With China approving six nuclear power facilities and the Japanese government pushing to restart 10 of its nuclear reactors, there is potential for the valuations of ASX-listed uranium stocks to grow - significantly in 2014/15.
With its Magnolia LNG project in Louisiana now authorised by the U.S. Department of Energy to export its full 8 million tonne per annum LNG production to Free Trade Agreement countries, Liquefied Natural Gas is now focused on securing binding long-term tolling agreements and submitting its application to the Federal Energy Regulatory Commission for full filing status.
MRL Corporation has established “first mover” status in southern Sri Lanka with four highly prospective vein graphite development projects. The company is establishing a major tenement position within the country which is globally renowned for its unique vein style graphitic mineralisation. Production potential in 2015.
A study in a peer review journal showing that using Regeneus’ licensed Kvax cancer vaccine had led to remission rates of 30%-60% in rats with the highly aggressive 9L glioma brain tumour is “significant and unique”. The company is focus on setting up a vaccine manufacturing site in the U.S.
Shares in Liquefied Natural Gas Limited should trade higher today after it executed a Tolling Agreement Term Sheet with AES Latin American Development that supports the economics of proceeding with the fourth processing train at its Magnolia Liquefied Natural Gas project in Louisiana.
With $1.5 million raised through a oversubscribed placement and up to a further $1.5 million to be sought through a rights issue, Argonaut Resources is well placed to progress drilling at its Lumwana West copper project in Zambia that will start during the dry season in May 2014.
The €10 million funding facility will progress mining of Condor Blanco's Marianas magnetite tailings Project in Chile as well as the proposed acquisition of South African hard coking coal projects.
Two exploration models that could explain variability in exploration results at Speewah Dome in Western Australia will be used to direct the next round of drilling due to commence in May. Exploration had yielded high grade copper, gold and silver surface results. First phase of drilling will be 11 holes at the Chapman, Catto West, Eiffler North, Todhunter Main and Todhunter South prospects.
The UK broker has upgraded its rating on Peninsula to a BUY, with a target price of A$0.09 (A$0.07 fully diluted). It noted catalysts for share price movement included: finalise debt funding — 1H14 and production — 2014/15.
The estimate of an Ore Reserve of 205Mt at 45.7% iron at Kogi Iron’s Agbaja Iron Ore Project in Nigeria comes just weeks after it delivered a Pre-Feasibility Study. This Reserve supports a 5Mtpa project for a minimum 21 years and significantly lifts the confidence level in the project and further de-risks a development path.
Condor Blanco Mines has successfully completed an iron ore commercial scale trial at La Serena, for iron ore from its Marianas project in Chile. Marianas' projected cash flows can be used to tap European capital markets for debt funding to ramp up production and also for the acquisition of the South African coking coal project. Condor Blanco shares are expected to open higher.
Under the information sharing agreement, International Coal and Fox Resources have agreed to share data from their adjacent hard coking coal projects at Bundaberg, Queensland. This could lead to joint development of the coal seams in respective projects. Significantly, Gina Hancock's Queensland Coal Investments will take over management and operation of EPC 2194, 2195 and 2196.