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News from 9th February, 2023

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IMD: Completion of Retail Component of A$224M Equity Raising

IMDEX LIMITED 🔗 📄 📈

IMDEX Limited has completed the A$ 36 million retail component of its fully underwritten 1 for 6 accelerated pro rata non-renounceable entitlement offer.
The underwritten institutional entitlement offer and institutional placement closed on Friday, 20 January 2023 raising A$185 million.
An extraordinary general meeting is expected in late March 2023 to approve the non-underwritten conditional placement to certain IMDEX directors and management to raise approximately A$3 million.

2023-02-09 15:57:00

HE8: Update of Presidio 52 No.1 Well

HELIOS ENERGY LTD 🔗 📄 📈

Presidio 52#1 is producing 70-80 BOPD and 700,000 cubic feet per day of gas.
Water production has decreased from 2,000 BWPD to 1,200 BWPD.
Helios is evaluating options to increase production rate and unload frack fluid quickly.

2023-02-09 15:06:00

PVW: Significant AC results up to 7,053ppm TREO, opens new areas

PVW RESOURCES LIMITED 🔗 📄 📈

Significant TREO assay results returned from 2022 air-core drilling, including high HREO ratios at 93%.
Multiple new follow-up REE drill targets identified, such as Watts East and Serpa.
Results up to 7,032ppm TREO at Watts East open up new areas for follow-up exploration.

2023-02-09 12:45:00

LEL: Burke Continues to Deliver Exceptional Drilling Results

LITHIUM ENERGY LIMITED 🔗 📄 📈

Assays from 6 further RC drill holes continue to show significant intercepts of exceptionally high grade graphite content over 20% TGC and thick widths at the Burke Graphite Project.
Drilling results will be used to upgrade the current JORC Inferred Mineral Resource of 6.3Mt @ 16% TGC.
Assay results from 16 remaining RC holes and 7 diamond core holes are pending.

2023-02-09 11:53:00

VTX: Drill Results for Red Hill and Hargraves

VERTEX MINERALS LIMITED 🔗 📄 📈

Vertex received drill results from their first infill drilling at Hargraves and last holes drilled at Red Hill.
Significant gold intercepts were found in both Hargraves and Red Hill, with mineralisation remaining open.
Diamond drilling results were obtained in a recently granted EL 9485 area which previously divided the Hargraves Mineral Resource.

2023-02-09 11:05:00

G88: Golden Mile Appoints Damon Dormer as CEO

GOLDEN MILE RESOURCES LTD 🔗 📄 📈

Golden Mile Resources Ltd has appointed experienced mining executive, Mr Damon Dormer as Chief Executive Officer.
Damon's appointment reflects the increasing confidence in Golden Mile's 100% owned Quicksilver Nickel – Cobalt Project.
Damon brings both mining and engineering skills which will be important to progressing the project forward into possible production.

2023-02-09 11:05:00

TZN: Bird in Hand Gold Project Application Refused

TERRAMIN AUSTRALIA LIMITED. 🔗 📄 📈

Terramin Australia Ltd. (ASX: TZN) has been refused a Mining Lease and Miscellaneous Purposes License for its Bird in Hand Gold Project.
The applications were supported by comprehensive studies, which showed no adverse environmental impacts.
The gold deposit was to be extracted through an unobtrusive, single keyhole entry method, with all surface activities being well within accepted standards.

2023-02-09 11:02:00

CDX: CardieX Completes Capital Raising

CARDIEX LIMITED 🔗 📄 📈

CardieX Limited has completed a $4.50 million placement, with strong demand from domestic institutions, family offices and sophisticated investors.
Participants will receive 1 for 2 free-attaching unlisted options, exercisable at $0.50, expiring 1 year from the date of issue.
Funds raised will be used to support new product initiatives and provide additional working capital for existing operations, corporate activities and regulatory requirements for new product launches.

2023-02-09 10:49:00

OEL: Green Canyon 21 Recompletion Set to Recommence

OTTO ENERGY LIMITED 🔗 📄 📈

Seadrill Sevan Louisiana drilling rig has recommenced DTR-10 sand recompletion, with first production expected in Q1 2023.
Operations of Otto's other five producing assets are performing equal to or better than expected.
Otto attended the 30th Anniversary NAPE Summit in Houston and identified several new prospects.

