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News from 13th March, 2023

*Disclaimer

ASX Briefs · Battery Metals News for March 13, 2023

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GT1: Clarification and Retraction Statement

GREEN TECHNOLOGY METALS LIMITED 🔗 📄 📈

Green Technology Metals retracts statement on visual estimates of spodumene and lithium-bearing minerals as there is no basis for announcing these results.
The company has not independently validated the former owner's exploration results and the Exploration Results have not been reported in accordance with the JORC Code 2012.
The company recommends exploration work to confirm historically quoted occurrences and gain access to the occurrences for resampling outcrops.

2023-03-13 15:34:00

TRP: Bank Deposits At SVB Available Tuesday 14 March 2023 AEDT

TISSUE REPAIR LTD 🔗 📄 📈

Tissue Repair Limited holds US$2.188 million cash with Silicon Valley Bank
Silicon Valley Bank was placed into receivership by FDIC on 10 March 2023
The Company expects to access the funds on Tuesday, 14 March 2023 AEDT

2023-03-13 13:14:00

IHR: Increase in intelliHR Scheme Consideration

INTELLIHR LIMITED 🔗 📄 📈

IntelliHR and Humanforce have agreed to amend the scheme implementation deed.
The Scheme Consideration payable has increased from $0.11 to $0.165 cash per share.
The IHR material adverse change condition has been deleted.

2023-03-13 12:30:00

NTO: US Regulators to Protect All SVB Depositors

NITRO SOFTWARE LIMITED 🔗 📄 📈

Nitro previously announced impact of Silicon Valley Bank developments on its business
US regulators confirm access to all SVB deposits starting March 13
Nitro does not expect material disruptions to its business operations

2023-03-13 11:39:00

EGG: Silicon Valley Bank Receivership announcement

ENERO GROUP LIMITED 🔗 📄 📈

Enero Group has cash on deposit at Silicon Valley Bank (SVB), which has been placed in receivership.
Depositors at SVB will have access to their cash starting from March 13.
Enero Group has additional cash on deposit in other financial institutions and remains well capitalised.

2023-03-13 11:32:00

IKE: ikeGPS Update on Silicon Valley Bank Closure

IKEGPS GROUP LIMITED 🔗 📄 📈

IKE Group Limited's exposure to Silicon Valley Bank's closure has no impact on its cash position
All SVB deposit holders, including IKE, are fully protected
IKE maintains a strong cash position of approximately NZ$19.6m

2023-03-13 11:30:00

XST: Anshof Oil Field Production License Awarded

XSTATE RESOURCES LIMITED 🔗 📄 📈

Xstate Resources Limited holds 20% working interest in the Anshof Prospect
Production license awarded to ADX VIE GmbH for the Anshof oil field
Xstate is pursuing new opportunities in the oil and gas sector in North America and Europe

2023-03-13 10:56:00

BGE: Bridge automates sales process for NDIS Providers

BRIDGE SAAS LIMITED 🔗 📄 📈

Bridge SaaS has announced new software product features for NDIS Providers.
The software has been approved by the NDIA for API access to NDIS systems.
The new features include automated sign-up/purchasing, trials and onboarding for the initial target market of SME NDIS Providers.

2023-03-13 10:44:00

VBC: Commencement of New CEO

VERBREC LIMITED 🔗 📄 📈

Verbrec announces new CEO, Mark Read, commencing today
Board looks forward to working with Mark to deliver next stage of Verbrec's evolution
Mr Read holds 87,000 ordinary shares in the company

2023-03-13 10:24:00

WSP: Silicon Valley Bank Update

WHISPIR LIMITED 🔗 📄 📈

Whispir has $173,679 deposited with Silicon Valley Bank
FDIC ensures full access to insured deposits up to $250,000 by March 2023
The Company expects to recover the full amount in the coming days and has a diverse portfolio of deposits with leading global banks to reduce exposure.

2023-03-13 10:24:00

DRX: Major silica resource expansion from 124Mt to 235Mt

DIATREME RESOURCES LIMITED 🔗 📄 📈

Diatreme Resources has increased its high-grade silica sand resource estimate by 89% to 235Mt.
The company's total silica sand resource base now exceeds 310Mt.
A Scoping Study is underway to assess the economic feasibility of establishing mining operations at Si2 amid increasing demand from the solar PV industry.

