Following on a Wall Street rally, the All Ords has closed up 1.2% to 5,242.6 points.
This potash company has agreed a project finance mandate with four major European banks for its project in Spain.
The zirconia and rare earths project is expected to generate annual revenue of $580 million and EBITDA of $320 million. NPV is estimated at $1.22 billion while Capex is expected to be about $1.3 billion.
A 12 month TV and digital advertising campaign will primarily target women suffering from hair loss or hair thinning. It will build brand recognition and sales of Cellmid’s évolis® branded hair growth products through retail and online outlets.
Resource Capital Fund V, Uranium Resources’ largest shareholder, will vote in support of the merger with ASX listed Anatolia Energy. Promisingly, it is also evaluating project financing options for Anatolia’s Temrezli Project.
Black Rock's exploration news flow is about to heat up, with drilling results from Epanko north expected in early September, to be followed by drilling assays at Cascade and Ulanzi. The company is well-funded.
Kenex’s predictive modelling for minerals in 2D and 3D has successfully identified new exploration targets and resource development projects including those for ASX public listings. Emmerson's core project focus remains the rich Tennant Creek Field.
Drilling has intersected up to 12.84g/t gold at the free-milling Galaxy gold deposit. Further reverse circulation holes will be drilled on the eastern extensions before the company re-estimates resources. Galaxy is one of feed sources for re-commissioning the Wiluna Gold Plant.
An independent Safety Review Committee has unanimously recommended that Admedus Vaccines; Herpes Simplex 2 vaccine Phase II study continue without any changes. Recruitment is continuing and interim results are expected before the end of 2015.
Reflecting the robust DFS projected revenues, the banking syndicate to provide project finance for the Muga mine consists of heavyweights: BNP Paribas S.A., ING Bank N.V., Société Générale Corporate & Investment Banking and Banco Santander S.A.
Alkane Resources' gold sales surpassed A$100M from Tomingley in FY15. Now a rising Australian Dollar Gold price is improving margins.
Ian Chalmers, managing director of Alkane, speaks exclusively in Proactive Q&A Sessions™.
The significance of the latest sales wins is that this highlights Alexium's ability to increase revenue per customer. Sydney firm Foster Stockbroking has a Buy Recommendation on Alexium.
All eyes will be watching a drilling program unfold near Broken Hill where one of Australia's highest ever platinum group metal discoveries was made by Impact Minerals. Since then Impact has attracted Andrew Forrest as a cornerstone investor.