Wall Street was higher near the close of regular trading on Friday as healthcare and technology stocks rebounded, and as data pointed to a pick-up in economic activity. The ASX SPI 200 is up 34 points to 5833.
Resources stocks have pulled the ASX200 up 0.4% to 5,814.4. Find out which LNG developer reached a key milestone.
The Etango Heap Leach Demonstration Plant will showcase and de-risk the Etango Uranium Project, one of the largest undeveloped uranium deposits globally. Register today for Proactive's Melbourne, Sydney Investor Luncheons in May to hear more.
Evolution Mining is investing up to $9 million in Phoenix Gold through a subscription of 105.9 million shares at a 18% premium. Proceeds will enable an accelerated exploration program on Phoenix Gold’s Zuleika shear projects.
The Isabel Nickel Project is considered to be one of the largest nickel laterite deposits in the Pacific with the company targeting the establishment of a DSO operation by late 2015. Axiom is now in funding and development discussions.
By-products from the Muga operations could provide another substantial opportunity for Highfield Resources, by generating additional product, and therefore revenues and EBITDA. There is also the potential of financing via an offtake contract for the vacuum salt.
The issue of the Notice of Schedule for Environmental Review signals that FERC has the information necessary on the critical elements of the Magnolia LNG project for it to complete and issue the final environmental impact statement, now anticipated on 16th November 2015.
Mining operations at the Matilda Gold Project could start in the first quarter of 2016 with gold pour in the following quarter. Contractor rates have been reduced from previous rates and will be used in the Pre-Feasibility Study.
KGL Resources is set to deliver a boost in news flow now that an 11,000 metre drilling program has wrapped up at Jervois. A resource upgrade is expected in July 2015. Simon Milroy, managing director, speaks exclusively to Proactive Investors.
Production of 17,421 barrels of oil and 15.36 million cubic feet of gas has generated quarterly revenue of $1.4 million for Grand Gulf Energy. Grand Gulf's strategy is to acquire distressed production assets and to actively market and sell down its interest in the Yellowfin project.
The company is developing an Indonesian based manganese ore and alloying business and plans to list on the Singapore Exchange Catalyst Board.
GMC has entered into a Term Sheet covering a Committed Equity Funding Agreement to provide a total of US$20 million.
Development of the Talisman Mine is continuing with the grant of Change of Conditions, completion of a comprehensive traffic survey and progress on the remaining requirements by Worksafe NZ.
An applied for an extension of land over the Rahu area, which is generally contiguous with the Talisman permit mineralisation.