Miners have pulled the All Ords up 0.1% to 5,534 points. The Shanghai Stock Exchange Composite Index is up 0.95% to 2,074.01 points while in pre-open markets the Dow-mini is up 27 points to 17,051.73 points.
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.
High grade silver samples of up to 422 ounces per tonne continue to support delivering high grade silver ounces for production at Black Mountain Resources’ New Departure Silver Mine in Montana.
The launch of Warrior Payments, an all-in-one payments, analytics, affiliate marketing and distribution platform, offers an alternative to other payment platforms. Notably it also leverages Freelancer’s internet marketing forum Warrior Forum, which has a network of over 780,000 internet marketers. We expect shares to move higher.
Work is now underway to advance Yellow Rock Resources’ Gabanintha high grade vanadium project in Western Australia following the completion of the third and final tranche of its rights issue shortfall, bringing the total raised to $3.36 million.
KGL Resources' shares are set to jump after delivering more high-grade broad zones of copper from the Jervios project. These included 13 metres at 5.75% copper. Bellbird is looking amenable to open pit mining. A resource upgrade is expected in August with a PFS in September.
The impressive results keep coming for Kibaran with the best ever graphite intersection at the Epanko deposit. There could be more to come with mineralisation open at depth and in all directions. More assays are expected next week. A resource upgrade to Indicated/Measured is underway. Shares should open higher.
Poseidon is not wasting any time moving towards a re-start of the Black Swan concentrator and mine, with contracts let for pre-start engineering activities. The work is expected to be completed by the end of the month.
The latest results from Deflector Gold and Copper Project indicate the mineralised structure extends beyond and below the current resource margins with additional geological interpretation and drilling required prior to any new resource estimation work.
From first pass exploration at the Montepuez project, Metals of Africa has discovered numerous occurrences of surface graphite outcropping on its 100% owned project, identifying a large area of greater than 10km in strike length believed to be prospective for graphite bearing lithologies.
The intercept of 8m at 4.92% copper, 1.54% lead, 0.75% zinc, 240.5g/t silver, 0.14g/t gold from drill hole JOC062 at less than 10 metres below surface in an area not drilled before is indicative of potential at Jervois. With literally thousands of results still to be received from drilling, strong news flow is ahead.
Triton's $8.5M placement has attracted new Australian and International investors, with the funds to advance drilling at the Nicanda Hill prospect, along with metallurgical and other work. The company is to acquire the remaining 40% interest in all of its Mozambique graphite projects.