Thank you for your interest. As of July 21, 2023, this project will be suspended.

You may wish to subscribe to our FREE weekly newsletter - with highlights from the lithium sector during the week.

If you wish to discuss continuation or a variation of this project, contact me on LinkedIn. Thank you.

Subscribe to our FREE weekly newsletter!

<	December 2023					>
Mon	Tue	Wed	Thu	Fri	Sat	Sun
				1	2	3
4	5	6	7	8	9	10
11	12	13	14	15	16	17
18	19	20	21	22	23	24
25	26	27	28	29	30	31

News from 10th May, 2023

*Disclaimer

ASX Briefs · Battery Metals News for May 10, 2023

If you find this site of use, please make a donation to Sock it to Sarcoma! in support of sarcoma research 😊🙏

AKE: Allkem and Livent to merge

ALLKEM LIMITED 🔗 📄 📈

Allkem and Livent announce an all-stock merger to create a leading global lithium chemicals producer, valued at US$10.6 billion.
The combined company will have greater scale and global capabilities, with a focus on sustainability and responsible growth.
Significant operating synergies and capital savings are expected, with the transaction set to close by the end of 2023.

2023-05-10 19:00:00

WBE: Strategic Options Process Launched and Company Overview

WHITEBARK ENERGY LTD 🔗 📄 📈

Whitebark Energy has initiated a formal review process to evaluate strategic options and maximize shareholder value, including a potential partial or full sale of its Canadian subsidiary Rex Energy.
The company plans to assess new asset-level investments in Canada and other locations.
Despite the review process, Whitebark will continue investing in its assets for optimal resource recovery and value, and consider utilizing mechanisms for tangible shareholder returns.

2023-05-10 15:42:00

MGU: SDM signs landmark agreement with Magnum

MAGNUM MINING AND EXPLORATION LIMITED 🔗 📄 📈

Magnum Mining & Exploration has signed an agreement with Shandong Province Metallurgical Engineering (SDM) for a feasibility study on a HIsmelt Plant at Buena Vista Green Iron Project in Nevada, USA.
The study will cover various aspects of the project, including plant overview, material balance, infrastructure, and financial analysis, and is expected to be completed within three months.
The HIsmelt technology aims to deliver green steel using magnetite resources, making this a significant step towards realizing a green iron operation at Buena Vista.

2023-05-10 12:43:00

PIQ: Sonic Healthcare USA signs licence for PromarkerD in the US

PROTEOMICS INTERNATIONAL LABORATORIES LTD 🔗 📄 📈

Proteomics International has signed an exclusive licence agreement with Sonic Healthcare USA for the commercialization of PromarkerD test for diabetic kidney disease in the United States.
PromarkerD is a blood test that predicts kidney function decline in type 2 diabetes patients, helping to identify their risk of developing diabetic kidney disease.
Sonic Healthcare USA will offer PromarkerD to physicians and healthcare systems across the US, targeting the diabetes patient population, which is estimated at 32 million adults.

2023-05-10 11:41:00

KCN: Chatree Gold Mine Production Update

KINGSGATE CONSOLIDATED LIMITED. 🔗 📄 📈

Plant #2 at Chatree Gold Mine is performing above its nameplate capacity with 370 tonnes throughput per hour.
Currently producing around 500 ounces of gold per week with average feed grade of 0.5 g/t Au and 85% recovery rate.
Work has started on refurbishing Plant #1 and efforts are being made to restart mining operations sooner than anticipated.

2023-05-10 11:07:00

MGU: Mitsubishi enters into an offtake MOU with Magnum

MAGNUM MINING AND EXPLORATION LIMITED 🔗 📄 📈

Mitsubishi Corporation has entered into a Memorandum of Understanding with Magnum for the offtake of all products from the Buena Vista Green Iron Project in Nevada, USA.
The MOU covers various products including Direct Shipping Ore, iron concentrate, HIsmelt-produced pig iron and slag, steel plant wastes, and excess biochar.
This agreement provides a foundation for progressing to a Definitive Agreement and supports the Buena Vista Project's development towards a Feasibility Study.

