Connect with us

Australia

S&P/ASX 200 closes flat as Victoria records 17 new COVID-19 cases

S&P/ASX 200 (INDEXASX:XJO) ended the day 10 points or 0.17% up at 5954 and has now closed between 5,900 and 6,000 for six sessions in a row.

Real estate was the biggest gainer, up 1.2% followed by the consumer discretionary and industrial sectors. The consumer staples sector had the biggest fall, down 0.6%.

Covid-19 update[hhmc]
The largest single-day increase in global coronavirus cases was recorded on Sunday, according to the World Health Organization, after more than 183,000 new cases were confirmed worldwide.

The US saw more than 36,000 new cases on Sunday after more than 30,000 new cases were reported on both Friday and Saturday.

Australias Victoria state recorded 17 new cases of COVID-19, resulting in the closing of two primary schools in Melbourne.

Victorian premier Daniel Andrews said there would be “significant community transmission” among the new cases.

Top movers[hhmc]
The biggest movers today include Western Areas (ASX:WSA), up 16% to $2.68 and Challenger (ASX:CGF) w..

S&P/ASX 200 (INDEXASX:XJO) ended the day 10 points or 0.17% up at 5954 and has now closed between 5,900 and 6,000 for six sessions in a row.

Real estate was the biggest gainer, up 1.2% followed by the consumer discretionary and industrial sectors. The consumer staples sector had the biggest fall, down 0.6%.

Covid-19 update


The largest single-day increase in global coronavirus cases was recorded on Sunday, according to the World Health Organization, after more than 183,000 new cases were confirmed worldwide.

The US saw more than 36,000 new cases on Sunday after more than 30,000 new cases were reported on both Friday and Saturday.

Australias Victoria state recorded 17 new cases of COVID-19, resulting in the closing of two primary schools in Melbourne.

Victorian premier Daniel Andrews said there would be “significant community transmission” among the new cases.

Top movers


The biggest movers today include Western Areas (ASX:WSA), up 16% to $2.68 and Challenger (ASX:CGF) was down 10% to $4.8.

Proactive news headlines:

PolarX completes $3.76 million placement, prepares to begin Zackly East drilling


PolarX Ltd (ASX:PXX) has completed the placement of 98,982,894 ordinary shares at an issue price of 3.8 cents per share to raise $3.76 million. The company is now funded for a 3,000-metre drilling program at the Zackly East gold-copper skarn within its Alaska Range Project.

Castillo Copper raises $2.1 million to accelerate drilling at priority Arya prospect of Mt Oxide pillar


Castillo Copper Ltd (ASX:CCZ) has raised $2.1 million after completing a placement to current and new sophisticated and institutional investors with funds to expedite a drilling campaign at the Mt Oxide pillar in Queenslands copper-belt.

MGC Pharmaceuticals awarded GMP licence for EU cannabinoid medicine production facility


MGC Pharmaceuticals Ltd's (ASX:MXC) (OTCMKTS:MGCLF) Slovenian production and compounding facility has been awarded a landmark three-year Good Manufacturing Practice (GMP) licence from EU authorities for the production of pharma grade cannabinoid-based medicines and products.

Blackstone Minerals intersects 15.4-metre-wide zone of nickel sulphides at Ta Khoa


Blackstone Minerals Ltd (ASX:BSX) (FRA:B9S) has intersected a 15.4-metre-wide zone of nickel sulphide mineralisation at Ban Chang prospect of its Ta Khoa Nickel-PGE project in Vietnam. The maiden four drill holes at Ban Chang have all intersected massive sulphide nickel over a 1.2-kilometre strike within a 1.2-kilometre-long massive sulphide target zone defined by high-priority electromagnetic (EM) plates.

Horizon Minerals on-track for first gold from Boorara next month


Horizon Minerals Ltd (ASX:HRZ) is ahead of schedule with mining and haulage for the first stage of Boorara Gold Mine in the Goldfields of Western Australia and is on track for first gold production in July. Mining began on May 6, 2020, and the first ore parcel of 25,000 tonnes has been hauled from Regal East to the Lakewood Mill.

