Proactive - Interviews for investors
Business
News
Proactive
Welcome to the Proactive podcast channel – the destination for breaking news on growth companies and up to the minute market coverage.
Here we plug you into what’s new and exciting in the world of business.
CuFe in alliance with Emmerson Resources and Tennant Minerals for Tennant Creek region development
CuFe Ltd (ASX:CUF) executive director Mark Hancock sits down with Proactive’s Tylah Tully to discuss a strategic alliance the company has entered with Emmerson Resources Ltd and Tennant Minerals Ltd, to explore copper, gold and critical metals opportunities in the Tennant Creek region of the Northern Territory.
The alliance will assess the feasibility of a single multi-user processing facility and undertake an in-depth scoping study and pre-feasibility study (PFS) on various development options for jointly controlled mineral resources.
This work will cover aspects such as plant configuration, mine scheduling, product outputs, workforce and infrastructure requirements, environmental approvals and general logistics.
Each company will contribute expertise and funding, with the project potentially providing a streamlined path to production by consolidating resources through a ‘hub and spoke’ model, similar to historical operations in the Tennant Creek district.
This collaboration reflects a commitment to tackle financial and regulatory challenges through joint efforts.
The alliance's initial activities will begin in Q4 2024, with future developments contingent on scoping study outcomes.
CuFe, Emmerson and Tennant collectively control a significant volume of copper and gold resources in the region, including Tennant Minerals’ Bluebird discovery and Emmerson’s Jasper Hills and Hermitage discoveries, which have shown high-grade mineralisation.
#ProactiveInvestors #CuFeLimited #ASX #EmmersonResources #TennantMinerals #MiningAlliance #TennantCreek #CopperGold #MineralExploration #NorthernTerritory #MiningCollaboration #ResourceDevelopment #StrategicAlliance #MiningInnovation #ScopingStudy #PreFeasibilityStudy #MineralProcessing #HighGradeResources #BluebirdDiscovery #JasperHills #MiningAustralia #CriticalMetals
04:0029/10/2024
Asian Battery Metals hits high-grade copper-nickel at Oval discovery; share price surges
Asian Battery Metals PLC (ASX: AZ9) managing director Gan-Ochir Zunduisuren sits down with Proactive’s Tylah Tully to discuss high-grade copper-nickel results the company has received from its Oval copper-nickel-PGE prospect in Mongolia’s Gobi-Altai region.
Drilling in hole OVD021 yielded an intercept of 8.8 metres at 6.08% copper, 3.19% nickel, 1.63 g/t combined precious metals (E3) and 0.11% cobalt (12.57% CuEq) from 107.2 metres.
Additionally, OVD021 intersected mineralisation across disseminated and net-textured sulphides, reinforcing the Oval system’s high-grade potential.
This discovery is part of the company's Phase 1 drilling program, covering 2,183.85 metres at Oval.
The mineralisation remains open in multiple directions, and downhole electromagnetic (DHEM) surveys will direct the upcoming drilling phase to better understand the deposit's scale and orientation.
Zunduisuren underscored the importance of these results, confirming the Oval deposit's potential for substantial resource expansion.
Investors responded to the significant discovery sending Asian Battery Metals’ share price surging more than 155 per cent.
Future exploration, including 900-1,500 metres of drilling, will focus on defining the size and structure of the high-grade zones.
Due to the drilling success, ABM has reallocated the remainder of its 2024 drilling budget to expand the Oval project.
#ProactiveInvestors #AsianBatteryMetals #ASX #CopperNickelDiscovery #GobiAltai #MongoliaMining #HighGradeCopper #HighGradeNickel #OvalProspect #BatteryMetals #ExplorationUpdate #DrillingResults #MineralDiscovery #ASXMining #SulphideMineralisation #Phase2Drilling #ElectromagneticSurvey #MiningExploration #ResourceExpansion #MiningInvestments #CopperEquivalent #GeophysicalSurvey
03:5429/10/2024
Trust Stamp Launches Biometric Secure Module Project with Contactless Palm Authentication
Trust Stamp Senior Vice President of Research and Development at Reuben Farrugia joined Steve Darling from Proactive to announce the launch the company's latest initiative aimed at expanding its biometric cryptosystem, Stable IT2, to include contactless palm authentication. The new Biometric Secure Module (BSM) project will integrate both face and palm biometrics, enhancing security and privacy for users.
Farrugia highlighted the alarming rise in cybercrime, with global costs expected to reach $10.5 trillion by 2025. Trust Stamp’s BSM project is designed to counter these growing threats by developing a high-entropy, secure authentication system that does not store sensitive biometric data. This privacy-centric approach ensures that even if a device is breached, no cryptographic keys are stored on the device itself, safeguarding user data.
The BSM project represents a major leap in biometric security, aligning with industry standards like the FIDO Alliance. By combining face and palm recognition, Trust Stamp aims to set new standards for digital identity security, particularly benefiting financial institutions, digital wallets, and identity access management providers. This innovative solution is poised to redefine how digital identities are secured in an increasingly connected world.
#proactiveinvestors #truststamp #nasdaq #idai
#BiometricSecurity #PrivacyTech #IdentityVerification #CryptoSystem #CyberSecurity #Biometrics #DigitalIdentity #SecureAuthentication #TechInnovation
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
03:2528/10/2024
Toggle3D.ai launches photo studio API, bringing advanced ai-powered image editing to businesses
Toggle3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce the launch of the company’s new Photo Studio API, designed to address the rising demand for scalable, high-quality photo editing across various industries. This API allows users to integrate Toggle3D.ai's advanced AI-driven image processing technology directly into their workflows, simplifying tasks like product image enhancement, personalized photo edits, and large-scale image processing.
Gappelberg shared that the Photo Studio API offers a range of features, including precise retouching, background removal, color adjustments, and automated workflows. With support for bulk operations, businesses can process thousands of images quickly and efficiently, making it an ideal solution for sectors like e-commerce, social media, and marketing where high-quality, fast image production is critical.
The API’s compatibility with third-party tools enables feature expansion through function calling, with future updates expected to add specialized options like object detection and style transfer, enhancing customization possibilities for a variety of creative applications.
#proactiveinvestors #otcqb #tgglf #cse #tggl
#AIPhotoStudio #EvanGappelberg #APIIntegration #EcommerceTools #AIPhotoEditing #Proactive #4KPhotos #BulkProcessing #ChatGPT
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
04:5828/10/2024
Just the Facts: Riversgold visits Saint John Project; plans drone survey
Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Riversgold Ltd (ASX:RGL).
The company recently completed a site visit to its Saint John Project, a high-grade copper, gold, antimony and silver property in New Brunswick, Canada.
During the visit, the team collected 64 rock chip samples from established and new mineralisation zones.
Reported grades in the area have reached up to 17.6% copper, 70 g/t gold, 10% antimony and 1,500 g/t silver.
The company has engaged a local geologist to continue sampling, aiming to broaden exploration coverage across the property.
The project site is reported to have easy access, allowing for nearly year-round exploration.
Riversgold plans to conduct a drone magnetic survey over the Little Lepreau prospect in mid-November, with processed results expected two weeks after the survey. Additionally, the first batch of samples has been submitted to ALS Laboratories in Moncton with results to follow.
#ProactiveInvestors #Riversgold #ASX #JusttheFacts #SaintJohnProject, #CopperGold, #Antimony, #NewBrunswick, #MiningExploration, #RockChipSamples, #DroneSurvey, #Mineralisation, #CanadianMining, #ResourceExpansion, #HighGradeMetals, #ALSMoncton, #MiningProjects, #ExplorationUpdate, #YearRoundExploration, #GeologicalSurvey, #ASXNews, #MiningJurisdiction, #LittleLepreau
01:2928/10/2024
Just the Facts: Maximus Resources completes RC drilling
Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Maximus Resources Ltd (ASX:MXR, OTC:MXRRF).
The company has completed reverse circulation (RC) drilling across two key projects in Western Australia's Goldfields region.
The first-phase RC drilling at the 8500N Paleochannel, consisting of 102 holes, aimed to improve geological understanding and assess potential mineralisation extensions, specifically in the saprolite zone. Results from this work are expected within five weeks.
At the Hilditch deposit, 13 RC holes were drilled to refine resource classification and expand recent high-grade intersections in preparation for an updated mineral resource estimate.
Significant results included an intersection of 19 metres at 3.21 g/t gold from 16 metres, with higher-grade intervals of 6 metres at 5.64 g/t and 5 metres at 3.28 g/t.
These activities support Maximus Resources' ongoing expansion of its gold resource portfolio, which currently totals an estimated 335,000 ounces across multiple exploration projects in the area.
#ProactiveInvestors #MaximusResources #ASX #JusttheFacts #Goldfields, #DrillingResults, #WesternAustralia, #Paleochannel, #HilditchDeposit, #RCDrilling, #GoldExploration, #MineralResource, #GeologicalExploration, #AssayResults, #HighGradeGold, #ResourceExpansion, #GoldMining, #SaproliteZone, #Mineralisation, #MiningNews, #ResourceEstimate, #AustralianMining, #Exploration
01:1628/10/2024
Sarytogan Graphite expands market reach - new uses for Micro80C in cast iron
Sarytogan Graphite Ltd managing director Sean Gregory joins Jonathan Jackson in the Proactive studio after the company identified significant market potential for its Micro80C graphite product, targeting the grey cast iron industry as a potential high-volume application for its recarburiser.
