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News from 13th January, 2023

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IMD: IMDEX INITIATES CORNERSTONE INVESTMENT IN SAAS BUSINESS KRUX

IMDEX LIMITED 🔗 📄 📈

  1. IMDEX Limited has entered into a Heads of Agreement to acquire a 40% interest in Krux Analytics Inc for $6.42m cash.
  2. Krux develops market leading drilling analytics software, focussing on the collection and analysis of exploration and production drilling data in real time.
  3. The investment provides an opportunity to enhance IMDEX's drilling data origination and analysis capabilities, accelerate the delivery of the Company's next generation IMDEX MOBILE™ software, support the digitisation of IMDEX's customer base, and provide access to Krux's existing customer base.

2023-01-13 19:11:00

OLI: Monthly Activities/Appendix 4C Cash Flow Report

OLIVER'S REAL FOOD LIMITED 🔗 📄 📈

  1. The Company recorded its fourth consecutive month of EBIT profit.
  2. Cash flows from operating activities were $372k for the month and $632k for the December quarter.
  3. Unaudit ed EBIT for December was $ 231k on sales of $2.654m.

2023-01-13 14:48:00

GW1: Completion of Placement to NIO

GREENWING RESOURCES LTD 🔗 📄 📈

  1. Greenwing Resources Ltd has completed the placement of 21,818,182 fully paid ordinary shares to NIO for in aggregate A$12,000,000.
  2. NIO has been granted a call option to acquire between 20% to 40% of the issued capital of Andes Litio SA.
  3. NIO's nominee Mr Alan Zeng has been appointed to the Greenwing board of directors.

2023-01-13 11:23:00

RNE: Completion of First Tranche Investment in Vaulta

RENU ENERGY LIMITED 🔗 📄 📈

  1. ReNu Energy Limited (ReNu Energy) has completed the first tranche investment of $250,000 in Vaulta Holdings Pty Ltd (Vaulta).
  2. The investment is up to $1 million to acquire up to a 20% post money interest in Vaulta.
  3. The investment provides the company with exposure to a technology solution that reduces the creation of battery waste.

2023-01-13 11:02:00

EDE: EdenCrete- GDOT Bridge Trial Results

EDEN INNOVATIONS LTD 🔗 📄 📈

  1. EdenCrete® has received the results from the two and a half year-long field trial on the Little River Bridge in Georgia
  2. Compared to the reference, the EdenCrete® delivered 37.5% reduction in chloride concentration at 14.5 mm depth
  3. Compared to the reference, the EdenCrete® delivered 50% reduction in chloride concentration at 18 mm depth

2023-01-13 10:55:00

NXT: A$400 million Incremental Senior Debt Facility

NEXTDC LIMITED 🔗 📄 📈

  1. NEXTDC Limited has entered into a Syndicated Facility Agreement in relation to a new A$400 million senior debt facility to fund ongoing incremental growth.
  2. On pro-forma basis, allowing for the New Facility, NEXTDC would have liquidity of approximately A$2.0 billion, including cash of approximately of A$464 million and undrawn facilities of A$1.5 billion as at 31 December 2021.
  3. The additional debt capacity is expected to provide NEXTDC with additional headroom to fund its medium to longer term growth aspirations.

2023-01-13 10:24:00

BCN: Beacon Enters into Forward Gold Sales at $2,729 per Ounce

BEACON MINERALS LIMITED 🔗 📄 📈

  1. 6,000 ounce forward gold contract at an average net gold price of A$2,729 per ounce
  2. A$95 per ounce increase from the quarter ended 31 December  2022 average gold price of A$2,634
  3. A$150 per ounce increase from the six months ended 31 December  2022 average gold price of A$2,579

2023-01-13 10:17:00

ETM: Areas of Lithium Prospectivity Identified at Villasrubias

ENERGY TRANSITION MINERALS LTD 🔗 📄 📈

  1. Results from an aeromagnetic survey provide support for a follow up drill program targeting lithium mineralization at Villasrubias.
  2. Survey defined two zones with contrasting geophysical character and highlight prospective trends.
  3. Drill program to commence in January 2023.

2023-01-13 10:15:00

HCH: Next Phase of Copper-Gold Growth Begins

HOT CHILI LIMITED 🔗 📄 📈

  1. Drilling has commenced across the recently secured western extension to the Cortadera copper-gold discovery.
  2. The initial programme, comprising approximately 10,000m of drilling, will test four porphyry targets.
  3. Hot Chili has more than doubled the prospective strike length of the discovery from 2.3km to 5.2km.

2023-01-13 10:02:00

EUR: Non-binding MOU executed to build & operate hydroxide plant

EUROPEAN LITHIUM LIMITED 🔗 📄 📈

  1. EUR has signed a non-binding MoU with Obeikan Investment Group to build and operate a hydroxide plant in Saudi Arabia.
  2. A 50:50 JV between parties.
  3. Reduction in Opex energy costs will create significant savings for the Wolfsberg Project.

2023-01-13 09:47:00

ALY: Spodumene and Lepidolite Identified in Pegmatites at Karonie

ALCHEMY RESOURCES LIMITED 🔗 📄 📈

  1. Final assays from Karonie lithium drill program confirm fertile LCT Pegmatites at the Hickory Prospect.
  2. Mineralisation occurs as spodumene and lepidolite, confirmed via chemical assays, Laser Induced Breakdown Spectroscopy (“LIBS”) and ultraviolet response.
  3. Numerous high tenor targets remain to be tested under cover to the north.

