Earlier in the month, De Grey launched a $150 million equity raise consisting of a $130 million institutional placement and a $20 million SPP.

Under the SPP, eligible shareholders were able to subscribe for up to $30,000 worth of shares without incurring any brokerage or transaction costs.

However, DEG said of its 1700 SPP applications, many were from applicants who held an “unremarkable” shareholding, with a “significant number” from people who owned just one share in the company.

As such, the company used its right to scale back applicants with less than a marketable parcel to a maximum allocation of $500, and De Grey will now issue over 18,746,001 shares at $1 per share.

De Grey said it would use the money from the placement and SPP to complete a definitive feasibility study at its Mallina gold project and undertake resource definition drilling and technical studies at the project.

“We are pleased with the support of shareholders in response to the recent placement and SPP,” Managing Director Glenn Jardine said.

“This has provided the company with not only a strengthened financial position but a strong vote of confidence in our development strategy for the Mallina gold project.”

The SPP follows the placement, which raised $130 million through the issue of 130 million new shares to new and existing domestic investors and offshore specialist resource funds.

Shares in De Grey closed 2.41 per cent higher at $1.28.

The patent is titled ‘Biomarkers associated with pre-diabetes, diabetes and diabetes related conditions’ and is valid until September 2031.

This patent complements those already received in the US, Australia, China, Japan, Singapore, Indonesia, Brazil, Canada, Russia, Europe and India.

Managing Director Dr Richard Lipscombe said securing a patent in Hong Kong complements its patent protection in the region.

“Proteomics International already has patent protection in China and the granting of the Hong Kong patent, which includes pre-diabetes. expands that protection,” he said.

“Hong Kong is an important gateway market and there is the potential for PromarkerD testing to be introduced there prior to entering the much larger China market.”

PromarkerD is a simple, low-cost blood test that uses a unique protein ‘fingerprint’ to detect the onset of diabetic kidney disease up to four years before symptoms appear.

It allows patients to apply preventative measures before kidney damage occurs, leading to better outcomes for the patient and simplified care for physicians.

Proteomics was up 2.27 per cent with shares trading at 90 cents at 3:06 pm AEDT.

The money will be raised via the issue of 18 million new fully-paid ordinary shares to institutional and sophisticated investors at 25 cents.

This price represents a 23.1 per cent discount to iTech’s closing price of 32.5 cents on November 8 and an 18.2 per cent discount to the five-day volume-weighted average price of 30.6 cents.

Shares will be issued on November 17 and be allocated on November 18.

iTech will also be undertaking a share purchase plan (SPP) to raise up to $2 million with eligible shareholders able to subscribe for up to $30,000 worth of shares without incurring any brokerage or transaction costs.

ITM has the right to increase or decrease the size of the SPP and may scale back applications at its discretion.

The money from both the placement and SPP will be used for exploration, resource drilling and metallurgy at iTech’s Sugarloaf and Lacroma prospects, and undertake resource drilling at the Caralue Bluff rare earth element (REE) and Kaolin prospect.

“This placement and subsequent SPP fully funds iTech’s exploration and resource development plans for the company’s Campoona spherical graphite project,” Managing Director Mike Schwarz said.

“Lacroma and Sugarloaf drill targets stand out as having high potential to significantly add to iTech’s current graphite resources.

“It also allows for resource drilling at the Caralue Bluff REE and kaolin prospect and metallurgical development towards a viable flowsheet for both high purity kaolin and REE products from a single resource.”

Shares in iTech were down 10.8 per cent and trading at 29 cents at 1:54 pm AEDT.

The MRE now reads 768 million tonnes at 98 per cent silicon dioxide which includes a measured resource of 10 million tonnes at 95.9 per cent silicon dioxide.

The update was based on data from an additional 130 close-spaced holes drilled to increase the resource confidence in the initial mining years and produce a bulk sample for pilot scale metallurgical testwork.

The ore reserve contains 221 million tonnes with 9.2 million tonnes in the proved category and 211.8 million tonnes in the probable category.

VRX engaged Cube Consulting to complete mining engineering work for the ore reserve which consisted of importing and reconciling the supplied mineral resource block model and defining mining boundaries.

“This updated mineral resource and reserve is a culmination of significant metallurgical testwork and evaluation of the resource to determine the premium products we can produce,” Managing Director Bruce Maluish said.

“These products include sought after foundry sand as well as glassmaking sand suitable for flat glass, including automobile glass and also container glass.

“We have despatched large samples to a number of foundry and glassmaking companies in Korea, Japan and Taiwan for evaluation and subsequent discussions for offtake.”

Shares in VRX were up 3.45 per cent and trading at 15 cents at 11:58 am AEDT.