Testing has shown that this product is effective in reintroducing carbon during cast iron manufacturing. In this process, up to 6% carbon is added back to improve durability and malleability, a practice known as recarburising.
The grey cast iron industry, producing approximately 31 million tonnes annually, consumes about 1 million tonnes of recarburiser, presenting a substantial offtake opportunity for Sarytogan.
Gregory noted that this market represented a base load opportunity that could drive further expansion of the Sarytogan Graphite Project, complementing recent pre-feasibility study results.
The next phase involves processing 20 tonnes of trial-mined ore from the Sarytogan deposit in Kazakhstan, with milling scheduled in Karaganda. From this, a tonne of milled ore will be transported to Australia to produce flotation concentrate, a portion of which will then be shipped to the US for purification.
The resulting product samples, expected in quantities sufficient for vendor testing and customer qualification, mark a crucial step toward commercialising the 229-million-tonne Sarytogan resource.
#ProactiveInvestors #SarytoganGraphite #ASX #Micro80C #GraphiteProduct #CastIron #Recarburiser #IronManufacturing #GreyCastIron #HighVolumeMarket #Kazakhstan #GraphiteMining #CarbonAddition #IronIndustry #MiningInnovation #OreProcessing #GraphiteConcentrate #ResourceCommercialisation #MetalProduction #SustainableMining #SeanGregory
06:3428/10/2024
Excite Technology Services strengthens cyber security offering with CBIT acquisition
Excite Technology Services Ltd (ASX:EXT) executive director and CFO Steven Bliim talked with Proactive’s Tylah Tully about the company’s positioning as a unique cyber security provider on the ASX, with a current market capitalisation of $20 million.
Bliim outlined the company’s main business segments, including cyber consulting, IT managed services and their newly acquired digital forensics and training segment through the recent CBIT acquisition.
Bliim described CBIT as a digital forensics and consulting organisation serving notable clients like the Department of Defence and other Federal Government agencies.
He emphasized how CBIT enhanced Excite’s capabilities in digital forensics and incident response by managing cyberattack investigations and ensuring evidence was scientifically collected and court-admissible if necessary.
Discussing Excite’s latest quarterly results, Bliim shared how revenue from customer receipts reached $2 million, with operating costs reduced to nearly break-even.
He noted that if CBIT had been included earlier, the quarterly receipts would have totaled approximately $6.3 million with a positive cash flow of $840,000.
Bliim highlighted Excite’s recent success in attracting major institutional investors and emphasized that the company is positioned for growth in the cyber security market.
#ProactiveInvestors #ExciteTechnology #ASX #ExciteCyber #CyberSecurity #InvestorUpdates #CeBITAcquisition #ASXMarket #DigitalForensics #TechInvesting #QuarterlyResults #InstitutionalInvestors #ProactiveInterviews
05:0628/10/2024
Dynamic Metals advances key assets during September quarter, maintains strong cash position
Dynamic Metals Ltd (ASX:DYM) managing director and CEO Karen Wellman joins Proactive’s Tylah Tully to talk about exciting developments at the Cognac West Prospect and the company’s broader exploration strategy in Western Australia.
She revealed that recent rock chip sampling at Cognac West returned results as high as 2040 grams per tonne, or 65 ounces per tonne, underscoring the site’s exploration potential.
According to Wellman, this data, combined with other soil and mapping insights, highlights the promise of the site, making it a priority for the company.
Wellman also shared Dynamic’s systematic approach to prioritising gold targets, stating: "We've been lining up our potential targets to ensure that we're focusing on the highest-value areas for upcoming drilling.”
In addition, Wellman discussed Dynamic Metals’ joint venture with MinRes at the Widgiemooltha Lihtium Project, noting the collaborative progress in lithium, caesium, and tantalum exploration at Pioneer Dome West, where government funding through an Exploration Incentive Scheme grant will support further drilling within the next 12 months.
As 2024 comes to a close, Wellman indicated that upcoming news would include new sampling results from Cognac West, additional findings from the Lindsay’s Project, and finalised drill targets for 2025.
These steps highlight Dynamic’s continued focus on high-value areas in Western Australia.
#ProactiveInvestors #DynamicMetals #ASX #GoldExploration #LithiumExploration #WidgiemoolthaProject #LindsaysProject #Mining #ASXDYM #ExplorationUpdate #GoldAnomalies #SoilSampling #DrillingProgram #CashPosition #MineralResources #JointVenture #LithiumTargets #WesternAustralia #GoldPotential #ResourceDevelopment #MiningProjects #Fieldwork #GreenstoneBelt
04:1227/10/2024
Wishpond Announces Collaboration with Roomvu to Enhance Lead Management for Real Estate Agents
Wishpond CEO Ali Tajskandar joined Steve Darling from Proactive to share news of a collaboration between SalesCloser.ai and Roomvu Technologies, a leading real estate marketing platform used by over 220,000 agents. This partnership aims to enhance lead follow-up and sales conversion by integrating SalesCloser’s advanced technology into Roomvu’s platform.
Tajskandar emphasized that this collaboration represents a transformational step forward in the real estate industry, equipping agents with tools to navigate an increasingly competitive market. The integration of SalesCloser will empower real estate agents to manage their leads more efficiently, ultimately boosting sales while improving the client experience.
A critical issue in real estate has been the lack of follow-up after leads are identified. Roomvu generated over 500,000 leads in the past year, but only a small percentage were followed up by agents, underscoring the urgent need for more effective lead management. The collaboration will enable real estate agents to better engage with their leads through SalesCloser's advanced calling technology, making it easier to schedule in-person meetings and close successful home sales.
Both companies expect this partnership to significantly improve lead conversion rates and transform how real estate professionals manage client relationships, filling a major gap in the industry.
#proactiveinvestors #wishpondtechnologieslet #tsxv #wish #otcqx #wpndf
#SalesCloser #AIinSales #RoomVu #RealEstateTech #LeadAutomation #SalesAutomation #AIPartnership #TechForRealtors #MarketingAutomation #LeadConversion #ProactiveInvestors#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
05:0325/10/2024
Reward Minerals raises $2.3 million for Beyondie Potash Plant acquisition
Reward Minerals Ltd (ASX:RWD) CEO Lorry Hughes joins Proactive’s Tylah Tully to discuss the company’s efforts to raise $2.3 million through a share placement, selling over 38 million shares at $0.06 each, including one free attaching option per share.
The funds will be used for an engineering scoping study focused on a sulphate of potash (SOP) project in Western Australia, using Reward’s proprietary processing technologies and components of the Beyondie Potash Plant, which the company aims to acquire.
The company plans to engage with global entities in the solar salt, fertiliser and desalination sectors to explore joint ventures based on its SOP technology.
Hughes expressed that investor support reflects confidence in the company’s future, with the Beyondie acquisition being pivotal for its transformation into a leading SOP producer.
The acquisition could also help significantly reduce development costs for future projects.
The company’s flagship asset is the Carnarvon Potash Project, located in north-western Western Australia.
Reward Minerals also owns proprietary technology for recovering high-purity SOP from seawater and other sulphate-rich brines, further solidifying its position in the global SOP industry.
#ProactiveInvestors #RewardMinerals #ASX #Potash #SOP #Funding #BeyondiePotash #WesternAustralia #Investment #CarnarvonPotash #Desalination #Fertiliser #SeawaterDesalination #JointVentures #ScopingStudy #Engineering #GlobalMarket #MiningIndustry #BrineRecovery #TechInnovation #SustainableAgriculture
05:1125/10/2024
Horizon and Poseidon to merge, creating new mid-cap gold producer
Horizon Minerals (ASX:HRZ) managing director Grant Haywood joins Proactive’s Tylah Tully to discuss the company’s plans to merge with Poseidon Nickel Limited (ASX: POS).
Horizon will acquire 100% of Poseidon's shares and unlisted options, subject to various conditions.
This merger aims to consolidate their complementary assets in the Western Australian Goldfields, combining Horizon's large gold resources with Poseidon's Black Swan processing infrastructure.
The merger will create a mid-cap gold producer with a combined resource of around 1.8 million ounces of gold and 422,700 tonnes of nickel.
Horizon also plans to raise $14 million through a placement to support the expanded business.
The Black Swan processing plant will be refurbished and converted for gold production, providing a faster, cost-effective path to gold production compared to building a new plant.
Horizon aims to become a standalone 100,000-ounce-per-year gold producer after the plant's conversion, expected by mid-2026.
Upon completion, Horizon shareholders will hold 69.8% of the merged entity, and Poseidon shareholders 30.2%. The merger is expected to be finalised in early 2025, pending court and shareholder approvals.
#ProactiveInvestors #HorizonMinerals #PoseidonNickel #ASX #GoldProduction #NickelMining #Goldfields #MidCapProducer #GoldPrice #MiningMerger #BlackSwanPlant #WesternAustralia #GoldExploration #NickelResources #MineralExploration #SchemeOfArrangement #MiningInvestment #GoldMines #ASX #Kalgoorlie #PoseidonMerger #ResourceDevelopment #MineralResources
04:0225/10/2024
Empire Metals completes Pitfield diamond drilling, advances MRE
Empire Metals Ltd (LON:EEE) managing director Shaun Bunn sits down with Proactive’s Tylah Tully to discuss the recently completed diamond drilling programme at the Pitfield Project in Western Australia.
This phase focused on the Thomas and Cosgrove exploration target areas, with a total of 679 metres drilled across five holes.
The drilling identified significant zones of weathered saprolite material, nearly double the depth encountered in previous drilling.
