Galena Mining CEO Alexander Molyneux is confident that the company has more than one reason to welcome investors to the next phase of the program.
Galena Mining CEO Alexander Molyneux is confident that the company has more than one reason to welcome investors to the next phase of the program.
After a record year of capital raising activity, what’s ahead in 2021? INN asked experts and analysts to share their thoughts.
Managing Director Matthew O’Kane joined INN to discuss Comet Resources’ exciting updates.
Why should investors be considering Comet Resources (ASX:CRL) right now?
In this interview, Managing Director Matthew O’Kane shares that the combination of copper fundamentals and a strong gold market make for a good opportunity for investors since Comet Resources is currently working on a copper project in New South Wales, Australia, and a gold project in Baja, Mexico. O’Kane shared, “We’re moving into the actual physical exploration work, which is the best time to buy. Of course, if results are good, the share price will appreciate and you’ve sort of missed the opportunity. So right now is the perfect time really to be getting in.”
Through August and September 2020, Comet raised AU$3 million in funding for project advancement. With this investment, the company was quickly able to gain access to Barraba and issue a report on the mineralization of the historically high-grade Murchison mine on the property. “We’ve executed access rights for exploration on the freehold land, and that is where the historical Murchison mine is located,” O’Kane stated.
In November, the company conducted a geochemical soil sample survey at Barraba and reported a discovery of high copper, zinc and cobalt concentrations.
In 2021, the company will also be focusing on Barraba’s other historic mining operation, the Gulf Creek mine, which historically produced copper at grades as high as 10 percent and zinc at similar grades. Comet intends to commence drilling at the Murchison and Gulf Creek mines simultaneously in 2021, with drill planning and land permit acquisition already underway.
The company’s high-grade gold Santa Teresa project in Baja, Mexico, has also demonstrated very attractive mineralization. “There are grades in drill holes, historical drill holes up to 958 grams per ton,” revealed O’Kane. The company aims to continue exploration and expand these higher-grade targets for development.
For more updates and future plans from Comet Resources CEO Matthew O’Kane, watch the video above.
Lake Resources Managing Director Stephen Promnitz discusses how the company is leveraging ESG and what the Biden presidency means for the sector.
Lake Resources (ASX:LKE,OTCQB:LLKKF) Managing Director Stephen Promnitz discussed differences in Environmental, Social and Corporate Governance (ESG) in the space of lithium production. Since Lake Resources’ last update in October 2020, the company has received commitments of A$20 million.
In terms of ESG, the company wants to go above and beyond only reporting its carbon dioxide footprint. Lake Resources is currently working to find a blockchain platform to make its social impact transparent and accessible to the investment community. “When we talk about gender equality and training and innovation in local communities, we can actually stand behind that it’s a key part of our environmental, social impact study this calendar year.” A blockchain platform would allow the company to share information about its total water impact as well.
The rise in ESG rating relevance is only going to increase. According to Promnitz, the level of impact investing or ESG investing in the US has grown from around 15 percent to 30 percent over the past few years. As a clean lithium producer, the company expects to leverage this increase in formal legislation and public pressure for sustainable power.
Watch the video above for the full interview with Lake Resources Managing Director Stephen Promnitz, including his thoughts on the lithium price in 2021 and what Biden’s presidency means for the sector.
What awaits the Australian cannabis market now that a TGA regulation change is allowing more access to CBD products?
A big change is in store for the Australian cannabis market thanks to a new rule recently approved by the country’s health regulatory agency.
In December, the Therapeutic Goods Administration (TGA) confirmed it would begin allowing the sale of low-dose cannabidiol (CBD) products over the counter by a pharmacist.
Thanks to this update, companies may soon see their products have an easier time reaching consumers. While there’s still a long road ahead, the Australian medical cannabis market could receive a boost, and companies in the space are excited for what’s ahead.
The much-anticipated change came into effect on Monday (February 1), but it isn’t without strict rules — interested marijuana producers will have to apply to the TGA in order to have their products become available via the new process.
According to the regulator, approved products will require a limit of up to 150 milligrams for use per day.
“The decision limits over-the-counter supply to only those products that are approved by the TGA and included on the Australian Register of Therapeutic Goods (ARTG),” the TGA indicated in December.
