Public Company News

Lithium Australia and partner, Envirostream Australia, look like getting into cashflow after shipping their first batch of recycled lithium, cobalt, nickel and graphite that was extracted from old lithium-ion batteries that otherwise would have been sent to landfill. Lithium Australia know owns 84% of Envirostream and is aiming to get to 90 per cent in time.

Hammer Metals has ploughed in 123 first-pass aircore holes at its Bronzewing South gold project and the company appears to have hit on what looks to be something quite interesting. Hammer recently reported composited sample assays from across Target 1 and it has since split the samples down to one-metre intervals. Best numbers include 14 metres at 1.80 g/t gold from 12 metres including 3 metres at 5.57 g/t.

Troy Resources has re-stocked its financial armoury with a placement raising $4 million and an $11 million loan facility supporting the restart of operations at its Karouni gold mine that went onto care and maintenance in October after a fatality on site. Since then, exploration has outlined a new style of mineralisation near the Hicks 1 pit with an impressive 17m hit grading 5 ounces to the tonne gold.

A strategic drilling expenditure increase by Great Southern Mining at it’s under-explored Cox’s Find gold project in WA has paid off in spades with ounce plus hits regularly spinning up out of the depths this year pointing to a potential deep continuation of the lodes well below the old historical mine workings. The company has also been awarded $150,000 from the Western Australian Government’s Exploration Incentive Scheme.

Existing Middle Island Resources shareholders and renowned mining investor, Stephen Copulos, have corner-stoned a $2.35 million capital raise that will see the aspiring gold miner turbocharge its WA Sandstone project. The company will now look to substantially boost its mineral resources, which already houses a mothballed mill that could be prodded back into life if a solid mineral reserve can be eeked out.

Vonex is in the final stages of the development of its new technology that looks set to disrupt the internet-based telecommunications market. The company is looking to launch its new “Oper8tor” APP that will provide a singular platform for seamless communications between multiple different messaging, video, voice and conferencing online platforms. There are currently 3.26 billion users worldwide accessing over 100 different social media sites.

Mining heavyweight, Mineral Resources, is now lurking purposefully at 19.9% on the Norwest Energy share register after the JV partners upped their theoretical chances of hitting paydirt at the Perth Basin, Lockyer Deep-1 onshore gas prospect in the Perth Basin from 29% to 38%. Mineral Resources, which already has an 80% interest in Lockyer Deep-1, will need to launch a takeover bid to secure any more significant lines of Norwest stock.

AMA Group remains on track to produce some serious cash flows during the next couple of years on the back of its strategic acquisition strategy which includes its recent $440 million purchase of the Capital S.M.A.R.T panel repair business and ACM Parts. The company expects its three recent acquisitions, Smash Care, Diplocks and All Transport (trucks) to bolster its EBITDA line by $2.5m.

Image Resources has added another dimension to its zircon-rich Boonanarring mineral sands mine in WA after it significantly boosted the heavy minerals grade at the project, capping off an uber-successful year for the Perth miner. Recent work has seen the grade jump from 7.2% to 8.9% and the company also increased both the project’s zircon content from 22.7% to 27.5% and its in-situ zircon grade from 1.6% to 2.4%.

Canning Basin focussed hydrocarbon producer and explorer, Buru Energy, has a number of balls in the air for next year as it seeks to develop its range of gas and liquid hydrocarbon plays in the Canning Basin. Buru is sitting on 5.5 million acres of development and exploration permits and it is already turning out 1,400 barrels of oil per day at its flagship Ungani oilfield near Broome.

Horizon Minerals and mega gold miner, Northern Star Resources, have put the final ink on an agreement for a straight swap of mining and exploration tenements, which will strengthen Horizon’s gold project holdings near Kalgoorlie and Coolgardie in the WA Goldfields region. Horizon will secure three gold projects near Coolgardie and four projects near Kalgoorlie, including Golden Ridge which has produced over 253,000 ounces of gold.

Solar window glass innovator, ClearVue Technologies, has broadened its presence in China after securing an original equipment manufacturing agreement with China’s Jiangsu YY Windows and Curtain Wall System Company. Under the terms of the agreement, YY Windows will be able to manufacture and sell ClearVue’s solar-powered insulated glass units either under its own name or through licensed distributors.