Investing News NetworkAUSTRALIA
See our exclusive index of companies on the move:
Explore Stocks- Top Stocks
- Top Australian Gold Stocks
- Top ASX Copper Stocks
- Top ASX Nickel Stocks
- Top ASX Rare Earth Stocks
- Top Battery Metals Stocks on the ASX
- Top Australian Lithium Stocks
- Top Graphite Miners on the ASX
- 10 ASX Cannabis Stocks
- Top ASX Tech Stocks
- Top AI Stocks on the ASX
- On Site
- About Australian Cannabis Investing
- About Australian Resource Investing
- About Australian Tech Investing
- About Australia Investing
- Of Interest
- ASEAN-Australia-New Zealand Trade Agreement
- Association of Southeast Asian Nations (ASEAN)
- Australian FAQ on ASEAN
- Australia Government on Foreign Investments
Ashley Cowell
Major Success in Extra Fast Charging Battery Program Advances to Optimised Commercial Cells
- Following the ongoing success of Extra Fast Charging (EFC) results using unoptimised cells, for the next phase of Original Equipment Manufacturer (0EM) qualification, battery cells optimised for very fast charge will be used
- Over 1000 charges have been conducted to date with capacity maintaining strength above 80%
- EFC allows 85% charge in 6 minutes
- A 12-month demonstration program funded by NYSERDA, which includes BAE Systems and Consolidated Edison on EFC batteries in Electric Buses begins
- Major interest shown by overseas OEM’s
Magnis Energy Technologies Limited (“Magnis”, or the “Company”) (ASX:MNS) is very pleased to announce that the game changing results announced on 24 July 2020 for EFC batteries, have progressed with a decision made to commence the program on optimised commercial cells developed by Magnis partner, Charge CCCV, LLC. (“CCV”).
EFC Results
Cycling results from an unoptimised commercial size cell to date, using CCV technology, has produced exciting results, with the cycling life retention over 1000 cycles, with a 6 minute charge and 1 hour discharge. The unoptimised cell is within 99% energy density of a regular energy cell, which means minimal energy density loss for a super fast charge cell. Following the exciting results, a decision has been made to commence testing of EFC on optimised composition of commercial cells.
Battery cells optimised for very fast charging are required to maximise charging energy efficiency, battery life and, most importantly, safety. Magnis technology partner, CCV, is at the forefront of this technology development and has been working with end users including commercial EV manufacturers, to develop a future proof design for EFC batteries, with a focus on low cost and sustainable supply chain. Several European OEM’s have expressed interest in the technology with initial discussions being undertaken in recent weeks, with confidentiality agreements having been executed.
New York Demonstration Program
A demonstration program in New York has commenced for a Public Transit Technology and Innovation Program funded by NYSERDA, with a proposal to develop EFC system utilising extended—life batteries provided by CCV with its BMLMP technology.
The technology in planned to be developed in Binghamton, New York US, and tested at BAE Systems before being installed for some New York City bus routes. The plan is to remove 50D,D00 metric tons of carbon dioxide annually from the New York City metro area, whilst increasing energy efficiency and lowering upfront costs versus the current system.
Consolidated Edison will be responsible for charging, with bus stops equipped with robotic arms that have the ability reach down from the overhead electric wires and connect to the buses’ batteries to recharge them in 5 to 10 minutes.
Magnis Chairman Frank Poullas commented: “The response from our fast charging announcement has been amazing with a number of major OEM’s contacting Magnis with discussions having kicked off.”
“Today’s announced results are another step forward in this exciting technology and we look forward to receiving the results from the commercial cell program in the near future.”
Authorised by the Board of Directors of Mapnis Enerpy Technologies Limited (ACN 115 111 763)
Frank Poullas Executive Chairman Ph: +61 2 83979888
www.magnis com.au
Suite 9.03 Aurora Place, 88 Phillip Street, Sydney NSW 2000
Click here to connect with Magnis Energy Technologies (ASX:MNS) for an Investor Presentation.
Magnis Energy Technologies Limited is very pleased to announce that the game changing results announced on 24 July 2020 for EFC batteries, have progressed with a decision made to commence the program on optimised commercial cells developed by Magnis partner, Charge CCCV, LLC.
Comet Resources: Placement Successfully Completed and Initiation of SPP
Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased to announce it has received commitments for a placement of 100,000,000 new fully paid ordinary shares in Comet (Placement Shares) to eligible sophisticated and institutional investors at $0.02 per New Share (the Placement). The Placement will raise $2 million (before costs) and is priced at a 9.52% discount to the last closing price of Comet shares on 2 September 2020.
