Colitco Media

  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 ...

  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   (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 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...

Here is an overview of VRX Silica’s progress during the December 2022 quarter. Critical Minerals Publication The Austrade Critical Minerals Prospectus 2022 Edition, published by the Australian Trade and Investment Commission, included  VRX SILICA’S  Arrowsmith North and Muchea silica sand projects. So far, the critical minerals prospectus has gained compelling recognition among interested foreign investors and buyers, Australian corporates, and the Australian government. The prospectus highlighted the potential of VRX Silica’s silica sand projects to address anticipated production shortfalls, build supply chain security, and aid a net-zero future, which can be a significant step forward for the Company. The publication will also promote VRX products to potential buyers and investors overseas. VRX Silica will continue to contact potential buyers who received samples of products from Arrowsmith North and Muchea silica sand projects. Silica Sand Project Advancements VRX  ens...

CALIMA ENERGY  (ASX: CE1)  unveils the initiation of an effective testing program on the two long-reach horizontal Montney wells drilled and partially tested in 2019 on the Calima Lands. With this, Calima Energy and  CEO JORDAN KEVOL  intend to de-risk the project and are expected to generate a higher value for the asset, aiming to complete a joint venture, partnership, or trade sale. The operation of one of the top-tier mining companies in Australia will gauge the gas and condensate flow rates of the Middle Montney Formation in Calima #2. In addition, it will allow for a longer-term test on the Upper Montney in the Calima #3 well. The abundance of condensate and NGLs will further upscale the project economics for prospective  CALIMA ENERGY PROJECTS . Currently, the project is funded by cash flow derived from the production activities in the Brooks and Thorsby assets, with current production of around 4,500 boe/d. The latest Calima Energy share price is  AU...

ROQUEFORT THERAPEUTICS (LSE: ROQ, OTCQB: ROQAF)  (“Roquefort” or the “Company”)  ANNOUNCES  that two of its Midkine (MDK) antibody programs, ROQ-A1 and ROQ-A2, demonstrate  in-vivo  safety in the pre-clinical development programs. The pre-clinical programs were carried out by leading cancer research groups. ROQ-A1 and ROQ-A2 are two patented antibody medicines designed by Roquefort to target metastatic breast cancer and metastatic lung cancer. The experiments demonstrated that ROQ-A1 and ROQ-A2 bind specifically to MDK receptors in cancerous cells in the breast and lung and kill cancer  in vitro . Antibody programs targeting metastatic lung and breast cancer commenced in Q4 2022 at Olivia Newton-John Cancer Research Institute (La Trobe University), Hawkins Laboratory Biochemistry and Genetics (La Trobe University). Both antibodies have demonstrated good safety profiles validated in  in-vivo  models. The targets and milestones were achieved within ...

ECLIPSE METALS  (ASX: EPM and FSE: 9EU) (Eclipse or the Company) has released its quarterly report highlighting the project advancements and other activities during the December 2022 quarter. Here are the updates on the activities carried out by Eclipse. Multi-commodity Greenland Project Updates ECLIPSE METALS  has completed the maiden percussion drilling and trench sampling program at its SW Greenland multi-commodity project. Initial stages of exploration at Ivigtût mine precinct and Grønnedal carbonatite were completed in November 2022. Grønnedal Carbonatite Complex Thirty-one drill holes over a ~3.0km by ~1.5km area to vertical depths of between 3m and 22m were completed at the Grønnedal carbonatite complex, and trenches were excavated where drilling was impossible. The drill samples taken at Greenland were tested using a portable XRF (pXRF) analyser. Grønnedal carbonatite complex shows favourable praseodymium (Pr) and neodymium (Nd) ratios and may have global significance ...

R&D and Industry Activities Carbonxt’s research and development team completed a program focusing on ‘the effects of heat treatment on Activated Carbon’ with the help of a renowned R&D service company. The research output is favourable and supports the development of Carbonxt’s new ACP plant in Kentucky. CARBONXT GROUP  also attended the North American Biochar and Bioenergy Conference about biomass utilisation for bioenergy production, pertaining to the Company’s focus on ESG objectives and the use of renewable sources of raw material for producing Powdered Activated Carbon (PAC) at its Black Birch plant. The  COMPANY  expects moderation of prices for Activated Carbon products manufactured overseas, given the decrease in ocean shipping rates to import products into the US. However, industrial customers continue to show a strong preference for domestically produced PAC and Activated Carbon Pellet (ACP) products. Customer receipts Customer receipts decreased by 24% ...

Project Highlights Brimstone Gold Project: The Brimstone project is a high-potential advanced-stage gold exploration project located 40 km northeast of Kalgoorlie. The project includes six walk-up drill targets, including the Garibaldi prospect, comprising a historical drill intersection of 55m @2.07g/t Au. The Jammie Dodger prospect, too, includes a historical drill intersection of 22m @1.96g/t Au. Both prospects stay open in all directions. Historic assay on this project has focused on numerous holes and yielded high-grade gold mineralisation in the tenement. However, this work is yet to be followed up with an exploration campaign, and thus an opportunity. Beete Gold Project: The 139 km2 Beete project is located in a proven mineralisation province with various small gold mines. The Beete project tenement is south of Norseman and has seen historical reverse circulation drilling between 1958 and 1976. Aruma Resources and Meeka Gold have recently reported gold discoveries in the region ...

CALIMA ENERGY  (ASX: CE1)  declares the completion of Pisces #6 and #7 drilling programs. Currently, the two wells are undergoing the process of “clean up” and are producing back the frac fluid introduced into the reservoir as part of the accomplishment. They are also producing hydrocarbons at strong rates.  CALIMA ENERGY AND CEO JORDAN KEVOL   also promulgate the commencement of the Pisces #8 and #9 drilling program, with the former being spud on 6 January at Brooks Alberta. The latest  CALIMA ENERGY  share price is AUD 0.140. Calima Energy and CEO Jordan Kevol  estimate that Pisces #6 and #7 will complete the clean-up process and start producing at significantly high rates within 30 days of initial production. The recently drilled Sunburst wells ( 2.5 NET ), namely Gemini #10, #11, and #12, are all in production. The three wells presently produce nearly 420 boe/d (gross) and 370 boe/d (net). Additionally, the Q4 Gemini program has achieved almost 35%...