Banking stocks have led the ASX200 up 0.8% to 5,334.1 points. The Shanghai Stock Exchange Composite Index is up 0.26% to 2,363.87 points while in pre-open markets the Dow Mini is down 6 points to 16,959. What stock rose 12.5% on high volumes?
Co-branding with iTextiles is expected to deliver increased sales of Alexium’s fire retardant products. The two companies will market their joint products to the workwear market that is worth over $500 million in Europe.
The submission of the Rehabilitation Plan for Carbon Energy’s Bloodwood Creek UCG pilot plant marks a pivotal step towards bringing its Blue Gum Gas Project into production by 2017. The project has Queensland’s fifth largest 2P Gas Reserves of 1,128 petajoules.
Confirmation of 75 metres of net oil pay indicates that Sun Resource’s Jack Howe-1 well could be a commercial success. This is an early indicator to a resurgence in the company and points to a potential bright future. Shares are expected to open higher today.
The submission of the Environmental & Social Impact Study and completion of test work drilling are key steps in the progress of Kibaran Resources’ Epanko graphite deposit in Tanzania. Shares in the company are expected to trade higher today.
Drilling at Aspire Mining’s Nuurstei Coking Coal Project has intersected near surface coal in multiple seam packages, supporting the goal of establishing an early start-up operation based on trucking coal before the railway is built. All exploration holes drilled to date have intersected coal.
Initial drilling has intersected visible gold with assays of up to 1 metre at 30.1g/t gold at White Cliff's Aucu discovery in the Kyrgyz Republic. This has confirmed high grade results from trenching and defined a new high grade mineralised zone from surface. Shares in the company are expected to rise.
Sampling of stockpiled ore from has returned very high grades of gold averaging 1.5 ounces per tonne, setting the foundation for commercial terms on processing ore from New Talisman Gold Mines’ Talisman gold mine in New Zealand.
There is much for Pura Vida Energy and investors to look forward to with a free carried deepwater drilling campaign targeting oil in the Mazagan permit offshore Morocco due to begin in January 2015. MD Damon Neaves will update investors in Melbourne on 14 Oct. and in Sydney on 15 Oct. Register today.
The Colluli Potash Project offers a large resource, proximity to coast, a unique mix of salts for higher value sulphate of potash as well as government support. South Boulder Mines is pursuing a modular approach that offers potential for scalable development of the project.
The strong gas readings across the Toolachee and Patchawarra Formations in Real Energy Corporation’s Tamarama-1 well in Queensland supports its belief that basin-centred gas exists in the two formations across its acreage. It has committed to drilling the follow-up Queenscliff-1 well.
Challenger Energy is focused on progressing its shale gas assets in South Africa’s Karoo Basin, one of the world’s largest unconventional gas provinces. MD Robert Willes will update investors in Melbourne on 14 October and in Sydney on 15 October. Register today.