Thundelarra has improved the prospects for developing an economic inventory at its Sophie Downs project in Western Australia after a recent drill campaign discovered broad intersections of base metal and graphite mineralisation.
Exploration continues at speed for Black Rock in Tanzania, and now a reverse circulation infill program is underway at Mahenge. Drilling will start in early December at Bagamoyo. Next key catalyst will be the JORC Resource at Ulanzi.
Manalto's revenue generation scalability in the cloud is one aspect that has attracted sophisticated and professional investors to a $3.1 million raising. A share purchase plan has also been launched.
Cardinal Resources has enhanced the potential of its Namdini gold project in Ghana, with new drilling revealing wide intersections of mineralisation and helping define a strike length of about 900 metres.
St George’s East Laverton is situated in a highly prospective area which hosts the Tropicana 8Moz and Gruyere 5Moz gold deposits. The company will now undertake a major gold-focused drilling early in 2016.
The equity investment proposal would provide a fast track to construction of the Kola Mine and also bring a consortium to develop a strategy as to how best to progress Dougou and Yangala project development.
Altech Chemicals has reduced the expected costs of its HPA high-purity alumina project by relocating one of the major pieces of processing infrastructure to a more practical physical location.
Xanadu Mines has received a Speculative Buy recommendation from broker Bell Potter. The broker increased its forward valuation by 14% to $0.33/sh.
King River Copper has raised more cash for its ongoing copper-gold exploration program in Western Australia as a new geological model piques investor interest.
Greenland Minerals and Energy has moved its Kvanefjeld rare earths-uranium operation into permitting phase after the Greenland government approved the project in a first-ever public input process.
Drilling is expected to take 35 to 40 days to reach Total Depth. Well logging and sidewall coring is could take 5 to 10 days on a success case.
Wangle's competitive advantages in web optimisation as well as enhanced security and privacy for users are compelling. Planned roll out of consumer platforms is well supported by cash reserves.