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OD6 Metals achieves recoveries up to 90% for magnet REEs

OD6 METALS LIMITED

OD6 Metals Ltd (ASX:OD6) managing director Brett Hazelden sits down with Proactive’s Jonathan Jackson to discuss ongoing work at its Splinter Rock Project in WA. Hazeldon discusses OD6’s aim of being at the forefront of research into geo-metallurgical exploration for Australian clay REE deposits, before taking us through the most recent results from the project. Ore taken from the project achieved recoveries up to 90% for magnet REEs across 60 fresh samples and averaged magnet REE recoveries of about 62% at a concentration of 25 grams per litre of hydrochloric acid. In an important discovery for the overall economics of the project, the recoveries for all magnet rare earth oxides (MREOs) were similar, whether it be neodymium, praseodymium, dysprosium or terbium. Hazeldon said the results affirmed the Splinter Rock project as Australia’s premier clay-hosted rare earth deposit. Hazelden said: “The outstanding results from our metallurgical leaching studies continue to affirm the Splinter Rock project as Australia’s premier clay-hosted rare earth deposit. With consistent recoveries averaging over 60% across multiple prospects, and notably high recoveries observed for each of the 15 rare earth elements, our confidence in the project’s potential remains high." Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

February 28, 2024 03:45 PM Eastern Standard Time

Video

Treasure Investments Corp Launches Capital Raise for Historic Silver David Project

The Silver David

Treasure Investments Corporation, a leader in creating and distributing fine art sculptures, is thrilled to announce the launch of its capital raise for an ambitious new project: the Silver David. This initiative aims to create a monumental posthumous original of Michelangelo’s renowned David statue, cast in 70,000 ounces of pure silver. Treasure Investments Corp has a storied history of providing investors and collectors access to some of the world’s most exquisite art pieces. The company's extensive gallery network throughout the United States and its expansion internationally have positioned it as a key player in the art and investment community. With a collection that includes over 2,000 master molds from 230 world-famous artists, Treasure Investments is uniquely capable of bringing the unparalleled Silver David project to life. The Silver David is not just a testament to Michelangelo’s timeless masterpiece; it is a landmark investment opportunity. Utilizing the original molds taken from the statue by Ferdinando Marinelli Foundry in 1928, this project will capture every detail of Michelangelo’s masterpiece in pure silver. Appraised at over $800 million, the finished piece is expected to be the most valuable piece of art ever sold. Mark Russo, Founder and Chairman of Treasure Investments, brings over 25 years of experience in the fine art market, dealing with high-profile clients and generating over $100 million in sales of fine art. Under his leadership, Treasure Investments has flourished, known for its innovative sales model and charitable contributions to the art community. For the first time, Treasure Investments is opening the investment opportunity in the Silver David project to the public. This move democratizes access to a traditionally exclusive investment class, allowing individuals to contribute to and benefit from the project's success. Investors are invited to be part of this historic venture, with the potential to earn returns once the piece is sold. Interested parties can learn more about the investment opportunity and how to participate by visiting silverdavid.com. Treasure Investments Corporation provides high-net-worth individuals and institutions with exquisite fine art masterpieces and investment opportunities. With the Silver David, they aim to make the most valuable piece of art ever sold. This is a unique opportunity for everyday investors to participate and earn a return from the sale of this historic sculpture. Disclosure: In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. The Silver David LLC has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained here: silverdavid.com Contact Details The Silver David The Silver David Investor Relations invest@silverdavid.com Company Website https://silverdavid.com/

February 28, 2024 03:18 PM Eastern Standard Time

Far East Gold acquires 90% interest in Reedy Creek Project

FAR EAST GOLD LTD

Far East Gold Ltd (ASX:FEG) CEO Shane Menere joins Jonathan Jackson in the Proactive studio to discuss the details of the company’s recent acquisition of a 90% interest in the Reedy Creek Project, which the company has described as the ‘missing link’. Menere explains why this addition is crucial for the company and its strategic implications. He covers the proximity of the Reedy Creek Project to Newmont's Mount Coolon Project, highlighting the geological similarities and potential advantages this presents and discusses improvements in the commercial terms for Far East Gold's existing Australian projects, outlining the anticipated benefits. Menere also talks about the company's efforts to obtain exploration status from the Queensland government and the expected news flow to come rom both the company’s Indonesian and Australian assets. “It was a strategic decision by Far East Gold to acquire the Reedy Creek tenement and now join Hill 212 and Bluegrass Creek into a large single project by securing the ‘missing link’ that covers the identified structural corridor between these projects," Menere said. "We are excited by the current neighbouring exploration underway by Newmont for them to earn into the Mount Coolon area, reinforcing the remarkable prospectivity of our projects." Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