Piedmont Lithium appoints Primero Group as preferred EPC contractor for spodumene concentrator


Piedmont Lithium Ltd (ASX:PLL) (NASDAQ:PLL) has entered into a memorandum of understanding (MOU) with Primero Group Ltd (ASX: PGX) for the delivery of a spodumene concentrator on an Engineer, Procure, and Construct (EPC) basis at the Piedmont Lithium Project in North Carolina.

Venus Metals higher on shallow bonanza-grade gold results from Youanmi JV project


Venus Metals Corporation Ltd (ASX:VMC) is encouraged by shallow bonanza-grade infill drilling results returned by joint venture partner Rox Resources (ASX:RXL) from the Youanmi Gold Project in Western Australia. The best result was 4 metres at 88.81 g/t from 27 metres, including 2 metres at 176.03 g/t at Grace prospect while other bonanza-grade results include 3 metres at 61.27 g/t from 10 metres and 2 metres at 33.53 g/t from 11 metres.

King River Resources launches SPP for shareholders to purchase up to $30,000 in shares


KingRead More – Source

Continue Reading

Australia

Alkane Resources meets upgraded FY2020 guidance for Tomingley Gold Operations

Alkane Resources Limited (ASX:ALK) has met the FY2020 gold production guidance of between 30,000 ounces to 35,000 ounces.at its Tomingley Gold Operations in Central West New South Wales.

The operations produced 33,507 ounces of gold for the 12 months to June 30, 2020, with preliminary all in sustaining costs (AISC) of $1357 per ounce produced, which also fell within cost guidance of $1,250 to $1,400 per ounce.

Guidance for the 2020 financial year was upgraded following the September 2019 quarter.

“Great potential”[hhmc]
Alkane managing director Nic Earner said: “The team at Tomingley Gold Operations continues to perform very well, consistently meeting or exceeding guidance.

“With an updated mine plan soon to be released and the great potential being shown very close to the mine, through our exploration at Roswell and San Antonio, we remain buoyant about the longer-term prospects at Tomingley.

“The board and management acknowledge and thank the team at Tomingley for their strong an..

Alkane Resources Limited (ASX:ALK) has met the FY2020 gold production guidance of between 30,000 ounces to 35,000 ounces.at its Tomingley Gold Operations in Central West New South Wales.

The operations produced 33,507 ounces of gold for the 12 months to June 30, 2020, with preliminary all in sustaining costs (AISC) of $1357 per ounce produced, which also fell within cost guidance of $1,250 to $1,400 per ounce.

Guidance for the 2020 financial year was upgraded following the September 2019 quarter.

“Great potential”


Alkane managing director Nic Earner said: “The team at Tomingley Gold Operations continues to perform very well, consistently meeting or exceeding guidance.

“With an updated mine plan soon to be released and the great potential being shown very close to the mine, through our exploration at Roswell and San Antonio, we remain buoyant about the longer-term prospects at Tomingley.

“The board and management acknowledge and thank the team at Tomingley for their strong and continued safety and production performance.”

The updated Tomingley Gold Operations mine plan is undergoing final review and approval and will be released along with FY2021 guidance.

Strong financial position


The strong 12-month performance at Tomingley has coincided with a 25% appreRead More – Source

Continue Reading

Australia

eSense-Lab to break into US market with appointment of distributor for future terpenes-based sanitiser products

eSense-Lab Ltd (ASX:ESE) has initiated its expansion into the worlds largest consumer base for terpenes-based products globally with the appointment of US-based Blue Science Solutions LLC.

The new distributor will provide a cost-effective entry point to the US market via an established supply chain network, plus a viable solution logistically for entry of eSenses terpenes-based products into the worlds largest consumer networks.

Blue Science, an approved supplier to the IBM Rapid Supplier Connect initiative, will receive an arms length standard commission on all sales.

Sales commitments[hhmc]
Under the exclusive sales agency agreement, Blue Science has committed to sales of A$3 million in the first 12 months of the deal to maintain exclusivity.

