In Case You Missed It: Nickel finds, air compressors and high grade niobium
Stockhead’s In-Case-You-Missed-It highlights some strongest performing ASX stocks that might have slipped your notice today.
It’s a short, sharp update to help frame the trading day by showing some of the biggest movers in percentage terms.
Stocks highlighted in green have made market-moving announcements (click headings to sort).
Resources & Energy Group (ASX:REZ) says it may have a large and shallow open pittable nickel sulphide deposit at Springfield, part of East Menzies project in WA.
A new drill result hit an economic grade interval of 8m @ 0.64% nickel, 469ppm cobalt and 45ppb (Pt+Pd) from 102m, within a broader 17m interval grading 0.40% nickel, 295 ppm cobalt and 32ppb (Pt+Pd).
“This is a strong indication that REZ has identified a large and shallow nickel deposit with prospects for open cut development,” REZ boss J. Daniel Moore says.
REZ is waiting on precious metals assays from Springfield in the coming weeks, before planning work commences on the next stage of drilling.
Downhole EM will also be conducted on the hole mentioned above “seeking a massive nickel target”.
Air compressor engineer, product developer and manufacturer Sprintex (ASX:SIX) has developed higher voltage options of 48V to 800V of the S15 Fuel Cell compressor in response to industry demand confirmed and plans to present them at the World Hydrogen Technology Conference in Houston Texas USA, on 28-29 June 2023.
The new S15 water treatment versions include ‘Smart Pulse Aeration’ (SPA) technology, which in addition to the initial energy savings from its high efficiency direct drive technology, saves around 30% energy over traditional compressors and improves the oxygenation efficiency of the same volume air delivery to the body of water, further reducing energy consumption.
WA1 Resources (ASX:WA1) has reported more thick high grade niobium drill results at Luni, part of the West Arunta project in WA, with new drill highlights including 10m at 8.3% Nb2O5 within an overall interval from 78m of 42m at 2.7% Nb2O5.
“These latest assay results now demonstrate that Luni has a large and extremely high-grade niobium footprint which we are working to extend further,” WA1 managing director Paul Savich says.
“We are also very pleased to have received initial mineralogy results reporting high-purity primary niobium-bearing minerals with strong liberation characteristics in the samples examined.”
Diamond drilling has kicked off focused on infill for the maiden resource estimate in Q4-2023.
And Botanix Pharmaceuticals (ASX:BOT) has secured a new sublicence and distribution agreement with Dong Wha Pharma, one of Korea’s first and oldest pharmaceutical companies, for its Sofpironium Bromide product in South Korea.
Botanix’s partner Kaken and in turn Botanix, will receive a share of upfront payments, milestones and royalties based on net sales of the product.
At Stockhead we tell it like it is. While Sprintex is a Stockhead advertiser, they did not sponsor this article.