U.S. stocks surged Friday, but pared early morning gains sparked after ECB President Mario Draghi said the ECB will do what it must to lift inflation, while China's central bank announced a surprise interest rate cut. The ASX SPI 200 has jumped 52 points to 5360.
Andrew "Twiggy" Forrest scared off the iron ore bears today when he decided $2.75 was "just right" to buy $11 million worth of Fortescue shares, the company he founded. The stock even managed to close with a gain!
Geophysics has now identified new targets at Jervois which will be followed up with drilling. The project is already one of the highest grade copper open pit projects in Australia, with significant silver credits and lead / zinc potential.
New Talisman now has additional funds for its continued development of the Talisman Mine in New Zealand. Earlier in the month the delivered a major milestone with the first production of commercial gold from the historical mine site in over 30 years.
Blackham Resources' Golden Age deposit is a high grade quartz reef that has historically produced 160,000 ounces at 9g/t and has existing access via the Bulletin decline less than three kilometres from Blackham’s 100% owned Wiluna gold plant. The deposit was still being mined up until the plant closed in June 2013.
Pacific Niugini now owns 65% of the Halls Creek Project and is on the road to 80%. The company could pour the first gold from the Nicolsons mine in 2015, with total pre-production Capex estimated at just A$10.7 million.
With drilling commencing at the highly attractive Isabel Nickel Project, Axiom has mapped out a busy program in 2014 and 2015 with JORC resource definition and early DSO mining key targets.
Strategic Elements will use modern technology in its hunt for more high "bonanza" grade gold at Golden Blocks, which has historical results up to 5324.5g/t gold. The company has identified five targets to test.
The initial results from the Batangas Gold Project DFS provide a pathway to development for Red Mountain that would generate strong cash flows and rate of return from the outset based on a relatively modest capital expenditure. This should enable funding doors to open.
Cott Oil and Gas is focused on commercialising the Pandora Gas Field in PRL 38 offshore Papua New Guinea as a standalone floating liquefied natural gas export project. Michael O’Keeffe (ex-Riversdale Mining Chairman/ founder) holds a 8.7% stake.
Applabs has an investment in xTV, which is backed by giants such as Microsoft and UST Global. xTV and strategic equity partner Inno Valley are set to drive xTV channels into the world’s fastest growing market – China.
TZ Limited has lifted top line revenue guidance for the year to June 30, 2015 as contract wins and a strong forward business pipeline necessitated the increase. TZ is fast becoming a leader in SMArtDevice™ technology combining state-of-the-art SMAactuated intelligent fastening and locking devices with remote software control.