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News from 21st April, 2023

*Disclaimer

ASX Briefs · Battery Metals News for April 21, 2023

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1ST: Divestment of MyHealth1st

1ST GROUP LIMITED 🔗 📄 📈

1ST Group Limited has agreed to sell MyHealth1st to HealthShare Pty Ltd for $1.25 million.
The sale aligns with plans to create a focused and profitable healthcare technology organization, reducing net cash outflows for 1ST Group.
The transaction is expected to complete on 31 May 2023, supporting the ongoing growth of Visionflex, their diagnostic Telehealth product.

2023-04-21 16:39:00

IPL: IPL secures long-term urea supply offtake agreement

INCITEC PIVOT LIMITED 🔗 📄 📈

IPL secures exclusive 20-year offtake agreement with Perdaman for up to 2.3 million tonnes per annum of granular urea, starting from mid-2027.
Offtake agreement is expected to provide competitively priced urea and add an estimated incremental EBIT of approximately A$45 million per annum to the IPF business.
Up to 50% of the urea to be marketed within Australia, with the remainder to be exported to international markets.

2023-04-21 16:18:00

COO: Update on Legal Proceedings

CORUM GROUP LIMITED 🔗 📄 📈

Judgment handed down in favor of Corum Systems for $5,133,701 with additional interest and costs to be determined.
Judgment in favor of PharmX, dismissing Fred's claims, with costs to be determined.
Parties have 28 days to file an appeal.

2023-04-21 13:41:00

CAI: Successful raising allows for production & cashflow growth

CALIDUS RESOURCES LIMITED 🔗 📄 📈

Calidus Resources has raised $23 million through a share placement to professional, sophisticated, and institutional investors at a price of $0.21 per share.
Proceeds from the placement will be used to strengthen Calidus' balance sheet and support planned expansions at its Warrawoona Gold Project in Western Australia.
Alkane Resources, Calidus' largest shareholder, has subscribed for $2.5 million of placement shares, and Macmahon Holdings has elected to convert around $10.5 million of its existing creditor position to equity at the same price as the placement.

2023-04-21 10:16:00

ROG: Killanoola PIIP Best Estimate Revised Upward to 135.5 mmbbls

RED SKY ENERGY LIMITED. 🔗 📄 📈

Independent Report at Killanoola calculates Best Estimate PIIP now at 135.5 mmbbls
45.7% increase in Best Estimate PIIP
Interpretation of new 3D seismic data has resulted in changes to the size of structural compartments

2023-04-21 10:06:00

OSL: Additional Binding Commitment Received for Entitlement Offer

ONCOSIL MEDICAL LTD 🔗 📄 📈

OncoSil Medical Limited has received a binding commitment from Defender Asset Management Pty Ltd for $3 million to cover any shortfall from the Entitlement Offer.
Total binding commitments received amount to $5 million, exceeding the minimum subscription amount of the Entitlement Offer.
The Entitlement Offer aims to raise approximately A$9.9 million from shareholders for the medical device company focused on localized treatments for patients with locally advanced pancreatic cancer.

2023-04-21 10:02:00

RBR: Operations Update

RBR GROUP LIMITED 🔗 📄 📈

Projectos Dinamicos (PD) completed the US$2.0m WBHO Contract at Temane, with final handover in progress and progressing on schedule for the TSK/CTT accommodation camp contract.
Futuro Group (FG) entities experience a significant lift in business activity, including engineering recruitment and construction contract enquiries increase as Total and EPC contractor, Saipem, prepare for the Rovuma LNG onshore facility restart in Afungi.
RBR Group's Mozambique business units show potential for revitalization and growth, with PD building its revenue base and focusing on increased camp accommodation and local labor supply services at the SASOL PSA project in Temane.

2023-04-21 09:42:00

AR3: $11.1m raised to accelerate activity at Koppamurra

AUSTRALIAN RARE EARTHS LIMITED 🔗 📄 📈

$11.1 million raised for Koppamurra Rare Earth mineral province through placement of 24.6 million new shares.
Funds to be used for resource definition drilling, metallurgical test work, stakeholder engagement, and evaluation of downstream processing options at Koppamurra.
Strong support from domestic and international investors, with bids received significantly exceeding available placement capacity.

2023-04-21 09:42:00

HPR: Northern Territory Royalties Update - EP125 & EP112

HIGH PEAK ROYALTIES LIMITED 🔗 📄 📈

HPR holds a 1.0% royalty interest in EP112 and EP125, with sub-salt exploration wells targeting helium, hydrogen, and natural gas.
Central Petroleum Limited (ASX: CTP) announced resource estimates and plans to commence drilling later this year or early 2024.
Success in Southern Amadeus could deliver world-class helium quantities plus "multi-tcf's" of natural gas.

2023-04-21 09:31:00

TSI: TSI appoints Trent Fraser as CEO

TOP SHELF INTERNATIONAL HOLDINGS LTD 🔗 📄 📈

Top Shelf International Holdings Limited (TSI) appoints Trent Fraser as the new CEO, replacing Drew Fairchild.
Drew Fairchild, co-founder and former Managing Director, resigns after leading the company through significant growth and development.
Fraser, former Moët Hennessy Louis Vuitton (LVMH) Vice President, will lead TSI into its next phase, aiming to create globally relevant multi-branded spirits.