In a January 15 email to the Investing News Network (INN), a TGA spokesperson said that no products had yet been approved by the ARTG.
The spokesperson added that due to a matter of “commercial-in-confidence nature,” they could neither confirm nor deny how many applications were under consideration under the new rule. “If such an application is received and approved, details will be published on the TGA website.”
In a statement, Australian cannabis research firm FreshLeaf Analytics notes that companies will need to prove their products are high quality, safe and efficacious.
“So while products could technically become available to consumers from February 2021, we may not see them on shelves until 2022,” FreshLeaf explains.
In the document, Tony Whittaker, regulatory specialist with FreshLeaf, said the TGA has exacting standards that will “present a significant challenge to this young industry.”
Cassandra Hunt, managing director of FreshLeaf, said it’s likely the first movers in the space will benefit from the regulation changes.
“The race is now on to get products in the market as quickly and cost effectively as possible, assuming companies are able to overcome the challenge of proving efficacy,” Hunt said.
Various Australian companies have expressed their intentions to apply to offer their products this way.
“That’s very exciting for us here in Australia and I think we’re going to benefit from it,” Brett Schwarz, CFO and corporate advisor with privately held firm Cannatrek, previously told INN.
The executive highlighted how this regulation change shows growing maturity and changing perspectives in the Australian cannabis market as a whole.
As companies prepare for the new policy, an expert told INN there’s still much room for the Australian cannabis market to grow.
Stephen Murphy, co-founder of drug research firm Prohibition Partners, told INN that in terms of regulatory changes, the upcoming policy change from the TGA represents one of the most important developments in the past five years.
“I think what it does is gives the industry and products additional credibility — it builds a level of trust with patients in the market,” Murphy said.
When asked about the chances of this regulation change kicking off conversations about adult-use legalization in Australia, Murphy said the country has a very medical-first approach at the moment.
The data expert told INN he wants to see more education efforts in the Australian market to help both patients and doctors know more about the drug.
“If you look at the access points for patients, where are they going to get it from? Well, they go to their pharmacy, and they go to the doctors,” he said.
“Unless those touch points are provided with the information and knowledge required to make informed decisions and informed support, all the work of these producers and manufacturers going through licencing and going through all the approval processes, it’s not worth diddly,” Murphy continued. He believes regulation changes ultimately need to be accompanied by information campaigns to succeed.
In the most recent version of the Oceania Cannabis Report, prepared by Prohibition Partners in April 2020, the research firm estimates that there are approximately 2.1 million cannabis users in the country.
The legal medical market in Australia got a boost near the end of 2020 when the TGA approved a bulk patient count representing the addition of 6,200 applications for access to medical cannabis products.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Galaxy Resources Limited advises that the following announcements have been made to the Australian Securities Exchange which appears on the Company’s platform : Corporate Presentation – Sal de Vida Development Plan Sal de Vida development Plan Sal de Vida Resource & Reserve Update March 2021 Quarterly Results Conference Call Notice of Annual General Meeting Proxy Form 2020 Annual Report 2020 Sustainability Report …
Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcements have been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):
The announcement can be viewed at:
SOURCE Galaxy Resources Limited
View original content: http://www.newswire.ca/en/releases/archive/April2021/14/c5047.html
News Provided by Canada Newswire via QuoteMedia
Perth, Australia – Torian Resources Ltd is pleased to advise that recent drilling results continue to extend the Mt Stirling Gold System over ~1.1km of Strike, ~300m at depth, and it remains open in multiple directions. Highlights: – The interpreted strike of the Mt Stirling gold system exceeds 1.160km with Mt Stirling Main Zone; Hanging Wall and Viserion lodes all remaining open along strike and down-dip. – Assay …
– The interpreted strike of the Mt Stirling gold system exceeds 1.160km with Mt Stirling Main Zone; Hanging Wall and Viserion lodes all remaining open along strike and down-dip.
– Assay results and footprint continue to track on par and are consistent with regional significant discoveries, e.g. St Barbara’s (ASX:SBM) 4.8Moz Gwalia Mine and Saracen’s (ASX:SAR) 3.8Moz Thunderbox Mine, with the Mt Stirling Gold System remaining open in all directions.