The data will support the development of a maiden Mineral Resource Estimate (MRE) planned for 2025.
Key findings include deeper weathered zones, which are highly friable and soft, promising easier mining conditions and reduced energy consumption for processing.
The excellent recovery of core samples enables comprehensive metallurgical testwork, including hardness, grindability tests and mineral separation to evaluate titanium extraction.
Ongoing gravity testwork and further mineral separation processes will continue in the coming months, alongside hydrometallurgical testing.
Core logging revealed highly weathered bedded sandstones, indicating advantageous mining conditions due to the soft and friable nature of the material.
Further drilling, along with the metallurgical and geological data gathered, will help refine the geological model and reduce the cost of future drilling aimed at defining a large-scale MRE.
#ProactiveInvestors #EmpireMetals #LON #Mining #Australia #Titanium #PitfieldProject #Geology #DiamondDrilling #Metallurgy #MineralResource #CoreDrilling #Exploration #WesternAustralia #TitaniumExtraction #Saprolite #RCDrilling #EnergyEfficiency #Comminution #Anatase #MineralSeparation #Hydrometallurgy #MiningTechnology
05:0025/10/2024
Suvo Strategic Minerals raises $2 million with PERMAcast support
Suvo Strategic Minerals Ltd (ASX:SUV) executive chairman Aaron Banks joins Proactive’s Tylah Tully to discuss the $2 million the company secured through an oversubscribed placement at $0.048 per share, supporting its development and commercialisation of low-carbon cement Intellectual Property (IP).
In further news, Suvo’s subsidiary Climate Tech Cement Pty Ltd (CTC) has signed a Shareholders Agreement with PERMAcast R&D Pty Ltd, establishing a 50/50 joint venture.
The JV aims to commercialise low-carbon concrete products and projects, leveraging intellectual property developed under the Joint Development Agreement announced in July 2024.
PERMAcast, Western Australia’s leading supplier of precast and prestressed concrete products, will provide critical market insights and expertise to accelerate product development and market introduction.
Shareholders of PERMAcast also contributed 15% of the funds in the placement.
Suvo will issue 41,666,666 shares to institutional, professional, and sophisticated investors, with 20,833,333 free attaching unquoted options exercisable at $0.075 for a two-year term.
The issue price represents a 12.1% discount to the 30-day volume-weighted average price and an 11.1% discount to the last close price.
Settlement of funds is expected on October 28, 2024, with shares to be allotted on October 29, 2024. Bell Potter Securities acted as lead manager for the placement.
#ProactiveInvestors #SuvoStrategicMinerals #ASX #GreenCement #LowCarbonCement #CapitalRaise #NickelSlag #SustainableCement #GeopolymerCement #InstitutionalInvestors #PERMAcast #ASXListed #MineralsDevelopment #CementInnovation #PrecastConcrete #PTHuadi #CarbonNeutral #OversubscribedPlacement #InvestmentOpportunity #CementIndustry #BellPotterSecurities #SuvoInvestors
08:2225/10/2024
Novo Resources makes strong progress in Western Australia and Victoria
Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO) executive co-chairman and acting CEO Mike Spreadborough joins Proactive’s Tylah Tully to discuss the company’s September quarterly, which proved productive with significant exploration progress in Western Australia and Victoria.
The company is in a strong financial position, holding A$6.7 million in cash and A$44.6 million in investments as of September 30, 2024.
Novo's focus remains on its highly prospective portfolio, particularly the Belltopper Project In Victoria and Pilbara region in Western Australia.
Drilling at the Nunyerry North Project in the Pilbara achieved positive results, including extending the high-grade Main Lode over 500 metres and identifying high-grade gold along the Estrid Fault. Key results included 13 metres at 2.68 g/t gold and 11 metres at 2.20 g/t gold, among others.
Novo's joint venture partner De Grey Mining completed its A$7 million minimum expenditure commitment on exploration at the Egina Gold Project and will continue investing an additional A$18 million by 2027.
Looking ahead, the company will analyse recent results and continue developing new targets. However, Pilbara drilling activities will pause until March 2025 due to seasonal weather risks.
The Belltopper Project will remain a priority, with a focus on world-class, Fosterville-style targets.
#ProactiveInvestors #NovoResources #ASX #OTCQX #TSX #MiningExploration #GoldExploration #WesternAustralia #VictoriaMining #Pilbara #BelltopperProject #EginaGoldProject #DeGreyMining #AntimonyPotential #GeologicalModelling #Mineralisation #HighGradeGold #ExplorationTargets #MiningInvestment #JointVenture #GoldDrilling #MiningUpdates #AustralianMining #MiningNews #GoldFields’
05:0124/10/2024
TRX Gold Reports Best-Ever Drill Result and New Discovery at Buckreef Gold Project
TRX Gold Corporation CEO Stephen Mullowney joined Steve Darling from Proactive to announced the company's most impressive drill result to date, with hole BMDD310 intersecting 35.5 meters at 5.48 g/t gold (Au) from a depth of 64 meters. This result was obtained approximately 200 meters east of the Buckreef Main Zone, which is home to Buckreef Gold's 2M+ ounce gold resource and the location of the company’s ongoing mining operations.
Additionally, Mullowney shared the exciting discovery of a new shear zone, named the “Stamford Bridge Zone.” Initial drill results from this area show geological features and mineral alterations similar to those at Buckreef’s Main Zone.
The Stamford Bridge Zone was identified through detailed geological mapping of the Main Pit floor, where a trend of high-grade mineralization was noted on the eastern side of the pit.
This discovery is considered a major milestone for TRX Gold, marking the most significant mineralization in the company's drill history at Buckreef Gold. An expanded diamond drill program is now planned to further explore this promising new trend.
#proactiveinvestors #trxgoldcorporation #tsx #trx #nyseamerican #trx #gold #mining
#BuckreefGoldProject #GoldMining #GoldExploration #MiningUpdates #StamfordBridgeZone #GoldDiscovery #MiningNews #ProactiveInvestors #InvestInGold
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
03:2224/10/2024
Bloomsbury Publishing seeing Strong Fiscal Year Following 32% Revenue Surge
Bloomsbury Publishing CEO Nigel Newton, Group Finance Director Penny Scott-Bayfield , and Jenny Rideout, Managing Director joined Steve Darling from Proactive to announce that its fiscal year 2024-2025 trading is set to surpass expectations after reporting a 32% increase in first-half revenue. The surge was driven largely by the continued blockbuster performance of fantasy fiction author Sarah J. Maas, notably her A Court of Thorns and Roses (ACOTAR) series.
In the first half, Bloomsbury’s consumer division experienced remarkable growth, with revenue rising by 47% to £131.3 million, fueled by the sustained popularity of Maas’s novels. The company's overall revenue reached £179.8 million, up from £136.7 million in the same period last year. This marks the fifth consecutive period of double-digit growth, largely attributed to the success of Bloomsbury’s "2030 Vision" strategy. The non-consumer division, which includes academic and professional publishing, saw a modest 3% growth, reaching £48.5 million, while the academic and professional segments posted a 6% increase.
The company also announced a 5% year-over-year increase in its interim dividend to 3.89p, a substantial 176% rise compared to 2023.
Looking ahead, Bloomsbury projects annual revenues of £319.3 million and pre-tax profits of £37.5 million for the year ending February 28, 2025.
#proactiveinvestors #bloomsburypublishingplac #lse #bmy #publishing #books
#NigelNewton #PublishingIndustry #FinancialResults #FTSE250 #AcademicPublishing #BookAcquisition #HarryPotter #DigitalTransformation #AIinPublishing #SarahJMaas #RomanAndLittlefield
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
14:1224/10/2024
Enwave Corporation Signs Strategic Agreement with CNTA to Deploy REV Dehydration Technology
Brent Charleton, President and CEO of Enwave Corporation, shared with Steve Darling from Proactive that the company has entered into a license agreement, equipment purchase agreement, and referral agreement with the Spanish National Centre for Food Technology and Safety (CNTA). CNTA is a private non-profit organization dedicated to enhancing the competitiveness and quality of the Spanish food sector.
Under the terms of the agreement, CNTA will have research and development rights to use EnWave’s proprietary Radiant Energy Vacuum (REV™) dehydration technology in collaboration with its current and future clients. Additionally, CNTA has purchased a 10kW REV™ machine, which will be featured in its state-of-the-art facility, providing a showcase for the technology's value.
Charleton highlighted that CNTA has been a leader in the agri-food industry for over 40 years, working to improve sustainability, health, safety, and accessibility in food production. CNTA's network includes more than 500 associated companies, and the organization employs over 250 professionals. The partnership with EnWave is expected to drive innovation in food technology and contribute to the ongoing advancements in the agri-food sector.
#proactiveinvestors #enwavecorporation #tsxv #enw #DehydrationTech #VacuumMicrowave #RoyaltyBusinessModel #BluechipClients #MilitaryContracts #FoodIndustryInnovation #ShelfStableRations #GlobalExpansion #USArmy
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
02:1224/10/2024
Chesapeake Financial Shares CEO Jeff Szyperski Reports Strong Q3 2024 Earnings and Dividend Increase
Chesapeake Financial Shares CEO Jeff Szyperski joined Steve Darling from Proactive to shared the company's financial results for the third quarter of 2024. The company reporting earnings of $2,600,159, marking a 5% increase over the same period in 2023. The company's earnings per share reached $0.550 fully diluted, up from $0.526 in Q3 2023. Total assets as of the end of the quarter stood at $1.59 billion, reflecting an 8% increase from year-end 2023. Nonperforming assets were reported at 0.421%, slightly up from 0.376% in the previous year.