February 28, 2024 03:00 PM Eastern Standard Time

Video

Ionic Rare Earths hits major milestone with increased exploration target

IONIC RARE EARTHS LIMITED

Ionic Rare Earths Ltd (ASX:IXR) managing director Tim Harrison joins Proactive’s Jonathan Jackson to discuss significant updates from the Makuutu Heavy Rare Earths Project in Uganda. Harrison gives insight into the revised and increased conceptual exploration target for Makuutu, explaining the implications of these new figures for IonicRE and the project's potential impact. The target has increased by 40% to 285-766 million tonnes grading 400-700 ppm total rare earth oxides (TREO). Harrison outlines the work and research that contributed to the increase and talks about how the company is securing more than 90% interest in the project, marking a pivotal step in the company's development efforts. Finally, he discusses the significance of Makuutu being the most advanced ionic adsorption clay project in development today, including its role in the global supply chain and its importance for future rare earths demand and he looks at news and developments to come in the coming weeks and months. The company is progressing the development at the Makuutu Heavy Rare Earths Project through local Ugandan operating entity Rwenzori Rare Metals Limited (RRM). IonicRE has agreed terms with partners in RRM on moving to 94% ownership which is expected to occur in the first half of this year. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

February 28, 2024 02:45 PM Eastern Standard Time

Video

News Release

Fragmented and Out of Focus: The UK’s Renewable Energy Sector Is Unnecessarily Expensive to Taxpayers and Consumers

Prodigy Press Wire

For decades, different regions have begun examining how society can transition to greener, more efficient energy sources. In recent years, commitments to make ‘clean energy’ more widespread have resulted in net zero pledges and an overhaul of previous policies. However, the UK renewables policy has its flaws. Peter Prior, the chairman of Summerleaze, a mineral extraction company that was formerly engaged in the production of renewable energy, asserts that the UK policy fails to find all the cheapest solutions. The influence of large companies on government departments results in many small solutions not being adopted. The lack of knowledge government officials have on energy projects is a major challenge to giving taxpayers their best value for money. Summerleaze was founded in 1928, originally specializing in mineral extraction, but eventually diversified its services through waste management and renewable energy. Since joining the company in 1962, Peter has seen several changes in the renewable landscape. Even by 1962, people recognized the need to replace fossil fuels with other forms of energy. However, minimal action was being taken to utilize renewable energy sources other than hydroelectric schemes. The modern UK renewable energy market has become controlled by massive corporations. As a result, these companies significantly influence what government initiatives focus on. Instead of supporting any solution that will help society transition away from fossil fuels, the government is principally supporting projects that suit big corporations. The corporations have promoted projects, which suit them and their shareholders’ needs, with inadequate recognition of policies that are most beneficial to the community. Globally, investments in energy transition technologies have skyrocketed. In 2022, $1.3 trillion was spent worldwide on these investments, up 19% from the previous year, and 70% higher than 2019. Despite the financial support for greener energy solutions, some countries are falling behind. The UK’s average annual increase in renewable investment has been called into question as other countries are making faster progress. An article released in August 2023 noted that the UK’s average increase in renewable investment has decreased to 4.45% in the last three years. Commentators state that this is due to conservative policies around the environment. As the global average of renewable investment increases sits at 9.67%, it is clear that environmental policy needs to be addressed. Peter Prior hopes to draw attention to these problems that only energy professionals are privy to. In the renewable energy market, government officials and corporate giants are mostly responsible for the fragmented nature of power solutions. Government policy doesn’t reflect the current obstacles in energy creation, distribution, and storage because officials are uneducated about these problems. Whether they are consciously ignoring glaring issues or not, Peter says that their naivety is costing the taxpayer and the energy user a significant amount of money. “The UK government has decided to pick a small number of solutions,” says Peter. “The corporations should give greater consideration to balancing the interests of their shareholders with national energy security and value for money for consumers and taxpayers. The civil service should be better at appraising whether proposals are real solutions or partisan strategies to make stakeholders happy.” The UK should include common sense solutions in its policies to reduce fossil fuel use. Those policies are unlikely to be supported by the corporations because they would not be likely to be harnessable by them. Amid these disappointments, Peter Prior will continue advocating for change. Summerleaze has taken it upon itself to propose innovative energy solutions that can diversify current approaches. “The renewable market is solving a complicated issue,” says Peter. “Industry leaders and the government should accept a large variety of solutions, but that will not be possible until the government cuts itself free of the self-serving advice of the corporations. Currently, their overbearing power in this sector clouds the judgment of the civil service, and it’s easy to understand why. If you’re not an expert in renewable energy and the most powerful companies are telling you that one thing is the best solution, you are vulnerable to believing them.” Media Contact Name: Peter Prior Email: Phprior405@gmail.com This content is defined as anything deemed intended to: incite, advocate or express hatred, bigotry, racism or gratuitous violence; promote personal opinions attacking an individual or group; maliciously affect a company's stock; or stalk, defame, defraud, degrade, shame or victimize an individual or group. Release ID: 924207

