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Australia

Nanoveu shares soar as antiviral product sales accelerate across multiple geographies

Nanoveu Ltd (ASX:NVU) has soared after secured new sales for its B2B antiviral film and antiviral mobile phone protection product with a combined value in excess of A$250,000. The accelerating sales activity, including a maiden shipment of antiviral film product to Vietnam, is being driven by Nanoveus recently appointed distribution partners and the increasingly broad number of applications for its products. This growth also validates the effectiveness of Nanoveu's antiviral protection product for increasing applications. Investors responded positively to the news with shares up as much as 55% to 8.9 cents intra-day. “Expanding into new markets”[hhmc] Nanoveu executive chairman and CEO Alfred Chong said: “Nanoveu is continuing to make strides to build up its order book and list of distributors. “It is pleasing to see the various applications which the technology is being used for as well as the growing list of international partners. “We are very excited to add another major..

Australia

Tietto Minerals hits 134.48 g/t within 4 metres at 35.08 g/t at AG ahead of Abujar resource update

Tietto Minerals Ltd (ASX:TIE) has hit up to 134.48 g/t gold within 4 metres at 35.08 g/t in drilling at Abujar-Gludehi (AG) deposit within the Abujar Gold Project in Côte dIvoire, West Africa, demonstrating the mineralised system's potential for continued growth. These strong results within a 21-metre intersection at 7.34 g/t from 173 metres precede a resource estimate update for the 2.2-million-ounce Abujar project . This is on schedule to be delivered in the middle of next month following completion of a 61,000-metre drill program with a pre-feasibility study (PFS) for the project on-track for the first quarter of 2021. Another positive new result from the program is 7 metres at 2.36 g/t from 208 metres. Developing open-pittable resource[hhmc] Managing director Caigen Wang said: “This is a good result from section line 25B that further confirms the potential of our high-grade AG deposit where we expect to be able to develop an open pittable resource. “We will soon receive a..

Australia

Kingston Resources on-track to complete Misima Gold Project PFS next quarter

Kingston Resources Ltd (ASX:KSN) is moving rapidly towards completing a pre-feasibility study (PFS) for its flagship Misima Gold Project in Papua New Guinea in the next quarter. The PFS is advancing on schedule and has achieved 60% design completion with process plant design complete while engineering and cost estimation is progressing. Historical operating data, metallurgical test-work and geotechnical plans have provided considerable cost and time advantages to the PFS and significantly de-risk future development. An ore reserve is also expected to be delivered by the end of the year, subject to the results of the PFS. Benefitting from historical data[hhmc] Kingston managing director Andrew Corbett said: “The Kingston team is making excellent progress on the Misima Gold Project PFS. “We are fortunate to be able to benefit from the extensive historical datasets we have available, which provide a meaningful technical de-risking of the proposed project development. “Focusing on th..

Australia

European Lithium wins hotly contested ballot to secure ground with iron ore resource and strong conglomerate gold potential

European Lithium Limited (ASX:EUR) (FRA:PF8) (NEX:EUR) (VSE:ELI) has won a landmark ballot to secure a strategic tenement in the same region of North West Western Australia that hosts the recent gold discoveries of De Grey Mining Limited (ASX:DEG) (OTCMKTS:DGMLF), Artemis Resources Ltd (ASX:ARV) (OTCMKTS:ARTTF) and Novo Resources Corp (CVE:NVO) (OTCMKTS:NSRPF). In a strongly contested ballot with 14 applicants, EUR secured the newly created tenement E47/4144 of approximately 130 square kilometres which surrounds the Chinese-owned Mt Anketell iron deposit. As well as hosting a JORC 2004-compliant iron ore resource of 1.56 billion tonnes grading 31.2% iron, there is strong potential for conglomerate gold discoveries owing to the success of others in the region. “Massive win for company”[hhmc] In describing the ballot victory as a massive win for the company, EUR chairman Tony Sage said the existing iron ore resource and potential for extensions was supported by gold prospectivity. Wi..

Australia

Australian Vanadium seeks to extend ground position at Coates Nickel-Copper-PGE Project collaboration

Australian Vanadium Ltd (ASX:AVL) aims to extend the ground position at the Coates Nickel-Copper-PGE Project collaboration with Lithium Australia NL (ASX:LIT) and Mercator Metals Pty Ltd through two new tenement applications. The new applications will increase the area by 52.6 square kilometres to 111.6 square kilometres and strengthen the potential of Coates, which lies 29 kilometres SSE of the Julimar nickel-PGE discoveries by Chalice Gold Mines (ASX:CHN). The applications cover chrome anomalism in pisolite geochemistry to the east and extend the landholding north of a platinum and palladium anomaly identified from bottom of hole geochemistry drill holes reported by LIT. Ground is sought after[hhmc] AVL managing director Vincent Algar said: “The results from AVLs geological compilation of the historical Coates Project data, in addition to recently released coincident nickel-copper-PGE soil anomalism on adjacent LIT ground, strongly supports the value of this ground in the search f..

