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News from 12th May, 2023

*Disclaimer

ASX Briefs · Battery Metals News for May 12, 2023

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AE1: Aerison Triggers Dispute With Roy Hill

AERISON GROUP LTD 🔗 📄 📈

Aerison has formally notified Roy Hill of a dispute regarding unpaid monies for services and equipment, with submitted claims totaling $47.5 million.
Commercial discussions have not yet led to a resolution, leading Aerison to invoke a formal dispute process.
Aerison is focused on securing a positive future for its business and has engaged restructuring, finance, and legal firms to assist in the process.

2023-05-12 17:10:00

AGG: AngloGold Terms Announcement

ANGLOGOLD ASHANTI LIMITED 🔗 📄 📈

AngloGold Ashanti announces a corporate restructuring, changing its domicile to the UK and primary listing location to the US on the NYSE, with secondary listings on JSE, A2X, and GhSE.
The change aligns with the company's transformed asset base into a diversified global portfolio and is expected to improve share trading liquidity and enhance strategic and financing flexibility.
Inter-conditional steps will be taken to implement the corporate restructuring, minimizing disruption for shareholders and other stakeholders.

2023-05-12 15:17:00

AGG: Market Update Q1 2023

ANGLOGOLD ASHANTI LIMITED 🔗 📄 📈

AngloGold Ashanti reports steady operational performance in Q1 2023, with a record safety performance and guidance for 2023 maintained.
Proposed Iduapriem-Tarkwa joint venture announced to potentially create Africa's largest gold mine, improving production and costs.
Company's Total Recordable Injury Frequency Rate (TRIFR) improved to 0.88 injuries per million hours worked, marking its best performance ever.

2023-05-12 15:13:00

MAU: Programmes ongoing at LJN4 after oversubscribed placement

MAGNETIC RESOURCES NL 🔗 📄 📈

Received placement funds, having over $5.5M in cash reserves and commenced drilling with three drill rigs on-site.
Drilling programs aim to increase and upgrade resources, follow up promising intersections, and identify satellite deposits.
Additional work includes geotechnical diamond drilling, technical studies, feasibility studies, and initial mining preparations.

2023-05-12 15:03:00

TOU: Tlou Announces Entitlement Offer to raise up to A$10.65M

TLOU ENERGY LIMITED 🔗 📄 📈

Tlou Energy Limited launches a partially underwritten non-renounceable entitlement offer to raise approximately A$10.65 million (£5.86 million; BWP 92.6 million).
The Entitlement Offer is partially underwritten for A$5m (£2.75m, BWP43.5m) by ILC Investments Pty Ltd.
Funds raised will be used for the development of Tlou's power projects, including drilling, construction, land purchase, and working capital requirements.

2023-05-12 12:42:00

BM8: Falcon Lake Drilling Commencement Update

BATTERY AGE MINERALS LTD 🔗 📄 📈

Battery Age Minerals Ltd has received a letter from Whitesand First Nation stating they are terminating and reassessing existing agreements with companies operating in their homelands.
The company is working closely with Whitesand representatives to finalize an Early Exploration Agreement for the Falcon Lake project.
Battery Age anticipates the agreement to be completed in the coming weeks and will update the market accordingly.

2023-05-12 12:15:00

BIT: Second Site Approved for Phase 2 Covid-19 Trial

BIOTRON LIMITED 🔗 📄 📈

Biotron Limited has received approval to include a second trial site in Thailand for its Phase 2 COVID-19 trial with lead antiviral drug BIT225.
The trial aims to determine if 7 days of treatment with BIT225 within 3 days of symptom onset reduces blood viral load and improves clinical symptoms in patients with COVID-19.
BIT225 has an established safety profile in human trials and has shown antiviral and immune modulatory activity against SARS-CoV-2 in animal studies.