The company recently drilled 176 holes, for 14,350 metres, at Target 3 to infill previous wide-spaced aircore drilling and extend the target to the south.

Results have been received for the first 80 holes with assays showing thick zones of gold anomalism.

A central core zone has been identified where a thick zone of anomalous gold is present until the end-of-hole.

Notably, gold anomalism is associated with pathfinder elements such as copper, zinc, lead, tungsten and arsenic.

Better results include four metres at 0.54 grams per tonne (g/t) gold from 88 metres, eight metres at 0.42 g/t gold from 76 metres, and eight metres at 0.28 g/t gold from 100 metres.

E79 will undertake deeper reverse circulation (RC) drilling later in the year to test this zone at depth.

A second zone is present to the west and shows thick zones of anomalous gold mineralisation below the paleochannel.

In this zone, a 500-metre-long zone of gold anomalism is present and has slightly better grades than those in the central zone.

The western zone will also be tested by deeper RC drilling later in the year.

Aircore drilling was also completed at Target 4 with 95 holes drilled for 3905 metres.

The aim of the drilling was to infill and extend the 2.5-kilometre-long anomalous zone as well as identify a potentially higher-grade zone within the anomaly.

Samples are currently at the lab undergoing analysis with results expected in the coming months.

“The identification of a central core is an exciting development: in addition to being below the regional paleochannel, the central core target shows a thick zone of anomalous gold to the end-of-hole,” CEO Ned Summerhayes said.

“We look forward to testing this target at depth with the upcoming RC drilling program.”

E79 has ended the day in the grey with shares trading at 11 cents.

During its 2022 drilling program, Tempus drilled 10 holes to target potential No 9 Vein mineralisation along strike of historical workings.

Several holes in this program intersected wide zones of quartz veining with three holes encountering visible gold.

Results have been reported from hole EZ-22-19 which intersected two zones of quartz veining with visible gold occurrences.

Better results include 2.11 metres at 87 g/t gold from 135.67 metres including a sub-section grading 184.9 g/t gold over 0.7 metres from 136.79 metres.

“EZ-22-19 as our first hole on No. 9 Vein comes in with a ‘bonanza’ intersection of 87 g/t gold over 2.11 metres,” President and CEO Jason Bahnsen said.

“Other holes on No. 9 Vein showed interesting structure including the highly anticipated EZ-22-20, which contained visible gold over 26 metres of continuous quartz veining that we’re still waiting for.

“Overall No. 9 Vein has joined the Blue Vein as a priority target to continue to extend the known mineralised envelope at Elizabeth.”

Tempus has also received assays from holes EZ-22-14 through to EZ-22-16 drilled at the Blue Vein.

Hole EZ-22-15 intersected multiple zones of quartz veining with anomalous over 141 metres while hole EZ-22-16 intersected anomalous gold mineralisation over roughly 155 metres.

Additionally, the company identified visible gold in hole EZ-22-36 which was drilled at the southern extension of the Blue Vein.

Assays are pending for a further 19 holes and will be reported on shortly.

Company shares were down 5.17 per cent and trading at 5.5 cents at 3:15 pm AEDT.

The drilling will target three areas, including a high-grade lithium zone around the recently-reported rock chip samples of 4.9 per cent lithium oxide at the Carbonate Hill prospect.

A program of works submitted by QXR for the drilling has been approved, and contractor Topdrill will begin the work in the last week of November

Meanwhile, QXR has engaged technical consultant Resource Potentials to undertake a thorough geophysical database review and oversee the drilling.

“QXR was fortunate to secure a drill rig for prompt initial testing at Turner River over a significant area of lithium mineralisation, which we interpret extends undercover,” Managing Director Steve Promnitz said

“Results will be used to plan more detailed works, with further surface sampling and detailed geophysics.”

Shares in QXR were up 1.69 per cent and trading at 6 cents at 2:36 pm AEDT.

In May, 12 reverse circulation (RC) holes, for 1862 metres, were drilled to confirm nickel-copper-platinum group element (PGE) mineralisation and to better understand the morphology of the Money Intrusion.

This drilling confirmed the intrusion had a bladed/funnel shape and is fruitful for magmatic nickel-copper-PGE mineralisation.

Results included one metre at 0.85 per cent nickel, 0.77 per cent copper, 0.46 per cent cobalt and 0.17 grams per tonne 3PGE from 80 metres.

“We have barely scratched the surface of the 45-kilometre-long Money Intrusion and with the first 12 holes have already confirmed a fertile magmatic system with high tenor mineralisation and an encouraging geometry to host massive sulphide accumulations,” Managing Director Dean Tuck said.

