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

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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.

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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

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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

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

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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

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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.

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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.

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