August 25, 2022 – ShareCafe
Bulletin Resources (ASX:BNR) today provided an update on its Ravensthorpe Lithium project. The project is located just 12 km to the southwest, along strike of Allkem Limited’s (ASX:AKE) Mt Cattlin lithium mine. BHM Process Consultants were engaged to undertake the trials. BHM considers the results of this first phase of testing to be very encouraging and confirms that the pegmatite mineralization at the Ravensthorpe Lithium Project is of very high quality and capable of achieving marketable product grades at high metallurgical recoveries. The shares are trading up 3.7% at 14 cents.
Paragon Care Limited (ASX:PGC) today announced that an agreement has been reached to acquire the business of Specialist Medical Supplies Pty Ltd (SMS) for $15.5 million. SMS is Australia’s leading supplier of biopsy and skin lesion instruments and other related products. Paragon Care Group CEO and Managing Director, Mark Hooper, said: “While our primary near-term focus is organic growth, SMS fits nicely into Paragon Care’s existing ‘pillar’ structure with significant alignment customer base, so this acquisition makes sense both in terms of strategic fit and our ability to expand its portfolio through Paragon Care’s existing sales and distribution channels. The shares are trading up 12% at 42 cents.
Magnis Energy Technologies (ASX: MNS) today announced further significant results from the EFC battery program. The results showed only a 3% loss of initial cell capacity after approximately 2600 cycles. The cells are developed using BMLMP technology which provides superior battery life with fast charging capabilities while containing no nickel or conflict metals such as cobalt and is patented by C4V. Magnis holds a 9.65% stake in C4V. Magnis President Frank Poullas commented, “Today’s breakthrough results are very exciting for everyone involved. With the iM3 new york lithium-ion battery factory in commercial production, we have a platform to produce batteries using new technologies once they have been commercialized. The shares are trading up 6.5% at 49 cents.