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News from 11th May, 2023

*Disclaimer

ASX Briefs · Battery Metals News for May 11, 2023

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WLE: Strong demand for WLE SPP and Placement raises over $230m

WAM LEADERS LIMITED 🔗 📄 📈

WAM Leaders Limited raised over $230 million through the Share Purchase Plan (SPP) and Placement, with the SPP raising nearly $100 million.
The company has become the third largest listed investment company in Australia, with nearly $1.9 billion in assets.
Since its inception in 2016, WAM Leaders has delivered strong returns to shareholders and paid $429.4 million in fully franked dividends, including the value of franking credits.

2023-05-11 17:50:00

G6M: Share Purchase Plan- Prospectus

GROUP 6 METALS LIMITED 🔗 📄 📈

Group 6 Metals Limited (G6M) to offer eligible shareholders a Share Purchase Plan (SPP) to raise up to $5.0m, with the same terms as the $27m Placement announced on 8 May 2023.
Eligible shareholders can apply for up to A$50,000 of additional shares at $0.14 per share without incurring brokerage or transaction costs, and will receive 2 free new options for every 3 new shares issued.
SPP offer period is expected to open on Monday, 15 May 2023 and close at 5pm on Thursday, 22 June 2023; full details are available in the Prospectus, which will be dispatched to eligible shareholders on 15 May 2023.

2023-05-11 16:46:00

ARE: Murdie Project - Appeal Allowed, Authorisation Reinstated

ARGONAUT RESOURCES NL 🔗 📄 📈

South Australian Court of Appeal reinstated the Aboriginal Heritage Act authorisation for Argonaut Resources' subsidiary, Kelaray Pty Ltd.
The authorisation allows exploration works at the Murdie project in South Australia, which now holds all necessary permits.
The Court of Appeal overturned the Supreme Court's decision, stating that the authorisation did not impair the practical legal operation of AHA.

2023-05-11 15:46:00

ICG: Exploration and Corporate Update

INCA MINERALS LIMITED 🔗 📄 📈

Inca Minerals announces new funding initiatives and exploration activities for 2023 in Australia.
A Director provides a $500,000 loan facility, and the company lists its Mt Isa facility under a sale and leaseback arrangement.
2023 field season starts with drilling at various prospects and grant applications under the Resourcing the Territory Geophysics and Drilling Collaborations Program.

2023-05-11 15:29:00

BGT: GRDC Confirms Support for Flavocide in Grain Storage

BIO-GENE TECHNOLOGY LTD 🔗 📄 📈

Grains Research & Development Corporation (GRDC) supports the continued development and registration of Flavocide™ for use in grain storage.
The collaborative project between GRDC, Bio-Gene, BASF, and QDAF ended in 2022, confirming Flavocide's efficacy in controlling grain storage pests.
GRDC encourages Bio-Gene to engage with potential partners for the commercialization of Flavocide as a stored grain protectant.

2023-05-11 10:26:00

HMD: Contract signed with private Obstetrics & Gynaecology Group

HERAMED LIMITED 🔗 📄 📈

HeraMED signed a binding three-year agreement with Joondalup Obstetrics and Gynaecology Group (JOGG) to deploy HeraCARE for 120 pregnancies annually.
JOGG will pay a licensing fee of AUD690 per pregnancy, which includes the HeraCARE platform license and HeraBEAT device.
This contract follows a similar agreement with Melbourne Mothers private practice signed in November 2022.

2023-05-11 10:22:00

PYC: Successful Completion of $30m Placement

PYC THERAPEUTICS LIMITED 🔗 📄 📈

PYC has raised $30 million in a placement to sophisticated and institutional investors, extending the Company's cash runway to around $52 million.
The funding enables the Company to progress drug candidates for rare blinding eye diseases and a neurodevelopmental disorder, as well as evaluate business development opportunities.
The Placement was conducted at a price of $0.055 per share and was supported by both existing major shareholders and new institutional investors.

