The company now holds just under a 20 per cent stake in De Grey.

Gold Road have said it does not intend to make a takeover bid or other offer for De Grey but reserves its rights to do so and to make further investments in the company at any time.

De Grey is a gold miner who is growing its new gold discovery Hemi, within the Mallina gold project in Western Australia.

The mining company said it is focused on delivery of its strategy to become a tier one gold producer and remains on track to release a pre-feasibility study in the current 2022 quarter.

Earlier this month, De Grey reported a major new gold intersection at the Hemi zone within its Mallina gold project in Western Australia.

Drilling at the Diucon deposit, west of Hemi, intersected 359.4 metres at 1.2 grams per tonne (g/t) gold through the Diucon mineralised intrusion from 530 metres downhole in HEDD128.

This major intersection lies 200 metres below the Diucon MRE area and, according to De Grey represents one of the best and deepest intercepts drilled at Hemi.

On the market, De Grey was down two per cent and trading at 98 cents per share at 1:50 pm AEST.

The study was done between Antisense and the US-based researchers led by Dr Igor Koralnik.

Under the collaboration, blood samples collected from long COVID-19 patients who hadn’t been hospitalised were used to generate data on up to 7000 proteins in the blood using a large-scale protein analysis known as proteomics.

One of the aims of this analysis was to assess if neuro long COVID-19 patients may have been amendable to treatment with the company’s immunomodulatory drug ATL1102 which has previously shown biologic activity in MS patients.

Leading proteomics group, Somalogic successfully tested the samples using its SomaScan assay. Data was then analysed using the Dataviz program.

This data identified a number of proteins that are significantly modulated in the blood of long neuro COVID-19 patients when compared to patients who had recovered from long COVID-19 with no persistent symptoms and to healthy subjects.

These identified proteins can now be used as diagnostic markers who could help in the identification of neuro long covid patients for better designed clinical trials and potentially for earlier treatment intervention.

Antisense said this data will be included in the recently filed applications as a potential diagnostic and therapeutic targets for the treatment of long COVID-19.

“The collaboration with Antisense Therapeutics has generated promising novel data in long COVID-19 patients in identifying potential disease biomarkers and represents an important advance towards the goal of establishing effective disease diagnostics and interventional treatments,” Dr Koralnik said.

“We look forward to continuing our scientific collaboration with Antisense Therapeutics and to advancing such endeavours through our active involvement.”

ANP shares have gained 18.2 per cent on the market to trade at 13 cents as of 1:42 pm AEST.

The program included 10 holes for a total of 1478 metres of drilling.

The first area drilled was target L3, however the two holes drilled in the area failed to reach the target depth of 150 metres due to drilling related issues. Due to this, GSM bought a larger and powerful RC rig to the site, completing the remaining holes.

Samples from the two holes have been sent to Perth for assaying before the replacement rig arrives on site.

Golden State said the only anomalous results were recorded in hole 22GSYSRC0020 which intersected eight metres at 21 parts per billion (ppb) gold from 63 metres and three metres at 128 parts per million lithium from 91 metres at the end of the hole.

“We are pleased to have completed our Yule project lithium and gold focused RC drilling campaign at Target 2A,” Managing Director Michael Moore said.

“This 1478-metre program was designed to follow up on the anomalous lithium pathfinder elements identified in previous aircore drilling as well as a significant arsenic anomaly.”

Additionally, the company has received assay results from its reconnaissance aircore drill program completed at Four Mile Well in early July. This program included 27 holes for 1162 metres.

Three of the aircore holes returned gold intercepts that were considered anomalous. The most significant intercept was recorded in hole 22GSFMAC0069 which returned four metres at 224 ppb gold from 16 metres in an interpreted porphyry unit.

GSM shares were down 3.45 per cent to close at 5.6 cents each.

The Mt Thirsty Project is held in an equally-split joint venture (JV) with Greenstone Resources (GSR).

A phase one drilling program is testing for extensions to a recent platinum group element (PGE) discovery less than 200 metres from the JV’s northern tenement boundary.

Diamond drill hole MTJV001 was the first of 20 holes to be drilled as part of thedrilling campaign and was targeting mineralisation associated with the same geology hosting Galileo Mining’s recent discovery.