2023-05-10 10:04:00

QXR: Mining Licence Application for Advanced 'Anthony' Molybdenum

QX RESOURCES LIMITED 🔗 📄 📈

QX Resources is applying for a Mining Lease to advance development at their 'Anthony' Molybdenum project in Central Queensland.
The Anthony Deposit has a JORC-2012 compliant Indicated and Inferred Mineral Resource estimate of 24,700 tonnes of contained molybdenum in various zones from the surface.
Development plans will include appraisal of open pit mining and processing scenarios, with the project benefiting from its location near key infrastructure and strong global molybdenum market conditions.

2023-05-10 09:57:00

ASN: Strategic Expansion of Paradox Lithium Project

ANSON RESOURCES LIMITED 🔗 📄 📈

Anson Resources has expanded its Paradox Lithium Project in Utah by strategically adding 586 claims to the north-western edge of the project area, increasing its size by 28% to 214km2.
The expansion covers contiguous tenure highly prospective for lithium-rich brines, and the new claims are expected to be included in the upcoming Western Strategy Resource drilling program.
The drilling program is anticipated to deliver an increase to the Indicated and Inferred JORC categories of the Mineral Resource, based on the presence of lithium-rich supersaturated brines in the area.

2023-05-10 09:49:00

BLU: Sapphire Pilot Production Testing Update

BLUE ENERGY LIMITED. 🔗 📄 📈

Blue Energy Limited reports gas flow rate increase to 140,000 cubic feet per day in Sapphire Pilot Well production testing project.
Dewatering process continues to be cautiously managed to prevent damage to coals during pressure drawdown phase.
Combined water rate in Sapphire Pilot Wells remains stable at 200-250 barrels per day, suitable for stock and domestic use.

2023-05-10 09:43:00

VTM: Successful $3M Placement to Advance REE Project

VICTORY METALS LIMITED 🔗 📄 📈

Oversubscribed placement raises $3,000,000 to advance North Stanmore Rare Earth Element Project in Cue, Western Australia
Funds will be used for finalizing the maiden JORC Mineral Resources Estimate, exploration activities, metallurgical test work, and general working capital purposes
Canaccord Genuity (Australia) Limited acted as Lead Manager to the Placement, with a 6% fee on all funds raised

2023-05-10 09:42:00

MRD: Coincident High REE & Geophysical Anomalies at Mia Prospect

MOUNT RIDLEY MINES LIMITED 🔗 📄 📈

New Project - high intersection of 36m at 4,398 ppm TREO (0.44% TREO) at Mia Prospect, with previous high intersections reported.
Resource evaluation drilling at Mia reveals highly enriched REE intersections near parallel magnetic ridges over a 16km strike length.
Reverse circulation drilling to test for REE mineralization below clay-zone REE intersections coincident with magnetic ridges.

2023-05-10 09:36:00

APC: Corporate Update

AUSTRALIAN POTASH LIMITED 🔗 📄 📈

The Company is undergoing a strategic review of its Lake Wells Sulphate of Potash Project, with third parties reviewing due diligence materials for potential investment.
AusIndustry R&D incentive claims for 2018/2019 will not be contested by the Company, and it is expected that the ATO will seek to recover the provisioned $1.38m amount.
DCCEEW has deemed the LSOP development a 'Controlled Action' and is assessing potential conditions and actions, with an estimated cost of approximately $34,000 for the assessment.

2023-05-10 09:35:00

BAS: Operations Update - April 2023

BASS OIL LIMITED 🔗 📄 📈

Bass Oil Limited reports a 24% increase in total sales revenue for April, amounting to US$535,623 net (A$810,322).
Average daily oil production in April 2023 was up by 7%, reaching 328 bopd.
Record monthly oil sales and production from the Cooper Basin, with 3,830 barrels produced and 3,234 barrels sold at an average oil price of A$127.02 per barrel.

2023-05-10 09:34:00

BYH: Drilling at Redrum Increases Resource Potential

BRYAH RESOURCES LIMITED 🔗 📄 📈

Drilling at Redrum increases resource potential with significant manganese intersections.
Resource modeling commencing to update the JORC Resource and further drilling planned for multiple prospects.
Bryah Resources Limited and OM (Manganese) Ltd aim to commence manganese production in Brumby Creek area.

