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News from 18th April, 2023

*Disclaimer

ASX Briefs · Battery Metals News for April 18, 2023

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APS: New Exploration Target added at Sparkler C Zone (updated)

ALLUP SILICA LIMITED 🔗 📄 📈

Maiden Exploration Target Estimate for Sparkler C Zone after successful drilling.
New areas of High Purity Silica Sand discovered from surface to depths of 2.4m.
Mining Lease application to be submitted, progressing key Sparkler Project workstreams.

2023-04-18 14:23:00

EDE: Eden India Maiden Dividend Paid

EDEN INNOVATIONS LTD 🔗 📄 📈

Eden Innovations Ltd received an interim dividend of A$261,398 from its Indian subsidiary, Eden Innovations India Pvt Ltd.
Eden India has been profitable for 4 out of the past 5 years, with a significantly increased final dividend expected in the coming months.
Current revenue is primarily from OptiBlend® sales, and growth is expected from sales of EdenCrete® products.

2023-04-18 14:02:00

HPP: Completion of the sale of HPP's Macadamia Business

HEALTH AND PLANT PROTEIN GROUP LIMITED 🔗 📄 📈

Health and Plant Protein Group Limited (HPP) has completed the sale of its US-based Macadamia business, HPP America Inc.
The transaction includes the sale of MacFarms, LLC, owner of HPP's Kapua Orchard and macadamia nut business, to Hawaiian Host, LLC.
The method of returning the net proceeds to shareholders is under consideration and will be notified during Q2 CY 2023.

2023-04-18 13:43:00

BDM: SPA amendment in respect of Ekati Diamond Mine Acquisition

BURGUNDY DIAMOND MINES LIMITED 🔗 📄 📈

Burgundy Diamond Mines Limited announces an amendment to the share purchase agreement (SPA) for the acquisition of Arctic Canadian Diamond Company Limited and Arctic Canadian Diamond Marketing NV.
The amended SPA involves debt repayment, which will now be made via a combination of cash and scrip, with shares issued at the same price as the Placement.
The Proposed Acquisition will still have a total consideration of US$136 million at closing, and the Scrip Consideration and Deferred Payment remain unchanged.

2023-04-18 12:50:00

CU6: Clarity Receives $6.7 million R&D Tax Incentive Refund

CLARITY PHARMACEUTICALS LTD 🔗 📄 📈

Clarity Pharmaceuticals has received a $6.7 million R&D Tax Incentive refund from the Australian Federal Government.
The refund will help fund the development of Clarity's Targeted Copper Theranostic platform of products.
All trials for the company's radiopharmaceutical products are progressing rapidly, with Phase 3 trials expected to begin later this year.

2023-04-18 12:41:00

NWE: Chairman's Letter to Shareholders

NORWEST ENERGY NL 🔗 📄 📈

Mineral Resources Limited (MinRes) has made an off-market takeover bid to acquire all Norwest Energy NL shares that it does not already own, with the offer closing on April 29, 2023.
Accepting shareholders will receive one MinRes share for every 1,300 Norwest shares held under the Revised Offer, which will not be increased.
MinRes now owns over 80% of Norwest, and shareholders who accept the Revised Offer may be eligible for scrip-for-scrip Capital Gains Tax (CGT) rollover relief, deferring any CGT payable on the disposal of their Norwest shares.

2023-04-18 12:36:00

LRD: Pegmatite intersected in 47 out of 52 holes - amended

LORD RESOURCES LIMITED 🔗 📄 📈

Lord has completed a 52-hole reverse circulation drilling program at the Horse Rocks Lithium Project, with pegmatite intersected in 47 out of 52 holes.
A total of 157 pegmatite intervals were logged across the 47 drill holes, with multiple thick pegmatites intercepted.
Full suite of assays expected in the coming weeks, in the lithium Super-Province of Western Australia.