The hole intercepted 65 metres of disseminated sulphides, including 43 metres of disseminated sulphides in ultramafics from 190 metres downhole, three metres of heavily disseminated sulphides in sediments from 233 metres and 19 metres of sulphides in fluid altered ultramafic from 263 metres.

Mineralisation is hosted on the contact between an ultramafic sill and a sedimentary unit, which is the same as Callisto, according to Conico.

“The company is delighted to have intersected a thick continuous zone of heavilydisseminated nickel-copper sulphides in the very first hole drilled in this program,” Conico Executive Director Guy le Page said.

“Importantly, this hole is interpreted to have intercepted the same geological horizonas that hosting the Callisto discovery, potentially extending the known strike horizon toover 400 metres, while remaining open in all directions.”

Conico is expecting full assay results within the next four to six weeks.

The drill rig is now moving north to drill MTRC014D.

On the market, CNJ shares jumped 22.2 per cent in the green to trade at 5.5 cents and GSR was up 11.8 per cent to trade at 7.6 cents just before market close.

Results from SL-02 averaged 9.5 tonnes per cubic metre and SL-03 averaged 9.8 tonnes per cubic metre.

The company said these results are “particularly notable” due to the shallow depths of around 170 to 300 metres, from which the samples were collected.

Recently, TMK completed adsorption isotherm analysis and petrography studies of coal samples from the SL-01 well.

The studies reportedly indicated that the coal seams are highly saturated with gas saturation value results ranging from 78 to 92 per cent with an average value of 84 per cent.

TMK said gas saturation is an important parameter which impacts the production profile of the wells and high gas saturation generally means gas production occurs soon after bringing the well online and increases the overall gas recovery.

CEO Brendan Stats said exploration continues to “exceed expectations.”

“It is rare to get a combination of thick shallow coal with high gas content and high permeability, which is why the results to date are exceptional,” he said.

“These parameters suggest the initial development will be relatively simple, consisting of cheap shallow vertical wells in the first instance, with the deeper coal seams to be targeted later in the project development phase.”

TMK is currently in process of re-drilling SL-03 to intersect the lower seam at this location. The well is currently at a depth of 260 metres having intersected the upper coal seam.

Mr Stats said TMK will work towards completing the initial exploration program, with an initial contingent resource and progressing the pilot well program stage before the end of the year.

TMK shares are in a halt and last traded at one cent each on August 12.

The MRE for Boyatup is 60 million tonnes at 97.8 per cent silicon dioxide and is based on a March drilling program.

The drilling program included 46 hand-held auger and 160 vacuum drill holes to a depth of three to four meters for a total of 312 metres.

VRX said drilling intersected high quality silica sand which has been assayed and modelled in the maiden MRE.

Silica sand from Boyatup is reportedly suitable for industries such as glass making.

Managing Director Bruce Maluish said that the mineral resource has confirmed his belief that this is a “significant silica sand project for VRX.”

“This maiden mineral resource estimate has added significantly to our currentinventory, bringing our total silica sand resources to 1.12 billion tonnes,” he said.

“The sand identified at Boyatup is different in nature to our existing identified deposits and can open up new supply markets that differ from our other projects.

“Boyatup ultimately will export through the Esperance Port meaning production isnot limited to the logistical constraints of the Kwinana and Geraldton ports. The Esperance Port is capable of handling Cape sized vessels of up to 200,000 tonnes.”

On the market, VRX were up 6.06 per cent to trade at 17.5 cents per share as of midday AEST.

The company has found that the combination of its Monepantel (MPL) drug candidate and the standard of care can more than double the life expectancy of dogs.

In the trial, 27 dogs were treated using MPL monotherapy, and of the 16 pet dogs with optimum blood levels, 13 achieved stable target lesions. This includes one dog with a partial response (60 per cent regression).

Nine of the 16 dogs with optimum blood levels have achieved stable disease by response evaluation criteria in solid tumours (RECIST).

Veterinary trial centres have been set up in Australia, New Zealand and the US to evaluate the anti-cancer befit of MPL in dogs diagnosed with B-cell lymphoma and have not received any previous cancer treatments.