2023-05-10 09:34:00

1MC: Drilling underway at Mallina Lithium

MORELLA CORPORATION LIMITED 🔗 📄 📈

Morella Corporation commences a 3,000-metre RC drilling program at the Mallina Project in Western Australia.
The program aims to better understand the extent of known pegmatites and fill information gaps.
Drilling results are expected in the third quarter of 2023.

2023-05-10 09:10:00

CEL: CEL Signs MOU for Renewable Energy to Power Hualilan

CHALLENGER EXPLORATION LIMITED 🔗 📄 📈

CEL signs MOU with YPF Luz for the supply of low-cost renewable energy to power Hualilan Gold Mine.
CEL should execute a power purchase agreement if the price per kWh is under US 7 cents.
YPF Luz is an Argentinian independent power producer with over 3.2 GW of installed capacity, including 468 MW of renewable generation.

2023-05-10 08:59:00

ASR: Asra Expands Portfolio to Kookynie

ASRA MINERALS LIMITED 🔗 📄 📈

Asra acquires key tenements in Kookynie West, expanding its exposure to gold, LCT pegmatites, and rare earth mineralization in the Eastern Goldfields region.
Kookynie West tenure doubles Asra's exploration footprint, covering more than 360km2 within the highly prospective Leonora mineral field.
Initial fieldwork identifies pegmatite subcrop and geological settings conducive to lithium-bearing pegmatites in the under-explored area along the Archean Granite-Greenstone contact.

2023-05-10 08:56:00

LGM: Drilling Assays Confirm New Epithermal Discovery at Bauloora

LEGACY MINERALS HOLDINGS LIMITED 🔗 📄 📈

Assays confirm new epithermal discovery at Bauloora with high-grade mineralisation and potential for a large, low-sulphidation deposit.
High-grade mineralisation likely to extend at depth, with strong support for deeper drilling targeting high-grade gold mineralisation in the interpreted boiling zone.
Legacy Minerals and Newmont Exploration enter a A$15 million farm-in and joint venture agreement to fund further drilling.

2023-05-10 08:49:00

GNX: Genex CEO Succession

GENEX POWER LIMITED 🔗 📄 📈

Genex Power Limited appoints Craig Francis as the new CEO, effective from 1 September 2023, succeeding James Harding.
James Harding will retire from the CEO role on 31 August 2023, but will continue to support Genex as a consultant.
Genex has commenced the search for a replacement CFO, with an announcement expected in the coming months.

2023-05-10 08:48:00

EVR: EVR Continues Consolidation of its Arizona Copper Project

EV RESOURCES LTD 🔗 📄 📈

EVR has pegged 18 new unpatented claims, Golden Eagle Claims, covering 370 acres near the New Pride Project in Cienega District, Arizona.
New claims cover a copper-gold project with numerous outcrops and old workings found on 6km of mineralized structures.
The company now holds 145 unpatented lode mining claims, totaling approximately 2,996 acres, and will henceforth call the project the "la Cienega Project".

2023-05-10 08:47:00

TEM: Progress On Opportunities and Agreement Termination

TEMPEST MINERALS LIMITED 🔗 📄 📈

Tempest Minerals terminates its agreement with Lithium of Nevada (LON) due to delays in progressing the Smiths Creek Nevada lithium project.
Tempest is now exploring various options to unlock the value of its Western Australia lithium projects, including acquiring more prospective lithium projects to complement its existing portfolio.
Tempest maintains its position in the global lithium market through its interests in Australian exploration projects and international commercial interests in various companies' projects.

2023-05-10 08:43:00

MRC: Final high grade drilling results from De Punt

MINERAL COMMODITIES LTD 🔗 📄 📈

Completed 6,018m of air core drilling from 169 holes as part of De Punt exploration program, with 149 holes showing significant intercepts.
Expect Maiden Mineral Resource to be announced in June 2023 after receiving 100% of assay results.
Notable high grade mineralization intersected from resource definition drilling, including DP-L16-1, DP-L20-1, and DP-L23-3.

