Proactiveinvestors Australia

ARTICLES

• Monday, May 20, 2013
  Australia’s All Ords gains 0.5% as financials rally
  

  Positive leads out of Wall Street and tentative signs of improved metals demand in China have led the All Ords to close up 25.6 points, or 0.5%, to 5,1854. The Shanghai Stock Exchange Composite Index was up 0.97% to 2,304.62 points while the Dow Mini is down 8 points to 15,354.4.

• Monday, May 20, 2013
  IPB Petroleum extends Browse Basin acreage
  

  The award of WA-485-P locks in a potential extension of the M.australis horizon oil play that IPB Petroleum plans to test in mid-July. Success will add to the prospectivity and value of the new permit.

• Monday, May 20, 2013
  Mindax targets increase in iron base at Mt Forrest project
  

  The start of the second phase drilling at Mt Forrest iron project puts Mindax on the path to potentially expand both the iron base as well as life of the mine. Importantly, it also has promise for the proposed partnership with Hong Kong-based Perpetual Mining, that could see the company invest $52 million.

• Monday, May 20, 2013
  Dow Jones and S&P 500 continue record breaking run
  

  U.S. stocks again hit all-time-records on Friday, as positive economic reports boosted investor sentiment. Gold in the spot market has fallen to US$1346 an ounce. In the pre-open markets the Dow lower by 12 points at 15,327, while the ASX SPI 200 is up 19 points at 5212.

• Friday, May 17, 2013
  Ikwezi Mining upgrades Ntendeka Colliery resources by over 33%
  

  A JORC compliant resource upgrade to 294 million tonnes at the Ntendeka Colliery in South Africa will potentially add to Ikwezi Mining's value upside as it is on the threshold of becoming a coal producer in the September quarter of this year. 

• Friday, May 17, 2013
  Range Resources targets Trinidad oil production growth
  

  With the completion of well in one of the thickest Lower Forest pay sections encountered to date, drilling of new wells and workovers of existing wells, Range Resources is making strides in ramping up oil production from its Trinidad operations.

• Friday, May 17, 2013
  Highfield Resources banks $5.1M from EMR Capital for potash projects
  

  The $5.1 million received is part of a planned $10 million investment by Owen Hegarty's EMR Capital in Highfield Resources to develop its advanced potash projects in Spain.

• Thursday, May 16, 2013
  Black Mountain Resources accesses high grade silver zone at New Departure Project
  

  Having made inroads to access the eastern area of the high grade silver Bonanza Zone at the New Departure project in Montana, Black Mountain is on the cusp of first cash generative silver production.  

• Wednesday, May 15, 2013
  Empire Oil and Gas highlights Perth Basin unconventional oil and gas potential
  

  An Independent Report by RPS Energy Services has defined the strong in-place potential for multiple billion barrels of oil and trillion cubic feet of gas to be contained within the various unconventional reservoirs in Empire Oil and Gas’ onshore Perth Basin Permits.

• Wednesday, May 15, 2013
  Cougar Energy starts JORC drilling at Mackenzie coal project
  

  Cougar Energy has started the Phase 1 drilling program at its Mackenzie PCI grade coal tenement that will unlock the value of the asset by helping define a maiden JORC Resource.

• Wednesday, May 15, 2013
  Shree Minerals clinches offtake and funding for Nelson Bay River iron ore
  

  Besides securing offtake for iron ore produced at Nelson Bay River Iron Ore DSO Project, the agreement with Singapore’s Frost Global also provides Shree Minerals with a US$4 million advance to progress development of the project, which has low forecast OPEX of $58 per tonne for DSO product FOB Port Burnie.

• Wednesday, May 15, 2013
  Elk Petroleum starts water injection at Grieve oil field
  

  The start of water injection at Elk Petroleum’s Grieve Enhanced Oil Recovery Project in Wyoming has the potential to achieve first oil earlier than expected by accelerating the re-pressurising of the Grieve Muddy oil reservoir.