PharmAust will need more than or equal to 18 dogs with a clinical benefit out of 46 dogs to meet its statistical endpoint.

After the trial, some veterinarians continued to use the MPL treatment and, sometimes, in combination with prednisolone. This saw an average extension of survival to these pet dogs of 16 to 24 weeks, more than double the life expectancy of the standard of care that typically provides six to eight weeks of survival.

US trials have commenced and will treat up to 10 dogs, following guidelines from the US Food and Drug Administration. While New Zealand recruitments have successfully gathered momentum with five dogs recruited.

PharmAust said it is in confidential exploratory discussions with a leading global pharmaceutical company to co-develop and commercialise MPL for the treatment of veterinary cancers.

Now the company is planning its phase three trial, where it plans to seek input for the canine cancer registration trial from potential licensing partners.

On the market, PAA shares were down 1.16 per cent to trade at 8.5 cents per share at 1:32 pm AEST.

Interpretation work discovered that the dense unit extends over a 2000-metre strike, varies in width between 200 to 450 metres and has an estimated depth of around 150 and 250 metres below the surface.

Dateline said the dense unit is located opposite and parallel to the USGS Thorium anomaly that prompted the rare earth elements (REE) search.

Managing Director Stephen Baghdadi said this is a “very encouraging” result.

“The gravity data confirms there are several areas of interest and there exists the potential for more than one carbonatite dyke within the claim boundary,” he said.

“The first zone targeted for drilling is around two kilometres in strike and trends NNW. The target is parallel to a thorium signature on the west and mantle derived rocks on the east.”

According to Dateline, there is potential to develop an underground access from the base of the Colosseum open pit mine.

Looking ahead, the company is planning a drilling program which would be the first systematic exploration program across the claims in over 25 years.

Drilling will assess the strike extent of the dense unit to determine if it is a REE-bearing carbonatite. The program will also test the full extent of the gravity highs.

Dateline shares were in the grey at 12.5 cents each at midday trade AEST.

The company has executed an agreement with the Sovereign Wealth Fund of Zimbabwe for the new exploration rights, which are contiguous to its current licence in the area.

Invictus’ acreage now covers the entire conventional oil and gas play fairway in the basin.

Following this agreement, the company has selected the Baobab prospect as the commitment well to be drilled in the expanded licence area.

At the Baobab prospect, Invictus will test one of the multiple Basin Margin targets which show similar characteristics to the prolific East Africa Rift “String of Pearls” play.

Managing Director Scott Macmillan said the combined exploration licences provided the company with a “basin master” position in the region.

“The exploration licences are focused on the core prospective area in the basin, which is covered by our CB21 Seismic Survey and minimises our holding costs through the relinquishment of non-prospective areas in the basin,” Mr Macmillan said.

“We are grateful for the constructive efforts by the Zimbabwe Government to conclude the amendments to the Petroleum Act to facilitate the signing of the Petroleum Production Sharing Agreement (PPSA).”

Shares in Invictus Energy were up 5.56 per cent to 29 cents per share at 10:57 am AEST.

After a year of booming prices for many of BHP’s commodities, the mining giants recorded a 34 per cent jump in profit to US$34.1 billion (A$48 billion), along with record underlying EBIDTA of US$40.6 billion at a record margin of 65 per cent.

The company saw its underlying profit up 39 per cent to US$23.8 billion.

BHP shareholders will be receiving final dividend of US$1.75 a share, bringing the full year dividends to US$3.25 per share.

BHP’s results was after a period of high global prices for many of the commodities including copper and coal.

Iron ore prices throughout the past financial year averaged between US$110 and US$140 a tonne, but have since fallen to as low as US$100 a tonne as COVID-19 restrictions soften steel demand in China.

“These strong results were due to safe and reliable operations, project delivery and capital discipline, which allowed us to capture the value of strong commodity prices. BHP remains the lowest cost iron ore producer globally and we delivered record annual sales from Western Australia Iron Ore,” CEO Mike Henry said.

“BHP enters the 2023 financial year in great shape strategically, operationally and financially, and well prepared to manage an uncertain near-term environment.”

