With WPG Resources' Bob Duffin intent on fast tracking the Tarcoola gold project into production in South Australia in quick time, through conventional open pit operation with associated heap leach processing, it could be producing 20,000 ounces of gold per year.
The company’s net operating positive cash flow of $1.35 million for the first six months of 2014 is well above the $246,000 it made in the full year to 31 December 2013. The acquisition of Warrior Forum in April and the introduction of Warrior Payments should further expand its cash flow for the world's largest outsourcing marketplace.
Although still early days for MRL Corporation in Sri Lanka, the analytical results of 99.2% Total Carbon highlight the prospectivty of the area. With diamond drilling ongoing, near-term newsflow will continue.
With potential for development into a small scale coking coal operation, the initial 20 hole drilling program at Aspire Mining and Noble Group’s Nuurstei Coal Project will be closely watched.
U.S. GDP has grown 4% in the second quarter; despite this the Fed has offered a mxed view of the economy. Broadly, companies in the S&P 500 are on pace to grow their second-quarter earnings by 6.7% from last year. They are on track for sales growth of 3.5%.
By adding Kam Lung Investment Development Company as a strategic investor, South Boulder now have a Chinese partner to potentially secure an offtake agreement. South Boulder's shares are expected to climb today.
Drilling continues to deliver high grade copper with many more samples to be assayed while a resource upgrade expected in August with a PFS in September, giving plenty to discuss. KGL Resources managing director Simon Milroy will present at the Melbourne Investor Luncheon.
With overall sales of $7.8 million for the year ended 30 June 2014, up from $7.4 million in the previous year, and closing cash of $19.5 million, Admedus is in a strong position to progress the launch and marketing of CardioCel® in Europe and the U.S.
With gold production from Millennium Mineral's Nullagine Gold Project in Western Australia coming in at the upper end of its guidance and a restated Resource expected this quarter, managing director Brian Rear will have much to discuss with investors in Melbourne. Register today.
The shallow Muga Potash Project in Spain, which is a shallow sylvinite project in the south eastern section of the new Muga-Vipasca project area has emerged as the company’s target for initial mine. EMR Capital has a 26.4% interest in the company.
KGL Resources continues to deliver high grade results from its extensive drilling program at Jervois. The latest assays will further add to the forthcoming resource upgrade due late-August. A PFS will follow in September.
South Boulder has reinvigorated the Colluli Potash project with a ramp up of activity – particularly in the last quarter. This follows scoping work completed in late 2013 which considered processing all potassium bearing salts. The company's shares are expected to open firmer.