http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Fri, 22 Sep 2017 03:43:58 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Kairos Minerals lifts cash to evaluate gold potential of Pilbara portfolio ]]> http://www.proactiveinvestors.com.au/companies/news/184091/kairos-minerals-lifts-cash-to-evaluate-gold-potential-of-pilbara-portfolio-184091.html Kairos Minerals Ltd (ASX:KAI) has completed a heavily oversubscribed share placement to raise $1.71 million at $0.019 to explore the gold potential of its Pilbara tenement portfolio.

The funds will be used to fast-track the recently commenced review of Kairos’ extensive West, Central and East Pilbara tenement portfolio for conglomerate-hosted gold potential.

The company’s field assessment is currently underway across this extensive package.

Kairos’ tenements adjoins the large ground position held by Novo Resources (CNXX:NVO), which has reported a conglomerate-hosted gold discovery at its JV project with Artemis Resources (ASX:ARV).

The Novo/Artemis discoveries, including a significant quantity of gold nuggets found at surface, are associated with a regionally extensive geological formation known as the Fortescue Group of rocks.

These new discoveries have resulted in a significant pegging rush in the area, with Novo and other companies securing tenements which traverse the Fortescue Group formation across the broader Pilbara region.

The initial results from Kairos’ initial site visit and review are expected shortly.

Incidentally, the funds will also be used to advance the next stage of gold exploration at Kairos’ Roe Hills Gold Project, which is located immediately south of the highly prospective Lake Roe gold discovery.

The Roe Hills Project is located 120 kilometres east of Kalgoorlie in Western Australia’s Eastern Goldfields and comprises an extensive tenement portfolio which is prospective for gold, nickel and cobalt discoveries.

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Mon, 18 Sep 2017 08:23:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184091/kairos-minerals-lifts-cash-to-evaluate-gold-potential-of-pilbara-portfolio-184091.html
<![CDATA[News - Kairos Minerals raising funds to fast-track lithium and gold review ]]> http://www.proactiveinvestors.com.au/companies/news/183880/kairos-minerals-raising-funds-to-fast-track-lithium-and-gold-review-183880.html Kairos Minerals Ltd (ASX:KAI) is preparing to reveal details of a capital raising, and the ASX has granted the company a trading halt to prepare.

Kairos is set to fast-track a geological review of its extensive West, Central and East Pilbara tenement portfolio, which it pegged last year for its lithium and gold exploration potential.

The halt will remain in place until the opening of trade on Friday 15th September 2017, or earlier if an announcement is made to the market.

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Wed, 13 Sep 2017 15:57:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183880/kairos-minerals-raising-funds-to-fast-track-lithium-and-gold-review-183880.html
<![CDATA[News - Kairos Minerals to reveal cobalt and gold drilling results ]]> http://www.proactiveinvestors.com.au/companies/news/181183/kairos-minerals-to-reveal-cobalt-and-gold-drilling-results-181183.html Kairos Minerals Ltd (ASX:KAI) is preparing to reveal the outcome from the company's current Roe Hills Cobalt and Gold drilling program, located in Western Australia.

The ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Monday 24th July 2017, or earlier if an announcement is made to the market.

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Thu, 20 Jul 2017 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181183/kairos-minerals-to-reveal-cobalt-and-gold-drilling-results-181183.html
<![CDATA[News - Kairos Minerals reveals cobalt potential of Roe Hills Project ]]> http://www.proactiveinvestors.com.au/companies/news/180775/kairos-minerals-reveals-cobalt-potential-of-roe-hills-project-180775.html Kairos Minerals Ltd (ASX:KAI) has intersected a significant zone of near-surface cobalt-nickel-manganese mineralisation at its Roe Hills Project in Western Australia’s Eastern Goldfields.

The intersections are over a continuous strike of at least 700 metres in length and up to 150 metres in width at the ROE- 1 prospect.

Kairos recently completed a 59-hole, 1,851-metre cobalt-focused aircore drilling programme.

The cobalt and manganese grades reported are exceptionally high compared to most other nickel-cobalt oxide deposits in Western Australia and globally.

Significant assay results include:

- 8 metres at 0.11% cobalt; 0.43% nickel and 0.40% manganese from 2 metres;
- 3 metres at 0.27% cobalt; 0.48% nickel and 1.93% manganese from 2m including; and
- 10 metres at 0.10% cobalt, 0.64% nickel and 0.59% manganese from 4 metres.

A follow-up programme of circa 2,000 metres of aircore drilling is planned later this year to test extensions of the ROE-1 cobalt prospect along with several other high-priority cobalt prospects.

Furthermore, a 34-hole, 2,800-metre gold-focused drilling programme to test a number of high-priority targets including Terra, Lady of the Lake and Ginger Kiss has now been completed with assays awaited.

Kairos’ share price closed 7% higher on Wednesday, at $0.015.