2023-05-11 10:05:00

CXU: Option Over Melrose Project, Dalwallinu WA

CAULDRON ENERGY LIMITED 🔗 📄 📈

Cauldron Energy acquires option over the Melrose Project, covering an area of ~169 km2, in the West Yilgarn Ni-Cu-PGE Province of Western Australia.
High prospectivity for nickel, copper, and platinum group elements (PGEs) due to elevated levels of nickel in the area.
Four high-priority, ready-to-drill nickel targets identified in historical drill data from previous shallow exploration drilling.

2023-05-11 10:01:00

SVG: Capital Raising and Corporate and Operations Update

SAVANNAH GOLDFIELDS LIMITED 🔗 📄 📈

Savannah Goldfields Limited has received firm commitments to raise $2.7 million through a placement and conditional placement to institutional and sophisticated investors.
Gold production is ramping up, with the highest weekly gold doré production since early December 2022, and the Georgetown Processing Plant has begun processing third party ore.
The capital raising consists of 18 million fully paid ordinary shares at an issue price of $0.15 per share, and will be completed in two tranches, with a general meeting to be held in late June 2023 for shareholder approval.

2023-05-11 09:52:00

NTU: Further Assays at Wolverine Deeps

NORTHERN MINERALS LIMITED 🔗 📄 📈

Further assay results extend mineralisation down plunge below the current Mineral Resource wireframe, with mineralisation remaining open with depth.
High grade results returned from BRWD0068, extending high grade mineralisation 80m below and 50m west of the current wireframe.
Northern Minerals remains focused on updating the DFS on the path to production.

2023-05-11 09:49:00

VTX: Hill End Gold Mine Progress

VERTEX MINERALS LIMITED 🔗 📄 📈

Hill End gravity gold processing plant refurbishment nears completion, with permits and stockpiles ready for operations to begin soon.
Key skilled personnel appointed, and various gold production strategies developed, including stockpiles, underground mining, and drilling to increase inventory.
Directors have significant experience in gold mine start-up projects.

2023-05-11 09:49:00

WA1: Institutional Placement

WA1 RESOURCES LTD 🔗 📄 📈

WA1 Resources Ltd receives binding agreement for A$10 million placement at the issue price of A$2.75 per share, sponsored by Regal Funds Management.
Funds raised will be spent on exploration activities and development studies for the West Arunta Project, along with administrative and corporate costs.
Drilling efforts are intended to support a maiden Mineral Resource estimate at Luni carbonatite in the second half of 2023, and further exploration at the P2 carbonatite discovery.

2023-05-11 09:49:00

LIN: High Grade Rare Earths Assays Continue at Kangankunde

LINDIAN RESOURCES LIMITED 🔗 📄 📈

Phase 2 depth-extension drilling at Kangankunde progresses well with long intersections of high-grade rare earths mineralization in the latest 16 RC holes from Phase One Drill Program.
Notable intersections include KGKRC036 with 3.39% TREO average over 100 meters and KGKRC054 with 3.35% TREO average over 81 meters, among others.
Maiden Mineral Resource Estimate remains on track for release by the end of this quarter.

2023-05-11 09:38:00

STN: Saturn Completes Capital Raise

SATURN METALS LIMITED 🔗 📄 📈

Saturn Metals raises $1.5 million through share placement for exploration and development activities.
Funds to support updated Mineral Resource, Preliminary Economic Assessment, Apollo Hill Bulk Sample and Pilot Heap Leach Plant Concept, resource development drilling, and regional exploration.
Company continues with longer lead time pre-feasibility study work including metallurgical optimization, hydrogeology, and environmental surveys.

2023-05-11 09:36:00

GMR: Golden Rim Identifies New Gold Targets at Kada

GOLDEN RIM RESOURCES LTD 🔗 📄 📈

Golden Rim Resources identifies new gold targets at Kada Gold Project in Guinea through air core drilling at Sadan and Massan South prospects.
3,500m diamond drilling program at Bereko and Massan prospects is in progress with 2,060m completed so far.
Updated Massan Mineral Resource Estimate and maiden Bereko Mineral Resource Estimate on track for delivery in 2023.