2023-02-09 10:38:00

IMI: 5 Year extension granted for Hillside Exploration E45/4824

INFINITY MINING LIMITED 🔗 📄 📈

Infinity Mining Limited has been granted a five-year extension of term for Exploration Licence E45/4 824.
The 65 sub-blocks cover a total of 397.5 km2 and is part of the Hillside Project in the Pilbara region of Western Australia.
Infinity is seeking all necessary approvals to undertake a drilling program over this tenement during the 2023 field season.

2023-02-09 10:13:00

KPO: KPO TO APPOINT FINANCIAL ADVISORS TO SECURE DIRECT THIRD-PAR

KALINA POWER LIMITED 🔗 📄 📈

KALiNA Power Limited has commenced a process to appoint qualified financial advisors to secure direct investment into their wholly owned Canadian project development company.
Kalina Distributed Power is developing a portfolio of power projects aligned with new Canadian government initiatives, including natural gas power plants utilizing carbon capture & sequestration.
The portfolio currently represents over $3 billion CAD in various stages of project development and contracting.

2023-02-09 10:02:00

AW1: Maiden JORC MRE for West Desert

AMERICAN WEST METALS LIMITED 🔗 📄 📈

Maiden MRE defines 33.7Mt @ 3.83% Zn, 0.15% Cu and 9g/t Ag, including 18.7Mt in an open-pit opportunity and 15Mt in a higher grade underground opportunity.
MRE contains 1.3Mt of zinc, 49Kt of copper and 10Moz of silver, representing a 44% increase over the Foreign 2014 resource.
Considerable potential to significantly expand the maiden resource, including indium and the newly identified high-grade 'Copper Zone'.

2023-02-09 09:54:00

AVR: FDA Grants Expanded Approval for the DurAVR EFS

ANTERIS TECHNOLOGIES LTD 🔗 📄 📈

The US FDA has granted expanded approval for Anteris Technologies Ltd’s DurAVR™ THV System in Subjects with Severe Aortic Stenosis.
This approval removes conditions placed on the study and will allow Anteris to accelerate certain activities related to study execution.
The DurAVR™ THV System is a new class of ‘biomimetic’ aortic heart valve replacement device made with the company’s patented ADAPT® anti-calcification process and innovative tissue-shaping technology.

2023-02-09 09:53:00

AVR: $35M Capital Raise

ANTERIS TECHNOLOGIES LTD 🔗 📄 📈

Anteris Technologies Ltd has placed 1.458 million new ordinary shares to raise $3.5 million.
Proceeds from the Placement will be used for clinical development of DurAVRTM and general working capital purposes.
Participants in the Placement will also receive one attaching unlisted option to acquire an ordinary share with an exercise price of $29.00.

2023-02-09 09:52:00

AX8: High Grade Manganese Drill Results from Woodie Woodie North

ACCELERATE RESOURCES LIMITED 🔗 📄 📈

Infill drilling at Woodie Woodie North Manganese Project reveals broad, high-grade manganese zones with low iron from shallow depths.
Results confirm presence of large, well-developed hydrothermal zones with potential for substantial manganese resources to be delineated.
Area 42 represents first of many outcropping undrilled prospects.

2023-02-09 09:51:00

RIM: Rimfire investigating Ni - Co - Sc recoveries at Melrose

RIMFIRE PACIFIC MINING LIMITED 🔗 📄 📈

Rimfire Pacific Mining has engaged Perth specialist metallurgical services group Independent Metallurgical Operations Pty Ltd to develop a conceptual processing flowsheet.
A 260 kg bulk sample of high-grade material has been submitted for beneficiation and leaching trials.
A 1,000m Melrose RC drill program has commenced in March with the aim of determining lateral extents of Melrose mineralisation.

2023-02-09 09:51:00

R3D: Tartana Copper Resource Increase to 45,000 tonnes

R3D RESOURCES LIMITED 🔗 📄 📈

BMS Pty Ltd estimated an increase in Tartana copper resources based on the Northern Oxide and Tartana in pit drill data.
Total resources of 45,000 tonnes at 0.45% copper using a 0.2% cut-off grade.
Drilling to provide samples for ore sorting testwork and confirm metallurgical testwork with high copper recoveries.

