ASX Briefs
ASX Briefs
×

Thank you for your interest. As of July 21, 2023, this project will be suspended.

You may wish to subscribe to our FREE weekly newsletter - with highlights from the lithium sector during the week.

If you wish to discuss continuation or a variation of this project, contact me on LinkedIn. Thank you.

Subscribe to our FREE weekly newsletter!

<June 2024>
MonTueWedThuFriSatSun
12
3456789
10111213141516
17181920212223
24252627282930

News from 11th January, 2023

*Disclaimer

If you find this site of use, please make a donation to Sock it to Sarcoma! in support of sarcoma research ๐Ÿ˜Š๐Ÿ™

REX: Rex Announces Increased Profitability

REGIONAL EXPRESS HOLDINGS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Regional Express (Rex) announced increased profitability in its domestic Boeing 737 jet operations.
  2. November was the third consecutive month that the domestic jet operations have been overall profitable since the jet operations resumed in February 2022.
  3. The regional Saab 340 operations are still making a loss of less than $0.2 million for November, but EBITDA for the month has doubled to $2.2 million.

2023-01-11 15:04:00

TYM: Appointment of Acting CEO

TYMLEZ GROUP LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. TYMLEZ Group Limited has appointed Executive Chairman, Daniel Oโ€™Halloran, as the Groupโ€™s Acting Chief Executive Officer.
  2. Mr Oโ€™Halloran will fill the CEO position in an Acting capacity while the Board conducts a global search for a new permanent CEO.
  3. TYMLEZ is focusing on the two markets of guarantee of origin for green fuels, minerals, and resources , and trusted tokenisation of carbon offsets.

2023-01-11 14:06:00

ATX: Dose Escalation Approved in ACCENT Clinical Trial of AMP945

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

  1. The ACCENT clinical trial assessing the efficacy of AMP945 in treating pancreatic cancer patients has now been approved for dose escalation and recruitment of planned second patient cohort.
  2. The Safety Review Committee has examined the available safety, pharmacokinetic and pharmacodynamic data and concluded that dose escalation to a further cohort is warranted.
  3. The first stage of the ACCENT trial is designed to identify the most suitable dose of AMP945 to combine with gemcitabine/nab-paclitaxel chemotherapy in patients with advanced pancreatic cancer.

2023-01-11 13:50:00

GWR: GWR Improves Iron Ore Mining rights Agreement

GWR GROUP LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. GWR Group Ltd has entered into a further variation to the previously announced Binding Term Sheet to grant mining rights for the C4 Iron deposit and the transfer of its residual rights in relation to the JWD Iron deposit.
  2. As part of the agreed variation, GWR has agreed to substitute the obligations for GV to pay the sum of $5,000,000 on 19 March 2023 (together with interest) and to pay $15,000,000 upon the earlier of 19 January 2024 or the date immediately after GV has shipped or otherwise sold an aggregate of 1,000,000 tonnes of iron ore from the C4 deposit.
  3. The effect of the variation means that GWR will receive a minimum of approximately $52,000,000 from GV over the next 10 years compared to the minimum of approximately $20,000,000 GWR is entitled to receive from GV under the existing arrangement.

2023-01-11 12:43:00

DRX: Northern Silica Project potential resource expansion

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

  1. Si2 Resource infill and step out drilling in 2022 confirmed continuity and extensions of high purity silica sand dunes
  2. Preliminary exploration drilling started at Casuarina to establish sand quality and continuity, with the aim of establishing mineral resource at the project near Port of Cape Flattery
  3. Additional results in PLT target area enable commencement of maiden resource estimate in 2023

2023-01-11 11:40:00

PDL: Supreme Court of NSW approves Scheme of Arrangement

Pendal Group Limited ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. The Supreme Court of New South Wales has approved the proposed acquisition of Pendal by Perpetual Limited by way of a Scheme of Arrangement.
  2. Pendal will lodge an office copy of the Court orders with the Australian Securities and Investments Commission tomorrow.
  3. The Scheme is expected to be implemented on or around 15 January 2023.

