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Futures suggest Australian shares will open higher today, despite iron ore prices falling back to $US100 (A$149.81) a tonne.
This is warm news for the local share market after suffering losses in the past four sessions.
Here are some ASX-listed companies with news out today:
Everest Metals (EMC) has announced that Rio Tinto Exploration, a subsidiary of Rio Tinto (RIO), is mobilising to EMC’s North Rover tenement for a planned seven-hole reverse circulation drilling program.
RTX will cover 1400 metres of potential pegmatite-hosted lithium mineralisation beneath weathered pegmatite outcrops over ten days.
“EMC is pleased Rio Tinto Exploration has decided to progress to the next stage of the North Rover earn-in with the commencement of this drilling program, it’s exciting to have a major earn-in partner in exploring this relatively underexplored part of the EMC portfolio,” EMC CEO Simon Phillips said.
Shares in EMC last traded at 23 cents.
Altech Batteries (ATC) has engaged the Centre of International Climate and Environmental Research (CICERO) at the University of Oslo to evaluate the green credentials of its CERENERGY battery and project.
ATC’s CERENERGY batteries have been shown to exhibit 50 per cent lower GHG emissions compared to lithium-ion batteries.
“There is clearly an environmental advantage of the CERENERGY battery and proposed factory considering the GHG footprint evaluation conducted by independent groups, we anticipated from the outset that our batteries would be classified as ‘green batteries,'” ATC Managing Director Iggy Tan said.
Shares in ATC last traded at 9 cents.
Meanwhile, Adavale Resources (ADD) has confirmed “massive” sulphide mineralisation at its Luna Central prospect, which has returned more than four metres of 0.99 per cent nickel from 223 metres.
Within this intersection, Adavale discovered a broader interval of 12.15 metres at 0.46 per cent nickel from 221.35 metres, including two metres at 0.57 per cent nickel from 249 metres.
“These results are extremely encouraging as we continue to drill and seek to unlock the strike potential of this mineralisation, based on our extensive AMT, soil and EM datasets covering this area,” ADD Executive Director David Riekie said.
Shares in ADD last traded at 3 cents.
Droneshield (DRO) has had several of its products assigned a NATO Stock Number (NSN).
An NSN is a 13-digit numeric code that identifies the “standardised material items of supply” recognised by all NATO countries, including the United States Department of Defense.
Any of the 31 NATO militaries can now purchase the items on a “military catalogue” basis,
significantly simplifying the procurement process.
Shares in DRO last traded at 26 cents.
Iris Metals (IR1) has recorded “outstanding” lithium rock saw and rock chip assays from its recently acquired Beecher project in South Dakota, USA.
At the company’s historic Longview Lithium mine sampling was conducted across three trenches, which returned 44.13 metres at 1.02 per cent lithium oxide from trench three.
“Having viewed the spectacular wide and coarse-grained spodumene pegmatites in each trench at Beecher project, it’s exciting to be drilling and to get into the fresh spodumene zones, in general, the surface material in the Longview pit is strongly weathered with corresponding leached lithium content,” IR1 Director Bruce Smith said.
Shares IR1 last traded at $1.75.