BHP shares were up 4.09 per cent to trade at $40.51 per share at market close.

The company has seen support from the City of Rockingham’s Planning and Engineering Services Committee for the new facility’s development approval.

Support from the City of Rockingham paves the way for a recommendation to the joint development assessment panel for the grant of the development approval.

Currently, the West Australian Department of Water and Environmental Regulation (DWER) is completing its assessment on the facility, with approvals expected this current quarter.

Earlier this year, EcoGraf submitted works and development approvals for the new battery facility, with the company planning to achieve operational commissioning in the first half of 2023.

The new facility will use the company’s HFfree purification process.

EGR shares were down 1.02 per cent to trade at 48.5 cents per share at market close.

The total combined contract value is US$800,000 (A$1.2 million), and AVA is expecting the supply of material for both orders to be fulfilled in the first quarter of FY23.

This order builds on a previously-announced contract signed by AVA in June, which the company said was the largest energy sector sales order it had won.

Today’s contract means AVA has secured an extra US$500,000 from the same energy facility as the June contract, with the remaining US$300,000 for an installation order at a different energy facility.

AVA CEO Rob Broomfield said the new contracts reflected the “proven reliability and flexibility” of the company’s fibre detection system.

“We have identified other critical assets in the sector which we believe are well suited to our market-leading detection solutions and are aggressively pursuing these opportunities,” Mr Broomfield said.

“It is also pleasing that we are reaping the benefit of the investment we made during FY22 to grow our presence and capability in North America, the world’s largest security market and our main target market.”

AVA shares were up 1.96 per cent to 26 cents per share at 3:09 pm AEST.

The profit result was driven by a 21 per cent increase in group revenue to $1.54 billion and a 35 per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to $342.2 million compared to the 2021 financial year.

Managing Director and CEO James Warburton said these results reflected the successful completion of Seven West’s three-year strategy.

Mr Warburton said the EBITDA result was ahead of the company’s guidance and represented the best Seven television segment result in 11 years, the best EBDITA from the West Australian Newspapers in five years and the best group EBITDA result in six years.

“Seven is now the number one network nationally in audience share, and we have converted that into the number one position in revenue share, with a 39.1 per cent share of the national television advertising market across FY22,” he said.

“In the first half of the 2022 ratings survey year, Seven was number one in total people and 16 to 39s nationally, and less than one percentage point away from being number one in 25 to 54s. Seven won 14 of the 20 survey weeks and achieved the strongest audience share growth of any free-to-air commercial network.

“In the capital cities, Seven was number one in total people in the first half of the 2022 survey year and was the only commercial network to increase its audience share in total people and 25 to 54s.”

Seven said its financial year started strong with the airing of the Tokyo 2020 Olympics, which was delayed by a year due to COVID-19. This provided a launch pad for its financial year content line-up which included The Voice, SAS Australia, Dancing with the Stars and the AFL Finals.

In light of the full-year results, Seven West has launched an on-market share buyback of up to 10 per cent of its shares on issue

The buyback will be conducted on an opportunistic basis over the coming 12 months and funded from exisiting debt facilities.

On the market, SWM shares dropped 5.77 per cent to trade at 49 cents each at 12:53 pm AEST.

The company has not given any details to the market on how much it plans to raise or where the money will be spent.

Under the halt, company shares will be paused until Wednesday, August 17, or when further details on the raise are announced, whichever one comes first.

Last week, the company announced its investee, Cortical Dynamics, was granted a key patent relating to its Brain Anaesthesia Response Monitor (BARM) technology in the United States.

The BARM technology measures a patient’s brain electrical activity, theelectroencephalogram, in order to indicate how deeply anaesthetised a patientis during an operation.

BPH has also announced that its shareholders approved the investment in hydrogen tech company Clean Hydrogen Technologies Corporation.

The company and its investee, Advent Energy, have settled for a 10 per cent interest in Clean Hydrogen for US$1 million (A$1.4 million).

On the market, BPH last traded at 1.6 cents per share on August 12.

The company recently drilled 15 holes for 1428 metres at the Solis prospect, which has now confirmed that the geology and structural setting is prospective for gold mineralisation and remains open.