The Placement was well supported by new and existing sophisticated investors and the Company is pleased to welcome strategic investors on to the register. Proceeds raised will be used to fund activities at the Company’s Santa Teresa Gold Project and also the Barraba Copper Project, as well as for working capital purposes.
Comet Managing Director, Matthew O’Kane, commented “It was great to see strong support for the placement as an endorsement of the Company’s recent acquisitions. We are looking forward to commencing exploration including drilling, first at the Barraba Cooper Project once the final permits are issued, and then moving on to the Santa Teresa Gold Project as soon as possible afterwards.”
The Placement Shares are intended to be issued under the Company’s refreshed capacity pursuant to ASX Listing Rule 7.1 and 7.1A. The Placement Shares to be issued under 7.1A are conditional on the minimum pricing condition under ASX Listing Rule 7.1A.3 being satisfied. Where this does not occur, the issue of those Placement Shares will be subject to Shareholder approval at the Company’s forthcoming Annual General Meeting (AGM). The Company is seeking to complete the Placement under its refreshed capacity following shareholder approval at the General Meeting of Shareholders (GM) to be held on 21 September 2020. Settlement of the Placement is expected shortly after the GM with allotment expected to occur and normal trading of those shares expected to commence thereafter. Placement Shares issued under the Placement will rank equally with existing Comet ordinary shares from their date of issue.
Share Purchase Plan
Comet proposes to offer existing eligible shareholders the opportunity to participate in a nonunderwritten share purchase plan (SPP) to raise up to $500,0001 . Under the SPP, eligible Comet shareholders, being shareholders with a registered address in Australia or New Zealand on Comet’s register as at 5.00pm (AWST) on Wednesday, 9 September 2020, will have the opportunity to apply for up to $30,000 of New Shares at an offer price of $0.02 per New Share. The SPP price equates to approximately a 10.13% discount to the 5-day volume weighted average market price of the Company’s Shares as traded on the ASX immediately prior to the announcement of the SPP.
The SPP offer period will open on Thursday, 10 September 2020 and is expected to close at 5.00pm (AWST) on Thursday, 1 October 2020.
The terms and conditions of the SPP will be set out in the SPP offer booklet, which is expected to be released to the ASX and dispatched to eligible shareholders via their preferred method of contact on Thursday, 10 September 2020.
1As the SPP is not underwritten, the SPP may raise more or less than this amount. If the SPP raises more than $500,000, Comet may decide in its absolute discretion to accept applications (in whole or in part) that result in the SPP raising more than $500,000. If Comet decides to conduct any scale back of applications, for example because the aggregate amount applied for under the SPP exceeds Comet’s requirements, the scale back will be applied on a pro rata basis to shareholdings of participating eligible shareholders at the record date for the SPP.
Click here to read the full press release
Click here to connect with Comet Resources Ltd (ASX:CRL) for an Investor Presentation.
Comet Resources Ltd (ASX:CRL) is pleased to announce it has received commitments for a placement of 100,000,000 new fully paid ordinary shares in Comet to eligible sophisticated and institutional investors at $0.02 per New Share.
Blackstone Commences Drilling New Nickel Targets At Ta Cuong
- Blackstone Minerals (ASX:BSX) has commenced drilling at Ta Cuong, using electromagnetic (EM) plates to test new massive sulfide vein (MSV) targets for high impact drilling over the coming months;
- The drilling at Ta Cuong sees Blackstone continue its aggressive exploration program with multiple rigs targeting MSV prospects analogous to the recently discovered Ban Chang prospect and the flagship Ban Phuc orebody;
- Ta Cuong is 6km along strike from Ban Chang and proximal to a major regional structure that is also close to the Ban Phuc and Ban Chang prospects;
- Drilling by previous owners did not target geophysical anomalies, however Blackstone has used it’s highly successful, in-house geophysics team to define new targets at Ta Cuong for high impact drill testing;
- Blackstone’s recent assaying of historic drill holes (previously unassayed) from Ta Cuong returned the following significant results:
BKh18-02 15.6m @ 0.66% Ni, 0.6% Cu, 0.04% Co & 0.31g/t PGE 1 from 45.9m
incl. 0.6m @ 1.95% Ni, 4.47% Cu, 0.12% Co & 0.66g/t PGE from 51.7m
BKh18-03 5.0m @ 0.84% Ni, 0.59% Cu, 0.05% Co & 0.87g/t PGE from 150.0m
incl. 2.55m @ 1.43% Ni, 0.86% Cu, 0.09% Co & 0.78g/t PGE from 150.45m
1 Platinum (Pt) + Palladium (Pd) + Gold (Au)
- Ta Cuong is the Company’s second high priority MSV prospect within Blackstone’s portfolio of 25 MSV prospects to be systematically tested with modern techniques;
- A recently purchased fourth drill rig will follow the geophysics crew throughout the Ta Khoa nickel sulfide district, testing high priority EM targets generated from 25 MSV prospects including Ban Chang, Ta Cuong, Ban Khoa and King Snake;
- Drilling continues at the King Cobra Discovery zone (KCZ) and Ban Chang;
- The current Scoping Study is focused on downstream processing to produce nickel sulfate for the lithium-ion battery industry with the maiden resource on track for completion in Q3, CY20;
Blackstone Minerals’ Managing Director Scott Williamson commented:
“We are pleased to announce drilling has commenced at Ta Cuong, our second MSV prospect. Based on geological similarities and now with some exciting EM plates to target, we believe it has the potential to deliver similar results to Ban Chang and Ban Phuc.