2023-05-12 10:16:00

EPN: Medicinal Cannabis Permit Renewed

EPSILON HEALTHCARE LIMITED 🔗 📄 📈

Epsilon Healthcare Limited announces the renewal of its Medicinal Cannabis Permit for subsidiary THC Pharma Pty Ltd.
The Office of Drug Control has granted increased manufacturing quantities to meet growing client demand.
EPN remains committed to providing high-quality medicines and exceptional patient care, adapting to the industry's changing needs.

2023-05-12 10:06:00

BCB: Isaac River Update

BOWEN COKING COAL LIMITED 🔗 📄 📈

The Department of Climate Change, Energy, the Environment and Water is proposing to approve the construction and operation of the new Isaac River Coal Mine.
The proposed mine is located in the Bowen Basin in Central Queensland, near two existing mines, BMA’s Daunia and Peabody Energy’s Moorvale South mines.
Bowen Coking Coal aims to achieve an annualized ROM production target of 5 million tonnes by 2024.

2023-05-12 10:04:00

ETM: Dispute Claim Amount, Reported Misinformation

ENERGY TRANSITION MINERALS LTD 🔗 📄 📈

Energy Transition Minerals Ltd (ETM) addresses misinformation regarding the claim amount in its dispute against the governments of Greenland and Denmark.
Contrary to reports, ETM has not filed a claim of DKK 15 billion in the ongoing legal dispute and is currently preparing the Statement of Claim to be submitted by 19 July 2023.
ETM emphasizes that no specific claim amount has been finalized or formally submitted, and any reports suggesting otherwise are erroneous and misleading.

2023-05-12 10:02:00

VSR: Firm Commitments for $7M Placement

VOLTAIC STRATEGIC RESOURCES LTD 🔗 📄 📈

Firm commitments received for a $7.2 million placement to fund exploration of Lithium and Rare Earth Elements projects.
Strong support from institutional and sophisticated investors, resource-focused funds, and the company's key stakeholders.
Funds will be used to accelerate exploration programs in the Ti Tree Lithium and Paddys Well REE projects in Western Australia.

2023-05-12 09:57:00

TSL: Scoping Study - Mannar Heavy Mineral Project

TITANIUM SANDS LIMITED 🔗 📄 📈

Economically robust dredge mining project identified in Mannar Heavy Mineral Project, with a high-grade zone and potential expansion opportunities.
Initial scoping study indicates NPV10% of A$545 million based on a Stage one 4 Mtpa operation scenario, Stage one IRR of 52%, and potential for capital payback within 2 years.
Project expected to provide substantial socio-economic benefits to local communities through progressive rehabilitation and development of plantation agriculture and natural vegetation protection zones.

2023-05-12 09:54:00

CHN: Successful A$70m Private Placement to Major Institutions

CHALICE MINING LIMITED 🔗 📄 📈

Chalice Mining Limited raises A$70 million through a private placement to major institutions and existing shareholders.
A Share Purchase Plan (SPP) is announced for eligible shareholders to raise up to A$10 million at the same offer price as the placement.
Funds will be used for exploration and pre-development activities at Julimar project and other ongoing exploration across the West Yilgarn Province.

2023-05-12 09:45:00

VMS: JV on Golden Grove North with SensOre

VENTURE MINERALS LIMITED 🔗 📄 📈

SensOre to earn up to 70% interest in Golden Grove North Project by spending up to $4.5m, excluding Rare Earths rights.
Venture retains rights to Rare Earths and has a clawback option to regain 10% project interest within the first two years.
SensOre will use AI technology for exploration and will drill the high-grade Vulcan Rare Earth target, which Venture retains rights to.

2023-05-12 09:36:00

S3N: EXAI & Venture Minerals Farmin Agreement Reached

SENSORE LTD. 🔗 📄 📈

SensOre subsidiary EXAI and Venture Minerals have reached a farm-in agreement on the Golden Grove North project, with SensOre's AI technology identifying copper and lithium potential.
EXAI may earn 70% of all mineral rights (excluding rare earths) by expending up to $4.5m in two stages.
Venture Minerals has an option to clawback 10% within the first 2 years on certain conditions.

