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News from 21st February, 2023

*Disclaimer

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RED: Red 5 launches capital raising

RED 5 LIMITED 🔗 📄 📈

Red 5 has launched a bookbuild to raise A$80m and a Share Purchase Plan to raise a further A$8m, with the ability to accept oversubscriptions of up to A$2m.
The proceeds will be used to ensure Red 5 is well funded, with sufficient working capital and balance sheet flexibility for future investments.
Placement and SPP offer price of A$0.135 per share represents a 22.9% discount to the last closing price and a 24.5% discount to the 5-day VWAP.

2023-02-21 15:52:00

ICG: Final Assay Results for Frewena Reconnaissance Drill Program

INCA MINERALS LIMITED 🔗 📄 📈

Drill-holes FW220002/2A, FW220006, FW220009 and FW220010 within the Mount Lamb gravity and magnetic trend all return zones of subtle anomalous polymetallic geochemistry.
FW220004 returned patchy but anomalous levels of Cu, As, Co, Fe and Zn in hematite-chlorite-carbonate-biotite altered meta-volcanics, plus sediment-hosted phosphorus (P).
Metal and alteration associations are considered very positive and demonstrate a fertile mineral system which is considered prospective for the discovery of large-scale IOCG and SEDEX mineral systems.

2023-02-21 15:10:00

BOA: Acquisition of advanced Cat Camp lithium project

BOADICEA RESOURCES LIMITED 🔗 📄 📈

Acquired 100% of Cat Camp lithium project, E63/2050.
Located in northern extension of Lake Johnston greenstone belt, which hosts several lithium projects.
Adds to the current four lithium projects within Boadicea tenement portfolio.

2023-02-21 14:32:00

QPM: Strategic Partnership With Carbon Logica

QUEENSLAND PACIFIC METALS LIMITED 🔗 📄 📈

QPM Energy and Carbon Logica have entered a strategic partnership to accelerate the development of carbon abatement projects in the Northern Bowen Basin.
The partnership will assist in providing secure gas supply to the TECH project, as well as producing CO2 negative battery metals for the electric vehicle sector.
Cornerstone shareholders in Carbon Logica have a long track record of investing in carbon abatement projects.

2023-02-21 13:48:00

CRL: CRL Acquisition - Strategic Qld Copper Project from Glencore

COMET RESOURCES LIMITED 🔗 📄 📈

Comet to acquire 100% of Mt Margaret Copper Project from Glencore.
Company to raise $27m to fund acquisition and initial post-acquisition pre-development activities.
Glencore to provide 3-year loan of $27m to Comet, substantially reducing up front dilution for Comet shareholders.

2023-02-21 13:37:00

CXM: Marketing Agreement Signed with Samsung C&T Corporation

CENTREX LIMITED 🔗 📄 📈

Centrex signed a marketing services agreement with Samsung C&T.
Samsung C&T was appointed as the sole and exclusive agent for sales into large markets of Korea, Japan, Indonesia, India, Mexico, and Taiwan.
20% of production at Ardmore was allocated to Samsung C&T.

2023-02-21 12:09:00

CXZ: Market Update

CONNEXION TELEMATICS LTD 🔗 📄 📈

Connexion's cornerstone OEM customer has agreed to extend the supply of the Connexion Platform to all its Courtesy Transportation Program (CTP) participating dealerships.
The extension takes effect from January 2023, and is expected to be formalised in due course via an Extended Agreement.
The Company expects a subsequent uplift in monthly subscription revenue of approximately US$250k.

2023-02-21 10:52:00

LAU: CEO and MD Retirement

LINDSAY AUSTRALIA LIMITED 🔗 📄 📈

Kim Lindsay has been the Managing Director and CEO of Lindsay Australia since 2002.
Under Kim's leadership, Lindsay Australia has grown to become one of Australia's largest transport companies, employing over 1,500 people.
Mr Lindsay will be retiring on 30 June 2023.

