Proactiveinvestors Australia

ARTICLES

• Friday, May 17, 2013
  ASX 200 closes up led by big miners, but retailers and dollar crumble
  

  Australian shares snapped a two day losing streak to close higher spurred by gains in mining and energy stocks. But overall the ASX 200 ended the week in the red for the first time in four weeks. Shanghai Composite was up 1.51% at 2,285.84 and Hang Seng was up 0.17% at 23,082.68. 

• Friday, May 17, 2013
  Ikwezi Mining upgrades Ntendeka Colliery resources by over 33%
  

  A JORC compliant resource upgrade to 294 million tonnes at the Ntendeka Colliery in South Africa will potentially add to Ikwezi Mining's value upside as it is on the threshold of becoming a coal producer in the September quarter of this year. 

• Friday, May 17, 2013
  Range Resources targets Trinidad oil production growth
  

  With the completion of well in one of the thickest Lower Forest pay sections encountered to date, drilling of new wells and workovers of existing wells, Range Resources is making strides in ramping up oil production from its Trinidad operations.

• Friday, May 17, 2013
  Highfield Resources banks $5.1M from EMR Capital for potash projects
  

  The $5.1 million received is part of a planned $10 million investment by Owen Hegarty's EMR Capital in Highfield Resources to develop its advanced potash projects in Spain.

• Thursday, May 16, 2013
  Black Mountain Resources accesses high grade silver zone at New Departure Project
  

  Having made inroads to access the eastern area of the high grade silver Bonanza Zone at the New Departure project in Montana, Black Mountain is on the cusp of first cash generative silver production.  

• Wednesday, May 15, 2013
  Empire Oil and Gas highlights Perth Basin unconventional oil and gas potential
  

  An Independent Report by RPS Energy Services has defined the strong in-place potential for multiple billion barrels of oil and trillion cubic feet of gas to be contained within the various unconventional reservoirs in Empire Oil and Gas’ onshore Perth Basin Permits.

• Wednesday, May 15, 2013
  Cougar Energy starts JORC drilling at Mackenzie coal project
  

  Cougar Energy has started the Phase 1 drilling program at its Mackenzie PCI grade coal tenement that will unlock the value of the asset by helping define a maiden JORC Resource.

• Wednesday, May 15, 2013
  Shree Minerals clinches offtake and funding for Nelson Bay River iron ore
  

  Besides securing offtake for iron ore produced at Nelson Bay River Iron Ore DSO Project, the agreement with Singapore’s Frost Global also provides Shree Minerals with a US$4 million advance to progress development of the project, which has low forecast OPEX of $58 per tonne for DSO product FOB Port Burnie.

• Wednesday, May 15, 2013
  Elk Petroleum starts water injection at Grieve oil field
  

  The start of water injection at Elk Petroleum’s Grieve Enhanced Oil Recovery Project in Wyoming has the potential to achieve first oil earlier than expected by accelerating the re-pressurising of the Grieve Muddy oil reservoir.

• Wednesday, May 15, 2013
  Red Mountain Mining raising up to $2.8M to fund Batangas gold drilling
  

  Drilling of high grade gold targets is the primary objective for Red Mountain Mining’s $2.8 million partially and conditionally underwritten pro-rata, renounceable rights issue. This is expected to lead to a resource upgrade and positive Scoping Study.

• Tuesday, May 14, 2013
  Vantage Goldfields in $2M fund raising to International Aviation Logistics
  

  With a capital raising under the belt, Vantage Goldfields is taking rapid strides in expanding its Lily and Taylors gold mines in South Africa. Its combined operations are expected to produce 30,000 ounces in 2013, and expanding to 45,000 ounces next year. 

• Tuesday, May 14, 2013
  South Boulder Mines signs milestone JV for Colluli Potash Project
  

  The signing of a binding term sheet agreement with the Eritrean National Mining Corporation provides South Boulder Mines with certainty as to the economic and fiscal basis under which the Colluli Potash Project can be developed, which will assist its talks with potential investors.