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Weekly wrap: record highs followed by a slight slip
The Australian share market had another positive week, reaching fresh record highs twice before slipping back a little in Friday trade. By the close on Friday the ASX 200 Index was down 0.1% or 8.1 points to 8436.2, as seven of the 11 sectors fell. That followed on from Thursday’s fresh record high of 8444.3 […]
Algorae Pharma’s drug AI-168 shows cardioprotection, outperforms beta blockers in pre-clinical studies of proliferation
Algorae Pharmaceuticals (ASX: 1AI) has announced positive results from pre-clinical studies evaluating the protective qualities of its cardiovascular drug candidate AI-168. The pre-clinical assessments at the Monash Victorian Heart Institute in Melbourne were designed to further evaluate the drug’s formulation and compare its performance with beta blockers using well-established in vitro models of cardiovascular disease. […]
Latitude 66 strengthens KSB project with new scoping study, EU-funded UNDERCOVER program
Latitude 66 (ASX: LAT) has appointed Como Engineers to undertake a scoping study on its Kuusamo Schist Belt (KSB) gold and cobalt project in northern Finland. The study will help define a project based on the existing JORC mineral resource of 7.3 million tonnes at 2.7 grams per tonne gold for 650,000 ounces and 0.08% […]
Aurum Resources achieves 80% JV interest at Boundiali gold project in Côte d’Ivoire
Aurum Resources (ASX: AUE) is on target to release a maiden resource at the Boundiali gold project in Côte d’Ivoire while also earning an 80% project interest in the BM Joint Venture (JV) project. The company achieved this milestone after subsidiary Plusor Global completed 105 holes and more than 24,000m of diamond drilling (DD) on […]
MTM Critical Metals and Indium Corp partner to bolster US strategic minerals supply chain
MTM Critical Metals (ASX: MTM) has formed a strategic partnership with New York-headquartered Indium Corporation, one of the Western world’s largest suppliers of refined gallium, germanium, indium and other specialty technology metals. Gallium, germanium and indium are considered of strategic global importance due to their critical roles in highly sensitive commercial and military technologies. MTM’s […]
Warriedar Resources reports high antimony recovery from test work at Golden Range
Warriedar Resources (ASX: WA8) has achieved an important breakthrough in its strategy to obtain additional value through the significant antimony upside at its Golden Range project in Western Australia. While the project’s gold resources remain the primary focus, Warriedar is moving quickly to take advantage of antimony’s dramatic price increase this year. The company has […]
Energy sector skills shortage remains a major concern despite strong employment growth
A new International Energy Agency (IEA) report has found that, while global energy sector employment growth outpaced the wider economy in 2023, skill shortages remain a major concern. The IEA study found that strong energy industry employment growth in 2023 was buoyed by a wave of investment in the manufacturing of clean energy technologies. However […]
AVJennings board backs takeover bid from Proprium Capital and AVID Property Group
The board of leading Australian home builder AVJennings (ASX: AVJ) is set to recommend shareholders vote in favour of a proposed takeover offer from Proprium Capital Partners and AVID Property Group. The company’s directors have informed shareholders that they believe the indicative proposal provides an opportunity to realise their investment in AVJennings at a price […]
Barton Gold sets up 2025 growth with Tunkillia and Tarcoola advancements
South Australian gold miner Barton Gold (ASX: BGD) (OTCQB: BGDFF) is confident it is well-positioned to take significant steps in 2025 to bring its Tunkillia and Tarcoola projects closer to commercialisation. Non-executive chair Ken Williams told the company’s AGM today that Barton is set to build on what has been a highly successful 2024, with […]
Great Western Exploration divests non-core Yandal West gold project to Albion Resources
Great Western Exploration (ASX: GTE) has entered into a binding agreement to divest its non-core Yandal West gold project in Western Australia to Albion Resources (ASX: ALB). The all-scrip deal will see Great Western retain exposure to future exploration success at the project through a significant shareholding in Albion. Completion of the transaction is expected […]
Algorae Pharmaceuticals strengthens advisory board with appointment of Dr Sarah Siggins
Algorae Pharmaceuticals (ASX: 1AI) has appointed industry executive Dr Sarah Siggins to its scientific advisory board. Dr Siggins has more than 14 years of pharmaceutical experience, including senior roles at global companies Johnson & Johnson Innovative Medicine (Asia Pacific) and Bristol-Myers Squibb, where she led the development and execution of medical strategies across neuroscience, oncology, […]
Green Critical Minerals on track for construction of VHD graphite block pilot plant
Green Critical Minerals (ASX: GCM) has reported that construction of a pilot plant to produce very high density (VHD) graphite blocks is on track for commercialisation in the new year. The project is being partly funded by the $2.48 million capital raising conducted earlier this month and critical equipment has since been ordered and is […]
Platinum market faces supply deficit amid rising automotive and jewellery demand
The World Platinum Investment Council (WPIC) predicts that automotive demand for the precious metal will reach an eight-year high in 2025 but expects this to be offset by a significant decline in industrial demand. WPIC chief executive officer Trevor Raymond noted that, as automakers adjust strategies to boost sales of lower-CO2, internal combustion engine-based hybrid […]