The fully underwritten $69.4 million funding demonstrates the confidence investors have in Peninsula Energy’s Lance Uranium Projects and sets the stage for the company to become a uranium producer in 2015.
Highfield has signed a MoU with the Port Authority of Pasajés in Spain, which gives a non-binding commitment of port capacity for all of the product that is expected to be produced and exported from the company's Muga Project.
Cott Oil and Gas managing director, Andrew Dimsey, speaks exclusively to Proactive Investors about the company’s focus on developing the 800 billion cubic feet Pandora Gas Field offshore Papua New Guinea.
U.S. stocks ended sharply higher Wednesday after the Fed said it can be patient on hiking interest rates following its last meeting of the year. Oil gained and gold eased. The ASX SPI 200 is up 62 points to 5227.
Chairman Richard Shemesian has demonstrated his confidence in Apollo Minerals and its projects with the acquisition of shares in an on-market trade. He now holds about 16 million shares and 5 million performance rights. Directors are also providing support by taking shares in lieu of cash.
Assay of historic cores have confirmed strong continuity of mineralisation at the Kvanefjeld rare earth-uranium project. This will support the updated resource estimate scheduled for completion in early 2015.
The detailed gravity survey will be used to generate drill targets at the E21 area of the Plumridge Nickel Project. Drilling is expected to begin in the first quarter of 2015. The survey will also collect regional data across the majority of the project area.
Soil sampling at the Triple Crown South and Stockies prospects has returned results similar to the nearby Mount Garnet high-grade zinc skarn deposit. Both prospects have had only cursory previous exploration work. Arc Exploration will progress these targets in 2015.
The measures planned include a 10 to 1 share consolidation, a capital raising of up to A$10 million and refinancing of loans. This will enable PanTerra to progress a project that can extend the life of its Las Lagunas project to the pre-development stage. Talks are also underway with a potential Chinese partner.
The funding represents a “see-through” valuation for 100% of Batangas of around A$13.4M, more than three times the current market cap. of Red Mountain. Funding will be used to complete the DFS and permitting, then provide the initial project development financing.
Drilling at the Isabel Nickel Project has intersected high grade mineralisation of up to 18.2 metres at 1.88% nickel. Axiom Mining noted initial results had grades and widths that exceeded those evaluated by previous explorers in their feasibility studies. Shares in the company should trade higher on the news.
The milestone of over 10,000 kilowatt hours processed during long-term testing decreases the effective cost of the energy stored in the zinc-bromide flow battery. RedFlow is also poised to benefit from the manufacturing and supply chain capabilities of Flextronics. It expects to be cash flow positive by the end of 2015.