2023-03-13 10:07:00

MEL: $5m debt facility secured to deliver Odin gas to market

METGASCO LTD 🔗 📄 📈

Metgasco secured a $5 million debt facility with substantial shareholders Keybridge Capital and Glennon Small Companies.
The funds will fully support Metgasco's Vali and Odin Gas field projects without the need for further equity raisings or dilution.
The debt was structured on attractive terms through an independent debt advisory process.

2023-03-13 10:06:00

FBR: FBR funded to manufacture three Hadrian X robots for the USA

FBR LTD 🔗 📄 📈

FBR has entered into an Agreement with M & G Investment Management to acquire 277,000,000 fully paid ordinary shares.
The aggregate sum of the acquisition is A$ 9.14 million.
The funds will be used to manufacture and deploy three additional next-generation Hadrian X® robots in the USA.

2023-03-13 10:02:00

EVN: Ernest Henry Weather Event

EVOLUTION MINING LIMITED 🔗 📄 📈

Ernest Henry mine impacted by regional weather event, with personnel safely removed.
Suspension of production activities and development of recovery plan.
Mining activities expected to restart in approximately 6 weeks with surface maintenance plans brought forward.

2023-03-13 10:02:00

TRP: Update on Cash Held with Silicon Valley Bank

TISSUE REPAIR LTD 🔗 📄 📈

Tissue Repair Limited (ASX: TRP) had US$2.188 million deposited with Silicon Valley Bank (SVB).
SVB has been placed into receivership by the Federal Deposit Insurance Corporation (FDIC) leading to frozen deposits.
TRP holds majority of its cash in Australian banks which will have no immediate effect on its operations or programs.

2023-03-13 09:56:00

AZS: SQM Completes $20 Million Investment in Azure

AZURE MINERALS LIMITED 🔗 📄 📈

SQM invests $20 million to acquire 19.99% interest in Azure Minerals Limited
SQM’s funding and technical expertise support Azure’s accelerated lithium exploration and development program
Azure is well-funded to progress the Andover Project, giving strong exposure to high-value battery metals

2023-03-13 09:55:00

PIA: LIMITED EXPOSURE TO SVB AND US BANKS

PENGANA INTERNATIONAL EQUITIES LIMITED 🔗 📄 📈

PIA has 2% exposure to SVB
Highly diversified global portfolio
Also has a 2% position in First Republic Bank

2023-03-13 09:53:00

CDT: Excellent High-Grade Continuity Confirmed at Kambale

CASTLE MINERALS LIMITED 🔗 📄 📈

Multiple, high-grade graphitic schist lenses confirmed by recent drilling campaign.
Maiden JORC 2012 Mineral Resource estimate scheduled for end Q1 2023.
Test work progressing towards producing a commercially acceptable bulk graphite concentrate.

2023-03-13 09:51:00

MOH: Drilling for REE and Gold Completed at Burracoppin

MOHO RESOURCES LIMITED 🔗 📄 📈

39 air core drillholes completed for 1,355m
Targeting interpreted channel zones, soils with elevated REE values, and untested soils with coincident gold and arsenic anomalism
Next steps include reviewing assay results, modeling REE potential, and undertaking further drilling in prospective areas

2023-03-13 09:50:00

CDT: Castle Completes Oversubscribed $2.5M Placement

CASTLE MINERALS LIMITED 🔗 📄 📈

Oversubscribed placement completed to raise $2.5M from investors
Increased working capital to $4.0M to accelerate work at Kambale Graphite Project and other project interests
New drilling results reinforce Kambale's status as credible graphite deposit

2023-03-13 09:50:00

CLZ: Update on Construction at Kat Gap

CLASSIC MINERALS LTD 🔗 📄 📈

Classic Minerals' Kat Gap plant assembly is progressing.
The heaviest parts of the plant have been placed on the pad and are being secured to the foundations.
Electrical and plumbing work will commence with supporting structures to be installed.

2023-03-13 09:49:00

HIQ: HITIQ Secures Sale to Monash University

HITIQ LIMITED 🔗 📄 📈

HITIQ sold 200 Nexus Head Impact Sensors to Monash University for investigating effects of head impacts in Australian Football
Monash University plans to create an AI model to quantify the risk of concussion using HITIQ's data
Monash University is a leading university for Neuroscience, ranked 44 globally in the Times Higher Education World University Rankings (2023)

2023-03-13 09:44:00

DUG: DUG's exposure to Silicon Valley Bank

DUG TECHNOLOGY LTD 🔗 📄 📈

DUG Technology's transactional bank, Silicon Valley Bank, is facing economic uncertainty with their US and UK offices.
As of March 10, 2023, DUG has $5.1 million in cash holdings, including deposits with SVB, but retains sufficient liquidity to operate as normal.
The USA and UK governments guarantee bank deposits up to $250,000 and GBP85,000 respectively.