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Thu, 13 Jul 2017 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180775/kairos-minerals-reveals-cobalt-potential-of-roe-hills-project-180775.html
<![CDATA[News - Kairos Minerals to reveal cobalt and gold drilling results ]]> http://www.proactiveinvestors.com.au/companies/news/180573/kairos-minerals-to-reveal-cobalt-and-gold-drilling-results-180573.html Kairos Minerals (ASX:KAI) is preparing to reveal drilling results from the current Roe Hills Cobalt and Gold drilling program.

Historical results include: 14 metres at 0.39% cobalt from 20 metres.

More recent results include: 14 metres at 2.39g/t gold from 79 metres; and 54 metres at 0.52g/t gold from 4 metres.

The halt will remain in place until the opening of trade on Wednesday 12th July 2017, or earlier if an announcement is made to the market.

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Mon, 10 Jul 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180573/kairos-minerals-to-reveal-cobalt-and-gold-drilling-results-180573.html
<![CDATA[News - Kairos Minerals to lift cash position ]]> http://www.proactiveinvestors.com.au/companies/news/177338/kairos-minerals-to-lift-cash-position-177338.html Kairos Minerals (ASX:KAI) has been granted a trading halt by the ASX, pending details of a capital raising.

The halt will remain in place until the opening of trade on Tuesday 9th May 2017, or earlier if an announcement is made to the market.

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Fri, 05 May 2017 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177338/kairos-minerals-to-lift-cash-position-177338.html
<![CDATA[News - Kairos Minerals secures new project in emerging gold province ]]> http://www.proactiveinvestors.com.au/companies/news/176954/kairos-minerals-secures-new-project-in-emerging-gold-province-176954.html Kairos Minerals (ASX:KAI) has secured the Bronco Plains Project, located 30 kilometres east of its flagship Roe Hills Project within the Southern Kurnalpi Terrane of Western Australia.

The highly prospective Southern Kurnalpi Terrane is a rapidly emerging gold province in the Eastern Goldfields.

Interestingly, Breaker Resources (ASX:BRB) recently discovered the Lake Roe gold prospect, located 10 kilometres north of the Roe Hills Project.

The Bronco Plains Project was identified by Kairos’ technical team as part of the company’s ongoing regional evaluation.

The project consists of three exploration licenses totalling an area of 389 square kilometres.

Originally part of AngloGold’s East Tropicana portfolio, Bronco Plains has multiple strong gold-in-soil anomalies located towards the eastern margin of the Southern Kurnalpi Terrane and remains underexplored.

Soil geochemical surveys are currently in progress. The results of these surveys are to be used in combination with a full technical review of historical data to refine priority drill targets.

Bronco Plains represents an important addition to Kairos’ existing high quality exploration portfolio in the Southern Kurnalpi region.

However, the company’s primary focus remains on following up the outstanding results recently achieved at Roe Hills, including 14 metres at 2.39 g/t gold from 79 metres.

The next phase of drilling at Roe Hills is planned to commence in the coming weeks.

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Thu, 27 Apr 2017 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176954/kairos-minerals-secures-new-project-in-emerging-gold-province-176954.html
<![CDATA[News - Kairos Minerals reveals potential to expand Mt York gold ]]> http://www.proactiveinvestors.com.au/companies/news/172964/kairos-minerals-reveals-potential-to-expand-mt-york-gold-172964.html Kairos Minerals (ASX:KAI) has received positive results from its maiden diamond drilling program at the Mt York Gold-Lithium Project in the Pilbara region of Western Australia.

The results were from wide-spaced reconnaissance diamond drilling to test for gold mineralisation along strike below and down-plunge of the Main Hill and Breccia Hill gold deposits.

The drilling has confirmed the presence of multiple stacked lodes of gold mineralisation up to 200 metres below the known resources, demonstrating that the gold system is significantly larger than previously thought.

Three widely-spaced diamond holes returned gold assays, including:

- 7.16 metres at 1.67 g/t gold from 91.47 metres;

- 1.40 metres at 3.11 g/t gold from 220.48 metres; and

- 1.72 metres at 0.91 g/t gold from 103 metres.

This discovery highlights the potential to expand the JORC resource for the Mt. York Project currently totalling 5.7 million tonnes at 1.42 g/t gold for 258,000 ounces of contained gold.

The stacked lodes are open both up- and down-dip, and importantly remain untested near-surface within the immediate footwall to the historical open pits – providing an outstanding target for follow-up resource drilling.

Kairos has significant opportunities for resource expansion, with assays from the recent drilling awaited along with first-pass testing of several newly identified greenfields targets.

The company had a cash balance of circa $3 million as at 31 December 2016.

