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News from 17th March, 2023

*Disclaimer

ASX Briefs · Battery Metals News for March 17, 2023

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ESS: Results of First Court Hearing

ESSENTIAL METALS LIMITED 🔗 📄 📈

Essential Metals Limited has provided an update regarding the proposed acquisition by Tianqi Lithium Energy Australia Pty Ltd.
The Federal Court of Australia has ordered Essential to convene a meeting of its shareholders to vote on the Scheme, and approved the dispatch of an explanatory statement and notice of the Scheme Meeting to shareholders.
The Scheme involves the acquisition of all shares in Essential for $0.50 per share in cash.

2023-03-17 19:35:00

MYE: Capital Raising & Strategic Investment

METAROCK GROUP LIMITED 🔗 📄 📈

Metarock Group Limited has entered into an agreement for a strategic investment by M Mining Services Pty Ltd.
M Resources has agreed to invest $25.0 million to acquire at least a 51% interest in the Company via a placement.
The funds raised from the Transaction will be used to improve cash flow, reduce net debt, and secure the Company's funding position.

2023-03-17 17:00:00

X2M: Director Appointment/Resignation

X2M CONNECT LIMITED 🔗 📄 📈

Ms. Jodie Leonard resigns as Director of X2M effective from 17 March 2023.
Ms. Leonard was appointed by the Board to Chair the Company’s Remuneration Committee.
Mr. Mohan Jesudason appointed to the Company’s Board as Managing Director.

2023-03-17 16:05:00

OSL: Commitment received for Offer and updated Timetable

ONCOSIL MEDICAL LTD 🔗 📄 📈

OncoSil Medical received a commitment to subscribe for up to $2 million of any shortfall in relation to their proposed entitlement offer.
The non-underwritten 1 for 1 non-renounceable entitlement offer includes one free attaching new option.
The company will finalise its prospectus and lodge it on Monday 20 March 2023.

2023-03-17 11:35:00

MNS: MNS Receives Funding Proposal from US Fund

MAGNIS ENERGY TECHNOLOGIES LTD 🔗 📄 📈

Magnis has received a binding funding proposal from SBC Global Investment Fund for up to A$50 million.
It will be structured as an equity-linked pre-paid share subscription facility.
The pre-payment of A$25 million is subject to customary conditions, with the potential for an additional A$25 million.

2023-03-17 11:00:00

GMR: GMR intercepts 9m @ 3.3g/t oxide gold at Kada

GOLDEN RIM RESOURCES LTD 🔗 📄 📈

Golden Rim Resources reports gold assay results for 20 RC holes at its Kada Gold Project in Guinea
Notable gold intersections were identified, including a 9m @ 3.3g/t oxide gold intercept at Bereko
Further assays are pending for 24 RC holes and 2 trenches, while diamond and aircore drilling programs are ongoing

2023-03-17 10:43:00

PYR: Results of Institutional Entitlement Offer

PAYRIGHT LIMITED 🔗 📄 📈

The Institutional Entitlement Offer has closed, raising approximately $5.29 million.
Eligible institutional shareholders took up their entitlements in full.
The funds raised will be used to invest in new and existing loan assets, pay down existing liabilities, and fund general working capital.

2023-03-17 10:01:00

ARR: Final drill assays indicate significant rare earth deposit

AMERICAN RARE EARTHS LIMITED 🔗 📄 📈

Final assays confirm rare earth mineralisation at Red Mountain and Overton Mountain areas
Surface grades have been shown to be consistent at depth
Company on track to release JORC Resource at end of March 2023

2023-03-17 09:59:00

ASO: 1.9km of drilling commencing along strike of 1.5Moz Resource

ASTON MINERALS LIMITED 🔗 📄 📈

Drilling to test 1.9km trend of along strike potential to 1.5Moz Gold Resource
Program aims to target multiple IP chargeability anomalies
Prospective setting extends for a further 6.2km to the east

