The company has raised $200,000 through a fully subscribed placement and is offering shareholders up to $750,000 worth of shares priced at $0.03 each. Strategic Elements is working to secure projects in Western Australia under its frontier exploration collaboration with respected geologist Dr Franco Pirajno that could have an intriguing path.
Contract terms and conditions for the Magnolia LNG engineering, procurement, construction and commissioning contract have been agreed with KBR and SKEC joint venture. Liquefied Natural Gas Limited has also selected Clough to provide owner’s engineer services.
Trenching has returned up to 3 metres at 24.2 grams per tonne gold, extending the main South West Breccia lode by up to 50 metres. This has the potential to add to the early mining zone at the Batangas Project.
Opportunities have been identified to further improved project economics for Vital Metals Watershed Tungsten Project. The company has also secured a new tungsten permit in Germany.
Wall Street was higher near the close of regular trading on Friday as healthcare and technology stocks rebounded, and as data pointed to a pick-up in economic activity. The ASX SPI 200 is up 34 points to 5833.
The Etango Heap Leach Demonstration Plant will showcase and de-risk the Etango Uranium Project, one of the largest undeveloped uranium deposits globally. Register today for Proactive's Melbourne, Sydney Investor Luncheons in May to hear more.
Evolution Mining is investing up to $9 million in Phoenix Gold through a subscription of 105.9 million shares at a 18% premium. Proceeds will enable an accelerated exploration program on Phoenix Gold’s Zuleika shear projects.
The Isabel Nickel Project is considered to be one of the largest nickel laterite deposits in the Pacific with the company targeting the establishment of a DSO operation by late 2015. Axiom is now in funding and development discussions.
By-products from the Muga operations could provide another substantial opportunity for Highfield Resources, by generating additional product, and therefore revenues and EBITDA. There is also the potential of financing via an offtake contract for the vacuum salt.
The issue of the Notice of Schedule for Environmental Review signals that FERC has the information necessary on the critical elements of the Magnolia LNG project for it to complete and issue the final environmental impact statement, now anticipated on 16th November 2015.
Mining operations at the Matilda Gold Project could start in the first quarter of 2016 with gold pour in the following quarter. Contractor rates have been reduced from previous rates and will be used in the Pre-Feasibility Study.
KGL Resources is set to deliver a boost in news flow now that an 11,000 metre drilling program has wrapped up at Jervois. A resource upgrade is expected in July 2015. Simon Milroy, managing director, speaks exclusively to Proactive Investors.