February 28, 2024 02:30 PM Eastern Standard Time

Cognia to Acquire CenterPoint Education Solutions

Communicationworks

Cognia ®, the leader in school improvement and evaluation, announced today that it is acquiring fellow nonprofit CenterPoint Education Solutions, which supports educators in their use of assessment and curriculum. This acquisition, which was approved by Cognia’s board of directors Tuesday, enables Cognia to expand its assessment program to offer curriculum-based assessments offered at multiple intervals during the year. The new assessments and aligned professional learning offered by CenterPoint provide an alternative for state education agencies, districts, and schools that want something more than traditional large-scale summative assessments. The assessments used by most states today for accountability purposes are not designed to help improve teaching and learning because they are given at the end of the year and do not reflect the curriculum that has been taught. Based in Washington, D.C., CenterPoint has an extensive K-12 assessment item bank in mathematics, English language arts, and science. “CenterPoint is one of the most highly regarded curriculum-based assessment providers,” said Dr. Mark A. Elgart, president and CEO of Cognia. “This acquisition allows Cognia to be competitive in an emerging market immediately—this will have a direct impact on our existing summative work.” Cognia now offers options for next-generation assessment of learning for students across K-12 with learning alignment between classroom instruction and student assessments that are aligned to state standards and meet accountability requirements. “CenterPoint has an important resource in curriculum-based assessments that are of great value to schools, districts, and states,” said Sue Krause, interim CEO of Center Point. “Cognia has a vast network of schools, districts, and states that are committed to improvement and want their assessments to reflect what students are learning.” CenterPoint works with schools, districts, and states to provide reliable curriculum-based assessments, high-quality academic services, and expert professional learning solutions. This acquisition primes Cognia for growth and expands what Cognia offers states and districts that are looking to improve and be more responsive to students, parents, and teachers. “These are two like-minded, mission-driven organizations that together will develop opportunities for states to align assessment with curriculum, improve their accountability systems, and drive improvement,” said Laura Stover, managing director, ETS and former CEO of CenterPoint. The acquisition expands Cognia Assessment Solutions from grades 3 to 8 in English language arts, mathematics, and science to a full complement of K-12 summative and interim curriculum-based assessment solutions. The important grant-funded work CenterPoint is doing in K-12 science assessment will continue. CenterPoint staff will become a part of Cognia to support the design and delivery of curriculum-based assessments, and professional learning training on assessment use and literacy. The acquisition is expected to be finalized by June 30, 2024. Cognia will assume responsibility for the operation of CenterPoint on July 1. About CenterPoint CenterPoint Education Solutions is a nonprofit organization that supports schools, districts, and states in designing and implementing aligned systems of high-quality curriculum, assessments, and professional learning that drive high achievement for all children. About Cognia Cognia ® is a global, nonprofit improvement organization dedicated to helping schools and other education providers grow learners, teachers, and leaders. Cognia offers accreditation and certification, assessment, and professional services within a framework of continuous improvement. Serving 40,000 public and private institutions from early learning through high school in more than 90 countries, Cognia brings a global perspective to advancing teaching and learning. Find out more at cognia.org. The news release can be found on the website here. Contact Details Communicationworks Shep Ranbom (202) 365-4774 +1 202-365-4774 sranbom@communicationworks.com

February 28, 2024 01:00 PM Eastern Standard Time

Cobre says testing at Ngami Copper Project confirms suitability of in-situ recovery process

COBRE LIMITED

Cobre Ltd (ASX:CBE) CEO Adam Wooldridge joined Proactive's Stephen Gunnion with an update on the company's Ngami Copper Project (NCP) in Botswana's Kalahari Copper Belt following the conclusion of the first phase of hydrogeological testing. The project has an exploration target exceeding 100 million tonnes at 0.5% copper, addressing challenges such as cover thickness, steep dip, and grade. Wooldridge explained that the in-situ recovery method offers a low operational and capital expenditure solution while being environmentally friendly, potentially producing green copper cathode on-site, which could revolutionize operations on the Kalahari Copper Belt and benefit local communities. The process requires mineralization to be leachable, a correct water table depth, and appropriate hydrological controls, including a natural fracture network. Cobre has confirmed the project's feasibility for in-situ recovery through extensive testing, including recent well tests that demonstrated the ability to inject into target fractures, identify seals and intersect significant mineralization depth. For the remainder of the year, Wooldridge said Cobre plans to pursue a three-tier strategy: big-picture exploration for tier-one deposits in collaboration with BHP, advancing high-grade targets for short-term gains, and progressing the in-situ recovery process towards a scoping study. This approach includes hydrological, engineering, and economic studies, metallurgical tests, resource drilling, and pilot testing, aiming to transform the project and the company's prospects significantly Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

