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News from 29th December, 2022

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KOR: Update - Lithium/REO Review and Mg Scoping Study

KORAB RESOURCES LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Korab Resources Ltd is continuing the review of Lithium and Rare Earth Oxides (REO) exploration potential.
  2. This review is the first in-depth systematic assessment of Korabโ€™s exploration database targeting lithium and rare earth oxides mineralisation.
  3. Initial results of the Lithium and REO Review are expected to be available for release to the market in early 2023.

2022-12-29 19:27:00

ATH: New US patent for compounds to treat neurodegeneration

ALTERITY THERAPEUTICS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Patent covers more than 100 novel compounds targeting neurodegenerative diseases including Parkinsonโ€™s and Alzheimerโ€™s.
  2. Provides Alterity with 20 years of exclusivity.
  3. Expands its intellectual property estate for treating major neurodegenerative diseases.

2022-12-29 11:56:00

BPP: BPP - Acquisition of RBH Engineering

BABYLON PUMP & POWER LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Babylon to acquire all shares of Boddington, W.A.-based specialist rental pump provider RBH Engineering Pty Ltd.
  2. Acquisition advances BPP's pump rental and water management strategy by adding circa 50 rental assets to the rental fleet.
  3. A$3.0m purchase price represents a multiple of 3 times expected EBITDA contribution, and will be funded by cash and vendor finance.

2022-12-29 11:45:00

BCB: First train from refurbished Burton TLO

BOWEN COKING COAL LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Bowen Coking Coal Ltd completed loading its first coal train through its Mallawa train loadout facility.
  2. The Mallawa TLO receives coal from Bowen's nearby Broadmeadow East Mine.
  3. The first train through Bowen's re-furbished Mallawa TLO marks a major milestone for Bowen Coking Coal Ltd.

2022-12-29 09:39:00

SRJ: Trading Update

SRJ TECHNOLOGIES GROUP PLC ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Revenues for CY22 are expected to be in the region of ยฃ1m (A$1.7m) which represents 200%+ increase compared to prior year FY21 revenues of ยฃ321k (A$601k))
  2. ADNOC - Sixty-nine clamps and enclosures design and installation, preventing a toxic gas release in a valve pit on Das Island. This is expected to lead to repeat business in 2023.
  3. SABIC - Large diameter oxygen pipe leak repair including the design and provision of a 10-inch #300 BoltExยฎ clamp to replace corroded bolts on an oxygen pipeline, along with flange enclosures on a 10 -inch and an 18-inch pipeline.

2022-12-29 09:31:00

BML: Assays Confirm Impressive Grades at Beta

BOAB METALS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Encouraging drilling results from the Beta Deposit confirm the current mineralisation model and open the prospect for mineralisation extensions.
  2. Positive drilling results include SHRC_157 (Beta): 7m @ 16.23% Pb & 82g/t Ag from 72m and SHRC_136 (Beta): 20m @ 5.58% Pb & 52g/t Ag from 65m
  3. Further assay results from phase VI drilling expected early in 2021

2022-12-29 09:29:00

IVZ: Mukuyu-1 Sidetrack Wireline Results Indicate Multiple Zones

INVICTUS ENERGY LTD ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Preliminary wireline programme completed and analysis ongoing
  2. Log analysis indicates multiple potential gas bearing reservoir units
  3. Wireline formation testing to resume following retrieval of tool

2022-12-29 09:16:00

FRM: Capital Raising

FARM PRIDE FOODS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Farm Pride Foods Ltd (ASX: FRM) is pleased to announce it has finalized terms for a $5.27 million capital raise.
  2. The capital raise consists of a non-renounceable entitlement offer open of 7 new fully paid ordinary shares and a follow-up private placement to institutional, sophisticated and professional investors.
  3. The Company has received binding commitments from investors under the Placement and is pleased to be able to announce that it has finalized the terms of the capital raise.

2022-12-29 08:54:00

G88: New REE and Base Metal Targets at Yarrambee

GOLDEN MILE RESOURCES LTD ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. A review of historical soils has identified new REE, copper, nickel, and gold geochemical anomalies for further follow-up.
  2. Three โ€œhotspotsโ€ prospective for VMS mineralisation are indicated by coincident Cu-Zn-Bi-Mo anomalism, between 700 -900m strike length.
  3. RC drilling at Narndee has extended mineralised intervals in several holes and returned encouraging results.

2022-12-29 08:24:00

MMI: Completion of 2022 Operating Season

METRO MINING LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Metro Mining Limited (ASX: MMI) has decided to cease the operating season at the Bauxite Hills Mine due to a significant weather system on the Gulf of Carpentaria.
  2. The Company was on track to meet its guidance of 3.6 to 3.7 MWMT sales for the calendar year, however this earlier season end plus almost 5 days lost in the last 2 weeks to the failure of significant components means that MMI has achieved 3.41 MWMT for the year.
  3. The Company would normally close down operations around this time of the year, however, intentions had been to load a further 19th Capesize vessel for the April to January season.

2022-12-29 08:22:00

BRK: Wolf Pack Completion Operations Underway

BROOKSIDE ENERGY LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Operations are proceeding on schedule, safely and without incident.
  2. Haliburton Energy Services has been appointed to conduct the completion operations on the Wolf Pack Well.
  3. Equipment and personnel are being mobilised to the Wolf Pack Well location now, with operations expected to commence next week.

2022-12-29 08:20:00

SOR: SOR Outstanding Moisture Battery Development Success

STRATEGIC ELEMENTS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. A successful demonstration compared the power output of an Energy Ink battery, powered solely by moisture, to the baseline power consumed by a leading glucose-monitoring skin patch.
  2. Successful design and fabrication of programmable load simulators proved to increase the data available to the engineering team, speed up testing, and drive optimisation of the technology.
  3. Utilising data from programmable load simulators and other sources, a simple power management system was created and successfully demonstrated.

2022-12-29 08:19:00