The survey will test shallower portions of the bladed/funnel intrusion for accumulations of massive sulphides.

The FLEM survey is being funded by First Quantum Minerals (FQM) who’s earning an initial 51 per cent stake in five tenements within Mangaroon by funding $12 million of expenditure by March 1, 2026.

Work is expected to wrap up in December with results anticipated in the March quarter.

“We are delighted to continue working with First Quantum in the search for high tenor, nickel-copper-PGE massive sulphides along the Money Intrusion as we seek to define additional drill targets for 2023,” Mr Tuck concluded.

Shares in Dreadnought were down one per cent to trade at 9.9 cents at 1:38 pm AEDT.

Of the 179 holes drilled, the company received results for 65 of the 179 completed hole. Forty seven of the holes returned significant total rare earth oxide (TREO) values

Significant results include 27 metres at 1400 parts per million (ppm) TREO from 18 metres including six metres at 4139 ppm TREO from 27 metres.

Results for the remaining holes are expected to be progressively received over the coming weeks.

Further, four new prospects were identified with each spanning a strike length of between four to seven kilometres.

The prospects are named Scrum, Centre, Flanker and Prop, and have grades ranging up to 2287 ppm TREO. Additionally, all four prospects contain a variable amount of transported cover and saprolitic clays.

Managing Director Brett Hazelden said these initial assays are outstanding for the company.

“The extent and consistency of these shallow, high-grade clays have resulted in four significant prospects being identified that are between four and seven kilometres in width which are open in length, on our 2579 square kilometre Splinter Rock project,” he said.

“Importantly, these drill results validate historic assays, plus they extend the discovery of clay-hosted rare earths across a new drill line perpendicular to the original line. This bodes well for future drilling, which we anticipate will significantly grow the known mineralised area.”

OD6 was up 41.3 per cent on the market with shares trading at 32.5 cents at 12:51 pm AEDT.

Over the past 12 years, Mr Vorster has held various director positions and was most recently Managing Director of BCI Minerals (BCI) for more than six years.

He has also previously served as Managing Director of Iron Ore Holdings, CEO of API Management, and a Non-Executive Director of Volt Resources (VRC).

Additionally, Mr Vorster had stints at Rio Tinto Iron Ore, Aquila Resources and Kumba Resources.

Mr Vorster will be paid a fixed remuneration of $547,000 per year, inclusive of superannuation, and his contract will run until June 30, 2023, with an option to extend.

HAS Executive Chair Charles Lew said following the recent announcement of its “Hastings 2.0” mine-to-magnet strategy, the company had now reached a “pivotal point” in its lifecycle.

“The company is approaching the milestone of main construction commencement and, at the same time, we are positioning the company to become a global player in the downstream market for rare earths magnets,” Mr Lew said.

“It is therefore essential that we strengthen our management team and organisational structure for this next phase of our development and ensure that we are well-prepared to steer the company forward.”

Shares in Hastings ended Wednesday’s session trading at $3.57.

Results have been received from recent drilling at the Amy and Amy West areas, with the best copper and cobalt grades achieved to date.

Hole WFDH548 has extended the copper-cobalt footprint at Amy West a further 90 metres east of hole WFDH378, which previously intersected 46 metres at 2.93 per cent copper equivalent.

The top 48 metres of hole WFDH548 intersected up to 1.78 per cent copper and 0.33 per cent cobalt, which marks the highest grade of each metal ever recorded at Walford Creek.

The hole also intersected 1.5 per cent lead, 0.38 per cent zinc, 0.08 per cent nickel and 37.5 grams per tonne silver.

“The drilling results announced today reinforce the potential for the Amy zone to hostsignificantly higher grade and thicker PY3 mineralisation than that already identified at the well-drilled Vardy and Marley zones further to the east,” Aeon CEO and Managing Director Fred Hess said.

“With today’s results, it is now likely that the Walford Creek system’s previous easterly centre of mass at Vardy and Marley zones will be joined by a higher grade westerly concentration of mineralisation at Amy West, thereby offering up new possibilities for mine development and potentially project scale.”

Results are pending for further step-out holes to the east in an area Aeon said had strong visual indications of mineralisation extension.

Aeon Metals closed 20.83 per cent higher at 2.9 cents per share.

Mr Smyth has more than 20 years of experience in the facade, architectural and construction sector and previously held senior executive positions with McMullen Facades.

There he was responsible for building long-term relationships with new and existing clients, developing strategies, de-risking projects, and transferring secured projects to construction teams.

Mr Smyth also oversaw office and production facilities in Europe and the Middle East and was responsible for supply chain management.