2023-02-09 09:50:00

CU6: Diagnostic prostate cancer trial reaches recruitment target

CLARITY PHARMACEUTICALS LTD 🔗 📄 📈

Clarity Pharmaceuticals has announced its diagnostic 64Cu SAR-bisPSMA trial COBRA (NCT05249127) for patients with prostate cancer has reached its recruitment target.
COBRA is a Phase I/II Positron Emission Tomography (PET) trial of participants with biochemical recurrence (BCR) of prostate cancer following definitive therapy.
The primary objectives of the trial are to investigate the safety and tolerability of 64Cu-SAR-bisPSMA as well as its ability to correctly detect the recurrence of prostate cancer.

2023-02-09 09:48:00

CR9: Corella acquires mining storage facility

CORELLA RESOURCES LTD 🔗 📄 📈

Corella Resources has acquired the Tampu grain storage facility, located 2.5km from the Tampu deposit.
The site consists of a 3,750m2 storage shed, road loading facility, weighbridge, site office with accommodation and a Telstra mobile tower.
This infrastructure will allow for easy access to store and transport mined product to end buyers, with resource definition and exploration assay results expected soon.

2023-02-09 09:47:00

KKO: Strong Gas Results from Core Well 270-06C

KINETIKO ENERGY LTD 🔗 📄 📈

Wireline logging results have established 147m of gassy sandstone pay in the vertical profile.
Gas desorption testing from core hole 270-06C achieved a gas content of nearly 7m3/t and rising.
Drilling of core hole 270-06C extended the potential contiguous gassy sandstone geology south by approximately 64km.

2023-02-09 09:45:00

KAI: Successful Extensional Drilling at the Mt York Gold Project

KAIROS MINERALS LIMITED 🔗 📄 📈

Mt York Gold Project in Pilbara has returned high grade intersections below current resource.
Latest hits include 5m at 4.25 g/t, 7m at 3.35 g/t and 8m at 3.67 g/t.
Results pave the way for further increases in the 1.1Moz resource.

2023-02-09 09:40:00

OZM: Excellent Gold Recoveries - Metallurgical Results Mulgabbie

OZAURUM RESOURCES LIMITED 🔗 📄 📈

ALS Metallurgy in Perth reported up to 88.9% gold recovery via Intermittent Bottle Roll (IBR) testwork from the Mulgabbie North Gold Project.
High gold recoveries, good reagent consumption and rapid leach times suggest potential for future heap leach treatment/development options.
Additional IBR Metallurgical testwork has already commenced with reporting expected in the next month.

2023-02-09 09:19:00

GML: Spartan Delivers Bedrock Gold

GATEWAY MINING LIMITED 🔗 📄 📈

DiscovEx Resources Limited (DCX) has released an announcement detailing drilling results intersecting bedrock gold at the Spartan prospect.
Gateway Mining Limited holds a 20% free carried interest and 1.5% gross revenue royalty in the area, located at Edjudina in Western Australia.
The 80/20 joint venture between DCX and Gateway is over E39/1765 and E39/1882.

2023-02-09 09:18:00

HZN: Significant Increase in WZ12-8E Project Reserves

HORIZON OIL LIMITED 🔗 📄 📈

The WZ12 -8E project 2P developed oil recovery before subtracting production has increased over 150%, from 1.95 mmbbls gross (Horizon net 0.49 mmbbls) to 4.89 mmstb gross (Horizon net 1.24 mmbbls).
The six Phase 1 wells and four Phase 2 wells have resulted in production of 1.20 mmbbls gross (Horizon net 0.32 mmbbls) in the six months to 31 December 2022.
WZ12 -8E project has outperformed pre-drill expectations, averaging ~9,500 bopd gross (Horizon net ~2,500 bopd) in January 2023.

2023-02-09 09:18:00

AGR: Aguia Green Copper - Updated Resource Statement

AGUIA RESOURCES LIMITED 🔗 📄 📈

Aguia Resources Limited's 2022 infill drilling campaign was successful, resulting in a sizable Measured & Indicated Mineral Resources of 22.6 Mt at 0.43% Copper and 2.11 g/t Silver.
The Updated Resource Statement is a significant milestone, as it means no further high-cost drilling is required and allows for the progression to the next stage of the Pre-Feasibility Study.
Both projects are owned 100%, and are metallic green copper and organic phosphate mining projects in southernmost Brazil.

