The bulls were back in Bridge Street today with the Australian Stock Exchange charging ahead by 57 points to 5349. Fortescue Metals soared 10.8%, giving Andrew "Twiggy" Forrest a gain of around $1 million on the shares he bought on Friday!
Proteomics International Laboratories has generated $7.5M in revenues since 2001 and does not intend using its resources to develop diagnostic tools or drugs, but seeks to licence the discovered IP to major pharma groups, who have the required resources for development.
Apart from making significant cost reductions, Regeneus is in discussions with potential partners about licensing, development and distribution of its allogeneic stem cell products CryoShot and Progenza.
Apollo's shares are expected to lift after the latest intersection of iron-titanium-phosphate at Titan. Drill intersections and supporting geophysics suggest potential for large mineralised zones within both the Boulder and Claypan prospects.
These results are a significant step forward for Skyfall and the Magnetic End Use Rare Earth District. Spectrum is aiming to produce its first Rare Earth Oxide Product by reducing the oxalate component with results expected in weeks.
The metallurgical sampling will assist to optimise heap leach metallurgical and process design flow sheets for the Tarcoola. In turn this will assist in determining feasibility level capital and operating cost estimates for detailed evaluation of the project’s economics.
Gunson has commenced drilling at its mineral sands project along the coast of Tanzania, within a major world class mineral sands corridor. These projects are surrounded by some of the world’s major mineral sands mines in neighbouring Kenya, Mozambique, Madagascar and South Africa.
Shares in KGL Resources are expected to gain today after the company hit 2,350g/t silver at Jervois from RC drilling - which is the highest ever silver grade. The PFS is on-track to be completed in the next fortnight.
Alexium's CEO and executive director, Nicholas Clark, has now travelled to Washington, DC, to educate legislators and regulators that its flame retardant treatment can be applied to consumer products without toxins. This new market provides significant revenue potential in addition to the military applications.
Sun Resources has executed a revised Letter of Intent and amends joint operating agreement with Ursa Resources II LLC, reducing Sun’s working interest in Badger from 50% to 10%. This reduces cash exposure for Sun for the initial well cost to zero. Badger is expected to spud prior to year-end 2014.
Admedus shares are expected to open stronger after the therapeutic Human Papilloma Virus (HPV) vaccine preclinical studies met with success and will progress to Phase Ib clinical studies.
Geophysics has now identified new targets at Jervois which will be followed up with drilling. The project is already one of the highest grade copper open pit projects in Australia, with significant silver credits and lead / zinc potential.