Public Company News

Reedy Lagoon are set to drill a high-impact Lithium brine well in the first quarter of 2018 at their US project after locking in $3.5m via a rights issue that will now be fully underwritten by Patersons. The well will test a potentially Lithium rich groundwater zone in Nevada in the same district as the only Lithium brines producer in the US. Historical geological reports from the 70's indicate there may be Lithium present.

New assays from Neometals’ 100%-owned Barrambie titanium-vanadium deposit suggest it could be an emerging giant of even higher grade than previously believed. The news coincides with work by Neometals on a number of fronts to accelerate a fast-tracked development program based on direct shipping high-grade ore to China. Recent drilling returned stunning intercepts of nearly 32% titanium dioxide.

Geopacific are off and running with the giants in PNG with their Woodlark project that sits dead centre in the middle of some of the largest gold and copper resources in the world. Woodlark Island is surrounded on every side by amazing projects that range from 17m ounces of gold up to Freeport's stunning 63m ounce project. Geopacific picked up the majority of it for a song from Kula Gold who spent $150m on it.

Wireless technology innovator Connected IO could be in for an unexpected bonus thanks to a surge in gold exploration activity around a project retained from its former days as a gold explorer. Connected IO’s Mission and Cables Gold project is next door to the 3Moz Darlot gold mine, now undergoing a renaissance under new ownership. The company has engaged an outside party to evaluate the project.

Auroch Minerals have hit more Cobalt with their third drill at the Tisova project in the Czech Republic, even before reaching the predicted target zone. The hole will be redrilled after hitting an historic void, with the fourth hole in the program to get underway in the meantime. The new Cobalt hits follow a big hit in the previous hole with visible Cobalt and Copper over a 130m interval.

The processing plant for the Browns Range heavy rare earths mine in the East Kimberley has begun to arrive from China, keeping Northern Minerals on track for first production by mid-2018. Northern Minerals has also drawn down the first tranche of their innovative R&D financing facility for the 100%-owned W.A project, which is set to become the world’s first significant producer of Dysprosium outside of China.

Pilbara gold explorer Calidus Resources have cemented control of the Warrawoona gold project, exercising the right to acquire some key tenements. Calidus have also finalised a JV with Canada’s Novo Resources Corp after due diligence found a number of gold anomalies on Novo’s tenements and prospective new trends that had not been previously recognised.

Legend Mining's Rockford project is gathering investor interest with the company's stock jumping by 55% in the past month. Nickel's growing recognition as a key part of the electric vehicle boom, coupled with Legend's blue chip address, just down the road from the revered Nova-Bollinger deposit, is putting legend onto the radars of investors. The company has just kicked off a 5000m drill program.

Calima Energy’s early entry into one of the largest resource plays in North America has earned it kudos from leading broker Euroz, who has initiated coverage on the oil and gas upstart with a share price target of almost double its current price . Euroz says that Calima have acquired most of their ground in the coveted Montney Basin at a fraction of the value implied by recent comparable acreage transactions.

Perth listed Connected IO has secured a purchase order from electronics giant LG for the "internet of things" tech tyro's cutting-edge wireless communications devices. The company says it received the initial order from electronics giant LG, flowing from its relationship with US telco Verizon, for 140 next-gen routers to assist LG with its North American wireless requirements.

ASX-listed Aquabotix has launched some new technology for their innovative range of underwater drones that enables its users to control the unmanned vehicles from anywhere in the world via the internet. The underwater robotics company says the game-changing tech also allows multiple users in different locations to operate the same vehicle remotely from everyday devices such as computers, phones and iPads.

Whilst most other medical marijuana companies are still trying to work out how to make money, ASX-listed MGC Pharmaceuticals are busy collecting purchase orders for their cannabis based products. The company has signed a binding heads of agreement with local pharmaceutical distributor, HL Pharma to distribute MGC's low cost, cannabis based epilepsy drug CannEpil in Australia.