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Fri, 10 Feb 2017 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172964/kairos-minerals-reveals-potential-to-expand-mt-york-gold-172964.html
<![CDATA[News - Kairos Minerals Ltd discovers opportunity to expand gold resource ]]> http://www.proactiveinvestors.com.au/companies/news/168721/kairos-minerals-ltd-discovers-opportunity-to-expand-gold-resource-168721.html The soil sampling has returned grades of up to 13 g/t gold.

The project hosts four gold deposits – Old Faithful, Iron Stirrup, Main Hill and Breccia Hill - totalling 5.69 million tonnes grading 1.42 g/t gold for 258,000 ounces of gold.

The company’s maiden drilling program commenced at Mt York at the end of September and first assays are due by the end of this week.

Drilling is testing for extensions to the known deposits and to provide first pass evaluation of new anomalies in order to expand the company’s gold resources.

A total of 4,500 metres of diamond and reverse circulation drilling is on schedule for completion in 2016.

Phase 1 of the current program was designed to evaluate extensions to the Old Faithful and Iron Stirrup gold deposits, both at depth and along strike.

Phase 2 drilling will begin with 1,200 metres targeting the newly identified high-grade soil anomaly gold targets.

Drilling to test these new high priority targets identified by the soil sampling is to commence immediately.

Mt York is emerging as a significant Western Australian gold project with multiple resource expansion opportunities.

The company finished the September quarter with $4.1 million in cash.

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Wed, 09 Nov 2016 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168721/kairos-minerals-ltd-discovers-opportunity-to-expand-gold-resource-168721.html
<![CDATA[News - Kairos Minerals continues to advance Western Australia projects ]]> http://www.proactiveinvestors.com.au/companies/news/168180/kairos-minerals-continues-to-advance-western-australia-projects-168180.html The maiden drilling program at the Mt York Gold-Lithium Project in the Pilbara region of Western Australia commenced in late September.

Phase 1 of the current program is designed to evaluate extensions to the Old Faithful and Iron Stirrup gold deposits, both at depth and along strike.

Notably, the Mt York project already has total resources of 5.69 million tonnes at 1.42g/t gold for 258,000 contained ounces of gold.

The latest drilling has progressed well with four diamond holes totalling 1,178 metres completed to date at the Old Faithful Gold Deposit.

Each of the drill holes have encountered multiple zones of strong sulphide-bearing and quartz veined alteration, with assays pending.

Kairos has also received approval for the program of works for its 100%-owned Roe Hills Gold Project.

The project adjoins Breaker Resources NL’s (ASX:BRB) Lake Roe Gold Project in the Eastern Gold fields region, where a significant new virgin gold discovery has recently been confirmed.

An extensive gravity survey covering a 40 kilometre continuous package along the Aldiss fault was recently completed by Kairos, with initial results received.

The results are being interpreted by the company’s geophysical consultants, before finalising priority drill targets.

Drilling is scheduled to commence in early November.

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Fri, 28 Oct 2016 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168180/kairos-minerals-continues-to-advance-western-australia-projects-168180.html
<![CDATA[News - Kairos Minerals Ltd reveals gold potential of Mt York ]]> http://www.proactiveinvestors.com.au/companies/news/137618/kairos-minerals-ltd-reveals-gold-potential-of-mt-york-70153.html Kairos Minerals Ltd (ASX:KAI) has revealed a resource estimate of 135,000 gold ounces for the first of several historical open pits and deposit at the Mt York Lithium-Gold Project in Western Australia’s East Pilbara region.

The indicated and inferred resources for the Iron Stirrup and Old Faithful deposits comprises of 2.8 million tonnes at 1.53 g/t for 135,000 gold ounces, using a 0.5 g/t cut-of.

Interestingly, historic mining by the previous operator Lynas Gold at Iron Stirrup totalled 125,493 ounces of gold in the mid-1990s.

A low gold price and pit wall failure at Iron Stirrup resulted in Lynas Gold ceasing mining operations in 1998.

The updated JORC 2012 mineral resource has been estimated by Kairos as part of a geological review and reinterpretation of the extensive historical database for the project.

Further resource estimations are currently in progress for the high-grade gold lodes beneath the historical Main Hill and Breccia Hill open pit mines.

These will be completed over the coming days, resulting in a further increase in the Mt York gold inventory.

Additionally, Kairos plans to commence an initial 10-hole, 3000 metre drill program in August-September, once tenement applications are granted.

The key targets will include extensions to the known gold mineralisation in close proximity to the current base of the Iron Stirrup Pit to explore near-term pit expansion opportunities.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 01 Aug 2016 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137618/kairos-minerals-ltd-reveals-gold-potential-of-mt-york-70153.html
<![CDATA[News - Kairos Minerals Ltd discovers gold at depth in historic producing mine ]]> http://www.proactiveinvestors.com.au/companies/news/137617/kairos-minerals-ltd-discovers-gold-at-depth-in-historic-producing-mine-69313.html Kairos Minerals Ltd (ASX:KAI) is rapidly progressing exploration targeting two of the strongest performing commodities of the past year, within its Mt York Lithium-Gold Project, located 120 kilometres south-east of Port Hedland in Western Australia.