Szyperski highlighted the positive impact of stabilized and slightly declining interest rates, which have helped the company maintain its net interest margin. Chesapeake's lending activity continues to outperform industry peers, with an 8.1% annualized increase year-to-date in 2024. Additionally, Chesapeake Payment Systems and Flexent, both subsidiaries of the company, are experiencing strong performance this year.
In further positive news, Chesapeake announced an increase in its quarterly dividend by $0.05 to $0.16 per share. Notably, the company has raised its dividend for 32 consecutive years, reflecting its commitment to delivering value to shareholders.
#proactiveinvestors #chesapeakefinancialsharesinc #otcqx #cpkf
#JeffSzyperski #Q3Earnings #DividendGrowth #LoanGrowth #ChesapeakePaymentSystems #Flexent #CommunityBanks #FinancialServices #ProactiveInvestors
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
03:5124/10/2024
OKYO Pharma CEO Announces First Dosing in Phase 2 Trial for OK-101 to Treat Neuropathic Corneal Pain
OKYO Pharma CEO Gary Jacob joined Steve Darling from Proactive to share news the company is reporting the first patient has been dosed in the Phase 2 trial of OK-101, a topical ocular treatment for neuropathic corneal pain (NCP). This double-masked, randomized, 12-week placebo-controlled trial will enroll 48 patients, all of whom will have their NCP disease confirmed via confocal microscopy.
The trial is being conducted at a single center under the leadership of Dr. Pedram Hamrah from Tufts Medical Center, where he serves as Professor and Vice Chair of Research and Academic Programs, and Director of the Center for Translational Ocular Immunology. Dr. Hamrah’s expertise will guide the study, which aims to evaluate the effectiveness of OK-101 in alleviating pain caused by corneal nerve damage—a condition with no current FDA-approved treatments.
Jacob highlighted that OK-101 is a novel, non-opioid therapeutic specifically designed to target the severe and often debilitating pain associated with NCP. This condition can stem from various sources, including dry eye disease, surgery, or infections, and can significantly affect patients' quality of life. Presently, treatment options for NCP are limited to temporary pain relief strategies that often fall short of providing long-term relief.
OKYO Pharma’s development of OK-101 is a promising step toward addressing this unmet medical need, potentially offering patients a more effective solution to manage their corneal pain.
#proactiveinvestors #okyopharmalimited #nasdaq #okyo
#NeuropathicPain #OcularPain #OK101Trial #FDAApproval #Biotech #Pharmaceuticals #ClinicalTrial #DrugDevelopment #HealthInnovation#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
04:2924/10/2024
Royal Road Minerals Secures Drilling Permits for Alouana Copper-Gold Project in Morocco
Royal Road Minerals Limited CEO Tim Coughlin joined Steve Darling from Proactive to share news the company has announced that the company has received all necessary drilling permits for its Alouana copper-gold polymetallic project, located in the Eastern Region of the Kingdom of Morocco. The project is owned through Royal Road Arabia Limited (RRA), a joint venture between Royal Road and MIDU Company Limited, a Saudi Arabian investment firm based in Jeddah with interests across multiple sectors, including mining and real estate development.
In October 2023, RRA secured an option to acquire 100% of Izughar Resources S.A.R.L, the Moroccan company holding the Alouana project licenses. The Alouana project spans four exploration licenses covering a total of 84 square kilometers and is rich in historical mining activity. Small-scale mining operations began in the early 1900s, with around 45 copper-gold polymetallic workings identified across the area. These include open-pit and underground mines, with deposits found in both shallow southwest-dipping shear zones and steep northeast-dipping vein-breccia formations up to 3 meters wide.
Notably, no previous drilling has been conducted on the site. Royal Road plans to undertake an initial 2,000 meters of scout exploration drilling, which will begin after access roads and drill pads are completed later this year.
This exploration phase is a critical step forward for Royal Road as it seeks to unlock the potential of the Alouana project and tap into Morocco’s rich mineral resources.
#proactiveinvestors #royalroadsmineralslimited #tsxv #ryr
MiningExploration #MoroccoDrilling #CopperGoldMining #ScoutDrilling #GeologicalExploration #MineralDiscovery #PortableXRF #ReverseCirculationDrilling #MiningNews
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
04:5924/10/2024
Quantum Blockchain Technologies Unveils Breakthrough in AI-Driven Bitcoin Mining Tool with Method C
Quantum Blockchain Technologies Plc CEO Francesco Gardin joined Steve Darling from Proactive to announce several key advancements in the company's AI-based Bitcoin mining tool, Method C. Developed by the company's R&D team, Method C incorporates a predictive Machine Learning model and an AI Oracle. The Oracle, in real time, evaluates the likelihood of an input to the SHA-256 algorithm generating a winning Bitcoin hash.
Gardin revealed that Method C's AI Oracle has been successfully integrated into Bitcoin mining hardware, boosting performance from 30% to 50%, especially at lower mining difficulty levels. Lab tests at current mining difficulty have confirmed the Oracle’s effectiveness, challenging industry assumptions and marking a significant step towards commercialization. The company is planning to file a patent for Method C by the end of the year.
Quantum Blockchain Technologies is now focusing on two critical elements to move Method C toward a commercial version. These include maintaining the Oracle’s success as mining difficulty increases, and developing a software-only version of the AI Oracle for use by mining pools.
#proactiveinvestors #quantumblockchaintechnologies #ain #qbt #methodc #oracle #bitcoin
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
05:3624/10/2024
Helix Exploration CEO Bo Sears Provides Operational Update on Clink #1 Well at Ingomar Dome Project
Helix Exploration CEO Bo Sears joined Steve Darling from Proactive to deliver an operational update on the Clink #1 well at the Ingomar Dome Project. The company has successfully run and cemented the production casing to a depth of 8,130 feet. Before perforating the target zones for testing, Helix plans to conduct cased-hole wireline operations, with any recovered gas samples being sent to an external laboratory for composition analysis.
Sears explained that the company intends to test multiple formations from the bottom of the hole upward. Should initial perforation results prove positive, Helix will promptly report the gas composition to the market and conduct an extended well test on that interval before progressing to the next formation. Initial findings from the Amsden, Charles, and Flathead formations are looking very promising, leading the company to maintain an optimistic outlook regarding their potential.
Looking ahead, Helix Exploration is eager to update the market on the progress, particularly regarding the first gas to surface, as it continues to advance its operational efforts at the Ingomar Dome Project.
#proactiveinvestors #helixexplorationplc #aim #hex #HeLIXExploration #EnergyUpdate #HeliumMarket #HydrogenExploration #KlinkWell #NaturalGas #ChipManufacturing #ProactiveInterview
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
03:3624/10/2024
Just the Facts: Lithium Universe to release Bécancour Lithium Refinery DFS next quarter
Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Lithium Universe Ltd (ASX:LU7, OTC:LUVSF).
The company is on schedule to release the definitive feasibility study (DFS) for its Bécancour Lithium Refinery in Quebec, Canada, next quarter.
The project has progressed smoothly and cost-effectively, with 80% of supplier pricing finalised and procurement strategies nearing completion.
The capital cost estimate is expected to have an accuracy of ±20%. The DFS follows the completion of the preliminary feasibility study (PFS) in September 2024, conducted in collaboration with Hatch Ltd.
John Loxton, head of Refinery at Lithium Universe, oversees the project. He brings experience from previous lithium processing projects, including the Jiangsu Lithium Carbonate Plant in China and Tianqi Lithium’s hydroxide plant in Western Australia.
Loxton highlighted the streamlined process, which leverages data from a reference plant, ensuring cost-efficiency and reducing the risk of overruns.
The DFS will mark a critical milestone as the company progresses towards developing the Bécancour Lithium Refinery, with a focus on lithium carbonate production.
#ProactiveInvetsors #LithiumUniverse #ASX #JusttheFacts #LithiumRefinery #BécancourProject #FeasibilityStudy #LithiumCarbonate #LithiumProcessing #QuebecMining #ASXListed #LithiumConversion #SustainableMining #HatchLtd #LithiumIndustry #GlobalMining #RefineryDevelopment #MiningProjects #EngineeringStudy #BatteryMetals #CostEffectiveMining #SupplierPricing #MiningMilestones
01:3524/10/2024
AuKing Mining completes purchase of Grand Codroy Uranium Project
AuKing Mining Ltd (ASX:AKN) managing director Paul Williams joins Proactive’s Tylah Tully to discuss the company’s completed acquisition of the Grand Codroy uranium exploration project in Newfoundland, Canada.
The project is 50 kilometres north of Port aux Basques and covers 2,200 hectares. Notable historical uranium mineralisation includes samples with high uranium concentrations, such as 22,000 ppm uranium at Grand Codroy River and 595 ppm at Overfall Brook.
The project area has similarities to sandstone-hosted uranium districts in the western United States, known for low-cost in-situ recovery operations.
The mineral claim has significant exploration potential, as the region has largely been unexplored with modern techniques.
The acquisition terms include a cash payment of A$50,000 (deferred to November 30, 2024), the issuance of 21,428,571 AuKing shares, and further shares worth A$100,000, subject to shareholder approval.
Additionally, a 2% net smelter royalty is attached, with an option for AuKing to purchase 1% of the royalty for A$1 million.
AuKing plans to begin soil sampling before the Canadian winter, spurred by investor interest and positive regional results from other companies like Infini Resources Ltd.