2023-02-21 10:41:00

BRK: Wolf Pack Well in Production

BROOKSIDE ENERGY LIMITED 🔗 📄 📈

The Wolf Pack Well has successfully achieved commercial production and sales early in the flow-back operations.
The Company has sold material volumes of oil and gas and achieved a record three months from spud to first sales.
Oil and gas sales will continue and the Company will report IP24, IP30 and IP90 rates as they are achieved.

2023-02-21 10:19:00

ASO: 1.044 Billion Tonne Maiden Nickel-Cobalt Mineral Resource

ASTON MINERALS LIMITED 🔗 📄 📈

Independent Maiden Mineral Resource in accordance with JORC 2012 Edition guidelines defined across Boomerang Nickel Sulphide System at a 0.265% Ni Eq1 Cut Off Grade.
Initial metallurgical testing by XPS, a division of Glencore, has confirmed ability to recover nickel and cobalt sulphide at a saleable product specification - 71.8% Ni recovered to rougher flotation concentrate.
Total Global Resource of 1,044 Mt at 0.27% Ni, 0.011% Co (0.30% Ni Eq1).

2023-02-21 10:14:00

BIT: International Presentation of BIT225 COVID-19 Data

BIOTRON LIMITED 🔗 📄 📈

Biotron is presenting COVID-19 data from studies with its lead antiviral drug BIT225 at the 30th Conference on Retroviruses and Opportunistic Infections (CROI).
The paper presents data confirming that BIT225 targets the E protein of SARS-CoV-2, which is central to initiating the SARS-CoV-2-induced adverse inflammatory cascade.
Data from the study of BIT225 in the K18-hACE2 transgenic mouse model of COVID was also presented.

2023-02-21 10:08:00

BUR: Burleys Drilling Approvals Granted Chubb Li Project

BURLEY MINERALS LTD 🔗 📄 📈

The Chubb Lithium Project has been granted both drilling and environmental permits.
A 5,000m diamond core drilling program has been awarded and is scheduled to commence in March.
SGS Laboratories have been contracted to provide metallurgical testwork and core analyses.

2023-02-21 09:57:00

MOH: Nickel Exploration Update Dukes Prospect

MOHO RESOURCES LIMITED 🔗 📄 📈

Heritage survey established that there are no sacred, ritual, burial or ceremonial Aboriginal sites within the project area.
Surface electromagnetic (EM) survey planned over the full length of the interpreted Dukes ultramafic unit.
Program of Works submitted to DMIRS for follow up RC drilling; funds to be boosted with expected R&D rebate.

2023-02-21 09:56:00

G88: Drilling Commenced at Quicksilver Nickel-Cobalt Project

GOLDEN MILE RESOURCES LTD 🔗 📄 📈

PQ Diamond Drilling has commenced at Quicksilver for a total of 8 holes totalling 540m.
Stage 3 metallurgical test work is needed to de-risk the proposed flowsheet and provide confidence to proceed to a Scoping Study.
The downstream processing of nickel and cobalt, as well as assessment of potential REE by-products, will also be tested.

2023-02-21 09:53:00

ELT: Significant mineralisation outside Oropesa Resource

ELEMENTOS LIMITED 🔗 📄 📈

Elements Limited (ASX: ELT) has intersected two zones of polymetallic mineralisation in its first exploration drill hole north-west of the Oropesa Mineral Resource.
Drill hole ADD-04 identified semi-massive to massive sulphide mineralisation from 99.2m downhole.
Notable assay results include 19.7m @ 0.12% Sn, 0.96% Zn & 0.7% Cu from 93.7m.

2023-02-21 09:50:00

RNX: Significant copper-gold mineralisation confirmed at Mongoose

RENEGADE EXPLORATION LIMITED 🔗 📄 📈

Multiple copper-gold gossanous zones identified at Mongoose.
Main gossan zone extends 500m, with rock sampling returning 15.6% Cu & 0.52g/t Au and 8.81% Cu & 4.12g/t Au.
Reverse circulation drilling planned for late February.

