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News from 26th May, 2023

*Disclaimer

ASX Briefs · Battery Metals News for May 26, 2023

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SYA: A$200M Placement to Speed Quebec Lithium Production

SAYONA MINING LIMITED 🔗 📄 📈

Sayona Mining Limited secures A$200 million underwritten placement at A$0.18 per share, bolstering expansion strategy.
Funding aims to speed up development of Québec's lithium resources, including Abitibi lithium hub and downstream processing investment.
Drilling underway at Moblan Lithium Project as company advances North America's leading hard rock lithium resource base.

2023-05-26 15:29:00

TVN: TVN Tivan Establishes Technical Advisory Group

TIVAN LIMITED 🔗 📄 📈

Tivan establishes Technical Advisory Group to provide independent technical advice on strategic project matters and enhance technical capabilities.
Initial members appointed are Mr Stéphane Leblanc and Mr Simon Flowers, with a third founding member to be announced in early June.
Group focuses on mining and extraction, engineering and construction, minerals processing, and renewable energy technologies.

2023-05-26 13:15:00

VR8: VR8 completes strategic placement of A$5.91m

VANADIUM RESOURCES LIMITED 🔗 📄 📈

Vanadium Resources Limited (VR8) completes A$5.91 million equity placement to Matrix Resources, a subsidiary of Zhejiang Lygend Investment Co., Ltd.
Matrix receives a 9.99% stake in VR8, with the issued shares representing a ~40% premium to the 30 day VWAP on 3 May 2023.
VR8 aims to finalize a formal offtake agreement with Matrix for their vanadium products and leverage Lygend Group's expertise for the Steelpoortdrift Vanadium Project.

2023-05-26 13:08:00

DEX: Board Changes

DUKE EXPLORATION LIMITED 🔗 📄 📈

Following shareholder approval for the acquisition of True North Copper Pty Ltd, Mr. Toko Kapea has resigned as a Non-Executive Director of Duke Exploration Limited.
True North Copper Managing Director Mr. Martin Costello has been appointed as Managing Director of Duke and will fill the Board vacancy created by Mr. Kapea's resignation.
The remaining condition for the Acquisition's completion is the Company receiving conditional approval from ASX for the re-quotation of its shares.

2023-05-26 12:07:00

MTH: Mithril enters Scheme of Arrangement with TSXV Newrange Gold

MITHRIL RESOURCES LIMITED 🔗 📄 📈

Mithril Resources Limited and Newrange Gold Corp. have executed a binding Scheme Implementation Deed, with Newrange to acquire 100% of Mithril's issued capital, resulting in a Reverse Take Over under TSXV rules.
The Merger focuses on gold projects in Northwestern Ontario, Canada, with a fully diluted equity value for Mithril at approximately A$11.8 million.
Mithril Securityholders' approval for the Schemes is required, with meetings proposed in August 2023.

2023-05-26 11:36:00

POS: Black Swan Restart & Company Update

POSEIDON NICKEL LIMITED 🔗 📄 📈

Black Swan Smelter grade concentrate project on track for Final Investment Decision in late June/early July 2023, with offtake and debt financing shortlist reduced to two parties.
Metallurgical testwork ongoing for Black Swan Expansion Project, focusing on unlocking value from talc carbonate material.
Lake Johnston drill program completed, with assay results expected in late June 2023.

2023-05-26 09:58:00

FAU: Gimlet Gold Project Mining Lease Granted

FIRST AU LIMITED 🔗 📄 📈

First Au Limited has been granted the Gimlet Mining Lease (M26/849) in Western Australia.
The Gimlet Gold Project is situated 15km NW of Kalgoorlie and contains an inferred resource of 120,000 oz's Au at 3.19 g/t Au.
The granted mining lease increases opportunities for potential partnerships, finding buyers, or independent project advancement.

2023-05-26 09:54:00

MDX: Mt Forrest Fe Project Yilgiron advises 2nd Milestone met

MINDAX LIMITED 🔗 📄 📈

Mindax Limited announces that the Second Earning Condition of the Mt Forrest Iron Project joint venture has been satisfied.
Yilgiron Pty Ltd's final report identifies an Indicated Mineral Resource of at least 380 million tonnes of magnetite at 32.6% Fe, with SRK estimating 422 Mt @33.37% and Inferred Mineral Resource of 599 Mt @ 33.59% Fe.
Norton Gold Fields Pty Ltd's shareholding interest in Yilgiron will increase to 35.0% from 19.9% as a result.

