Overseas leads have sent the ASX200 up 0.2% to 5,651.2 points with miners and bankers making gains. Shanghai Stock Exchange Composite Index is up 0.02% to 2,207.56 points while in pre-open markets the Dow Mini is up 10 points to 17,107.
Resource drilling at A-Cap Resources’ Letlhakane Uranium Deposit in Botswana has confirmed the presence and continuity of higher grade uranium mineralisation within the shallow areas proposed for early mining. It also provides valuable information required for the pit optimisation study.
The Australian Football League’s approval for the case-by-case use of Regeneus HiQCell® stem cell therapy to treat injured players is a significant step forward for Regeneus with a high profile sporting authority. The regenerative therapy has also received clearance from the Australian Sports Anti-Doping Authority.
Apollo Minerals has now commenced a drilling program at the highly prospective Mars Aurora Tank Project, which may if successful be comparable in size and style given magnetic signatures to IOCG mineralisation evident at the nearby Prominent Hill Mine. Apollo's shares are expected to firm.
The acquisition of Bear Head LNG provides a second North American LNG project. This expands and diversifies LNG's development pipeline. It provides guidance on achieving Financial Close of Magnolia LNG in mid 2015.
The discovery of a new high grade gold-copper vein from step-out drilling has the potential to add to Resources at the Deflector Project in Western Australia. Shares should open higher on the 9.9g/t gold and 7.5% copper hits.
That a major company holding a 35% market share of the U.S. automotive textile market has purchased its FR chemistry for a commercial production run is an inflextion point for Alexium. This should increase acceptance of its environmentally friendly, cost effective FR solutions and accelerate the sales process.
President Xi Jinping’s official visit to Mongolia, the first by a Chinese head of state in 11 years, has resulted in a number of agreements that bring Aspire Mining’s Ovoot Coking Coal Project closer towards development. These include more efficient transport across border points, access to rail networks to Chinese ports and potential access to Chinese financing.
Baker Young Stockbrokers continues to maintain a Buy Recommendation for Alexium International with a risk-adjusted share price target of $0.24. It expects the 2014/15 financial year to be a defining year for the company as it increases sales.
With applications for its share offer already exceeding its minimum level of $2,090,000, Viking Mines is well on its way to securing the funds needs to complete the Auminco takeover and carry out exploration and development of its coal and gold assets, particularly the Berkh Uul bituminous coal project in Mongolia.
Red Mountain Mining's shares are set to trade higher after trenching high-grade silver at the Camo prospect, which has the potential for a “look-alike” to the high grade South West Breccia gold zone at shallow depth.
The acquisition of the license 4118 adjacent to Syrah's Balama Graphite Project is a neat pick up for MTA, adding to its Montepuez Graphite Project licenses, two of which are also along strike of Balama and Triton's projects.