Public Company News

Lithium Australia have expanded their tenement holdings near one of the world’s largest Lithium deposits at Greenbushes in in WA and will apply their unique new exploration technology to search for additional deposits along strike. The Lithium technology and exploration company will also exercise their option to move to 49% of the exciting Electra project in Mexico. 

Lithium Australia have chalked up yet another breakthrough technology with the development a world-first portable assay tool that measures lithium grades in soil sample in the field. The new system, developed with US-based SciAps over the past two years, promises to slash exploration costs and boost discovery rates just as the global boom in lithium demand takes off.

Sipa Resources have hit extensive sulphides from their latest drilling at the Akelikongo prospect in Uganda, confirming the presence of a large nickel-copper system and extending the footprint of their earlier discovery. The latest drilling has also verified the Subiaco explorer’s ideas about where to drill for the core of the deposit, boosting the odds of a major discovery.

In a sure fire sign that the Chinese are becoming insatiable for our Lithium and will take it any way they can get it, Pilbara Minerals have signed a deal with a Chinese Lithium Carbonate manufacturer to supply direct shipping ore straight out of their Pilgangoora mine near Port Hedland without it even being processed - and the Chinese will pre-pay $10m for the privilege. 

Blackham Resources’ plans to double their Matilda Gold production have been boosted by solid new drill results that pave the way for another resource upgrade. The latest round of drilling found the mineralisation at Wiluna is more extensive than previously thought and amenable to open cut mining in some areas, providing a major boost for the economics of a proposed expansion.

Hammer Metals, recently voted Queensland Explorer of the Year for its breakthrough discovery of the Overlander deposit, has set its sights on a number of big new exploration goals around its Mt Isa tenements. A deep diamond drill hole is about to target extensions of a number of extraordinary copper-gold drill intersections that remain open at depth at the Kalman South prospect. 

Lithium Australia’s ground-breaking, low-cost technology for Lithium processing has begun testing at WA’s Murdoch University with the support of a State Government grant worth nearly $200,000. The new test program aims to further improve recoveries of Lithium and potentially valuable by-products and follows a recent successful pilot plant trial in NSW.

Perth based Weebit-Nano is on the way to commercialization after their French partner, Leti,reproduced the ASX listed company’s lab scale “Siox ReRam” computer memory technology in their massive pre-industrialization facility in France. Weebit say their computer memory technology is 1000 times faster and 1000 times more energy efficient than existing flash memory. 

ASX-listed MGC Pharma is a step closer to breaking into the lucrative European skincare market, with the medical cannabis company commencing official EU registration for its cannabis-based cosmetics used to treat conditions such as acne, psoriasis and seborrhoea.

ASX listed Sky and Space Global have provided their best validation yet that their innovative technology based on miniature satellites might actually work when it launches next year after the company was awarded a global technology award this week. The prestigious award was bestowed on them by global consulting and market research firm Frost & Sullivan.  

ASX-listed financial payments player Stargroup is on track to deliver its 12th consecutive quarter of record revenue after posting yet another ground-breaking month in October. Stargroup, who have over 350 ATMs across Australia, said their best-ever monthly revenues were laregely driven by the ATM hardware and software sales division.

In the public company world it's often said that it’s easier to get a promise of a cheque from the Chinese than the actual cheque itself, which sometimes never arrives. No such problem however for the George Bauk led Northern Minerals who now look set to create the first significant heavy rare earths mine outside of China after their Chinese shareholder showed them the colour of their money.