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News from 19th May, 2023

*Disclaimer

ASX Briefs · Battery Metals News for May 19, 2023

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SLR: Improved Proposal to Acquire St Barbara's Leonora Assets

SILVER LAKE RESOURCES LIMITED 🔗 📄 📈

Improved Silver Lake Proposal raises total proposed consideration to A$722 million, comprising 327.1 million shares and A$370 million cash.
The new proposal represents a higher premium than the revised Genesis Transaction for St Barbara's Leonora assets.
St Barbara major shareholder supports Silver Lake's improved proposal, with Silver Lake prepared to complete targeted due diligence in two weeks.

2023-05-19 19:11:00

DTZ: DOTZ ANNOUNCES ACQUISITION OF CARBON CAPTURE TECHNOLOGY

DOTZ NANO LIMITED 🔗 📄 📈

Dotz Nano Limited acquires carbon capture technology from H2 Blue Tech Limited, which uses plastic waste to produce carbon-based solid sorbent for capturing and storing CO2 gases.
The technology was developed at Rice University and characterized by SINTEF, offering benefits such as energy efficiency, low cost of ownership, and longer lifetime compared to existing technologies.
The acquisition aligns with Dotz's growth strategy and positions the company to capitalize on opportunities in the carbon capture and green technology sector.

2023-05-19 16:52:00

GT1: A$20m Investment & Offtake with LG Energy Solution

GREEN TECHNOLOGY METALS LIMITED 🔗 📄 📈

LG Energy Solution (LGES) to invest A$20m in GT1 equity at A$0.92 per share, becoming a substantial shareholder with a 43% premium to GT1’s 30 day VWAP.
Investment validates GT1's Seymour project and strategy to become Ontario's first lithium producer.
Offtake Term Sheet has GT1 selling 25% of Seymour Project offtake to LGES for 5 years, establishing a stable critical mineral supply chain in North America.

2023-05-19 13:55:00

SRZ: Awarded Four Tasmanian Government Exploration Drilling Grant

STELLAR RESOURCES LIMITED 🔗 📄 📈

Stellar Resources Limited has been awarded four exploration drilling co-funding grants totalling $258,500 by the Tasmanian Government under the EDGI program.
The grants will fund drilling projects targeting tin, base metals, and critical minerals at North Scamander, Carbine Hill East, Evenden, and Razorback sites.
Stellar has received four out of a total of twelve EDGI Round 8 grants awarded, showing significant support from the Tasmanian Government for these exploration initiatives.

2023-05-19 12:12:00

CPH: Capital Raising & Debt Repayment

CRESO PHARMA LIMITED 🔗 📄 📈

Creso Pharma secures commitments to raise $2.5 million through the issuance of 204,918,033 new fully paid ordinary shares at $0.0122 per share.
Funds will be used to repay existing debt, progress Phase II clinical trial, and support ongoing regulatory, M&A, and product development initiatives.
Company streamlines balance sheet with debt-to-equity conversions, agreements secured with existing debtors, and repayment of convertible notes to Obsidian Global GP, LLC.

2023-05-19 11:28:00

SKY: $3.5 Million Share Placement

SKY METALS LIMITED 🔗 📄 📈

Sky Metals Ltd (SKY) raises $3.5 million through a share placement to institutional, sophisticated, and professional investors at A$0.045 per share.
Funds will be used for resource infill and expansion drilling, mine scoping studies, metallurgical studies, and additional general working capital.
Placement ideally positions SKY to accelerate the development of the Tallebung Tin Project, ensuring the company's rapid advancement.

2023-05-19 10:21:00

DRX: Permitting pathway advances for Northern Silica Project

DIATREME RESOURCES LIMITED 🔗 📄 📈

Permitting pathway progresses for Diatreme's Northern Silica Project (NSP) in Far North Queensland with the lodgment of an EPBC referral with the federal government.
A decision on "controlled action" designation is expected in late June, prior to the final determination.
Detailed Scoping Study for NSP is set to be released in Q2 2023 amid increasing demand for high-grade silica products in the solar energy sector.

2023-05-19 10:03:00

EPN: Chief Executive Officer Appointment

EPSILON HEALTHCARE LIMITED 🔗 📄 📈

Epsilon Healthcare appoints Peter Giannopoulos as CEO, effective 23 May, 2023.
Giannopoulos brings 25+ years of experience across the Australian healthcare ecosystem.
He has a successful track record in leadership, operations, M&A, and GMP manufacturing.

