares have soared after the company delivered on a promised turnaround at the Matilda-Wiluna gold project in January, with record monthly gold production and record low costs taking it well into the black. The company is on track to reach its target of 80,000-90,000oz in calendar 2018 and is now in danger of spitting out nearly $40m in free cash in a year..

DroneShield has launched a miniature new drone-detection device known as RadarZero, which weighs only 1.25kg and is the size of a paperback book offering all the associated benefits of pint-sized mobility. The new device can detect unwanted UAV intrusions up to 750m away and works as a standalone product or in collaboration with other DroneShield products to safeguard critical infrastructure such as airports, prisons and resorts and for military missions.

High-grade gold intercepts by Classic Minerals at the Forrestania Gold project going over 2 ounces to the tonne, have confirmed high-grade extensions of two orezones and added to evidence of a large-scale gold system. The impressive results back up a new geological interpretation of the region by recently appointed CEO, Dean Goodwin, and pave the way for a resource upgrade.

US oilfield services giant Halliburton has been piqued by Strike Energy’s ambitious Southern Cooper Basin project and has penned a MOU with the Adelaide explorer to potentially drill dozens of wells in the area. The deal has emerged less than a week before the ground-breaking Jaws-1 appraisal well kicks off. It will be one of the deepest pure coal seam wells ever drilled, at 2000m.

Plymouth Minerals is pulling out all stops at its San Jose lithium-tin project in Spain, appointing a senior executive to negotiate off-take deals and changing its name to reflect its aspirations for a big future based on lithium. Ryan Parkin has been appointed General Manager Corporate Development, bringing in additional skills to take San Jose from an advanced exploration project to a major supplier of lithium to the European market.

Draig Resources’ punt on a high-grade parallel lode to the famed and now closed Bellevue mine in the Wiluna belt continues to pay off, with a new series of high-grade gold hits at the Tribune Lode. Latest drill results have extended the depth of Bellevue-style quartz sulphide gold and confirmed the continuity, prompting acceleration in drilling activity.

ASX-listed Connected IO has secured a letter of intent from a US-based cyber security company to provide it with customised routers ahead of a proposed deal worth $6.9 million over a three-year period. The deal, which is expected to be finalised in the next week, will see Connected IO supply the US company with its cutting-edge Category 1 internet of things wireless routers .