2023-05-26 09:54:00

PH2: Update on HFC Truck Tender Wins and Commercial Trials

PURE HYDROGEN CORPORATION LIMITED 🔗 📄 📈

Pure Hydrogen's investee company H2X Global announced an order worth up to 240 million Swedish Krona (~AUD 34 million) under an existing contract with Renova AB for Hydrogen Fuel Cell trucks.
The H2X Warrego H2 pickup and 'Taurus' Hydrogen Fuel Cell Prime Mover were showcased at recent industry events, receiving positive responses.
Strong interest for hydrogen fuel cell vehicles is building, with further trials and orders expected.

2023-05-26 09:39:00

BLZ: Lithium Project Acquisition Electric Avenue, Ontario

BLAZE MINERALS LIMITED 🔗 📄 📈

Blaze Minerals Limited acquires 100% of the North Spirit Lithium Project in Ontario, Canada, by entering a Heads of Agreement with Exiro Minerals Corporation.
The North Spirit Lithium Project is strategically located in Ontario's 'Electric Avenue' and has a favorable access and infrastructure, making it a highly prospective acquisition.
Blaze Minerals and Exiro Minerals will collaborate on the exploration program, and the project aims to target lithium mineralization along with other key elements in the region.

2023-05-26 09:35:00

WKT: Development progress - Lindi Jumbo project

WALKABOUT RESOURCES LTD 🔗 📄 📈

Walkabout Resources Ltd provides an update on Lindi Jumbo graphite mine, with a detailed three-year mine plan completed and a significant reduction in waste rock mining and total tonnes mined.
Critical shipped equipment has arrived in Dar es Salaam, with mechanicals for most previously delivered equipment completed and substantial progress in the development of the Tailings Storage Facility.
Tax, legal, and environmental due diligence for debt funding has been successfully completed.

2023-05-26 09:24:00

CNB: Mount Hope Strengthens 63m @ 1.9% Cu

CARNABY RESOURCES LIMITED 🔗 📄 📈

Exceptional new assay results and pXRF readings announced at the Greater Duchess Copper Gold Project in Mt Isa, Queensland.
Mount Hope strengthens with consistent wide and high-grade copper-gold intersections throughout the deposit over a >200m strike.
Emergence of the Chalcus and Binna Burra Lodes having potential to rapidly escalate the overall size of the Mount Hope discovery.

2023-05-26 09:24:00

SVY: Large Breccia System Discovered at the S41 Prospect

STAVELY MINERALS LIMITED 🔗 📄 📈

New gold-silver mineralization discovered within an extensive breccia system at the S41 prospect in Stavely Copper-Gold Project in western Victoria.
Initial diamond drill-hole completed at S41 intersects low-level gold-silver mineralization in a poly-phase diatreme breccia.
Additional air-core and diamond drilling planned to further map out this significant hydrothermal mineralized system and identify areas with higher gold grades.

2023-05-26 09:21:00

ZMI: ZMI Acquires WA REE Project

ZINC OF IRELAND NL 🔗 📄 📈

ZMI acquires 100% of a large strategic landholding in an emerging Rare Earth Element (REE) province, the Cascade Project.
Two large REE anomalies have been identified and are ready for immediate drill testing in the Cascade Project area.
The acquisition offers a low cost entry with a simple exploration model, presenting a strong foundation for future growth and significant near-term catalysts.

2023-05-26 09:18:00

MSB: MSB Reports Q3 Financial Results and Operational Highlights

MESOBLAST LIMITED 🔗 📄 📈

Mesoblast's remestemcel-L Biologics License Application (BLA) accepted by the FDA with a PDUFA goal date of August 2, 2023.
Successfully completed a global private placement, raising approximately US$40.0 million with cash on hand at the end of the quarter of US$48.8 million.
Royalties from sales of TEMCELL HS Inj. amounted to US$1.8 million for the quarter ended March 31, 2023, with a 4% growth on a constant currency basis.

2023-05-26 08:32:00

FEG: Bonanza Grade Gold in New Quartz Veins

FAR EAST GOLD LTD 🔗 📄 📈

Far East Gold discovered high-grade quartz veins south of the Aloe Eumpeuk prospect, potentially linking with the Aloe Rek prospect area.
Initial sampling of quartz stockwork veins has returned bonanza grade assay results, confirming the structural corridor's continuation between prospect areas.
Company continues to drill test Aloe Eumpeuk and Rek Rinti vein systems while identifying and testing additional drill targets.