2023-04-18 12:02:00

ERL: Yuinmery RC Drilling Results

EMPIRE RESOURCES LIMITED 🔗 📄 📈

Final assays received for February 2023 RC drilling at Yuinmery.
Strong copper and gold mineralisation in A-Zone drilling and broad zones of copper mineralisation in YT01 drilling.
Empire remains well funded for further exploration activity and continues to develop the potential of the Yuinmery project.

2023-04-18 12:02:00

NIC: Oracle Nickel Commences Commercial Sales

NICKEL INDUSTRIES LIMITED 🔗 📄 📈

Nickel Mines Limited's 70% owned Oracle Nickel Project has received its Industrial Business License, allowing it to start commercial sales from stockpiled NPI production.
As of March end, ONI had produced 5,953 tonnes of nickel metal, with all four RKEF lines commissioned and sales commencing after receiving the IUI license.
The construction of ONI's designated powerplant is progressing well and set to commission in the current quarter, with production expected to increase by approximately 50% after completion.

2023-04-18 10:55:00

ADX: Giant Welchu Gas Prospect Progress Update

ADX ENERGY LTD 🔗 📄 📈

Independent review by GaffneyCline confirms ADX's geotechnical interpretation and resource potential for the Welchau gas prospect.
Drilling application documents submitted, with operations expected to commence in September 2023.
Strong stakeholder and community engagement maintained, with the well attracting industry, government, and media attention.

2023-04-18 10:22:00

SRN: Victory Bore Vanadium Project Positive Environmental Survey

SUREFIRE RESOURCES NL 🔗 📄 📈

The environmental survey for Victory Bore Vanadium Project was completed with no matters of concern identified.
There were no Threatened Flora species or Ecological Communities found within the project area.
The positive outcome of the survey is a step towards permitting and approvals for the Victory Bore deposit.

2023-04-18 10:20:00

EGL: EGL Acquisition of Airtight and Capital Raising

ENVIRONMENTAL GROUP LIMITED (THE) 🔗 📄 📈

EGL to acquire Airtight Solutions, a leading Australian air pollution services provider, for $7.0 million plus up to $5.0 million earnout based on FY24 earnings.
EGL will undertake an equity capital raising of up to $9.0 million, comprising a placement to raise $8.0 million and a subsequent Share Purchase Plan to raise up to a further $1.0 million.
Acquisition expected to be more than 15% EPS accretive for EGL shareholders on forecast FY24 pro forma earnings and aims to expand EGL's presence in the air pollution control market.

2023-04-18 10:20:00

HYD: Hydrix signs $1.5m revolving loan facility

HYDRIX LIMITED 🔗 📄 📈

Hydrix Services Pty Ltd entered into a $1.5m revolving loan facility agreement with Tradeplus24 Australia Pty Ltd to support revenue growth and working capital requirements.
The facility's key terms include a borrowing base percentage of 70% of Hydrix Services' eligible trade debtors, a variable interest rate, and an expiration date of 31 May 2024.
Hydrix Executive Chairman, Gavin Coote, stated that the facility supports the growth of the Services business and is more capital efficient than using equity.

2023-04-18 10:13:00

CMO: Narragene Project Heritage Work Clears Path for Drill Target

COSMO METALS LIMITED 🔗 📄 📈

Narragene Project heritage survey clears path for on-ground exploration of high priority base metals targets, with potential for Cu-Ni-Co-PGE.
Reconnaissance MLEM survey identifies high-priority, drill-ready conductor NA1, with soil survey and drill planning set to commence soon.
Historical drilling data demonstrates prospectivity for sulphide-hosted nickel and copper mineralization in the area, increasing the team's excitement for the ongoing exploration work.

2023-04-18 09:56:00

CTP: Resource Estimates for Three Sub-salt Exploration Wells

CENTRAL PETROLEUM LIMITED 🔗 📄 📈

Central Petroleum provides resource estimates for three well sub-salt exploration program targeting helium, hydrogen, and natural gas.
Central's share of gas resources across three prospects: 44.8 bcf helium, 56.7 bcf hydrogen, and 272 bcf natural gas.
Exploration program will be operated by Santos, with Central being carried by Peak Helium for two of the new sub-salt exploration wells.