Prior to joining McMullen Facades, Mr Smyth had senior positions with Lindner Group, Kann Finch Group and Multiforms.

At ClearVue, he will lead sales growth, secure licence agreements, oversee global supply chain management, and generate formal and informal partnerships.

“The appointment of Clifton is a vital step in our plans to drive international sales,” CPV Executive Chairman Victor Rosenberg said.

“Clifton’s extensive experience and networks in the global facade markets will complement ClearVue’s market expansion and commercialisation path.”

ClearVue closed 2.63 per cent higher at 19.5 cents.

This finding comes from a costean program completed adjacent to historical rock chip sampling reported last year.

Six costeans were dug on either side of the historical rock chip sample site with two to the west and east identifying visible gold in a quartz-ironstone vein.

A gold value of 0.5 per cent has been estimated for the vein.

The costeans outlined the vein has a strike of 6.3 metres with the visible gold present over a strike of 4.7 metres. Further, the vein dips to the southwest.

“The costean program at Birdsnest is significant in understanding the gold mineralisation architecture at the Newman gold project,” Technical Director George Merhi said.

“High-grade gold shoots may be the structural style of mineralisation prevalent within the Newman Gold project. If so, a more focused approach, such as costeaning over significant gold soil anomalism may help identify these high-grade gold structures prior to very close-spaced drilling.”

Rock sampling was also completed at the Peninsula prospect with samples taken along strike and to the west of previously reported visible gold.

Peregrine will undertake future diamond drilling programs to extend the gold mineralisation and a costean program over the significant anomalies may be completed.

Shares in Peregrine were up 3.45 per cent and trading at 45 cents at 2:42 pm AEDT.

The money will be raised through the issue of 24.24 million new fully-paid ordinary shares to institutional and sophisticated investors at 16.5 cents each.

This price represents a 13.2 per cent discount to Rox’s last closing price of 19 cents on November 8 and a 19 per cent discount to the five-day volume-weighted average price.

Subject to shareholder approval, $660,000 worth of shares will be issued to Rox’s largest shareholder, Hawke’s Point.

In addition to the placement, Rox will be undertaking a share purchase plan (SPP) to raise a further $1 million.

Eligible shareholders will be able to subscribe for up to $30,000 worth of shares which will be priced the same as the placement of 16.5 cents.

Notably, the commitment from Hawke’s Point assumes that $1 million is raised under the SPP and if less is raised, the commitment will reduce to the amount necessary to keep its current 13.18 per cent shareholding.

Rox will use the money from the placement and SPP to progress resource drilling, and near mine exploration and feasibility studies at its flagship Youanmi gold project.

Shares in Rox were down 7.89 per cent and trading at 17.5 cents at 1:41 pm AEDT.

The resource was independently assessed by international petroleum consultants Netherland, Sewell & Associates (NSAI).

The contingent resource was estimated for the upper coal seam package and the lower seam package, with both being the focus of TMK’s 2022 exploration drilling program.

Further, the 2U prospective resource was updated for the Nariin Sukhait prospect, with an unrisked gross prospective gas resource of 774 billion cubic feet and a risked gross prospective gas resource of 697 billion cubic feet.

Overall, the combined 2C contingent and 2U prospective resources have increased by nine per cent over the entire Gurvantes project, which covers 8400 square kilometres.

CEO Brendan Stats called the contingent resource a “fantastic” result for TMK.

“The ability to define such a material maiden contingent resource after only commencing our first and relatively-small drilling program in March this year demonstrates the quality of the asset and the ability to advance the project quickly, adding significant value for a relatively modest expenditure,” he said.

“The contingent resource estimate has significantly exceeded our expectations and obviously provides us with huge confidence in the scale and future potential commerciality of the project going forward.”

TMK is now planning a 2023 exploration program to convert more of the prospective resources into contingent resources.

Shares in TMK have spiked 15 per cent to 2.3 cents per share at 10:57 am AEDT.

He is replacing Paul Thompson who will remain with the company to ensure an orderly transition.

In mid-July, Mr Thompson celebrated 10 years with the company and will leave after leading its transition to become one of the world’s leading almond businesses.

“Paul has led the company through a period of significant growth and change as it moved from a manager, processor and grower of almonds to become a leading global integrated almond agribusiness,” Chairman Travis Dillon said.

“Paul has ensured that Select Harvests has continued to grow, invest in sustainable solutions, and maintain a strong leadership role in our local regional communities.”

In 2015, David Surveyor was appointed Chief Executive of Alliance Group and is Chairman of Alliance Group NZ.

Additionally, he is a Director of The Lamb Company, Director of Meateor Pet Foods, and Director of Beef and Lamb New Zealand.