2023-02-09 09:14:00

GTG: Publication Highlights geneType Outperforms Current Models

GENETIC TECHNOLOGIES LIMITED 🔗 📄 📈

GeneType outperforms 5-year and remaining lifetime risk prediction compared to the commonly used clinical models Gail and IBISv7, respectively.
The study results provide further clinical validation for the breast cancer risk score component of recently announced Comprehensive Breast and Ovarian HBOC Risk Test.
GeneType's data collection simplicity makes its adoption attractive.

2023-02-09 09:11:00

RMI: Tanzanian Nickel Exploration Activities to Commence

RESOURCE MINING CORPORATION LIMITED 🔗 📄 📈

Resource Mining Corporation Limited (RMC) has been granted an additional 4 exploration permits in Tanzania by the Ministry of Minerals' Mining Commission.
These permits are located along strike from the Kabanga Nickel project, containing nickel, PGE and copper anomalism.
The permits were applied for in 2021.

2023-02-09 09:09:00

NAE: Maiden Drill Program to Commence at OPQ

NEW AGE EXPLORATION LIMITED 🔗 📄 📈

New Age Exploration Limited is pleased to provide updates on their gold projects OPQ, Manorburn and Marlborough.
A maiden 935m reverse circulation drill program to commence at OPQ Mine in Otago, New Zealand.
Gold assay results from surface sampling at Manorburn Prospecting Permit produce encouraging results.

2023-02-09 09:08:00

DXB: Successful Completion of DSMB Review of Phase 3 FSGS Trial

DIMERIX LIMITED 🔗 📄 📈

The DSMB has recommended the ACTION3 clinical trial continue without changes and noted no safety concerns.
Interim analysis of proteinuria reduction of the first 72 patients on DMX -200 versus placebo at week 35 is expected in the latter half of calendar year 2023.
Patient recruitment is progressing well with 96 enrolled patients across 70 active sites, and FSGS is a rare kidney disease with no existing approved treatment options specifically for sufferers.

2023-02-09 09:04:00

MGT: Iron Peak Mineral Resource Significantly Improved

MAGNETITE MINES LIMITED. 🔗 📄 📈

Iron Peak Mineral Resource increased to 19.4% mass recovery and 503 Mt tonnage.
Razorback Iron Ore Project Mineral Resource increased to 3.3 Bt at 16.0% mass recovery
MGT global Mineral Resources increased to 6.0 Bt, up 4% (Inferred and Indicated).

2023-02-09 08:56:00

L1M: Geophysical interpretation identifies 28 target areas

LIGHTNING MINERALS LTD 🔗 📄 📈

Lightning Minerals has identified 28 priority targets across all tenements for a range of critical minerals.
These targets will be used as the basis for drill program planning for the Dundas Project in Western Australia.
The Company has also identified a lithium-rubidium anomaly above 60ppm and is currently in the process of submitting drill permitting applications.

2023-02-09 08:55:00

NIM: Drilling Campaign Commenced at Rare Earth Carbonatite

NIMY RESOURCES LIMITED 🔗 📄 📈

Nimy Resources have commenced drilling at their Mons Nickel, REE and Lithium Project in WA.
Raglan Drilling are operating under an agreement to receive 50% of costs (up to $1m ) in equity.
Wireline Services have arrived onsite and set up a loop for MLEM survey at the Dease Gossan.

2023-02-09 08:55:00

CRR: High Grade Low Impurity Spodumene Concentrate Produced at ML

CRITICAL RESOURCES LIMITED 🔗 📄 📈

Critical Resources Limited (ASX:CRR) has produced exceptional grade, low-impurity, coarse spodumene concentrate from its 100% -owned Mavis Lake Lithium project in Ontario, Canada.
The results show that the high-grade mineralisation at Mavis Lake readily converts to high-grade, low impurity concentrate, commanding a premium in the market.
The flowsheet is low impact, low risk and has potential to enhance project development and delivery opportunities.

