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Australia

archTIS set to become global-leading information security company in 2021 after transformational 2020

archTIS Ltd (ASX:AR9) is set to establish itself as a global-leading information security company in 2021 after a transformational year in 2020 with the launch of its Kojensi software platform. Described as a “defining year” focused on establishing product-market fit and associated sales opportunities, the company has been extremely busy with the launch of the highly secure and trusted platform for sharing sensitive and classified files and document collaboration. Opportunities for continued growth[hhmc] Chairman Miles Jakeman said: “With product-market fit now being established and the veracity of the underlying technology proven, there are many opportunities to continue growing the archTIS business in public and private markets. “We expect growth to be organic and from selected merger and acquisition opportunities should they arise.” Solid sales pipeline[hhmc] The Kojensi software platform has made inroads into the target government market, with high-profile client wins include t..

Australia

Itaconix says orders pick up after pandemic shock

What Itaconix does Itaconix PLC (LON:ITX) makes speciality polymers that are used in a wide variety of products, ranging from paints through washing liquids to mascara. Its core technology was developed by a US company, called Itaconix Corporation, that it acquired in June 2016. At the time of that purchase, the AIM-listed firm was known as Revolymer PLC, a company that had polymer technologies of its own as well as a nicotine gum business that it sold off to Danish firm Alkalon. On March 1, 2017, the company changed its name to Itaconix. Brands Most of its products are bio-based, being derived from itaconic acid, which in turn is taken from corn starch, so the products are sustainably sourced, helping its customers improve the sustainability of their own consumer products. Some of the brands under Itaconixs banner include Itaconix CHT, a water conditioner for binding calcium that replaces banned phosphates; RevCare NE, a bio-based hair-styling polymer; and Eureco RP103, a product..

Australia

Kingwest Resources completes $4.3 million capital raising to boost gold exploration

Kingwest Resources Ltd (ASX:KWR) has completed a fully underwritten non-renounceable 1-for-5 entitlement offer at an issue price of 13.5 cents per share to raise $3.3 million as part of a $4.3 million capital raising. In addition to the new shares under the offer, the company has received firm commitments from professional and sophisticated investors to place a further 7,407,407 shares on the same terms as the offer to raise an additional $1 million to institutional and sophisticated investors. The company welcomes new domestic and international institutional shareholders to its register through the placement. Placement shares are expected to be issued on or about September 24, 2020. To fund drilling programs[hhmc] Post completion of the placement and the funds raised through the offer and recent sale of Goongarrie Lady, the company will be well-funded for its upcoming drilling programs in Western Australia. Proceeds will be primarily used for accelerating exploration as well as d..

Australia

Bardoc Gold takes major strides towards goal of becoming mid-tier gold producer

Bardoc Gold Limited (ASX:BDC) (FRA:4SF) has achieved or exceeded all of its targeted milestones and is taking further major strides towards its goal of becoming a mid-tier gold producer. The company said the coming 12 months were set to be pivotal with multiple workstreams progressing to move the company towards first gold production by the end of the next calendar year. “Pivotal period”[hhmc] Despite the wild fluctuations in global markets and the onset of the COVID-19 pandemic, the pre-feasibility study has cemented the status of its flagship asset as one of the best-undeveloped gold projects in Australia. Chairman Tony Leibowitz said: “This timeline suggests that the coming 12 months are set to be a pivotal period in Bardoc Golds development, with multiple workstreams progressing to move the company towards first gold production by the end of next calendar year.” The company is in a very strong position with cash reserves of more than $35 million as it transitions from an explor..

Australia

Kazia Therapeutics to collaborate with Dana-Farber Cancer Institute in paxalisib clinical trial for primary CNS lymphoma

Kazia Therapeutics Ltd (ASX:KZA) (NASDAQ:KZIA) is collaborating with Dana-Farber Cancer Institute (DFCI) in the US to investigate the use of Kazias investigational new drug paxalisib (formerly GDC-0084) in primary central nervous system lymphoma (PCNSL). DFCI will initiate an open-label phase II clinical trial of paxalisib in PCNSL and this study is expected to recruit up to 25 patients, taking up to two years to complete. This study will be the sixth ongoing clinical trial of paxalisib in brain cancer and Kazia will provide support including study drug and a financial grant. Kazia chief executive officer Dr James Garner said: “This is an exciting new opportunity for the paxalisib program. “We are delighted to support the team at Dana-Farber to explore the potential for paxalisib to benefit patients with PCNSL. “Dana-Farber is one of the worlds leading centres of excellence in this disease, so we are immensely fortunate to be working with them. “We are pleased also to see a new a..