Results from the drilling include four metres at 4.4 grams per tonne (g/t) gold from 60 metres including one metre at 11g/t gold from 63 metres and one metre at 1.5g/t gold from 35 metres.

The program followed up from a large gold in regolith anomaly that spans more than one kilometre and was found in recent aircore drilling.

The RC drilling identified high magnesium basalts and intrusive sills which may be prospective for gold mineralisation, however, these were not recognised inthe aircore. Caprice said these areas will be assessed ahead of planning the next RC program.

Follow up reverse circulation drilling is planned for the coming months.

Managing Director Andrew Muir is pleased with the exploration results at Solis.

“All three drill programs have generated very encouraging results. This latest RC program has further validated the potential for Solis, as well as other areas under Lake Austin, to host gold mineralisation,” he said.

“The high grades seen on the mafic/high-Mg basalt contact is particularly promising. The geology, structures and alteration bode well, and we will look to undertake additional RC drilling to test Solis further.”

On the market, CRS shares were down 3.53 per cent to end the day trading at 8.2 cents.

The company has completed a DFS which is based on the Ross and Kendrick production areas which have combined resources of 21.8 million pounds of uranium oxide.

The DFS doesn’t include the Barber resource area with its 31.9 million pound resource base and highlights the opportunity for significant future growth for the Lance projects.

Key results of the DFS include a life of mine production of 14.4 million pounds of uranium over an estimated 14-year period, a gross revenue of US$895 million (A$1.2 billion) and a steady production rate of two million pounds of uranium per annum from year four.

The DFS expects a pre-tax present value with a discount rate of eight per cent of US$125 million and a 43 per cent internal rate of return on an average sale price of US$62.38 per pound of uranium.

Peninsula has been transitioning its Lance projects from an alkaline ISR method to a low-pH recovery operation, giving it potential to increase uranium recoveries without compromising public health, worker safety or the environment.

Managing Director and CEO Wayne Heili said the company has a “unique competitive advantage” in being the only US-based uranium company using the low pH ISR method.

“Based on the advanced development stage of the Ross Production Area, Peninsula has a rapid speed-to-market pathway opportunity that will allow the company to leverage current uranium market opportunities,” he said.

Throughout this year, the company has been working towards a final investment decision (FID) to recommence uranium mining at Lance, and completing the DFS helped the board assess the economic and long-term potential of the project.

A FID is expected to be made by the end of the year.

“The [DFS] results highlight the exciting economic potential of Lance. The feasibility conclusion is supported by a combination of very low capital intensity, low operating costs, competitive all-in sustaining costs, a short timeline to production and fully de-risked technical and regulatory regimes,” Mr Heili said.

“Importantly, the results confirm that the company is exceptionally well positioned to move ahead towards a development decision within the current dynamics of the uranium market.”

On the market, PEN shares dropped 10 per cent to trade at 18 cents per share as of 1:19 pm AEST.

Earlier this year, before kicking off aircore drilling in June, the company collected 74 rock chip samples at the Oriental, Porphyry and Whisper prospects.

Pursuit said sampling at the Oriental prospect returned “outstanding” assay results of up to 113 grams per tonne (g/t) gold, complementing the other high-grade results of 108 g/t and 10.5 g/t gold reported in May.

Pursuit said sampling around the shallow workings highlighted six zones of mineralisation and confirmed the prospect may not have been optimally explored through previous north-south-orientated drilling.

Meanwhile, mapping and sampling at Porphyry returned six rock chip samples greater than two g/t gold, which extended the known mineralisation to over 1200 metres in length.

Finally, the Whisperer prospect returned a significant rock chip result from old workings of 2.99 g/t gold.

“Rock chip sampling around the Oriental, Porphyry and Whisperer prospects have returned very high-grade results and the multi-element assay work undertaken now allows us to fingerprint the differing styles of gold mineralisation regionally, further refining future drill areas while we await our maiden AC drilling program results,” Pursuit Managing Director Bob Affleck said.

The company now plans to design a new drilling program for Oriental, expected to commence in the December quarter, with further programs to test Porphyry and Whisperer mineralisation.

