Public Company News

In the first of Bulls N' Bears’ new guest columnist series, Dollar Bill – sometimes known as Bill McConnell – gets down and dirty with the small cap sector that he says might be about to drag itself off the canvas. Dollar Bill says macro factors such as global GDP, the interest rate cycle and others all suggest an inflection point for ASX juniors.

When all looked lost for a group of parent hopefuls in India, a groundbreaking piece of Australian medical technology developed by Memphasys has turned their dreams of the pitter-patter of tiny feet into reality. Memphasys confirmed today that after its Felix system led to a baby boy being born in India in April, another 10 families have now welcomed little ones into the world.

Reach Resources has identified more than 50 new pegmatites during fieldwork at its Morrissey Hill lithium project in WA’s emerging Gascoyne region, as drilling, rock-chip and soil sampling continues. It says it has mapped individual pegmatites extending up to 2km along strike and up to 30m in width in the sequence that hosts Delta Lithium's neighbouring Malinda deposit, which boasts mineralisation from surface to 350m.

Stream geochemical sampling by Gold Mountain at its Cerro Cora-Porta D’Agua project in Brazil has confirmed that lithium anomalies correlate with niobium-tantalum ratios and may help the company identify lithium-rich pegmatites. Management says it found that a fine sample fraction provided better anomaly definition and it used the method’s results in all subsequent analyses and interpretations.

White Cliff Minerals will intensify its focus on its rare earths and lithium portfolio after selling Abraxis Mining ¬– including three Pilbara lithium tenements – to Gold Geological Consulting for $200,000. The company says the transaction is part of an ongoing portfolio review that is expected to lead to further divestments of non-core projects as it builds on its significant Western Australian rare earths and lithium holdings.

Strickland Metals has kicked off two 3D induced-polarisation surveys at its priority Rabbit Well and Iroquois base metals prospects in Western Australia’s Earaheedy Basin – an emerging metallogenic terrane believed to have tier-one base metal potential. The company says both prospects exhibit coincident geophysical and surface geochemical anomalies and are geologically well-situated for the mineralisation styles it is chasing.

American West Metals looks set to acquire an 80 per cent share of the Storm project in Canada’s Nunavut province from Aston Bay Holdings after completing its exploration spend requirement at the operation. As part of an option agreement in 2021, American West was granted the chance to grab the commanding slice of the project once exploration expenditure of C$10 million (AU$11.475 million) was completed.

Australian med-tech Chimeric Therapeutics has secured the support of a United States cancer centre for a trial of its “natural killer” cell therapy for newly-diagnosed patients with acute myeloid leukemia. The clinical “Advent_AML” study, designed to enrol up to 20 patients at the University of Texas’ MD Anderson Cancer Center, will include a novel first-time combination with standard-of-care therapy.

Novo Resources has officially kicked off a maiden drill campaign at its Nunyerry North project that forms the southern part of its Egina gold camp in Western Australia’s Pilbara region – hot on the heels of its ASX listing on Monday. Management has planned a 2000m reverse-circulation program at the operation where it is targeting structurally-controlled gold targets and extensive gold-in-soil anomalies.

DiscovEx Resources says it is cashed up to bolster exploration activities at its Sylvania and Edjudina projects in Western Australia after banking more than $250,000 from recent tenement and shares sales. The company says a geophysical survey will follow up on previous soil-sampling gold and lead hits at Sylvania in multiple areas of both disseminated and semi-massive sulphides along the Prairie Downs Faults Zone.

ABx Group has installed a pilot-scale bath reactor and an associated support system at its Alcore Technology Centre in NSW to trial the production of hydrogen fluoride from aluminium smelter waste. The chemicals research and manufacturing company has developed a world-first process to produce hydrogen fluoride from a fluoride-rich waste product known as “bath”, which is often produced in excess from aluminium smelting.

Aurum Resources is set to launch a maiden 74-hole air-core drilling campaign at its Ryans Find gold project, north-east of Koolyanobbing, after completing trackwork for the rig and a heritage clearance survey. Some 3500m of drilling will be oriented in multiple transects perpendicular to the prospective greenstone belt to follow-up on gold and base metals anomalies observed in soil sampling.