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News from 2nd May, 2023

*Disclaimer

ASX Briefs · Battery Metals News for May 2, 2023

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AMT: Company Update on Sale of Orthopaedic Asset

ALLEGRA ORTHOPAEDICS LIMITED 🔗 📄 📈

Allegra Orthopaedics enters binding agreement to sell all Orthopaedics Division assets to Robinwood Investments Pty Ltd for AUD $1 million cash and over $3.3 million in inventory.
Transaction subject to shareholder approval, with the aim to complete by 31 July 2023.
Proceeds from the sale will be used to extinguish Allegra's existing debt obligations.

2023-05-02 19:15:00

PNV: NovoSorb MTX First Sales and March 2023 $6m Revenue

POLYNOVO LIMITED 🔗 📄 📈

PolyNovo announces first sales of NovoSorb® MTX, expanding their advanced wound care portfolio.
NovoSorb® MTX is used for various wound types and increases their addressable market by an estimated $AU500M.
The product provides innovative solutions for clinicians, enhancing their wound management toolkit.

2023-05-02 12:00:00

ARL: Nickel sulphide anomalism from drilling at Kalpini Project

ARDEA RESOURCES LIMITED 🔗 📄 📈

Twenty-four exploration aircore drill holes completed at Emu Lake in October 2022, with significant nickel sulphide anomalism intersected in drill hole AELA0022.
Ardea Resources Limited continues exploring Battery and Critical Mineral opportunities in Eastern Goldfields of Western Australia, with a focus on completing the Goongarrie Hub PFS.
Ardea has a first-mover advantage over a large area and will undertake further exploration for additional value at the Kalpini Hub.

2023-05-02 11:10:00

FIN: Acquisition Completion and Work Commences at Mt Tremblant

FIN RESOURCES LIMITED 🔗 📄 📈

Fin Resources Limited completes acquisition of a 100% interest in Mt Tremblant Lithium Projects in Quebec, Canada.
Engages Dr. Neil Pendock for high-resolution satellite imagery analysis and desktop analysis of historical data covering the Projects.
Prepares for boots on the ground exploration during the upcoming North American summer field season.

2023-05-02 10:57:00

TSL: Acquisition of James Global, Partnership with JAT Holdings

TITANIUM SANDS LIMITED 🔗 📄 📈

TSL has signed a binding term sheet to acquire James Global (Pvt) Ltd, an associate company of JAT Holdings PLC, subject to various conditions being satisfied.
JAT Holdings PLC will be TSL's in-country partner for Sri Lankan activities, and its Managing Director, Aelian Gunawardene, will be appointed as a Non-Executive Director on TSL's board.
The acquisition represents a synergistic fit with TSL, as JAT Holdings PLC is a significant importer of TiO2-based pigment for coatings manufacture.

2023-05-02 10:31:00

RRR: Heli-EM conductor targets identified at Osprey

REVOLVER RESOURCES HOLDINGS LTD 🔗 📄 📈

Large-scale 706 line-km Heli-EM survey completed at Osprey Project, identifying 14 EM conductor targets for drill testing.
Drill testing is planned to commence from June, targeting Mt Isa-style mineralisation.
Revolver Resources aims to refine, prioritize, and pursue drill testing over the second half of the calendar year for the high-priority 100%-owned Osprey Project.

2023-05-02 10:26:00

RRR: Successful A$5M Capital Raising

REVOLVER RESOURCES HOLDINGS LTD 🔗 📄 📈

Firm commitments received for raising gross proceeds of approximately A$5 million via equity placement and convertible loan facility.
Funds to be directed towards drilling high-priority copper targets at Osprey and Dianne Projects in northern Queensland.
Drilling of the first targets set to commence in June at both Project Osprey and Dianne.

2023-05-02 10:26:00

KSN: Surface drilling underway at Mineral Hill

KINGSTON RESOURCES LIMITED 🔗 📄 📈

Surface drilling has resumed at Mineral Hill, initially focusing on the Pearse North open pit.
The second phase of drilling will target the upper portions of the Southern Ore Zone with four to six drill holes.
This drilling is part of a broader program aimed at testing existing geological models and exploring for new systems.