“We continue to systematically test our 25 MSV prospects and with our in-house geophysics crew and Blackstone-owned drill rigs, we can cost effectively explore this globally significant nickel sulfide district using modern geophysical techniques.
“We see potential to increase future annual nickel production from the Ta Khoa Nickel-Cu-PGE project through targeting high-grade MSV to complement the base load nickel sulfide feed from the bulk open pit mining scenario we are currently modelling at Ban Phuc and King Cobra.”
Click here to read the full press release
Click here to connect with Blackstone Minerals Limited (ASX:BSX) for an Investor Presentation
Blackstone Minerals (ASX:BSX) has commenced drilling at Ta Cuong, using electromagnetic (EM) plates to test new massive sulfide vein (MSV) targets for high impact drilling over the coming months
Free Investor Report
NEW! Download your FREE 2022 Cannabis Sector Outlook Report.
WHAT'S IN STORE FOR THE CANNABIS SECTOR IN 2022?
DOWNLOAD YOUR FREE REPORT TODAY!
Table of Contents
- Australian Cannabis Trends 2021: Adoption Growing, Regulatory Changes Still Needed
- Australian Cannabis Outlook 2022: Positive Signs for Sales and Patient Numbers
- Top 3 ASX Cannabis Stocks
A Sneak Peek At What The Experts Are Saying
“2022 will see continued transformation of the industry characterised by wider acceptance of medicinal cannabis, improved access for patients, an increase in R&D investment, and industry players looking to new markets in which to expand.”
— FreshLeaf Analytics
“There is clearly a growing subset of clinicians who are committed to utilising medical cannabis as a regular treatment option for their patients.”
— FreshLeaf Analytics
Who We Are
The Investing News Network is a growing network of authoritative publications delivering independent, unbiased news and education for investors. We deliver knowledgeable, carefully curated coverage of a variety of markets including gold, cannabis, biotech and many others. This means you read nothing but the best from the entire world of investing advice, and never have to waste your valuable time doing hours, days or weeks of research yourself.
At the same time, not a single word of the content we choose for you is paid for by any company or investment advisor: We choose our content based solely on its informational and educational value to you, the investor.
So if you are looking for a way to diversify your portfolio amidst political and financial instability, this is the place to start. Right now.