2023-01-13 09:37:00

LPI: LPI commences drilling at Greenbushes Lithium Project

LITHIUM POWER INTERNATIONAL LIMITED 🔗 📄 📈

  1. LPI has commenced its inaugural drilling program at its East Kirup lithium prospect located in the Greenbushes region of Western Australia.
  2. LPI's Western Australian projects are held by Western Lithium Ltd, a 100% owned subsidiary company.
  3. Western Lithium is to be demerged from LPI in the first half of 2023, subject to market conditions and shareholder approval, thereby potentially creating additional value for LPI shareholders.

2023-01-13 09:26:00

COD: Final Assay Results Received from Cameron River, QLD

CODA MINERALS LTD 🔗 📄 📈

  1. Final assay results received from drilling of multiple targets at Cameron River during September and October 2022.
  2. Results are in-line with previous visual guidance, with the holes intersecting several intervals of low-grade anomalous copper with a best intercept of 4m at 0.59% Cu plus anomalous gold, silver and cobalt.
  3. Highly anomalous cobalt results reported from localised areas, with follow-up to be considered.

2023-01-13 09:14:00

360: Further acceleration of path to profitability

LIFE360 INC. 🔗 📄 📈

  1. Continued strong CY22 Q4 momentum, especially in Membership, with core Life360 subscription revenue (excluding Tile and Jiobit) growth exceeding 54%, in line with guidance
  2. Confirmation of year end cash position meeting guidance, with cash balance of $90 million at 31 December 2022, adjusted for $32 million of net placement proceeds
  3. Organizational restructure announced, bringing forward by a quarter positive Adjusted EBITDA and Operating Cash Flow to CY23 Q2

2023-01-13 09:12:00

G1A: First Concentrate Produced at Abra

GALENA MINING LIMITED 🔗 📄 📈

  1. First concentrate was produced at Galena Mining Ltd's Abra Base Metals Mine yesterday.
  2. The commissioning of the processing plant is progressing quickly and concentrate production shows initial process flow continuity.
  3. The focus is on achieving the plant's processing design criteria and work towards first product shipment in Q1 CY2023.

2023-01-13 09:10:00

AMX: Aerometrex announces largest LiDAR contract win

AEROMETREX LIMITED 🔗 📄 📈

  1. Aerometrex Limited (ASX: AMX) has been awarded a significant contract of work with an Australian Federal Government Agency.
  2. The value of the purchase order is $1.88 million (GST exclusive).
  3. This contract win validates the company’s decision to continue to invest in their LiDAR business.

2023-01-13 08:48:00

MGU: MGU showing an additional 407m-540m tonnes of fe

MAGNUM MINING AND EXPLORATION LIMITED 🔗 📄 📈

  1. Independently calculated Exploration Target Estimate has been derived for the Buena Vista Green Pig Iron Project
  2. Twenty-one targets defined, seventeen targets with no previous drilling
  3. Potential to grow the Buena Vista iron resource to be one of the largest in the western USA

2023-01-13 08:18:00

EMC: Mt Edon drilling results highlight extensive pegmatite field

EVEREST METALS CORPORATION LTD 🔗 📄 📈

  1. Phase 1 Due Diligence reconnaissance drill program included 507m of RC drilling from 24 holes
  2. Pegmatites are highly anomalous in terms of Lithium, Caesium, Tantalum and Rubidium
  3. EMC intends to exercise its exclusive right to farm-in to earn 51% beneficial interest in the Mt Edon Project ML 59/714

2023-01-13 08:18:00

MOM: Gold Results at Mt Amy Project, WA

MOAB MINERALS LIMITED 🔗 📄 📈

  1. Assay results received for gold soil sampling program completed in November 2022
  2. Strong gold in soil anomaly generated which justifies follow-up sampling to define full extent
  3. Other anomalies to be followed-up as justified

2023-01-13 08:17:00

BC8: Gabbro Vein Results Continue to Deliver - Paulsens

BLACK CAT SYNDICATE LIMITED 🔗 📄 📈

  1. 19 diamond drill holes were completed into the Gabbro Veins during the December 2022 quarter.
  2. Drilling into the Gabbro Veins continues to be highly encouraging with all holes intersecting quartz-sulphide veins within altered gabbro, as predicted by the new geology model.
  3. Multiple vein swarms have been intersected with new significant assays.

2023-01-13 08:17:00

MTR: Sandfire Disposal and Margin Lending Facility Update

METAL TIGER PLC 🔗 📄 📈

  1. Metal Tiger plc has sold 200,000 Sandfire Shares at an average price of A$6.105 per share raising gross proceeds of approximately A$1.221m.
  2. Of the net sale proceeds, A$337k will be applied to reducing the outstanding loan balance on the new A$15m Margin Lending and Drawdown Facility.
  3. Following the above disposal, Metal Tiger has 4,562,626 Sandfire Shares within the Facility against an outstanding loan balance of A$7.579m.

2023-01-13 08:17:00

JRL: Dynamic Metals Raises $7m in IPO - To List on ASX

JINDALEE RESOURCES LIMITED 🔗 📄 📈

  1. Dynamic Metals Limited has successfully completed its Initial Public Offering (IPO) to raise up to a maximum of $7 million.
  2. The IPO was oversubscribed and the Dynamic shares were issued on 11 January 2023.
  3. Dynamic is expected to commence trading on the ASX at 9:00am (AWST) on Monday, 16 January 2023.

2023-01-13 08:16:00

PEB: Te Whatu Ora - Southern Commercial Agreement Completed

PACIFIC EDGE LIMITED 🔗 📄 📈

  1. Pacific Edge announced the completion of a commercial agreement with Te Whatu Ora – Southern for the use of its non-invasive Cxbladder genomic biomarker tests.
  2. The signing of the Contract was delayed on the 22nd September 2022, but has now been received.
  3. Pacific Edge is a global cancer diagnostics company that has developed a portfolio of non-invasive tests for the early detection and management of cancer.

2023-01-13 08:04:00