Cash receipts in the fourth quarter of 2014 are up 7.6% from the previous quarter to $7.4 million. This is up 42.1% from the previous corresponding quarter. The company has $20.2 million in cash. Shares should trade higher today.
Tiger Resources expects all-in sustaining cash cost to fall through 2015 to average between US$1.57 and US$1.67 per pound. Production is forecast at 25,000 tonnes of copper cathode.
Applabs achieved strong revenue and contract growth in the December quarter 2014, demonstrating the capabilities of its Fee for Service division. This could be just the beginning, with $1.1 million in additional new contracts quoted. Applabs is well-funded.
Outstanding components for the Kvanefjeld Feasibility Study are set for completion in February. An updated Resource estimate is expected soon with a Mining Reserve to follow soon after. The pro-uranium Greenland Government also provides a clear path forward.
U.S. stocks shook off earlier losses to end markedly higher, as investors focused on a slight bounce in oil prices and better-than-expected jobless claims data. Oil edged higher, gold dropped. The ASX SI 200 is up 51 points to 5557.
The $1.2 million loan facility from Macquarie Bank will be repaid from the expected research and development tax rebate for FY2015. Carbon Energy's Blue Gum Gas Project has Queensland's fifth largest Proved and Probable Reserve of 1,128 petajoules.
The first mining campaign has produced 5,639 ounces of gold at the Greenfields mill. Phoenix Gold expects the Kintore mine to be cash flow positive in the March quarter 2015 as strip ratios decrease and higher grade ore is accessed at lower levels.
Drilling at Mining Projects Group’s Roe Hills Project has identified a new thick nickel sulphide fertile lava channel. This increases prospectivity of the entire 40 kilometre strike. Geology is comparable to that at the Cosmos Nickel Project.
The oversubscribed placement was made to new institutional, sophisticated and professional investors. This delivers further financial capacity to Blackham’s register. Discussions are progressing to finance the Matilda Gold Project through exploration, feasibility and into production.
Poseidon is expected to convert a significant amount of resources at Lake Johnston into the Indicated category within weeks, with the next step the potential to convert to reserves. The company has also received offers for nickel concentrate offtake.
A higher ratio of Golden Gate ore milled and improved mining performance has resulted in the production of 19,699 ounces of gold in the December quarter 2014. This is higher than its guidance of 18,000 ounces.
Sales of 13,575 sleep apnea devices in the December quarter 2014 represent a growth of over 21.8% compared to the same quarter the previous year. This has also contributed to a 18% increase in first half FY15 revenue to $14.8M. SomnoMed has confirmed forecast revenues of $32.5M for the current financial year.