Energy stocks have pulled the ASX200 up to a modest 0.1% gain to 5,552.8 points as oil prices climbed.
While the market struggled, these companies managed gains of 10% of more.
Sales of 13,575 sleep apnea devices in the December quarter 2014 represent a growth of over 21.8% compared to the same quarter the previous year. This has also contributed to a 18% increase in first half FY15 revenue to $14.8M. SomnoMed has confirmed forecast revenues of $32.5M for the current financial year.
The Aluketiya graphite project is on track to start production in the September quarter 2015. Drilling has returned assays of up to 99.3%TGC. MRL Corporation will commence a new drilling program within days to establish further graphite mineralisation.
Low cash operating costs of A$1,116oz have allowed Alkane's Tomingley Gold Operations to deliver a comfortable profit margin of circa A$310oz. The project generated revenue of $23.5M at an average price of A$1,426oz. The company has also lodged a new mining lease application for the Dubbo Zirconia Project.
The CE approval is a key milestone for Redflow, as it is a requirement for sales in Europe. Minimal changes to make its zinc-bromide batteries CE compliant have been made and rolled out to production immediately. Shares in the company are expected to trade higher.
The first stage Erdenet to Ovoot Rail Bankable Feasibility Study with CRCC is a step forward for Aspire Mining. It will place the company in a better position to negotiate a Concession Agreement with the Mongolian Government and advance funding discussions.
Works will begin at the Nicolsons Mine in the ensuing weeks. This follows Pacific Niugini receiving the Department of Minerals and Petroleum’s approval of its Project Management Plan. The company is targeting positive cash flow 6 months from commencement.
The Pre-Feasibility Study for the Colluli Potash Project is expected to be completed in February 2015. South Boulder is focused on completing the Definitive Feasibility Study and will also study potential economic upside associated with the other materials within the resource.
Dundee Capital has maintained its buy recommendation with speculative risk and a price target of $0.25 for Anatolia Energy. It noted that the appointment of Tom Young as its chief operating officer eases concerns about the lack of uranium experience in Turkey. Shares in the company are currently trading at $0.08.
The ruling by the ASLB reflects the findings of the stringent licensing process implemented by numerous Wyoming State and US Federal agencies, providing a platform for construction advancing on schedule to be in production this year.
Triton has entered into a binding agreement with the Hong Kong based Long State Investments to provide a funding facility for up to A$20 million. Triton's Nicanda Hill deposit has been confirmed as the world’s largest known combined graphite-vanadium deposit.
Banking its first royalty cheque from the Marampa Iron Ore Mine propels Cape Lambert into a different league of ASX companies as an income producing entity. The company is poised to receive hefty "annuity" style revenue streams of up to $12 million this year and up to US$56 million over four years.