2023-04-18 09:53:00

EGR: EcoGraf Signs Framework Agreement with Tanzanian Government

ECOGRAF LIMITED 🔗 📄 📈

EcoGraf has signed the Framework Agreement with the Tanzanian Government for the development and operation of the Epanko Graphite Project.
A new joint venture entity, Duma TanzGraphite, will be created with EcoGraf holding an 84% interest and the Government having a 16% free-carried interest.
The agreement includes terms for financing, license transfers, government support, and board appointments for Duma TanzGraphite.

2023-04-18 09:53:00

NEU: DAYBUE (trofinetide) launched in US - Neuren earns US$40m

NEUREN PHARMACEUTICALS LIMITED 🔗 📄 📈

DAYBUE™ (trofinetide) is now available in the US for the treatment of Rett syndrome in adult and pediatric patients aged two years and older, with Neuren earning US$40m from the launch.
Neuren is eligible to receive ongoing royalties on net sales of trofinetide in North America, plus milestone payments of up to US$350m and one-third of the market value of the Rare Pediatric Disease Priority Review Voucher.
Neuren is also conducting Phase 2 trials for NNZ-2591, targeting Phelan-McDermid syndrome, Angelman syndrome, Pitt Hopkins syndrome, and Prader-Willi syndrome, with all programs granted "orphan drug" designation in the US.

2023-04-18 09:50:00

X2M: Letter to Shareholders

X2M CONNECT LIMITED 🔗 📄 📈

X2M Connect Limited completes placement of $858,000 for ordinary shares, to fund enhancements to accommodate growth driven by government initiatives in Japan, Taiwan, and Australia.
Share Purchase Plan (SPP) offers eligible shareholders the opportunity to acquire up to $30,000 worth of shares at the same price as the placement, which is $0.068 per share.
Government initiatives in Japan, Taiwan, and Australia are expected to accelerate connected devices onto the X2M platform, with subsidy programs and funding for various energy management sectors.

2023-04-18 09:44:00

PTR: Comet Rare Earth Project - Drilling Update

PETRATHERM LTD 🔗 📄 📈

Exploration drilling at Comet Rare Earth Project is scheduled to resume from mid-May, focusing on the Artemis REE Prospect and other high-priority targets.
REE mineralisation at Meteor REE Prospect and Artemis REE Prospect offers significant potential, with excellent logistics for future development due to proximity to infrastructure.
Upcoming exploration traverse drilling seeks to identify more REE mineralisation within the project area, with 90% still unexplored for REE potential.

2023-04-18 09:41:00

SSM: Service Stream secures additional N2P fibre upgrade program

SERVICE STREAM LIMITED 🔗 📄 📈

Service Stream Limited secures significant program allocation and term extension under its existing N2P Evolution Agreement with NBN Co.
The additional program award is expected to generate around $240 million of revenue over a 24-month period and extends the existing agreement to December 2025.
The Fibre Connect program aims to deploy additional fibre infrastructure across Australia, providing faster broadband speeds, improved reliability, and increased customer access to full fibre upgrades.

2023-04-18 09:36:00

A4N: Tranche 2 Funds from Critical Minerals Grant

ALPHA HPA LIMITED 🔗 📄 📈

Alpha HPA Limited received the second tranche of $8.525 million from the Critical Minerals Development Program grant.
The funds will be used for expanding and accelerating production capacity at the Stage 1 PPF Facility in Gladstone, Queensland.
All major equipment orders have been finalized, and the first deliveries of HPA circuit equipment have arrived at the site.

2023-04-18 09:33:00

MTL: Placement

MANTLE MINERALS LIMITED 🔗 📄 📈

Mantle Minerals Limited has received commitments to raise $1,703,681 through a placement from sophisticated and professional investors.
The funds will be used for drilling the Roberts Hill gold project in the Pilbara Region of Western Australia.
The placement structure consists of shares and attaching options, with shares being issued on or around 21 April 2023.

