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News from 24th March, 2023

*Disclaimer

ASX Briefs · Battery Metals News for March 24, 2023

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SFG: SFG Project Sea Dragon Update

SEAFARMS GROUP LIMITED 🔗 📄 📈

Seafarms Group will make a $3.5 million contribution towards the Project Sea Dragon.
Control of Project Sea Dragon has been returned to the directors and SFG operations are expected to return to normal with the continuation of interim funding.
The $53.5 million claim against Project Sea Dragon by its landlord is the maximum total amount that would have been due over the entire term of the lease.

2023-03-24 19:04:00

BCN: Beacon Acquires Lady Ida Project

BEACON MINERALS LIMITED 🔗 📄 📈

Beacon is acquiring the Lady Ida Gold Project and four additional Exploration Licences, increasing its footprint in the gold district
Acquisitions are expected to increase Beacon's existing mine life
$20 million in debentures will be issued to fund the acquisition and development

2023-03-24 19:03:00

ACS: Magnetite Range Exploration Results

ACCENT RESOURCES NL 🔗 📄 📈

Head assay analytical results received for Julia and Robb deposits' drilling programme.
CSA Global Pty Ltd updating geological interpretations of deposits and the Mineral Resource estimate.
Metallurgical test work progressing on DTR composite samples from RCP programme to determine grind size target specifications.

2023-03-24 17:47:00

PIQ: New endometriosis test presented at international conference

PROTEOMICS INTERNATIONAL LABORATORIES LTD 🔗 📄 📈

A new blood test has been developed to help screen for endometriosis.
The test identifies biomarkers and can correctly identify up to 90% of patients in a study of over 900 participants.
The current gold standard for diagnosis, an invasive surgical procedure, may be misdiagnosing some patients.

2023-03-24 17:39:00

MNS: Magnis Completes Funding from Investors

MAGNIS ENERGY TECHNOLOGIES LTD 🔗 📄 📈

Magnis has completed funding of A$25 million (with potential for an additional A$25 million) from L1 Capital Global Opportunities Master Fund and Regal Funds Management.
The funding is structured as an equity-linked pre-paid share subscription facility agreement.
This will strengthen Magnis' balance sheet and accelerate development of its vertically integrated AAM business.

2023-03-24 15:10:00

KCN: Updated First Gold Pour at the Chatree Gold Mine

KINGSGATE CONSOLIDATED LIMITED. 🔗 📄 📈

Kingsgate Consolidated Limited has restarted Chatree Gold Mine and the first gold pour has occurred
More than 155.732kgs of materials were poured in the Chatree Gold Room
The commissioning of Plant #2 and the gold pour can be viewed via Kingsgate's website and YouTube channel

2023-03-24 13:38:00

S3N: SensOre & Gold Road Restructure YEV Joint Venture

SENSORE LTD. 🔗 📄 📈

SensOre and Gold Road Resources have restructured the Yilgarn Exploration Ventures Joint Venture
Gold Road has converted its 40% position in YEV into SensOre shares
SensOre will now have 100% ownership of YEV in exchange for 800,000 new shares

2023-03-24 11:55:00

DM1: New wave of exploration programs to begin at gold and REE pr

DESERT METALS LIMITED 🔗 📄 📈

Desert Metals (ASX: DM1) is proceeding with extensive field work at its three key projects.
The programs include drilling, metallurgical test work, and heritage surveys.
The projects are aimed at defining mineral resources and determining the most cost-effective processing methodology.

2023-03-24 11:20:00

UBI: UBI submits Xprecia Prime 510K Application to FDA

UNIVERSAL BIOSENSORS INC. 🔗 📄 📈

Universal Biosensors (UBI) has submitted a 510K application to the FDA for approval of Xprecia Prime.
The application includes a 360 patient study to provide evidence of the platform's performance and safety.
Approval to sell Xprecia Prime in the USA is expected to add significant value to UBI's coagulation business.

2023-03-24 10:45:00

IXR: Clarification on Makuutu DFS

IONIC RARE EARTHS LIMITED 🔗 📄 📈

IonicRE reports its maiden Ore Reserve for Makuutu Stage 1.
The Stage 1 DFS proposes an open pit mining operation with an annualised mining rate of 5 Mtpa.
The Stage 1 Project NPV is pre-tax A$580 million (US$406 million) with an IRR of 32.7% and payback period of three years from first production.