Shares in Pursuit Minerals were up 17.65 per cent to two cents per share at 10:54 am AEST.

The company said these new targets had similar geochemical signatures to the high-grade Orion discovery in the area.

Moreover, the sampling program also helped Dreadnought improve its understanding of the lithostructural controls on mineralisation at the project, leading to the discovery of six new mineralised outcrops at the Thunderer prospect with similar signatures to Orion and a Grant’s look-alike at the Vanguard prospect.

Sampling results from these areas include 37 per cent copper, 163 grams per tonne (g/t) silver, one g/t gold and 0.03 per cent cobalt and 39.4 per cent copper, 165 g/t silver, 1.6 g/t gold and 0.02 per cent cobalt.

Due to the success of the program, Dreadnought said it had expanded the sampling program, with two auger rigs commencing next month.

“Our wide-spaced, low-impact auger sampling program at Tarraji-Yampi has been aresounding success and resulted not only in identifying additional Orion and Grant’s look-alike targets but a better understanding of the lithostructural controls for mineralisation,” Managing Director Dean Tuck said.

“This improved understanding has resulted in the definition of several new target areas that require further auger sampling. An expanded Auger sampling program will commence in September 2022.”

Shares in Dreadnought last traded at 9.3 cents on August 12.

Earlier this year, Woolworths agreed to buy an 80 per cent controlling interest in the online retail marketplace for $1.05 per share, valuing MyDeal at $271.8 million.

The two parties have entered into a binding scheme, which will see MyDeal de-list from the ASX.

“Following our review and feedback from market participants, we do not consider thatEveryday Market from Woolworths is a significant competitor to MyDeal or other onlinemarketplaces and consequently, this acquisition is unlikely to substantially lessencompetition,” ACCC Commissioner Liza Carver said.

The ACCC’s review also found that it was unlikely that Woolworths retail position could be leveraged into MyDeal’s online sales marketplace in anti-competitive way.

“Woolworths would continue to face significant competition from online marketplaceplatforms available to third-party sellers,” Ms Carver said.

Woolworths, through its Big W stores and supermarkets, and MyDeal sell a variety of general merchandise products to consumers including furniture, health and beauty products, homewares and electronics.

In addition to retailing their own products the parties also operate online marketplaces which are used by third-party sellers to retail products online.

On the market, MYD shares were up 0.97 per cent to trade at $1.05 per share and WOW shares were steady at $38.02 at market close.

The company recorded a 5.7 percent increase to its gross written premium (GWP) to over $13.3 billion and a net profit of $347 million, an improvement to FY21’s loss of $427 million.

However, shareholders will see a 45 per cent drop to its dividends, with IAG giving 11 cents for each share compared to 20 cents in FY21. The 11-cent full year dividend equates to a payout ratio of around 78 per cent of reported net profit after tax.

CEO and Managing Director Nick Hawkins said IAG had strong GWP growth and the business performed steadily despite the “challenging external environment.”

The company said COVID-19 impacted its material performance in the first half of FY22, reducing GWP and increasing insurance profits. In the second half no material impact was recorded.

Investment income on shareholders funds was a loss of $105 million, mainly due to the increased rates and negative credit spends for its fixed income portfolio which was a $68 million loss.

“Our FY22 financial results reflect the quality of our underlying business as we build a stronger and more resilient IAG,” Mr Hawkins said.

Mr Hawkins said climate change and its impact to customers and communities is one of the most important challenges IAG faces as a business.

“FY22 was one of the most significant peril years we have experienced, with multiple events in Australia and New Zealand, including the February 22 floods in northern NSW and along the east coast,” he said.

“Across Australia and New Zealand, claim lodgements relating to extreme weather events in FY22, more than doubled over the prior year.”

In total, IAG recorded $1.12 billion in natural perils costs in FY22 which was $354 million above the original allowance.

In order to deal with the increasing severity and frequency of extreme weather events, the company implemented its largest ever perils allowance, increasing it by 19 per cent to $909 million for FY23.

IAG shares were up 0.54 per cent to trade at $4.64 per share as of 12:45 pm AEST.