2023-05-02 10:24:00

CBH: CBH to acquire James Bay and Ontario Lithium Projects

COOLABAH METALS LIMITED 🔗 📄 📈

CBH to acquire 113km2 of lithium exploration claims in Quebec and a 70km2 project in Northwestern Ontario, both near other significant lithium properties.
The acquisition includes four areas in Quebec (Carmoy, Taiga, La Grande, and Mago North) and one in Ontario (McCoy Lake), targeting lithium-rich areas.
Coolabah has received commitments for a $1 million placement at $0.10, a premium to the last traded share price of $0.096.

2023-05-02 10:15:00

RIE: Placement to Advance Drilling at High Grade Kingman Project

RIEDEL RESOURCES LIMITED 🔗 📄 📈

Riedel Resources Limited raises A$3.0 million to accelerate drilling at Kingman Gold Project via a two-tranche placement and Share Purchase Plan (SPP).
Funds will be used for a 7,000m resource definition drilling program at the Tintic prospect, advancing the high-grade gold project towards a development decision, and testing additional high-priority targets.
The company has amended its Earn-In Agreement with Flagstaff Minerals, allowing Riedel to acquire a 90% interest for a $5 million spend (previously 70% interest).

2023-05-02 10:11:00

VMC: Farm-in / JV Henderson Nickel - Lithium Project

VENUS METALS CORPORATION LIMITED 🔗 📄 📈

Venus Subsidiary enters a binding transaction with IGO Subsidiary for exploration, development, and mineral extraction at the Henderson Nickel-Lithium Project.
IGO Subsidiary can acquire up to a 70% interest in the Project by incurring A$4,000,000 of exploration expenditure and reimbursing VMC A$1,000,000.
IGO Subsidiary will fund all Joint Venture expenditures until the completion of a pre-feasibility study with the option to acquire Venus Subsidiary's 30% interest in the Project.

2023-05-02 10:07:00

NWC: Enhanced Scoping Study Antler Copper Project

NEW WORLD RESOURCES LIMITED 🔗 📄 📈

New World updates Scoping Study for the Antler Copper Project, considering a 48% larger resource base than the 2022 study.
An optimized mining operation is identified, with a Pre-Feasibility Study (PFS) targeted for completion in Q4 2023.
Mine permit applications will be finalized using the updated study results, with submission planned for Q3 2023.

2023-05-02 10:00:00

OLL: ECA to Acquire Alchemy Tribridge OLL Shareholding

OPENLEARNING LIMITED 🔗 📄 📈

ECA Investments Group enters into a conditional share sale agreement with Alchemy Tribridge Sapphire to acquire their 13.58% shareholding in OpenLearning.
The agreement is conditional on shareholder approval under item 7 of section 611 of the Corporations Act.
A subcommittee excluding OpenLearning Non-executive Director Mr Rupesh Singh will be formed to engage an independent expert and prepare the notice of meeting.

2023-05-02 10:00:00

ASQ: Hard Rock Silica Quartz - Queensland Projects Clarification

AUSTRALIAN SILICA QUARTZ GROUP LTD 🔗 📄 📈

ASQ clarifies the counterparty to its MOU as Quinbrook Infrastructure Partners Pty Ltd.
Historic resource of 14Mt at 99% SiO2 for Quartz Hill is based on JORC 2004, but has not been verified by ASQ.
Further work is needed to classify the historical resource in accordance with the JORC 2012 Code.

2023-05-02 09:59:00

PNN: Strategic Investment to Accelerate Lithium Assets

POWER MINERALS LIMITED 🔗 📄 📈

Power Minerals secures a $2.6 million strategic investment from lithium sector investor Fuyang Mingjin New Energy Development Co., Ltd.
Investment will accelerate the development of Power's lithium projects in Argentina's Salta Lithium Project.
Mingjin will subscribe for 6.5 million Power shares at $0.40 per share via a Placement, resulting in an 8.9% holding in Power's issued equity capital.

2023-05-02 09:40:00

MOH: Follow-Up Drill Program for Clay-Hosted REE at Peak Charles

MOHO RESOURCES LIMITED 🔗 📄 📈

Second phase reconnaissance aircore drill program for clay-hosted REE at Peak Charles to commence in May 2023, with 47 aircore holes planned.
Drill program will test potential at Rolland East and Top Block prospects, with high grades of up to 3,300ppm TREO reported in nearby areas.
Next steps include reviewing assay results, metallurgical test work, geophysical interpretation, and securing land access agreements.