2023-02-21 09:50:00

AKE: Mt Cattlin Production Update

ALLKEM LIMITED 🔗 📄 📈

Grade control drilling at Mt. Cattlin has confirmed the location and grade of ore that will be mined over the remainder of H2 FY23
Production for the June half is expected to be 80,000-90,000 tonnes, with annual production of 114,000-124,000 tonnes
Results from the drilling have confirmed Company expectations that production will increase as mining moves into more central zones

2023-02-21 09:49:00

VTX: Samples Confirm High Grade in Process Plant Stockpile

VERTEX MINERALS LIMITED 🔗 📄 📈

Vertex has discovered an average grade of 4.02 g/t Au in a stockpile located near the Company's crusher.
An independent consultant estimated the stockpile contains 35,000 tonnes.
Vertex plans to run a bulk sample through its Hill End Gravity Plant for recovery.

2023-02-21 09:48:00

SLB: Trident Lithium Project Technical Update

STELAR METALS LIMITED 🔗 📄 📈

Trident Lithium Project hosts lithium-rich LCT-Type fractionated pegmatites.
Historic mines in the Euriowie Tin Field have yielded high-grade lithium samples.
Spodumene potential of LCT pegmatites yet to be tested by drilling; field work commencing this week.

2023-02-21 09:44:00

ASN: Anson Delivers Positive Hydro Power Study at Paradox Project

ANSON RESOURCES LIMITED 🔗 📄 📈

Anson identified a potential for up to 7MW of green energy generated from brine extraction and transportation for the Paradox Project.
Up to 4MW of power may be generated from each of the brine recovery wells and 3MW from the lithium extraction plant.
Anson to conduct further studies and technologies to meet its goal of producing lithium with low carbon emissions.

2023-02-21 09:39:00

CCV: CCV enters Enforceable Undertaking with AUSTRAC

CASH CONVERTERS INTERNATIONAL 🔗 📄 📈

Cash Converters International Limited entered an Enforceable Undertaking with AUSTRAC.
The EU follows an investigation by AUSTRAC into Cash Converters' compliance with Australia's anti-money laundering and counter-terrorism financing laws.
No fine has been imposed as a part of this EU.

2023-02-21 09:34:00

MXR: Drilling commences at priority gold and nickel targets

MAXIMUS RESOURCES LIMITED 🔗 📄 📈

6,500m multi-target gold and nickel drilling program underway.
Drill programme includes several high-priority nickel and gold targets, including maiden program at Kemble gold prospect.
Nickel drill programmes aim to define basal contact and geochemistry to vector in on prospective targets for follow-up drilling.

2023-02-21 09:33:00

NKL: Detailed Sampling Commences on High Priority Targets

NICKELX LIMITED 🔗 📄 📈

A detailed sampling program has commenced at the Dalwallinu project following a close spaced drone Magnetic Survey.
Previous surface geochemistry sampling recorded some of the highest Western Yilgarn PGE recordings.
The program is anticipated to be completed within the week with assays returned by the end of the March Quarter.

2023-02-21 09:31:00

CCV: CCV Expected Non-Cash Goodwill Impairment

CASH CONVERTERS INTERNATIONAL 🔗 📄 📈

Cash Converters International Limited (ASX: CCV) is expecting to recognise a one-off, non-cash, pre-tax impairment charge in the range of $90 million to $110 million in their financial results for the half year ended 31 December 2022.
This anticipated impairment is due to Federal Parliament passing legislative changes in December 2022, which include Financial Sector reforms relating to Small Amount Credit Contracts (SACC).
These changes reflect an anticipated diminishing strategic contribution of SACC loan products to the Company’s earnings from FY2024 onwards.