2023-03-17 09:59:00

CR9: Outstanding aircore intercepts & capital raise complete

CORELLA RESOURCES LTD 🔗 📄 📈

Funds to expand as global supplier of HPA for LIB and LED markets
Positive drill results at Tampu show potential for major resource growth
Further drilling and upgrading of mineral resource estimates planned

2023-03-17 09:58:00

SLZ: Sultan to acquire two Canadian Lithium Projects

SULTAN RESOURCES LTD 🔗 📄 📈

Sultan Minerals is acquiring two highly prospective lithium properties in Ontario, Canada.
The Kember Lake project is located near known lithium resources owned by Frontier Lithium Inc.
The Ruddy Lithium project is located in the interpreted ‘Goldilocks Zone’ of optimal formation of Lithium-Ceasium-Tantalum pegmatites.

2023-03-17 09:55:00

AQC: Dartbrook Update - on track for H2 2023 re-start

AUSTRALIAN PACIFIC COAL LIMITED 🔗 📄 📈

Dewatering of Hunter Tunnel nearing completion for remediation activities
Review of Mine Plan schedule shows potential for enhanced coal quality
Multiple debt funding offers received and being assessed for Dartbrook Mine restart

2023-03-17 09:54:00

PRS: $2.5M Equity Raising for EU Critical Minerals Exploration

PROSPECH LIMITED. 🔗 📄 📈

Prospech Limited is raising $2.5 million through Placement and Entitlement Offer.
The funds raised will be used to advance exploration of its Kolba copper-cobalt project in Slovakia and Bambra lithium-REE projects in Finland.
Prospech is pursuing a potential dual listing on the Frankfurt Stock Exchange to access European capital markets.

2023-03-17 09:53:00

NCZ: Operations update - Century Mine and Karumba Port Facility

NEW CENTURY RESOURCES LIMITED 🔗 📄 📈

Recent heavy rainfall in NW Queensland has impacted New Century Resources' operations
Access to Century by road has been cut off, but the airstrip remains open
Production is expected to be suspended for 2-3 weeks and may impact short term liquidity position

2023-03-17 09:52:00

WC1: Cobar West Land Access Update (NSW)

WEST COBAR METALS LIMITED 🔗 📄 📈

West Cobar unable to access project due to landowner dispute
Following prescribed process for mediation and arbitration in NSW
Legislated processes can take 4-6 months and incur costs of $50,000 to $150,000

2023-03-17 09:48:00

NTI: Phase I/II ASD Clinical Trials Results at 52 Weeks

NEUROTECH INTERNATIONAL LIMITED 🔗 📄 📈

NTI164 shows strong safety and efficacy effects in ASD treatment over 52 weeks
Clinical benefits continue to show significant improvement over baseline measures
No serious adverse events recorded and no evidence of therapeutic tolerance with prolonged use

2023-03-17 09:45:00

CLG: Close the Loop to acquire ISP Tek Services

CLOSE THE LOOP LTD. 🔗 📄 📈

Close the Loop to acquire US-based electronics refurbisher ISP Tek Services LLC and Captive Trade Corp for up to US$66m
Acquisition will provide a significant remanufacturing and reuse presence in the US and strengthen service offering to OEMs
A$45m capital raising and debt facility of up to US$52.5m secured, and transaction expected to be 100% accretive on an EPS basis

2023-03-17 09:42:00

KCN: The Chatree Gold Mine is OPEN

KINGSGATE CONSOLIDATED LIMITED. 🔗 📄 📈

Chatree Gold Mine in Thailand has been approved to reopen by the Department of Primary Industries and Mines.
Akara Resources will commence works to start commissioning Plant #2, process the stockpiled ore, and ramp up Plant #2 to full production capacity.
Akara has also commenced initial refurbishment works on Plant #1.