2023-04-18 09:28:00

SVR: Solvar lifts Dividend Payout Ratio

SOLVAR LIMITED 🔗 📄 📈

Solvar Limited announces a capital management framework targeting higher shareholder returns by increasing the maximum dividend payout ratio to 90% of Net Profit after Tax.
The company has a strong balance sheet, significant funding capacity, and low financial leverage, allowing for profitable growth and increased dividend payouts.
Solvar's loan book grew 23.1% to $876.8 million, and the company aims to surpass $1 billion in loan book value in 2023.

2023-04-18 09:28:00

VMS: Venture expands REE strategy with new priority targets in WA

VENTURE MINERALS LIMITED 🔗 📄 📈

Venture Minerals acquired new priority Rare Earth Element (REE) targets and is focusing on clay-hosted REE mineralization.
New acquisitions include a 511 km2 tenement package (Brothers) and a 809 km2 tenement package (Bandy), with high-grade samples and plans for drilling programs.
The company also identified coincident laterite REE results and conductivity anomalies at the Kulin Project, making them high-priority targets for drilling.

2023-04-18 09:27:00

VKA: VIKING DRILLING HITS 12M OF HIGH-GRADE VANADIUM AT 1.06%V2O5

VIKING MINES LIMITED 🔗 📄 📈

First results from maiden RC drilling program at Canegrass yield high-grade Vanadium (1.06% V2O5) in a 12-meter intercept.
Results significantly higher than Canegrass Project Inferred Mineral Resource average of 0.64% V2O5, potentially leading to a more substantial high-grade Vanadium resource.
~5,500m RC drilling program scheduled for the June quarter, aiming to further define high-grade Vanadium mineralization and increase project value.

2023-04-18 09:24:00

MMA: SHALLOW HIGH-GRADE SILVER INTERSECTED

MARONAN METALS LIMITED 🔗 📄 📈

Shallow high-grade silver intersected in drill hole MRN23001 at Eastern Horizon with significant results.
Target 1 renamed the Starter Zone; strong continuity in the Shallow Silver Zone (SSZ) within the Eastern Horizon.
Two additional holes up-plunge of MRN23001 in progress; SSZ a high priority for potential mine development.

2023-04-18 09:19:00

MGT: Razorback Iron Ore Project Rail Access Unlocked

MAGNETITE MINES LIMITED. 🔗 📄 📈

Land access agreement signed for Hillgrange rail-side infrastructure location, enabling access to rail for Razorback Iron Ore Project.
Australian Rail Track Corporation (ARTC) confirms no impediments for proposed siding connection and infrastructure development.
Aurizon, Australia's largest rail freight operator, engaged to provide support for 'above rail' services including trains, locomotives, and iron ore wagons.

2023-04-18 09:15:00

OCC: Orthocell commences nerve repair study

ORTHOCELL LIMITED 🔗 📄 📈

Orthocell commences a nerve repair comparator study to support marketing initiatives and international regulatory approval and reimbursement strategies.
The study aims to validate Remplir's effectiveness in nerve regeneration compared to traditional methods and drive the product into international markets.
Collaborating with Professor Bill Walsh at the University of New South Wales, the study is targeted for completion in Q1 2024.

2023-04-18 09:00:00

CHR: Lake Johnston Project Update

CHARGER METALS NL 🔗 📄 📈

All assays received for maiden reverse circulation program at Medcalf Prospect, with multiple high-grade lithium intersections being reported.
Results will be modeled to define priority targets for follow-up drilling to test for extensions of high-grade lithium mineralization.
An Aboriginal Heritage survey will commence this week at the Medcalf Prospect in preparation for the upcoming extensional drill program.