2023-03-24 09:54:00

E79: Significant New Phase of Drilling to Commence

E79 GOLD MINES LIMITED 🔗 📄 📈

RC and AC drilling to commence at Target 3 in Laverton South Project
Gold mineralisation at Target 3 similar to Granny Smith deposit
Ramelius Resources' takeover of Breaker Resources begins consolidation of gold deposits

2023-03-24 09:53:00

SHM: Kitchen Appliances Exit (AU)

SHRIRO HOLDINGS LIMITED 🔗 📄 📈

Shriro Holdings Limited will exit the kitchen appliances division in the Australian market only, due to fierce competition and decreasing margins resulting in losses.
The restructuring of the business includes closing the Dandenong warehouse and incurring one-off costs, but it will offset the revenue loss and ensure efficient operations.
The New Zealand appliances division will continue as usual, and the company will focus on global expansion of seasonal BBQ products, distribution business with Casio and Pioneer, and pursuing growth opportunities.

2023-03-24 09:49:00

EXR: Nomgon Pilot Operational Update

ELIXIR ENERGY LIMITED 🔗 📄 📈

Strong pressure build-up observed during production shut-in period
Drilling work-over rig used to clean-up Nomgon 8 and 9 wells
Drilling program tendering near completion

2023-03-24 09:44:00

BAS: Operations Update - February 2023

BASS OIL LIMITED 🔗 📄 📈

Bass Oil is an ASX-listed oil producer holding interests in permits in the Cooper Basin and South Sumatra Basin.
February sales totalled US$398,841 net to Bass, with average daily oil production of 265 bopd throughout the month.
2,347 barrels of Cooper Basin oil were produced and sold at A$122.10 per barrel, while 5,083 barrels of Indonesian oil were produced and sold at US$78.90 per barrel.

2023-03-24 09:41:00

GGE: Placement to Raise $2.5m to Accelerate Red Helium Project

GRAND GULF ENERGY LIMITED 🔗 📄 📈

Grand Gulf receives firm commitments for A$2.5 million placement
Placement will optimise and accelerate production and development of potentially company-making Jesse-2 well
Jesse-2 drilling operations proceeding on schedule, currently drilling intermediate hole section

2023-03-24 09:31:00

CNB: Mount Hope Continues to Expand - 63m @ 1.8% Cu

CARNABY RESOURCES LIMITED 🔗 📄 📈

Multiple high-grade assay results reported from Mount Hope Central Prospect
Assay results show significant increase in grade from previously reported pXRF readings
Drilling continues to define a maiden Mineral Resource Estimate at Greater Duchess Project

2023-03-24 09:30:00

LGP: Successful completion of $5 million placement

LITTLE GREEN PHARMA LTD 🔗 📄 📈

Little Green Pharma secured firm commitments for a $5 million placement from investors.
The funds will allow the company to fully repay its outstanding loan note with Canopy Growth Corporation.
The remaining funds will be used for working capital and costs of offer, supporting the company's growth trajectory towards cash-flow break-even.

2023-03-24 09:29:00

VMS: Chalice identifies two new priority Ni-Cu-PGE targets

VENTURE MINERALS LIMITED 🔗 📄 📈

Chalice Mining has identified two new Ni-Cu-PGE targets and extended previously identified targets at Venture's South West Project.
The South West Project is a joint venture between Chalice Mining and Venture Minerals, with Chalice earning a further 19% interest through expenditure.
The project is located in the highly prospective West Yilgarn Ni-Cu-PGE Province and Chalice's work continues to enhance its prospectivity.

