Great Northern Minerals (ASX:GNM) today announced the very encouraging effects of magnetic separation testing of lithium-containing minerals in Kuusisuo, Finland. Dry magnetic separation techniques have produced exceptional effects, with 96-98% lithium recovery in magnetic mineral concentrates. The effects are very encouraging and help to find potentially profitable solutions in Kuusisuo. GNM Managing Director Cameron McLean said: “GNM is pleased with the effects of the magnetic separation tests at Kuusisuo and the conceivable publicity results they represent. We are excited to continue its exploration efforts at Kuusisuo and look forward to submitting our exploration application consistent with the application we expect to discharge in the second half of 2024. “Shares are trading at 15. 38 percent up 1. 5 cents.
Ionic Rare Earths (ASX:IXR) today announced that it has entered into a binding agreement with ASX-listed Viridis Mining and Minerals Limited (ASX:VMM) to form an equivalent joint venture with the aim of building a significant leadership role in the long term. execute the global origin chain of rare terrestrial elements (REEs) through the exploitation of Viridis’ intellectual assets (IP) and complete the core competencies of Rare Ionic Earths and Viridis global assets. The joint venture aims to build a refinery and magnet recycling facility in Brazil. Ionic Technologies’ separation technology, which was demonstrated at Ionic’s magnet recycling demonstration plant in Belfast, where occasional earth oxide production for magnets is underway. Shares are trading down 2. 78 percent at 1. 75 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.