Perenti Limited (ASX: PRN) today announced that its underground mining business Barminco has been awarded a new contract to supply mining to Regis Resources Duketon Oconsists in the Goldfields region of Western Australia. The new contract is priced at A$393 million based on an initial term of 3 years. Mark Norwell, Managing Director and Chief Executive Officer of Perenti, said: “We are excited to continue our partnership with Regis Resources at Duketon, where Barminco has been offering pricing to our consumers through progression and production paints since February 2019. This award adds value to Australian-founded underground earnings based on our portfolio’s underground revenues, which is aligned with the continued implementation of our strategy. Shares are trading 0. 51 percent, up 98. 5 cents.
NOVONIX Limited (ASX: NVX) announced that the company has decided to obtain $103 million in tax credits under the U. S. Eligible Advanced Energy Project Allocation Program. The U. S. Department of Homeland Security has partnered to assist in the production of critical battery materials at its Riverside plant in Chattanooga, Tennessee. Dr. Chris Burns, Chief Executive Officer of Novonix, said: “In an era that is already full of milestones for the company, the approval of our 48C application strengthens our investment strategy and demonstrates another vital milestone for NOVONIX. . . With this help, we are poised to further grow our operations, create high-quality jobs in the U. S. , and create high-quality jobs in the U. S. “We are moving forward with our project to develop technologies and fabrics to serve the electric vehicle and EHS sectors. “The stock is trading 8. 14% higher at 93 cents.
88 Energy Limited (ASX: 88E) has announced the successful testing of the Upper SFS reservoir in the company’s Hickory-1 finder well, located on the Phoenix assignment on Alaska’s North Slope. Flow checks showed the discovery of soft oil on Hickory-1. The rates were obtained from low-volume fractures over a small vertical period of 20 feet and are consistent with expectations and effects observed in other reservoirs in an adjacent domain. Chief Executive Officer Ashley Gilbert commented, “The effects of this verification constitute a vital milestone for 88 Energy and its shareholders, with the first surface oil success achieved at the company’s Alaska assignments. The finishing touch of the checks in this area and the surface recovery of soft oil, as well as NGL and related gas, confirm our understanding of the significant prospects of these reservoirs. Shares are trading 10% higher at 0. 55 cents.
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Increases across all areas of Deep Leads resources: quality, tonnage and target area ABx Group has reported a 30% increase in its Mineral Resource Estimate (MRE) at the Deep Leads Ionic Adsorption Clay (IAC) rare earth deposit in northern Tasmania. The accumulation in MRE comes from 36 extension wells analyzed, representing a significant northward extension for the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding memorandums of understanding within 10 days. Ford Company (Ford) has signed a memorandum of understanding for about 25,000 t/year and last week, Hanwa, a Japanese commodity trading company, signed a memorandum of understanding for up to 25,000 t/year. Subject to execution, this is a feat as Ford and Hanwa are in a position to engage in longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing, but they should, i. e. if Ford and Hanwa inject new capital into LKE, it will further reduce the risk of the financing of the assignment and thus ensure that LKE and Kachi are fully funded.
Two recent severity studies have particularly exceeded expectations and revealed the possibility of expanding the existing MRE at Throssell Lake, as well as a significant expansion opportunity at Yeo Lake. This reinforces the prospect of a multi-decade-long Tier 1 SOP production facility around Throssell Lake.
TMG is currently completing paints for the planned PFS in early 2023, adding the start of drilling in the third quarter of 2022, evaporation testing and permitting activities. The effects of these systems will affect the SFP and any long-term resource improvements.
SOP reference prices have risen to around 940 USD/t due to recent geopolitical developments. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that every 10% accumulated in value effects at a cumulative $144 million in NPV of the $364 million allocation. The increase of approximately 70% during the scoping study implies an allocation NPV of approximately $1. 4 billion.
Despite the drop in oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to record an improvement in its key industry indicators.
WT Financial Group Limited (WTL) is a fast-growing diversified monetary company founded in 2010 and indexed on the Australian Securities Exchange (ASX) in 2015. Their recommendations and product offerings are primarily provided through an organization of independent money advisors who act as legal representatives. . de WTL in connection with its broker organisation business Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has approximately 275 advisers in more than two hundred money advice firms across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive study report on ASX-listed biotech company Immutep Ltd (ASX: IMM). He was so inspired by IMM that Corporate Connect felt it was imperative to publish a follow-up report that valued the company. as the market did not see the great prospects of Eftilagimod Alpha (EFTI).
The follow-up report published today. Using comparables, after adding a monetary rebate to its EV estimate and dividing it by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at A$2. 20.