2023-03-13 09:43:00

AR1: Operational Update

AUSTRAL RESOURCES AUSTRALIA LTD 🔗 📄 📈

Mining and drill and blast activities resumed after a significant rainfall event.
134 tonnes of copper cathode dispatched from site, but dilution of Pregnant Leach Solution may impact production in the short term.
Safety of staff, management of water and environmental issues remain top priority.

2023-03-13 09:40:00

RGL: Drilling Results Confirm Multiple Spodumene-Rich Widths

RIVERSGOLD LIMITED 🔗 📄 📈

Tambourah Lithium Project confirms multiple and wide spodumene-rich mineralisation in pegmatites.
Exploration tools and methods have proven highly successful, with all 16 targeted drill holes intersecting mineralised pegmatite at depth.
Exploration field programs to fast-track target identification for 2023 drill program.

2023-03-13 09:39:00

BLG: BLG Customer Orders Continue to Grow

BLUGLASS LIMITED 🔗 📄 📈

BluGlass receives two new purchase orders for its violet 405nm and blue 450nm GaN lasers
Orders are from established organizations in quantum, energy, and industrial applications
Customers will use BluGlass' lasers for testing and qualification within their own applications

2023-03-13 09:38:00

AGR: Public Civil Action - Settlement Negotiations

AGUIA RESOURCES LIMITED 🔗 📄 📈

Aguia Resources has two mining projects in southern Brazil: metallic green copper and organic phosphate
The company is in settlement negotiations for the environmental licensing of the phosphate project
Following a technical report, a meeting will be held with all parties involved to discuss remaining issues

2023-03-13 09:36:00

BLG: BLG Secures $10.2m Placement and Launches Rights Issue

BLUGLASS LIMITED 🔗 📄 📈

BluGlass received $10.2 million from investors via a share placement
Existing loyal shareholders can participate in a non-renounceable Entitlement Offer to raise up to $2.7 million
The funds will be used to expand the product offerings and scale production for market competitiveness

2023-03-13 09:35:00

BML: Engineering & Design Commences for Sorby Hills Project

BOAB METALS LIMITED 🔗 📄 📈

Boab Metals has commenced Front End Engineering and Design for Sorby Hills Project's process plant and associated infrastructure.
Engineering Service Agreement was signed with GR Engineering Services to undertake FEED.
Work under ESA is scheduled to complete in Q3 2023, after which the parties intend to enter into an EPC contract and commence full detailed design.

2023-03-13 09:33:00

MEK: Diamond Drilling Confirms St Anne's High-Grade Gold

MEEKA METALS LIMITED 🔗 📄 📈

Diamond drilling confirms high-grade gold in St Anne's.
Gold recoveries averaging 98%.
Pre-feasibility study due in June 2023.

2023-03-13 09:33:00

CMG: Final Assay Results

CRITICAL MINERALS GROUP LIMITED 🔗 📄 📈

23 core holes intersected Vanadium and Alumina in oxidized mineralized zone.
Resource upgrade work underway with results due in Q2 2023.
Potential dual commodity deposit with significant Alumina and Vanadium results.

2023-03-13 09:32:00

WGR: Pathway to Production - Gold Processing Solutions Assessment

WESTERN GOLD RESOURCES LIMITED. 🔗 📄 📈

WGR commencing assessment for production and processing solutions
Experienced BHM Process Consultants to assess heap-leach potential
All existing plants and process solutions being evaluated

2023-03-13 09:25:00

MEI: Caldeira Project Definitive Acquisition Agreement Signed

METEORIC RESOURCES NL 🔗 📄 📈

Meteoric Resources has signed a definitive agreement for the acquisition of the Caldeira Project in Brazil
Togni Group of Companies will provide significant assistance with exploration and development of the project
Completion of the acquisition is set for after receipt of US$17.5m for the Juruena sale, with a maiden JORC Mineral Resource Estimation to be released in late April

2023-03-13 09:25:00

GTG: Further Study Validates geneType Breast Cancer Risk Test

GENETIC TECHNOLOGIES LIMITED 🔗 📄 📈

Genetic Technologies Limited has published a research paper supporting the use of geneType Breast Cancer Risk Assessment Test in the peer-reviewed journal Cancer Prevention Research.
geneType demonstrated improved performance compared to BCRAT over a 5-year period.
Women identified as at-increased risk by geneType were found to have a higher incidence of breast cancer.