#ProactiveInvestors #AuKingMining #ASX #UraniumExploration #GrandCodroyProject #Newfoundland #MineralExploration #CanadaMining #SandstoneUranium #InSituRecovery #InfiniResources #CopperSamples #UraniumSamples #MineralClaim #MiningAcquisition #ASXListed #SoilSampling #ExplorationPotential #UraniumMarket #MiningIndustry #CanadianMining #GrandCodroy #PortAuxBasques
05:5424/10/2024
Diversified Energy Secures Major Gulf Coast LNG Supply Deal, Ensuring Long-Term Financial Stability
Diversified Energy Company PLC CEO Rusty Hutson Jr. joined Steve Darling from Proactive to discuss the company’s latest milestone—signing a major supply agreement with a prominent Gulf Coast LNG facility. Under this new three-year contract, starting in November 2024, Diversified will provide approximately 40 billion cubic feet (Bcf) of natural gas, using a fixed pricing structure indexed to Gulf Coast prices.
Hutson emphasized the significance of this agreement, which supports global energy security at a time when trading partners are grappling with supply disruptions, geopolitical tensions, and rising regional demands. The contract underscores Diversified Energy’s reliability in natural gas production and operational efficiency, while offering the company another avenue to boost margins and ensure stable cash flows.
Furthermore, Hutson noted that the company has strategically capitalized on the recent strength of natural gas prices to expand its hedge portfolio for 2025 through 2027, with an average NYMEX hedge price of approximately $3.45 per MMBtu. This proactive approach ensures steady pricing and enhances the company's long-term financial performance, positioning it to navigate future market conditions effectively.
#proactiveinvestors #diversifiedenergycompanyplc #lse #dec 3nyse #dec
#LNGSupply #NaturalGas #EnergyMarket #RustyHutson #ProactiveInvestors #EnergyDeals #GulfCoastEnergy #LNGExport #GlobalGasSupply#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
03:1023/10/2024
M2i Global CEO Alberto Rosende Outlines Vision for a Strategic Mineral Reserve
M2i Global CEO Alberto Rosende joined Steve Darling from Proactive to discuss the company's ambitious mission to establish a strategic mineral reserve for the United States. This initiative aims to ensure a consistent supply of critical minerals that are vital for national defense and economic security.
In the interview, Rosende emphasized the importance of fostering public-private partnerships to create a resilient supply chain. He highlighted the pressing need to reduce reliance on foreign mineral processors, particularly from countries such as China and Russia. “What we want to be able to do is establish that strategic mineral reserve, to satisfy not only the demands of the defense industrial base but also the needs of the general economy,” Rosende explained.
The CEO also elaborated on M2i Global's joint ventures, including a recent collaboration with Lion Crest in Australia. This partnership focuses on utilizing innovative technologies to enhance mineral processing capabilities, which is crucial for achieving the company’s strategic goals. Rosende underscored that building this strategic reserve goes beyond securing supply; it’s also about fostering collaboration within the industry and driving innovation forward.
Through these initiatives, M2i Global aims to position the U.S. as a leader in critical mineral production, reinforcing both national security and economic resilience for the future.
#proactiveinvestors #m2iglobalinc #otcqb #mtwo
#CriticalMinerals #MineralSupplyChain #USDefense #StrategicMineralReserve #PublicPrivatePartnership #MineralInnovation #AlbertoRosende #ProactiveInvestors #EconomicSecurity#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
06:0323/10/2024
C3 Metals CEO Dan Symons on Khaleesi Copper-Gold Project Exploration
C3 Metals CEO Dan Symons joined Steve Darling from Proactive to share key updates on the company's ongoing exploration work at the Khaleesi copper-gold project in Southern Peru's Andahuaylas-Yauri Porphyry-Skarn belt. This project is an undrilled, outcropping copper-gold skarn and porphyry prospect, and recent surface mapping and sampling have highlighted several promising targets.
Symons explained that about 50% of the surface mapping is complete, with the program identifying prograde magnetite and retrograde garnet-diopside skarns over a 1,200m by 500m area. The mineralization includes both hypogene (chalcopyrite-bornite) and supergene (chrysocolla, malachite, azurite) minerals. Rock chip samples have returned impressive results, including up to 2.82% copper, 6.0 g/t gold, 57.7 g/t silver, and 284 ppm molybdenum, delineating a 600m by 600m anomalous copper zone.
In addition, the presence of elevated molybdenum and arsenic geochemistry in the marble suggests the potential for a porphyry system beneath the marbleized limestone. To advance the exploration, C3 Metals plans to conduct grid soil sampling, Induced Polarization (IP), and ground magnetic geophysical surveys to quickly bring the copper-gold targets to drill-ready status.
#proactiveinvestors #c3metalsinc #tsxv #cccm #otcqb #cuauf
C3 Metals CEO Dan Symons on Khaleesi Copper-Gold Project Exploration
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
03:3723/10/2024
PT Asset Management CEO Sean Dranfield Launches Innovative Performance Trust Total Return Bond ETF
PT Asset Management CEO Sean Dranfield joined Steve Darling from Proactive to announce the launch of the Performance Trust Total Return Bond ETF. Dranfield shared insights into the unique strategies his firm employs in bond management, particularly through their proprietary methodology known as Shape Management. This approach aims to rectify common shortcomings found in traditional bond metrics, which can often lead investors astray.
Dranfield pointed out that interest rates are notoriously unpredictable, and conventional metrics like yield and duration frequently fall short in providing accurate guidance. By leveraging Shape Management, PT Asset Management strives to establish a more dependable total return profile, even in the face of fluctuating interest rates.
During the conversation, Dranfield also highlighted the stark differences between the U.S. and European bond markets. He noted that European markets lack structured credit, an area where U.S. investors typically find resilience against rate sensitivity. This distinction makes the newly launched ETF particularly relevant for European investors, as it offers a pathway to achieve smoother returns.
“Bonds are mathematical instruments,” Dranfield stated, emphasizing that understanding their structure enables more accurate predictions of future bond prices. The partnership for the ETF in London represents an exciting opportunity to enhance investment strategies for European clients.
#proactiveinvestors #hanetf #PTAssetManagement #BondETF #TotalReturn #ShapeManagement #InvestmentStrategies #BondMarket #InterestRates #USInvesting #StructuredCredit #EuropeanInvestors #FinanceInterview
#investing #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
09:0923/10/2024
Immunic Therapeutics CMO Dr. Andreas Muehler on Positive Interim Analysis for RMS Trials
Immunic Therapeutics CMO Dr Andreas Muehler joined Steve Darling from Proactive to share exciting news with Proactive regarding the company’s phase 3 ENSURE program, which is investigating its lead asset, vidofludimus calcium (IMU-838), for treating relapsing multiple sclerosis (RMS). The company announced a favorable outcome of the interim futility analysis, conducted by an independent Data Monitoring Committee (IDMC), which recommended that the trials continue as planned, indicating that they are not futile.
Muehler highlighted that Immunic remains blinded to the data, but the IDMC’s recommendation aligns with the company’s initial assumptions regarding the design, relapse rate, and powering of the ENSURE trials. The committee's positive feedback supports the planned sample size and suggests that the trials are progressing in line with expectations, specifically concerning the primary endpoint of time to first relapse.
The ENSURE program consists of two identical phase 3 trials, ENSURE-1 and ENSURE-2, involving around 1,050 adult RMS patients. These randomized, double-blind studies are being conducted across more than 100 sites in over 15 countries, including the United States, India, and regions in Latin America, Central, and Eastern Europe. The trials are expected to be completed by 2026.
#proactiveinvestors #immunicinc #nasdaq #imux
#MultipleSclerosis #Phase3Trial #Biotech #MSResearch #ClinicalTrials #VidofludimusCalcium #MedicalResearch #Neurology #DrugDevelopment#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
05:2223/10/2024
Nova Minerals hits high-grade gold at RPM ahead of key resource update
Nova Minerals Ltd (ASX:NVA, OTCQB:NVAAF) CEO Christopher Gerteisen joins Proactive’s Tylah Tully to discuss significant gold intersections at RPM deposit within the Estelle Gold Project in Alaska, ahead of an updated mineral resource estimate.
Notably, the company intersected 29 metres at 7.1 g/t gold from surface, with high-grade sections including 3 metres at 32.2 g/t from 17 metres and 2 metres at 52.7 g/t from 19 metres.
These results support Nova’s plans to develop a starter mine at RPM, taking advantage of near-surface mineralisation for early cash flow.
All results from the 21-hole 2024 drilling program have been received, confirming high-grade mineralisation.
Other significant intersections include 28 metres at 4.5 g/t and 34 metres at 3.9 g/t from surface in separate drill holes. The company is now finalising an updated resource estimate, incorporating these results.
Nova Minerals is also advancing a pre-feasibility study for RPM, aiming to establish a low-cost, high-margin operation that will support broader development at Estelle, which contains additional mineral potential including gold, antimony, copper, and silver.
#ProactiveInvestors #NovaMinerals #ASX #OTCQB #GoldMining #EstelleGoldProject #AlaskaGold #RPMDeposit #BonanzaGold #HighGradeGold #GoldExploration #MiningUpdates #ResourceEstimates #MineralResources #PreFeasibilityStudy #GoldAssays #CriticalMinerals #Antimony #Copper #Silver #GoldIndustry #MiningNews #GoldInvesting #ASXNVA
05:0223/10/2024
Eclipse Metals out to meet demand for uranium and rare earths
Eclipse Metals (ASX:EPM) executive chairman Carl Popal joined Proactive’s Jonathan Jackson to talk about the company’s efforts to capitalise on the rising demand for uranium and rare earth elements.
