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News from 30th May, 2023

*Disclaimer

ASX Briefs · Battery Metals News for May 30, 2023

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TRU: TruScreen Preliminary Final Results March 2023

TRUSCREEN GROUP LIMITED 🔗 📄 📈

TruScreen generated product sales of $1.7m for the year ended 31 March 2023, in line with the previous year, despite COVID interruptions in China and Vietnam.
Device sales increased by 88% YOY with 49 units distributed across China, Vietnam, Mexico, and Russia, and device installations increased by 15% YOY to 217.
Major breakthroughs were achieved in China with recommendations in joint peak organisations' Blue Paper and CSCCP Guideline, and outstanding clinical results were reported from the Saudi Arabia clinical trial.

2023-05-30 14:56:00

MZZ: Matador Updates Mineral Resource Estimates for Cape Ray

MATADOR MINING LIMITED 🔗 📄 📈

Matador Mining announces updated JORC Mineral Resource estimate for the Cape Ray Gold Project, including 36,000 meters of diamond drilling since May 2020.
Total Mineral Resource estimate is 9.7 million tonnes of ore grading an average 1.96 g/t for a total of 610,000 ounces of gold, inclusive of Indicated and Inferred Resources.
Decrease in overall resource estimate due to application of constraints demonstrating economic potential per JORC 2012 RPEEE requirements, with Central Zone open pit and underground resource grades increasing.

2023-05-30 14:53:00

IMC: Immuron Initiates Recruitment of Travelan Clinical Study

IMMURON LIMITED 🔗 📄 📈

Immuron receives approval from the U.S. Army Medical Research and Development Command and initiates recruitment for a Travelan® clinical trial.
The trial aims to evaluate the efficacy of Travelan® in preventing infectious diarrhea caused by enterotoxigenic Escherichia coli (ETEC).
Up to 60 healthy participants will be recruited for the Phase 2 clinical trial, which will be conducted by Pharmaron CPC in Baltimore, Maryland.

2023-05-30 14:02:00

ATH: ATH starts 2nd Phase 2 Study in Rare Parkinsonian Disorder

ALTERITY THERAPEUTICS LIMITED 🔗 📄 📈

Alterity Therapeutics has initiated a second Phase 2 clinical trial of ATH434 in patients with Multiple System Atrophy (MSA).
The trial will focus on measuring the efficacy of ATH434 on biomarkers and assessing clinical measures in individuals with more advanced MSA.
Preliminary data from this trial is expected before the results of the ongoing randomized Phase 2 trial are available.

2023-05-30 13:32:00

AHK: Pan Concentrate Samples Return High-Grade Rare Earths

ARK MINES LIMITED 🔗 📄 📈

PAN concentrate sample at Sandy Mitchell returns 29% TREO, validating historical sampling and showing high-grade rare earths and heavy minerals.
NdPr ratio of up to 24% of Total Rare Earth Oxides (TREO) recorded in the sample, along with 11.2% Titanium dioxide (TiO2) and 17% Zirconium dioxide (ZrO2).
Phase 1 drill program at Sandy Mitchell is progressing well, with rare earth elements and heavy minerals visible in all samples from the first 1,000m of drilling.

2023-05-30 11:49:00

ARE: Drilling confirms LCT Pegmatite system at Higginsville

ARGONAUT RESOURCES NL 🔗 📄 📈

Argonaut Resources has completed a 30-hole reverse circulation drilling program targeting LCT pegmatites at the Darson prospect within its 80% held Higginsville project in Western Australia.
Drilling results confirmed the presence of fertile LCT pegmatites capable of hosting higher-grade lithium deposits, with shallow intercepts and ancillary elements like caesium, tantalum, and rubidium.
Some significant lithium, caesium, and tantalum intercepts were reported, with notable findings such as 9m at 0.19% Li2O, 10m at 696ppm Cs2O, and 3m at 937ppm Ta2O5, indicating promising prospects for the project.

2023-05-30 10:50:00

S3N: Airborne Geophysical Survey Completed Targeting LCT

SENSORE LTD. 🔗 📄 📈

2,147 line-km high-resolution, low-level airborne magnetic and radiometric surveying completed at Stelar Metals' Trident Project in Broken Hill, NSW.
Survey aims to develop new techniques for detecting Caesium signatures of potential LCT-bearing pegmatites and expand lithium resources in Australia.
Airborne campaign co-funded under NSW Government's Critical Minerals and High-Tech Metals Activation Grants worth $322,000.