The geological review of historical data has identified extensions of the high-grade gold lodes beneath the historical Iron Stirrup Open Pit Mine.

This work is proceeding in parallel with the ongoing assessment of the lithium potential at Mt York, adjacent to Pilbara Minerals Ltd’s (ASX:PLS) world-class Pilgangoora Lithium-Tantalum Project.

Results from the exploration will form the basis of a JORC 2012 mineral resource estimate planned for completion in July 2016.

Historic mining at Iron Stirrup accounted for the bulk of production from the Lynas Find Project which, at the time of closure in April 1998, totalled 125,493 ounces of gold.

Significant historical intersections directly below the existing open pit included good gold grades and widths including: 30 metres at 3 g/t gold and 25 metres at 3.3 g/t gold.

The mineralisation occurs over a minimum strike extent of 300 metres, and remains open along strike and at depth.

A 2,000 sample soil programme is currently in progress to test both the lithium and gold potential of the broader project area.

A drilling program will kick off once statutory approvals are received.

The presence of significant high-grade gold intersections below the previously mined pit at Iron Stirrup and work underway underlines the word "kairos" which is Greek for "the opportune moment" or "opportunity."

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 20 Jun 2016 17:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137617/kairos-minerals-ltd-discovers-gold-at-depth-in-historic-producing-mine-69313.html
<![CDATA[News - Kairos Minerals Ltd in fund raiser for lithium and tantalum ]]> http://www.proactiveinvestors.com.au/companies/news/137616/kairos-minerals-ltd-in-fund-raiser-for-lithium-and-tantalum-69140.html Kairos Minerals Ltd (ASX:KAI) is raising funds to advance exploration at its Mt York Lithium-Gold Project in the Pilgangoora region of Western Australia.

Initial exploration results returned 2.22% lithium and 0.44% tantalum.

The ASX has granted Kairos a trading halt to finalise the capital raising.

The halt will remain in place until the opening of trade on Tuesday 14th June 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 09 Jun 2016 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137616/kairos-minerals-ltd-in-fund-raiser-for-lithium-and-tantalum-69140.html
<![CDATA[News - Kairos Minerals Ltd finds lithium in Pilgangoora region of WA ]]> http://www.proactiveinvestors.com.au/companies/news/137615/kairos-minerals-ltd-finds-lithium-in-pilgangoora-region-of-wa-69084.html Kairos Minerals Ltd’s (ASX:KAI) shares should rise after it received results from initial exploration at its Mt York Lithium-Gold Project in the red hot Pilgangoora region of Western Australia.

The best results returned 2.22% lithium (Li₂O) and 0.44% tantalum (Ta₂O₅) and which provide a good base for a deeper exploration program.

This will see mapping, rock chip and soil sampling activities to refine high priority targets in preparation for a drill program.

Promisingly, historical mapping and drilling confirmed the presence of both outcropping and subsurface pegmatites throughout the project area.

The project is situated in a lithium hotspot, near Pilbara Minerals Ltd’s (ASX:PLS) world-class Pilgangoora Lithium Tantalum Project, as well as the Altura Mining Ltd (ASX:AJM) lithium project.

The demand for lithium continues to grow, with the price of 99% pure lithium imported to China increasing 42% during the six months leading up to May.

Moreover, Goldman Sachs has forecasted that electric vehicles will take up 3.5% of the new car market by 2025, causing lithium demand to triple.

Along with lithium, Kairos is exploring for gold at the Mt York and Wodgina East projects in the Pilbara region.

The company is aiming to fund its exploration with a $1.35 million capital raising and pro-rata offer to existing holders of listed options at an issue price of $0.01 per new option.

The company had a cash balance of $889,000 as on 31 March 2016.

Kairos Minerals was earlier known as Mining Projects Group.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 07 Jun 2016 15:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137615/kairos-minerals-ltd-finds-lithium-in-pilgangoora-region-of-wa-69084.html
<![CDATA[News - Lithium and gold miner Kairos Minerals Ltd at the RRS conference ]]> http://www.proactiveinvestors.com.au/companies/news/137614/lithium-and-gold-miner-kairos-minerals-ltd-at-the-rrs-conference-68853.html Kairos Minerals Ltd (ASX:KAI) is a miner of lithium, a commodity with an exceptional outlook. The strong demand outlook for lithium is driven by the revolution in green energy storage and the use in electric cars, consumer electronics and home and industrial energy storage.

According to Goldman Sachs, demand for lithium is expected to triple as electric vehicles corner 3.5 per cent of the new car market by 2025.

Large new companies such as Tesla, Boston Power, Foxconn and BYD Electronics are expected to ramp up lithium demand. In addition, China is expected to be a major buyer under its 2020 New Energy Plan.