2023-05-02 09:38:00

RGL: Mt Weld REE Project Drilling Underway

RIVERSGOLD LIMITED 🔗 📄 📈

Drilling program has commenced on tenement P34/4489, located 1.5km from Mt Weld rare earth oxide mine in Western Australia.
Initial program of ~2,000m RC drilling will test three magnetic targets that may represent extensions of the Mt Weld carbonatite intrusive complex.
Drilling program is scheduled to take about 2 weeks, and the company can earn up to a 70% interest in the tenement through a farm-in and joint venture agreement.

2023-05-02 09:37:00

ARE: Resignation of CEO and Director - Lindsay Owler

ARGONAUT RESOURCES NL 🔗 📄 📈

Argonaut Resources announces the resignation of CEO and Director, Lindsay Owler, for personal reasons.
Lindsay Owler provided a 3-month notice, with his last day being 31 July 2023.
The Argonaut Board will immediately commence an executive search for a replacement Chief Executive Officer.

2023-05-02 09:37:00

CY5: Options Exercise and Cash Position

CYGNUS GOLD LIMITED 🔗 📄 📈

Cygnus Metals Limited has $8.7 million cash on hand after the exercise of options.
Funds will be used for completion of the maiden resource for Pontax and further exploration activities in various projects.
Substantial shareholder Steve Parsons increased his shareholding, and non-executive directors exercised their options.

2023-05-02 09:37:00

AUQ: Additional Finance Facility for Wash-hi Majaza Project

ALARA RESOURCES LIMITED 🔗 📄 📈

Al Hadeetha Resources has secured an additional ~USD15 million loan from Sohar Bank International for the Al Wash-hi Majaza Copper-Gold Project development.
Civil construction of the project's 1MTPA copper processing plant is approximately three quarters complete, with substantial progress in MEP works.
Project commissioning phase is expected to commence from August 2023, with commercial production commencement targeted for 27 September 2023.

2023-05-02 09:33:00

BMR: High gold grades validate planned Dittmer re-opening study

BALLYMORE RESOURCES LIMITED 🔗 📄 📈

Bonanza grade intersections over 100g/t gold confirmed from Stage 3 drilling at Dittmer Project, near Proserpine in North Queensland.
All 28 holes encountered gold mineralization, and the high-grade fault-extension of the historic Duffer Lode has positive indications of copper credits over 260m along strike and 200m down-dip.
Concept study underway to potentially reopen mine within the existing lease, with further exploration ahead to determine the extent of the highly mineralized, previously undrilled system.

2023-05-02 09:32:00

LRL: High grade gold results received at Comet Vale Project

LABYRINTH RESOURCES LIMITED 🔗 📄 📈

High-grade assays received from the 1,500m, 18-hole surface exploration drill program at Comet Vale's Sovereign Trend, yielding significant high-grade results such as 5m @ 15g/t Au from 46m in hole CVRC23_008.
Multiple high-grade results found outside of recent JORC 2012 Resource, providing immediate follow-up targets and potential for near-term open pit opportunity.
Follow-up drilling targeting down dip extensions and regional exploration planned to target additional gold, copper/gold trends, and other commodities on the property.

2023-05-02 09:32:00

MPG: Cobalt and Gold Project Acquisitions Expand QLD Holdings

MANY PEAKS GOLD LIMITED 🔗 📄 📈

Many Peaks has acquired the rights to 100% interest in the Yarrol and Mt Steadman projects, expanding its project areas by 133% in central Queensland.
Multiple advanced gold targets with high-grade drill results have been identified within the Yarrol Project, as well as cobalt and manganese oxide mineralization.
Many Peaks is now focusing on aggressive exploration throughout its gold and key critical mineral projects (cobalt, rare earth elements, and lithium).

2023-05-02 09:31:00

IXR: Makuutu Phase 5 Drill Program Approved

IONIC RARE EARTHS LIMITED 🔗 📄 📈

Approval received to commence Phase 5 drill program at Makuutu Rare Earths Project with the aim of increasing Inferred Resources and exploring further targets.
Drill rigs secured, with drilling expected to begin in May, to support Mineral Resource Estimate update and test known REE mineralization areas.
Makuutu project has potential for long-term growth and geopolitical importance in magnet and heavy rare earth supply chains.