2023-01-11 11:18:00

BEE: Ballarat Land Update

BROO LTD ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Development Victoria (DV) has exercised its option to call back the property asset located at 2 Liberator Drive, Mitchell Park, Victoria 3355 forย aย totalย amountย ofย circaย $2.3ย million.
  2. The Company has used the proceeds to repay the entire loan and outstanding rates and taxes associated with the land in full, reducing the Companyโ€™s total liabilities by $2.1 million.
  3. Theย Companyโ€™s ย sharesย willย remainย inย suspension ย pendingย aย furtherย marketย updateย regarding ย theย outcomeย ofย itsย ongoingย strategicย review.

2023-01-11 10:46:00

ADE: Distribution Update - December 2022

K2 Asset Management Ltd ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Cash distribution of $0.0018
  2. Non-cash distribution (franking credits & tax offsets) of $0.0028
  3. Reinvestment price for the distribution payable on 18 January 2023 is $4.31

2023-01-11 10:21:00

LKE: Kachi M&I resource update 2.2mT LCE 3.1mT Inferred resource

LAKE RESOURCES N.L. ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Additional drilling has upgraded and increased confidence in the resource in the central area of the salar.
  2. Measured and Indicated (M&I) resources of 2.2 Mt of lithium carbonate equivalent (LCE).
  3. Inferred resources of 3.1 Mt LCE.

2023-01-11 10:14:00

CNI: New Daily Needs Wholesale Trust

CENTURIA CAPITAL GROUP ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Centuria Capital Group has secured the Margaret River Shopping Centre in WA for $15 million.
  2. The shopping centre is anchored by a Coles Supermarket and Liquorland, with 81% of gross income derived from Coles.
  3. The acquisition delivers on corporate strategy, provides a value-add opportunity, and expands the wholesale network offering.

2023-01-11 10:13:00

BOA: Air core drilling identifies new nickel target Fraser Range

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

  1. Anomalous intercepts of nickel, copper and cobalt detected at Transline tenements in the northern section of the Fraser Range.
  2. New conceptual target identified at South Plumridge that will form the focus of further investigative exploration in 2023.
  3. Extensive exploration program of works completed in Q4 CY2022 by IGO on Boadicea's ground including aircore drilling, geophysical EM survey and analysis of assays from previous drilling.

2023-01-11 10:06:00

FGL: Capital Raising

FRUGL GROUP LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Frugl Group Limited successfully raised a total of $1,725,000 through a two-tranche placement.
  2. The placement was well supported by domestic and international sophisticated and professional investors.
  3. The issue price represents a 60% discount to the 15-day VWAP and 55% discount to the last close price.

2023-01-11 09:58:00

LGM: Bauloora Awarded Two Government Funding Grants

LEGACY MINERALS HOLDINGS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Legacy Minerals has been awarded a $100,000 drilling grant and a $48,000 geophysics grant for the Bauloora Epithermal Gold Project under the latest New Frontiers Exploration Program by the New South Wales State Government.
  2. The grant demonstrates the prospectivity of Bauloora and the continued NSW Government support for mineral exploration across the state.
  3. This funding will support the first diamond drilling campaign into the Breccia Sinter Prospect.

2023-01-11 09:51:00

AZS: SQM to Invest A$20 Million for 19.99% of Azure

AZURE MINERALS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Global lithium producer SQM has made an initial A$4.2M investment in Azure
  2. Subject to the satisfaction of certain conditions precedent, SQM will invest a further A$15.8M to hold a 19.99% interest in Azure
  3. SQMโ€™s cornerstone investment in Azure is a strong endorsement of the significant lithium potential of the Andover Project

2023-01-11 09:42:00

RMI: High-Grade Lithium Results Confirm Exploration Potential

RESOURCE MINING CORPORATION LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Field work has returned lithium results up to 2.4% Li 2O at Kola project and up to 3.9% Li2O at Hirvikallio project in Finland.
  2. Anomalous Ni โ€“ Cu grades recorded from grab samples at Ruossakero project in Finland.
  3. RMC has executed a Share Swap Agreement to acquire the Finland Projects.

