Bauxite Resource and BAJV are planning further environmental and development studies over the coming months on both the Felicitas deposit and the adjoining 100% BRL Fortuna deposit. This will assist commercialisation of these resources to supply the projected market shortages of both bauxite and alumina over the coming years.
Pacific Niugini has delivered up to 149.17g/t gold from the latest diamond drilling at the Nicolsons Gold Mine near Halls Creek in Western Australia. The company is looking to re-commence mining and ore processing.
The funding from well connected WAFA Mining & Petroleum for the advanced Legleitat Mauritanian iron ore deposit demonstrates that projects with potential low operating and production costs will still gain funding.
The acquisition and $10 million capital raising ($5M - RCF) represents global commodities trader, the Gunvor Group's first investment in iron ore and first in Australia. It was also struck at a premium to prevailing Ascot share price. Wonmunna is adjacent to leading iron ore producers in the Pilbara and existing infrastructure.
U.S. stocks pulled back from record breaking territory overnight as investors worried about Chinese growth and housing data. Investors also took some money off the table as the Dow is up 14% for the past year. The ASX SPI 200 is off eight points to 5352.
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 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.