2023-05-30 10:24:00

GL1: Manna Ore Sort Trial Delivers 90% Increase in Lithium Grade

GLOBAL LITHIUM RESOURCES LIMITED 🔗 📄 📈

Manna Lithium Project completes initial ore sorting trials with a 90% increase in lithium head grade.
The test run elevated head grade from 0.88% Li2O to 1.67% Li2O with a 93% reduction in iron content.
Further test work planned to refine and improve the process, aiming for Definitive Feasibility Study completion by December 2023.

2023-05-30 10:02:00

LPM: Wide Pegmatite interval intercepted in first Phase 3 Diamond

LITHIUM PLUS MINERALS LTD. 🔗 📄 📈

Wide pegmatite intersection found in the first Phase 3 diamond drill hole (BYLD011) at Lei, measuring 43.0m from 443.0m to 486.0m, indicating extension of the pegmatite system.
Positive results build upon earlier high-grade intersection in 2022, providing confidence in a significant lithium discovery at the Bynoe Project.
Lithium Plus aims to delineate a maiden lithium resource by Q4 2023, with ongoing drilling and assay analysis underway.

2023-05-30 09:58:00

SHN: High-grade Cu-Au in Liontown Drilling

SUNSHINE GOLD LIMITED 🔗 📄 📈

Assays from hole LTDD22072 show multiple high-grade Cu-Au intersections at the Liontown project in north Queensland.
Results support the likely Cu-Au enrichment of the Liontown footwall lodes.
Results for the remaining 15 holes are expected throughout June and July 2023.

2023-05-30 09:52:00

EVR: IP Survey at Don Enrique Confirms Immediate Drill Targets

EV RESOURCES LTD 🔗 📄 📈

Induced Polarisation and Ground Magnetics Geophysics programmes at Don Enrique Copper Project have identified substantial drilling targets, with initial interpretation suggesting a porphyry copper system.
Drill Permitting is underway with plans for a 2,500m Diamond drill hole programme to commence at the end of the September quarter, following further field work.
The IP survey found a significant volume of rock with chargeability greater than 17 mV/V, indicating the presence of sulphides in altered rock, leading to the identification of two distinct chargeable features in the area.

2023-05-30 09:51:00

HMX: Hammer Secures Funds for Active Mt Isa Copper Exploration

HAMMER METALS LIMITED 🔗 📄 📈

Hammer Metals Ltd secures $3.72 million through a share placement to fund its Mount Isa Copper exploration program.
The placement will ensure a cash balance of $6.3 million to support drilling of key targets, mining studies, and exploration activities.
A new phase of Reverse Circulation drilling has commenced at the 100%-owned South Hope prospect and additional targets in the area.

2023-05-30 09:50:00

MAG: Corvette Drilling and Metallurgy Update

MAGMATIC RESOURCES LIMITED 🔗 📄 📈

Latest drilling at Myall Project completed with 14 holes and 11,092 meters drilled, returning positive results for copper and gold mineralization.
Corvette Prospect remains open in all directions with ongoing exploration to unlock the Myall Project potential.
Metallurgical test work indicates that Corvette's sulphide mineralization can be treated with industry-standard grinding and flotation techniques, and gold/silver upgrades with copper.

2023-05-30 09:50:00

DAL: Dalaroo Successfully Raises $1.1 Million

DALAROO METALS LTD 🔗 📄 📈

Dalaroo Metals Ltd raises $1.1 million through a share placement for ongoing exploration projects in Western Australia.
Firm commitments for the placement received from new and existing sophisticated investors, including board members.
Funds will be used to progress exploration activities at Lyons River gold and REE/lithium projects in the Gascoyne Province and Namban (Ni-Cu-PGE-Au) Project in the West Yilgarn Province.

2023-05-30 09:48:00

GCY: Strong Metallurgical Test Results for Never Never

GASCOYNE RESOURCES LIMITED 🔗 📄 📈

Metallurgical recovery testwork on Never Never Gold Deposit shows average 92% overall recovery in oxide material, with fresh material averaging above 94%.
Gravity recoveries average 20% in oxide material and 34% in fresh material, with leach kinetics showing over 90% gold leaching within 48hrs.
Dalgaranga Processing Plant is well suited to process the Never Never high-grade material in its current configuration, requiring only minor refurbishment prior to start-up.

