Proactiveinvestors Australia

ARTICLES

• Thursday, December 05, 2013
  S&P 500 in longest slump for ten-weeks
  

  U.S. stocks for a fourth-day in a row on Wednesday, which delivers the S&P 500 its longest slump in ten weeks, as investors attempt to find more clues on the Fed's tapering timeline. Year-to-date the S&P 500 is up 38.4%. Gold soared 2%, with crude oil gaining for a fourth straight session. The ASX SPI 200 is up seven points to 5284.

• Wednesday, December 04, 2013
  Phoenix Gold delivers 109m at 1.8g/t gold near surface at Castle Hill
  

  Phoenix Gold's aggressive drilling program in the WA Goldfields continues to pay dividends, with the latest results demonstrating the depth potential below current resource. Gold mineralisation has now been extended 200 metres below the previous drilling - with grades increasing at depth. The Castle Hill Stage 1 open cut reserve study is due on the next month.

• Wednesday, December 04, 2013
  Base Resources in milestone first ilmenite and rutile production at Kwale
  

  Base will now ramp up processing rates at its Kwale mineral sands project in Kenya to build inventories of rutile and Ilmenite ahead of bulk shipments in January 2014. Construction of the zircon circuit is in its final stages with commissioning expected during January.

• Wednesday, December 04, 2013
  KGL Resources hits heights with high grade massive sulphides at Jervois
  

  KGL Resources has further built a case for a significant resource upgrade at Jervois, after intersecting the Copper Equivalent of 18 metres at 10.3% copper in resource extension drilling. Drilling is ongoing at depth and along strike. Shares in KGL Resources are expected to open firmer following the results.

• Wednesday, December 04, 2013
  Po Valley Energy doubles gas flow from Gradizza-1 well
  

  Rigless testing of the Gradizza-1 well in Italy has more than doubled flow rates to 15,000 standard cubic metres per day from the 7,000scm/d from initial testing. This is due to continued clean-up of the well and reduction of formation damage.

• Wednesday, December 04, 2013
  Shree Minerals increases iron ore reserves at Nelson Bay River project
  

  New Australian iron ore producer Shree Minerals has increased defined Reserves at Nelson Bay River mine in Tasmania from recent drilling program. This saw an upgrade of the resource and an improved Mine Plan where production of Direct Shipping Ore operations has comenced with first shipping of iron ore due last week of December, first week of January.

• Tuesday, December 03, 2013
  Jatenergy closes Indonesian coal profit share agreement with Chapmans
  

  With the profit sharing agreement now finalised with Chapmans, Jatenergy will now proceed with reworking the Jongkang project in East Kalimantan, Indonesia, into a higher production facility with a monthly production target of 20,000 tonnes per month. With this we calculate it could be worth $600k to $720K in profit per year to Jatenergy.

• Tuesday, December 03, 2013
  Aspire Mining signs up Russian customers for Ovoot coking coal
  

  With two Memoranda of Understanding signed for a further 1.3Mtpa of coking coal, Aspire Mining has increased total potential orders for coking coal from its Ovoot Project in Mongolia up to 6.9Mtpa. It has also signed agreements to access 2Mtpa of Russian rail and port capacity which attests to the growing demand for products from Ovoot.

• Friday, November 29, 2013
  GBM Resources starts hard rock drilling at Lubuk Mandi Gold Project
  

  Hard rock drilling at Lubuk Mandi targets an Exploration Target of between 174,000 ounces and 443,000 ounces of gold, adding to the gold-in-tailings Resource of 34,800 ounces of gold. GBM Resources is targeting cash flow from retreating the tailings as soon as April 2014.

• Friday, November 29, 2013
  Fox Resources starts drilling at Bundaberg Coking Coal Project
  

  The initial hole at the company’s Bundaberg Coking Coal Project will determine if coal seams intersected by International Coal in EPC 2196 extend into its EPC 1523. The program will also confirm if any coal intersected is continuous to shallow seams intersected in historical drilling.

• Friday, November 29, 2013
  Latin Resources in US$9M Ilo Norte deal with Peruvian company
  

  The sale of a 70% interest in the Ilo Norte Project to Compañia Minera Zahena for US$3.65 million cash and an exploration commitment of US$5.35 million gives Latin the financing to continue advancing its exploration goals while ensuring that drilling is carried out in the short term at Ilo Norte.

• Friday, November 29, 2013
  Mozambi Coal sets metallurgical coal target for Rio acquisition
  

  With the ink barely dry on its acquisition of two Queensland coal licences from Rio Tinto, Mozambi Coal has already defined an Exploration Target of 70 million to 140 million tonnes of metallurgical coal for EPC 1768 in the Bowen Basin, which borders Xstrata Coal and contains outcrops of the Rangal, Moranbah and Fort Cooper coal measures.