Major banks have helped pull the All Ords down 2% to 5,117 points.
However, this company has soared to new heights after identifying potential for its project to host a jumbo gold resource.
Whilst the tin-copper orebody is a globally significant tin deposit, the tungsten porphyry deposit is a potential Tier 1 strategic metal asset that is double the grade of Wolf's Hemerdon tungsten and tin project which recently entered production.
Abundant visible gold has been panned from a rich outcrop at the Southern Gold Zone of the Aucu deposit. This extends the SGZ to at least 2,500 metres, with three major mineral systems providing potential to host a very large gold resource.
Receipt of the German Government loan guarantee meets the first important condition for the company to receive an UFK guarantee, which provides lenders insurance against commercial and political risk. KfW IPEX-Bank is assessing lending for the Epanko Project.
Admedus has received an Add rating from broker Morgans, with a target of $0.18. Based on the last price of $0.074, the target implies the potential for a 140.9% upside.
Mongolian-based Signum Resources has provided US$800,000 in funding for Aspire's Mongolian infrastructure company Northern Railways to carry out the first stage of the Bankable Feasibility Study for the Erdenet to Ovoot Railway. It will also assist in sourcing funding for the rest of the study and identify strategic partners and new funding sources.
Shareholder approval will be sought to raise the funds through a share issue to unrelated third parties and a general offer to existing shareholders. The company is seeking a listing of its Timor Manganese Smelter business on the Catalist Board of the Singapore Exchange.
The first batch of holes at Havihua Ridge have returned nickel intersections of up to 2.29% nickel, providing confidence in defining the extent of saprolite nickel mineralisation. Phase 1 of the resource drilling program is due to be completed this week.
The first is with Mahatta Multimedia, a leading Indian content agency that operates online content platforms in India such as www.indiapicture.in and is also the representative of Shutterstock in India.
The discovery of a large subsurface aquifer could reduce capital costs for the Colluli Potash Project by eliminating the need for a 75 kilometre seawater delivery pipeline. The Definitive Feasibility Study is due for completion in the fourth quarter of 2015.
BBX expects mobilisation to commence within the next 2-3 weeks and drilling to commence immediately the rig is on site. While Juma East is greenfields, the area has historically had thousands of artisanal miners, highlighting known gold in the area.
The notes can be converted into AFA shares at 80% of the 30-day VWAP. ASF Group recently reached an agreement with the Queensland State Government on a multi-million-dollar integrated casino and resort development on the Gold Coast.