2023-05-30 09:46:00

RGL: Restructuring of Kurnalpi Tenements

RIVERSGOLD LIMITED 🔗 📄 📈

Riversgold Limited (RGL) has signed a new agreement with Serendipity Pty Ltd, terminating the 2017 RGL/Serendipity Kurnalpi Joint Venture and redistributing ownership of several tenements in the Kurnalpi area.
RGL will now own 100% of the Queen Lapage, Venetian, and Jaws project tenements, while Serendipity takes 100% ownership of the Farr Jones project tenement, receiving $200,000 cash and 5,793,743 RGL shares as part of the deal.
The agreement marks the end of the six-year joint venture and the final termination and settlement between RGL and Serendipity.

2023-05-30 09:39:00

TDO: Otway Basin Exploration Drilling Program Update

3D OIL LIMITED 🔗 📄 📈

Joint Venture plans for an exploration drilling program in the Otway Basin, consisting of seabed surveys and drilling up to six exploration wells.
ConocoPhillips Australia has started the preparation of an Environment Plan (EP) for the project.
Initial seabed survey activity is set to commence no earlier than January 2024, subject to regulatory approval and rig availability.

2023-05-30 09:31:00

SLA: API Does Not Exercise Matching Rights Under Process Deed

SILK LASER AUSTRALIA LIMITED 🔗 📄 📈

API has decided not to exercise its matching rights under the Process Deed with SILK Laser Australia.
SILK Laser received a competing proposal from EC Healthcare which was determined to be a Superior Proposal.
The SILK Board is engaging with EC Healthcare while API's due diligence investigations are ongoing, and SILK shareholders do not need to take action at this time.

2023-05-30 09:28:00

VML: Vital Intersects up to 2.8% TREO in Drilling at Tardiff

VITAL METALS LIMITED 🔗 📄 📈

Vital Metals reports large intersections of total rare earth oxides (TREO) in initial results from its 74-hole resource definition drilling program at Tardiff deposit.
First 17 infill drillholes return 35+ intervals greater than 1% TREO, supporting strong REO mineralization in the area.
Assay results from the remaining 57 holes are expected in the next 3-4 months, as Vital continues to develop the Tardiff deposit, one of the largest single rare earths deposits in the western world.

2023-05-30 09:28:00

TMK: Lucky Fox - 3 Drilling Completed

TMK ENERGY LIMITED 🔗 📄 📈

Pilot Well Drilling program at Gurvantes XXXV Coal Seam Gas Project in Mongolia completed safely, on time, and on budget.
Lucky Fox-3 intersected approximately 68 meters of gassy coal, the thickest intersection of the three pilot production wells.
Installation of pumps and remaining surface facilities to occur in the coming weeks before the commencement of production testing.

2023-05-30 09:27:00

NTI: NTI granted HREC Approval for PANDAS/PANS Trial Extension

NEUROTECH INTERNATIONAL LIMITED 🔗 📄 📈

Neurotech International Limited has received Human Research Ethics Committee approval to extend their Phase I/II clinical trial of NTI164 for PANDAS/PANS patients.
The extension allows children to continue receiving treatment when they turn 18 years of age, up to 20 years of age.
Clinical trial results for the 15 recruited pediatric patients are anticipated in Q3 CY2023.

2023-05-30 09:23:00

MVL: Joint venture agreement with Resolute Mining

MARVEL GOLD LIMITED 🔗 📄 📈

Marvel Gold has entered into a joint venture agreement with Resolute Mining for its Kolondieba Gold Project.
Resolute will make an upfront payment of USD 250,000 to Marvel and can earn a 51% interest by funding USD 750,000 in exploration expenditure in the next 24 months.
Resolute can earn an additional 19% interest by funding USD 4,000,000 in exploration expenditure in the following 36 months after electing to do so.

