Listing on the NYSE-MKT, Peninsula will gain access to the world’s largest capital market and fund managers and increased liquidity. This should see an increase in the company’s market valuation as it draws closer to starting uranium production at its Lance In-Situ Recovery Projects in Wyoming this year.
Drilling will test at least seven high value targets selected by Newexco. Any of these targets could deliver a major discovery, confirming the potential of the East Laverton Project as a large scale nickel sulphide camp.
Completion of the DFS and mine permitting are the key near-term milestones for the company on the path to potentially transitioning the Batangas project into a cashflow generating producer.
U.S. stocks tanked overnight as a sharp increase in the U.S. dollar sent investors into havens such as Treasury bonds. Gold and oil are lower.
The ASX SPI 200 is off 30 points to 5748.
A completed BFS confirmed the world-class scale of the Citronen project, which aims to tap into the looming zinc shortage caused by major zinc mine closures. Greenland has a zinc mining history and is supportive of mining.
Exploration in the third quarter will include drilling up to 6 high priority targets to intersect nickel sulphide mineralisation. Segue has one of the largest exploration tenement packages in the Fraser Range.
Drilling has identified a number of extensions that could expand the free milling open pit mining inventory at the Matilda Gold Project, increasing its mine life beyond the current 4 years. An updated Matilda Mine JORC resource is expected soon.
The rights issue further ensures the company is funded to complete the Definitive Feasibility Study for its Colluli potash project. South Boulder Mines will now place the shortfall with its underwriters to raise an additional $1,515,957.
Panda Hill is one of the most viable undeveloped niobium projects world-wide. Currently there are only three niobium mines operating globally, with production generating in excess of $1B in operating profits per annum.
Prima BioMed has been the talk of the town with its share price gains and funding for the IMP321 treatment for cancer. Register today for Proactive's Sydney, Melbourne Investor Luncheons in June to hear more.
The key Feasibility Study for Kvanefjeld rare earth-uranium project renders it as one of the world’s lowest cost rare earth producers and places it in the bottom quartile of uranium production costs.
The latest assays continue the brace of strong drill results from the Isabel Project. The project is shaping as one of the largest nickel laterite deposits in the Pacific, with the company targeting the establishment of a DSO operation by late 2015.