Kairos recently acquired the strategically located Mt. York Lithium-Gold Project and the Wodgina East Lithium-Tantalum Project in its drive to scale up lithium assets. These highly prospective assets in the emerging East Pilbara region, also known as Australia's "lithium hotspot," are expected to complement the company's existing portfolio of high-quality nickel and gold projects in Western Australia.

New project applications include the Strelley, Tabba Tabba, Wodgina North and Woodstock-Tambourah lithium projects.

The thrust into lithium also represents a strategic diversification of the company's commodity base, and it therefore changed to its current name from the earlier Mining Projects Group.

Kairos therefore boasts of a dominant lithium and gold portfolio established in Western Australia's premier Pilbara lithium province and spread over circa 700 square kilometres. Exploration is already underway at the Mount York and Wodgina East projects.

Maiden drilling is expected to commence in the third quarter of 2016. Shareholders can look forward to a period of strong pending news-floor as the company tests some of its priority targets identified at the Pilbara Project.

Shares in Kairos are currently trading 2.67 per cent higher at $0.077, up sharply from just $0.004 on March 18.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 26 May 2016 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137614/lithium-and-gold-miner-kairos-minerals-ltd-at-the-rrs-conference-68853.html
<![CDATA[News - Mining Projects Group Ltd is Thursday's ASX Most Traded with 127 million ]]> http://www.proactiveinvestors.com.au/companies/news/137613/mining-projects-group-ltd-is-thursdays-asx-most-traded-with-127-million-68082.html Thursday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume Mining Projects Group Ltd MPJ $0.007 -12.50% 127,805,975 Caeneus Minerals Ltd CAD $0.002 100% 117,714,500 Maximus Resources Ltd MXR $0.004 -20% 82,601,457 Mod Resources Ltd MOD $0.032 33.33% 74,384,816 XPED Ltd XPE $0.040 8.11% 59,759,359 Red Mountain Mining Ltd RMX $0.002 0% 43,845,312 Minquest Ltd MNQ $0.016 23.08% 35,654,286 Sayona Mining Ltd SYA $0.041 28.13% 31,383,418 Pacific Ore Ltd PSF $0.037 15.63% 29,380,900 Eden Energy Ltd EDE $0.230 35.29% 29,280,142

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 15 Apr 2016 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137613/mining-projects-group-ltd-is-thursdays-asx-most-traded-with-127-million-68082.html
<![CDATA[News - Mining Projects Group Ltd is Monday's ASX Most Traded with 284 million ]]> http://www.proactiveinvestors.com.au/companies/news/137612/mining-projects-group-ltd-is-mondays-asx-most-traded-with-284-million--68002.html Monday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume Mining Projects Group Ltd MPJ $0.008 14.29% 284,089,295 XPED Ltd XPE $0.034 13.33% 99,147,219 Link Administration Holdings Ltd LNK $7.610 2.56% 54,359,280 88 Energy Ltd 88E $0.049 8.89% 40,770,785 Galaxy Resources Ltd GXY $0.345 7.81% 32,785,668 Pioneer Resources Ltd PIO $0.015 25% 32,296,976 Hannans Reward Ltd HNR $0.014 40% 30,500,291 Red Mountain Mining Ltd RMX $0.002 100% 29,674,922 Victory Mines Ltd VIC $0.007 16.67% 27,603,888 Buddy Platform Ltd BUD $0.155 29.17% 24,522,636

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 12 Apr 2016 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137612/mining-projects-group-ltd-is-mondays-asx-most-traded-with-284-million--68002.html
<![CDATA[News - Mining Projects Group Ltd to acquire mineral asset ]]> http://www.proactiveinvestors.com.au/companies/news/137611/mining-projects-group-ltd-to-acquire-mineral-asset-67670.html Mining Projects Group Ltd (ASX:MPJ) has been granted a trading halt by the ASX, pending details on the acquisition of a mineral asset.

The halt will remain in place until the opening of trade on Tuesday 29th March 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 23 Mar 2016 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137611/mining-projects-group-ltd-to-acquire-mineral-asset-67670.html
<![CDATA[News - Mining Projects Group improves nickel outlook at Roe Hills ]]> http://www.proactiveinvestors.com.au/companies/news/137610/mining-projects-group-improves-nickel-outlook-at-roe-hills-66209.html Mining Projects Group (ASX:MPJ) has confirmed the presence of off-hole conductors situated below recently intersected nickel sulphides at its Roe Hills project in Western Australia.

The conductors were identified during geophysical surveying of recently completed holes which are located in a new area on the eastern edge of the project’s prospect.

The results are considered extremely encouraging for the company’s prospects of locating massive nickel sulphides at Roe Hills.

Spot readings of well developed zones of disseminated, blebby and narrow veinlet massive nickel bearing sulphides in the area have produced grades of up to 7% nickel.