2023-05-19 09:58:00

ATR: $7 million Placement to a Sophisticated Investor

ASTRON CORPORATION LIMITED 🔗 📄 📈

Astron Corporation Limited receives a $7 million placement commitment from private investor Mr. Tan Ruiqing.
Funds will be used for engineering, design, negotiating offtake agreements, and operational readiness plans, among others.
12,962,963 new CDIs will be issued to raise $7 million before costs, ranking equally with Astron's existing CDIs.

2023-05-19 09:56:00

MXR: Encouraging assay results at Misho Nickel Prospect

MAXIMUS RESOURCES LIMITED 🔗 📄 📈

Assay results from RC drilling confirm a fertile nickel sulphide-bearing komatiite channel at Misho, with high grades up to 1.3% Ni.
Encouraging shallow occurrences of disseminated pyrrhotite and pentlandite sulphide minerals within broader mineralized zones were intersected.
A follow-up RC drilling at Misho is scheduled for late May, targeting a modeled north-plunging komatiite channel, additional nickel targets, and gold targets at Wattle Dam.

2023-05-19 09:54:00

LLO: Lion One Commences Mining on Second Lode System at Tuvatu

LION ONE METALS LIMITED 🔗 📄 📈

Lion One commences mining on URW1 lode at Tuvatu Alkaline Gold Project in Fiji.
Visible gold observed in multiple locations on the face of the lode and within four different fracture orientations.
Initial face sampling highlights include 51.2 g/t Au over 0.56 m, 117.48 g/t Au over 0.19 m, and 37.99 g/t Au over 0.19 m.

2023-05-19 09:50:00

LPM: A $4.5 Million Placement to accelerate expanded exploration

LITHIUM PLUS MINERALS LTD. 🔗 📄 📈

Firm commitments received for A$4.5 million equity Placement at A$0.30 per share
Funds raised will accelerate expanded FY23 field season drilling activities at the Bynoe Lithium Project
Placement strongly supported by existing strategic cornerstone investor Suzhou CATH Energy Technologies, new and existing sophisticated and institutional investors

2023-05-19 09:49:00

NES: Yarri Project Acquisition

NELSON RESOURCES LIMITED. 🔗 📄 📈

The Company has entered an agreement to acquire 6 prospecting licenses and two mining license applications, increasing the size of the Yarri gold project from 0.35 km2 to 8.76 km2.
Significant drill results provide scope for defining a maiden JORC Mineral Resource at Yarri.
Consideration for the acquisition consists of an upfront payment of $35,000 cash, 25 million shares, $75,000 of deferred Nelson shares, and up to $150,000 based on performance milestones.

2023-05-19 09:45:00

BYH: Windalah Copper-Gold Prospect Diamond Drilling Results

BRYAH RESOURCES LIMITED 🔗 📄 📈

Results received for 717m diamond drilling program completed in late 2022 at Windalah Copper-Gold Prospect.
Best results include 2m @ 3.88 g/t Au from 437m and 1m @ 0.35% Cu from 429m in BBRD072.
Downhole electromagnetic surveys to commence in H2 2023 to identify conductors and establish new drill targets.

2023-05-19 09:28:00

ENR: A$10 million Placement to Accelerate West Arunta Exploration

ENCOUNTER RESOURCES LIMITED 🔗 📄 📈

Encounter Resources Limited has received firm commitments to raise A$10 million through a share placement at A$0.25 per share.
The funds will primarily be used for accelerated exploration at the Aileron Project in the West Arunta region, copper and critical mineral exploration in the Northern Territory and Western Australia, and general working capital.
Canaccord Genuity (Australia) Limited and Chieftain Securities (WA) Pty Ltd acted as Joint Lead Managers for the placement and will receive options exercisable at A$0.50 per option on completion.

2023-05-19 09:24:00

TMK: Lucky Fox - 3 Commences Drilling

TMK ENERGY LIMITED 🔗 📄 📈

TMK Energy has commenced drilling the third and final well in their Pilot Well Drilling Program at the Gurvantes XXXV CSG Project in Mongolia.
Completion of drilling activities is expected by the end of the month, with pump installation and production facilities commissioning during June and July.
Talon Energy is primarily funding the Pilot Well Program and is paying the first US$3.15 million towards the budgeted US$3.5 million cost.