2023-02-21 09:25:00

ALM: Further broad zones of copper mineralisation at Briggs, QLD

ALMA METALS LIMITED 🔗 📄 📈

Core drilling continues at the Briggs Copper Project in Central Queensland to test large scale targets along strike from the 143Mt at 0.29% Cu inferred resource.
Assays for 22BRD0014, which intersected a 140m well mineralized porphyritic intrusive, are expected in early Q2, 2023.
Alma can earn up to a 70% joint venture interest in the Briggs Copper Project.

2023-02-21 09:21:00

SGQ: Lithium Drilling Underway at Mt Alexander

ST GEORGE MINING LIMITED 🔗 📄 📈

Reverse circulation and diamond drilling will take place at Mt Alexander in H1 2023, testing numerous pegmatites mapped across the 15 km corridor.
Drilling will also assess down-dip continuity and potential for thickening of the lithium pegmatites intersected in the 2022 drilling.
St George is well-funded and has the support of its strategic partners to expand drilling and ramp up exploration activities based on results.

2023-02-21 09:19:00

CXL: Calix announces agreement with Heirloom for DAC

CALIX LIMITED 🔗 📄 📈

Leilac, a Calix subsidiary, has signed an MOU for a perpetual global licence and collaboration agreement with Heirloom for carbon dioxide removal.
The royalty will have a floor price set at US$3/tonne of CO2 or 3.5% of the prevailing CO2 price.
Heirloom will contribute $3m towards mutually agreed upon DAC and lime-related research and development activities.

2023-02-21 09:17:00

PGM: New gold exploration target identified at Xanadu Project WA

PLATINA RESOURCES LIMITED 🔗 📄 📈

Platina Resources Limited has identified a major gold prospect - Hermes - at its Xanadu Project in Western Australia’s Ashburton Basin.
Hermes shares a similar mineralisation style and is situated on the same fault structure that hosts the 1.4 Moz Mt Olympus gold deposit.
Recent field visit confirmed widespread outcropping gold mineralisation, with some rock chip samples returning over 0.26 g/t.

2023-02-21 09:16:00

FRE: FRE files EU Paediatric Investigation Plan for Nasodine

FIREBRICK PHARMA LIMITED 🔗 📄 📈

Firebrick Pharma Limited (ASX: FRE) has filed a Paediatric Investigation Plan (PIP) for Nasodine® Nasal Spray (Nasodine) with the European Medicines Agency (EMA) Paediatric Committee (PDCO).
The PIP is aimed at ensuring that necessary data is obtained through studies in children, to support the authorisation of a medicine for use in children and not just in adults.
Filing the PIP at this time is critical to achieving Firebrick's planned filing of the Nasodine MAA later this year.

2023-02-21 09:16:00

MBK: Livingstone Delivers Updated Shallow Mineral Resource

METAL BANK LIMITED 🔗 📄 📈

Updated JORC 2012 Homestead Mineral Resource Estimate converts 83% to indicated classification
MRE comprises 40,300 oz using 0.5g/t cutoff with a resource grade of 1.42g/t gold
Resource extension and exploration drilling at Livingstone's Kingsley East, Livingstone North, Stanley, Dampier and VHF prospects planned to commence in Q2 2023

2023-02-21 09:13:00

RIM: Successful Placement

RIMFIRE PACIFIC MINING LIMITED 🔗 📄 📈

$1.2M raised through a Share Placement with funds to underpin exploration activities on NSW based copper and cobalt projects.
Directors have agreed to participate subject to shareholder approval, with strong support from existing shareholders and sophisticated investors.
Diamond drilling program to commence at the Valley copper target this week, with high priority drill targets at Broken Hill Cobalt Project to be tested in coming months.

2023-02-21 09:11:00

FBM: Exploration Update - Kangaroo Hill Lithium Project

AUROCH MINERALS LTD 🔗 📄 📈

Phase 1 RC drilling programme at KHLP completed with 14 drill holes for 3,440m.
Drilling intercepted pegmatite lithologies in 12 out of 14 drill holes.
All pegmatite samples have been submitted for assay and target generative geophysical review has commenced.

