THE ROADHOUSE PHARMACY: PhytoTech Medical Limited (ASX: PYL), an Australian listed medical cannabis company, announced it has entered into an agreement to acquire 100 per cent of the issued capital of Canadia-based multinational vertically integrated medical cannabis company MMJ Bioscience Inc. (MMJ). PhytoTech described the deal, which will see the two companies become the Cheech […]
THE ROADHOUSE PHARMACY: Actinogen Limited (ASX: ACW) has had the results of a Phase I study for the company’s lead drug candidate, Xanamem™ reviewed by the independent Dose Escalation Committee. Actinogen is an Australian biotechnology company focused on the development of novel treatments for Alzheimer’s disease and other major age-related neurodegenerative disorders. The company has […]
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has encountered high‐grade gold mineralisation during the first stage of RC drill testing of gold anomalism at the Smokebush Dolerite target. The Smokebush Dolerite target is part of the Riviera‐Smokebush Gold Camp Scale Target, which is within the company’s South Yamarna Joint Venture with Sumitomo Metal Mining […]
THE ROADHOUSE BOWSER: Austin Exploration (ASX: AKK) announced the formation of a Joint Venture with Pierre Energy Partners to develop Pierre Shale prospects at the company’s 100 per cent-controlled 11,560 acre oil and gas property in Fremont County, Colorado. Austin and Pierre Energy have agreed to terms for two Pierre wells to be drilled back-to-back […]
THE DRILL SERGEANT: Apollo Minerals (ASX: AON) has claimed to have discovered a substantial nickel sulphide system at the Plato prospect within the company’s Fraser Range nickel project in Western Australia. The announcement follows a review of exploration data the company carried out with independent geological consultants CSA Global. The review compared all drilling results […]
THE DRILL SERGEANT: Brisbane-based drilling services company Mitchell Services (ASX: MSV) has picked up a three year contract worth an estimated $25 million. The deal has been struck with global mining company Anglo American and includes the provision of six rigs, with opportunities for additional services based on performance during the term of the contract. […]
THE DRILL SERGEANT: Lucapa Diamond Company (ASX: LOM) is preparing the next phase of a kimberlite exploration program at the company’s Lulo diamond concession in Angola. Lucapa explained the aim of the 24-month program will be to build on exploration results it has achieved so far at the project to further evaluate know diamondiferous pipes […]
THE BOURSE WHISPERER: Peak Resources (ASX: PEK) has landed a $5 million unsecured loan to allow it to continue to advance development activities for the company’s Ngualla rare earth project in Tanzania. The loan has been provided to Peak by Jersey-based Appian Natural Resource Fund. In February this year, Peak announced a strategic funding deal […]
THE CONFERENCE CALLER: The RIU Sydney Resources Round-up is shaping up to be a boomer with a program boasting more than 40 mid-cap resource exploration and mining companies presenting over the two day conference. Such a stellar line-up combined with 55 booths in the exhibition area – occupied by senior management staff ready and willing […]
THE INSIDE STORY: A strong pre-feasibility study result has cashed up uranium play Anatolia Energy ready to take its Temrezli uranium project to the next level. Anatolia Energy (ASX: AEK) managing director Paul Cronin is such a busy man at the moment the Resources Roadhouse had to make two appointments during his recent flying visit […]