2023-04-18 08:59:00

DRO: DroneShield Awarded $2.2 Million for Portable Counter-UAS

DRONESHIELD LIMITED 🔗 📄 📈

DroneShield has received two orders totalling approximately $2.2 million for its handheld counter-UAS systems, including the DroneGun Mk4.
The orders were placed by the U.S. DoD and another U.S. Federal Government agency, with payments expected in 3Q23.
The company is experiencing record demand for its solutions due to the rapid growth of the C-UAS market and drone technology in warfare.

2023-04-18 08:53:00

CXO: Significant Increase to Finniss Mineral Resources

CORE LITHIUM LTD 🔗 📄 📈

Total Finniss Mineral Resource Estimate increased by 62% to 30.6Mt @ 1.31% Li2O.
Measured and Indicated Mineral Resource increased by 46% to 19.4Mt @ 1.37% Li2O.
Core Lithium has commenced the 2023 drilling campaign, allocating $25 million to the program for further resource growth.

2023-04-18 08:52:00

GHY: Stage 1 Soil-Gas Survey Commenced

GOLD HYDROGEN LIMITED 🔗 📄 📈

Gold Hydrogen's soil-gas survey, conducted by CSIRO, has begun on the Ramsay Project (PEL 687), with up to 80 locations identified for sampling.
The Stage 1 soil-gas survey aims to detect hydrogen gas in surface soils, aiding further exploration activities and building drilling inventory leads.
An approved non-invasive airborne survey is also underway, with approximately 58% of the data acquired, while drilling to validate subsurface hydrogen is planned for late 2023.

2023-04-18 08:50:00

PH2: Hydrogen Powered Prime-Mover to Launch at Brisbane Show

PURE HYDROGEN CORPORATION LIMITED 🔗 📄 📈

Australia's first hydrogen fuel cell prime-mover truck, the 'Taurus', will be showcased at the Brisbane Truck Show on 18 May 2023.
The Taurus is a co-development project led by Pure Hydrogen with input from PepsiCo, and will be trialed with PepsiCo after the truck show.
The Australian-designed Taurus is a 220kW 6 x 4 Prime Mover with state-of-the-art features, including a hydrogen refueling point and luxurious cabin interiors.

2023-04-18 08:47:00

ITM: First Drill Results from Sugarloaf Graphite Prospect

ITECH MINERALS LTD 🔗 📄 📈

Best results from the first 6 of 17 drill holes at Sugarloaf show thick, high-grade graphite mineralization extending well into the southern half of the exploration target.
Assays from 11 additional drill holes are expected in the coming weeks, with results suggesting mineralization extends to within meters of the surface.
iTech Minerals' 2023 drilling campaign has demonstrated a combined interval of over 46m at greater than 10% graphite in the exploration target.

2023-04-18 08:42:00

DVL: dorsaVi signs with University of Rochester Medical Center

DORSAVI LTD 🔗 📄 📈

dorsaVi has signed a new contract with the University of Rochester Medical Center, generating around A$100,000 in sponsored research support over an initial 12-month period, with potential for up to a 5-year extension.
The collaboration aims to research and investigate spinal motion and patterns of movement using dorsaVi's wearable sensor technology, advanced AI, and Machine Learning algorithms, along with UR Medicine Motion Laboratory's state-of-the-art gait and motion lab.
Assistant Professor Ram Haddas will lead the project, which is expected to support research on dorsaVi's product line, enhance its top-tier client base, and diversify its revenue stream.

2023-04-18 08:40:00

GAS: Rougemont Production Testing Update

STATE GAS LIMITED 🔗 📄 📈

Rougemont production test shows stable economic gas flow rate with excellent permeability in target coal seams.
Temporary closure planned for pressure build-up testing to better understand reservoir dynamics.
Results provide foundation for establishing substantial gas reserve and accelerating regional gas project development.

2023-04-18 08:36:00

EVN: Ernest Henry Resumes Mining Activities

EVOLUTION MINING LIMITED 🔗 📄 📈

Ernest Henry operation has safely resumed mining activities and will reach normal production levels by the end of June quarter 2023.
Weather impact at Ernest Henry will result in lower gold and copper production of approximately 17,000 ounces and 10,000 tonnes respectively in FY2023.
Gold and copper production in the March quarter was reduced by ~6,400 ounces and ~4,100 tonnes respectively.