2023-05-02 09:29:00

MX1: MX1 - Leadership Transition - Kingsley Hall appointed CEO

MICRO-X LIMITED 🔗 📄 📈

Peter Rowland retires as Managing Director & CEO, with Kingsley Hall appointed as the new Chief Executive Officer at Micro-X Ltd.
Hall has been instrumental in Micro-X's financial strategy and $15M strategic partnership with Varex Imaging in 2022.
Leadership change occurs as the company shifts focus to commercial leadership and prepares to launch its Argus IED X-ray camera for the security market.

2023-05-02 09:28:00

CKA: Development of Infrastructure Supports Ramp-Up of Production

COKAL LIMITED 🔗 📄 📈

Coal production at BBM is continuing to ramp up with ongoing mining activities and transport infrastructure development.
Coal transport is increasing with additional haul trucks in operation, and a coal conveyor system is being developed at Batu Tuhup Jetty.
Production volumes are expected to grow further with the deployment of the fourth fleet of mining equipment by the end of May.

2023-05-02 09:26:00

GCY: Exceptional High-Grade Results from Drilling at Never Never

GASCOYNE RESOURCES LIMITED 🔗 📄 📈

Outstanding initial assay results received from Reverse Circulation (RC) drilling at the Never Never gold deposit, with highlights including 50m @ 6.46g/t gold from 144m.
Visible gold logged in deeper diamond drilling encounters, located directly down-plunge and outside the current Mineral Resource Estimate (MRE) envelope.
Further exploration and drilling work is expected to continue, as results reveal potential for new discoveries well outside the modelled Never Never MRE envelope.

2023-05-02 09:23:00

HYD: Hydrix signs agreement to sell EIQ's EchoSolv platform

HYDRIX LIMITED 🔗 📄 📈

Hydrix Limited entered into a commercial agreement with Echo IQ to sell its EchoSolv™ platform in Australia, New Zealand, and Singapore.
EchoSolv AI technology quickly analyzes echocardiographic measurements, improving detection and diagnosis of patients at high risk of structural heart disease.
Exclusive distribution agreement to market and sell the EchoSolv™ platform has an initial term of three years, annually renewable by mutual agreement.

2023-05-02 09:20:00

QAL: Update to ADIA options term

QUALITAS LIMITED 🔗 📄 📈

Qualitas Limited announces the 6-month extension to the ADIA options term is not capable of being exercised as the allocation of capital under QDCI has exceeded A$560 million.
The Qualitas Diversified Credit Investments mandate has a wide investment scope focusing on the Australian commercial real estate private credit market and senior credit strategies.
FY23 guidance reaffirms an estimated net profit before tax between $30 million and $33 million, with earnings per security expected to be between 7.1 cps and 7.8 cps.

2023-05-02 09:19:00

AM7: Maiden Resource at Madube Pan increase Lithium clay resource

ARCADIA MINERALS LIMITED 🔗 📄 📈

Maiden Mineral Resource estimate at Madube Pan increases overall Lithium Clay Resource to 327,000 LCE tons.
Drilling shows a trend of increasing grade to depth, potentially improving results further with additional exploration.
Future exploration aims to reach an overall Mineral Resource containing 500,000 tons LCE.

2023-05-02 09:17:00

TOU: A$2m Loan Funding Agreement Secured

TLOU ENERGY LIMITED 🔗 📄 📈

Tlou Energy Limited has received a A$2m loan from ILC Investments Pty Ltd.
The loan has an interest rate of 10% per annum, is unsecured, and has a three-year term.
Funds will be used for Tlou's operations in Botswana and working capital requirements.

2023-05-02 09:12:00

ST1: Restructuring and Trading Update

SPIRIT TECHNOLOGY SOLUTIONS LTD 🔗 📄 📈

Significant progress made in Spirit's restructuring program, expected completion in June 2023.
Managed Services customer migration slower than anticipated, but restructuring benefits expected from July.
FY24 target to grow Group Underlying EBITDA2 by more than 120% with new opportunities in Managed Services segment.

