There weren't too many happy smiles on the ASX today as the market lost 1.5% after a sell off on Wall Street.
But who identified new high priority targets in the Fraser Range?
Pioneer Resources managing director, David Crook, outlined the company's highly prospective drilling program in the Fraser Range to investors this week in Melbourne and Sydney.
Read the latest presentation now.
Drilling has started at Yellow Rock Resource’s Gabanintha Vanadium Project that will lead to an updated Resource estimate.
Gabanintha is one of the highest grade V2O5 deposits in the world with a JORC Indicated and Inferred Resource of 125.8Mt at 0.7% V2O5, 8.64% TiO2 and 32.60% iron.
The large-scale gravity survey has identified new high priority exploration targets at Segue Resources’ Plumridge Nickel Project. The full survey is expected to be completed in a few weeks with final modelling and interpretation to follow.
Gas shows from the Lofin-2 appraisal well point to a potentially significant gas column in the large Lofin structure. A second core is now being cut to provide important rock data. Wireline logging and planned production testing will be required to determine the fluid content and reservoir quality of the Manusela Formation.
P8N Mine is the largest operating underground coal mine in the state of Oklahoma which produces around 400,000 tonnes of coal per year that is sold under long-term contract to a local utility. Recently, Pacific American Coal acquired a 30% stake in Georges Colliers Inc (GCI) owner of the P8N mine. This can increase this to 80%.
The grant of the San Jorge prospecting licence almost doubles Axiom Mining’s exploration footprint in the southern Isabel province. It was extensively explored by previous explorers and offers the opportunity for parallel development to increase operational efficiencies for the proposed direct shipping of ore (DSO) operation.
Construction is progressing at Pacific Niugini’s 80%-owned Nicolsons Gold Project. With all-in-costs at A$850/oz against a gold price of A$1,514 it has very atttractive operating margins. The project remains on track to start production in the third quarter of 2015.
Bisan and its newly established Hong Kong subsidiary have executed a Service Agreement with Yehuda Shmaya Szender to contract his services for regenerated smartphone trading to commence. This could help fuel annualised sales of between US$24 million and US$48 million in professionally graded second hand brand smartphones for MyGeneration Smartphones.
The acquisition of Projectlinkr.com’s assets will further Freelancer’s growth in Spain and Latin America. It adds 140,000 Spanish speaking users and their skills and projects to the company’s freelancing and crowdsourcing business.
The resource estimates of 156,000 ounces at 4.2g/t gold for the Aucu deposit and 40,000 tonnes of copper for the Chanach deposit validate White Cliff Minerals focus on the project. Discovery cost was about $6 per ounce. Further drilling this year will target resource extensions for both deposits, which are open in all directions.
The EIA application continues the path to development of the Temrezli toward production in 2016. This year is pivotal with a significant work program in store for Anatolia. The Turkish government is understood to want at least 5 percent of its electricity generation to come from nuclear energy in under a decade.