Shareholder approval will be sought to raise the funds through a share issue to unrelated third parties and a general offer to existing shareholders. The company is seeking a listing of its Timor Manganese Smelter business on the Catalist Board of the Singapore Exchange.
The first batch of holes at Havihua Ridge have returned nickel intersections of up to 2.29% nickel, providing confidence in defining the extent of saprolite nickel mineralisation. Phase 1 of the resource drilling program is due to be completed this week.
The first is with Mahatta Multimedia, a leading Indian content agency that operates online content platforms in India such as www.indiapicture.in and is also the representative of Shutterstock in India.
The discovery of a large subsurface aquifer could reduce capital costs for the Colluli Potash Project by eliminating the need for a 75 kilometre seawater delivery pipeline. The Definitive Feasibility Study is due for completion in the fourth quarter of 2015.
BBX expects mobilisation to commence within the next 2-3 weeks and drilling to commence immediately the rig is on site. While Juma East is greenfields, the area has historically had thousands of artisanal miners, highlighting known gold in the area.
The notes can be converted into AFA shares at 80% of the 30-day VWAP. ASF Group recently reached an agreement with the Queensland State Government on a multi-million-dollar integrated casino and resort development on the Gold Coast.
Mark Strizek, managing director for Vital Metals, speaks exclusively in Proactive Q&A Sessions™.
Strizek answers questions on his thoughts on how JOGMEC is progressing with the tender process.
By the close the Dow Jones had eased 12 points to 16,643. The S&P 500 added 0.1% to 1999, while the NASDAQ climbed 0.3% to 4828.
The ASX SPI 200 is up 12 points to 5246.
Proceeds from the placement of $500,000 worth of shortfall shares will be used to pay the Junefield convertible note and progress the company’s projects in South America. It is seeking investors to repay the balance of the shortfall.
Drilling at Maibele North in August has continued to intersect broad sulphide zones from within the current resource envelope and along strike to the east at Maibele North. This provides the potential to upgrade the resource to the higher confidence Indicated category.
Drilling has confirmed continuity of the new P66 jumbo flake graphite zone at the company’s Nicanda Hill Project. Further exploration and drilling will be carried out to define a Resource. Drilling is also progressing at the Ancuabe Project.
Strategic Elements is a uniquely structured company, and has now positioned itself as a "first-mover" into next generation technologies.
Charles Murphy, managing director of Strategic Elements, speaks exclusively in Proactive Q&A Sessions™.