The Chinese are hoarding it, and Warren Buffett is investing in it. Prices and demand have been steadily increasing for years. Tungsten is more than just an extremely hard metal. Indeed, modern life virtually revolves around it and, in most cases, there is no substitute.
Thundelarra is now well-funded for follow up drilling at Red Bore, where DSO grade copper was recently discovered. A 1400 metre reverse circulation program has already received approval. Curara Well is also a focus for the company.
The patent applications for new types of TZ SMArt Locking and Fastening Devices in Australia and Japan offers TZ Limited new device adds value to its intellectual property as well as support new applications for its technology.
The fresh approach by Neil Hutchison, who has form in making nickel sulphide discoveries in Western Australia, looks to have already paid off with a structured plan that has defined ready drill targets below and down plunge from previous nickel sulphide intersections.
The decision to increase its stake in Professor Ian Frazer’s Admedus Vaccines, which develops therapeutic vaccines including HSV-2 and HPV to 66.3% from 50.1%. Additional data from the Phase 1 study for the HSV-2 vaccine will be released this quarter.
The S&P hit a new record overnight but all eyes are on Facebook which reports after the bell. The Dow ended lower. Investors remain cautious on geopolitical concerns. Gold eased and oil gained. The ASX SPI 200 is up 19 points to 5546.
With total sales for the 2013/14 financial year coming in above guidance at 43,438, SomnoMed has achieved a clear sign of the fast growth path ahead with its sleep apnea appliances in 2014/15 with sales volumes expected to exceed 55,000 units.
MPJ is now funded to drill highly prospective nickel sulphide targets at its Roe Hills project, after raising $1.4M from professional and sophisticated investors. Historical nickel sulphide intersections at the project add interest. MPJ is expected to trade higher.
While work is continuing on its Castle Hill Stage 1 project, Phoenix Gold is certainly not sitting on its laurels, approving development of the Kintore West open cut project and award of mining contracts as part of the Castle Hill staged development plan.
The Fox 3 drill hole has confirmed the lateral continuity of modelled coal seams at Fox Resources’ Bundaberg Coking Coal Project in Queensland. It has also intersected thicker upper seams that could increase the current Inferred Resource of 101 million tonnes.
The non-binding Memorandum of Understanding to sell up to 250,000 tonnes per annum of oxidised coal from the Ovoot Coking Coal Project in Mongolia to Zavkhan Power Station provides Aspire Mining with a potential revenue stream from what would otherwise have been considered waste material.
Greenland Mineral's Kvanefjeld uranium and rare earth deposit in Greenland continues to advance towards key milestones including looking to finalise a mining license application through 2014, the upcoming permitting process and commercial discussions with development partners.