Proactiveinvestors Australia

ARTICLES

• Wednesday, December 11, 2013
  Australia’s S&P ASX200 down 0.77%, Holden to stop car production
  

  Consumer confidence took a hit after Holden said it would stop car production in 2017, sending the S&P ASX200 down 0.77% to 5,140.2 points. The Shanghai Stock Exchange Composite Index is down 1.38% to 2,206.55 points while in pre-open markets the Dow-mini is up 2 points to 15,980.

• Wednesday, December 11, 2013
  Gunson Resources in deal for Mount Gunson copper-cobalt-silver deposits
  

  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.

• Wednesday, December 11, 2013
  Phoenix Gold's infill drilling delivers width and grade at Red Dam
  

  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.

• Wednesday, December 11, 2013
  Manas Resources: Shambesai Gold Project receives Parliamentary support
  

  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.

• Wednesday, December 11, 2013
  Cellmid bags $2 million to advance new drugs and antibody program
  

  The placement of more than 66 million shares at $0.03 each allows Cellmid to commence investigational new drug enabling studies. It will also advance its therapeutic antibody program, which studies have already demonstrated efficacy in reducing cancer tumour growth and spread.

• Wednesday, December 11, 2013
  Peak Resources on track with PFS for Ngualla Rare Earth Project, Tanzania
  

  The PFS for Peak’s Ngualla Rare Earth Project in Tanzania will be released in the first quarter of 2014 and will include a revised economic assessment. This is likely to take into account rising prices for key high value rare earths including neodymium, praseodymium and europium that form the bulk of its projected revenue. A maiden Reserve estimate will follow shortly.

• Wednesday, December 11, 2013
  Gold soars 2.2% to $1,261.10 an ounce
  

  There was some lustre added back to gold overnight with yellow metal for February delivery soaring 2.2% as investors continued to speculate whether the Federal Reserve will begin tapering its bond-buying program as soon as this month. Silver and platinum were also big movers.

• Tuesday, December 10, 2013
  Syrah Resources pens Measured graphite resource at Balama West
  

  With consultants MSA Group saying that Balama graphite can be marketed, Syrah Resources has upgraded 90% of the Indicated Resource at the Ativa Zone of Balama West in Mozambique to the Measured category (11.6Mt at 19.9%TGC and 0.4% V2O5).

• Tuesday, December 10, 2013
  Triton Minerals intersects 156m of graphite at Balama North, Mozambique
  

  Diamond drilling and trenching at the Nicanda Hill Prospect of Triton Mineral’s Balama North Project in Mozambique has raised the likelihood that it is a continuation of graphitic mineralisation intersected at the Cobra Plains Prospect. This could extend the potential strike to 8 kilometres.

• Tuesday, December 10, 2013
  Kogi Iron ups iron ore resource and confidence at Agbaja, Nigeria
  

  Shares in Kogi Iron could open higher with the company increasing Resources at its Agbaja Iron Ore Project in Nigeria by 20% to 586Mt at 41.3% iron. It has also made its maiden Indicated Resource estimate of 466Mt at 41.4% iron.

• Monday, December 09, 2013
  Are ASX resources company valuations set to rise?
  

  With release of strong U.S. economic data showing a reinvigorated economy and China holding off the dragons, could ASX resources company valuations be set to rise?  Keep in mind that over the next two decades over 250 million Chinese will move into cities – roughly the equivalent of two Japans according to United Nations forecasts.

• Monday, December 09, 2013
  Manas Resources raises funds to progress Shambesai Gold Project
  

  Funds raised from the non-renounceable entitlement issue will be used for pre-development and development costs for the Shambesai Gold Project in the Kyrgyz Republic including detailed plant design, commencement of site works and project finance costs. Total LOM (C3) after capital and tax estimated to be US$676/ounce.