2023-05-26 08:30:00

IMM: Publication of Abstracts for ASCO 2023 Annual Meeting

IMMUTEP LIMITED 🔗 📄 📈

Immutep announces publication of new data from TACTI-002 Phase II Trial evaluating eftilagimod alpha plus pembrolizumab for 2nd line metastatic head and neck squamous cell carcinoma, showing deep and durable responses across all PD-L1 subgroups.
The overall patient population achieved a strong response rate of 29.7% and a 12-month overall survival rate of 46.0%, while patients with a PD-L1 Combined Positive Score of ≥20 had a response rate of 60% and a 12-month overall survival rate of 66.7%.
The treatment was safe, well-tolerated, and displayed no new safety signals, with more mature and final data to be presented at the ASCO 2023 Annual Meeting.

2023-05-26 08:24:00

SLZ: Sultan Completes Acquisition of Canadian Lithium Projects

SULTAN RESOURCES LTD 🔗 📄 📈

Sultan Resources acquires 100% interest in Kember and Ruddy Lithium Projects in Ontario, Canada.
Settlement of acquisition transaction with XS Minerals Ltd completed, comprising 39.3 km2 of prospective lithium exploration tenure.
Company plans to finalize exploration strategy and begin on-ground work in emerging lithium exploration region.

2023-05-26 08:23:00

PCL: Completion of PEL 87 3D Seismic Program

PANCONTINENTAL ENERGY NL 🔗 📄 📈

PEL 87 3D seismic survey acquisition completed offshore Namibia, with a final survey of 6,593 km2, exceeding original plans.
High-quality and high-resolution data obtained, providing a strong foundation for the next stage of exploration.
Continued success in Namibian Orange Basin with recent testing and appraisal reports from Shell and TotalEnergies.

2023-05-26 08:21:00

HTM: HTM Completes Successful Ground Geophysical Surveys

HIGH-TECH METALS LTD 🔗 📄 📈

HTM completes successful ground magnetic and electromagnetic surveys at Werner Lake Cobalt Project to identify high priority targets for follow-up drilling.
Results being refined for Phase II exploration, including mapping and sampling over geophysical targets.
Company continues to appraise new project opportunities and conduct assessments on projects fitting their battery metal-focused objective.

2023-05-26 08:21:00

NOX: IONIC Trial Abstract Published at ASCO

NOXOPHARM LIMITED 🔗 📄 📈

Noxopharm Limited announces preliminary data from the IONIC Phase 1 trial of Veyonda® has been published as an abstract at the ASCO annual meeting.
The IONIC trial explores the potential of Veyonda to increase the activity of Bristol Myers Squibb's Opdivo® (nivolumab) immune checkpoint inhibitor in different cancer types.
Principal investigator Professor Paul de Souza leads the trial across six Australian sites with up to 30 patients participating.

2023-05-26 08:20:00

AAJ: Drilling Expands Gold Mineralised Footprint at Salmon Gums

ARUMA RESOURCES LIMITED 🔗 📄 📈

Aruma Resources completed 44 reverse circulation holes and 894 shallow auger drill program at Salmon Gums Gold Project in WA's Eastern Goldfields.
Drilling intersects multiple anomalous gold zones, expanding gold mineralised footprint and potential for new gold prospects.
Next steps include diamond drilling targeting bonanza 5m @ 50.2g/t Au to better define controls and extensions to the high-grade gold zone.

2023-05-26 08:20:00

NNL: First Hole Assays Confirm Extensive Nickel Sulphide System

NORDIC NICKEL LIMITED 🔗 📄 📈

Assays from Nordic's first diamond drillhole HOT001 confirm the discovery of an extensive nickel sulphide system at the Hotinvaara Prospect in Finland.
HOT001 intersected pervasive disseminated nickel sulphide mineralisation to a downhole depth of 624m, indicating significant scale and resource growth potential.
Ongoing drilling continues to target both expansion of the existing Hotinvaara MRE and EM conductors with the potential to host high-grade massive sulphides.

2023-05-26 08:18:00

MI6: Experienced mining executive appointed as CEO

MINERALS 260 LIMITED 🔗 📄 📈

Experienced mining executive Luke McFadyen appointed as CEO of Minerals 260, effective 1 July 2023.
Founding MD David Richards to transition to Executive Director and later to Non-Executive Director.
Luke McFadyen brings over 15 years of experience from top tier and global organizations, with a focus on developing high-value critical and modern mineral assets.

2023-05-26 08:17:00

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