The targets will be included in the high priority list for follow up drilling.

Roe Hills comprises three granted exploration licenses and two pending exploration licenses for 324 square kilometres and secures a 40-kilometre strike length of highly prospective terrain comprising at least five separate ultramafic belts.

Structural repetition of the sequence via folding and faulting is interpreted to have significantly increased the amount of prospective ultramafic contact available to explore.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 16 Dec 2015 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137610/mining-projects-group-improves-nickel-outlook-at-roe-hills-66209.html
<![CDATA[News - Mining Projects Group is Monday's most traded ]]> http://www.proactiveinvestors.com.au/companies/news/137609/mining-projects-group-is-mondays-most-traded-62926.html Monday's most traded stocks by the close.

CompanyCodeLastChangeVolume Mining Projects MPJ $0.009 11.11% 47,788,542 Sundance Resources SDL $0.022 4.55% 28,629,810 Ram Resources RMR $0.006 0% 24,977,852 88 Energy 88E $0.017 12.50% 23,908,889 Guildford Coal GUF $0.037 0% 22,423,203 Metminco MNC $0.006 20% 21,839,834 Pilbara Minerals PLS $0.100 17.98% 19,813,941 Red 5 RED $0.083 -1.19% 18,415,664 Federation Centres FDC $3.030 0.33% 18,397,815 Quickflix QFX $0.002 100% 18,291,663

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 16 Jun 2015 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137609/mining-projects-group-is-mondays-most-traded-62926.html
<![CDATA[News - Mining Projects Group closes right issue ]]> http://www.proactiveinvestors.com.au/companies/news/137608/mining-projects-group-closes-right-issue-61668.html Mining Projects Group (ASX:MPJ) has closed its 1 for 5 non-renounceable rights issue that sought to raise up to $1.6 million to advance its highly prospective Roe Hills nickel project in Western Australia.

This was underwritten by Alignment Capital Pty Ltd.

It had previously raised $600,000 through a placement of 100 million new fully paid shares at $0.006. In total, it was looking to a $2.2 million raising for its 2015 exploration program.

The rights issue includes one free attaching option exercisable at $0.01 expiring 30 June 2016 for every new share.

The company will make an announcement of any under subscriptions and the total number of new shares and options that are issued under the offer.

Recent drilling has intersected strongly disseminated nickel sulphides at the Roe 1 Prospect.

Logging of the northern most hole at Talc Lake Prospect has also been completed, identifying disseminated nickel sulphides over a 2 metre zone.

Drilling has now defined nickel mineralisation in all 3 drill sections over a strike distance of 875 metres at the Talc Lake Prospect.

A DHEM crew is currently on site to complete Down Hole Electromagnetic surveys on unsurveyed holes at the Roe 1 and Talc Lake Prospects.

Newexco will complete a major moving-loop electro-magnetic survey which is planned to commence in April to test 40 kilometres of strike-length of the prospective ultramafic horizon within MPJ’s tenement package.

The company recently defined nickel sulphide fertile lava channels at both prospects, indicating that the entire belt contains numerous prospective lava channels in addition to the two already defined.

Previous assay results at Roe 1 had returned elevated nickel-copper-PGE in two holes with the ultramafic rock in the lava channel shown to be comprised of a lizardite serpentinite that is very similar to the Cosmos ultramafic geology and thus a very encouraging sign that the system is highly prospective.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 09 Apr 2015 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137608/mining-projects-group-closes-right-issue-61668.html
<![CDATA[News - Mining Projects Group drilling new nickel sulphide channel at Roe Hills ]]> http://www.proactiveinvestors.com.au/companies/news/137607/mining-projects-group-drilling-new-nickel-sulphide-channel-at-roe-hills-60935.html Mining Projects Group (ASX:MPJ) is continuing exploration at the Roe Hills nickel project in Western Australia by completing diamond holes and downhole surveys.

The company will complete the two diamond holes at the Roe 1 prospect and the remaining four planned down hole electromagnetic (DHEM) surveys at the Roe 1 and Talc Lake Prospects.

Adding to the prospectivity of the area, nickel sulphide fertile lava channels have been defined at both prospects, these are at opposite ends of the Roe Hills 40 kilometres strike.

This strongly indicates that the entire belt contains numerous prospective lava channels in addition to the two already defined.

Previous assay results at Roe 1 had returned elevated nickel-copper-PGE in two holes with the ultramafic rock in the lava channel shown to be comprised of a lizardite serpentinite that is very similar to the Cosmos ultramafic geology and thus a very encouraging sign that the system is highly prospective.

The company has expanded the next major stage of the program to identify and drill test strategic targets along the entire 40 kilometres strike.

This will include an extensive geophysical electro-magnetic ground survey which will target conductive nickel sulphide mineralisation within the defined lava channel corridors.

