Author: backoffice

The second and final Tranche of the Placement raised aggregate gross proceeds of A$50,000 with the Company issuing 2,500,000 Chess Depository Instruments (“CDIs”) at an issue price of A$0.02 per CDI to a director, Mr Andrew Dinning. The issuance of the CDIs to Mr Dinning was subject to shareholder approval, as required by the Australian...

From electric vehicles and wind turbines to water treatment and nuclear power, rare earth elements (REE) are critical for many of the technologies necessary for a cleaner, greener economy and world. However, understanding pricing for these commodities can be tricky. Read on for a short introduction to the rare earth elements market and prices. China...

Lithium prices remained subdued at the beginning of 2024, still well below highs set in late 2022 and 2023. Several factors, including oversupply and weak electric vehicle (EV) demand, united to keep prices muted over the 90 day period. Despite a market glut keeping prices down, Fastmarkets is forecasting that lithium supply will increase by...

Highlights Managing Director and CEO, Neil Marston commented, “Our flagship Golden Ridge Project in northeast Tasmania keeps delivering exciting results. Last year was significant for Flynn Gold with drilling at Golden Ridge intersecting high-grade gold in multiple vein sets at the Trafalgar prospect. “The results of our soil sampling program are also very pleasing with...

HIGHLIGHTS: Warriedar Managing Director and CEO, Amanda Buckingham, said: “This is another very pleasing set of results from our recent drilling at Ricciardo. Combined with the initial results released in March, they readily demonstrate why we have made the Golden Corridor the primary focus of our 2024 exploration activities. At Golden Range we have scale,...

HIGHLIGHTS CEO Adam Kiley commented: “Key to the initial phase of the debt financing process was confirmation of our major funding assumptions, which assumed gearing levels of between 65% to 70%, equating to between $200 million and $225 million, equipment selection, due diligence requirements and the funding timetable. Confirmation of these key assumptions in such...

The restrictions apply to copper, nickel and aluminum, and were passed down by the US Department of the Treasury and the British government on April 12. They are also in place for the Chicago Mercantile Exchange (CME). This move aims to curb financial flows that fuel Russia’s military activities in Ukraine, which began in February...

“It’s a (really) significant drill hole. We were testing a new sort of 3D framework at that target. We drilled holes there and got 50 to 100 meter intercepts … We adjusted our interpretation and went in to test that, and found that it’s a breccia system. We found a new breccia pipe and got...

Highlights: The MRE of 15Mt at 490ppm Total Rare Earth Oxide (TREO) with 67ppm scandium oxide (Sc2O3) covers the first 2km of strike at the Yttria REE Deposit, with 55% of the tonnes within the Indicated JORC Category. The MRE has an exceptionally high ratio of 55% Heavy Rare Earth Oxides (HREO) incorporating high value...

Highlights: Health House Australia also provided strong contributions of $1.8m in revenues utilising its position as a trusted supplier within the growing Australian medical cannabis landscape. During Q1 and Q2 the group signed on a variety of new suppliers and looks forward to introducing the Health House Wellness Clinic in Q2 of FY24 (refer to...