Blackstone Intersects Broad Zones Of Nickel Sulfides At Ban Chang
- Blackstone has intersected further high-grade Nickel-Cu-PGE at the Ban Chang prospect with results including:
BC20-06 13.0m @ 0.5% Ni, 0.71% Cu, 0.05% Co & 0.46g/t PGE1 from 89.0m
and 4.2m @ 0.52% Ni, 0.81% Cu, 0.06% Co & 0.82g/t PGE from 97.8m BC20-08 9.6m @ 0.84% Ni, 0.73% Cu, 0.05% Co & 0.7g/t PGE from 57.0m
BC20-10 14.65m @ 0.74% Ni, 0.71% Cu, 0.04% Co & 0.54g/t PGE from 45.0m
incl. 5.85m @ 1.62% Ni, 1.47% Cu, 0.08% Co & 1.09g/t PGE from 51.8m incl. 0.87m @ 3.32% Ni, 3.89% Cu, 0.16% Co & 1.65g/t PGE from 56.78m
BC20-12 8.3m @ 0.50% Ni, 0.70% Cu, 0.05% Co & 0.46g/t PGE from 35.5m
incl. 4.8m @ 0.71% Ni, 0.81% Cu, 0.06% Co & 0.46g/t PGE from 39m
1Platinum (Pt) + Palladium (Pd) + Gold (Au)
- Blackstone’s maiden drill holes at Ban Chang have intersected high‐grade massive sulfide nickel over a 1.2km strike within a massive sulfide target zone now extended to more than 2km strike;
- Results follow Blackstone’s recent blind discovery of massive sulfide nickel targets at the Viper Discovery Zone (VDZ) with a series of new shallow electromagnetic (EM) anomalies located ~200m north-east of Ban Chang East (ASX announcement 19 August 2020);
- Blackstone is continuing its aggressive exploration program with six drill rigs, four owned by the Company. Three rigs are testing massive sulfide vein (MSV) targets at Ban Chang, and three are testing down dip extensions of the King Cobra Discovery Zone (KCZ) at Ban Phuc (Refer to figure 7);
- Blackstone’s Scoping Study on downstream processing to produce nickel sulfate for the lithium- ion battery industry and Ban Phuc maiden resource are on track for completion in Q3, CY20.
Blackstone Minerals’ Managing Director Scott Williamson commented:
“Drilling continues to deliver consistent, broad intersections of nickel sulfide mineralisation from shallow depths with average widths of ~10m throughout most of the Ban Chang prospect and broader zones within Ban Chang East with greater than 20m wide intersections of potentially bulk‐mineable grade Ni‐Cu‐PGE mineralisation.”
“We aim to drill out Ban Chang over the coming months and upgrade our resource inventory by the end of CY20. We are continuing to systematically test 25 MSV targets throughout the Ta Khoa Ni‐Cu‐PGE district to add further high‐grade feed to our bulk open‐pit mining scenario at Ban Phuc and the KCZ.”
Blackstone Minerals Limited (ASX:BSX) is pleased to announce it has intersected further high- grade massive sulfide Nickel-Cu-PGE at Ban Chang, part of its Ta Khoa Nickel-Cu-PGE project in Vietnam.
The maiden drill holes are more than 1.2km apart and along strike within a massive sulfide target zone recently extended to more than 2km strike, with further high priority EM plates defined throughout the VDZ. The Company has commenced an aggressive drill-out phase to delineate a maiden resource at Ban Chang to supplement the ongoing studies focused on producing nickel sulfate for the lithium-ion battery industry.
To read the full press release, click here.
Click here to connect with Blackstone Minerals Limited (ASX:BSX) for an Investor Presentation
Blackstone has intersected further high-grade Nickel-Cu-PGE at the Ban Chang prospect with results
Piedmont Resumes Drilling to Further Increase Mineral Resources in the Carolina Tin-Spodumene Belt
- Drilling has commenced testing new target areas on the Company’s Core and Central properties
- Drilling will also test previously identified regional drill targets in the prolific Tin-Spodumene Belt
- Piedmont is focused on increasing its Mineral Resources and potential increased production of American sourced lithium
Figure 1 – Piedmont Lithium Project Property Map Showing Mineral Resources, Exploration Targets and Proposed Drillholes
Piedmont Lithium Limited (ASX:PLL,NASDAQ:PLL) (“Piedmont” or “Company”) is pleased to announce the Company has resumed drilling on its properties located within the world-class Carolina Tin-Spodumene Belt (“TSB”) in North Carolina, USA. The drill program will consist of approximately 5,600 meters. The program’s primary objectives are to drill Exploration Target areas on the Core and Central properties, as well as previously untested occurrences of spodumene bearing pegmatite on regional properties (Figure 1).
Core Property
Approximately 50% of the total drill holes are allocated for the eastern portion of the Core property. These drill holes will test two Exploration Target areas previously identified (refer announcement dated June 24, 2019). The Company will additionally explore Area 5 (Figure 1), which is outcropping mineralization with assays up to 2.10% Li2O (refer announcement dated January 27, 2020). Several areas of low mineralization potential will also be tested to determine whether these areas offer additional Resource potential or are better suited for waste rock storage and or mine infrastructure.
Central Property
At the Central property, 5 drill holes are proposed to test the previous Exploration Target (refer announcement dated April 23, 2019), and will build on the Phase 4 drilling results reported in our announcement dated January 27, 2020. Two holes are designed to test to the south and downdip of the intercepts reported in Hole 19-CT-019 (36.0 meters @ 1.11% Li2O and 44.9 meters @ 1.30% Li2O).