2023-03-13 09:22:00

TNY: Market Update

TINYBEANS GROUP LTD 🔗 📄 📈

Tinybeans potentially exposed to US$1.3 million cash as US-based Silicon Valley Bank (SVB) is in receivership
The company can't access or withdraw deposit held in SVB account
Tinybean's day-to-day operations are not expected to be impacted, and it has sufficient funds held on deposit at another bank

2023-03-13 09:21:00

GWR: C3 High Grade Iron Ore Deposit Advancing

GWR GROUP LIMITED 🔗 📄 📈

GWR has mining approval for the C3 Deposit, along with 10 other deposits, forming part of the Wiluna West Iron Ore Project.
Stage 1 open pits have been identified in the northern end of the C3 Deposit for immediate development.
The company is in advanced negotiations to purchase or acquire mining rights to a portion of the eleven iron ore deposits for a potential 2023 mobilisation.

2023-03-13 09:16:00

AME: Exploration Update Sandstone Gold Project

ALTO METALS LIMITED 🔗 📄 📈

RC drilling to resume at Sandstone Gold Project, targeting high-grade mineralised structures and extensional drilling.
Additional near-surface priority gold targets identified along the +20km gold corridor of the Alpha Domain.
Visible gold confirmed in surface rock chips at a new prospect area within the Indomitable Camp.

2023-03-13 09:11:00

RAC: Race Executes Contracts to Commence Breast Cancer Trial

RACE ONCOLOGY LTD 🔗 📄 📈

Observational trial of Zantrene in breast cancer patients with cardiovascular risk factors to identify heart damage caused by doxorubicin and cyclophosphamide
Up to 50 patients will be recruited and monitored using advanced cardiac imaging and biochemical methods, as well as liquid biopsy (DNA) approach for anti-cancer efficacy
Funded by capital raised in December 2021, with contracts signed with Resolutum Global, Beyond Drug Development, and NSW Regional Biospecimen & Research Services for data management, clinical site management, safety management, and patient sample kit production

2023-03-13 09:11:00

ASN: Resource Definition Drilling to Commence at Green River

ANSON RESOURCES LIMITED 🔗 📄 📈

Anson Resources submitted a Notice of Intent for drilling at Green River Lithium Project in Utah
The drilling program aims to deliver a maiden lithium JORC Mineral Resource, contributing to the company's inventory in the Paradox Basin
The resource drilling program will run in parallel with drilling in the western region of the Paradox Lithium Project.

2023-03-13 09:10:00

NEU: FDA approves Daybue - the first treatment for Rett syndrome

NEUREN PHARMACEUTICALS LIMITED 🔗 📄 📈

Neuren's partner, Acadia Pharmaceuticals, receives FDA approval for DAYBUE (trofinetide).
DAYBUE is the first and only approved treatment for Rett syndrome.
Neuren will receive royalties and milestone payments on sales of DAYBUE.

2023-03-13 09:10:00

EBR: EBR confirms no anticipated financial exposure to SVB

EBR SYSTEMS INC. 🔗 📄 📈

EBR Systems has reviewed the impact of the closure of Silicon Valley Bank by California Department of Financial Protection and Innovation.
The company had a banking relationship with SVB but does not anticipate any financial exposure or material impact on operations.
Most of EBR's cash is held in custodial accounts at other institutions, therefore the company does not expect any material impact on ongoing operations, accounts payable, or payroll.

2023-03-13 09:09:00

AZL: Prairie Lithium to Receive A$1.2 million Grant Funding

ARIZONA LITHIUM LIMITED 🔗 📄 📈

Prairie Lithium Corporation, which AZL is acquiring, has been awarded a C$1.074m grant from CMRDD program for NRCan
The grant will be invested into direct lithium extraction (DLE) technology development
Prairie's proprietary lithium extraction process technology may have global application

2023-03-13 09:04:00

CUL: Exploration Update - North Tuckabianna

CULLEN RESOURCES LIMITED 🔗 📄 📈

Five slim line RC drill holes completed in January 2023 to test below July 2022 air core anomalies.
Correlation of RC drill assays confirms the presence of a high angle shear zone at a major lithological contact.
Further drilling warranted given the sparse, shallow drilling and multiple prospective intersecting shears and faults.

