Did you miss these Quarterly Updates - AZI, SRK, LVT, BRN, IHL, IBX, NXE, DEM, SXA, AAR, CXX, WC8

Summary

• Domestic reporting season has begun with companies declaring their June quarter results/quarterly activity reports.
• The drilling results provided by Alta Zinc for Q4 showed the highest grade and thickest mineralised intercepts drilled to date at Pian Bracca.
• LiveTiles reported positive quarterly operating cash flow of A$1.2 million in Q4 FY2020.
• Incannex Healthcare entered a partnership with The Alfred Hospital & Novotech on IHL-42X Clinical Program for Obstructive Sleep Apnoea.

With almost two months gone since Q2 CY2020 ended, ASX-listed companies are coming up with their respective quarterly results/activity reports. In this article, we would look at 12 such companies that you might have missed.

Alta Zinc Limited (ASX:AZI)

Mineral exploration company, Alta Zinc Limited released its Q4 FY2020 results for the period ended 30 June 2020.

Q4 drilling results had high grade and thick mineralised intercepts drilled at Pian Bracca. Channel sampling was done 850 metres north-west of Pian Bracca into the prospective Ponente area, where a new potentially high-grade exploration target was discovered.

Cash Flow Report:

• Net cash used in operating activities: A$0.704 million.
• Net cash from financing activities: A$2.047 million
• Cash and cash equivalents at the end of the period: A$2.261 million.

Strike Resources Limited (ASX:SRK)

International mineral exploration company Strike Resources Limited, on 17 July 2020, announced its Q4 results (period ended 30 June 2020). During the period, SRK:

• Completed Revised Scoping Study for its Paulsens East Iron Ore Project. Reported brilliant project economics based on a 1.5Mtpa production rate.
• Made progress on project development. It is progressing discussions with Traditional Owners towards a Mining deal. It also appointed engineering consultancy Engenium to supervise the development of project Feasibility Study. Further, the company is undertaking several geophysical, geotechnical & water management studies. Progress was made towards the execution of MOU for ore haulage services.

Cash Flow Report:

• Net cash used in operating activities: A$106k.
• Net cash from investing activities: A$36k.
• Net cash from financing activities: A$1.670 million.
• Cash and cash equivalents at the end of the period: A$3.243 million.

Recently, the company confirmed that it had made significant progress on finalising the terms of a Mining Agreement for Strike's Paulsens East Iron Ore Project.

LiveTiles Limited (ASX:LVT)

LiveTiles Limited, a technology company, known as the global leader in intranet and workplace technology software reported positive quarterly operating cash flow of A$1.2 million in Q4 FY2020 (period ended 30 June 2020). Cash in hand grew by A$4 million to A$37.8 million. Annualised recurring revenue was up 45% (at cc) to reach A$58.2 million.

Cash Flow Report:

• Net cash from operating activities: A$6.440 million.
• Net cash used in investing activities: A$0.199 million.
• Cash and cash equivalents at the end of the period: A$37.774 million.

BrainChip Holdings Ltd (ASX:BRN)

BrainChip Holdings Ltd, the leading provider of ultra-low power, high-performance edge AI technology, release its Q2 FY2020 results (period ended 30 June 2020).

• In Q2, BRN completed the Akida Wafer Fabrication.
• Completed placement of ordinary shares with proceeds worth A$3.12 million.
• Professor Simon J. Thorpe and Professor Barry J. Marshall appointed to the Scientific Advisory Board.

Cash Flow Report:

• Net cash used in operating activities: A$1.469 million.
• Net cash used in investing activities: A$0.008 million.
• Net cash from financing activities: A$2.645 million.
• Cash and cash equivalents at the end of the period: A$5.346 million.

ALSO READ: AI player BrainChip on a roll; signs two contracts within a month

Incannex Healthcare Limited (ASX:IHL)

Clinical stage cannabinoid development company, Incannex Healthcare Limited achieved a record quarter with cash sales receipts of ~$670k for Q4 FY2020 ended 30 June 2020.

• Obtained positive results from the preclinical animal study for the evaluation of IHL-675A against SAARDS.
• Collaborated with The Alfred Hospital & Novotech on IHL-42X Clinical Program for Obstructive Sleep Apnoea (OSA).
• Submitted Phase 2b clinical trial protocol for OSA in-human clinical trial for review to the Alfred Health Ethics Committee.
• Started animal study to evaluate the neuroprotective capability of IHL-216A for traumatic brain injury and concussion.

Cash Flow Report:

• Net cash used in operating activities: A$1.297 million.
• Net cash from financing activities: A$0.525 million.
• Cash and cash equivalents at the end of the period: A$3.603 million.