2023-05-10 08:40:00

REC: Exploration program commences at Express Lithium Project

RECHARGE METALS LIMITED 🔗 📄 📈

Recharge Metals commences generative exploration program at Express Lithium Project in the James Bay Region of Québec, Canada.
Program includes spectral data analysis, geophysical datasets examination, and field assessment to identify potential lithium targets for a maiden field season.
Well-funded company anticipates drilling campaign after field exploration in the Canadian summer.

2023-05-10 08:25:00

EG1: Lithium Pegmatite Targets Identified at Kenny Project

EVERGREEN LITHIUM LIMITED 🔗 📄 📈

Five priority lithium target zones identified at Kenny Project, with Li2O assays showing values up to 250 ppm.
Geochemical anomalies indicate the potential for Lithium Caesium Tantalum (LCT) pegmatites in the area.
Further exploration activities, including a drilling program, are being planned due to promising results.

2023-05-10 08:19:00

PAA: Independent tests show MPL retains long-term shelf-life

PHARMAUST LIMITED 🔗 📄 📈

Independent tests show monepantel tablets have a 12-month shelf-life and product stability within specifications for human clinical trials.
FightMND milestone payment of $118,926.80 is now payable to PharmAust after completion of this 12-month GMP Stability Study.
Dr. Roger Aston expresses delight and highlights the significance of having a robust GMP tablet in reducing costs and risks associated with repeat manufacturing programs.

2023-05-10 08:19:00

MYX: MYX provides investor update & announces on market buyback

MAYNE PHARMA GROUP LIMITED 🔗 📄 📈

Mayne Pharma announces on-market share buyback and provides an investor update after completing the sale of its US retail generics portfolio.
The company refocuses on Women's Healthcare, Dermatology, and International markets, aiming for profitability by the end of FY24.
Strategic objectives include implementing new commercial strategies for NEXTSTELLIS®, capitalizing on women's health franchise, and broadening portfolio with complementary products.

2023-05-10 08:19:00

BC8: Strong Resource Growth at Paulsens Underground

BLACK CAT SYNDICATE LIMITED 🔗 📄 📈

The high-grade Resource at Paulsens Underground increases by a further 25% to 322koz @ 10.1g/t Au, including an increase to 58% Measured & Indicated.
Open pit and Underground Resources at Paulsens have more than doubled to 465koz @ 3.6g/t Au since acquisition in June 2022.
Mine Restart Study is well advanced, and a decision to restart operations is expected in mid-2023.

2023-05-10 08:19:00

INR: Ioneer and Dragonfly Energy Partnership

IONEER LTD 🔗 📄 📈

Ioneer Ltd and Dragonfly Energy announce a commercial offtake agreement partnership to strengthen U.S. battery supply chains and invest in Nevada-sourced lithium production.
The partnership supports Nevada Governor Joe Lombardo's efforts to develop a domestic lithium industry and close the lithium loop in the state.
The agreement highlights the importance of Rhyolite Ridge as a key lithium project for the U.S. and Dragonfly Energy's mission to establish a vertically integrated lithium battery cycle.

2023-05-10 08:18:00

IMI: VTEM Max survey results for precious and base metals

INFINITY MINING LIMITED 🔗 📄 📈

In October 2022, UTS Geophysics completed four VTEM surveys for Infinity Mining Ltd at Panorama, Strelley Gorge, and Hillside Projects, aiming to detect anomalous bedrock conductors related to VHMS and Magmatic Ni-Cu mineralization.
A total of 381 late time anomalies were identified by Newexco Exploration geophysicists, with seven priority anomalous conductors currently under geological investigation.
During the 2023 field season, two new AEM surveys will be incorporated with the 2018 AEM surveys at Hillside as part of Infinity Mining's ongoing geological exploration program.

2023-05-10 08:17:00

MIO: Nickel Prospect Update

MACARTHUR MINERALS LIMITED 🔗 📄 📈

Macarthur Minerals has identified seven nickel prospects at its Lake Giles Project in Western Australia and found significant potential for nickel mineralization.
Historical drilling and trench sampling highlight the potential for economic nickel mineralization at Lake Giles, with seven advanced targets remaining untested.
Macarthur now plans to carry out specific nickel-targeted exploration, seeking potential partners to accelerate a nickel discovery within the Lake Giles Project.