He highlighted the work at the Devil's Elbow Prospect in Australia and the Ivigtût Project and Grønnedal Prospect in Greenland.
Popal discussed how Eclipse Metals is strategically positioned with 16 tenements in Australia's premier uranium region, the Alligator River Uranium Field in the Nothern Territory, which is known for high-grade uranium deposits.
He emphasized the structural advantages of the Devil's Elbow Prospect, including its alignment with significant geological features such as the Ranger Fault.
"The Devil's Elbow has delivered high-grade results, including up to 5.8% uranium, along with notable gold and platinum findings," said Popal.
In Greenland, Eclipse is advancing exploration at the Ivigtût Project, an area with more than 150 years of mining history. Recent drilling has yielded promising rare earth element (REE) results, with grades surpassing 6,800 ppm, making this a key part of the company’s portfolio as the world transitions towards cleaner energy solutions.
Popal also mentioned ongoing efforts to strengthen relationships with third-party collaborators to turn these prospects into commercially viable operations.
#ProactiveInvestors #EclipseMetals #ASX #UraniumMining #RareEarthElements #CleanEnergyTransition #GreenlandProject #DevilsElbowProspect #CarlPopal #AlligatorRiver #MiningInvesting #ProactiveStudio
11:2523/10/2024
Artemis Resources receives approval to drill at Lulu Creek
Artemis Resources Ltd (ASX:ARV, AIM:ARV, OTCQB:ARTTF) executive director George Ventouras joins Proactive’s Tylah Tully to discuss the approvals the company has received to begin drilling at the Lulu Creek prospect in the Pilbara region of Western Australia.
The drilling will target an Intrusive Related Gold System (IRGS), with mobilisation expected in the coming days. Approval follows heritage and ethnographic surveys conducted with the Ngarluma Aboriginal Corporation.
Previous shallow reverse circulation (RC) drilling at Lulu Creek in 2020 identified gold zones, with highlights including 1 metre at 4.89 g/t gold and 13.7 g/t silver from 24 metres.
Further exploration in 2023 revealed two chargeability anomalies aligned with these zones, offering promising targets for the upcoming drilling.
The drilling program is co-funded by the Western Australian Government's Exploration Incentive Scheme (EIS).
Lulu Creek, 20 kilometres from Artemis's Carlow Castle deposit, was first identified in 2018 and the company aims to expand on previous successful results.
Ventouras expressed excitement about starting drilling and acknowledged the support of the Ngarluma Aboriginal Corporation.
#ProactiveInvestors #ArtemisResources #ASX #GoldExploration #LuluCreek #PilbaraMining #NgarlumaCorporation #WesternAustralia #GoldDrilling #IRGS #MiningUpdate #ExplorationIncentiveScheme #CarlowCastle #QuartzVeins #GeophysicalSurveys #CopperExploration #LithiumExploration #MineralResources #WAExploration #GoldMining #MiningIndustry #DrillProgram
03:0023/10/2024
EP&T Global outlines growth strategy
EP&T Global Ltd executive director John Balassis sat down with Proactive’s Tylah Tully to talk about about the company’s commitment to reducing energy consumption and CO2 emissions.
EP&T Global is targeting the reduction of 1 million kilograms of CO2 annually, alongside saving customers US$20 million each year.
Balassis also shared insights into the company’s recent acquisition of Coda Cloud Ltd and how it aligns with their growth strategy in the UK and European markets.
Balassis highlighted, “The aim of our company is to not only reduce energy but reduce CO2.”
He emphasized how Coda Cloud’s technology enabled EP&T Global to serve industrial properties that often lacked centralized building management systems, such as data centers and telecommunications facilities.
The acquisition will enhance EP&T Global’s ability to optimize energy usage and reduce carbon footprints across these sectors.
In collaboration with FirstGroup PLC, Coda Cloud’s technology is already installed in 200 locations, with plans to expand into more than 20,000 bus and train stations across the UK.
This acquisition is projected to generate £250,000 in recurring revenue in its first year, contributing to EP&T Global’s ongoing path to profitability.
#ProactiveInvestors #EPTGlobal #AIM #ASX #CodaCloud #CO2Reduction #EnergyEfficiency #FirstGroup #UKRail #GreenTech #BuildingManagement #Sustainability #IndustrialEnergy
07:0123/10/2024
Astral Resources records 3 metres at 177 g/t gold at Kamperman
Astral Resources NL (ASX:AAR) managing director Marc Ducler joins Proactive’s Tylah Tully to talk through results from the company’s recent drilling campaign, which included a significant high-grade gold intercept of 3 metres at 177 g/t at the Kamperman prospect, part of the Feysville Gold Project in Western Australia.
This result is from the first 20 holes of a 31-hole reverse circulation (RC) drilling program.
Ducler commented on the unexpected high-grade results, which suggest the presence of substantial gold mineralisation yet to be fully explored.
Previous notable intercepts include 2 metres at 188 g/t gold from 77 metres. Recent assays show further promising results, including 12 metres at 7.26 g/t from 23 metres, with higher grades within the interval.
Hole FRC377 also returned positive results, including 12 metres at 1.96 g/t from 20 metres.
Kamperman remains open to the north following additional step-out holes that intersected gold. Future diamond drilling is planned to better understand these zones.
Astral's ongoing activities include additional drilling at other prospects, groundwater testing at Mandilla, and infill drilling at Iris and Theia.
#ProactiveInvestors #AstralResources #ASX #GoldExploration #KampermanProspect #WesternAustralia #HighGradeGold #MiningUpdate #FeysvilleProject #DrillResults #MarcDucler #Mineralisation #GoldAssay #RCDrilling #DiamondDrilling #GoldIntercept #MiningIndustry #ExplorationUpdate #ResourceEstimation #MandillaProject #GoldMining #InfillDrilling
02:5123/10/2024
Sipa Resources readies to drill at Paterson North and Skeleton Rocks
Sipa Resources Ltd (ASX:SRI) managing director Andrew Muir joins Proactive’s Tylah Tully to discuss the company’s preparations for a busy exploration period in the final part of this year.
Sipa has drilling scheduled across its key Western Australian projects, including the Paterson North Gold-Copper Project, where it plans to conduct reverse circulation (RC) drilling in November.
This program, targeting structural extensions at the Obelisk prospect, will include 11 RC holes totalling 2,000 metres.
Obelisk, a 1.2-kilometre zone of gold and copper anomalism, has yielded notable past results, such as 0.2 metres at 22.5 g/t gold and 2.0% copper.
Sipa has entered into a drill-for-equity agreement with Topdrill, allowing it to cover up to 30% of drilling costs via share issuance, further supporting its Paterson North efforts.
Additionally, aircore drilling will begin in December at the Skeleton Rocks Project, focusing on the Nicoletti trend, a 7.5-kilometre magnetic stratigraphy zone. Previous drilling has returned anomalous nickel, cobalt and chromium values.
The company remains optimistic about exploration potential, especially with recent M&A activities in the Paterson region.
#ProactiveInvestors #SipaResources #ASX #PatersonNorth, #SkeletonRocks, #GoldExploration, #NickelExploration, #CopperExploration, #WesternAustralia, #ASX, #MiningProjects, #ObeliskProspect, #DrillingCampaign, #GoldCopperAnomalism, #MineralExploration, #Topdrill, #EquityDeal, #MergersAndAcquisitions, #AircoreDrilling, #ReverseCirculationDrilling, #ExplorationUpdate, #MiningNews
03:0323/10/2024
TG Metals has eyes on being low-cost lithium producer
TG Metals Ltd (ASX:TG6) CEO David Selfe joins Proactive’s Tylah Tully to discuss the company's exploration efforts in Western Australia.
Selfe shared insights on the Lake Johnston Project, where TG Metals holds the largest land position.
Initially focused on nickel, the company shifted towards lithium exploration after the discovery of the Burmeister deposit in 2022.
Selfe highlighted the company's success in producing a 6.3% lithium concentrate from metallurgical test work and its ongoing efforts towards a maiden resource at the Burmeister deposit.
“Currently we're sitting on a fairly modest enterprise value of around about $6 million, which doesn't really show the value of our projects,” Selfe noted, pointing to upcoming milestones in 2024, including the flotation test results and additional drilling.
TG Metals aims to be a low-cost lithium producer by focusing on open-pit resources and minimizing processing costs.
Investors can expect further drilling activities at the Jagermeister deposit and continued efforts towards feasibility studies.
#ProactiveInvestors #TGMetals #ASX #LithiumExploration #LakeJohnston #LithiumMining #BurmeisterDeposit #WesternAustraliaMining #MineralResources #LowCostProduction #MetallurgicalTestResults #JagermeisterDeposit #MiningInvestments #ProactiveInvestors
08:3423/10/2024
Just the facts: Strickland Metals extends gold mineralisation at Horse Well
Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Strickland Metals Ltd (ASX:STK).
It has announced progress in exploration at the Horse Well Gold Camp, part of the Yandal Gold Project in Western Australia. Recent drilling has identified high-grade plunging shoots and extended mineralisation along strike and at depth.
At the Bronco Gold Deposit, drilling revealed two high-grade zones, with key results including 18.5 metres at 1.7 g/t and 16 metres at 1.2 g/t gold. The bulk-tonnage potential of Bronco was further supported by an interval of 62.3 metres at 0.9 g/t, including 3.1 metres at 3.0 g/t from 114 metres.
