Please be aware that the information provided is a summary of select releases made to the ASX, as evaluated and interpreted by ASX Briefs. It is important to thoroughly read the entire original release before forming an opinion, rather than relying solely on the brief overview presented here. ASX Briefs is not associated with the ASX. ASX Briefs is an experimental AI project incorporating chatGPT, and as such, does not guarantee the accuracy of the information provided.
Errawarra Resources reports graphite-rich samples, with 14.4% and 9.2% Total Graphitic Carbon (TGC), at a conductive zone located 2km north of the Graphite Bull deposit in the Errabiddy project.
A strong near-surface conductor has been discovered 2.5km west along the strike from the Graphite Bull deposit. The company plans further surveys to investigate the extent of graphite mineralisation onto the Errawarra tenements.
Upon revisiting the Errabiddy aeromagnetic survey data, Errawarra has also identified potential nickel targets in the area, underscoring the multi-commodity potential of this region, particularly for battery metals like graphite and nickel.
Pacific Nickel Mines Limited's subsidiary, Pacific Nickel Mines Kolosori Limited, has entered into a Project Services Agreement with HBS PNG Pty Ltd, for HBS to handle mining, earthworks, stockpiling and loading of barges for the Kolosori Nickel Project on Isabel Island, Solomon Islands.
The Project Services Agreement commencement is conditional on the Company receiving funds from the second tranche of funding of up to US$19m under a loan agreement with Glencore International AG, following receipt of the first tranche of US$3m.
The first HBS vehicles and equipment are expected on site in late July 2023, with mining expected to commence in October 2023, all in alignment with the Definitive Feasibility Study for the Kolosori Nickel Project.
Greenwing Resources Ltd has announced the commencement of drilling at the San Jorge Lithium Salar in Argentina, beginning with drill hole SJDD 01 of an anticipated 12-15 hole program, marking a significant milestone for the company.
The exploratory drilling program is fully funded, following a A$12m strategic placement from leading NYSE listed electric vehicle manufacturer, NIO Inc. Comprehensive field programs have been completed with promising results, including elevated lithium brine concentrations.
Greenwing has an experienced team in place, led by Murray Brooker, who has over 12 years of experience in the Lithium Triangle, from exploration projects to operating mines. The Chairman, Rick Anthon, also has significant experience in Argentina.
The first hole in JORC Mineral Resource drilling program at Rincon salar at the Salta Lithium Project in Argentina delivered impressive lithium grades of up to 331mg/L and a high average brine density of 1.20kg/L, demonstrating its Mineral Resource potential.
The second hole at Rincon has reached 520m depth, with results expected in July 2023. These results will contribute to a Preliminary Economic Assessment (PEA) currently underway for Rincon.
The drilling results from the first drill hole validate the presence of lithium-bearing brines at the priority Rincon salar, supporting the potential for further resource development at the salta project. A second hole is currently being drilled and further updates are expected once available.
Next Science Limited expects an increase in product sales for 2QFY23, reaching over US$5.6 million, compared to the sales of US$4.4 million in 1QFY23.
The company's sales for 1HFY23 are projected to significantly exceed the sales of 1HFY22 (US$5.2m) and 2HFY22 (US$6.1m), thanks to heightened investment in sales and marketing.
The Wound Care DME business saw a milestone with monthly sales surpassing $1 million in April 2023, evidencing maintained sales momentum in the commercial wound care market throughout the current quarter.
ImpediMed Limited has achieved critical reimbursement coverage of its SOZO Digital Health Platform for lymphedema testing in the state of Michigan, with over 80% of the state's insured population having access. This includes Blue Cross Blue Shield of Michigan supporting testing using SOZO.
With the achievement, there's a large available market in Michigan and existing customers include significant health systems such as Ascension Health, Corewell Health, Trinity Health, and the University of Michigan. Authorization is not required for SOZO measurements which simplifies the reimbursement process.