2023-03-24 09:29:00

WC1: Prime Lithium Exploration Ground Staked in Nevada

WEST COBAR METALS LIMITED 🔗 📄 📈

West Cobar stakes 242 mining claims in Nevada, USA for lithium exploration
Prospective areas located within the Nevada lithium district with similar geology to major lithium deposits in the region
Ground exploration and drilling planned to test for lithium mineralisation in claystone deposits

2023-03-24 09:18:00

LNR: Surveys Completed at Lyons in Preparation for Drilling

LANTHANEIN RESOURCES LTD 🔗 📄 📈

Heritage and Flora Surveys completed at Lyons
Drilling program targeting large scale Carbonatite and high-grade Ironstones
Geological and geophysical team mobilizing to site for exploration programs

2023-03-24 09:15:00

AUC: Further High-Grade Gold Intersected at the KGP

AUSGOLD LIMITED 🔗 📄 📈

High-grade gold intercepts continue to be found at the Katanning Gold Project.
Significant results from the current drilling campaign include intercepts at the Central Zone Resource area.
The existing 2.16Moz Resource continues to grow.

2023-03-24 09:10:00

SRX: Sierra Rutile 2022 Mineral Resources and Ore Reserves

SIERRA RUTILE HOLDINGS LIMITED 🔗 📄 📈

Sierra Rutile has completed its annual Mineral Resource and Ore Reserve estimates for 2022.
Optimisation work and additional resource drilling has allowed Sierra Rutile to replace its entire 2022 production and extend the mine life of Area 1.
The updated Ore Reserve estimate for Area 1 contains 40.7 Mt of ore @ 1.34% rutile and the Sembehun Project Ore Reserve estimate contains 173.7 Mt of ore @ 1.46% rutile.

2023-03-24 09:07:00

MAG: High impact drilling recommences at Corvette

MAGMATIC RESOURCES LIMITED 🔗 📄 📈

Drilling resumes at the Corvette prospect targeting 100m north of the strongest copper-gold interval.
New hole 23MYDD423 has potential to expand mineralised footprint.
Assay results confirm longest mineralised intersection and potential for single mineralised system at Kingswood and Corvette.

2023-03-24 09:01:00

SPN: Exceptional Results on Sodium Ion Battery Materials Project

SPARC TECHNOLOGIES LIMITED 🔗 📄 📈

Sparc Technologies and Queensland University of Technology are developing a sustainable hard carbon anode material for sodium ion batteries.
The new hard carbon processing technology is faster and less energy-intensive than conventional pyrolysis and has shown to have 45% higher reversible capacities than commercial hard carbon anodes.
The project aims to provide an alternative western supply of anode materials and reduce sovereign risk for SIB cell manufacturers.

2023-03-24 08:58:00

RAC: Race Leadership Changes

RACE ONCOLOGY LTD 🔗 📄 📈

Dr Daniel Tillett has stepped down as Executive Director and Chief Scientific Officer at Race Oncology.
Professor Tim Hammond has been appointed Interim CSO to oversee a smooth transition.
Dr Tillett will continue to provide support until June 2023, and the Board thanks him for his leadership and contributions to Race Oncology.

2023-03-24 08:53:00

EQR: Mt Carbine Mining Leases Renewed For 19 Years

EQ RESOURCES LIMITED 🔗 📄 📈

EQ Resources has renewed two key mining leases for 19 years in Mt Carbine, north of Cairns
The renewals cover the major and current working areas of the Company's tungsten operations
The Company has exploration permits surrounding the Mt Carbine plant, which are prospective for tungsten, tin, and gold

2023-03-24 08:50:00

WML: Exploration Update

WOOMERA MINING LIMITED 🔗 📄 📈

Exploration activities underway on several projects in Western Australia and South Australia
Sound cash position of c $2.5m, with a proposed budget of c$350,000 for current drilling programs
Completion of auger geochemistry at the Mt Cattlin lithium project, with assay results expected in June Quarter 2023

2023-03-24 08:50:00

WBT: Weebit successfully completes A$45mil underwritten Placement

WEEBIT NANO LTD 🔗 📄 📈

Weebit Nano completes A$45 million fully underwritten institutional placement
Funds raised will accelerate development and commercialisation of ReRAM technology
Weebit Nano aims to capitalise on opportunities within the Non-Volatile Memory market

2023-03-24 08:47:00

OD6: Grass Patch Drilling Identifies High-Grade REEs

OD6 METALS LIMITED 🔗 📄 📈

A drilling program identified areas of high grade clay hosted rare earth
Exceptionally high Magnet Rare Earth Oxides were encountered
A new drill program is planned to focus on high grade clay hosted rare earth intercepts

2023-03-24 08:45:00

CXM: Offtake Agreement Signed with Ameropa Australia

CENTREX LIMITED 🔗 📄 📈

Centrex signs binding offtake agreement with Ameropa Australia for purchase of phosphate from Ardmore Phosphate Project.
Offtake Agreement is for a term of 2.75 years with Ameropa committed to purchase 15,000 to 16,000 tonnes of phosphate in the first year with the second and third year allocations to be mutually agreed.
Centrex allocates up to 10% of production at Ardmore towards the Ameropa Offtake Agreement.