Identification of multiple nickel sulphide fertile lava channels throughout the 40 kilometre strike will confirm the existence of a massive fertile ultramafic belt conforming to the company’s geological “Cabbage Leaf” model (Kambalda style komatiite flows).

This will highlight the significant scale of the Roe Hills project and the prospectivity of multiple new major discoveries along the entire belt.

“MPJ’s leading Technical Team continues to achieve positive results by maintaining its scientific and methodical approach to the exploration using the knowledge and expertise accumulated from previous modern nickel discoveries made by the team,” managing director Joshua Wellisch said.

“The confirmation of a new major lava channel at Roe 1 is a very exciting progression which significantly increases the prospectivity of the entire 40 kilometre strike at Roe Hills.

“It’s a major credit to Mr Hutchison and our technical team as they continue to pinpoint successful drill holes, rapidly defining strategic target channels highly prospective for major discoveries.

“The nickel intersections and the geology recorded in the holes to date at Roe 1 have a very strong correlation to the discovery history of known deposits such as Cosmos, Prospero, Sinclair, Cerberus, Silver Swan and Camelwood Nickel deposits.

“These deposits were all discovered over a period of time by following the disseminated and narrow nickel sulphide leads within the core of the lava channel.

“Once the channel core is located DHEM and clever geological interpretation will assist in the discovery of the bigger, potentially economic nickel sulphide deposits.”


Roe 1 Prospect

The first cross section of the diamond drilling was completed at Roe 1, the northern most prospect area at the company’s Roe Hills Project.

Elevated nickel-copper-PGE mineralisation was intersected within the core and at the base of a thick (>170 metre) lizardite serpentinised ultramafic flow which has many similarities and correlations to the Cosmos ultramafic system.

Two holes have been completed to date, confirming the existence of a thick fertile ‘lizardite’ ultramafic lava channel, with nickel mineralisation situated in the core and at the base of the system, constituting a growing set of multiple ultramafic pulses.

The geology is comparable to that at the Cosmos Nickel Project where the core of the thick lizardite serpentinite system contained large low-grade disseminated sulphide above the rich massive sulphide deposits which were the result of the early ultramafic pulses depositing high grade nickel sulphide mineralisation at the base and on the flanks of the ultramafic system.

This is very encouraging as the rocks at Roe 1 appear to be the fertile upstream portion of an extensive system with the potential for downstream nickel sulphide deposition.

The confirmation of multiple fertile lava channels at both ends of the 40 kilometre strike at Roe Hills increases the scope of the entire system while still conforming to the company’s geological “Cabbage Leaf” model.

Four diamond drill holes across 2 cross-sections had been planned at Roe 1 totalling about 1,500 metres, with 1005.5 metres completed so far.

Drill hole RHDD0011 on the second cross-section was temporarily suspended at a depth of 290 metres above the anticipated mineralised zone due to equipment failure prior to Christmas.

This will be completed at the commencement of the next stage of drilling along with the last planned hole RHDD0012.

The holes were designed to establish geological stratigraphic control so as to bring Roe 1 in line with Talc Lake’s exploration progress.


Talc Lake Prospect

Talc Lake has nickel mineralisation intersections over a continuous distance of 400 metres and recent intersections further confirm that the system is consistent with the company’s “Cabbage Leaf” model.

The down plunge extension significantly expands the projects prospectivity of a major discovery as these disseminated styles of mineralisation typically lead to massive nickel sulphide accumulations downstream.

Previous intersections that defined the nickel hosting channel are:

- ROE 114: 1 metres at 3.53% nickel from 155 metres including 0.5 metres at 6.15% nickel from 155.5 metres;
- ORTL-1: 1.9 metres at 1.65% nickel from 131.55 metres;
- ORTL-1: 0.15 metres at 1.33% nickel from 222.75 metres;
- ORTL-2: 0.3 metres at 1.46% nickel from 182.8 metres;
- RHDD0001: 4.3 metres at 0.53% nickel from 211.1 metres including 0.2 metres at 2.66% nickel from 215.2 metres; and
- RHDD0002: 1 metres at 0.69% nickel from 227.64 metres.

Most importantly a potentially large scale target has been recognised in an historic Fixed Loop Electromagnetic (FLEM) survey completed over the Talc Lake area which produced the start of an anomaly on the south-eastern edge of the survey.

The Late Time response FLEM anomaly had not been previously considered due to its proximity to a larger anomaly which was historically drilled and turned out to be a sulphidic shale hosted conductor.

This newly recognised anomaly now aligns with the interpreted komatiite channel direction on the southern side of the known massive sulphur source.

This same sulphidic unit was intersected to the east of the Nickel mineralisation in RHDD0001 where the lava channel has thermally eroded into the sulphidic shale providing the sulphur source necessary for the formation of the Nickel sulphide mineralisation.

