Grafa

DroneShield reported a surge in cash receipts, totalling $62.9 million for FY23.

This includes a $12.9 million progress payment from a $33 million contract announced in July 2023.

The company expects to receive the remaining $3 million in the first quarter of 2024.

With a current bank balance of $62.5 million, no debt, and a $38 million order backlog, the company aims for efficient order completion and quick receipt of payments.

Flynn Gold reported seven significant lithium anomalies confirmed and refined through in-fill soil sampling at the Mt Dove Project in Western Australia's Pilbara region.

The anomalies, extending up to 3,100m in length, are situated in the predominantly shallow sand-covered eastern part of the license area.

Outcropping pegmatite samples were identified within the highest priority lithium anomaly.

Mt Dove Project is located near world-class lithium mines like Pilgangoora and Wodgina and the Hemi gold deposit.

Planning is underway to design and permit a first-pass aircore drilling program to cover high-priority targets.

TrivarX has on-boarded 15 sleep centres in the US for its Phase 2 sleep signal analysis for the current major depressive episode study, surpassing the initial target of 14.

The addition of a centre in Texas through Comprehensive Sleep Medicine Associates is expected to accelerate patient enrollment.

The study, utilising TrivarX's innovative AI-backed algorithm, aims to detect the likelihood of a current major depressive episode in individuals referred to sleep clinics.

TrivarX targets 400 participants and anticipates completing Phase 2 in the first half 2024. It also plans to engage with the US Food and Drug Administration for regulatory discussions.

Koonenberry Gold is set to launch a high-impact follow-up aircore drilling program at the Bellagio Gold prospect following promising initial results.

The first pass drilling revealed extensive gold mineralisation over a 250m x 300m zone, remaining open in all directions.

The upcoming drilling will target fresh rock below the oxidation base to explore higher grades, widths, and mineralisation continuity.

The previous aircore drilling program at Bellagio identified variable quartz veining and associated gold mineralisation over a 300m strike and 250m wide zone.

Widgie Nickel reported high-grade nickel mineralisation beneath the 132N open pit, with exceptionally high-grade assays reaching up to 25.95% nickel.

Infill drilling confirmed the presence of ultra-high-grade pods within mineralised channel flows, and mineralisation remains open at depth with the lower channel flank unconstrained.

Geological modelling is in progress, and an updated mineral resource estimate is expected by early 2024.

The 132N deposit, part of the Mt Edwards Nickel Project, is located within the Widgiemooltha Nickel Province.

Fenix Resources finalised an ore purchase agreement with local iron ore producer 10M to acquire 500,000 tonnes of high-grade hematite iron ore from the Twin Peaks Direct Shipping Iron Ore Project in Western Australia's Mid West.

The deal involves a $5 million upfront pre-payment by Fenix, with 10M supplying the ore and Fenix handling logistics, including haulage, storage, port services, and marketing.

The partnership is set to boost Fenix's iron ore production immediately, with the first shipment expected in early 2024.

The transaction terms include a fixed mine gate payment, haulage and port costs, and a profit share payment of 10M based on 70% of the notional profit.

Torque Metals shared additional information on its drilling campaign at the New Dawn Lithium Project.

The exploration involved 19 reverse circulation and two diamond drill holes totalling 6,628m.

Preliminary observations indicate the consistent presence of spodumene in vertically stacked pegmatites, as visually confirmed under UV light.

Lithium assays from diamond drill holes support the spodumene presence, displaying similar fluorescence patterns. However, conclusive confirmation awaits assay results for reverse circulation holes.

Lucapa Diamond temporarily halted the delivery of the Merlin Diamond Project feasibility study in response to challenging diamond and capital market conditions.

The company is redirecting its focus towards a smaller-scale, lower-cost development alternative, aiming to enhance the balance sheet in the short term.

Given the prevailing market dynamics and a softening in diamond prices for 2023, Lucapa considers it prudent to prioritise a study that explores more cost-effective production and capital options.

The smaller-scale development option is well-progressed, building upon the groundwork in the original feasibility study.

The securities of Killi Resources Limited (ASX: KLI) have been placed on a trading halt at the company's request, pending its announcement about a proposed transaction.

The securities will stay halted until normal trading restarts on 22 November 2023 or whenever KLI's announcement is released, whichever happens sooner.

This action is in connection with a potential mineral project acquisition.

The halt request has been approved by the company's board, and no reasons exist, as per the company's knowledge, for the halt not to be granted.

Following the announcement, shares of Killi Resources (ASX:KLI) were up 26.79%.

Property company Stockland is changing its leadership and organisational structure to drive growth.

Louise Mason, the current CEO of commercial property, will step down from her role in December after six years to pursue the next phase of her career.

In her place, Andrew Whitson, the current CEO of communities, will assume the position of chief executive for development.

Kylie O'Connor will join the company on Nov. 27 as CEO of investment management.