2023-02-21 09:04:00

AOU: Exploration Update - Kangaroo Hill Lithium Project

AUROCH MINERALS LTD 🔗 📄 📈

Phase 1 RC drilling programme at KHLP completed with 14 drill holes for 3,440m.
Drilling intercepted pegmatite lithologies in 12 out of 14 drill holes.
All pegmatite samples have been submitted for assay and target generative geophysical review has commenced.

2023-02-21 09:04:00

SRZ: Robust Results from Initial Phase 2B holes at Severn

STELLAR RESOURCES LIMITED 🔗 📄 📈

Assay results from hole ZS156 returned the fifth-best significant intercept recorded to date at Severn on a tin grade thickness basis (Sn%*m) with an outstanding intercept of 42.9m @ 0.77% Sn, extending the north-plunging, high tin grade thickness zone by ~100m down dip and ~100m to the north.
Phase 2B drilling program (8 diamond holes for 3,680m) underway is focused on growing the Severn Indicated Mineral Resource in wide high-grade areas of the deposit.
Hole ZS159 commenced on 14 February 2023 and is currently at 140m of the 350m planned depth.

2023-02-21 08:57:00

MNS: Magnis Signs Offtake Agreement

MAGNIS ENERGY TECHNOLOGIES LTD 🔗 📄 📈

Magnis has entered into a Binding Offtake Agreement with Tesla for the supply of Anode Active Materials (AAM) beginning in February 2025.
The agreement requires Magnis to supply a minimum of 17,500 tonnes per annum (tpa) of AAM, with an option to increase up to 35,000tpa.
Magnis will commence large scale pilot plant development for both AAM and Nachu graphite concentrate immediately.

2023-02-21 08:50:00

ILU: Balranald Development - Final Investment Decision

ILUKA RESOURCES LIMITED 🔗 📄 📈

Average annual production of 60ktpa rutile; 50ktpa zircon; 50-70ktpa synthetic rutile; 4ktpa rare earth concentrate (REC); and 150ktpa sulphate ilmenite.
Capital cost of $480 million and construction period of 18 months with first production expected in H1 2025.
Net present value of $400 million with a significant technology evolution.

2023-02-21 08:42:00

UBI: UBI launch another new Sentia Test

UNIVERSAL BIOSENSORS INC. 🔗 📄 📈

Universal Biosensors, Inc. has launched an Acetic Acid biosensor test as the 5th test available on the Sentia wine testing platform.
Acidity in wine is of utmost importance for its quality and taste, and high levels of Acetic acid are considered a fault.
Continuous monitoring of Acetic acid is therefore important for wineries in the northern hemisphere during fermentation and maturation periods.

2023-02-21 08:32:00

ADG: Drilling Program Planned for Caledonian & Swift

ADELONG GOLD LIMITED 🔗 📄 📈

March 2023 drilling program to include Caledonian and Sawpit deposits
Drilling at Caledonian to target potential extensions and initial drilling at Sawpit to assess potential for maiden resource
Broad exploration plans to generate future drill targets for Lady Mary to Sawpit Line and Caledonian to Fletchers Deposits.

2023-02-21 08:25:00

PEK: Registration of Tanzanian Entities

PEAK RARE EARTHS LIMITED 🔗 📄 📈

Peak Rare Earths Limited has registered and incorporated two entities in Tanzania, Mamba Minerals Corporation Limited and Mamba Refinery Corporation Limited.
Mamba Minerals Corporation Limited will hold the Special Mining Licence for the Ngualla Rare Earth Project upon its formal grant.
Mamba Refinery Corporation Limited will own and operate any future Tanzanian refining and downstream operations.