2023-05-12 09:36:00

GMR: Trenching at Massan Returns 128m @ 3.1 g/t Gold

GOLDEN RIM RESOURCES LTD 🔗 📄 📈

Notable gold intersections encountered in final three trenches at Massan.
Assays pending for the final 14 holes (1,487m) of RC drilling while 3,500m of diamond drilling is also progressing well.
Updated Massan MRE and maiden Bereko MRE expected to be delivered in 2023.

2023-05-12 09:27:00

POD: Share Purchase Plan and Placement Results

PODIUM MINERALS LIMITED 🔗 📄 📈

Podium Minerals Limited raises $2.0 million through Share Purchase Plan and Placement to advance Parks Reef Platinum Group Metals Project.
Funds will be used for geophysical data analysis, advancing geological resource model confidence, and metallurgical process development.
The Parks Reef Project is well-positioned to capitalize on projected market deficits in PGMs and participate in the global energy transformation to Green Hydrogen.

2023-05-12 09:25:00

LEL: Extension of Massive Intersections of Brine at Solaroz

LITHIUM ENERGY LIMITED 🔗 📄 📈

Massive intersections of conductive brines have been extended at Solaroz Holes 4 and 5, with lithium brine concentrations in excess of 480 mg/L.
Holes 4 and 5 are currently at depths of ~787.5 m and ~650m respectively in the Deep Sand Unit, with potential for further extension.
A third drill rig has mobilized to the site, and drilling at Hole 6 is set to commence shortly.

2023-05-12 09:23:00

TNE: Update on incident with Back Office system

TECHNOLOGY ONE LIMITED 🔗 📄 📈

TechnologyOne's customer-facing SaaS platform is unaffected by the unauthorized third-party access to its internal Microsoft 365 back-office system.
The company has restored the isolated back-office system, and cybersecurity experts have confirmed its security.
An ongoing investigation aims to determine what data may have been accessed, and TechnologyOne will engage with impacted individuals as necessary.

2023-05-12 09:13:00

COI: MOU signed with Jemena for Mahalo North pipeline connection

COMET RIDGE LIMITED 🔗 📄 📈

Comet Ridge and Jemena executed an MOU and pre-FEED agreement for a new gas pipeline connection for Mahalo North Project into the domestic gas market.
Jemena will undertake a pre-FEED study for a 73 km pipeline connection from Mahalo North to Jemena's Queensland Gas Pipeline.
The pipeline connection will facilitate gas supply from Comet Ridge's Mahalo North Project (ATP 2048) into the domestic gas market.

2023-05-12 08:57:00

BAT: Share Purchase Plan Underwritten

BATTERY MINERALS LIMITED 🔗 📄 📈

Battery Minerals is proposing to raise approximately $500,000 via a Share Purchase Plan (SPP), which is now underwritten by Morgans Corporate Limited with support from major shareholder Farjoy Pty Ltd.
Recent strong share price performance of Tirupati Graphite increases the value of Battery Minerals' current cash and listed investments to $10m, prior to SPP and Tranche 2 Placement proceeds.
A drill rig is scheduled to commence diamond drilling next week to test high-quality gold targets at Stawell, including Cox’s Find.

2023-05-12 08:45:00

AVH: AVITA Medical Reports Financial Results, Affirms FY Guidance

AVITA MEDICAL INC. 🔗 📄 📈

AVITA Medical reported a 40% increase in commercial revenue, reaching $10.5 million for Q1 2023, compared to $7.4 million in Q1 2022.
The company expanded its field sales organization from 30 to 69, while FDA approvals for soft tissue repair indication and vitiligo indication are expected in June 2023.
Full year 2023 commercial revenue guidance remains unchanged, expected in the range of $49 to $51 million.