At the Marwari Deposit, high-grade mineralisation was confirmed with 12 metres at 5.4 g/t. Step-out drilling extended the strike length by 260 metres, with a significant result of 28 metres at 1.0 g/t.
The company’s latest assays contribute to a growing picture of a large-scale gold system at Horse Well. Strickland Metals is working on an updated mineral resource estimate, expected in the second quarter of 2025.
#ProactiveInvestors #StricklandMetals #ASX #GoldExploration, #HorseWellGoldCamp, #YandalProject, #BroncoDeposit, #MarwariDeposit, #GoldMining, #WesternAustralia, #HighGradeGold, #MineralResourceEstimate, #StepOutDrilling, #GoldMineralisation, #MiningNews, #ExplorationUpdate, #PreciousMetals, #BulkTonnageTarget, #GoldInvesting, #2025MRE, #GoldDiscovery, #MiningExploration
01:4123/10/2024
Evolution Energy Minerals moves toward FID for Chilalo Graphite Project
Evolution Energy Minerals Ltd (ASX:EV1) non-executive director Craig Moulton sits down with Proactive’s Tylah Tully to discuss progress toward a Final Investment Decision (FID) for the Chilalo Graphite Project in Tanzania following a review of the updated definitive feasibility study (DFS).
The review confirmed the economic soundness of the DFS, with opportunities for cost and operational improvements.
These include potential use of the nearby Mtwara Port, integrating gas and solar power solutions and exploring Pure New World's patented tailings encapsulation technology to turn mining waste into geo-stable building material, offering environmental benefits.
The company is also advancing its search for a new CEO and is focusing on site preparations, including roadworks and layout designs.
Exploration activities are ongoing, with follow-up work on areas identified during the 2023 drilling campaign, including potential resource expansion at the Chilalo East prospect.
Additionally, the company is exploring a copper anomaly on its tenement, with further exploration planned at the Chikundu prospect to assess its potential. These developments are aligned with Evolution's efforts to make the Chilalo project construction-ready.
#ProactiveInvestors #EvolutionEnergy #ASX #GraphiteProject #ChilaloProject #MiningInnovation #FID #FeasibilityStudy #SustainableMining #TanzaniaMining #CopperExploration #TailingsRecycling #SolarPower #MtwaraPort #CEOAppointment #ResourceExpansion #ChilaloEast #MiningDevelopment #CopperAnomaly #ChikunduProspect #MineralResources #EcoFriendlyBuilding
06:3323/10/2024
ONAR CEO Claude Zdanow on Strategic Growth and New Partnership
ONAR CEO Claude Zdanow joined Steve Darling from Proactive to share exciting updates with Proactive, emphasizing the company's significant milestones over the past three years. Key developments include a reverse merger with Reliant Holdings, Inc., several strategic acquisitions, and a new partnership with telecommunications leader iQSTEL. These moves reflect ONAR's ambitious vision and the experienced team driving its rapid growth.
Zdanow highlighted that ONAR, a network of specialized marketing agencies, has grown to nearly 50 employees across five continents. The company is aggressively expanding its team and acquisition pipeline to support its burgeoning client base, which spans over 45 clients across industries. ONAR’s focus is on servicing companies with revenues ranging from $50 million to over $1 billion.
ONAR's new partnership with iQSTEL has also been a major highlight. This collaboration showcases ONAR’s expertise in tech-driven marketing, as they work on creating compelling brand assets that help iQSTEL and its subsidiaries, specializing in telecommunications and fintech, reach new heights. ONAR's ongoing expansion reflects its strategy to become a global leader in marketing solutions through strategic acquisitions and partnerships.
#proactiveinvestors #onar #otcqb #relt #storia
#TelecomPartnership #GrowthStrategy #BusinessAcquisitions #MiddleMarket #iQSTEL #DigitalTransformation #MarketingInnovation #ProactiveInterview
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
04:1722/10/2024
Wedgemount Resources CEO Mark Vanry on Texas Oil and Gas Operations Update
Wedgemount Resources CEO Mark Vanry joined Steve Darling from Proactive to share progress on the company's west-central Texas oil and gas operations, following the acquisition of the Huggy asset and its concurrent financing. The company has made significant strides, increasing the number of active wells from 23 to 72 across the Echo and Novice fields, the core of the Huggy assets. Wedgemount’s operations team has been focused on optimizing wells and upgrading surface facilities, especially at the Echo operating unit, where surface processing improvements and enhancements on six producing wells have been completed. Additionally, one production well at Novice has been repaired and brought back online.
Vanry further noted that in October, the company plans to deploy a second workover rig and crew to the Echo and Novice units. The team aims to optimize an additional 10 wells during the month, ramping up production and sales before the U.S. holiday season. Wedgemount anticipates some variability in the number of active production wells for the remainder of 2024 due to ongoing work on wells and surface infrastructure upgrades.
He also shared optimism about the global oil demand forecast, citing potential growth to 110 million barrels per day by 2030. Wedgemount is positioning itself to capitalize on these trends, with ongoing plans to ramp up production and optimize its assets.
#proactiveinvestors #wedgemountresourcescorp #cse #wdgy #otcqb #wdgrf
#OilAndGas #TexasOil #PermianBasin #HuggyAsset #EnergyGrowth #MarkVanry #ProactiveInvestors #OilIndustry #TexasEnergy #NaturalGas
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
05:4322/10/2024
Andean Precious Metals CFO Juan Carlos Sandoval on Growth Plans and Diversification Strategy
Andean Precious Metals CFO Juan Carlos Sandoval joined Steve Darling from Proactive from our OTC studio in New York City about the company’s recent acquisition of the Golden Queen gold mine in California, which produces 60,000 ounces of gold annually. Sandoval emphasized the mine’s significant exploration potential, with the company investing $20 million in capital expenditures (CapEx) to enhance operations. This investment includes fleet replacements and exploration efforts aimed at improving the mine’s overall output.
In addition to expanding operations in California, Sandoval highlighted the company’s strategic decision to diversify beyond Bolivia, where it operates a processing facility handling third-party ore. This move is part of a broader effort to reduce risk and increase focus on the North American market, while still benefiting from Bolivia's robust silver production. "Bolivia has been great for us, but diversifying into the U.S. was necessary for our investors," Sandoval stated.
Looking forward, Andean Precious Metals aims to grow by optimizing its current operations and exploring additional resources at Golden Queen. With strong commodity prices, no debt on its balance sheet, and a solid financial position, the company is well-positioned for continued success in the mining sector.
#proactiveinvetors #andeanpreciousmetalscorp #tsxv #apm #otcqx #anpmf
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
05:4022/10/2024
Giyani Metals Corp CEO Charles FitzRoy on Demo Plant Commissioning and Progress
Giyani Metals Corp CEO Charles FitzRoy joined Steve Darling from Proactive to provided an exciting update on the company's Demo Plant, which is advancing towards the commissioning phase. Key milestones include the successful commissioning of the steam boiler, air supply system, and demineralized water plant, as well as the installation of the Yokogawa Distributed Control System, which powers the control room. The DCS is crucial for operating the Demo Plant as a continuous process flow, rather than batch operations, marking a significant step forward in the production of battery-grade manganese.
FitzRoy highlighted that the Demo Plant remains on track for commissioning and production of up to 600 kg per day of High-Purity Manganese Sulphate Monohydrate by Q4 2024. The continuous process flow is a strategic advantage, ensuring steady-state operations that consistently meet the product specification required by offtake partners. HPMSM produced will be tested and qualified by these partners, and the installation of an ISO-certified independent laboratory is underway to ensure product quality and consistency.
This facility will not only optimize production processes but also refine the engineering design and reduce both operating costs and carbon footprints. The Demo Plant is key in Giyani's efforts to secure offtake agreements and is running in parallel with the company’s Definitive Feasibility Study, slated for completion in 2025. The company plans to keep the market updated as the Demo Plant progresses through commissioning and production phases.
#proactiveinvestors #giyanimetalscorp #tsxv #emm #charlesfitzroy #mining
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
03:5222/10/2024
Genflow Biosciences CEO Dr. Eric Leire on Major Financial Support for GF-1002 Development
Genflow Biosciences Plc CEO Dr. Eric Leire joined Steve Darling from Proactive to share news the company has announced it has secured €4,026,525 in non-dilutive financial support from the Wallonia region, which will aid in the development of Genflow’s lead gene therapy, GF-1002. This therapy is being developed for the treatment of Metabolic Associated Steatohepatitis (MASH), a severe liver disease. The Wallonia region's financial backing demonstrates the recognition of Genflow's pioneering work in gene therapy.
Dr. Leire explained that the support includes a non-reimbursable research grant covering 70% of Genflow’s research expenses and a recoverable advance funding 55% of the development costs, which will be repaid upon the commercialization of GF-1002. This funding is expected to cover three years of development, and Genflow plans to secure the remaining funds required to fulfill its share of the project over this period. This marks a significant step forward in the fight against MASH, as the company progresses towards bringing a potential new treatment to market.