2023-05-02 09:10:00

VMS: Venture Appoints Lead Manager to Share Purchase Plan

VENTURE MINERALS LIMITED 🔗 📄 📈

Venture Minerals appoints Canaccord as Lead Manager to their $3.0 million Share Purchase Plan.
Funds will be used for ongoing exploration, metallurgical testwork, and drilling programs at multiple projects.
Eligible shareholders will receive one free attaching listed option for every three new shares subscribed under the SPP.

2023-05-02 09:07:00

HLS: Update on DH sale, debt covenant waiver and consensus

HEALIUS LIMITED 🔗 📄 📈

Healius Limited announces the completion of Montserrat Day Hospitals sale to Nexus Hospitals and receipt of $127 million cash proceeds.
A debt covenant waiver has been secured, increasing the gearing ratio covenant from 3.5 times to 4.0 times for 30 June 2023 and 31 December 2023 testing dates.
The sale allows Healius to focus on growing its core Pathology and Imaging services while continuing to provide pathology services across Nexus Hospitals.

2023-05-02 09:04:00

SLB: NSW Govt Funded Lithium Exploration Research at Trident

STELAR METALS LIMITED 🔗 📄 📈

Stelar Metals and SensOre have agreed to collaborate on testing new lithium exploration techniques at Stelar's Trident Lithium Project in NSW.
NSW Government grant funding has been awarded to SensOre to fund lithium exploration research in NSW.
SensOre's promising research to identify sources of economic lithium in NSW will focus on Stelar's Trident Lithium Project as part of a larger Research Program.

2023-05-02 09:03:00

MXC: Malta Production Facility Receives EU-GMP Approval

MGC PHARMACEUTICALS LTD 🔗 📄 📈

MGC Pharmaceuticals' Malta production facility has been granted EU-GMP certification, ensuring high-quality and standardization of production protocols.
The facility will be able to produce all MGC medicines, including CannEpil® and CimetrA™, and provide third-party production services for other pharmaceutical companies.
With a production capacity of over 20,000 units a day, the facility can support all future needs of CannEpil® and CimetrA™ once marketing authorization is obtained in the USA and Europe.

2023-05-02 09:03:00

VIT: Psychedelic joint venture with PharmAla Biotech

VITURA HEALTH LIMITED 🔗 📄 📈

Vitura Health and PharmAla Biotech have formed a 50:50 joint venture called Cortexa, aiming to become the leading supplier of psychedelics for research and therapeutic use in Australia.
Cortexa will have exclusive rights to purchase GMP MDMA and GMP Psilocybin from PharmAla for distribution in Australia and will generate revenues from the outset.
Cortexa will be the exclusive license holder for PharmAla's owned and licensed manufacturing technology and intellectual property assets related to MDMA and Psilocybin in Australia.

2023-05-02 09:02:00

SCL: Schrole receives purchase orders from Rio Tinto

SCHROLE GROUP LTD 🔗 📄 📈

Schrole Group Ltd receives purchase orders worth AUD655,500 from Rio Tinto for on-the-job training programs in H2 FY23.
The company will deliver 47 training programs at Rio Tinto's facilities in Western Australia.
Schrole has ongoing relationships and provides training programs for other mining companies like BHP Group and Fortescue Metals Group.

2023-05-02 08:59:00

CNI: Market Update

CENTURIA CAPITAL GROUP 🔗 📄 📈

Centuria Capital Group reports a total Group AUM of $21.2bn, with $1.12bn in gross real estate activity.
Operating gearing has been reduced to 14.6%, with $281.2m available cash and undrawn debt for growth initiatives.
Since 2018, Centuria has experienced significant AUM growth, particularly in unlisted and listed real estate, with a focus on alternative asset classes and real estate financing.

2023-05-02 08:56:00

OSL: OncoSil to streamline operating structure

ONCOSIL MEDICAL LTD 🔗 📄 📈

OncoSil Medical Ltd announces a rationalization of its operating structure, reducing annual expenditure by $1.1 million.
The revision includes a reduction in headcount and operational expenditure.
The changes aim to better align expenditures with commercial activities and extend the company's cash runway.