2023-05-12 08:33:00

CMO: High Grade Silver with Base Metals Intersected at Minjina

COSMO METALS LIMITED 🔗 📄 📈

Significant VMS-related Cu-Zn-Pb-Ag mineralisation intersected at Minjina, with Ag grades up to 123g/t Ag.
Increasing Cu and Ag mineralisation associated with Zn-Pb supports the interpretation of a stockwork system underlying the high-grade core of a VMS system at Minjina.
MJ1 target identified 150m south of high-grade silver hits in MIRC013, representing a compelling walk-up target for drilling.

2023-05-12 08:32:00

TKM: Agreement with Rio Tinto to explore Trek's Jimblebar Project

TREK METALS LIMITED 🔗 📄 📈

Trek Metals enters into Option Agreement with Rio Tinto Exploration (RTX) to explore the Jimblebar Nickel-Copper Project in Western Australia.
RTX may earn an 80% Joint Venture interest by funding A$5 million in exploration expenditure during the initial option period.
Upon completion of the 80% earn-in, an 80/20 Joint Venture will be established with RTX free-carrying Trek until certain milestones are met.

2023-05-12 08:19:00

ENR: West Arunta gravity survey reveals extraordinary new targets

ENCOUNTER RESOURCES LIMITED 🔗 📄 📈

West Arunta gravity survey identifies major new targets in the Aileron Cu-Au-REE project.
Large-scale density anomalies suggest potential for carbonatite-hosted critical minerals and base metals.
Further interpretation and exploration, including surface geochemistry and drilling, planned in the coming weeks.

2023-05-12 08:18:00

WSR: Mt Finnerty JV Delivers Wide High-Grade Gold Intercepts

WESTAR RESOURCES LIMITED 🔗 📄 📈

Westar Resources Limited announces high-grade gold intercepts from diamond drilling at the Tasman Prospect, including 8.70m at 13.4 g/t Au and 3.0m at 3.64g/t Au.
Structural data review and validation suggest that high-grade mineralization may remain open in multiple directions.
Westar looks forward to the continuation of the Mt Finnerty JV project with Ramelius Resources, including structural review and future drilling.

2023-05-12 08:17:00

AXN: Appointment of Debt Advisor for NiWest Nickel Cobalt Project

ALLIANCE NICKEL LIMITED 🔗 📄 📈

Blackbird Commodity Partners appointed as financial advisor for Alliance Nickel Limited's NiWest Nickel-Cobalt Project.
Appointment follows the binding offtake agreement and equity investment by global automaker Stellantis N.V.
The definitive feasibility study for the project is expected to be released in Q4 2023, targeting completion of project financing in the first half of 2024.

2023-05-12 08:16:00

CRS: EXCELLENT BASE METALS RESULTS EXTEND LADY SAMPSON

CAPRICE RESOURCES LTD 🔗 📄 📈

Phase 2 RC drilling at Lady Sampson returned excellent base metals results, extending the higher-grade zone of mineralization by at least 100m to the south.
Ultrafine soil sampling trial successfully correlated with the underlying mineralization trend and will be used as a key tool for regional exploration and drilling targets.
Next round of mapping and sampling is underway at the Mukinbudin REE project.

2023-05-12 08:16:00

BRX: Native Bee Drilling Results

BELARAROX LIMITED 🔗 📄 📈

Phase 2 drilling results confirm and extend massive sulphide mineralisation at Native Bee, with mineralisation remaining open at depth.
Highlights include significant zinc, copper, lead, silver, and gold percentages in multiple drill hole samples, suggesting increased thickness of the massive sulphide lode.
Future exploration activities include assessing the potential of thicker and higher-grade material at depth and continued targeting and field mapping of prospective host rocks and structural corridors.

2023-05-12 08:13:00

MEZ: Meridian Energy monthly operating report for April 2023

MERIDIAN ENERGY LIMITED 🔗 📄 📈

National hydro storage increased to 121% of historical average by 8 May 2023.
Meridian's April 2023 monthly total inflows were 73% of historical average.
National electricity demand in April 2023 was 0.3% lower than the same month last year.

2023-05-12 07:31:00

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