2023-05-19 09:23:00

PAM: Non-Binding MOU with VinES for Lithium Conversion Plant

PAN ASIA METALS LIMITED 🔗 📄 📈

Pan Asia Metals (PAM) and VinES Energy Solutions signed a non-binding MOU for a joint feasibility study to establish a Lithium Conversion Facility in Vietnam.
The project aims for an initial annual capacity of 20-25,000tpa of lithium carbonate and/or lithium hydroxide, with PAM seeking additional lithium concessions and concentrate supply.
The cooperation aims to create a joint project team, covering project ownership, feedstock supply, and offtake provisions, further expanding PAM's integrated lithium chemical business.

2023-05-19 09:21:00

IPD: Placement and SPP Notification

IMPEDIMED LIMITED 🔗 📄 📈

ImpediMed announces A$20 million institutional placement to raise funds and accelerate Private Payor opportunity and the rollout of SOZO® systems in the U.S.
Continued focus on expanding private insurance reimbursement coverage of SOZO® testing for breast cancer lymphoedema, with nearly 50% of Private Payors expected to publish policies by the end of 2023.
A non-underwritten share purchase plan will be offered to eligible shareholders in Australia and New Zealand, aiming to raise up to A$5 million.

2023-05-19 09:20:00

IIQ: ISEV Meeting Presentations

INOVIQ LTD 🔗 📄 📈

INOVIQ Limited will present new data on its exosome isolation technology, EXO-NET®, at the International Society for Extracellular Vesicles (ISEV) Annual Meeting from May 18-21, 2023.
Collaborators from the University of Queensland and Johns Hopkins University will deliver one oral presentation and five poster presentations, highlighting the broad utility of EXO-NET® across multiple biofluids.
These advances support the development of INOVIQ's next-generation EXO-Ovarian Cancer Test for early detection and increased chances of curing ovarian cancer.

2023-05-19 09:18:00

ASB: Austal awarded US$3 billion T-AGOS contract for US Navy

AUSTAL LIMITED 🔗 📄 📈

Austal USA has been awarded a US$113,906,029 contract for detail design of the T-AGOS 25 Class for the United States Navy.
The contract includes options for detail design and construction of up to seven T-AGOS 25 class ships, totaling US$3,195,396,097 if exercised.
T-AGOS ships support the anti-submarine warfare mission of the US Navy, providing a platform for passive and active anti-submarine acoustic surveillance.

2023-05-19 09:16:00

CBH: RC Drilling Results from Bradbury Prospect at Nymagee

COOLABAH METALS LIMITED 🔗 📄 📈

Coolabah Metals Limited completed a maiden RC drilling program at Bradbury's Prospect within EL8638, discovering significant amounts of sulphides including pyrrhotite.
The volume of magnetic pyrrhotite intersected was not enough to explain the magnetic anomaly, suggesting that the targeted main body of the anomaly is deeper.
Follow-up geophysical modelling indicates two parallel anomalies that remain untested, potentially requiring further exploration.

2023-05-19 09:06:00

CXO: Approval for BP33 Underground Mine Early Works

CORE LITHIUM LTD 🔗 📄 📈

Early works funding of $45-50M has been approved for BP33 underground mine development and preliminary site establishment.
A Northern Territory-based contractor has been appointed for early works, with the final investment decision expected by Q1 CY24.
Recent increase in Mineral Resources by 131% to 10.1Mt at 1.48% Li2O3 will be used for determining the final project scope and capital cost estimate.

2023-05-19 09:06:00

IMU: FDA clears Imugene IND for onCARlytics first-in-class study

IMUGENE LIMITED 🔗 📄 📈

Imugene Limited received FDA Investigational New Drug clearance to begin a Phase 1 clinical study of onCARlytics, an oncolytic virotherapy candidate.
The clearance allows Imugene to initiate patient recruitment and dosing for the first-in-class study on the onCARlytics platform in patients with solid tumors.
onCARlytics, when combined with blinatumomab, has the potential to target and eradicate solid tumors that are not treatable with blinatumomab therapy alone.

2023-05-19 08:35:00

SNX: SNX - Warrior returns up to 74g/t Au from mine dump sampling

SIERRA NEVADA GOLD INC. 🔗 📄 📈

Recent vein characterisation sampling from historic mine dumps at Warrior gold project in Nevada, USA, returned exceptional results, including 74g/t Au from the Discovery Shaft area.
Four vein styles were selectively sampled, with all recording ore grade intercepts, indicating multiple phases of mineralisation.
RC drilling is expected to recommence at the Warrior Project in July 2023, with the potential for a significant discovery.