2023-03-13 09:03:00

QML: Divestment of Non-Core Assets to Focus on Copper Development

QMINES LIMITED 🔗 📄 📈

QMines has divested its non-core exploration assets for approximately $500,000.
The divestment allows the company to focus on growing and developing Australian copper assets.
The EMSurvey has been completed and interpretation ongoing, with Mt Chalmers remaining a high priority.

2023-03-13 09:01:00

NTO: Silicon Valley Bank Update

NITRO SOFTWARE LIMITED 🔗 📄 📈

US bank, Silicon Valley Bank, has been closed due to liquidity issues
Nitro Software had approximately US$12.18 million deposited with SVB
The FDIC has set up a new bank and insured deposits up to US$250,000 per depositor will be made available by 13th March.

2023-03-13 08:40:00

MMI: MMI Nebari Loan

METRO MINING LIMITED 🔗 📄 📈

Metro Mining has secured a Financing Facility of up to US$30M
The funds will be used to expand the Bauxite Hills Mine in Australia through the acquisition of a second floating crane barge and screen expansion
The Financing Facility is structured to provide optionality and flexibility around future financing options

2023-03-13 08:22:00

SDR: SiteMinder's financial exposure to Silicon Valley Bank

SITEMINDER LIMITED 🔗 📄 📈

SiteMinder Limited details financial exposure to Silicon Valley Bank and Silicon Valley Bank UK.
SiteMinder aims to reduce exposure and has only up to A$10m cash holdings with insured deposits, and undrawn US$20m revolving credit facility.
The company is actively working with customers and partners to redirect future payments and establish a replacement facility.

2023-03-13 08:20:00

VTM: Rare Earth Element Footprint Confirmed

VICTORY METALS LIMITED 🔗 📄 📈

Discovery area extended to 34km2 with mineralisation open in all directions
Average grade of 992ppm TREO with 34% HREO/TREO ratio
Extensive continuation of high grade and valuable Scandium

2023-03-13 08:20:00

1MC: Morella Project Update

MORELLA CORPORATION LIMITED 🔗 📄 📈

Significant progress made in project evaluation and planning for Australian and US lithium projects
Drillhole locations determined for Mallina and Fish Lake Valley projects
Approval received for Mallina drill program with a focus on determining extension of high-grade lithium intercepts

2023-03-13 08:19:00

ADX: Anshof Oil Field Production License Awarded

ADX ENERGY LTD 🔗 📄 📈

Production license awarded to ADX for Anshof oil field in Austria
Test production from Anshof-3 well achieved stable rate of 113 barrels of light crude oil per day
Independent assessment estimates 2P reserves at 5.2 million barrels of oil equivalent and 3P reserves and 3C contingent resource potential at 26 million barrels of oil equivalent

2023-03-13 08:18:00

DRE: Successful Yin Extensional Drilling Results - Mangaroon

DREADNOUGHT RESOURCES LTD 🔗 📄 📈

Dreadnought Resources reports significant rare earth element mineralisation at Mangaroon project's Yin deposit through depth extensional drilling.
Assays from remaining 66 holes drilled at C1-C5 carbonatites in 2022 will be announced during March 2023 quarter.
A second RC rig and a diamond rig are set to commence in March 2023, aiming to add significant resources with systematic drill programs.

2023-03-13 08:18:00

RLF: RLF Executes Sales Distribution Agreement with Philippines

RLF AGTECH LTD 🔗 📄 📈

RLF AgTech signs exclusive distribution agreement with TBFI in the Philippines
Aiming to increase food production and distribution globally
Targets initial sales of A$8.78 million over the next 5 years with an option to extend

2023-03-13 08:17:00

CBR: TRCA extension and redemption update

CARBON REVOLUTION LIMITED 🔗 📄 📈

Carbon Revolution and Twin Ridge Capital Acquisition Corp have entered into an agreement for a business combination.
TRCA shareholders have approved an extension to allow more time to complete the transaction.
15,042,168 Class A ordinary shares will be redeemed in connection with the extension vote.