#proactiveinvestors #genflowbioscienecesplc #lse #genf #otcqb #genff
#GenflowBiosciences #MASH #GF1002 #ClinicalTrials #BiotechFunding #LongevityScience #WalloniaRegion #GMP #Biopharma
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
04:2722/10/2024
Rainbow Rare Earths Reports Strong Progress at Phalaborwa Project, Eyes Market Expansion
Rainbow Rare Earths CEO George Bennett joined Steve Darling from Proactive to share updates on the company’s impressive progress for the year ended June 30, 2024. Pilot operations at the Phalaborwa Rare Earths Project in South Africa have successfully produced two valuable products: a mixed rare earth carbonate and separated neodymium and praseodymium oxide with a purity of around 96%. This breakthrough marks the first commercial recovery of rare earth elements from phosphogypsum, a byproduct of phosphate mining.
With the process for separating neodymium and praseodymium nearing optimization, the company will shift its focus to separating other rare earth elements such as dysprosium and terbium, crucial for the production of green energy technologies like electric vehicles and wind turbines.
Rainbow also announced talks with potential off-takers (end users), a key step toward securing project financing for the Phalaborwa operation, which is slated for opening in 2027. This announcement follows the receipt of a $50 million investment proposal from the US International Development Corporation and a royalty and placement agreement with mining fund Ecora, strengthening the company's financial position.
Rainbow maintains a healthy cash reserve of $9.7 million. The Phalaborwa project holds 35 million tonnes of mineral resources with a concentration of 0.44% total rare earth oxides (TREO), making it a vital asset in the growing global demand for rare earths. The market for rare earth permanent magnets, driven by green energy technologies, has doubled since 2020, with demand expected to continue rising by 7% annually over the next decade.
#proactiveinvestors #rainbowrareearthslimited #lse #rbw #otc #rbwrf
#RainbowRareEarths #PhalaborwaProject #RareEarthsSeparation #GeorgeBennett #EnergyTransition #RareEarthOxides #SustainableMining #CriticalMinerals #RareEarthMetals #TechMet #ProactiveInvestments#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
06:1922/10/2024
Vivos Therapeutics Secures FDA Clearance for Pediatric OSA Device, secures new AMA CPT Codes
Vivos Therapeutics CEO Kirk Huntsman joined Steve Darling from Proactive to discuss significant milestone with the FDA clearance of their oral appliance for treating obstructive sleep apnea (OSA) in children aged 6 to 17, particularly those requiring orthodontic treatment. This marks the first time an oral appliance has been approved for treating moderate to severe OSA in this pediatric group.
Huntsman pointed out that around 20% of children in this age range suffer from OSA or related sleep disorders, which can lead to serious developmental and behavioral challenges like stunted growth, attention problems, and reduced IQ. The new device offers an alternative to traditional treatments such as surgery, which often fail to provide lasting results.
In addition to this milestone, Vivos Therapeutics has also achieved another regulatory victory, securing new CPT medical codes from the American Medical Association (AMA) for all Vivos CARE oral medical devices. These codes, set to take effect on January 1, 2025, will make OSA treatments more accessible and affordable by improving the exchange of standardized information in healthcare. This approval comes after Vivos had earlier gained Medicare coverage for their devices, further expanding the availability of their treatment to children.
With the new CPT codes, Vivos aims to enhance patient care, outcomes, and reduce costs, positioning the company to significantly expand its mission of making OSA treatments more widely available across the U.S.
#proactiveinvestors #vivostherapeuticsinc #nasdaq #vvos #sleepapnea#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews #PediatricOSA #SleepApneaTreatment #KirkHuntsman #FDAApproval #HealthcareInnovation #ChildrensHealth #ObstructiveSleepApnea #MedicalBreakthrough #OrthodonticCare #ProactiveInvestors #HealthTech
06:3522/10/2024
U.S. Global Investors CEO Frank Holmes on Airline Industry Growth and Opportunities
U.S. Global Investors CEO Frank Holmes joined Steve Darling from Proactive to share insights on the airline industry’s performance and future potential during an interview with Proactive. Highlighting the rebound in airline stocks, particularly through the Jets ETF, Holmes emphasized the strong revenue growth seen across the industry. Even with recession concerns, ticket prices have remained high, suggesting sustained demand.
Holmes also discussed strategic moves within the sector, such as United Airlines' stock buyback and Elliott Management’s investment in Southwest Airlines, reflecting strong investor confidence. He noted that airline stocks continue to trade at a significant discount relative to the broader market, despite record travel numbers. According to Holmes, this positions the industry for potential upside in terms of both revenue and cash flow.
The Jets ETF, which provides exposure to global airlines and even airports, offers investors a unique opportunity to tap into the ongoing growth of the airline industry.
#proactiveinvestors #usglobalinvestorsinc #nasdaq #grow #etf #jets #travel #colombia #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
04:3622/10/2024
Ananda Developments' Medicines to be Tested in Groundbreaking Epilepsy Trials
Ananda Developments Finance Director Jeremy Sturgess-Smith joined Steve Darling from Proactive to announce significant advancements for the company. Two of Ananda’s patent-pending cannabinoid medicines, MRX2 and MRX2T, will be used in two Phase IIIa epilepsy clinical trials, co-funded by the National Institute for Health and Care Research (NIHR) and the NHS. The trials, conducted by investigators at University College London and Great Ormond Street Hospital, will involve up to 500 patients and represent the world’s first double-blind randomized controlled trials to investigate the combined use of cannabidiol (CBD) and tetrahydrocannabinol (THC) for epilepsy. These will also be the first to evaluate such treatments for both children and adults with difficult-to-treat epilepsies.
Sturgess shared that the MRX formulations will serve as the investigational medicinal products for these ground-breaking trials, which aim to support a marketing authorization application for MRX2 and MRX2T. Should the trials yield positive results, Ananda plans to advance further regulatory and commercial development activities for these medicines.
The trials will assess the safety and efficacy of the specific cannabidiol and CBD plus THC formulations in patients suffering from two forms of treatment-resistant epilepsy. Favorable results could pave the way for submission to the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) and other regulatory bodies, moving Ananda one step closer to introducing innovative cannabinoid treatments for epilepsy.
#proactiveinvestors #anandadevelopmentsplc #aqse #ana
#EpilepsyResearch #CannabinoidMedicine #ClinicalTrials #CBDTherapy #PharmaInnovation #NIHR #Healthcare #EpilepsyTreatment#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
03:2622/10/2024
Sunstone Metals reveals maiden gold-copper resource at El Palmar
Sunstone Metals Ltd (ASX:STM) managing director Patrick Duffy joins Proactive’s Tylah Tully to discuss the maiden mineral resource estimate (MRE) for the El Palmar gold-copper porphyry project in northern Ecuador.
The initial estimate from the T1 deposit records 1.2 million ounces of gold equivalent (AuEq), establishing a solid foundation for future exploration. The resource is at surface level and suitable for open-pit mining.
T1 deposit contains 64 million tonnes of ore with a grade of 0.60 g/t AuEq, including 0.41 g/t gold, 0.13% copper and 0.7 g/t silver. The MRE was derived from 17,699 metres of drilling.
Sunstone Metals has also set an exploration target of 1.0 to 1.2 billion tonnes with the potential for 10 to 27 million ounces of gold and 1 to 3.7 million tonnes of copper.
Duffy emphasised the potential for El Palmar to join the ranks of Tier-1 deposits, with similarities to Solgold's Cascabel Alpala and Codelco's Llurimagua deposits in the same region.
Early-stage testing shows favourable recovery rates, with gold recovery at 90% and copper at 78%. Ongoing drilling and discussions with strategic partners aim to unlock further value from the project.
#ProactiveInvestors #SunstoneMetals #ASX #ElPalmar #GoldCopper #PorphyryProject #MiningExploration #MineralResource #Tier1Discovery #EcuadorMining #OpenPitMining #ExplorationTarget #MetallurgicalTesting #GoldPrices #CopperMining #StrategicPartners #ResourceExpansion #MRE #GoldCopperDiscovery #MiningPotential #PorphyryDeposit #MineralExploration
02:5922/10/2024
Firebird Metals' rotary kiln tests result in low-cost, energy-efficient manganese sulphate
Firebird Metals Ltd (ASX:FRB, OTC:FRBMF) managing director Peter Allen joins Proactive’s Tylah Tully to discuss successful trials using a pilot-scale calcining rotary kiln at the Hunan Firebird Battery Technologies Plant, Hunan Province, China.
The trials demonstrate significant energy savings, supporting Firebird's efforts in producing low-cost, high-purity manganese sulphate for lithium manganese iron phosphate (LMFP) batteries.
The self-developed electrical rotary kiln showed a 70% reduction in energy consumption, using 80-100 kWh per tonne compared to more than 300 kWh for conventional kilns. This leads to cost reductions of approximately US$30 per tonne, or 5% of total production costs.
The testing was conducted in partnership with Sunward, a Chinese rotary tunnel kiln producer, who co-funded the energy-saving calcining unit.
The kiln, installed at the Jinshi High-Tech Industrial Park, is scalable and is expected to deliver further savings as production expands.
Firebird aims to improve its cost profile while progressing towards full-scale production with potential for the kiln to be used in other industries.
The company has begun designing higher temperature kilns for applications such as lithium spodumene processing and has initiated international patenting of its kiln technology.
#Proactiveinvestors #FirebirdMetals #ASX #ManganeseSulphate #BatteryTech #EnergyEfficiency #RotaryKiln #CostReduction #SustainableMining #ChinaManufacturing #LMFPBatteries #PilotKiln #Sunward #CalciningTechnology #IndustrialProduction #BatteryMaterials #HighPurityManganese #MiningInnovation #MineralProcessing #KilnTechnology #LithiumSpodumene #PatentPending
05:0222/10/2024