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Showing posts from March, 2023

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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Roquefort Therapeutics PLC (LSE: ROQ) And Randox Laboratories Strike Exclusive License Agreement For Medical Diagnostics

  Roquefort Therapeutics PLC (LSE: ROQ, OTCQB: ROQAF), a cancer-focused biotechnology company, has made a significant announcement recently. The Company has signed an   EXCLUSIVE LICENSING AND ROYALTY AGREEMENT   with Randox Laboratories Ltd., a global leader in medical diagnostics. The agreement (“Randox Licence Agreement”) pertains to Roquefort’s Midkine antibody portfolio and is limited to medical diagnostics. As per the Randox Licence Agreement, Roquefort Therapeutics has granted Randox an exclusive worldwide (except Japan) license to use its Midkine antibodies in medical diagnostics. This license agreement is valid for ten years. The two companies will work together on a combined research programme to identify new cancer diagnostics that will be treatable with Roquefort’s Midkine therapeutics. This collaborative effort aims to leverage the strengths of both companies to develop innovative diagnostic solutions for cancer patients. The agreement’s commercial terms remain undisclosed
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Platina’s Maiden Phase Of Exploration To Commence At The Brimstone Gold Project, Western Australia

  PLATINA RESOURCES  (ASX: PGM) is a gold-focused explorer with a keen interest in major precious metals in the world-class provinces of Western Australia. As per the   RECENT ANNOUNCEMENT   made on March 1 2023,   PLATINA RESOURCES   is preparing for the first round of exploration at its  BRIMSTONE PROJECT IN WESTERN AUSTRALIA . Managing Director Mr Corey Nolan authorised the announcement. He said, “A number of the  NEW TARGETS  have been historically drilled to shallow levels, including Old Camp and Garibaldi, which has a historical intersection of  55M @ 2.07 G/T GOLD AND 34M @ 2.80G/T GOLD . Drilling is planned to test the depth and strike potential of the system.” Managing Director Corey Nolan also added that a  GEOPHYSICS REINTERPRETATION AND REVIEW OF HISTORICAL DATA  helped define priority drilling targets. The Phase 1 gold drill program will commence once  CULTURAL HERITAGE  and other statutory clearances are obtained. Following Phase 1 drilling, the southern targets, includin
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VRX Silica Limited Is All Set For The Arrowsmith North Silica Sand Project: Signed Power LOI With ResourcesWA

  VRX SILICA LIMITED   (ASX: VRX) (VRX or Company) has signed a   LETTER OF INTENT (LOI)   with ResourcesWA, a company   SPECIALISING IN ENERGY AND MINING CONSULTING . The LOI aims to explore a potential power supply solution for their Arrowsmith North Silica Sand Project by directly utilising gas from a nearby wellhead. The  OBJECTIVE  of the LOI is to assess the feasibility of setting up a powerhouse equipped with containerised gas reciprocating engines at a nearby gas wellhead location. The powerhouse would be connected to the existing gas plant through a direct offtake and reticulation to the Arrowsmith North site through a dedicated transmission line. ResourcesWA has a team with ample resources and expertise in project development, delivery, and asset management. The LOI provides a detailed proposal description and reflects the parties’ intentions for  SIX MONTHS . The proposal incorporates all design, construction, and operational requirements to provide a complete turn-key Build
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Carbonxt Group Limited And MD Mr Warren Murphy: Key Facts Regarding HY23 Results

  CARBONXT GROUP LIMITED   (ASX: CG1) (Carbonxt, or the Company) has set its sights on building a new activated carbon facility in   KENTUCKY, UNITED STATES . The Company has forged a strategic joint venture with Kentucky Coal Processing LLC to bring this plant to fruition. In the second quarter of FY 2023, the two companies will finish the engineering feasibility work for the new plant. The final legal documentation is set to conclude soon. This plant is estimated to enhance Carbonxt’s production capacity from   ~16,000 TONNES TO OVER 25,000 (+57%) . It would benefit the Company by decreasing pellet production costs and increasing margin growth. This project presents Carbonxt with an opportunity to leverage investments in pollution reduction technologies in the US market. Updates on revenue In 1H23, Cabonxt’s revenue stood at  AUD 8.9 MILLION , which  DECLINED 10%  compared to  AUD 9.9 MILLION  in 1H22. Revenue dropped due to maintenance for new equipment installation at the Arden Hil
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VRX Silica Performance In The First Half Of The Financial Year 2023

VRX SILICA LIMITED  (ASX: VRX or Company) is a mineral exploration company that is developing high-quality silica sand projects. Silica sand is used in various industrial applications, including glassmaking, foundry moulds, and construction. The Company is developing several  SILICA SAND PROJECTS  in Western Australia, with significant tonnes of resources. VRX is committed to sustainable and responsible mining practices and strongly focuses on environmental stewardship and community engagement. This report provides an update on the Company’s financial performance, projects and operations, market analysis, and plans for the first half of the financial year 2023. Financial Performance VRX SILICA LTD  is a silica sand exploration and development company based in Western Australia. The group divided its operation into two reportable segments, development assets and Exploration and evaluation assets for management purposes. During the first half of 2023, the Company reported revenue of  AUD
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Platina Resources Limited Publishes Its Half-Yearly Interim Financial Report For The Period Ended On December 31st, 2022

PLATINA RESOURCES LIMITED  (ASX: PGM), (PGM or Company) is a gold-focused mineral exploration company based in Perth, Western Australia. The Company has released its  INTERIM FINANCIAL REPORT  for the half-year period ended on December 31st, 2022. The report states the Company has preserved shareholder value by advancing its projects through exploration, feasibility, permitting, and monetising through joint ventures, sales, or development. Income Statement of the Company During the Period The Company operates predominately in mineral exploration zone and has only a reportable geographical segment, Australia. The revenue of Platina Resources during the half-year period that ended on December 31st, 2022, was  AUD 0.01 MILLION  and incurred net losses of  AUD 6.31 MILLION . Financial Position of the Company During the Half-Year Period ·          According to the interim financial report, Platina Resources has nearly  AUD 1.6 MILLION  of cash and cash equivalents as of December 31s
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