Assuming the agreement is renewed after the initial 12-month term, Blue Science will source sales for a combined total of A$10 million of products through its network over the first five years of the deal.

If these minimum sales targets are..

eSense-Lab Ltd (ASX:ESE) has initiated its expansion into the worlds largest consumer base for terpenes-based products globally with the appointment of US-based Blue Science Solutions LLC.

The new distributor will provide a cost-effective entry point to the US market via an established supply chain network, plus a viable solution logistically for entry of eSenses terpenes-based products into the worlds largest consumer networks.

Blue Science, an approved supplier to the IBM Rapid Supplier Connect initiative, will receive an arms length standard commission on all sales.

Sales commitments


Under the exclusive sales agency agreement, Blue Science has committed to sales of A$3 million in the first 12 months of the deal to maintain exclusivity.

Assuming the agreement is renewed after the initial 12-month term, Blue Science will source sales for a combined total of A$10 million of products through its network over the first five years of the deal.

If these minimum sales targets are not achieved, the agreement will automatically become non-exclusive.

Blue Science said it was aware that the minimum sales targets were “potentially ambitious targets” but added that Blue Science had generated more than US$2.5 million in revenue in the last financial year and had experienced increased demand in recent months as a result of a global shortage in sanitiser products.

CDIs to be issued


In exchange, eSense will issue 10 million CDIs in the company to Blue Science or its nominees.

The CDIs, which represent around 2% of the issued and outstanding CDIs, will have a deemed issue price of 1 cent each and will be issued from eSenses existing placement capacity.

Blue Science is an established company that uses only natural ingredients to deliver non-toxic, cleaning and disinfecting solutions that has applications across a variety of industries.

It was formed in 2013 by Slade Smith, a registered professional industrial hygienist and an Institute of Inspection, Cleaning and Restoration Certification Master Restorer-accredited scientist with two decades of research and practical experience.

Part of IBM program


As an approved supplier to the IBM Rapid Supplier Connect initiative, Blue Science intends to introduce future products for sale through its supply chains.

This IBM network is designed to provide support for supplier identity using blockchain technology and aims to help buyers in the US and Canadian healthcare and government sectors find supplies and services in an unconventional marketplace with greater efficiency.

In order to be accepted into the IBM network, Blue Science needed to demonstrate to IBM that it recorded revenue in its prior financial year of over US$2.5 million.

Certain products targeted


The agreement covers all terpenes-based products to be developed by eSense, both in conjunction with Blue Science and with other third parties, in the cleaning and disinfecting solutions market.

It is still finalising product formulations which are expected to take two to three months to complete. It expects its firstRead More – Source

Continue Reading

Australia

88 Energy set to move XCD offer to compulsory acquisition

88 Energy Ltd (LON:88E) told investors its offer for XCD Energy has now reached a level that guarantees it will reach the minimum threshold required for compulsory acquisition.

The AIM-quoted Alaska focussed exploration firm said that as a result the offer period will not be extended beyond July 13, at 7:00pm (Sydney).

READ: 88 Energy agrees takeover of XCD Energy[hhmc]
“Those that wish to benefit from the 7 day accelerated payment terms should accept into the offer immediately or risk a delay of up to approximately 50 days to receive the consideration shares under the compulsory acquisition timetable,” 88 Energy said in a statement.

In May, 88 Energy said the combination withRead More – Source

[contf]
[contfnew]

Proactiveinvestors
[contfnewc]
[contfnewc]

88 Energy Ltd (LON:88E) told investors its offer for XCD Energy has now reached a level that guarantees it will reach the minimum threshold required for compulsory acquisition.

The AIM-quoted Alaska focussed exploration firm said that as a result the offer period will not be extended beyond July 13, at 7:00pm (Sydney).

READ: 88 Energy agrees takeover of XCD Energy


“Those that wish to benefit from the 7 day accelerated payment terms should accept into the offer immediately or risk a delay of up to approximately 50 days to receive the consideration shares under the compulsory acquisition timetable,” 88 Energy said in a statement.

In May, 88 Energy said the combination withRead More – Source

Continue Reading

Trending