The ASX200 is down 0.5% to 5,901.6 points. Australia’s GDP grew by 0.5% in the fourth quarter, down from 2.7% in the previous quarter.
Find out which graphite explorer drew investor interest after reporting strong initial drilling results.
Anatolia Energy is positioned to become a major force in the development of Western Asia’s uranium production that will supply nuclear fuel to Turkey’s burgeoning nuclear energy program. Temrezli will be one of the world’s lowest cost producers of U3O8.
South Boulder's PFS on its 50% owned Colluli Project has demonstrated that it is expected to become one of the world’s most significant and lowest cost potassium sulphate operations.
Metals of Africa has confirmed a major graphite discovery at Montepuez Central with first drilling assays including a near surface intersection of 145.59m at 9.60% TGC and 0.12% vanadium from 34 metres. Tellingly, this drill hole ended in high grade mineralisation and is open in all directions.
U.S. stocks retreated from fresh highs Tuesday, a day after the Nasdaq settled above the 5,000 mark for the first time in 15 years and both the Dow and the S&P 500 finished at new records. Oil gained and gold fell.
The ASX SPI 200 is off six points to 5917.
KPMG intends to appoint TZ Limited as its preferred supplier and technology provider for its Day Locker Management System at its offices across Australia. This is resounding validation of TZ Limited’s day locker offering and could result in further day locker orders.
The new target could host a polymetallic mineralised skarn similar to the nearby Mount Garnet high grade zinc-copper deposit. Arc Exploration is carrying out mapping to better define this target. It is also evaluating the potential to exploit the small oxide resource in the Triple Crown gold deposit.
With full control of the Ilo Norte Copper-Gold Project, Latin Resources is now seeking a new partner for the project. The company believes there is potential for a moderate tonnage high grade copper-gold deposit. This and its proximity to infrastructure and favourable topography, would likely be an attractive mine development.
Catalysts for Admedus include updates on the vaccine trial and CardioCel® growth. Morgans has placed a A$0.22 price target on Admedus, considerably higher than the last traded price of A$0.088.
Mapping and sampling have identified two priority locations on Mafia Island and another at the Kiswere Project. Testwork has returned high grade total heavy minerals and the company is looking to drill these high priority targets this year.
The sale of the first commercial large scale energy storage system is a milestone for RedFlow. This demonstrates the value of its ZBM systems to support distributed generation and the use of renewables. It also showcases its product, which is well suited to commercial buildings.
The Muga Potash project continues to benefit from the access to infrastructure in Spain, adding electricity supply from the local grid supplied by Spanish utility company Iberdrola SA. It also demonstrates the in country momentum building for Muga as the DFS is due to be completed in Q1 2015.