Public Company News

Nzuri Copper has produced its best copper hits yet from a target area immediately along strike from the Kalongwe project in the DRC, opening the door for a possible significant extension of mine life. Drill hits of up to 7.7% copper were accompanied by encouraging cobalt intercepts, all at shallow depths and within 5km of the flagship project.

Middle Island Resources has entered a deal with Canadian-based Tajiri Resources to sell the last of its West African gold interests.The company announced this week it had executed a heads of agreement with Tajiri to sell its Reo project in Burkina Faso. The deal earns Middle Island up to US$355,000 in a series of cash payments and 8% of the fully diluted capital of TSX-V listed Tajiri.

Sky and Space Global will supply telco coverage and connectivity to Ghanaian telecoms service provider, Universal Cyberlinks as part of a five-year deal. The ASX-listed company opened slightly higher on the ASX as the market appeared to embrace an agreement that appears to underpin the company’s claims that it is capable of providing more economical and efficient communications to remote areas of the planet.

Listed security surveillance company Spectur is set to frighten the hell out of intruders in the dark with its new “Thermal Camera Detection System” that can see an intruder up to 1km away in complete darkness. Once activated, Spectur’s associated security system will flood the area with a massive floodlight, followed by a sci-fi style bull horn kicking into gear with a high decibel warning to the hapless trespasser.

ASX-listed Connected IO is on the brink of tying up and toasting its largest contract to date after a leading US-based cyber security firm completed prototype trials and delivered a flying pass mark for its wireless “internet of things” routers. The company said it will now enter a three-year-deal to supply the cloud-based, online card data security business with $6.9million worth of its high-tech products.

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.