2023-03-17 09:38:00

KLS: Completion Institutional Entitlement Offer and Placement

KELSIAN GROUP LIMITED 🔗 📄 📈

Kelsian Group has successfully completed its institutional placement and institutional entitlement offer.
The equity raising attracted strong support from existing and new institutional shareholders, raising approximately $233 million.
No shareholder approval is required for the placement.

2023-03-17 09:33:00

VRC: Binding Offtake Agreement Signed

VOLT RESOURCES LIMITED 🔗 📄 📈

Volt Resources signed a binding Offtake Agreement for sale of 10,000 tonnes of fine flake graphite product annually from the Bunyu Graphite Project for a 5-year term.
The Offtake Agreement was signed with Graphex Group subsidiary, Graphex Michigan 1.
The agreement can be extended for a further 5 years by mutual agreement, and negotiations are ongoing with other parties for coarse graphite offtakes.

2023-03-17 09:30:00

CVV: DFS Update - Caravel Copper Project

CARAVEL MINERALS LIMITED 🔗 📄 📈

Several key project work streams are advanced, including independent review and environmental approval processes.
Target for completion is a high-quality Definitive Feasibility Study by H1 2024.
Caravel Copper Project is the largest undeveloped copper project in Australia and scheduled to start production with forecasted deficits in the copper market and price increases.

2023-03-17 09:27:00

GO2: Shortfall Placement and Business Growth Update

THE GO2 PEOPLE LTD 🔗 📄 📈

GO2 raised $132k through Non-Renounceable Rights Issue shortfall placement
GO2 converted $57k in obligation to ESOP Holders to equity
Overall balance sheet improvement of $189k achieved

2023-03-17 09:27:00

BGT: Allowance of United States Patent

BIO-GENE TECHNOLOGY LTD 🔗 📄 📈

US Patent Office allows new patent for Bio-Gene's technology.
New patent pertains to the use of Bio-Gene molecules to control resistant pests.
Patent protection is extended until 2038 and supports Bio-Gene's value proposition.

2023-03-17 09:16:00

ENX: $3 Million Placement and Proposed Board Appointments

ENEGEX LIMITED 🔗 📄 📈

Enegex Limited received firm commitments for a $3 million share placement.
Roger Steinepreis and Nick Castleden will be appointed to the Board as part of the placement.
Nick Castleden will be appointed as a Non-Executive Director and Roger Steinepreis as Non-Executive Chairman.

2023-03-17 09:16:00

EM2: 25.5%Cu 1,935 g/t Ag Among Multiple High Grade Intercepts

EAGLE MOUNTAIN MINING LIMITED 🔗 📄 📈

Diamond drilling from surface intersected multiple high-grade veins.
High-grade zones suggest the potential for a larger mineralisation system.
Underground drilling and sampling programs are underway, with pending assay results.

2023-03-17 09:14:00

FEG: Visible Gold Identified at Woyla

FAR EAST GOLD LTD 🔗 📄 📈

Visible gold and electrum found in drill core from Rek Rinti prospect during Phase 2 drill program
Coarse visible gold identified in surface rock samples at Aloe Eumpeuk prospect south of Rek Rinti
Scout drilling program expected to commence at Aloe Eumpeuk prospect before end of March 2023

2023-03-17 09:00:00

PIM: Pinnacle Minerals Confirms Tambellup East Drilling Program

PINNACLE MINERALS LIMITED 🔗 📄 📈

Pinnacle Minerals Ltd engaged Sahara Drilling Pty Ltd for 1,000m, 52-hole air core program.
The drilling program aims to test kaolin mineralisation and nickel targets identified by Falcon Minerals.
The project area is strategically located and expected to take seven to nine days, with samples sent to Nagrom for assay.

2023-03-17 08:47:00

LNK: Link Group enters into agreement to sell BCM

LINK ADMINISTRATION HOLDINGS LIMITED 🔗 📄 📈

Link Group is selling its Banking & Credit Management business to LCFH for up to €30 million cash consideration.
The transaction is expected to be completed in the second half of CY2023, subject to regulatory approval.
Proceeds from the sale will be used to pay down debt, and Link Group re-affirms its FY23 guidance with expectations of Operating EBIT to be up 10%-12% on FY22.

