Public Company News

ASX listed Sky and Space Global has successfully completed the assembly of its “3 Diamonds” trial nano-satellites, with the Perth-based company now moving to the final phase of preparations ahead of the launch of its miniature satellite prototypes for its narrow band telco network that will service remote and regional areas and industries such as shipping and aviation. 

Blackham Resources dogged determination to more than double their predicted gold production to 200,000 ounces p/a via a sustained exploration program is attracting the attention of the gold bulls with the company’s stock soaring 75% since the start of 2017. This week Blackham announced another resource upgrade from 6m ounces to 6.4mounces in Wiluna. 

Troy Resources has reported some impressively long mineralised drill intersections from recent, near mine drilling at its Karouni Gold mine in South America . The Perth-based company says it has identified favourable geological domains for gold deposits at its Goldstar, Hicks 4, and Smarts NW prospects with intersections up to 29m long. 

Pilbara Minerals have blazed a trail from exploration to Jorc Resource to feasibility study to the letting of an engineering contract this week in a remarkable text book example of how to make money from mining quickly. This week the company announced they have awarded RCR Tomlinson the $138m contract to build their giant Pilgangoora Lithium mine near Port Hedland. 

Lithium Australia’s share price jumped 28% following the release of test results showing that their unique, low cost Lithium processing technology might actually work. The company was able to produce almost pure battery grade Lithium Carbonate in pilot plant tests in NSW and will now turn its attention to doing the same using ore from Pilbara Minerals' Pilgangoora project. 

The mind bending process of choosing a surfboard to buy for shark conscious surfers is about to get a little easier after iconic surf brand Rusty signed a licensing agreement to include Shark Mitigation System’s proprietary shark deterrent patterns on their Australian and New Zealand surf boards. In a sea of compteing brands Rusty may have gained an edge. 

Lithium Australia announced this week they were adding yet another string to their already diversified bow as the company looks to set up a Lithium recycling business from discarded Lithium-ion batteries. Lithium recycling from batteries is almost non-existent at the moment, presenting a real opportunity for Lithium Australia to carve out a niche. 

Lithium Australia is turning its processing expertise to Lithium clays in Mexico, where it is earning up to 49% of a patch highly prospective ground adjacent to a project that secured a major offtake agreement with Tesla. Metallurgical testing has begun at the company’s Electra project and will run in parallel with a drill program due to get underway next month.

Listed financial technology and ATM machine company Stargroup expects 2017 to be another standout year after amassing a $15m war chest to acquire Indue Ltd’s ATM machine business assets and fund further acquisitions. The company says it is now in a position to explore additional mergers and acquisitions without the need to issue further capital. 

ASX listed medical device company Analytica has released positive findings from new post usage research on the effectiveness of its device for women suffering from urinary incontinence due to pelvic floor muscle disorders.  The research indicates that 70% of sufferers reported an improvement in their condition.

ASX listed Sky and Space Global has added to its existing customer base after entering into a new commercial contract to sell a portion of its nano-satellite bandwidth to African app developer BeepTool. The company says the deal further signals its potential to generate early stage revenue from their first 3 trial nano-satellites, scheduled for launch in 2017.

Northern Minerals have taken another step towards building Australia’s first heavy rare earths mine after they banked another $5.5m in equity funding from China’s Huatai Mining. The latest payment reaffirms the Chinese company’s commitment to Northern Minerals’ proposed Browns Range heavy rare earths pilot plant near Halls Creek in W.A.