U.S. stocks mostly slipped Friday in choppy trade, reversing premarket gains. West Texas Intermediate crude fell 1.6% while gold is down 0.6%. The ASX SPI 200 is down 12 to 5,434.
Positive sentiment following the European Central Bank’s decision to buy 60 billion euros of bonds per month sent the ASX200 up 1.5% to 5,501.8 points.
This Fraser Range-focused nickel explorer has built up its interest in the highly prospective region.
In its December quarterly, Axiom Mining extended high grade nickel intersections at its Isabel Project. Drilling at the West Guadalcanal Project has intersected gold and silver. Further drilling is underway.
Improved Australian gold prices and reduced fuel costs have increased the free cash flow forecast for the Batangas Gold Project by 50% to A$45 million. IRR is now 65% while NPV is $28.5 million. The company is moving to complete the Definitive Feasibility Study, final mine permitting and additional resource/reserve delineation.
Oil and gas stocks are amongst the biggest gainers on the ASX today with the All Ords rising 0.4% to 5,390.5 points ahead of the European Central Bank meeting tonight.
Perth broker Hartleys placed a Speculative Buy and $0.21 price target on Anatolia Energy following strong results from metallurgical test work on its Temrezli uranium deposit. Shares in the company are currently trading at $0.075.
With a thick zone of massive sulphide intersected by its first diamond hole at the Iron Blow deposit, Phoenix Copper is off to an excellent start. The zinc grades (and gold grades) encountered provide a glimpse of what lies beneath this under-explored tenement. There are also broad intercepts of gold mineralisation outside the massive sulphide zones.
Greenland Minerals and Energy’s managing director, John Mair, speaks exclusively to Proactive Investors about the change in Government in Greenland, and its Kvanefjeld uranium and rare earth project.
The U.S. patent adds to the intellectual property portfolio of Cellmid and protects the use of midkine as a treatment for heart failure which commonly follows non-fatal heart attacks. Shares in the company should trade higher on the news.
The Fortuna bauxite scoping study returned positive results for the 100% BRL owned project in the Darling Range of Western Australia, including low FOB operating cash costs and a mine life of 12 years after ramp up to 3Mtpa.
The Golder mining study shows that Castle Hill Stage 1 could deliver a cash surplus to the JV partners of A$185 million at current gold price of A$1,585 an ounce. Phoenix Gold is working to finalise the formal agreement with Norton Gold Fields.
Drilling has identified a new zone of porphyry gold-copper at the Kaiser Project in New South Wales' Central West region. This highlights the potential of the area to host significant mineralisation.