Proactiveinvestors Australia

ARTICLES

• Wednesday, January 28, 2015
  Alkane Resources delivers high profit margin at Tomingley Gold Operations
  

  Low cash operating costs of A$1,116oz have allowed Alkane's Tomingley Gold Operations to deliver a comfortable profit margin of circa A$310oz. The project generated revenue of $23.5M at an average price of A$1,426oz. The company has also lodged a new mining lease application for the Dubbo Zirconia Project.

• Wednesday, January 28, 2015
  S&P 500 has worst day in three years after durable goods data
  

  Wall Street slumped overnight following a sharp, unexpected fall in U.S. durable-goods orders. The ASX SPI 200 is off 31 points to 5460.

  Gold jumped 1% to US$1,291.70 an ounce.

• Tuesday, January 27, 2015
  RedFlow receives CE approval for zinc bromide batteries
  

  The CE approval is a key milestone for Redflow, as it is a requirement for sales in Europe. Minimal changes to make its zinc-bromide batteries CE compliant have been made and rolled out to production immediately. Shares in the company are expected to trade higher.

• Tuesday, January 27, 2015
  Aspire Mining, China Railways to carry out first stage Ovoot rail study
  

  The first stage Erdenet to Ovoot Rail Bankable Feasibility Study with CRCC is a step forward for Aspire Mining. It will place the company in a better position to negotiate a Concession Agreement with the Mongolian Government and advance funding discussions.

• Tuesday, January 27, 2015
  Pacific Niugini moves closer to gold production at Nicolsons
  

  Works will begin at the Nicolsons Mine in the ensuing weeks. This follows Pacific Niugini receiving the Department of Minerals and Petroleum’s approval of its Project Management Plan. The company is targeting positive cash flow 6 months from commencement.

• Tuesday, January 27, 2015
  South Boulder Mines on track to complete PFS for Colluli potash
  

  The Pre-Feasibility Study for the Colluli Potash Project is expected to be completed in February 2015. South Boulder is focused on completing the Definitive Feasibility Study and will also study potential economic upside associated with the other materials within the resource.

• Tuesday, January 27, 2015
  Anatolia Energy maintains Buy Rating by Canadian broker Dundee Capital
  

  Dundee Capital has maintained its buy recommendation with speculative risk and a price target of $0.25 for Anatolia Energy. It noted that the appointment of Tom Young as its chief operating officer eases concerns about the lack of uranium experience in Turkey. Shares in the company are currently trading at $0.08.

• Tuesday, January 27, 2015
  Peninsula Energy gets green light from U.S. Atomic Safety Licensing Board
  

  The ruling by the ASLB reflects the findings of the stringent licensing process implemented by numerous Wyoming State and US Federal agencies, providing a platform for construction advancing on schedule to be in production this year.

• Tuesday, January 27, 2015
  Triton Minerals secures A$20M funding for Nicanda Hill graphite
  

  Triton has entered into a binding agreement with the Hong Kong based Long State Investments to provide a funding facility for up to A$20 million. Triton's Nicanda Hill deposit has been confirmed as the world’s largest known combined graphite-vanadium deposit.

• Tuesday, January 27, 2015
  Cape Lambert Resources banks first royalty cheque for Marampa
  

  Banking its first royalty cheque from the Marampa Iron Ore Mine propels Cape Lambert into a different league of ASX companies as an income producing entity. The company is poised to receive hefty "annuity" style revenue streams of up to $12 million this year and up to US$56 million over four years.

• Friday, January 23, 2015
  Axiom Mining extends existing Isabel Project nickel intersections
  

  In its December quarterly, Axiom Mining extended high grade nickel intersections at its Isabel Project. Drilling at the West Guadalcanal Project has intersected gold and silver. Further drilling is underway.

• Friday, January 23, 2015
  Red Mountain Mining gains 50% boost to Batangas cash flows
  

  Improved Australian gold prices and reduced fuel costs have increased the free cash flow forecast for the Batangas Gold Project by 50% to A$45 million. IRR is now 65% while NPV is $28.5 million. The company is moving to complete the Definitive Feasibility Study, final mine permitting and additional resource/reserve delineation.