2023-03-13 08:17:00

BUX: Graphite Bull Update - Metallurgy

BUXTON RESOURCES LIMITED 🔗 📄 📈

Successful metallurgical sighter testwork program completed.
Flotation achieved >95% TGC concentrate at high recoveries.
Concentrate grades >98% TGC achieved from flotation alone, indicating easy purification to battery quality.

2023-03-13 08:17:00

RAS: Burracoppin Project - Final Drill Results Confirm High Grade

RAGUSA MINERALS LTD 🔗 📄 📈

Significant high-grade halloysite intersections discovered
Bright white kaolinite and strongly elevated REE content present
Next steps include data interpretation, resource estimation, and test-work on elevated REE content samples

2023-03-13 08:17:00

VTX: Taylor Rock Shows Ni Sulphide Fertility & Large Open Target

VERTEX MINERALS LIMITED 🔗 📄 📈

Vertex to follow up on Nickel Sulphide latitude with significant historical drilling
Geologists interested to understand Ni potential at shallower depths
No significant Lithium found in recent sampling of Pegmatite outcrops

2023-03-13 08:17:00

WGX: Big Bell Operational Update

WESTGOLD RESOURCES LIMITED. 🔗 📄 📈

Big Bell mine exceeded design outputs in January and February
Drilling results from deeper mine expansion area exceeded modelled expectations
Pre-feasibility study and mine design optimizations are advancing

2023-03-13 08:16:00

TMH: Appointment of Chief Executive Officer

THE MARKET HERALD LIMITED 🔗 📄 📈

Tommy Logtenberg has been appointed as full-time CEO for The Market Herald group of companies.
He also remains as Managing Director of Gumtree AU Pty Ltd.
Mr Logtenberg's remuneration remains the same as previously disclosed

2023-03-13 08:16:00

PKO: $1.5M Rights Issue to Advance 2023 Drilling at Eastman

PEAKO LIMITED 🔗 📄 📈

Peako Limited is undertaking a Rights Issue to raise up to $1.5 million.
New shares will be issued at a discount of 17-19% from the last price.
Proceeds from the raising will be used to fund exploration at the Eastman PGE Project.

2023-03-13 08:15:00

VMM: Drill Approvals Received for the South Kitikmeot Project

VIRIDIS MINING AND MINERALS LIMITED 🔗 📄 📈

Viridis has received all approvals to commence its maiden drill program at Esker Lake in Nunavut, Canada.
A team has been mobilized to begin constructing the camp for the exploration program.
Drilling is set to begin soon, pending drill rig availability and weather conditions.

2023-03-13 08:15:00

XAM: Zijin & Xanadu Transaction Completed

XANADU MINES LTD 🔗 📄 📈

Xanadu completes strategic partnership with Zijin Mining Group, providing crucial funding for the Kharmagtai Copper-Gold Project and activities outside of it
Appointment of Mr Shaoyang Shen as a non-executive director nominated by Zijin
US$35 million invested directly into the Kharmagtai project, creating a 50/50 JV at the project level, with PFS and Discovery Exploration underway

2023-03-13 08:13:00

CAR: carsales completes Institutional Entitlement Offer

CARSALES.COM LIMITED. 🔗 📄 📈

Carsales completes institutional component of entitlement offer
Raised approximately A$380 million at offer price of A$19.95 per new share
Proceeds to fund acquisition of 40% of shares in webmotors S.A. and strengthen balance sheet

2023-03-13 08:12:00

FBU: Receipt of Shareholder Class Action relating to 2016/2017

FLETCHER BUILDING LIMITED 🔗 📄 📈

Fletcher Building Limited (FBL) faces a shareholder class action.
The claim is related to FBL's Building + Interiors business disclosures made between August 2016 and October 2017.
FBL plans to defend the proceedings.

2023-03-13 07:30:00

IKE: Impact on IKE from Silicon Valley Bank Closure

IKEGPS GROUP LIMITED 🔗 📄 📈

ikeGPS Group Limited banked with Silicon Valley Bank (SVB), which was recently closed by the FDIC.
Approximately NZ$5.3m of IKE's cash balance was held at SVB, but only US$0.25m is insured.
The situation remains highly fluid, but IKE believes it remains strongly positioned due to its broader cash position and growth momentum.

2023-03-13 07:30:00

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<	April 2023					>
Mon	Tue	Wed	Thu	Fri	Sat	Sun
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3	4	5	6	7	8	9
10	11	12	13	14	15	16
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