Mining stocks have helped pull the All Ords down 0.1% to 5,571 points. Find out which company has significant zones of graphitic mineralisation in Tanzania.
The latest assays confirm the presence of significant zones of graphitic mineralisation at the Cascade and Epanko prospects. News flow will continue to be strong over coming weeks, with both drilling and trenching results.
Drilling of key targets at the Native Companion copper-gold project in the famed Mount Isa region is expected to start in the first week of August. This is part of the company’s efforts to explore and transform into a mid-tier copper producer .
Today’s funding, plus the award of $5 million in court costs along with $9 million due from the exercise of options, puts Axiom in an enviable financial position.
There is potential for more gold and base metal discoveries at Mount Garnet where the company is earning an initial interest of 51% from Snowmist. The region contains several large historic and active gold mines including Kidston, Mt Leyshon and Red Dome-Mungana.
The licensing agreement with Lasta Multimedia could generate revenues of between $100,000 and $350,000 per annum. It adds to recent multiple agreements signed by the company.
More than 1,200 local residents have held a pro-development rally to back the Lobo Municipal Council’s support of the development of the Batangas gold project. It is now proceeding through the final stages of approval by the central Philippines Government.
Alkane's Tomingley produced 69,612 gold ounces during FY15 - within guidance. Cash flow was an impressive $23.7M. Funds have been allocated to the Dubbo Zirconia Project for feasibility and engineering studies. This funding strategy is non-dilutive to shareholders.
The company is focused on finalising the Environmental and Social Impact Assessments through the third quarter of 2015. This will be followed by the application for a mining licence.
Licensing of the Newzulu Platform and Newzulu Live products could generate between A$600,000 and A$1,500,000 per annum in revenue that could begin within 12 weeks. The agreement is Newzulu’s second with a major Australian media company.
With cash of $97.3M, future royalty payments of up to US$32M and no debt, the company is positioned to capitalise on high impact opportunities in the North West Shelf. Former Woodside Petroleum senior executive Dr Peter Moore brings his experience as a recently appointed non-executive director.
The first targeted consumable products will be activated glass and polymer slides using Anteo’s proprietary Mix&Go™ technology. This is expected to deliver more accurate results and better, longer-lasting and more cost effective diagnostics.