2023-05-19 08:26:00

AML: Walford Creek Exploration Strategy

AEON METALS LIMITED. 🔗 📄 📈

Walford Creek Exploration Strategy includes 20,000m drilling program in 2023 focused on infill drilling and regional scout drilling.
Fieldwork has commenced with LAG sampling, onsite portable XRF analysis, and detailed geological mapping.
Drilling contractor retained, and drilling expected to start in June 2023.

2023-05-19 08:25:00

DTM: Gold-Antimony-Arsenic Association identified at Rushworth

DART MINING NL 🔗 📄 📈

Gold mineralisation co-occurs with antimony and arsenic at the Phoenix Hill prospect, similar to nearby Fosterville gold mine.
Peak assay values include 10.6 g/t Au, 0.26% Sb, & 370 ppm As.
The elemental pathfinder relationships are critical for future exploration activities in the Rushworth Goldfield.

2023-05-19 08:20:00

LEL: Hole 6 Commences at Solaroz with Third Drilling Rig

LITHIUM ENERGY LIMITED 🔗 📄 📈

Hole 6 drilling has commenced at the Solaroz Lithium Brine Project as part of a 10-hole, 5,000-meter drilling program.
Previous drill holes have encountered massive intersections of lithium-rich brines with concentrations of up to 555 mg/l.
Three drill rigs are now operating at Solaroz, advancing towards defining a maiden JORC Mineral Resource of lithium.

2023-05-19 08:19:00

NOX: Study results show new Sofra drug reduces inflammation

NOXOPHARM LIMITED 🔗 📄 📈

New Sofra™ drug from Noxopharm Limited shows promising results in reducing inflammation in preclinical studies for autoimmune diseases such as psoriasis and lupus.
The drug, SOF-XX, blocks Toll-like receptor 7 (TLR7) activity and is part of the same underlying Sofra™ technology as the SOF-VAC™ mRNA vaccine enhancer.
Research on this novel drug was presented at the 15th International Congress on Systemic Lupus Erythematosus (LUPUS 2023) and could address unmet needs in autoimmune disease treatment.

2023-05-19 08:19:00

SBR: Drilling Testing New High-Grade Nickel Targets at Sherlock

SABRE RESOURCES LIMITED 🔗 📄 📈

A new 2,000m diamond drilling program has begun to test major electromagnetic conductor and massive sulphide targets at Sherlock Bay.
The new EM anomaly is the strongest detected to date, representing a multi-million tonne target for high-grade nickel sulphide mineralisation.
Drilling aims to define additional high-grade nickel sulphide zones to upgrade the existing Mineral Resource and to produce high-grade concentrate for Class-1 nickel producers.

2023-05-19 08:18:00

MTM: Nickel Discovery at East Laverton

MT MONGER RESOURCES LIMITED 🔗 📄 📈

New laterite nickel mineralization discovery at Seahorse prospect in East Laverton, Australia.
Aircore drilling confirms nickel-cobalt-chromite mineralization over 1km strike length with high-grade drilling intersections.
Located approximately 100km from Glencore's Murrin Murrin nickel mine and additional priority target areas yet to be drilled.

2023-05-19 08:18:00

ALY: Lepidolite and Spodumene Discovered on New Target Areas

ALCHEMY RESOURCES LIMITED 🔗 📄 📈

Ground truthing of new gravity targets discovers new pegmatite bodies with lepidolite and spodumene outcropping at surface at Karonie Project in WA.
Assay results confirm presence of surface lithium mineralization with peak values of 2,723 ppm Li20, 167ppm Cs, 62.8 ppm Ta 205, and 2,390ppm Rb.
Regional lithium-focused soil sampling completed at Roe Hills and Taupo outlining multiple district-scale lithium and pathfinder anomalies.

2023-05-19 08:17:00

GTE: Phase 1 Drilling Completed at the Firebird Gold Project

GREAT WESTERN EXPLORATION LIMITED. 🔗 📄 📈

Phase 1 drilling completed at Firebird Gold Project, testing the large Ultrafine+ soil anomaly (3.7km x 450m).
The drilling intersected highly weathered Archean Greenstone volcanic sediments and mafic units.
Assays from the drilling program anticipated in four to eight weeks.

2023-05-19 08:15:00

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