– Torian awaiting results from 3 drill holes to be incorporated to the interim Resource Estimate; in addition to 11 SE Phase 2 drill holes; 16 holes at Stirling Well and 19 holes from Diorite, with results forthcoming.
– Mt Stirling Regional targeting has identified numerous Priority 1 and Priority 2 targets along four key structural corridors; Viserion Shear (3.4km); Wonambi Shear (2.2km); Ursus Fault (2.5km) and Blue Jacket (2.2km) for immediate follow-up exploration including AV drilling.
– Torian is now fully funded to conduct its 50,000m drilling campaign in 2021.
Torian’s Executive Director Mr Peretz Schapiro said “Cracking 1km of Strike at Mt Stirling represents a significant milestone for our company. With each batch of results received, it becomes clearer and clearer to us that we’re sitting on something quite substantial at Mt Stirling. We have demonstrated that we are ‘on the system’, with our immediate task being to define the actual footprint of Mt Stirling, as it continues to remain open along strike and depth.
Should results confirm our interpretation of a shear-hosted gold system that continues at depth, for considerable down-dip depth, it would mean that Mt Stirling’s multiple gold structures continue to have the potential to depth and resemble that of regional operating gold mines e.g St Barbara’s (ASX:SBM) 4.8Moz Gwalia Mine and Saracen’s (ASX:SAR) 3.8Moz Thunderbox Mine, given it remains open in all directions.
Whilst we were frustrated at having to delay the resource update, in hindsight it is clear that we made the correct decision to delay, as the estimate will now include this set of excellent results. Had we opted to not delay the resource estimate update, these assays would not have been included.
Results received continue to fill us with confidence that when our interim resource estimate is completed later this month, it will result in a significant update to our tonnage and gold ounces at Mt Stirling. The interim resource will provide the Company with strong fundamental backing as we continue our journey to develop Mt Stirling into a Gold Camp.
In addition to attempting to prove up a larger footprint at Mt Stirling itself, we will soon be actively following up with other high priority targets in the region. For instance, there have been historical gold intercepts 1.2km NW and along strike from Mt Stirling. We are excited about a potential connection between Mt Stirling Well and Mt Stirling. We will be following up on the Blue Jacket prospect to the east, which has historical gold intercepts alongside some deep historical shafts, in addition to following up on the newly discovered eastern zone at Mt Stirling and the prolific Ursus fault (Figure 11*). We are also looking forward to follow up work on Diorite, particularly around the high grade historical mines and soil and rock chip anomalies.
2021 is shaping up to be an exciting year for our Company as we anticipate significant news flow over the coming weeks and months. We eagerly await the remaining results from Mt Stirling, some of which will feed into our resource upgrade, in addition to the results from 18 drillholes at Stirling Well, 19 exploratory drill holes at Diorite and the continued exploration of our Mt Stirling and Diorite projects.
*To view tables and figures, please visit:
About Torian Resources Limited:
Torian Resources Ltd (ASX:TNR) is a gold exploration and development company with an extensive and strategic land holding comprising eight projects and over 400km2 of tenure in the Goldfields Region of Western Australia.
Torian’s flagship project, Zuleika, is located along the world-class Zuleika Shear. The Zuleika Shear is the fourth largest gold producing region in Australia and consistently produces some of the country’s highest grade and lowest cost gold mines. Torian’s Zuleika project lies north and partly along strike of several major gold deposits including Northern Star’s (ASX:NST) 7.0Moz East Kundana Joint Venture and Evolutions (ASX:EVN) 1.8Moz Frogs Legs and White Foil deposits.
Torian’s other projects include the strategically located Mt Stirling and Malcolm Projects in the Leonora region (near Red 5’s King of the Hills Project), where it recently completed updated Mineral Resource Estimates and preliminary scoping studies, and a suite of other projects in the Kalgoorlie region including Credo Well JV Zuleika JV, Bonnie Vale, Gibraltar and Mount Monger/Wombola.
Torian Resources Limited
News Provided by ABN Newswire via QuoteMedia
See our exclusive index of companies on the move:EXPLORE STOCKS