2023-05-11 09:32:00

MAT: Further Excellent Gold Results at Fortitude North

MATSA RESOURCES LIMITED 🔗 📄 📈

Further assay results from 5 holes in the 20 RC drill hole program indicate strong potential for a substantial gold story at Fortitude North, within Lake Carey.
Received results include 14m @ 3.4g/t Au, 35m @ 3g/t Au, and 21m @ 1.7g/t Au among others, showing a significant build on the size and scale of Fortitude North.
Assays for the remaining 5 holes are expected in the near term, potentially adding further to Matsa's gold resource at Lake Carey.

2023-05-11 09:30:00

KKO: Continued High Gas Desorption Results From Core Well 270-05C

KINETIKO ENERGY LTD 🔗 📄 📈

Core well 270-05C achieves high gas desorption levels and displays strong potential for gas field development.
Results show 134.5m of sandstone pay zones and coal seams of combined 4.19m thickness.
Strong gas desorption results from all three core wells drilled this year provide increased optimism for Kinetiko Energy's future.

2023-05-11 09:25:00

SLS: Commencement of Drilling at Hobbes Gold Project

SOLSTICE MINERALS LIMITED 🔗 📄 📈

Solstice Minerals Limited commences aircore drilling to explore gold targets at the Hobbes Gold Project.
The program aims to test for new gold mineralization and follow up on anomalous end of hole gold findings in historical drilling.
The planned aircore program includes 150 holes and 7,500m of drilling, expected to take up to four weeks to complete.

2023-05-11 09:25:00

C29: Mt Isa Mayfield IP Survey Underway

C29 METALS LIMITED 🔗 📄 📈

Induced Polarisation geophysical survey commences at Mayfield copper-gold exploration project.
Program targets high-ranked gravity and magnetics targets identified in 2022.
Drilling expected in Q3 2023, project located on the Mt Isa inlier in Queensland, Australia.

2023-05-11 09:23:00

SLR: Silver Lake Revises Proposal to Acquire Leonora Assets

SILVER LAKE RESOURCES LIMITED 🔗 📄 📈

Silver Lake Resources submitted a revised proposal to acquire St Barbara's Leonora Assets, with total proposed consideration of A$707 million.
The Revised Silver Lake Proposal addresses concerns about conditionality, timing, and residual St Barbara liquidity brought up by St. Barbara previously.
Silver Lake aims to complete targeted due diligence activities within a two-week period and move to a binding offer.

2023-05-11 09:17:00

PRS: Rare Earth Zones Identified in Historic Korsnas Drill Core

PROSPECH LIMITED. 🔗 📄 📈

Inspection of historic drill core at the Korsnäs Project in Finland has identified potential Rare Earth Element (REE) mineralised carbonatite zones.
Prospech's geologists collected 65 ½-core samples and submitted them for analysis, with plans for further sampling.
The nearby Korsnäs lead mine's tailings storage facility (TSF) is considered a potential target for REE exploration, with an estimated volume of 0.57 million cubic meters.

2023-05-11 09:13:00

FG1: More High-Grade Gold at Trafalgar Prospect, NE Tasmania

FLYNN GOLD LIMITED 🔗 📄 📈

TFDD005B diamond drill hole records high-grade gold interval with 3.5m @ 8.33g/t Au from 379.5m, including 2.0m @ 13.75g/t Au from 380.3m.
Previously announced significant results in hole TFDD005B include 14.7m @ 5.5g/t Au and 6.0g/t Ag from 109.4m, among others.
Phase 2 drilling continues, targeting extensions of high-grade mineralisation with additional laboratory results from Phase 1 and Phase 2 expected.

2023-05-11 09:08:00

EVG: Tests confirm graphite suitable for battery anode material

EVION GROUP NL 🔗 📄 📈

Metallurgical tests confirm Evion's graphite is ideal for making battery anode material (BAM).
Evion plans to build a BAM plant in Europe in collaboration with Urbix Inc, USA.
Tests show cost savings can be achieved using a caustic pressure leach purification process.