Prior to this, Mr Surveyor was Executive General Manager of Laminex and has held roles with BHP Australia and President of Bluescope Lysaght.

Mr Surveyor said he’s “incredibly excited” to join the Select Harvests team in the new year.

Select Harvests has ended the day 0.56 per cent in the red to close at $5.37 per share.

The money will be raised through the issue of 100 million fully-paid ordinary shares at 0.37 cents each.

This price represents a 6.25 per cent discount to Aumake’s last closing price of 0.4 cents on November 2 and a 23.5 per cent discount to the 15-day volume-weighted average price.

Additionally, participants will receive one free-attaching option for every two shares issued, exercisable at 0.8 cents with expiry on December 31, 2024.

Subject to shareholder approval, Aumake directors have committed to subscribe for up to a further $80,000 worth of shares and options on the same terms as the placement. This will take the total amount raised to $455,000 before costs.

If shareholder approval is obtained, 21,333,333 shares and 10,666,666 free-attaching options will be issued.

Aumake will use the money to continue operating its eCommerce business and for corporate purposes.

Shares are expected to settle on November 11 and be allocated on November 14.

Aumake shares ended the day trading steady at 0.4 cents each.

The results come from three holes — UGA-45, UGA-46, and UGA-52 — drilled across Drill Chambers III and IV in the project area.

Drilling at Drill Chamber III was designed to increase the company’s confidence in the southern extent of Sturec’s mineral resource as well as potentially extend the mineralisation at depth.

Meanwhile, drilling at Drill Chamber IV focused on extending the mineralisation to the south, particularly down plunge.

Hole UGA-45 was drilled to a depth of 110.6 metres and intersected around 82 metres of variably altered and brecciated host rock with quartz-filled vein, stockwork and breccia, as well as fine- to very fine-grained sulphides.

Results include 77 metres at 1.49 g/t gold and 11.6 g/t silver from five metres, including four metres at 9.21 g/t gold and 30.8 g/t silver from 58 metres.

Hole UGA-46 was drilled to a depth of 179.3 metres and was the final hole completed in Drill Chamber III.

It intersected roughly 131 metres of variably altered and brecciated host rock with differing amounts of quartz-filled vein, stockwork and breccia.

This hole intersected up to 43.6 grams per tonne (g/t) gold and 61.4 g/t silver.

Hole UGA-52 intersected 54.7 metres of variably altered and brecciated host rock rich in fine- to very fine-grained sulphides from 85 to 139.7 metres.

Drilling intersected up to 5.21 g/t gold and 9.1 g/t silver.

Shares in MetalsTech were up 3.7 per cent to trade at 42 cents at 3:27 pm AEDT.

The company will undertake 10,000 metres of diamond drilling to target down dip and along the strike extents of the Pontax Central outcrop which has intersected up to 2.6 per cent lithium oxide.

The drilling follows the recent completion of mapping and sampling that focused on areas identified via LiDAR, magnetics and high-resolution imagery.

Cygnus is in the process of interpreting the results and, once received, will use the results to outline further targets for the drilling program.

Executive Director Michael Naylor said the company is excited to begin drilling at highly prospective targets.

“We know from previous drilling that there is significant high-grade spodumene over a 620-metre strike length. This initial phase of drilling is designed to extend that known mineralisation down dip and along strike,” he said.

“We are already seeing exciting results across the board with LiDAR proving to be a highly efficient tool in identifying vegetation-covered outcrop, with several new pegmatites now mapped and sampled across the project.”

Shares in Cygnus were steady on the market and trading at 55 cents at 2:42 pm AEDT.

The company completed 119 aircore holes across the Fred’s Well and North Well prospects, and along the Korong felsic intrusion and the ultramafic rock unit extending from Glencore’s Murrin Murrin operation.

Drilling began in mid-October to follow up on previous drilling at North Well which encountered broad zones of anomalous gold mineralisation.

At Fred’s Well, Si6 encountered “promising” geology over the 750-metre strike with mafic and felsic volcanics, chert, intrusive porphyry, ultramafic and sediment intersected.

Complex geology was intersected at North Well with quartz-rich granite, sediments, porphyry and mafic volcanics encountered.

Drilling along the Korong felsic intrusion intersected multiple porphyritic felsic dykes hosted in mafic volcanics with quartz veining.

Further, maiden drilling along Murrin Murrin intersected quartz-rich granite, gabbro, gneiss, amphibolite and dolerite.

All samples will be sent to ALS Laboratories in Kalgoorlie for gold and multi-element analysis with results expected in mid-December.

Shares in SI6 last traded at 0.6 cents at 1:49 pm AEDT.