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Showing posts from September, 2022

Lindsay Dudfield, Executive Director and CEO of Jindalee Resources Limited, Executed MOU with POSCO Holdings For Joint Research At McDermitt Lithium Project

JINDALEE RESOURCES LIMITED  (ASX: JRL) (Jindalee, the Company) is an Australian exploration company with Tier 1 lithium deposits in its portfolio in the United States. The Company’s core goals are to discover world-class mineral deposits and generate shareholder wealth. The United States is one of the largest marketplaces for lithium demand, and Jindalee is a leading company committed to help meet future demand. The Company is focussing efforts into developing its McDermitt lithium deposit. Jindalee Resources was listed on the Australian Securities Exchange (ASX) on 11th July 2002 and raised AUD 2.70 million. Now, it is a pure-play United States lithium company. Jindalee’s Projects: In June 2018, the Company acquired McDermitt and Clayton North, two lithium sediment projects in the United States. Both projects are 100% owned by HiTech Minerals Inc., a wholly owned, US-based subsidiary of Jindalee. Several factors attracted the Company’s interest in these projects including: Potentially
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Going for Gold: Platina Resources Shares a New Investor Presentation

  PLATINA RESOURCES LTD (ASX: PGM)  (Platina or “Company”) is a Western Australia-based company focused on advancing metal projects through exploration. Platina’s gold-focused portfolio includes five projects in Australia and shares investments in four listed companies. Platina has recently shared a  NEW INVESTOR PRESENTATION  which highlights the Company’s development across various projects and assets. This article highlights everything you need to know about Platina Resources’ latest investor presentation. Platina Resources Financial Standing As of August 15, 2022, the Platina share price showed a 52-week high of  AUD 0.08 AND A LOW OF AUD 0.025 . Since its listing in May 2006, Platina has issued  523 MILLION SHARES . Platina has a market capitalisation of  AUD 16.7 MILLION  and currently ranks  576TH OUT OF 912  companies in the Basic Materials sector. As of August 12, 2022, Platina had  AUD 4.7 MILLION  in investments and  AUD 2.9 MILLION  in cash. Expanding footprints in Western
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Altech Chemicals Expands Research Laboratory for Pouch Cell Batteries

ALTECH CHEMICALS LIMITED (ASX: ATC)  (Altech or “Company”) has announced that it will be expanding its research and development (R&D) laboratory in Perth, Western Australia. The expansion of the R&D laboratories will enable the production of pouch cell-sized batteries, being the next stage of R&D on the  Silumina Anodes™  product. Importance of Pouch Cell in Silumina Anodes™ Project — Altech Chemicals ALTECH ’s Silumina Anodes™ product involves the coating of silicon and graphite material with a nanometre layer of high-purity alumina for inclusion in the anode of lithium-ion batteries. As a result, the lithium-ion battery has a 30% higher energy capacity, as well as increased cyclability, compared to conventional graphite-only anodes. Performance testing of the battery has been conducted using an industry-standard coin cell rechargeable lithium-ion battery. While coin cell batteries are useful for comparison at the early stages of development, they have limitations. As a re
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Platina Resources Starts Drilling Program at the Xanadu Gold Project

  PLATINA RESOURCES LIMITED (ASX: PGM)  (Platina Resources or “Company”) has commenced the reverse circulation (RC) drilling program at the Xanadu Gold Project in Western Australia. The Xanadu Gold Project is located in the Ashburton Basin, close to the Mt Olympus Gold Project, which is a multi-million-ounce gold endowment. RC Drilling Program Details PLATINA RESOURCES  has planned 11 holes for the Project. The first phase targets the core 4 km of the trend which is distinguished by historic gold occurrences. Platina Resources controls 562 km2 of the area with a strike length of 60 km along the Nanjigardy fault and Duck Creek Dolomite. The Duck Creek Dolomite stratigraphy is known to host gold mineralization in the project area. Here, Platina Resources will test the induced polarisation anomalies. The polarization anomalies may represent shallow oxide mineralization zones or zones which potentially represent sulfides, usually associated with gold mineralization. Commenting on the RC dr
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Carbonxt Group Limited Announced FY22 Results

CARBONXT GROUP LIMITED   (ASX: CG1) (Carbonxt or “Company”) is a clean-tech company specializing in activated carbon products and pellets for industrial air purification, wastewater treatment, and other liquid and gas-phase markets. Carbonxt has   ANNOUNCED   the results of FY22. The highlights of Carbonxt’s announcement are discussed below: Revenue, Margins, and Operation Costs Carbonxt has recorded annual revenues of  AUD 18.4M  (49% higher than FY21). Carbonxt’s total revenue was up by 49%, from AUD 12.3M in FY21 to AUD 18.4M in FY22. CARBONXT  had an annual gross margin of 34% (an increase of 28% from the FY21 annual gross margin). The increase was due to operational improvements and better sales due to higher customer demand. Furthermore, the higher natural gas prices in FY22 were also attributed to the increased sales, as customers transitioned to make their operations more favorable to the increasing prices. Shipping costs as a percentage of revenue were down to 9% in FY22 (comp
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