2023-05-02 08:48:00

LRS: Diamond Drilling On Track for June Resource Update - Colina

LATIN RESOURCES LIMITED 🔗 📄 📈

Colina Lithium Deposit diamond drilling on track for updated Mineral Resource Estimate planned for June, with 12 6 holes for 36,130m completed to date.
Full fleet of eight diamond drilling rigs operating onsite, including those capable of drilling large diameter core for the proposed metallurgical test work.
Latest assay results show continuous high-grade pegmatites persist to the southwest, with the Colina pegmatite system open in all directions.

2023-05-02 08:38:00

PMT: Patriot Extends Strike Length of the CV5 Pegmatite to 3.7km

PATRIOT BATTERY METALS INC. 🔗 📄 📈

Patriot Battery Metals extended the CV5 spodumene pegmatite strike length by 550m, resulting in a 3.7km continuous strike length.
Results from 67 drill holes of the 2023 winter drill program are pending, with plans to commence the summer-fall drill program in late May.
A geological model for the CV5 Pegmatite is being refined, leading to an initial mineral resource estimate in the future.

2023-05-02 08:33:00

QAN: Qantas Group Announces CEO Succession

QANTAS AIRWAYS LIMITED 🔗 📄 📈

Vanessa Hudson will become the next CEO and Managing Director of Qantas Group, replacing Alan Joyce in November 2023.
Hudson has held various executive positions in the company for over 28 years, and currently serves as the Chief Financial Officer.
The transition follows a rigorous selection process, and the Qantas Board credits Joyce's leadership for the company's current success.

2023-05-02 08:30:00

IMI: Drilling to commence on Hillside nickel,copper, zinc targets

INFINITY MINING LIMITED 🔗 📄 📈

Infinity Mining will begin a nine-hole reverse circulation drilling program on Hillside Nickel/Copper/Zinc targets.
The company has received Cultural Heritage clearance from the Nyamal Aboriginal Corporation and approval from the Government of Western Australia's DMIRS.
Track access, drilling surface preparation is underway, and drilling is set to commence as soon as practicable.

2023-05-02 08:27:00

MXI: MaxiPARTS acquires 80% of Forch Australia

MAXIPARTS LIMITED 🔗 📄 📈

MaxiPARTS has entered into a Share Purchase Agreement to acquire 80% of Förch Australia for an estimated $9.7m cash, subject to working capital adjustments.
Förch Australia is a distributor of workshop consumables, mainly focused on automotive and commercial vehicle workshops, with an exclusive Australian distribution agreement for FÖRCH products through to April 2030.
The acquisition is aligned with MaxiPARTS' M&A strategy criteria, providing immediate incremental improvements to profit margins and earnings per share metrics, and offering potential for further growth in the coming years.

2023-05-02 08:23:00

EHE: Completion of Mount Clear Acquisition and Trading Update

ESTIA HEALTH LIMITED 🔗 📄 📈

Estia Health completes the acquisition of 120-place Mount Clear home in Ballarat, with continued earnings and cash flow momentum.
COVID-19 impact on operating costs declines, and $13.1 million of grants approved since 1 January 2023, with net debt at $72.2 million as of 30 April 2023.
Estia Health has a limited, non-exclusive engagement with Bain Capital in relation to its proposal to acquire 100% of the company.

2023-05-02 08:22:00

MGA: Commencement of Soil Sampling at Bruce Ree Prospect

METALSGROVE MINING LTD 🔗 📄 📈

Systematic grid spaced soil sampling commenced at the Bruce Prospect in the Northern Territory as part of the Arunta Project.
Initial field mapping and rock chip sampling confirms numerous outcropping pegmatites and carbonatites, with a 1,000m x 600m intrusive system identified as highly prospective for REE mineralization.
A maiden RC drilling program is set to commence this quarter, targeting key aspects of the broad conductor and large intrusive system within the Bruce Prospect.

2023-05-02 08:18:00

C29: Ekosolve Process Delivers 95% Lithium Extraction Efficiency

C29 METALS LIMITED 🔗 📄 📈

Ekosolve™ DLE technology achieves 95.8% lithium extraction efficiency from brines with an average lithium concentration of 95.3 ppm.
Lithium recovered from the brine is 91.3 ppm, and lithium chloride produced is being converted into Lithium Carbonate.
The extraction method efficiently removes cations such as boron, calcium, potassium, and magnesium, while stripping sodium into the brine.

