The metallurgical sampling will assist to optimise heap leach metallurgical and process design flow sheets for the Tarcoola. In turn this will assist in determining feasibility level capital and operating cost estimates for detailed evaluation of the project’s economics.
Gunson has commenced drilling at its mineral sands project along the coast of Tanzania, within a major world class mineral sands corridor. These projects are surrounded by some of the world’s major mineral sands mines in neighbouring Kenya, Mozambique, Madagascar and South Africa.
Proteomics International Laboratories has generated $7.5M in revenues since 2001 and does not intend using its resources to develop diagnostic tools or drugs, but seeks to licence the discovered IP to major pharma groups, who have the required resources for development.
Shares in KGL Resources are expected to gain today after the company hit 2,350g/t silver at Jervois from RC drilling - which is the highest ever silver grade. The PFS is on-track to be completed in the next fortnight.
Alexium's CEO and executive director, Nicholas Clark, has now travelled to Washington, DC, to educate legislators and regulators that its flame retardant treatment can be applied to consumer products without toxins. This new market provides significant revenue potential in addition to the military applications.
Sun Resources has executed a revised Letter of Intent and amends joint operating agreement with Ursa Resources II LLC, reducing Sun’s working interest in Badger from 50% to 10%. This reduces cash exposure for Sun for the initial well cost to zero. Badger is expected to spud prior to year-end 2014.
Admedus shares are expected to open stronger after the therapeutic Human Papilloma Virus (HPV) vaccine preclinical studies met with success and will progress to Phase Ib clinical studies.
U.S. stocks surged Friday, but pared early morning gains sparked after ECB President Mario Draghi said the ECB will do what it must to lift inflation, while China's central bank announced a surprise interest rate cut. The ASX SPI 200 has jumped 52 points to 5360.
Geophysics has now identified new targets at Jervois which will be followed up with drilling. The project is already one of the highest grade copper open pit projects in Australia, with significant silver credits and lead / zinc potential.
New Talisman now has additional funds for its continued development of the Talisman Mine in New Zealand. Earlier in the month the delivered a major milestone with the first production of commercial gold from the historical mine site in over 30 years.
Blackham Resources' Golden Age deposit is a high grade quartz reef that has historically produced 160,000 ounces at 9g/t and has existing access via the Bulletin decline less than three kilometres from Blackham’s 100% owned Wiluna gold plant. The deposit was still being mined up until the plant closed in June 2013.
Pacific Niugini now owns 65% of the Halls Creek Project and is on the road to 80%. The company could pour the first gold from the Nicolsons mine in 2015, with total pre-production Capex estimated at just A$10.7 million.