The Australian market has climbed with most sectors posting gains, sending the ASX200 up 1% to 5,721.5 points. Find out which manganese player has received a study highlighting the robust financial project economics of its planned smelter project.
The key Feasibility Study for Kvanefjeld rare earth-uranium project renders it as one of the world’s lowest cost rare earth producers and places it in the bottom quartile of uranium production costs.
The latest assays continue the brace of strong drill results from the Isabel Project. The project is shaping as one of the largest nickel laterite deposits in the Pacific, with the company targeting the establishment of a DSO operation by late 2015.
The 100% ownership of a key component of the SomnoDent® device for obstructive sleep apnea, provides the company with a proprietary material for its dental device, which is key in oral devices. Next generation materials could also be in use by early 2016.
A financial analysis of the planned manganese smelter has demonstrated the robust project economics including an estimated EBITDA of US$623.8 million, NPV of US$201.4 million, IRR of 45.6% and a two-year payback period. Start-up capital is expected to be US$67.5 million over four years.
MZI is on schedule for commissioning and first mineral sands production in Q4 2015, and on-track for first sales in early 2016 as the share price tracks development milestones higher. Keysbrook is a high operating profit margin project based on high grade mineral assemblage.
The new drill results are supported by historical drilling results which rank Gabanintha as one of the highest grade vanadium deposits currently being advanced globally. Yellow Rock shares are poised to open significantly higher this morning.
Excitement is building for Regeneus with the company to soon start first-in-human trials of RGSH4K, which uses the patient’s own tumour to create a personalised cancer vaccine. In canine trials, the majority of treated dogs outlived the average expected survival time for their particular type of cancer.
Liberty Resources will transition to a revenue generating tech company, after shareholders overwhelmingly voted for a change in the business’ main operations, its board and the company’s name.
Petrophysical testing from the historical Amamoor and Upper Kandanga manganese mines indicates mineralisation continues at depth. Ground based IP/ Resistivity surveys could define blind mineralisation along strike from and at depth below known mineralised zones. The Mary Valley project is located just 15 kilometres south of the town of Gympie.
The Abita well is cleaning up after recompletion work was completed and is now producing 1 million cubic feet of gas and 5 barrels of oil per day. There is potential for further improvements once stabilised rates have been achieved.
Isabel Nickel project is considered to be one of the largest nickel laterite deposits in the Pacific with the company targeting the establishment of a DSO operation by late 2015.
Axiom Mining has now raised A$4 million after attracting a number of institutional and high net worth investors.