A reinstatement onto the ASX this morning follows a transformative period for Minera Gold's Ashley Pattison, bagging non dilutive, off balance sheet funding from SilverStream, and further funding for a total purse of $7 million. This will complete the planned expansion of the Torrecillas Gold Project in Southern Peru and a transition to owner operator milling.
The coking coal agreements give Condor the right to earn a stake in The Duel, Universal Annex and Mopane projects, all located in the Soutpansberg Coalfield of northern South Africa. The debt funding is now due from a Swiss based bank, with the loan documents having been presented to Condor for final review.
Better-than-expected GDP growth from China and U.S. Federal Reserve chair Janet Yellen's commitment to support the economy “for some time” sent the Dow Jones Industrial Average up 143 points to 16,406. The ASX SPI 200 is up 17 points to 5,424.
Investors were relieved that China managed a 7.4% economic growth rate for the first quarter, beating dire forecasts and sent Australian stocks and the ASX200 up 0.6% to 5,420.3 points. The Shanghai Stock Exchange Composite Index is almost unchanged with a slight 0.02% dip to 2,101.19 points while in pre-open markets the Dow-mini is up 65 points to 16,270.
The silver assays from Nimbus-Boorara Project in Western Australia provide an exciting new vista for MacPhersons as it indicates that host rocks and mineralisation occurs up to 600 metres below historical producing mines and offer long term underground mining opportunities.
The fieldwork is designed to generate drillable targets at Merolia nickel-copper project in Western Australia. The prospective parts of the project extend over 80 kilometres and are along strike from Independence Group's (ASX: IGO) Rosie and Rox Resources'(ASX: RXL) Camelwood nickel sulphide discoveries to the north.
Today's MoU with Zambian electricity authority, ZESCO continues the brace of news and momentum building from Sese and the case for medium term re-rating of AFR. The announcements indicate the role that AFR is likely to play in fuelling power hungry African continents.
Real Energy is the only junior oil and gas explorer left with a large landholding in Australia’s prolific producing Cooper Basin (8,314km2) that is 100% owned that is prime oil and gas exploration ground. As the last junior left with 100% ownership of its landholdings, we expect Real Energy will have takeover appeal at some stage. Real Energy also has cash reserves of $14.1m.
Fire assays of drilling carried out at Mindax Limited’s Meekatharra North Gold Project in Western Australia have returned results of up to 1 metre at 3,820ppb gold. The company will now complete the full geological interpretation and consider future work programs with its joint venture partners who funded the current work.
Shareholders have given the thumbs up to Apollo Minerals’ strategic alliance with High Power Exploration targeting Iron Oxide Copper Gold in the Gawler Craton, South Australia. This will see the private explorer make a $1 million investment in Apollo and provide up to $3.4 million in funding to earn an 80% interest in the newly formed Commonwealth Hill Joint Venture.
The collaborative agreement with Biotecnol takes Cellmid into the growing immuno-oncology sector, which is expected to reach US$29 billion in annual sales by 2025. With these novel drugs the subject of significant deals worth US$5 billion in acquisition and license fees of mostly pre-clinical stage compounds since 2009, provides a new area of growth for Cellmid.
Preliminary exploration has started at Eclipse Metals projects in Queensland with exploration to determine potential resources and grade of manganese mineralisation at the Mary Valley Manganese Project and the collection of samples to determine if the iron at the Moonford Project can be upgraded to a saleable product.