The Blue Gum Gas Project in Queensland continues to march closer towards commercialisation. Carbon Energy is awaiting state government approvals to commence approvals process for the Blue Gum Gas Project. This will move it closer toward unlocking Queensland’s fifth largest 2P Reserve of 1,128PJ, which could produce 25PJ of gas from around 2017.
Assays from the first drill hole at Talc Lake confirms the Massive Nickel Sulphide intersection returning 4.3m at 0.53% nickel from 211.1m, including 0.2m at 2.66% nickel. This is a strong start to MPJ's drill hole targeting and exploration strategy.
Drilling at White Cliff Minerals’ Aucu prospect in the Kyrgyz Republic has intersected further high grade gold mineralisation along strike from previously reported high grade zones.
Metallurgical testing has produced commercial-grade potassium sulphate (SOP) and a simple, high-yield SOP processing path at Colluli. SOP has historically enjoyed a 35% price premium over potassium chloride, making it likely that the project would produce additional revenue.
U.S. stocks rallied Tuesday as investors digested some upbeat earnings reports, including better-than-expected results from Apple, which is the largest component of both the Nasdaq Composite and the S&P 500. Gold jumped to US$1251 an ounce. The ASX SPI 200 is up 55 points to 5366.
There is much for Pura Vida and investors to discuss with a free carried deepwater drilling campaign targeting oil in the Mazagan permit offshore Morocco due to begin in January 2015. MD Damon Neaves will update investors at the Melbourne and Sydney Investor Luncheons.
The economic viability of mining Cauldron Energy’s Bennet Well uranium deposit in Western Australia could be improved by the intersection of high grade, near-surface uranium. There is potential to extend the size of the high grade zone.
Thundelarra has a large work program in October - December at its Allamber and Red Bore projects. This includes reverse circulation drilling at the Allamber Project in the Northern Territory targets where previously identified copper and skarn-style replacement mineralisation as well as known uranium-copper mineralisation at Cliff South.
Assay results are pending from Phase 2 exploration drilling at King River Copper’s Speewah Dome project in Western Australia. Visible copper was observed in a number of drill holes, which also confirmed robust mineralised structures, with potential strike lengths of many kilometres.
Triton Minerals extremely impressive drilling results from Nicanda Hill have delivered the world’s largest known combined Graphite-Vanadium deposit. The resource could be just the beginning, considering graphite mineralisation is open along strike and at depth. Shares are expected to soar.
The Junee and Oberon gold projects in New South Wales provide Arc Exploration with advanced gold projects that provide a potential fast track to production and cash flow. Managing director Dr Jeffrey Malaihollo will update investors at the Melbourne and Sydney Investor Luncheons.
Ascot continues to advance the recently acquired and strategically located Wonmunna project in the Pilbara, and now the Native Vegetation Clearing Permit has been granted. This is another example of the company executing and delivering project objectives quickly and efficiently.