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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: Potenti...

Jindalee Resources Limited releases half-yearly financial report for the period ended on December 31st, 2022: Important facts and figures

JINDALEE RESOURCES LIMITED (ASX: JRL), (Jindalee, the Company), a mineral exploration company based in Western Australia, releases its HALF-YEARLY FINANCIAL REPORT for the period ended on December 31 st , 2022. The Company is aligned with its goals and working on its potential projects. Also, after the reporting period, Jindalee spun off the Australian lithium, nickel, and gold assets to focus on its core assets in the United States. Operations During the Period Jindalee Resources focused on the McDermitt Lithium Project in the United States during the half-year period. Drilling was executed to expand the existing resource base along with metallurgical test work, cultural surveys, and environmental baseline studies to reduce the risks associated with the project. The Company acquired an 80% stake in the Deep Well Nickel-Copper-PGE Project (Western Australia) and divested several non-core projects there. As part of its proposed exploration for early 2023, Jind...

Jindalee Resources Prefers Acid Leaching Testwork for Lithium Extraction

JINDALEE RESOURCES LIMITED (ASX: JRL) (Jindalee or the Company) announces the preferred lithium extraction process for its 100% owned McDermitt Project. Fluor Corporation (NYSE: FLR), an American multinational engineering and construction firm, completed the review of Jindalee’s metallurgical testwork undertaken at the McDermitt Lithium Project. A range of lithium extraction methods was analysed in the review. Based on the review, acid leaching with beneficiation was the most economically viable option for the Project. However, to refine the preferred flowsheet, it is recommended that metallurgical testwork begins immediately. This will support further studies on the Project, incorporating the recently updated Mineral Resource Estimate (MRE). About McDermitt Project The McDermitt Lithium Project, located in SE Oregon, is 100% owned by HiTech Minerals Inc., a wholly owned, US-based subsidiary of Jindalee . It is one of the largest lithium deposits in the United States...

Platina Resources Limited signed a Joint Venture agreement with Chalice Mining for the Mt Narryer Gold Project

PLATINA RESOURCES LIMITED (ASX: PGM) (Platina or the Company) is a mineral resource exploration company based in Western Australia. The Company has inked a JOINT VENTURE AGREEMENT WITH CHALICE MINING LIMITED , a mineral exploration and development company, to operate the Mt Narryer Gold Project. Terms of the Joint Venture Stage 1 earn-in : Initially, Chalice Mining will earn a 51% INTEREST in the project by investing AUD 600,000 within two years, which must include at least AUD 150,000 in the first year Stage 2 earn-in : Chalice Mining can acquire an additional 24% INTEREST in the project by investing an extra AUD 1.8 MILLION within the next two years Platina free cost carry : Once Chalice Mining has obtained a 75% INTEREST in the Project, Platina Resources Limited will continue to be free cost carried until the Pre-Feasibility Study is completed Contribute & Dilute : After the Pre-Feasibility...

Carbonxt Group Limited makes a USD 500,000 Prepayment to Gain Development Momentum at Its Activated Carbon Plant in Kentucky

CARBONXT GROUP LTD (ASX: CG1) (Carbonxt, or the Company) has announced a prepayment of USD 500,000 to accelerate the construction of its ultra-modern activated carbon production facility in Kentucky, USA. The funding will be available to the Company’s joint-venture (JV) partner, Kentucky Carbon Processing LLC (KCP). Funds will be utilised to facilitate the purchase of long-lead items. It will ensure the timely procurement for the first phase of the Kentucky Plant’s construction and operations commencement. The prepayment provision demonstrates the commitment of all parties involved in the Project to expedite the Plant construction. The legal documentation for the joint-venture (JV) framework is progressing well, with final terms expected soon before the commencement of construction. The water treatment and air purification sector highly depends on Activated Carbon (AC). Carbonxt’s new production facility capacity to produce Activated Carbon (AC) pellets ...

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 rema...

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 clearance...

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 requiremen...

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...

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 repor...

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 nea...