Processing ore from Orinoco’s Brazilian projects could potentially provide Cleveland Mining access to another source of high-grade gold mineralisation to generate further cash flow without altering the Mine Plan for its Premier Gold Mine.
Funds raised from the institutional equity placement will be used to finalise the Feasibility Study for the Balama graphite project in Mozambique, pre-order long lead items and carry out early stage development work.
U.S. stocks fell to one-month lows on Thursday as investors remain concerned about the Fed's tapering timeline, which now appears to be sooner rather than later, following improving U.S. economic data. Speculation is mounting the Fed could cut stimulus as soon as next week. Gold fell sharply. The ASX SPI 200 is off 18 points to 5039.
Thundelarra is set to ramp-up exploration adjacent to Sandfire Resources' DeGrussa deposit in Western Australia, following a placement. The placement was made to Philip Crabb, a director of the company, which shows a major vote of confidence in its operations.
With testing confirming that the Coal Plus technology is suitable for converting Mongolian brown coal into higher value products, Jatenergy is set to immediately commence its investment strategy with Monrospromugoli, which could result in a US$2 million upfront technology payment and ongoing annual royalties of US$1.76 million.
Evidence from the first drill hole targeting the Jerambah Prospect of Arc Exploration’s Trenggalek Project in East Java indicates that the extensive hydrothermal alteration and pyrite mineralisation it intersected is on the margins of the anticipated copper-gold system.
The mobile processing plant will allow Condor Blanco Mines to process an initial 5,000 tonnes of ore per month from its Marianas Iron Tailings Project. The high grade concentrate of up to 65-75% iron will be stockpiled for sale to generate short-term cash flow. Marianas is favourably located to key infrastructure.
The Devil’s Elbow prospect at the West Arnhem has high grade surface uranium assays of up to 5.8% U3O8 along with gold and palladium potential. This is also located close to the worked out Nabarlek Uranium Mine that produced 12,000 tonnes of uranium oxide.
The acquisition of the established manufacturing site in Western Australia from Genzyme Australasia gives Admedus the infrastructure to scale up production of its lead regenerative tissue product CardioCel® to meet future demand growth. It also includes facilities to support the development and commercial manufacture of additional regenerative tissue products.
Terrace Mining has 12 months to complete studies required to establish viability of a copper-cobalt-silver extraction process over the MG14 and Windabout Copper-Cobalt-Silver deposits. It will then have the right to earn a 51% interest by completing a Bankable Feasibility Study and/or incurring project expenditure of $2.5 million.
Red Dam is an important part of Phoenix's future gold production strategy, with the deposit forming part of the DFS to provide complementary higher grade feed to support the base load stock work at the Castle Hill project. The increase in Red Dam's resource included an upgrade to the Indicated category, allowing for Reserve estimation.
The Kyrgyz Republic’s Energy and Minerals Parliamentary Committee has recommended the full development of the Shambesai Gold Project. This is expected to assist with securing finance. Manas Resources is also preparing to submit the environmental impact assessment. The project's total LOM (C3) after capital and tax estimated to be US$676/ounce.