2023-05-11 09:07:00

HHR: Hartshead Completes Transformational Farm-Out Agreement

HARTSHEAD RESOURCES NL 🔗 📄 📈

Hartshead completes Farm-Out Agreement with RockRose Energy, divesting 60% equity interest in UK Southern Gas Basin License P2607.
Gross consideration of approximately A$196.3 million for Phase I provided, with over A$35 million cash balance for Hartshead.
Deal de-risks project and provides pathway to full financing and development, with FEED nearing completion and FDP submission planned this quarter.

2023-05-11 09:02:00

SNG: Siren Global Resource Increases to 1.2Moz

SIREN GOLD LIMITED 🔗 📄 📈

Mineral Resource Estimate (MRE) at Siren's Supreme prospect is 103koz at 2.7g/t Au at a 1.5g/t cut-off.
Supreme deposit remains open at depth with significant potential for increased gold resources from additional exploration drilling.
Siren's Global Mineral Resource now stands at 1.2Moz at 3.1g/t Au (100% basis).

2023-05-11 09:01:00

BRK: Wolf Pack Tops Brookside Production Rankings

BROOKSIDE ENERGY LIMITED 🔗 📄 📈

Brookside Energy's Wolf Pack Well recorded the company's highest IP24 rate to date, reaching a peak rate (IP24) of 2,034 BOE per day (88% liquids, 12% gas).
The well maintained its superior performance, generating an IP30 rate of 1,869 BOE per day (88% liquids, 12% gas), marking a record rate for a Brookside operated well.
Since the date of first production, the well has produced over 140,000 BOE, generating in excess of US$7.9 million in revenue.

2023-05-11 08:55:00

RMI: Geophysical Survey Confirms Ni Sulphide Targets at Liparamba

RESOURCE MINING CORPORATION LIMITED 🔗 📄 📈

AMT geophysical survey identifies at least 6 nickel sulphide targets at Liparamba, Tanzania.
Targets are located within a 2km long highly prospective trend, less than 150m from the surface.
Initial RC drilling campaign of 12 holes planned to commence mid-May to test the targets.

2023-05-11 08:50:00

WGR: Extensive 1.6km Long Gold Anomaly Identified

WESTERN GOLD RESOURCES LIMITED. 🔗 📄 📈

Extensive 1.6km gold anomaly identified at Top Knot Shear, associated with the Comedy King Fault and a series of fault slays in WA.
Anomaly is along strike from Great Western Exploration's Firebird Project, suggesting a potential regional mineralized corridor.
Approvals for drill testing of the project are underway, with WGR's exploration approach showing promise for identifying additional mineral resources.

2023-05-11 08:44:00

TSO: Further extensional mineralisation intercepted at Ternera

TESORO GOLD LTD 🔗 📄 📈

Initial assay results from extensional drilling at Ternera confirm a new high-grade extension to mineralization along the Dorado Fault Zone (DFZ).
Results indicate significant high-grade potential for multiple, shallow gold zones to be unlocked with further drilling south of Ternera.
Drilling is now underway at the untested Kitsune target, approximately 2.5km north of Ternera, with continuing field mapping and sampling to define additional targets.

2023-05-11 08:38:00

ADV: Ardiden Initial Drilling Confirms Broad Gold Mineralisation

ARDIDEN LTD 🔗 📄 📈

Initial drilling at the Dorothy prospect confirms broad, low to medium grade mineralization.
Drill program extended from planned 3,250m to 5,000m to provide further insight on strike along the Dorothy Prospect's tertiary structure.
First set of results announced confirms broad gold mineralization and highlights the potential of the Pickle Lake Gold Project.

2023-05-11 08:21:00

EOF: Letter to Shareholders

ECOFIBRE LIMITED 🔗 📄 📈

Ecofibre has received patent grant notifications for two of its five applications filed in October 2022 with the USPTO, related to gynecological disorder treatments.
The granted patents cover treatments for Ovarian Cancer, Endometriosis, Fibroids, and Dysmenorrhea.
Two additional patent applications for Head and Neck Cancer and Endometrial Cancer remain under review, while a third patent for Ecofibre's proprietary System and Method for Producing Hemp Extracts awaits formal grant notification.