2023-05-30 09:23:00

SCN: Youanmi Infill Drilling Completed

SCORPION MINERALS LIMITED 🔗 📄 📈

RC infill drilling completed at Youanmi Lithium Project in Western Australia, with pegmatite intersected in all 14 holes.
Results from samples are expected in 4 weeks, with previous drilling confirming stacked mineralised pegmatites.
Additional exploration to include geological mapping, soil geochemistry, diamond drilling and XRD mineral analysis.

2023-05-30 09:17:00

A8G: Acquisition of High-Quality Bauxite Project in Queensland

AUSTRALASIAN METALS LIMITED 🔗 📄 📈

A8G acquires May Queen South Bauxite Project in Queensland, with a JORC Inferred Mineral Resource Estimate of 54.9 Mt bauxite mineral.
Project located within 55km of existing rail infrastructure, providing connection to the Port of Bundaberg.
Preliminary scouting test-work shows potential for beneficiation, providing good to premium quality DSO and fair quality DSO through various processes.

2023-05-30 09:16:00

ALC: Alcidion signs two Silverlink PCS contract renewals

ALCIDION GROUP LIMITED 🔗 📄 📈

Alcidion renews contracts with Royal Wolverhampton NHS Trust and University Hospitals Dorset NHS Foundation Trust for Silverlink PCS solution.
Combined total contract value of $3.3M over the respective renewal periods increases recurring revenue.
Successful renewal triggers second tranche (£1.5M) of the earn-out consideration from Silverlink acquisition in December 2021.

2023-05-30 09:16:00

TOE: Toro Confirms Massive Nickel Sulphide Mineralisation in WA

TORO ENERGY LIMITED 🔗 📄 📈

Geochemical assays confirm massive nickel (Ni) sulphides in Jumping Jack discovery drill holes TED 37 and TED 39.
Jumping Jack is one of four Ni-sulphide discoveries at Toro's 100% owned Dusty Nickel Project in the Yandal Greenstone Belt.
Only 4.5km of the 7.5km long Dusty Komatiite magnetic trend has been tested, with four zones of massive or semi-massive Ni-sulphide discovered so far.

2023-05-30 09:14:00

NYM: Maiden Drilling Intersects Rare Earths at Narryer Project

NARRYER METALS LIMITED 🔗 📄 📈

Widespread Clay hosted and bedrock REE mineralisation identified in maiden drilling program at Mt Nairn, with assays up to 2,789 ppm TREO.
Significant proportion of high value magnetic rare element oxide (MREO) and favorable source for ionic adsorption clay style deposits.
Thick chromium rich ultramafic unit tested, returning encouraging nickel results: 70m @ 0.28% Ni from 35m, including 2m @ 0.51% Ni, 200 ppm Co, 0.9% Cr2O3.

2023-05-30 09:07:00

BYH: Government Collaboration Grant Finalised with Bryah and AVL

BRYAH RESOURCES LIMITED 🔗 📄 📈

Australian Vanadium Limited (AVL) secures a $49 million Australian Government grant for their Australian Vanadium Project, collaborating with Bryah Resources Ltd.
Bryah retains rights for nickel and copper, focusing on recovering these base metals from the non-magnetic tailings fraction at the project.
The feasibility studies for this collaboration will work on recovering nickel, copper, and cobalt from the tails stream.

2023-05-30 09:05:00

SYA: Placement Completion Notice

SAYONA MINING LIMITED 🔗 📄 📈

Bookbuild completed for A$200 million underwritten placement at A$0.18 per SYA share
Funds to advance Sayona's Québec lithium resources and support production ramp-up
New and existing investors show strong confidence in the company's strategy

2023-05-30 09:02:00

AVL: $49 Million Government Grant Agreement Executed

AUSTRALIAN VANADIUM LIMITED 🔗 📄 📈

Australian Vanadium Limited (AVL) and the Commonwealth have executed a $49 million grant agreement under the Modern Manufacturing Initiative – Manufacturing Collaboration Stream.
The Agreement supports the development of the Australian Vanadium Project, which aims to produce 11.2kt per annum of vanadium pentoxide over a 25+ year mine life.
AVL will collaborate with Bryah Resources Limited to explore options to extract cobalt, nickel, copper, and gold economically from the project.