Regional Properties
The remainder of the proposed drilling will be distributed on Piedmont’s regional properties. Drilling at Area 1 (Figure 1) will target a large robust soil anomaly along with outcrops of spodumene bearing pegmatite that range up to 2.37% Li2O. Initially, Area 2 and 3 (Figure 1) will receive limited drilling that will target significant soil anomalies and spodumene in outcrop. At Sunnyside, soil anomalies and newly identified spodumene pegmatite occurrences will be targeted as well as potential follow up drilling from the 2018 drilling reported in our announcement dated October 16, 2018 (20.1 meters @1.42% Li2O). Prioritization of drilling will be results based, not all the regional targets may get drilled.
Keith D. Phillips, President and Chief Executive Officer, commented: “We are excited to once again have drill rigs in the field. The Carolina Tin-Spodumene Belt is one of the world’s most significant spodumene occurrences, and there are many high-priority targets remaining on our properties. Spodumene is the dominant feedstock for the fast-growing lithium hydroxide market, and with over 80% of the world’s hydroxide currently being produced in China, this is an opportune time for Piedmont to grow its mineral resources in the United States.”
To view the full ASX release, click here.
Contacts
Keith Phillips
President & CEO
T: +1 973 809 0505
E: kphillips@piedmontlithium.com
Tim McKenna
Investor and Government Relations
T: +1 732 331 6457
E: tmckenna@piedmontlithium.com
Piedmont Lithium Limited (ASX:PLL,NASDAQ:PLL) (“Piedmont” or “Company”) is pleased to announce the Company has resumed drilling on its properties located within the world-class Carolina Tin-Spodumene Belt (“TSB”) in North Carolina
Santa Teresa Gold Project Acquisition Completion
Highlights:
- Final agreement now executed with shareholders of El Alamo Resources
- First stage of acquisition completed – Comet is now 50% owner of the Santa Teresa Gold Project1
- Comet has the option to increase ownership to 100% within 2 years
- 32 diamond holes have been drilled2 delivering numerous high-grade gold intersections including:
- 2m @ 32.4g/t gold from 19m
- 1m @ 958.4g/t gold from 239m
- 2.5m @ 38g/t gold from 174m
- 3.9m @ 39g/t gold from 121m
- 3m @ 19.9g/t gold from 214m
- 1m @ 125.9 g/t gold from 83m
- 3.1 @ 14.4g/t gold from 59m
- 3.1m @ 16g/t gold from 101m
- Work to commence on re-assaying of historic drill core and preparation of a JORC compliant Mineral Resource estimate
- Historical production in the surrounding El Alamo district estimated between 100,000 to 200,000oz gold
- Exploration upside and opportunity to extend current mineralisation due to the under-explored nature of the tenements
- Stream Financing agreement with Raptor Capital International Limited in advanced stage of documentation and expected to complete in the near-term
Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased to announce that it has executed a Share Purchase and Joint Venture Agreement (SPA) with the shareholders of El Alamo Resources Limited (EARL) for the 100% acquisition (Acquisition) of the Santa Teresa Gold Project (Project). Documentation of the binding gold streaming and royalty financing (Financing) with Raptor Capital International Limited (Raptor) to fund activities at the Project for up to US$20 million (initial minimum of US$6 million) is advanced and is expected to complete in the near-term.
Comet Managing Director, Matthew O’Kane, commented, “From the initial announcement of this transaction to closing, the gold price has increased over US$200 per ounce. This has increased the potential value of Santa Teresa for Comet and we are now looking forward to commencing work on the historical drill core and a maiden JORC resource. In parallel, we will plan our initial field activities. The relatively under explored nature of the Project and the richness of the district provides a lot of scope to extend mineralisation.”
1 Subject to shareholder approval for the issue of the consideration shares. Comet has negotiated an accelerated acquisition of its initial 50% interest in the Santa Teresa Gold Project by agreeing that the certain conditions precedent to the acquisition be treated as conditions subsequent. Refer to Annexure A for further details.
2 Refer to the Company’s release of 9 June 2020 for results of all 32 drill holes.
To read the full press release, click here.
Click here to connect with Comet Resources Ltd (ASX:CRL) for an Investor Presentation.
Comet Resources (ASX:CRL) is pleased to announce that it has executed a Share Purchase and Joint Venture Agreement with the shareholders of El Alamo Resources Limited for the 100% acquisition of the Santa Teresa Gold Project.
