Mining stocks have led the way with the ASX 200 rising 0.8% to 5,891.5 points.
Find out which company has formed a strategic alliance for the exploration and development of graphite in Mozambique.
The new licence is prospective for porphyry copper-gold mineralisation and is located in a region with easy access and development infrastructure.
Initial work will include a more detailed literature search on previous exploration and a ground assessment.
Development of the Watershed Tungsten Project is proceeding with JOGMEC working to pair Vital Metals with a Japanese partner with a need for tungsten and the ability to assist with project finance.
The project has one of Australia’s largest recoverable tungsten Ore Reserves of 21.3Mt at 0.15% WO3.
All conditions relating to the grant of the two graphite licences in Mozambique that Mozambi Resources is acquiring have now been met.
The licences are close to Triton Minerals’ Nicanda Hill Project and Syrah Resources’ Balama Project.
The binding agreement covers a 45 square kilometre graphite project area in the Ancuabe district.
AMG has recently taken the strategic decision to restart mining activities, which could support Triton Minerals as it moves towards graphite production in Mozambique.
Botswana Metals strategically located tenements have the potential for cash flow in less than a year, as joint venture partner and local nickel mining and smelting company BCL Limited is running out of ore.
Maibele North will have a JORC 2012 resource in early April 2015.
The three new licences are prospective for a number of commodities and increase Waratah Resources’ footprint in Gabon to over 6,000 square kilometres.
In particular, the Tchibanga Licence could be located in a minerals hot spot given that AIM-listed IronRidge Resources recently raised £9.7 million to fund its iron ore projects.
Drilling at Sefaatli in 2014 returned high grade intersections including 2.5 metres at 2,150ppm eU3O8, 6.2 metres at 810ppm eU3O8, 4.3 metres at 930ppm eU3O8 including 0.5 metres at 2,240ppm eU3O8.
The completion of the Black Swan transaction gives Poseidon Australia’s second largest nickel sulphide processing capability.
Further work has now started to reopen the mine.
The release of the Muga Potash Mine Definitive Feasibility Study in northern Spain has been eagerly anticipated and based on the profit margins and long life mine and OPEX/CAPEX metrics it did not disappoint.
Axiom Mining is developing the world-class Isabel nickel project located in the Solomon Islands.
Axiom's managing director and CEO Ryan Mount speaks exclusively with Proactive Investors.
Recent activity has earned Impact Minerals an 87% interest in the copper-nickel-platinum group metal rights for the Broken Hill JV.
Follow-up drilling will begin next quarter to confirm the potential for a significant discovery.