2023-04-18 08:24:00

PLT: Plenti maintains strong momentum

PLENTI GROUP LIMITED 🔗 📄 📈

Plenti Group Limited reported a loan portfolio increase of 36% year-on-year to $1.77 billion, with loan originations of $276 million in Q4 2023.
The company maintained robust net interest margins and strong credit performance, while launching their innovative GreenConnect platform.
Plenti also completed a $300 million personal and green loan asset-backed securities transaction in February 2023 and achieved quarterly revenue of $42.3 million, up 48% from the prior corresponding period.

2023-04-18 08:24:00

OD6: Bumper REE Grades and Extensive Thicknesses at Splinter Rock

OD6 METALS LIMITED 🔗 📄 📈

Bumper assay results and clay thicknesses returned from the second phase, 83-hole drill program, with higher grades and larger thicknesses than those observed in the initial impressive program.
Grades of up to 6,605 ppm Total Rare Earth Oxides (TREO) returned, with extensive clay thickness of between 20 and 80m at consistently high grades.
Phase three 188-hole, 10,000m drill program focused on Centre and Prop scheduled to begin Q2 2023.

2023-04-18 08:23:00

BRU: Rafael gas and condensate commercialisation update

BURU ENERGY LIMITED 🔗 📄 📈

Pre-feasibility study shows a Kimberley-based FLNG facility as a feasible option to commercialize Buru Energy's Rafael gas and condensate resource with over one TCF of gas and over 20 million barrels of condensate.
Continued work with Transborders Energy and other partners to progress commercial discussions, refine costs, and explore alternative commercialization pathways such as local LNG production and gas conversion to methanol, ammonia, and urea.
Rafael appraisal program ongoing with 3D seismic survey set for the second half of this year and appraisal drilling planned for 2024 to accelerate project development.

2023-04-18 08:18:00

EVS: Q3 Sales Update - $4.2m in new Sales

ENVIROSUITE LIMITED 🔗 📄 📈

Total ARR grows 15% on PCP to $56.2m.
Q3 New Sales of $4.2m, up 14% on PCP including New ARR of $2.0m and Project Sales of $2.2m.
Envirosuite on track to achieve Adjusted EBITDA profitability during FY23.

2023-04-18 08:17:00

KNI: Drilling at Undal Nyberget Intersect Sulphide Mineralisation

KUNIKO LIMITED 🔗 📄 📈

Drilling at Undal-Nyberget Copper Project intersects sulphide mineralisation within two zones - West (210 m) and Middle (128 m) strike lengths.
8 holes were drilled, testing three geophysical conductor targets; West and Middle targets correlate well with distinct sulphide mineralisation styles.
CEO Antony Beckmand states that the initial drilling results demonstrate the success of their exploration strategy, and the company awaits further assay results.

2023-04-18 08:17:00

EV1: Key agreements signed with the Government of Tanzania

EVOLUTION ENERGY MINERALS LIMITED 🔗 📄 📈

Evolution Energy Minerals signed key agreements with the Government of Tanzania for the Chilalo Graphite Project.
The agreements provide certainty for financiers to support further investment in the project.
Completion of the agreements is a significant milestone in the development of the Chilalo Graphite Project.

2023-04-18 08:16:00

AIS: GROUP MINERAL RESOURCE AND ORE RESERVE STATEMENT

AERIS RESOURCES LIMITED 🔗 📄 📈

Group Mineral Resource tonnage increased by 6% to 54.9Mt compared to the previous estimate at 30 June 2022.
New resources reported for Kurrajong (Tritton) and Golden Plateau (Cracow), along with an update for Turbo (Jaguar).
Group Ore Reserve tonnage decreased by 5% to 16Mt due to mining depletion, offset by the maiden Ore Reserve Estimate for Turbo (Jaguar).