2023-05-11 08:20:00

GRE: Yannery Drilling Confirms More High-Grade Copper

GREENTECH METALS LIMITED 🔗 📄 📈

Yannery drilling confirms high-grade copper with a mineralized zone up to 100m wide and plunging for at least 150m.
Significant drill intercepts include results with 21m @ 2.1% Cu and 10m @ 3.22% Cu, among others.
This adds potential for further expansion of the Whundo project's mineral resource, currently at 6.18mt @ 1.12% Cu and 1.04% Zn.

2023-05-11 08:19:00

DKM: Nickel Sulphate Solution Produced from Duketon Concentrate

DUKETON MINING LIMITED 🔗 📄 📈

Pressure oxidation testing on Duketon Nickel Sulphide Project concentrate produced a Nickel, Copper, and Cobalt sulphate solution with high leach extraction rates.
The solution will be used to create a Mixed Hydroxide Precipitate (MHP) and converted into a precursor Cathode Active Material (pCAM) for the EV battery market.
The positive results demonstrate increased value and potential processing options for the Duketon Project.

2023-05-11 08:17:00

HMG: Commencement of Drilling - West Tanami Project

HAMELIN GOLD LIMITED 🔗 📄 📈

RC drilling has commenced at the Sultan gold prospect within the West Tanami project.
Eastern Corridor target at Fremlins to be drilled after the completion of the Sultan program.
Surface geochemical program to begin in May to test new gold targets, with a major aircore program starting in June.

2023-05-11 08:17:00

SFR: SANDFIRE AMENDS AND EXTENDS MATSA DEBT FACILITY

SANDFIRE RESOURCES LIMITED 🔗 📄 📈

Sandfire has amended and extended its US$452M MATSA Syndicated Debt Facility to 31 December 2028, following an updated Ore Reserve estimate for MATSA.
The revised amortisation profile schedules a lower repayment profile until 30 June 2025.
MATSA copper equivalent production for FY2023 is expected to be approximately 98kt, with a C1 unit cost of around US$1.84/lb Cu.

2023-05-11 08:17:00

M24: Extension of Hyden REE Option

MAMBA EXPLORATION LIMITED 🔗 📄 📈

Agreement reached for a 6-month extension of the REE option over the Hyden Project, allowing additional time for further investigation.
Extension of term for the key exploration licence granted for 5 years, through to 30 January 2028.
Assays are expected this month for initial 58 shallow drill holes over the eastern gravity anomaly.

2023-05-11 08:17:00

AZY: Paterson Project and Citadel JV Exploration Results

ANTIPA MINERALS LIMITED 🔗 📄 📈

Final CY2022 exploration results from the Paterson IGO Farm-in Project and Citadel Rio Tinto JV Project reveal a highly prospective 8km long gold and base metal trend north of Minyari with multiple gold-copper targets identified for drilling.
EIS funding grant for A $210,000 received to test two targets situated 15km along strike from Rio Tinto's Winu copper-gold-silver development project, with drilling to commence Q3 CY 2023.
At the Citadel Project, a 2,278-meter reverse circulation drilling during Q4 CY2022 increased the Rimfire North gold-copper mineralization footprint, with 1,000m to 1,400m of RC drilling to commence Q3 CY2023, fully funded by Rio Tinto.

2023-05-11 08:16:00

ESS: Pioneer Dome Lithium Project & Corporate Update

ESSENTIAL METALS LIMITED 🔗 📄 📈

Pioneer Dome Lithium Project feasibility study and exploration activities are ramping up, with metallurgical testwork and drilling programs planned.
Re-engagement with potential off-take and funding partners has commenced, following termination of the Scheme Implementation Agreement with TLEA.
Mineral Resources Limited now holds 19.55% of issued shares in Essential, as the company focuses on lithium opportunities in the Mt Marion region.

2023-05-11 08:15:00

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