2023-05-30 08:58:00

DTM: Dorchap Lithium Drilling Update

DART MINING NL 🔗 📄 📈

2,220m of the planned 3,000m drill program completed, currently drilling the 10th hole of a planned 13-hole program.
Drilling completed on Eagle, Fergusson's, and Blair's dyke targets, with final target dyke at Rhoda Creek to commence shortly.
Three holes from Eagle and Fergusson dykes sampled and awaiting assays, all targets with previously demonstrated lithium mineralization.

2023-05-30 08:56:00

TIE: Tietto Minerals Appoints Matt Wilcox as MD & CEO

TIETTO MINERALS LIMITED 🔗 📄 📈

Matt Wilcox appointed Managing Director and Chief Executive Officer of Tietto Minerals, succeeding retiring founder Dr Caigen Wang.
Wilcox oversaw the construction and commissioning of the Abujar Gold Mine while serving as Tietto's Executive Director and Chief Operating Officer.
Tietto forecasts gold production of 105,000 to 120,000 ounces at US$875 to US$975 per ounce AISC for 2H CY2023 from the Abujar mine.

2023-05-30 08:55:00

AGC: Bongongalong - An Emerging 5km Gold Silver Base Metal Trend

AUSTRALIAN GOLD AND COPPER LTD 🔗 📄 📈

Bongongalong at Gundagai Project shows a five-kilometer trend of strong base-metal and gold anomalism.
A high-tenor lead-in-soil anomaly spans over 2.1 kilometers in length and 600 meters in width.
Plans for further sampling, geophysics, and potential drill testing due to the extensive strike system.

2023-05-30 08:53:00

SPD: UG2 Mineral Resource increases by 39% to 11.65Moz (4E)

SOUTHERN PALLADIUM LIMITED 🔗 📄 📈

An interim UG2 Mineral Resource update at the Bengwenyama Platinum Group Metals (PGM) Project resulted in a 39% increase in the total UG2 Mineral Resource on a 3PGE+Au basis, increasing from 8.38Moz to 11.65Moz.
2.56Moz of the UG2 Reef has now been converted to an Indicated Mineral Resource at a 3PGE+Au (4E) grade of 7.65 g/t, in line with previous grade expectations, and a 6PGE+Au (7E) grade of 9.24 g/t.
Submission of a Mining Right Application is on track for Q3 CY 2023, five months ahead of the original schedule.

2023-05-30 08:52:00

AUC: Further Shallow Gold Intercepts at the KGP

AUSGOLD LIMITED 🔗 📄 📈

Ausgold completes a 20,000m drilling campaign at the Katanning Gold Project (KGP), delivering further shallow high-grade gold intercepts.
Significant results found in Central Zone (Jackson trend) and Northern Zone (Datatine) with 4m @ 7.81g/t Au from 76m in BSRC1656 (Central Zone) and 4.7m @ 2.21g/t Au from 255.27m in BSRCD1618 (Northern Zone).
7 new high-priority lithium targets have been developed and a sampling program will commence across the 5,500km2 tenements.

2023-05-30 08:47:00

FXG: Drilling Commenced at NW Array

FELIX GOLD LIMITED 🔗 📄 📈

Drilling commenced at the NW Array Southern Zone target within Felix's Treasure Creek Project area in Alaska.
30-40 holes for ~3,500m infill drilling program has started, targeting Maiden Mineral Resource Estimate for Q4 CY2023.
Results show a thick, shallow gold deposit of robust open pit tenor, with mineralization open in multiple directions and at depth.

2023-05-30 08:38:00

GAL: Wide Sulphide Zones Continue North of Callisto

GALILEO MINING LTD 🔗 📄 📈

Latest drill results show disseminated sulphide mineralisation continuing north of the Callisto discovery along the prospective five-kilometre target horizon.
Intersection NRDD423 returned a major intersection, including a high-grade interval of 10 meters @ 1.27 g/t 3E (1.02 g/t Pd, 0.19 g/t Pt, 0.05 g/t Au), 0.19% Cu & 0.25% Ni from 515 m.
Jimberlana and Mission Sill exploration drilling to commence in late June with an initial 4,000-meter program, targeting new discoveries along strike and within the broader Norseman project area.