A significant part of ImpediMed's strategy is gaining broad national coverage through large regional Payors, with BCBS Michigan being a pivotal step. The company projects nearly all Private Payors to publish coverage by the end of the fiscal year 2024.
Rimfire Pacific Mining has reported that diamond drilling at its Bald Hill cobalt sulphide target has discovered a continuous zone of semi & massive sulphides, continuing its drill program catch down dip of historic cobalt drill intercept in BHR1/1A.
The Bald Hill area, one of three prime cobalt targets close to the advanced Broken Hill Cobalt Project, hadn't been drilled in over 40 years, and first assay results from the current drilling are expected in 6 to 8 weeks.
Rimfire’s Managing Director Mr David Hutton comments on being greatly encouraged by the abundance of sulphides seen in the drilling and eagerly awaits assay results to understand the metal's potential better.
Drilling assays at the Royale prospect within Mons Project, WA highlight a strong potential for lithium discovery, with presence of several key lithium indicators like anomalous caesium, tantalum, beryllium, rubidium and tin.
A promising anomaly just 1.3km north-west of the drilling location, within the "Goldilocks Zone", is being sampled in preparation for a follow-up drilling program.
Nimy Resources is moving quickly with soil sampling ahead of more drilling due to the extremely promising combination of lithium assays and the latest geophysical results showing extensive lithium at Royale.
Imugene Limited has been granted a new patent (number 11,684,929) by the United States Patent Office, extending to 11 February 2040, for their immunotherapeutic PD1-Vaxx. This is a first-in-class programmed death-1 (PD1) vaccine currently in clinical development for non-small cell lung cancer (NSCLC).
The patent protects the composition of matter and treatment method in cancer of Imugene's PD1-Vaxx, which generates a therapeutic antibody response against the PD1 checkpoint target.
Imugene's PD1-Vaxx is a B-cell activating immunotherapy designed to treat tumors like lung cancer by interfering with PD-1/PD-L1 binding and interaction, producing an anti-cancer effect similar to Tecentriq, Keytruda, Opdivo, and other immune checkpoint inhibitor monoclonal antibodies.
AdAlta Limited has secured Human Research Ethics Committee (HREC) approval to commence a Phase I extension clinical study of its main product candidate, AD-214, set to start with the first healthy volunteer in August 2023.
The AD-214 Phase I extension study is designed to confirm safety and pharmacokinetic and pharmacodynamic trends of multiple doses of AD -214 using higher doses than in the previous study, contributing significantly to ongoing partnering discussions as well as reducing Phase II study time and cost.
Apart from a healthy volunteer cohort, the HREC approval also includes a patient cohort which could confirm the safety of AD-214 when administered in combination with standard of care, catering to patients suffering from idiopathic pulmonary fibrosis and other fibrotic diseases.
Lithium Energy Limited announces a significant maiden JORC Inferred Mineral Resource Estimate (MRE) of 3.3 Million tonnes of Lithium Carbonate Equivalent (LCE) for the Solaroz Lithium Brine Project in Argentina.
Within the 3.3Mt LCE Resource, there is a high-grade core of 1.34Mt of LCE with an average concentration of 405 mg/l Lithium. Further explorative drillings and technical studies are planned for a more comprehensive assessment.
William Johnson, Executive Chairman of Lithium Energy Limited, suggests that Solaroz has the potential to be a world-class lithium project, given its substantial lithium resources, advantageous location in the 'Lithium Triangle', and positive initial indicators for potential economic future brine extraction.
Panoramic Resources Limited has stopped short-term repairs of a cracked filter pressure head plate at the Savannah Nickel Project. An upgraded filter press head unit is being fabricated and is set to be installed by the first week of July 2023.
As an alternative interim solution, the company successfully used filter bags for concentrate filtration. The processing plant has resumed operation with a blend of fresh and lower grade ore.
All production activities continued, with ore extraction focused on emptying existing stopes for paste fill, setting up for a rapid ramp-up of ore production in mid-July 2023. The underground ore stockpile currently stands at 35,000t, preparing for a positive start in FY24.
