The submission of the Environmental & Social Impact Study and completion of test work drilling are key steps in the progress of Kibaran Resources’ Epanko graphite deposit in Tanzania. Shares in the company are expected to trade higher today.
Drilling at Aspire Mining’s Nuurstei Coking Coal Project has intersected near surface coal in multiple seam packages, supporting the goal of establishing an early start-up operation based on trucking coal before the railway is built. All exploration holes drilled to date have intersected coal.
U.S. stocks slid overnight as unrest in Hong Kong amid violent pro-democracy protests, and a lower-than-expected pending home sales report weighed on investors. Gold gained. The ASX SPI 200 is off 12 points to 5252.
Initial drilling has intersected visible gold with assays of up to 1 metre at 30.1g/t gold at White Cliff's Aucu discovery in the Kyrgyz Republic. This has confirmed high grade results from trenching and defined a new high grade mineralised zone from surface. Shares in the company are expected to rise.
Sampling of stockpiled ore from has returned very high grades of gold averaging 1.5 ounces per tonne, setting the foundation for commercial terms on processing ore from New Talisman Gold Mines’ Talisman gold mine in New Zealand.
There is much for Pura Vida Energy and investors to look forward to with a free carried deepwater drilling campaign targeting oil in the Mazagan permit offshore Morocco due to begin in January 2015. MD Damon Neaves will update investors in Melbourne on 14 Oct. and in Sydney on 15 Oct. Register today.
The Colluli Potash Project offers a large resource, proximity to coast, a unique mix of salts for higher value sulphate of potash as well as government support. South Boulder Mines is pursuing a modular approach that offers potential for scalable development of the project.
The strong gas readings across the Toolachee and Patchawarra Formations in Real Energy Corporation’s Tamarama-1 well in Queensland supports its belief that basin-centred gas exists in the two formations across its acreage. It has committed to drilling the follow-up Queenscliff-1 well.
Challenger Energy is focused on progressing its shale gas assets in South Africa’s Karoo Basin, one of the world’s largest unconventional gas provinces. MD Robert Willes will update investors in Melbourne on 14 October and in Sydney on 15 October. Register today.
Axiom Mining has won a significant victory over Sumitomo with the Solomon Islands High Court upholding its land and exploration rights over the Isabel Nickel Project and dismissing Sumitomo’s claims. Axiom will look to start a direct shipping ore operation within the next 12 to 18 months. Axiom shares are expected to climb.
Condor Blanco Mines has dialled into Ecuador after executing a binding Heads of Agreement with an Australian unlisted public company, Rio Perdido Gold Limited. The company entered the agreement with a view to forming a joint venture over part of the Sabaleta Gold Project.
The $3.7 million tax refund adds to the recently raised $6.3 million and existing cash of $2.5 million, which Regeneus will use to progress its product pipeline. The company expects to receive further reimbursement for funds in its R&D programs during financial year 2015.