2023-03-17 08:34:00

COG: COG footprint continues to expand

COG FINANCIAL SERVICES LIMITED 🔗 📄 📈

COG has acquired salary packaging business, Paywise, for $30 million.
As part of the transaction, COG has divested a 18% interest in FleetNetwork to EML Group for $15 million.
The net $15 million cash component required to complete the transaction will be funded by drawing down on COG's acquisition debt facility.

2023-03-17 08:17:00

TMH: Strategic Review

THE MARKET HERALD LIMITED 🔗 📄 📈

The Market Herald has decided to discontinue select underperforming activities
Discontinued activities include The Market Herald Germany and non-material publications
Restructuring expected to generate recurring cost savings and improved EBITDA of approximately AUD 1.4m during FY 2024

2023-03-17 08:15:00

REC: Recharge Secures $3M to fund Express Lithium Project Quebec

RECHARGE METALS LIMITED 🔗 📄 📈

Recharge Metals has secured commitments from investors for a conditional placement to raise A$3.0 million.
The demand was high resulting in upscaling of placement size from A$2.5 million to A$3.0 million.
The company announced acquisition of 139 mineral claims over two blocks in the James Bay Region of Québec, Canada forming the Express Lithium Project.

2023-03-17 08:15:00

TMX: Smokebush IP Survey & Lithium Update - New Gold Targets

TERRAIN MINERALS LIMITED 🔗 📄 📈

Two gold anomalies identified under cover at Smokebush Project
Soil sampling program completed over Larin's Lane at Smokebush Project
20+ pegmatites identified and sampled for lithium at Smokebush Project

2023-03-17 08:14:00

LYN: Lycaon Projects Update

LYCAON RESOURCES LTD 🔗 📄 📈

Preparations for drilling at Bow River in Q2 underway
Drilling at Bow River to test high density gravity anomaly for nickel-copper sulphide mineralisation
Gnewing Bore heritage surveys anticipated for Q2, with drilling to follow mid-year

2023-03-17 08:13:00

CAI: Pirra Lithium secures highly prospective Pilbara ground

CALIDUS RESOURCES LIMITED 🔗 📄 📈

Calidus Resources and Haoma Mining are combining their respective lithium landholdings into Pirra Lithium.
Pirra Lithium will hold tenements covering 1,303sqkm in the east Pilbara, 89sq km in the west Pilbara, and 289sqkm in the Northampton Inlier.
Haoma Mining will hold 60% of Pirra Lithium and Calidus Resources will hold 40%.

2023-03-17 08:13:00

AIA: AIA - Building the gateway New Zealand needs

AUCKLAND INTERNATIONAL AIRPORT LIMITED 🔗 📄 📈

Auckland Airport undergoing biggest redevelopment since opening in 1966.
Replacement of ageing domestic terminal to be fully integrated with international terminal.
New terminal to be resilient, sustainable, and create 2,000 additional jobs at peak of construction.

2023-03-17 07:30:00

<	April 2023					>
Mon	Tue	Wed	Thu	Fri	Sat	Sun
					1	2
3	4	5	6	7	8	9
10	11	12	13	14	15	16
17	18	19	20	21	22	23
24	25	26	27	28	29	30

<	April 2023					>
Mon	Tue	Wed	Thu	Fri	Sat	Sun
					1	2
3	4	5	6	7	8	9
10	11	12	13	14	15	16
17	18	19	20	21	22	23
24	25	26	27	28	29	30

<	April 2023					>
Mon	Tue	Wed	Thu	Fri	Sat	Sun
					1	2
3	4	5	6	7	8	9
10	11	12	13	14	15	16
17	18	19	20	21	22	23
24	25	26	27	28	29	30