There were few places to hide on the ASX today, as investors sold off the blue chips across the board, pushing the local market down 1.3%. Miners were hit by another drop in the iron ore price, while the banks took a bath. But which stock jumped 34.8%?
The software allows a user to chat with another user, irrespective of which chat app they use. e.g. A user with WhatsApp or Skype is able to chat with a user who has Viber. Part funded by Google Ventures, Chat Center will look to monetise the application almost immediately.
Today's resource upgrade at the Bennet Well uranium project is just the beginning, with the company planning to drill in excess of 100 holes to define in situ leach characteristics. Metallurgical studies on core show uranium recoveries of 94%-96%, which places the project squarely on the development pathway.
The transformation of Carbon Energy to become a major gas supplier in Queensland has stepped up, as it notches the fifth largest reserves of Proved and Probable (2P) gas in Queensland. Carbon Energy is in discussions with potential industrial off-take partners.
Cott Oil and Gas now holds around $5M in cash following the sale of a non-core stake in Kina Petroleum, and has exposure to a growing LNG hub in Asia through the 40% owned Pandora Gas Field. Santos is a partner. Michael O’Keeffe (ex-Riversdale chairman/ founder) holds an 8.7% stake in Cott.
The first two trial mining pits at the lead-zinc-silver Uludere Project have been opened by Project operator, Anatolian Resources Madencilik. This follows an off take sales contract Condor signed this week with the largest Lead-Zinc miner in Southeast Turkey.
Sun Resources has revealed that significant hydrocarbon indications have been observed in the Lower Woodbine target formation. The area is highly prospective with the US$50B capped EOG Resources having drilled 7 producing wells. Sun has some powerful backers, including Gina Rinehart's Hancock Prospecting.
In one of the most highly anticipated drilling programs in the Fraser Range we can recall, Segue Resources' MD Steven Michael has fast tracked a major diamond (and RC) program at the Plumridge Project. This was after aircore drilling intersected favourable geology with mafic/ultramafic rocks identified.
RedFlow shares are expected to rise after the company completed its initial trials with its prototype large scale energy storage system. The company is partnering with the circa $6B Flextronics for manufacturing, with commercial volumes expected before the end of 2015.
Phase 2 drilling at Plymouth Mineral’s Morille Tungsten-Tin project in Spain will follow up earlier drilling this year that confirmed high-grade mineralisation and the widespread extension of mineralisation within the Project. New drilling will obtain geotechnical, structural and metallurgical information in areas which are deemed prospective for resource generation.
Drilling to increase the resources open pit limits and the M1 underground potential at Blackham Resources’ Matilda Gold Project in Western Australia has intersected high grade gold. The latest intercepts provide grades and widths that are attractive to underground mining, and confirm significant continuity of the shoots.
The acquisition of the San Santiago Assets is a "walk-in/walk-out" transaction and will cost US$5.5 million with settlement to take place on Wednesday 17 September 2014, Peru time. This will deliver to Minera control of an operating copper toll treatment business that is generating annualised EBITDA of circa US$2.5 million per annum.