Resource companies and defensive stocks underpinned gains on the ASX today with the S&P ASX200 rising 47 points, or 1%, to 4,861.4. The Shanghai Stock Exchange Composite Index is down 0.64% to 2,143.03 points while the Dow Mini is up 29 points to 15,318.23.
There are known to be big wraps on the Consuelo coking coal project in the premier producing Bowen Basin in Queensland, with interest received from Asian groups, located near Glencore Xstrata plc’s Rolleston mine. The project is located close to existing rail and port infrastructure.
Interpretation of all data over Stratum Metals’ East Menzies Goldfields Project that incorporates data from the HeliTEM survey has identified a number of potential massive sulphide conductors, the strongest of which have not been tested by recent drilling. It is this one that could generate some excitement.
With individual gold bearing quartz veins ranging from 5g/t to 13g/t gold over metre thick intersections, MacPhersons can incorporate Boorara into the Nimbus mill feed schedule - providing another step forward on the road to production. Drilling also identified large gold halo zones up to 68 metres thick averaging 1g/t gold.
Liberty Resources’ newly awarded EPC 1949 is located close to BHP, Rio Tinto and Peabody' existing open cut coal mines, deposits and infrastructure, offering good, low cost, commercialisation potential. An exploration drilling program is set to commence within the month.
The prize for finding a vaccine for herpes is vast, based on Prof Ian Frazer's work and success to date, this is within reach. Securing ethical approval to start the Phase 1 clinical trial for its Herpes Simplex Virus (HSV-2) vaccine will allow Allied Healthcare to confirm the ability of its treatment to prevent and cure the infection.
Profitable Australian Stock Exchange listed thermal coal producer, under the radar has four operating coal mines located along the Yangtze River looks ahead to a secondary listing on the Stock Exchange of Singapore. Proactive Investors goes one-on-one with Chairman of Blackgold International, James Tong.
U.S. closed near their session highs as investors are optimistic that the Federal Reserve chairman Ben Bernanke would ease concerns over the central bank's monetary stimulus program tomorrow. In the pre-open markets, the Dow-mini is 123 points higher at 15,244, while the ASX SPI 200 is up 35 points to 4855.
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 while continuing to seek a strategic partner support for the development capital needed.
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.
" There are known to be big wraps on the Consuelo coking coal project in the premier producing Bowen Basin in Queensland, with interest received from Asian groups. International Coal has cultivated strong ties in Asian markets."
"MacPhersons Resources has taken another step towards production with confirmation that ore from the Boorara deposit can be incorporated into theNimbus mill feed schedule after diamond drilling returned assays of up to 13g/t gold. "
"Stratum Metals is gearing up to carry out exploration over potential massive sulphide conductors identified at East Menzies, the strongest of which have not been tested by recent drilling."
"Liberty Resources newly awarded coal tenement in the Bowen Basin offers significant potential for value accretion with nearby operating mines, railand coal infrastructure offering good, low cost, commercialisation potential. "
"Allied Healthcare has a massive market within reach, the provision of a treatment for the Herpes Simplex Virus (HSV-2) that affects 1 in 6 Americans should the Phase 1 clinical trial for the vaccine developed by Professor Ian Frazer's Coridon group prove successful. "