With no appeal lodged against Federal environmental approval for the Wiluna Uranium Mine, Toro Energy is now free to focus on completing all technical and commercial studies required to support an investment decision for the project continuing to seek a strategic partner support for the development capital needed.
U.S. stocks climbed overnight but finished the trading day well down from their peaks, with the Dow reaching 15,262 intra-day, before a late sell-off - as investors prepare for comments from Fed chairman Bernanke on Wednesday. In the pre-open markets, the Dow-mini is up 133 points to 15,121, while the ASX SPI 200 has added 11 points to 4840.
Encouraging coal quality data from first phase drilling at Ascot Resources’ Titiribi Coal project has led RFC Ambrian to place a Speculative Buy recommendation on the company with expectations that the coal would be in demand in Brazil and Peru.
With the Pre-Feasibility Study for the Kitumba base metals project on track for end July 2013 and continued high grade copper intersections from infill drilling with assays due in August 2013, Blackthorn Resources is making good progress on the project.
Having secured A$10M in investment facility from Baycrest Capital, Cleveland Mining has bolstered its balance sheet that gives it the financing flexibility to progress its Brazilian gold and iron ore portfolio.
Signing the Port Services Agreement with the Bunbury Port Authority places MZI Resources another step closer towards bringing its Keysbrook mineral sands project into production. The company is now working towards finalising finance arrangements.
Statoil’s move to take up operatorship and a larger stake of the Southern Georgina Basin tenements demonstrates its belief in the prospectivity of the play sends a strong message. Baraka Energy & Resources also believes that it will be amendable to a concurrent conventional oil and gas campaign being carried out.
Hastings Rare Metals wholly-owns the largest heavy rare earth project in Australia, with the company's technical director Steve Mackowski teaming up to write a technical paper titled, “Hastings Project Process Development – Past and Present” with the REO research team from the Australian Nuclear Science and Technology Organisation. The report can be accessed here.
Latest drilling results from Acacia East demonstrate elements required to define world class IOCG deposit at Apollo Minerals’ Titan Base-Precious Metals Project, taking it a step closer towards delineating a significant resource.
With excess capacity and a pressure oxidation circuit, Aphrodite Gold’s planned oxide and refractory gold plant will be capable of processing third party ore in addition to ore from the company’s self-named gold project in the Kalgoorlie region.
Phoenix Gold is set to receive net cash flows of over A$3 million in the near term, as the non-core Blue Funnel gold asset is monetised using toll milling at FMR’s Greenfield's Mill - with ore processing scheduled for August. The company now has two cash-flow generating assets, while having over $20 million in cash at the end of March 2013.
Noosa will play host to the third annual Noosa Mining and Exploration Conference in July, bringing together 38 Australian Stock Exchange listed resources companies and a swag of investors. Among the key note speakers, is well known mining identity Owen Hegarty - adding colour from the dais. The conference is on Thursday 18th and Friday 19th July.
"Blackthorn Resources' Kitumba base metals project is making strides with continued high grade copper intersections from infill drilling and a PFS study on track for end July 2013. Cash flow from its Perkoa zinc project is expected to be cash flow positive Q4, 2013 ."
"The seven year contract MZI Resources struck with Bunbury Port Authority in Western Australia covers the export of both Leucoxene and Zircon, provides sufficient capacity to export all products that will be produced from its Keysbrook mineral sands project."
"Apollo Minerals continues to work its way towards delineating a significant resource at its Titan Base-Precious Metals Project with the latest drilling demonstrating the elements required to define world class IOCG deposit."