Mantle Minerals signed access agreements with De Grey Mining (ASX:DEG) at Roberts Hill and Mt Berghaus.

De Grey is to access Roberts Hill to conduct a drilling operation, covering at least 8,500m with at least 100 aircore holes. Mantle retains rights to all results, follow-up drilling, and any discoveries.

The collaboration adds 8,500m of aircore drilling to Mantle's ongoing exploration, totalling approximately 38,500m.

Mantle will also retain full ownership of any potential discoveries and have the right to continue drilling to substantiate any possible resource and develop a mine.

Macquarie Asset Management's green investments team established Aula Energy, an onshore renewable energy venture, to attract long-term investment capital.

Aula Energy plans to create a diverse portfolio of utility-scale wind, solar, and integrated battery projects in Australia and New Zealand.

Led by Chad Hymas, the business emphasises sustainable development through partnerships.

Aula Energy's initial 4GW portfolio spans every Australian state, with projects like the Boulder Creek Wind Farm in Queensland set to commence construction in 2024.

Tambourah Metals reported significant gold findings from the Tambourah King reverse circulation drilling program, with results of up to 28g/t gold, including highlights such as 2m @ 18.0g/t Au and 5m @ 6.1g/t Au.

The results confirm the continuity of high-grade gold mineralisation at the Tambourah Gold and Lithium Project in the Pilbara.

The 2022 and 2023 drilling campaigns revealed two gold mineralisation zones approximately 2m wide, separated by 8m.

The mineralisation continuously extends up to 150m and remains open down plunge to the north.

Genesis Resources Limited (ASX: GES) has applied and been granted a trading halt on the Australian Securities Exchange (ASX) until the commencement of normal trading on 22 November 2023 or when the company releases an announcement, whichever comes first.

This move is to help the company manage its continuous disclosure obligations as it prepares to release a material announcement regarding the results of a drilling program.

According to the company, there's no reason why the trading halt should not be granted or any necessity for more information about the halt to be given to the market.

Following the announcement, shares of Genesis Resources (ASX:GES) were unchanged at $0.007.

Pioneer Credit (ASX:PNC) has announced major shareholder Midbridge Investments Pty has purchased 6,055,000 shares.

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company.

Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

A shareholder owning more than 5% of a company must notify the market if they cease being a substantial shareholder.

When one of these large investors announces it is no longer a substantial shareholder, it may indicate they are planning to completely exit their holding.

As large positions can take many weeks (or even months) to unwind, this may put downward pressure on the company’s share price in the short-term.

Australia-based mining exploration company Marmota identified new high-priority drilling targets for additional uranium mineralisation at its Junction Dam uranium deposit.

Four new drill targets have been located north, east and south of Marmota's Saffron uranium resource. Three of the targets sit outside the current Saffron uranium resource area.

Six uranium-bearing paleochannels have been identified in the Saffron uranium deposit.

Due to the new stratigraphic model, the company is expected to improve its targeting of high-grade uranium mineralisation.

Adalta (ASX:1AD) has announced major shareholders Stuart Morris and Sacavic Pty has bought 33,862,999 shares.

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company.

Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

A shareholder owning more than 5% of a company must notify the market if they cease being a substantial shareholder.

When one of these large investors announces it is no longer a substantial shareholder, it may indicate they are planning to completely exit their holding.

As large positions can take many weeks (or even months) to unwind, this may put downward pressure on the company’s share price in the short-term.

Zenith Minerals confirmed nickel sulphide targets at the Hayes Hill Lithium-Nickel Project in Western Australia after electromagnetic geophysical surveys.

The surveys confirm two robust sub-surface nickel sulphide drill targets, one west and another south of the well-defined surface geochemical targets at Green Bananas.

Zenith is progressing, drill permitting and aims to test these targets soon.

The Hayes Hill Project, with untested lithium and nickel potential, lies in a mineral-rich corridor positioned near known lithium deposits and nickel prospects.

Marquee Resources and joint venture partner Mineral Resources (ASX:MIN) completed a high-resolution airborne magnetic and radiometric survey over the West Spargoville Lithium Project in Western Australia.

The survey revealed a correlation between magnetic low anomaly patterns and mapped pegmatites, identifying multiple areas with anomalous magnetic low features.

The company plans to resume drilling in the first quarter of 2024 to investigate these magnetic low features, interpreted as large, buried pegmatites.

The survey, covering 2,325 line km, provides detailed geophysical images, enhancing targeting tools for future exploration.

Xanadu Mines announced a placement to eligible investors of over 78 million fully paid ordinary shares at an issue price of 5.5 cents each, aiming to raise around $4.3 million.

The placement will occur in two tranches; the first of about 63 million new shares is unconditional, while the second tranche of over 15 million new shares is conditional on documentation and conditions involving major shareholder Zijin Mining Group.

Domestic and international institutions support the placement and include participation from Zijin Mining Group, pending approval.

Proceeds of the placement and the company's current reserves allow it to continue its Horizon 2 & 3 strategy.