2023-01-11 09:41:00

AUC: AUC Commences Katanning Gold Project DFS

AUSGOLD LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Commencement of Definitive Feasibility Study on 2.16 Moz Katanning Gold Project
  2. Multiple work programs in train focused on resource expansion drilling and regional exploration
  3. 25,000m multi-rig drill program advanced with over 9,000m of drilling already completed

2023-01-11 09:33:00

WGX: Bluebird Expansion and Drilling Update

WESTGOLD RESOURCES LIMITED. ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Record Q2, FY23 mine production of 110,606t at 3.47g/t Au
  2. Outstanding drilling success to the south of current mine plan at the interpreted confluence of Bluebird Deeps and South Junction
  3. Drilling success to north of current mine plan defines mineralisation extensions which are actionable in the near term

2023-01-11 09:31:00

SCL: Trading Update

SCHROLE GROUP LTD ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Schrole Group Ltd increased their invoiced sales by 37% in FY22.
  2. Schrole HR software sales increased by 24% in FY22.
  3. Schrole Develop invoiced sales increased by 63% in FY22.

2023-01-11 09:27:00

JAY: Q2 FY23 Update - Asia Growth Accelerates

JAYRIDE GROUP LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Record high passenger trips booked of 153K in Q2 FY23, up 198% vs Q2 FY22
  2. Net revenue of $1.13M in Q2 FY23, up 186% vs Q2 FY22
  3. $4.4m capital raise successfully completed to support disciplined growth strategy and accelerate the Company to cash flow positive.

2023-01-11 09:24:00

MAT: RC Drilling Commenced at Fortitude North - Lake Carey

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

  1. Priority drilling has commenced at Fortitude North prospect at the Companyโ€™s flagship Lake Carey Gold Project.
  2. Drilling will focus on the northern strike extent of the prospect to establish a maiden resource over that part of the mineralsed zone.
  3. An initial 3,310m is planned for Fortitude North this first quarter.

2023-01-11 09:24:00

BNR: New High Grade Spodumene Pegmatite Identified-Ravensthorpe

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

  1. A newly discovered spodumene bearing pegmatite in the southern part of the Ravensthorpe tenement now grows the Western Pegmatite Trend to 3km in length.
  2. New rock chip assays of 4.81% Li2O, 4.67% Li2O, 4.31% Li2O, and 3.54% Li2O significantly increase the prospectivity of the southern extent of the Western Pegmatite Trend.
  3. Bulletin remains well funded with over $12M in cash and equivalents.

2023-01-11 09:19:00

EFE: Phase 1 Drilling Results - Trigg Hill

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

  1. Assays from phase 1 drilling received
  2. Numerous intercepts of anomalous lithium, tantalum and tin
  3. Peak assay of 1.41% Li2O from spodumene bearing pegmatites

2023-01-11 09:18:00

IXR: Retention Licence 00007 Renewed for a further two years

IONIC RARE EARTHS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. RL 00007 has been renewed for a further two years.
  2. RL 00007 currently has an Inferred Resource of 39 million tonnes at 470 ppm TREO with potential for addition with additional drilling planned for 2023.
  3. RL 00007 expected to be the next tenement that will progress to MLA.

2023-01-11 09:05:00

CPM: King Solomon copper-gold prospect final drilling results

COOPER METALS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Recent drilling has extended the Cu-Au mineralisation to around 170m below historical workings.
  2. Induced polarisation survey indicates mineralisation is likely to extend deeper.
  3. Significant shallow mineralisation intersected at the northern end of King Solomon 2.

2023-01-11 09:02:00

AMO: Ambertech Announces Acquisition

AMBERTECH LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Consideration for the acquisition of the distribution business of Convoy International is anticipated to be, net cash, in the order of $2.8m-$3.0m.
  2. Funding for the acquisition is by way of existing cash reserves.
  3. Initial incremental revenue growth from the transaction is expected to be $4.0M -$5.0M annually, with ongoing growth potential.

2023-01-11 08:55:00

NGS: NGS commences clinical study with sports supplement

NUTRITIONAL GROWTH SOLUTIONS LTD ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Commencement of clinical trial to evaluate the effects of the NGS innovative sports supplement on physical activity performance.
  2. NGS has formulated an innovative nutritional supplement, aimed at completion of the high nutritional requirements of adolescent athletes to help them improve their body composition, exercise performance, and general health.
  3. Clinical trial across 50 healthy soccer players aged 8 -15 years old to determine efficacy and safety of the new supplement versus placebo.