Australia

Auroch Minerals has drill spinning at new Firefly and Sinclair North prospects of Leinster Nickel Project

Auroch Minerals Ltd (ASX:AOU) has begun reverse circulation drilling at the recently acquired Firefly and Sinclair North prospects within the Leinster Nickel Project in Western Australia. The 1,000-metre drill program will be Aurochs first phase of exploration on these prospects after entering into a binding agreement with Jindalee Resources (ASX:JRL) to earn up to 70% of a four tenement package. These two prospects are on tenement E36/895, which is contiguous to the companys 100%-owned E36/899 tenement that hosts the Horn nickel sulphide prospect. "Excellent" previous results[hhmc] Managing director Aidan Platel said: “We are excited to commence our first phase of exploration at the Firefly and Sinclair North prospects, where excellent nickel results in the weathered profile from historic RAB drilling have never been followed up with deeper drilling. “These targets are shaping up to have all of the necessary characteristics to potentially host significant nickel sulphide mineralis..

Australia

Fe Limited to fast-track advanced iron ore projects with royalty sale payment

Fe Limited (ASX:FEL) (FRA:B4T) will fast-track work programs at its two new advanced iron ore projects after reaching an agreement to accelerate final payment of the Evanston Iron Ore royalty sale proceeds. The company will now receive the $2.65 million final payment by the end of this week to facilitate funding of work on the new Yarram and JWS projects. An agreement to advance settlement of the second tranche has been reached with TRR Services Australia Pty Ltd, a wholly-owned subsidiary of Trident Royalties PLC (LON:TRR). Greater flexibility[hhmc] FEL chairman Tony Sage said: “We are pleased to have reached this mutually beneficial deal with Trident to accelerate the receipt of funds from FELs sale of its Evanston Iron Ore royalty. "We have recently acquired two exciting iron ore projects in Yarram and JWD and receiving these funds early gives us more flexibility with regards to fast-tracking our work programs to ensure we can advance these projects as quickly as possible.” FEL..

Australia

Bardoc Gold takes major strides towards goal of becoming mid-tier gold producer

Bardoc Gold Limited (ASX:BDC) (FRA:4SF) has achieved or exceeded all of its targeted milestones and is taking further major strides towards its goal of becoming a mid-tier gold producer. The company said the coming 12 months were set to be pivotal with multiple workstreams progressing to move the company towards first gold production by the end of the next calendar year. “Pivotal period”[hhmc] Despite the wild fluctuations in global markets and the onset of the COVID-19 pandemic, the pre-feasibility study has cemented the status of its flagship asset as one of the best-undeveloped gold projects in Australia. Chairman Tony Leibowitz said: “This timeline suggests that the coming 12 months are set to be a pivotal period in Bardoc Golds development, with multiple workstreams progressing to move the company towards first gold production by the end of next calendar year.” The company is in a very strong position with cash reserves of more than $35 million as it transitions from an explor..

Australia

Argonaut Resources progresses copper exploration plans in Australia and Africa

Argonaut Resources NL (ASX:ARE) is primarily focusing on exploration of its copper projects in Australia and Africa in the near-term. The companys Murdie and Torrens projects in South Australia have confirmed iron-oxide-copper-gold (IOCG) systems and are considered pedigree geology. Argonaut also operates a portfolio of attractive copper licences within the Central African Copperbelt in north-western Zambia. Murdie Project [hhmc] At Murdie, Argonaut has identified more than 50 IOCG gravity targets across three domains, including onshore, nearshore and offshore plus flexible drilling options. The priority targets are hosted in or on the margin of Donnington Suite Granite, which also hosts the nearby Oak Dam and Carrapateena IOCG deposits. Permitting pending[hhmc] Three authorisations are required for nearshore and offshore drilling at Murdie – Native Title permit (granted in 2018), operational permit (granted January 2020) and the Aboriginal heritage pemit which has completed the c..

Australia

Argonaut Resources progresses copper exploration plans in Australia and Africa

Argonaut Resources NL (ASX:ARE) is primarily focusing on exploration of its copper projects in Australia and Africa in the near-term. The companys Murdie and Torrens projects in South Australia have confirmed iron-oxide-copper-gold (IOCG) systems and are considered pedigree geology. Argonaut also operates a portfolio of attractive copper licences within the Central African Copperbelt in north-western Zambia. Murdie Project [hhmc] At Murdie, Argonaut has identified more than 50 IOCG gravity targets across three domains, including onshore, nearshore and offshore plus flexible drilling options. The priority targets are hosted in or on the margin of Donnington Suite Granite, which also hosts the nearby Oak Dam and Carrapateena IOCG deposits. Permitting pending[hhmc] Three authorisations are required for nearshore and offshore drilling at Murdie – Native Title permit (granted in 2018), operational permit (granted January 2020) and the Aboriginal heritage pemit which has completed the c..

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