2023-04-18 08:16:00

PCL: Namibia PEL 87 Project Update

PANCONTINENTAL ENERGY NL 🔗 📄 📈

Over 50% of the 6,872 km2 PEL 87 3D seismic survey acquired, expected to be completed by early June.
Survey will provide high-resolution subsurface imaging of the Saturn Turbidite Complex and surrounding area.
Fast-track processed results should be available and interpreted by the end of August 2023.

2023-04-18 08:16:00

EMD: Emyria to Develop Psilocybin Therapy Care Model

EMYRIA LIMITED 🔗 📄 📈

Emyria and PAX Centre to develop a care model for psilocybin-assisted therapy, complementing their existing MDMA-assisted therapy care model.
Collaboration aims to address the overlap between symptoms of depression and PTSD, expanding treatment options for patients with either or both conditions.
Dr. Ben Sessa, renowned psychiatrist and MDMA researcher, engaged to provide therapist training across MDMA and psilocybin therapies.

2023-04-18 08:15:00

PEK: Framework Agreement Signed for Ngualla Rare Earth Project

PEAK RARE EARTHS LIMITED 🔗 📄 📈

Binding Framework Agreement for the Ngualla Rare Earth Project signed with the Government of Tanzania.
Agreement supports economic returns, aligns interests, and facilitates staged development, lowering costs and risks.
Targeting a Final Investment Decision by the end of September 2023.

2023-04-18 08:15:00

LRV: Bonanza Rare Earth Drill Results - Merivale South

LARVOTTO RESOURCES LIMITED 🔗 📄 📈

Bonanza grade rare earth elements oxide (TREO) results announced from recent drilling at Merivale South Prospect in Western Australia
Findings show potential for significant amounts of TREO, with more geochemical anomalies for further testing
Results demonstrate excellent heavy TREO and NdPr ratios, attracting comparison to leading global companies'

2023-04-18 08:15:00

CRR: Thick Near Surface Mineralisation Intercepted at Mavis Lake

CRITICAL RESOURCES LIMITED 🔗 📄 📈

Multiple at/near-surface spodumene-bearing pegmatite intercepts identified at the Mavis Lake Lithium Project.
Intercepts align with pegmatite projections and modeling, supporting the ongoing development studies for Mavis Lake.
JORC 2012 compliant Maiden Mineral Resources Estimate (MRE) process nearly complete, with results to be released in the coming weeks.

2023-04-18 08:15:00

3DP: Trading & Operations Update

POINTERRA LIMITED 🔗 📄 📈

Q3 FY23 cash receipts rebound to A$3.3 million, delivering a cash flow positive quarter.
Annual Contract Value (ACV) growth expected via expansion of existing contracts and addition of new subscriptions.
Executive appointments for Chief Growth Officer and Chief Financial Officer positions.

2023-04-18 08:14:00

EMC: Completion of Revere Gold and Mt Edon Lithium Transactions

EVEREST METALS CORPORATION LTD 🔗 📄 📈

Everest Metals Corporation Limited (EMC) has completed transactions to acquire a 51% interest in both the Revere Gold Project and Mt Edon LCT Project through joint venture agreements with Entelechy Resources Pty Ltd.
The Mt Edon LCT Project is known for its potential for Lithium, Caesium, Tantalum, and Rubidium mineralisation, while the Revere Gold Project contains the highly mineralised Revere Reef System.
EMC has the ability to move towards 100% ownership of both projects following the completion of these transactions.

2023-04-18 08:14:00

DKM: Sulphide Success at The Bulge

DUKETON MINING LIMITED 🔗 📄 📈

Diamond drill program at the Bulge completed, with sulphides intersected in all drillholes.
Four holes drilled outside of the current Rosie mineral resource show mineralization continues beyond the inferred/indicated resource.
A 4000m RC program at The Bulge is scheduled for May, testing the western ultramafic contact and other exploration targets.

2023-04-18 08:13:00

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