2023-01-11 08:48:00

AAJ: Further High-Grade Lithium-Rubidium Intersected at Mt Deans

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

  1. Results from 21 RC hole - 1,409m second phase drilling at Mt Deans Lithium-Rubidium Project plus results from 7 re-assayed historical holes.
  2. Program has delivered further high-grade lithium-rubidium results with 12 intersections grading >1.5% lithium-rubidium.
  3. High-grade rubidium up to 1.43% with an average of 0.64% Rb.

2023-01-11 08:32:00

NYR: Brain Injury Program Update

NYRADA INC. ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. In vitro safety and toxicology studies commenced 2H CY2022 and are tracking well
  2. No change to start of Phase I study, expected to commence in 1H CY2023, evaluating safety and tolerability of Nyradaโ€™s brain injury drug in two indications, TBI and stroke
  3. Progression of formulation work necessary for intravenous drug administration causes slight delay to preclinical stroke model study; results expected Q1 CY2023

2023-01-11 08:22:00

TLG: Verkor signs non-binding LOI for Talga Anode Supply

TALGA GROUP LTD ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Talga Group Ltd has entered into a non-binding Letter of Intent with French EV battery manufacturer Verkor SA to supply Talgaโ€™s flagship graphite anode product, Talnodeยฎ-C.
  2. The LOI formalises commercial discussions underway between the parties and sets out non-binding terms for Talga to supply Verkor with Talnodeยฎ-C from the Vittangi project.
  3. Talga is allocating its planned anode production across offtake supply agreements in support of the Companyโ€™s project financing strategy, focusing on European customers.

2023-01-11 08:19:00

CDT: Quarterly Activities/Appendix 5B Cash Flow Report

CASTLE MINERALS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Final assay results for the 52-hole, 5,353m RC drill program completed in the September 2022 Quarter were received with results extending the deposit footprint to 2.5km north-south and 0.5km east-west.
  2. A series of sub-parallel lodes within a corridor up to 500m-wide have been outlined with mineralisation remaining open to the north, south and also at depth.
  3. Delivered an independently estimated JORC 2012 Exploration Target.

2023-01-11 08:19:00

LM8: Historical Core Programme Adds to Foster Mineral Resource

LUNNON METALS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Lunnon Metals delivers another first-time Mineral Resource from its Historical Core Programme
  2. Initial Inferred Mineral Resource for the Foster S16C/N14C surfaces of 64,000 tonnes @ 5.7% nickel for 3,700 contained nickel tonnes
  3. Global Mineral Resource now more than double the tonnes and metal reported from when Lunnon Metals listed on the ASX (June 2021)

2023-01-11 08:18:00

HXG: Hexagon Completes WAH2 Scoping Study

HEXAGON ENERGY MATERIALS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Scoping study completed in December 2022 on time and on budget.
  2. Study confirms WAH 2 project concept, identifies opportunities to reduce unit costs, and provides appropriate focus for Preliminary Feasibility Study (PFS).
  3. Targeting FEED entry Q4 2023 and FID Q4 2024, subject to results of PFS.

2023-01-11 08:18:00

EMC: EMC to Acquire up to 100% of Revere Gold Project

EVEREST METALS CORPORATION LTD ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. EMC has entered into an agreement to acquire and earn up to a 100% interest in the Revere Gold Project.
  2. The project covers 82km2 and includes a system of richly endowed Gold Reefs from surface over a 7km strike area.
  3. Potential for near-term mining and gold production through a mobile gravity plant.

2023-01-11 08:18:00

RDT: Lithium exploration drilling underway for 2023

RED DIRT METALS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Five (5) rigs at the Mt Ida Lithium Project
  2. Two (2) rigs at the Yinnetharra Lithium Project, with a third rig due to arrive this quarter
  3. Across both Projects, a total of 150,000 metres drilling is scheduled for 2023

2023-01-11 08:18:00