Australia

European Metals hires Germanys SMS Group for Cinovec projects FEED study

European Metals Holdings Ltd (LON:EMH) said it has hired SMS Group Process Technologies GmbH as lead engineer at the Cinovec project in Czech Republic. SMS will be working on the minerals processing and lithium battery-grade chemicals production, to provide a complete Front-End Engineering Design (FEED) study for Cinovec. The FEED is a key component in the ongoing workstreams for the mine projects definitive feasibility study. Under the agreement, SMS will design the full process integration, from the receipt of ore to the underground crusher to the delivery of finished battery-grade lithium chemicals product. It will encompass both the lithium process flowsheet and additionally a tin/tungsten recovery circuit. READ: European Metals is lifting up Cinovec lithium resources[hhmc] It is intended that the FEED will deliver a binding fixed price lump sum turnkey EPC contract, with associated process guarantee and product specification guarantees. European Metals said it expects that th..

Australia

Animoca Brands to bring MotoGP™ and Star Girl to Flow blockchain

Animoca Brands Corporation Ltd will bring its mobile game franchise Star Girl and the upcoming blockchain game based on MotoGP to the Flow blockchain as part of an expanded partnership with Dapper Labs. The Star Girl franchise is a series of mobile fashion role-playing games while MotoGP is the oldest motorsports championship in the world. Flow is a next-generation blockchain being developed to deliver optimised gaming and entertainment experiences, and also provides payment rails for credit cards and cryptocurrency for consumers. Flow blockchain[hhmc] Animoca co-founder and chairman Yat Siu: “We are excited and honoured to collaborate with Dapper Labs and the Flow blockchain to address the challenge of mass adoption for blockchain gaming and NFTs. “We look forward to bringing the REVV community and the Flow community closer together as we continue to develop our partnership.” The company believes that Flow offers a powerful solution for handling the computation and transaction th..

Australia

Salt Lake Potash ramping up development of Lake Way SOP Project to meet first production in Q1

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) is going “gangbusters” with the development of its Lake Way SOP Project in Western Australia, according to chief executive officer Tony Swiericzuk. He recently told Proactives Andrew Scott: “We are 60% completed at the project and that percentage is ticking up every couple of days so theres lots and lots going on up there. “Total committed procurement is well over 90%, our concreting on site is also well over 90% and nearing completion and the steel structure is being completed. “Its all moving along at a rapid rate of knots and were seeing visual progress every day.” All permanent buildings are now on-site and installed, including the permanent village, construction village, warehouse, workshop, administration, reagents, laboratory, ablutions, crib rooms and 4G communications. Process plant tank fabrication is nearing completion. On lake infrastructure[hhmc] The development of on-lake infrastructure continues to progress w..

Australia

European Lithium raises A$2.1 million for Wolfsberg project as EU kick-starts plan to build battery supply chain

European Lithium Limited (ASX:EUR) (FRA:PF8) (NEX:EUR) (VSE:ELI) has completed a A$2.1 million share placement to progress its Wolfsberg Lithium Project in Austria. The placement was strongly supported by a number of existing shareholders and new sophisticated and professional investors and investment funds. Funds raised will be applied to metallurgical test-work of bulk samples from Wolfsberg to qualify product specifications for offtake partners and end-use applications in support of EURs definitive feasibility study (DFS). Action plan on critical raw materials[hhmc] EURs strategy to serve Europes pursuit of a cleaner and greener energy future has been enhanced by a strategic engagement with Talaxis Limited and subsequent appointment of Kimon Gkomozias as executive director to lead its development strategy in Europe. This will assist EUR tap into the European Battery Alliance network, which is estimated to be worth EU250 billion from 2025 onwards. Gkomozias said: “The European U..

Australia

Vital Metals signs term sheet to negotiate construction of Canadian rare earth extraction plant

Vital Metals Ltd (ASX:VML) has signed a binding term sheet with Saskatchewan Research Council (SRC) to negotiate definitive agreements for the construction and operation of a rare earth extraction plant in Saskatoon, Canada, to produce mixed rare earth carbonate products. Last month, the government of Saskatchewan and the SRC announced a C$31 million funding package for the construction of Canadas first rare earth processing and separating facility in Saskatoon. Vitals proposed rare-earth extraction plant is planned to be adjacent to SRCs separation plant, which will convert mixed rare earth carbonate to commercial grade-separated rare earth oxides SRCs facility will require mixed rare earth carbonate product for separation making Vital a likely customer. Important milestone[hhmc] Vital Metals managing director Geoff Atkins said: “The signing of this term sheet with SRC marks an important milestone for Vital and the development of the Nechalacho project. “Whilst the definitive agr..

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