Public Company News

Fresh from its technical successes in the Cooper Basin, Strike Energy has put its technical skills to work again to reveal a stunning analogue of the coveted Waitsia gas field in the North Perth Basin. Strike reported that detailed technical studies at its newly acquired West Erregulla project, just 16kms southeast of Waitsia, shows a potential gas resource of up to 1.24 trillion cubic feet.

Tech play Vonex has the big telco’s in its sights as it seeks to pinch market share from them courtesy of the disruption caused to the market by the roll out of the NBN. The company listed on the ASX yesterday after completing a $6m IPO and will now seek to gain greater market penetration for its cloud based PABX and related services.

Aquabotix will have the opportunity to demonstrate its SwarmDiver underwater drones to the US Navy under a research and development deal with the United States Naval Undersea Warfare Center. The agreement gives the company access to the Narragansett Bay military test facility – including its ranges and personnel - to test and demonstrate its swarming drones.

Spectrum Rare Earths has reported a slew of eye-popping, high grade gold results from historical drilling at its Washington gold project in northern California. Mineralisation occurs within a swag of criss-crossing quartz veins, usually over widths of about 2 metres at the mine. The company also identified 3 priority target areas for further drilling during its technical due diligence for the decommissioned gold operation.

BlackEarth Minerals is expanding its resource drilling program at the Razafy prospect of its 100%-owned Maniry graphite project in Madagascar after rock chip samples of up to 20% TGC confirmed a strike extension to the northeast. Rock chip samples of up to 11.9% TGC have also added a further priority target for immediate exploration drilling at the Razafy East prospect.

With its Mt Peake vanadium-titanium-iron project in the NT in the final stages of development planning, TNG has signed a deal with the owner of a similar looking resource in the Pilbara that could add value for both parties. TNG will team up with Todd Corporation’s BBI Group to provide its processing technology at the Balla Balla resource on the Pilbara coast.

UltraCharge has formed a joint venture with Indonesia’s PT Garda Persada for the manufacturing and sale of its high powered lithium-ion battery pouch cells in Indonesia and the ASEAN region. Pt Garda will secure firm orders for US$5m worth of batteries from its military clients whilst Ultracharge will invest US$3m to build a new production facility in Jakarta.

Blackham Resources is poised to extend the mine life of its Golden Age underground mine after making further high grade intercepts of up to 6.9m at 15.5 g/t gold below current mining areas. The results also highlight the potential to increase the mining rate through early access via the nearby Calais Decline.

Galena Mining has intersected copper-lead sulphide mineralisation in a deep exploration drilling program at its Woodlands geological complex, 200km north of Meekatharra in W.A. The company targeted two highly conductive geophysical electromagnetic targets that coincide with anomalous copper and lead assays from historical drilling.

ASX-listed MGC Pharmaceuticals’ bold foray into the global cosmetics market has hit another notable milestone, with luxury UK retailer Harvey Nichols announcing it will stock the company’s MGC Derma and Derma Plus skin care lines. MGC says the iconic British retailer will carry the Perth-listed company’s premium range of 18 products containing cannabidiol, the non-psychoactive ingredient in cannabis.

Lithium Australia is acquiring full ownership of the Sadisdorf deposit in Germany for €2m in cash and scrip from JV partner Tin International. Recent drilling returned an intercept of 32.2m at 0.52% lithium oxide. The company will accelerate development plans with a scoping study expected to be completed in October 2018 while other key studies are also being carried out.

Sky and Space Global has signed a deal with a leading aviation solutions and service provider to explore applications of its miniature-satellite based network in commercial aviation services. The company says the Memorandum of Understanding with Israel-based International Air Traffic Automation Systems further validates its business model and its disruptive impact on the telco market.