2023-02-09 08:26:00

G1A: Drilling hits northern extension of Abra mineralisation

GALENA MINING LIMITED 🔗 📄 📈

Two underground diamond drill holes confirmed presence of Abra style mineralisation with multiple lead, silver and copper intercepts.
Existing Mineral Resource estimate constrained to north by Abra Fault and does not include newly identified mineralisation.
Newly encountered mineralised zone remains within mining reach of existing mine plan.

2023-02-09 08:18:00

FEG: Woyla Update - Gold and Silver Recoveries

FAR EAST GOLD LTD 🔗 📄 📈

Far East Gold Limited (ASX: FEG) has received preliminary metallurgical test results from 3 samples of Woyla drill core, which have returned excellent recoveries of 91% for gold and 86% for silver.
The Company’s Woyla Copper Gold Project is located in the Aceh Province, Indonesia, with four main epithermal vein systems having a combined strike length of 13,000m.
The Company has commenced its Phase 2 diamond drill program at Woyla.

2023-02-09 08:18:00

ZNC: Major New Lithium Target at Split Rocks

ZENITH MINERALS LIMITED 🔗 📄 📈

Zenith Minerals has identified a new lithium geochemical target at its Split Rocks Lithium Project in Western Australia.
The target is 9km long by 2km wide with peak auger soil value of 117ppm Li and has not been previously drill tested.
The project is located approximately 40km south of the regional town of Marvel Loch and is being explored as part of the Zenith Lithium Joint Venture with EV Metals Group.

2023-02-09 08:18:00

CYL: Visible gold at new Iris Zone at Four Eagles project

CATALYST METALS LIMITED 🔗 📄 📈

Drilling resumed at Four Eagles Gold Project and returned visible gold samples.
Iris Zone extends over 350 metres in strike length, with assays up to 150 g/t Au.
Potential to change project economics, as Iris Zone adds to the number of high-grade zones close to proposed exploration tunnel.

2023-02-09 08:17:00

AGN: Preclinical Data Shows ARG007 Inhibits a Cause of Alzheimers

ARGENICA THERAPEUTICS LIMITED 🔗 📄 📈

Argenica Therapeutics Limited has pre-clinically shown that ARG-007 significantly inhibits the aggregation of Amyloid-Beta, which is linked to Alzheimer's Disease.
At 16 hours after administration, a 25 µM dose of ARG-007 reduced A beta aggregation by more than 50%.
The global Alzheimer's therapeutics market size was valued at USD4.04 billion in 2021 and is expected to grow with a CAGR of 16.2% from 2022 to 2030.

2023-02-09 08:16:00

DEG: Mallina Gold Project - Project Financing Update

DE GREY MINING LIMITED 🔗 📄 📈

Expressions of interest sought from leading financial institutions for traditional project debt funding.
14 non-binding proposals received, indicating a capacity of approx. $800 million based on the Company’s September 2022 Prefeasibility Study.
Commercial terms consistent with Tier 1 quality and jurisdiction of the Project; strong response as De Grey progresses Definitive Feasibility Study.

2023-02-09 08:16:00

BC8: Paulsens Repeat Drilling Shows the System is Live

BLACK CAT SYNDICATE LIMITED 🔗 📄 📈

Black Cat Syndicate Limited has completed initial three diamond holes exploring the Paulsens Repeat target located ~200-300m below the decline.
The target is up to 1,250m long and plunges to the west broadly parallel to the main Paulsens lode.
Drilling results validate the new geology model and provide encouraging indicators of quartz-carbonate-sulphide vein swarms within highly sheared metasedimentary rocks.

2023-02-09 08:15:00

DCX: Spartan delivers bedrock gold

DISCOVEX RESOURCES LIMITED 🔗 📄 📈

151 aircore (AC) holes completed at the Spartan Prospect returned composite results.
Single metre splits returned from phase 1 composite assays.
Three high-priority bedrock gold drill targets generated with significant intersections of 1m@3.42g/t Au from 82m within 4m@1.24g/t Au from 82m.

2023-02-09 08:15:00

TWR: Further Update on Auckland & North Island Weather Event

TOWER LIMITED 🔗 📄 📈

Tower Limited has seen 3,600 customers lodge 4,810 insurance policy claims.
The majority of claims are for flooding, with some associated landslides.
Tower remains financially strong, with robust reinsurance cover and a well-capitalised balance sheet.

2023-02-09 07:30:00

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