2023-05-02 08:18:00

EIQ: Echo IQ Expands Commercial Footprint

ECHOIQ LIMITED 🔗 📄 📈

Echo IQ partners with MedAxiom, an American College of Cardiology company, to expand commercial footprint in the US.
Hydrix Medical appointed as sales partner for Australia, New Zealand, and Singapore, with additional recruitments to strengthen commercial teams.
EchoSol vTM, Echo IQ's AI decision-support software, is ready to roll out for structural heart disease.

2023-05-02 08:16:00

BC8: High grades up to 197g/t gold in the Paulsens Main Zone

BLACK CAT SYNDICATE LIMITED 🔗 📄 📈

High-grade gold assays obtained in ongoing infill and extensional drilling at the Paulsens Main Zone.
Results indicate strong potential for upgrading and growing the Resource, with a Resource update expected in May 2023.
Black Cat's Managing Director highlights near-term mining potential around the existing Paulsens underground workings.

2023-05-02 08:15:00

8CO: GovERP work now exceeds $6.4mm with Dept of Finance contract

8COMMON LIMITED 🔗 📄 📈

8common signs an additional contract under the Australian Government GovERP deed, bringing the total implementation and development contracts value to over $6.4 million.
The contract will onboard around 1,260 users onto the GovERP template for unified Government Travel and Expense management across an additional agency in the Department of Finance.
8CO expects to onboard more agencies under the GovERP agreement in the remainder of FY23 and into FY24, currently servicing over 23,000 live users across 31 entities in the Commonwealth.

2023-05-02 08:14:00

ADG: Drilling Program Completed at Adelong & Sawpit Update

ADELONG GOLD LIMITED 🔗 📄 📈

Adelong Gold Limited has completed its drilling program at the Adelong gold project, with work completed at the Gibraltar, Caledonian, and Sawpit deposits.
All samples from the drilling have been dispatched to the laboratory for analysis.
The Company provided a clarification on historical drilling information announced on 29 March 2023, specifically regarding the Sawpit Deposit.

2023-05-02 08:14:00

AME: Bonanza gold intercept at Indomitable - 3m @ 62.2 g/t

ALTO METALS LIMITED 🔗 📄 📈

Bonanza gold intercept discovered at Indomitable with 16m @ 13.1 g/t from 19m, including 3m @ 62.2 g/t.
Results highlight the significance of structural controls at Indomitable, which remain untested at depth.
Further assays are pending, and targeted drilling will test the strike and depth potential of high-grade mineralization.

2023-05-02 08:14:00

KCC: Earth AI fieldwork underway at Cundumbul project

KINCORA COPPER LIMITED 🔗 📄 📈

Earth AI commences ground truthing field work at the Cundumbul project to confirm and refine drill hole targeting hypotheses after geological research and AI targeting phase.
Exploration alliance aims to use Earth AI's proprietary artificial intelligence and machine learning capacity to generate, fund, and drill test targets, with up to $4.5m to be spent by Earth AI.
Cundumbul project is located in the world-class Molong belt of the Macquarie Arc, with fertile intrusive porphyry systems identified in both the north and south of the project.

2023-05-02 08:14:00

FYI: FYI Optimises HPA Project Development

FYI RESOURCES LIMITED 🔗 📄 📈

FYI Resources re-engineers development schedule for a small-scale production plant (SSP) to optimize its high purity alumina (HPA) project and accelerate market approach.
The revised plan targets over 1,000 tpa production of HPA while offering key production and efficiency criteria advantages.
SSP will allow FYI to deliver samples to more than 25 potential tier-1 and tier-2 customers, with funding pathways established for the SSP development phase.

