Financial stocks have pulled the ASX200 down 2.3% to 5,692.2. Find out which explorer’s tungsten project is benefitting from the depreciation of the Australian Dollar against the US Dollar as well as lower local costs.
The Ekhgoviin Chuluu Joint Venture of Aspire Mining and Noble Group have increased their stake in the project to 90%. Aspire has an option to acquire Noble’s 50% interest in the ECJV.
Reverse circulation drilling has intersected vanadium and titanium minerals 59 of the 63 holes, demonstrating the potential of Gabanintha Vanadium Project. Diamond drilling will drive an upgraded resource and pit optimisation/mining studies.
The resource estimate for the Meralani East graphite deposit of 17.2Mt at 6.5%TGC sees mineralisation open in all directions. The project supports a second graphite operation after the development of Epanko.
U.S. stocks tumbled, ending a two-day rally, as data stoked U.S. growth concerns and speculation increased that Greece won’t be able to resolve its debt crisis. Gold and oil gained. The ASX SPI 200 is off 49 points to 5755.
New institutional investors have subscribed for 13 million shares to raise A$8.45 million. Proceeds will further advance Alexium’s technology into the FR building materials market.
This drilling program and results from Oyut Ulaan will assist Xanadu in its search for the "engine room" to this large well mineralised porphyry district in the South Gobi.
The receipt of the Environmental Impact Assessment Certificate, the first to be issued in Tanzania since the 1990s, is a major milestone for Kibaran Resources. It is now preparing to submit its Mining Licence application, which is expected to be awarded by the end of June this year.
What is causing some of the excitement is that results to date place Cinovec as one of the largest hard-rock lithium deposits in the world. A technology that "disrupts" traditional production of lithium is rich in promise.
Reverse circulation drilling at the Windsor Prospect will test King River Copper’s new approach of targeting shallow IP prospects. Chairman Tony Barton has aligned himself to the company’s success, having more than doubled his shareholding in the company since the beginning of this year.
The company has raised $200,000 through a fully subscribed placement and is offering shareholders up to $750,000 worth of shares priced at $0.03 each. Strategic Elements is working to secure projects in Western Australia under its frontier exploration collaboration with respected geologist Dr Franco Pirajno that could have an intriguing path.
Contract terms and conditions for the Magnolia LNG engineering, procurement, construction and commissioning contract have been agreed with KBR and SKEC joint venture. Liquefied Natural Gas Limited has also selected Clough to provide owner’s engineer services.