February 28, 2024 11:00 AM Eastern Standard Time

Video

PharmAust advances monepantel for motor neurone disease towards FDA approval

PharmAust Ltd

PharmAust Limited (ASX:PAA) CEO Dr Michael Thurn tells Proactive's Stephen Gunnion that the company had a "pivotal" Pre-Investigational New Drug Application (Pre-IND) meeting with the US Food and Drug Administration (FDA) as it advances the development of monepantel, an approved veterinary drug, for motor neurone disease. Thurn highlighted the drug's potential in exploiting autophagy properties to treat motor neurone diseases by breaking down toxic protein build-ups, particularly TDP-43 aggregates in neurons. The company has completed a Phase 1 oncology clinical study for monepantel in humans and is preparing for a pivotal field trial in dogs for B cell lymphoma. A significant milestone is the upcoming end of Phase 1 for its motor neurone disease program, with data expected by the end of February. Thurn said the FDA's positive feedback indicates the potential for full approval after a 48-week study. Monepantel's mechanism, inducing autophagy, positions it as a promising treatment for various neurodegenerative diseases beyond motor neurone disease, including Alzheimer's and Parkinson's, suggesting its potential as a blockbuster drug. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

February 28, 2024 10:50 AM Eastern Standard Time

Video

Atlantic Global Risk Goes Live with Novidea Insurance Management Platform to Eliminate Data Silos, Empower Staff

Novidea

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform, today announced that Atlantic Global Risk, a specialty insurance broker focused on designing complex insurance products for legal, tax and credit risks, is now live on its innovative insurance platform to improve data quality and achieve operational efficiency across the entire organization. Before implementing the Novidea platform, Atlantic Global Risk relied on multiple applications to handle a variety of processes. They used a CRM solution to maintain sales leads, an enterprise cloud platform to manage associates, policies, and documentation, and an agency management application to manage invoices and customer records. Not all of these were designed for the insurance industry, meaning Atlantic couldn’t customize them specifically for their business needs. The myriad of applications also resulted in data silos across functions and departments, requiring employees to re-key data and thus expend resources on redundant tasks. “As one of the fastest growing specialty brokers in the US, our staff's deep knowledge and expertise is our differentiator. However, disconnected applications not designed with insurance in mind and inefficient, repetitive processes based on inconsistent data kept our experts from adding more value and giving data-based guidance to our clients. With Novidea, we finally have the technology we’ve been looking for to build upon, scale, and maintain one central repository for all critical information workflows,” said David Haigh, Founding Partner at Atlantic Global Risk. “Novidea is helping us to manage our data and customer relationships with more granularity, better reporting, and more impact. By removing information silos, we have attained greater visibility and access to higher quality data empowering our people to accelerate processes and to provide our clients with better service.” Novidea’s insurance management platform is an intelligent, cloud-native, data-driven platform for brokers, agencies, wholesalers, and MGAs. Its award-winning technology drives efficiency across every stage of the insurance policy distribution lifecycle – from lead to quote to bind to claims. This allows organizations like Atlantic to scale their business with a comprehensive, 360-degree view of all their customer and operational data. Novidea’s platform seamlessly connects Atlantic’s front, middle, and back offices. “Our research shows that insurance organizations are juggling an average of five different technology solutions that power various aspects of their business. This approach creates data silos, holding them back from making better business decisions. It’s why 75% of these businesses say they will change their insurance management technology by 2025,” said Eric Ayala, Managing Director of Americas for Novidea. “We’re honored to be the insurance management platform of choice for Atlantic as they continue to streamline efficiencies and deliver a world-class customer experience.” Novidea experts will be demonstrating the platform’s value and capabilities at this year’s WSIA and Target Markets insurance industry events. About Novidea Novidea is the leading Insurtech provider of a cloud-native, data-driven insurance management system. With its open API architecture, Novidea enables brokers, agents, MGAs, and carriers to modernize and manage the customer journey end-to-end and drive growth across the entire insurance distribution lifecycle. Novidea's streamlined and automated platform fully integrates front, middle, and back offices. The Novidea platform boosts operational efficiency while providing a seamless digital experience for team members and customers alike. Insurance businesses benefit from a 360-degree view of customers and policies and can access data and actionable insights anytime, anywhere, and on any device. Novidea supports more than 100 customers across 22 countries. Contact Details Michelle Barry +1 603-809-2748 Michelle.barry@chameleon.co Company Website https://novidea.com/

February 28, 2024 10:41 AM Eastern Standard Time

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