The Australian equity market followed the leads from Wall Street lower at the open, but by the close the ASX All Ordinaries had added 0.1% to 5613.
The agreements with fertilizer traders for 100% of first phase production demonstrates the strong project economics and attractiveness of the Muga product, underpinned by location, infrastructure and cost advantages, as well as de-risk the road to path to production at Muga.
The infill drilling program is fully funded by the recent strongly supported $8.9 million capital raising. The drilling will see Red River leveraged to exploration success for an in-demand commodity being zinc.
The move into Queensland adds to Lithium Australia’s expanding project suite and technological alliances over 2016 with private and government stakeholders. The broadened nationwide search will de-risk the company’s lithium portfolio.
Drilling will further test known spodumene-bearing pegmatites at Mavis Lake and Raleigh, and is on-track for September 2016.
The expert team of advisors and consultants will critique the Protean WEC technology prior to embarking on the next stages of commercialisation.
Axiom is nearing completion of a Pre-feasibility study on the Isabel Nickel Project, covering both the San Jorge and Kolosori deposits.
Real Estate Investar is operating in a market that generates an estimated $1.6 to $2.2 billion in fees from 2.2 million current Australian and New Zealand property investors.
The ramp up at Challenger is progressing well as WPG continues to show that it is a company focused on generating cash flow.
Impact ongoing reverse circulation and diamond drill program at the wholly-owned Commonwealth Project is to be extended by 1000 metres to follow up encouraging results from the Silica Hill, Walls and Commonwealth Prospects.
The remaining drill results for 69 holes are expected to arrive during the remainder of July and through August keeping the company leveraged to further exploration success.
The second hole from the reverse circulation updip program continues to show the strong potential Namdini has to host a multi-million ounce gold resource. An Exploration Target is on track to be delivered this quarter.