2023-05-30 08:35:00

AIS: TRITTON OPERATIONS UPDATE

AERIS RESOURCES LIMITED 🔗 📄 📈

Escape ladderway to surface at Avoca Tank completed as planned, and mining of high-grade stopes underway, delivered to the Tritton mill.
Grade control drilling continues to confirm the high-grade tenor of Avoca Tank deposit, with several significant intersections reported.
Raise boring at Budgerygar progressing slower than planned, but not essential to delivering scheduled ore production and Cu metal tonnes from Budgerygar for Q4.

2023-05-30 08:31:00

PAM: Bang I Tum Lithium Prospect, New Zones Discovered

PAN ASIA METALS LIMITED 🔗 📄 📈

First assay results of hole BTDD007 at Bang I Tum Lithium Prospect confirm new pegmatite zones and higher Li2O grades compared to Reung Kiet Mineral Resource Estimate.
Intersections also contain Sn and Ta mineralization, and drilling continues with the aim of reporting a Mineral Resource Estimate for Bang I Tum later in 2023.
Initial assays and visual observations are promising, indicating new extensions to the mineralized zones, with the next batch of assay results due in June.

2023-05-30 08:29:00

PR1: Lithium Exploration Commences at Laforge Project - Quebec

PURE RESOURCES LIMITED 🔗 📄 📈

Pure Resources commences exploration at Laforge Lithium Project in Quebec, aiming to delineate targets for follow-up drill testing.
Company personnel and APEX Geoscience on-site to execute summer field campaign, building on previous work completed in late 2022.
Laforge Lithium Project represents a greenfields opportunity for significant lithium deposit discovery in a Tier-1 jurisdiction.

2023-05-30 08:20:00

AXN: NiWest Nickel-Cobalt Project Update

ALLIANCE NICKEL LIMITED 🔗 📄 📈

NiWest Nickel-Cobalt Project DFS work programs progressing with completion expected in Q4 2023.
Six tonnes of NiWest ore shipped for pilot plant processing, with battery-grade nickel sulfate produced for offtake partners.
Alliance Nickel in discussions with global automakers for product offtake, with announcements anticipated in H2 2023.

2023-05-30 08:19:00

MEU: Aurora Tank Gold - Diamond drilling successfully completed

MARMOTA LIMITED 🔗 📄 📈

Marmota's diamond drilling program at Aurora Tank is successfully completed.
All 10 targeted holes have been drilled with excellent core recoveries and no issues.
Logging of the core is underway before it's sent off for metallurgical testing.

2023-05-30 08:19:00

C29: IP Yields Multiple Compelling Targets at Sampsons Tank

C29 METALS LIMITED 🔗 📄 📈

Induced Polarisation geophysical survey identifies multiple high priority targets at Sampsons Tank copper exploration project.
Anomalies are coincident with or adjacent to 3D inversions of the magnetics, VTEM and geochemical anomalies.
Drilling program to test the best targets to be designed and scheduled.

2023-05-30 08:18:00

LCY: Grade control drilling completed at Mount Celia

LEGACY IRON ORE LIMITED 🔗 📄 📈

Grade control drilling completed at Mount Celia gold project.
Approximately 6,000 metres of reverse circulation drilling targeted Blue Peter and Kangaroo Bore starter pits.
Geochemical analysis results expected in Q3 of 2023.

2023-05-30 08:18:00

AQI: High-grade silver in multiple new zones at Sala

ALICANTO MINERALS LIMITED 🔗 📄 📈

New high-grade silver and zinc zones discovered in step-out drilling, including significant assays from Prince Lode, all outside the 9.7Mt Mineral Resource.
Two new discoveries located near historic Bronäs mine and west of the Prince Lode, with numerous significant results from historical drill core and diamond drill holes intersecting multiple mineralization zones.
Geophysical Down Hole Induced Polarisation survey in progress, targeting mineralized extensions and new zones, with focus shifting to recently acquired Falun Cu-Au-Zn-Ag Project for upcoming programs.

2023-05-30 08:17:00

RVT: Appointment of Managing Director

RICHMOND VANADIUM TECHNOLOGY LIMITED 🔗 📄 📈

Mr. Jon Price is appointed as the new Managing Director of Richmond Vanadium Technology, effective 1 July 2023.
Dr. Shaun Ren will retire as Managing Director and remain on the company's board as a Non-Executive Director.
Price brings over 30 years of experience in precious and critical minerals to the role.

2023-05-30 08:17:00

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