Imagion Biosystems Limited (ASX:IBX)

Imagion Biosystems Limited, a health care company, committed to improving healthcare via the early detection of cancer, announced its plans for the Phase I first-in-human study to be undertaken in Australia.

The manufacturing of MagSense™ HER2 nanoparticles scaled during the period which would be used in a first in-human study is progressing as planned.

Cash Flow Report:

• Net cash from operating activities: A$0.216 million.
• Net cash from financing activities: A$2.422 million.
• Cash and cash equivalents at the end of the period: A$4.327 million.

New Energy Minerals Limited (ASX:NXE)

Graphite Exploration company, New Energy Minerals Limited completed its earlier announced sale of interests in ruby licenses/concessions in Mozambique under the Revised and Restated Merger of Ruby Assets Agreement with Fura Gems Inc for A$1.4 million.

On 13 May 2020, the shareholders approved the disposal of Balama at the EGM.

Cash Flow Report:

• Net cash used in operating activities: A$0.479 million.
• Net cash from investing activities: A$1.039 million.
• Net cash used in financing activities: A$0.364 million.
• Cash and cash equivalents at the end of the period: A$0.351 million.

De.mem Limited (ASX:DEM)

Water and wastewater treatment company De.mem Limited reported a strong operating performance for Q2 FY2020 ended 30 June 2020. The result reflects the growing recurring revenues and high quality, stable customer base, despite the COVID-19 pandemic.

• Record cash receipts worth A$3.42 million.
• Strong performance of acquired businesses.
• Expected to reach guidance for annual revenues/cash receipts in CY2020 in the range A$14-A$18 million.

Cash Flow Report:

• Net cash used in operating activities: A$0.668 million.
• Net cash used in investing activities: A$0.400 million.
• Net cash used in financing activities: A$0.029 million.
• Cash and cash equivalents at the end of the period: A$6.255 million.

Strata-X Energy Limited (ASX:SXA)

Oil and gas exploration company, Strata-X Energy Limited during Q4 FY2020 (ended 30 June 2020) entered a binding Scheme Implementation Deal to merge & become Pure Energy which would focus on the development of considerable natural gas resources.

The company completed a revised Heads of Agreement with BotsGas Pty Ltd for a farmin program designed to de-risk the Serowe CSG Project. If the project is successful, then it would lead to sufficient reserves to secure a foundation Gas Sales deal.

Cash Flow Report:

• Net cash used in operating activities: US$88k
• Net cash used in investing activities: US$103k.
• Net cash from financing activities: US$306k.
• Cash and cash equivalents at the end of the period: US$382k.

Anglo Australian Resources NL (ASX:AAR)

Gold and Base Metals exploration and mining company, Anglo Australian Resources NL competed for a total 9,957 metres of drilling during Q4FY2020 ended 30 June 2020.

Outstanding assay results from the drilling programs have more than doubled the possible scale of mineralisation at Mandilla. Assessment on the high-resolution Drone Magnetic Survey completed and new areas of low magnetic response was pointed for planned for drill testing.

Cash Flow Report:

• Net cash used in operating activities: A$0.482 million.
• Net cash used in investing activities: A$1.002 million.
• Net cash from financing activities: A$0.250 million.
• Cash and cash equivalents at the end of the period: A$3.403 million.

Cradle Resources Limited (ASX:CXX)

Cradle Resources Limited, a mining company engaged in niobium exploration during Q4 FY2020, reached an agreement with Tremont Investments Limited related to the Panda Hill Niobium Project along with the existing dispute & arbitration amongst Cradle & Tremont.

The company is under progress to evaluate new prospects in the resources sector which would add value for shareholders.

Cash Flow Report:

• Net cash used in operating activities: A$0.189 million.
• Cash and cash equivalents at the end of the period: A$1.182 million.

Wildcat Resources Limited (ASX:WC8)

Gold and Base metal exploration company, Wildcat Resources Limited, formerly known as Fraser Range Metals Group Limited) released its Q4FY2020 results for the period ended 30 June 2020. During the period, the company completed the Maiden Soil Sampling programme. It received Drill programme approval from the New South Wales Department of Planning and Environment.

It also secured prospective tenements in New Pilbara Gold Province along strike from De Grey Mining's Hemi Discovery on the Berghaus Shear. Also, the company earlier raised capital worth A$4.63 million.

Cash Flow Report:

• Net cash used in operating activities: A$0.128 million.
• Net cash used in investing activities: A$0.151 million.
• Net cash from financing activities: A$4.451 million.
• Cash and cash equivalents at the end of the period: A$5.354 million.

Stock Information (on 30 July at 01:31 PM AEST)