Proactiveinvestors Australia

ARTICLES

• Friday, December 13, 2013
  MacPhersons Resources: Offers silver exposure at comfortable margin, broker
  

  Western Australia-based broker Argonaut Equity Research has placed a Speculative Buy recommendation on MacPhersons Resources with a price target of $0.34 noting that its Nimbus Silver-Zinc-Gold Project offered significant exposure to silver at a comfortable margin to depressed spot silver prices.

• Friday, December 13, 2013
  Cleveland Mining has cash flow options, gold toll treatment agreement
  

  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.

• Friday, December 13, 2013
  Syrah Resources raises $35M to progress Balama graphite project
  

  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.

• Friday, December 13, 2013
  Dow down on Fed tapering uncertainty, improving U.S. economic data
  

  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.

• Thursday, December 12, 2013
  Thundelarra's chairman shows confidence with $500,000 placement
  

  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.

• Thursday, December 12, 2013
  Jatenergy tests convert Mongolian brown coal to semi-coking coal
  

  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.

• Thursday, December 12, 2013
  Arc Exploration intersects porphyry copper-gold at Trenggalek, East Java
  

  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.

• Thursday, December 12, 2013
  Condor Blanco Mines fast tracks Marianas iron project, adds mobile plant
  

  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.

• Thursday, December 12, 2013
  Eclipse Metals highlights high grade uranium potential, Northern Territory
  

  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.

• Thursday, December 12, 2013
  Admedus acquires WA manufacturing site for CardioCel®
  

  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.

• 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.