2023-03-24 08:43:00

IPH: Cyber Incident Update

IPH LIMITED 🔗 📄 📈

IPH experienced a cyber incident on 16 March 2023
Unauthorised access was detected in a portion of its IT environment
New network infrastructure has been established and key system functionality restored

2023-03-24 08:37:00

SHE: Stonehorse Invests in Canadian Thermal Oil Well Upgrade

STONEHORSE ENERGY LIMITED 🔗 📄 📈

Near term investment in thermal oil upgrade
Successful well upgrade completed with increased production
Potential for longer term opportunities in supporting Proton's path to Clear Hydrogen production and related electricity generation

2023-03-24 08:35:00

SIH: Significant Au Intercepts 50 Metres at 7.75 g/t Au at Sihayo

SIHAYO GOLD LIMITED 🔗 📄 📈

Significant gold intercepts found in three more holes at Sihayo
14 diamond drilling holes completed, 4 more planned
Results to be used to update Mineral Resource estimate and Concept Study for underground mine

2023-03-24 08:28:00

DRE: Five Strong EM Conductors at Mangaroon Ni-Cu-PGE Project

DREADNOUGHT RESOURCES LTD 🔗 📄 📈

Dreadnought Resources has identified five EM conductors at the Mangaroon Ni-Cu-PGE Project in Western Australia.
Conductors at the Bookathanna North target showed significantly higher conductance than those tested in 2022 drill program.
First Quantum Minerals has committed to a ~1,000m RC drilling program over all five conductors, with drilling to start in July 2023.

2023-03-24 08:21:00

GL1: Wave International Appointed Lead DFS Engineer

GLOBAL LITHIUM RESOURCES LIMITED 🔗 📄 📈

Wave International appointed as lead engineer for Global Lithium's Manna Lithium Project Definitive Feasibility Study
DFS expected to be completed in Q4 CY23
DFS will generate capital and operating cost estimates with an accuracy of +/-10% to 15%

2023-03-24 08:20:00

LRD: Pegmatite intersected in all 32 holes completed to date

LORD RESOURCES LIMITED 🔗 📄 📈

RC drilling 50% completed at Horse Rocks Lithium Project with 32 holes drilled
Pegmatites intercepted in all 32 holes with multiple wide zones of pegmatites detected
Project surrounded by Mineral Resources Limited and Essential Metals Limited in Western Australia's lithium Super-Province

2023-03-24 08:20:00

JRL: Preferred Lithium Extraction Process for McDermitt Project

JINDALEE RESOURCES LIMITED 🔗 📄 📈

Acid leaching with beneficiation recommended for economic outcome in Jindalee's McDermitt Lithium Project
Metallurgical testwork to refine flowsheet commences immediately to support further studies
McDermitt benchmarked against US sedimentary lithium deposits and compares well with advanced peers

2023-03-24 08:20:00

PMT: Patriot Extends Strike Length of the CV5 Pegmatite to 3.15km

PATRIOT BATTERY METALS INC. 🔗 📄 📈

CV5 pegmatite extended by 550m to a combined strike length of 3.15km
Drilling step-outs towards CV13 commenced
Over 20,000m of drilling completed, with 37 core samples sent for assay

2023-03-24 08:19:00

WYX: Bulga Project Further Consolidated

WESTERN YILGARN NL 🔗 📄 📈

Western Yilgarn has acquired exploration lease E36/1028, adding 48km2 to the consolidated Bulga Project area.
477km exploration package directly along strike of the Ida Fault is now in place.
Auger geochemical program ongoing with targeted infill drilling to enable follow-up Aircore/RC drilling.

2023-03-24 08:17:00

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