2023-02-21 08:05:00

EMV: Clinical Trial Stage 1 Enrolment Completed

EMVISION MEDICAL DEVICES LTD 🔗 📄 📈

The pre-validation phase of the clinical trial is tracking well, with 30 participants having been successfully enrolled and scanned at Liverpool Hospital.
Early indications from an engineering review of an initial cohort are promising, with high quality signals obtained from the EMVision 1st Gen scanner for the healthy baseline scans.
The data alongside ground truth segmented MRIs is being used to advance EMVision’s Artificial Intelligence algorithms and other imaging tech.

2023-02-21 08:03:00

CBY: Further broad zones of copper mineralisation at Briggs

CANTERBURY RESOURCES LIMITED 🔗 📄 📈

Core drilling continues at Briggs Copper Project in Central Queensland, testing large scale targets.
Second hole successfully completed and intersected multiple mineralized porphyritic intrusions.
Assays from the second hole expected in early Q2, 2023.

2023-02-21 07:57:00

PDI: High-Grade Intercept Extends Underground Mineralisation

PREDICTIVE DISCOVERY LIMITED 🔗 📄 📈

Deep drilling at the NE Bankan deposit intersects 12.85m @ 6.02g/t outside the current Underground Mineral Resource.
Excellent infill drilling results from the bottom half of the resource pit shell, including 32m @ 5.92g/t from 471m, 44m @ 3.64g/t from 451m and 48m @ 2.88g/t from 457m.
GAIP surveys have commenced on the Argo targets located approximately 15-20km north of NEB on the major structural trend.

2023-02-21 07:56:00

CAV: RC confirms regolith anomaly and intersects high-grade gold

CARNAVALE RESOURCES LIMITED 🔗 📄 📈

CAV completed a program of RC drilling at the Carnage Prospect, confirming extensive gold anomalism.
Favourable geology with potential to host a significant gold deposit, with major shear structures crosscutting a sedimentary basin.
Prospective geochemistry in arsenic, tin, tungsten and bismuth that correlates with best gold anomalism suggesting an intrusion related source.

2023-02-21 07:53:00

NIS: Outstanding Growth Potential Highlighted at Sexton

NICKELSEARCH LIMITED 🔗 📄 📈

Downhole electromagnetic survey results at Sexton show high to very high conductive sources, confirming prospectivity for massive sulphides.
DHEM plates extend 80m down dip and >150m down-plunge from recent drilling intersecting 6m of massive and matrix sulphides.
DHEM plates coincide with historic nickel sulphide intersections, giving confidence in extensional targets for planned follow up drilling in Q2 CY23.

2023-02-21 07:53:00

IG6: Outstanding Concentrate Results from Springdale

INTERNATIONAL GRAPHITE LIMITED 🔗 📄 📈

Two laboratory flotation tests conducted on RC drilling samples from exploration target SDE_1.
Excellent graphite recovery into concentrate up to 93.7%, with concentrate grades above 97%.
Results indicate potential to produce high quality graphite concentrates at Springdale for downstream processing.

2023-02-21 07:53:00

CAI: Drilling results underpin growth opportunities at Blue Spec

CALIDUS RESOURCES LIMITED 🔗 📄 📈

All gold assays have been received for two RC drilling programs at Blue Spec East and Marble Bar.
Latest results include 10m @ 1.54g/t Au from 35m in 22 BSRC024, 14m @ 1.05g/t Aufrom 34m to EOH in 22 BSRC022, and 10m @ 1.34g/t Au from 33m.
These results are outside the Blue Spec Resource, and have potential to improve the economics of the greater Warrawoona Gold Project.

2023-02-21 07:51:00

GEN: Long-term,15-year integrated rail and port agreement signed

GENMIN LIMITED 🔗 📄 📈

Genmin signed a 15-year bulk logistics agreement with Owendo Mineral Port for rail and port services.
The agreement includes a guaranteed 5 million tonnes per annum (Mtpa) with provision to scale up to 15 Mtpa.
This agreement, alongside the recently signed power supply agreement, provides a key milestone to commercialise production from Baniaka in mid-2024.

2023-02-21 07:51:00

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