Public Company News

Perth based medical research pioneer Epichem, a wholly owned subsidiary of ASX listed PharmAust, has posted record revenues for FY17 on the back of growth across all of its business divisions. PharmAust said Epichem generated a best-ever revenue result of $3.05m for the 12 months to June, up by 30 per cent when compared to the previous year.  

An engineering study has shown that Lithium Australia’s breakthrough “Sileach’ Lithium processing technology could be profitable even at the pilot plant stage. The company is staring down a potentially lucrative global opportunity that would see them move around the world processing Lithium waste dumps that were previously thought to be uneconomic.  

Shark Mitigation Systems is partnering with a Californian surf craft manufacturer to accelerate the rollout of its anti-shark technology, “SAMS”, into the US water sports market. The company says the manufacturing license agreement with Californian production firm Boardlams potentially paves the way for distribution of its visual technology into an estimated 2000 US surf shops.

Sky and Space Global’s testing of its first three nano-satellites continues to return excellent results, with the miniature telecommunications satellites successfully passing more than 100 tests in space. The Perth-listed company’s nano-satellites are currently operating perfectly in orbit and have so far transmitted over 1,000 minutes of data back to earth.

Fledgling Gold producer Blackham Resources has released another set of exceptional, high-grade drill hits from the Wiluna Gold Project in W.A as it charges ahead with studies to double production to more than 200,000 ounces per annum. The new results are from the second half of a whopping 49,000 metre RC and diamond drilling program.

ASX-listed MGC Pharmaceuticals has bolstered its European medicinal cannabis growing operations by shifting nearly 500 marijuana plants to the company’s facilities in the Czech Republic. MGC is moving full steam ahead with its botanical division, largely based in the EU, after last month receiving a full European licence to grow cannabis.

Connected IO has delivered its fourth consecutive quarter of record revenues as the Perth-listed tech company continues to reap rewards from its foray into the booming “internet of things" sector. Revenues hit a record $822,562 in the June quarter, up 45 per cent from the previous quarter and nearly 2,000 per cent higher than the same time last year.

Many explorers are searching for Cobalt opportunities right now, but few look more interesting than the one just snapped up by Auroch Minerals in the Czech Republic. The Perth junior has secured an option over an ancient Copper mine that was previously unrecognised for its Cobalt potential. It has vast waste dumps that could be bristling with the lucrative tech metal.

Pilbara Minerals are studying the potential for an even larger future expansion at Pilgangoora after new success with the drill bit produced a 15% increase in Lithium reserves. The company now have enough ore to mine for 40 years at stage 1 production levels of 2Mtpa and are looking to boost the stage 2 expansion to 5Mtpa.

Pilbara Minerals’ Pilgangoora Lithium project has received the ultimate accolade in the form of a $20m investment by the Federal Government’s Clean Energy Finance Corporation. The Government finance agency emerged recently as one of several institutional investors in Pilbara’s A$130 million bond issue.

PharmAust has engaged Canadian pharmaceutical specialist BRI to reformulate its promising anti-cancer drug Monepantel in readiness for more clinical trials and commercialisation. Monepantel has already shown positive outcomes treating cancer and PharmAust are now looking to improve the taste profile and palatability of the drug.

The big wait is over for wanna-be telco, Sky and Space Global, after they successfully made contact with their 3 “nano-satellites” that were blasted into space earlier in the week. The company has successfully communicated with their miniature telecommunications satellites on 50 occasions since they were sent into orbit on June 23rd.