2023-04-21 09:12:00

DRR: BHP Operational Review - March 2023 Quarter

DETERRA ROYALTIES LIMITED 🔗 📄 📈

MAC production for March 2023 quarter was 29.7 million wet metric tonnes, a decrease of 3.9% compared to the prior quarter.
South Flank's ramp up to full production capacity of 80 Mwmt per annum is on track for completion by the end of the 2024 financial year.
Deterra receives an ongoing royalty of 1.232% of AUD denominated quarterly FOB revenue from the MAC royalty area, with one-off capacity payments determined for the period ending 30 June.

2023-04-21 09:08:00

TSN: Update on schemes of Arrangement with Elixinol

THE SUSTAINABLE NUTRITION GROUP LTD 🔗 📄 📈

TSN announces an agreement with EXL to amend the Scheme Implementation Deed and provide certain consents, waivers, and changes already announced to the market.
Adjustments are made to the number of TSN shares on issue and the number of Bidder's Shares in EXL's representation, accounting for various securities issues and executive remunerations.
A copy of the Deed of Variation, including a marked-up copy of the Restated Scheme Implementation Deed, is attached to the announcement for reference.

2023-04-21 09:04:00

ESS: Termination of TLEA Scheme implementation agreement

ESSENTIAL METALS LIMITED 🔗 📄 📈

Essential Metals announced that the Scheme Implementation Agreement with Tianqi Lithium Energy Australia (TLEA) has been terminated.
The resolution for the scheme of arrangement, under which TLEA proposed to acquire all shares in Essential for $0.50 per share in cash, was not approved by Essential shareholders.
Essential will now re-energize its focus on the Pioneer Dome Lithium Project and can engage with other parties, including those who participated in the Expressions of Interest process.

2023-04-21 08:55:00

WDS: First Quarter 2023 Report

WOODSIDE ENERGY GROUP LTD 🔗 📄 📈

Woodside Energy Group reported Q1 2023 production of 46.8 MMboe, sales volume of 50.4 MMboe, and revenue of $4,330 million, impacted by planned maintenance.
Scarborough and Pluto Train 2 projects are now 30% complete, and Sangomar's drilling program and FPSO works continue.
Competitive tenders for Trion and key project activities for H2OK progressed in support of targeted FID readiness in 2023.

2023-04-21 08:50:00

LVH: LiveHire and Arrived enter into Sale Agreement

LIVEHIRE LIMITED 🔗 📄 📈

LiveHire enters into a binding Asset Sale Agreement to acquire all business and assets of Arrived for up to A$5.92 million, payable in LiveHire shares.
No cash consideration will be paid to Arrived, and the Sale Agreement replaces the Binding Term Sheet announced in February 2023.
The acquisition is subject to certain conditions, including shareholder approval and ASX in-principle advice regarding contingent scrip consideration.

2023-04-21 08:49:00

E79: Big Drill Programmes at Laverton South Gold Project Commence

E79 GOLD MINES LIMITED 🔗 📄 📈

E79 Gold Mines Limited announces a substantial 15,000m aircore program at Pinjin and Lake Yindana, with the reverse circulation drill rig expected on site shortly for testing along strike and down dip of previous successful drilling at Target 3.
An aggressive exploration program aims to accelerate material discoveries within their Laverton South and Jungar Flats projects.
The aircore and RC drilling will further define gold mineralisation at Target 3 and test for extensions of gold mineralised granite/greenstone contact, targeting high-grade zones based on the Granny Smith model.

2023-04-21 08:49:00

EXL: Update - Schemes of Arrangement

ELIXINOL WELLNESS LIMITED 🔗 📄 📈

Elixinol Wellness and The Sustainable Nutrition Group have agreed to amend the Scheme Implementation Deed and provide consents/waivers for their proposed acquisition.
Changes include the appointment of Ronald Dufficy as Managing Director and adjustments to the diluted capital figures in the Company's representation.
Other changes involve the issue of performance share rights to directors and employees, subject to shareholder approval at the Company's Annual General Meeting on 31 May 2023.

2023-04-21 08:41:00

LNR: New Ironstone Trends at Lyons Projects

LANTHANEIN RESOURCES LTD 🔗 📄 📈

New Ironstone trends discovered with potential to host REE mineralization outcropping at surface.
Rockchips sent for priority analysis; high-resolution ground magnetic survey completed.
Drilling programs targeting Fenitisation and carbonatite targets to commence in the coming days.

2023-04-21 08:37:00

M4M: High grade rock chip samples at Mogul VMS Project

MACRO METALS LIMITED 🔗 📄 📈

High-grade rock chip samples collected at Mogul VMS Project show promising results, including 33% Cu, 948 g/t Ag, and 2 g/t Au.
These results confirm the project's prospectivity and align with previous findings from earlier operators.
An external geophysical contractor has been engaged to conduct gravity and IP surveys to help locate further mineralization extensions.

