Proactiveinvestors Australia

ARTICLES

• Wednesday, December 11, 2013
  Manas Resources: Shambesai Gold Project receives Parliamentary support
  

  The Kyrgyz Republic’s Energy and Minerals Parliamentary Committee has recommended the full development of the Shambesai Gold Project. This is expected to assist with securing finance. Manas Resources is also preparing to submit the environmental impact assessment. The project's total LOM (C3) after capital and tax estimated to be US$676/ounce.

• Wednesday, December 11, 2013
  Cellmid bags $2 million to advance new drugs and antibody program
  

  The placement of more than 66 million shares at $0.03 each allows Cellmid to commence investigational new drug enabling studies. It will also advance its therapeutic antibody program, which studies have already demonstrated efficacy in reducing cancer tumour growth and spread.

• Wednesday, December 11, 2013
  Peak Resources on track with PFS for Ngualla Rare Earth Project, Tanzania
  

  The PFS for Peak’s Ngualla Rare Earth Project in Tanzania will be released in the first quarter of 2014 and will include a revised economic assessment. This is likely to take into account rising prices for key high value rare earths including neodymium, praseodymium and europium that form the bulk of its projected revenue. A maiden Reserve estimate will follow shortly.

• Wednesday, December 11, 2013
  Gold soars 2.2% to $1,261.10 an ounce
  

  There was some lustre added back to gold overnight with yellow metal for February delivery soaring 2.2% as investors continued to speculate whether the Federal Reserve will begin tapering its bond-buying program as soon as this month. Silver and platinum were also big movers.

• Wednesday, December 11, 2013
  U.S. stocks listless as investors mull Fed talk
  

  U.S. stocks lacked direction on Tuesday and lost some ground, as investors continued to digest speeches from Fed president's regarding when the tapering of stimulus will start. Precious metals soared with gold adding 2.2% and silver 3.1%. The ASX SPI 200 is down 35 points to 5112.

• Tuesday, December 10, 2013
  Syrah Resources pens Measured graphite resource at Balama West
  

  With consultants MSA Group saying that Balama graphite can be marketed, Syrah Resources has upgraded 90% of the Indicated Resource at the Ativa Zone of Balama West in Mozambique to the Measured category (11.6Mt at 19.9%TGC and 0.4% V2O5).

• Tuesday, December 10, 2013
  Triton Minerals intersects 156m of graphite at Balama North, Mozambique
  

  Diamond drilling and trenching at the Nicanda Hill Prospect of Triton Mineral’s Balama North Project in Mozambique has raised the likelihood that it is a continuation of graphitic mineralisation intersected at the Cobra Plains Prospect. This could extend the potential strike to 8 kilometres.

• Tuesday, December 10, 2013
  Kogi Iron ups iron ore resource and confidence at Agbaja, Nigeria
  

  Shares in Kogi Iron could open higher with the company increasing Resources at its Agbaja Iron Ore Project in Nigeria by 20% to 586Mt at 41.3% iron. It has also made its maiden Indicated Resource estimate of 466Mt at 41.4% iron.

• Monday, December 09, 2013
  Are ASX resources company valuations set to rise?
  

  With release of strong U.S. economic data showing a reinvigorated economy and China holding off the dragons, could ASX resources company valuations be set to rise?  Keep in mind that over the next two decades over 250 million Chinese will move into cities – roughly the equivalent of two Japans according to United Nations forecasts.

• Monday, December 09, 2013
  Manas Resources raises funds to progress Shambesai Gold Project
  

  Funds raised from the non-renounceable entitlement issue will be used for pre-development and development costs for the Shambesai Gold Project in the Kyrgyz Republic including detailed plant design, commencement of site works and project finance costs. Total LOM (C3) after capital and tax estimated to be US$676/ounce.

• Monday, December 09, 2013
  Fox Resources intersects coal with first hole at Bundaberg Project
  

  Shares in the company should trade higher today after the first hole at its Bundaberg Coking Coal Project intersected three separate coal seams totalling 2.4 metres that appear similar to the seams intersected by the International Coal/Hancock Prospecting joint venture in the adjacent permit.

• Monday, December 09, 2013
  KGL Resources hits more massive sulphides at Jervois, Northern Territory
  

  KGL has intersected a new zone of massive and semi-massive sulphide containing visible copper, lead and zinc mineralisation at Jervois. The latest hit is just 90 metres north along strike and 50 metres down dip from KJCD048 - which delivered a copper equivalent of 18 metres at 11.3% copper. Assays for KJCD048 show up to 35.10% lead.