2023-05-02 08:14:00

KGD: Historical BHP Diamond Core Reveals Lithium Potential

KULA GOLD LIMITED 🔗 📄 📈

Brunswick Project now has drill ready targets with historical BHP diamond drill core revealing pegmatite and high-grade gold
Kirup Project shows anomalous lithium rock chip results near Greenbushes Lithium Mine
Taliah Prospect at Southern Cross Project advances with new anomalous lithium and tantalum results along a magnetic structure

2023-05-02 08:12:00

CLE: Ionic Soil Program defines drill Target at Macraes South

CYCLONE METALS LIMITED 🔗 📄 📈

Soil geochemical sampling identifies multiple gold anomalies at Macraes South, located 40km north of Dunedin in New Zealand.
The Swampy Hill Prospect has over five potential mineralized lodes for drill testing, with rock chip samples up to 3.47g/t Au.
Results are promising for drill testing later this year and could offer significant upside for Cyclone Metals Limited.

2023-05-02 08:12:00

DYM: Strong Nickel Grades Confirmed at DFW

DYNAMIC METALS LIMITED 🔗 📄 📈

Five RC holes drilled at Dordie Far West confirmed strong nickel grades and identified significant anomalous cobalt associated with nickel.
Updated drill intersections showed increased nickel values (e.g. 16m @ 1.96% Ni from 27m downhole), potentially economic cobalt levels, and consistent thicknesses.
Dynamic Metals Limited is fully funded for exploration and plans to complete two additional RC holes within the current quarter to test for mineralization extension.

2023-05-02 08:12:00

HRZ: Growth Drilling Commences at Penny's Find

HORIZON MINERALS LIMITED 🔗 📄 📈

Extension drilling commences at Penny's Find project to extend the known resource and discover new lode systems.
Results expected in June Quarter 2023, with an updated Mineral Resource Estimate in September Quarter 2023.
Horizon focuses on developing a sequence of underground mines with Penny's Find following the proposed Cannon gold mine development in H2 CY2023.

2023-05-02 08:12:00

TMX: Smokebush IP Survey Expanded & Update

TERRAIN MINERALS LIMITED 🔗 📄 📈

Processing of IP Survey confirms multiple new targets at Smokebush and justifies expanding the survey.
New potential structural corridors emerging, with IP Targets close to existing known gold mineralisation drill intersected.
Drilling to commence by the end of 2nd quarter 2023, and results from related programs (Larin's Lane MMI and Lithium testing) are pending.

2023-05-02 08:12:00

EM2: Thick Mineralised Zones Intercepted at Oracle Copper Mine

EAGLE MOUNTAIN MINING LIMITED 🔗 📄 📈

All six surface holes drilled on the far western extent of Northwest Oracle Ridge have intersected broad mineralized zones with multiple high-grade zones encountered.
These holes are likely to increase the Measured resource category, the overall volume of mineralization in the Mineral Resource, and potentially enhance the optionality for bulk mining and processing scenarios.
CEO, Tim Mason, expressed excitement about the thick mineralized zones and potential for low emission production from the Oracle Ridge Mine.

2023-05-02 08:11:00

CTN: Air core re-splits reveal assays exceeding 1% TREO at Dundas

CATALINA RESOURCES LTD 🔗 📄 📈

Two shallow air core holes at the Dundas Project intersected Total Rare Earth Oxides (TREOs) grades exceeding 1%.
Latest assays confirm a valuable Heavy Rare Earth Elements ratio of 19% HREO/TREO and critical magnet metals NdPr + DyTb ratio of 24% of total REE’s.
Mineralisation is open in all directions, and deeper RC drilling will be planned to explore the area further.

2023-05-02 08:10:00

EVO: Embark market update

EMBARK EDUCATION LIMITED 🔗 📄 📈

Embark Education Group Limited reports strong growth in occupancy, reaching 81.8% in April 2023.
For the first three months of the financial year, Australian revenue is AUD 13.9 million, and Australian Centre based EBITDA is AUD 3.0 million.
The company will change its presentation currency to AUD, following the sale of its New Zealand business in September 2022.

2023-05-02 07:31:00

EVO: Proposed redomiciling and NZX delisting

EMBARK EDUCATION LIMITED 🔗 📄 📈

Embark Education Group Limited announces its intention to re-domicile by listing on the Australian Securities Exchange (ASX) and delisting on the NZX.
The proposed re-domiciling will be achieved through a court-approved scheme of arrangement, with the new parent company being Embark Early Education Limited.
Subject to approvals, Embark expects the scheme to be implemented on or about 28 June 2023, with the new ASX listing in place from 29 June 2023.

2023-05-02 07:31:00

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