2023-04-21 08:34:00

EDC: Successful closing of EFM Harpley Town Centre Property Trust

EILDON CAPITAL GROUP 🔗 📄 📈

EFM Harpley Town Centre Property Trust secures $31.5 million from wholesale investors for a new seven-year, fixed-term direct property fund.
Fund aims to develop a neighbourhood shopping center named "Harpley Town Centre" in Werribee, Victoria, featuring strong national brand tenants like Coles and others.
EDC has committed to co-invest $1.5 million into the Fund, emphasizing alignment of interest.

2023-04-21 08:31:00

EQX: Equatorial to Acquire the Nimba Alliance Iron Ore Project

EQUATORIAL RESOURCES LIMITED 🔗 📄 📈

Equatorial Resources Limited to acquire the Nimba Alliance Iron Ore Project in Guinea, West Africa.
Project consists of major landholdings in Guinea's Nimba Iron Ore Corridor, including 100% ownership of the Nimba West permit and 56% of the Nimba North permit.
Acquisition is subject to due diligence, and consideration for the acquisition includes 5,000,000 shares in Equatorial upon settlement and an additional 5,000,000 deferred shares upon the renewal or extension of the Nimba West permit.

2023-04-21 08:19:00

AJL: AJ Lucas Group Re-finances Finance Facilities for Two Years

AJ LUCAS GROUP LIMITED 🔗 📄 📈

AJ Lucas Group successfully refinances its major debt facilities for an additional two years on similar terms.
New finance agreements give the company flexibility to maximize opportunities and accrue savings in the metallurgical coal sector.
The refinanced facilities include a senior secured asset-backed lending facility, a junior notes facility, and a subordinated facility with Kerogen Capital.

2023-04-21 08:19:00

PAA: Canine Trial Update

PHARMAUST LIMITED 🔗 📄 📈

Phase 2 trial in canines with B-cell lymphoma shows promising results, with partial and stable disease responses.
Median survival extended to 150 days, maintaining quality of life; trial completion expected by mid-2023.
PharmAust in confidential talks with potential licensing partners for canine cancer treatment.

2023-04-21 08:18:00

TEE: High Natural Hydrogen/Helium Propsectivity Potential in NT

TOP END ENERGY LIMITED 🔗 📄 📈

Phase I natural Hydrogen assessment completed, identifying highly prospective play fairways for natural Hydrogen across Top End Energy's prioritized NT acreage.
Key systems elements for natural Hydrogen also encouraging for Helium exploration, a valuable product in short global supply.
Q2 2023 grant of Exploration Permit 258 anticipated, further developing the Company's strategy for clean end products and complementing existing focus on natural gas as a transitional fuel.

2023-04-21 08:18:00

TOR: Drilling identifies mineralised zones at Paris Gold Project

TORQUE METALS LIMITED 🔗 📄 📈

Diamond drilling at Paris and Observation gold prospects completed, encountering multiple zones of potential mineralization at the Paris gold camp.
Altered fault zones with abundant sulphides and quartz veining observed, with metallurgical test work to be conducted and a 43-hole RC drilling program commencing.
Further diamond drilling to test extensions to Paris mineralization at depth will begin after the conclusion of the RC program.

2023-04-21 08:18:00

IXC: Invex Receives Regulatory Approval for IIH EVOLVE in France

INVEX THERAPEUTICS LTD 🔗 📄 📈

Invex Therapeutics has received approval from ANSM/CPP in France to commence the IIH EVOLVE Phase III clinical trial for Presendin™ treatment in IIH patients.
Up to six clinical sites will be opened in France, with the trial aiming to determine the efficacy and safety of Presendin™ versus placebo over 24 weeks.
Invex has secured necessary regulatory approvals worldwide and intends to enroll patients from up to 40 clinical sites globally.

2023-04-21 08:17:00

MRC: Operations Update - Skaland

MINERAL COMMODITIES LTD 🔗 📄 📈

Operations at Skaland graphite have been temporarily suspended due to a national workers strike in Norway.
Mediation between unions and employers' representatives is ongoing, with the company monitoring the situation.
The temporary suspension is expected to have limited impact on Mineral Commodities Ltd's financial performance.

2023-04-21 08:17:00

M2R: Successful EIS Application for Whaleshark Diamond Drilling

MIRAMAR RESOURCES LIMITED 🔗 📄 📈

Successful EIS application for diamond drilling at Whaleshark IOCG Project.
Approval of co-funded drilling costs up to $180,000, including mobilisation.
Drilling to commence in June following completion of heritage surveys.

2023-04-21 08:17:00

PLL: Piedmont Lithium Completes DFS of Tennessee Lithium Project

PIEDMONT LITHIUM INC. 🔗 📄 📈

Piedmont Lithium completed a Definitive Feasibility Study for its Tennessee Lithium project, showing an estimated after-tax NPV of US$2.5 billion and an after-tax IRR of 32%.
The project will use Metso:Outotec technology for sustainability, with construction aimed to begin in 2024.
America's pro-EV policies and the Inflation Reduction Act demonstrate positive impacts on the project's economics.

2023-04-21 08:17:00

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