Public Company News

Lithium Australia’s subsidiary, VSPC, is making progress towards commercialising its patented lithium-ion battery cathode materials. Manufacturing of lithium ion battery coin cells and electrochemical testing will commence shortly at its laboratory in Queensland. The market for cathode materials is predicted to double to approximately 400,000 tonnes p/a by 2025, with a value exceeding USD$10b.

Infinity Lithium has strengthened its development prospects for the San Jose lithium project in Spain, reporting that over half its mineral resources are now classified at an “indicated” status. Improved geotechnical results also show that steeper wall angles can be developed, decreasing the open pit footprint, lowering stripping ratios and potentially improving project economics.

ASX-listed battery technology player Ultracharge, has undergone a massive step change, inking a deal to manufacture and supply lithium-ion batteries to a leading Israeli electric scooter manufacturer. Ultracharge will use its unique, inner battery parts technology to produce batteries that are more powerful than those generally available in the market.

ASX-listed resume verification provider CVCheck says it continues to outperform expectations in the fourth fiscal quarter due to a lift in demand for its services in New Zealand. The Perth-based integrated screening and verification company says revenues have also been assisted by strong corporate demand in both territories and a recent flood of working with children verification requests.

On the back of impressive strikes at its Mt Lofty Joint Venture in the mineral-rich region between Cloncurry and Mt Isa in northwest Queensland, Hammer Metals has approved a second drilling program to start next month. The Stage 2 program is expected to provide information for preliminary metallurgical studies and a mineral resource estimation.

Altech Chemicals has paid $5.1 million to secure a major industrial site in the southern Malaysian state of Johor for construction of its high purity alumina plant. The site is within the Tanjung Langsat Industrial Complex, just a few kms from Singapore and is part of a global hub for manufacturers of semiconductors and sapphire glass products who are big buyers of HPA.

Northern Minerals has reported that the construction of its pilot processing plant for the Browns Range heavy rare earths project in the Kimberley of W.A. is on track for completion by the 30th June 2018. The company will also recommence exploratory drilling at the project, focussing on the Wolverine and Gambit structural corridors close to the mine, including several recently identified greenfields regional targets.

Sky & Space Global has hit a key milestone in its journey into the lucrative South American telco market, with the ASX-listed company successfully testing of its nano-satellite based communications network with major regional telco company Globalsat Group. Sky and Space Global says it is finalising a deal with Globalsat that will potentially see bandwidth from the network used across South America.

Myanmar Metals has updated its mineral resource estimate for the Bawdwin polymetallic deposit in central Myanmar. The new resource is 82 million tonnes grading 4.7% lead, 2.4% zinc, 0.2% copper and 119g/t silver. The company will use the resource estimate to complete an updated scoping study for the project. Myanmar recently reported it will exercise its USD$14m option over the Bawdwin project to secure its 85% stake.

Lithium Australia has announced a new discovery of lithium mineralisation, in spodumene bearing pegmatites at the Medcalf prospect, within its prospective looking Lake Johnston project, 460km east of Perth in W.A. Rock chip samples up to 7.15% lithium oxide were returned from a series of outcrops, covering an area of 250m wide over 500m of strike. The company is now planning follow-up mapping, sampling and soils programs.

ASX-listed MGC Pharmaceuticals’ proposed medical marijuana facility in Malta looks set to go ahead after landmark laws legalising medicinal cannabis were passed by the Southern European nation’s Parliament. MGC is now on the verge of official approval for its 4,000 square metre facility that it aims to use to launch into the rapidly expanding EU medical marijuana market.

DroneShield’s suite of drone-combatting products have been given the green light by an independent US laboratory to protect US airports from potentially lethal aerial threats posed by incoming aerial drones. The company says its drone detection systems were deemed compatible with US aviation and airport communication and navigation systems by leading North American radiofrequency testing facility, 360RF.