2023-05-10 08:16:00

AKO: Bekisopa DSO Bulk Sample Results

AKORA RESOURCES LIMITED 🔗 📄 📈

Bulk samples from Bekisopa show remarkable iron grades: 67.75% for lump iron ore and 64.65% for fines iron ore.
The high grade lump iron ore could fetch a ~US$42/t premium above current market prices.
These results reinforce AKORA Resources' confidence in the potential of Bekisopa for Direct Shipping Ore (DSO) production.

2023-05-10 08:16:00

KCC: Extensive porphyry complex confirmed at Trundle

KINCORA COPPER LIMITED 🔗 📄 📈

All five diamond holes of the current Trundle project program have confirmed an extensive multiple system gold-copper complex.
Maiden Kincora drilling program has commenced at the Condobolin project while Trundle results are finalized and workshop completed.
Alteration zones and grades encountered in all holes are suggestive of being in a proximal porphyry setting and support Trundle's potential for a series or cluster of porphyry-related ore deposits.

2023-05-10 08:16:00

RDS: Expansion of Attwood Lake Lithium Project, Ontario Canada

REDSTONE RESOURCES LIMITED 🔗 📄 📈

Redstone expands the Attwood Lake Area Lithium Project by 33% to 7,393 hectares; the project is highly prospective for lithium and rare elements pegmatite hosted mineralisation.
Attwood Lake is located in northwestern Ontario and is known for its advanced lithium projects; planning for Phase 1 exploration is underway.
The company has accepted oversubscriptions of $30,000 for a total Capital Raising of $1.28M, and the Board has re-priced the 1:3 free attaching option.

2023-05-10 08:15:00

WR1: New Lithium Bearing Pegmatite Dyke Swarm at Adina

WINSOME RESOURCES LIMITED 🔗 📄 📈

Drilling identified a new lithium-bearing pegmatite dyke swarm at Adina, which is expected to enhance the project's viability.
Strong high-grade lithium intersections continue from the Main Zone of lithium mineralisation at Adina, with promising new results received.
Winsome is on track for a maiden Adina Mineral Resource Estimate later in 2023.

2023-05-10 08:15:00

M3M: Conclusion of drilling at Edjudina gold project

M3 MINING LIMITED 🔗 📄 📈

Drilling program concludes at Edjudina Gold Project, completing 76 holes across three prospects.
Program followed up on mineralisation intercepted in the maiden program, with notable intercepts reported.
Samples sent to assay laboratory in Kalgoorlie for analysis, and updates will be provided to shareholders.

2023-05-10 08:14:00

SHG: Capital Raise & Corporate Mandate

SINGULAR HEALTH GROUP LTD 🔗 📄 📈

Singular Health Group Limited announces an additional investment of AUD$400,000 from Brightstar Corporation Pty Ltd, in a private placement.
The funds will be used to redeem forty of the $10,000 convertible notes issued in August 2022 to minimize dilutionary effects.
Singular Health has signed an advisory mandate with Grange Consulting Group Pty Ltd to provide corporate advisory services and further assistance.

2023-05-10 08:13:00

<	December 2023					>
Mon	Tue	Wed	Thu	Fri	Sat	Sun
				1	2	3
4	5	6	7	8	9	10
11	12	13	14	15	16	17
18	19	20	21	22	23	24
25	26	27	28	29	30	31

<	December 2023					>
Mon	Tue	Wed	Thu	Fri	Sat	Sun
				1	2	3
4	5	6	7	8	9	10
11	12	13	14	15	16	17
18	19	20	21	22	23	24
25	26	27	28	29	30	31

<	December 2023					>
Mon	Tue	Wed	Thu	Fri	Sat	Sun
				1	2	3
4	5	6	7	8	9	10
11	12	13	14	15	16	17
18	19	20	21	22	23	24
25	26	27	28	29	30	31