The sulphidic shale is a unique-highly conductive marker horizon and this newly defined FLEM target may be the downstream location of the massive nickel sulphide accumulation.

Technical Director Neil Hutchison will work closely with the Newexco Team to design and instigate a new High-Powered Electromagnetic survey over the lava channel area, extending the survey south-easterly to fully define the source of this EM anomaly located on the edge of the historic FLEM survey.


Analysis

Diamond drilling is underway at the Roe 1 prospect where a nickel sulphide fertile lava channel has been intersected.

The company is expanding the next major stage of its exploration program to identify and drill test strategic targets along the entire 40 kilometres strike, which is part of a broader ultramafic system.

To gain some perspective, each fertile lava channel provides MPJ with an opportunity to make a nickel sulphide discovery.  One of these and MPJ shares would sky-rocket.

Once the channel core is located DHEM and geological interpretation will be used to assist in the discovery of the bigger, potentially economic nickel sulphide deposits.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 26 Feb 2015 10:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137607/mining-projects-group-drilling-new-nickel-sulphide-channel-at-roe-hills-60935.html
<![CDATA[News - Mining Projects Group raises funds to advance Roe Hills nickel project ]]> http://www.proactiveinvestors.com.au/companies/news/137606/mining-projects-group-raises-funds-to-advance-roe-hills-nickel-project-60571.html Mining Projects Group (ASX:MPJ) is raising up to $2.2 million through a placement and rights issue for its highly prospective Roe Hills nickel project in Western Australia.

Recently the company identified a new thick nickel sulphide fertile lava channel at the Roe 1 prospect, with the intersections and geology having a correlation to deposits such as Cosmos, Prospero, Sinclair, Cerberus, Silver Swan and Camelwood.

The placement will raise $600,000 from the issue of 100 million new fully paid shares at $0.006.

The 1 for 5 non-renounceable rights issue will raise up to $1.6 million at the same price, and includes a one for one free attaching listed MPJO option.

Josh Wellisch, managing director, commented:

"We have received very strong support from our major stakeholders to provide further capital, following the recent results at the Roe 1 Prospect.

"The identification of a new Nickel bearing lava channel to the North at Roe 1, further confirms the entire 40 kilometre strike is part of a broader ultramafic system. Each fertile lava channel provides a significant opportunity for a major Nickel Sulphide discovery.

"With this funding now in place, the company is in a position to aggressively advance its work programs in order to define the whole 40 kilometre strike and drill the priority targets throughout 2015."


Roe 1 Prospect

The first cross section of the diamond drilling has now been completed at Roe 1, the northern most prospect area at the company’s Roe Hills Project.

Elevated nickel-copper-PGE mineralisation was intersected within the core and at the base of a thick (>170 metre) lizardite serpentinised ultramafic flow which has many similarities and correlations to the Cosmos ultramafic system.

Two holes have been completed to date (RHDD0009 and RHDD0010).

This confirms the existence of a thick fertile ‘lizardite’ ultramafic lava channel, with nickel mineralisation situated in the core and at the base of the system, constituting a growing set of multiple ultramafic pulses.

The geology is comparable to that at the Cosmos Nickel Project where the core of the thick lizardite serpentinite system contained large low-grade disseminated sulphide above the rich massive sulphide deposits, which were the result of the early ultramafic pulses depositing high grade nickel sulphide mineralisation at the base and on the flanks of the ultramafic system.

This is encouraging as the rocks at Roe 1 appear to be the fertile upstream portion of an extensive fertile system and there is potential for downstream nickel sulphide deposition.


Analysis

Mining Projects Group has received strong support from its major stakeholders to provide further capital, which includes a $600,000 placement and up to $1.6 million from the rights issue.

Funds will be allocated to the Roe Hills nickel project, where a recent discovery was made of a new thick nickel sulphide fertile lava channel.

The successful identification of the new nickel bearing lava channel in 2014 provides significant promise and confirms the entire 40 kilometre strike is part of a broader ultramafic system.

To gain some perspective, each fertile lava channel provides MPJ with an opportunity to make a nickel sulphide discovery.  One of these and MPJ shares would sky-rocket.

The funding will enable MPJ to get cracking on its 2015 work programs and drill the priority targets throughout this year.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 09 Feb 2015 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137606/mining-projects-group-raises-funds-to-advance-roe-hills-nickel-project-60571.html
<![CDATA[News - Mining Projects Group raising funds for nickel exploration ]]> http://www.proactiveinvestors.com.au/companies/news/137605/mining-projects-group-raising-funds-for-nickel-exploration-60518.html Mining Projects Group (ASX:MPJ) has been granted a trading halt by the ASX pending details of a capital raising.

The company has some highly prospective interests in Western Australia, and just last week identified a new thick nickel sulphide fertile lava channel at the Roe 1 prospect within its wholly-owned Roe Hills Project.

The nickel intersections and the geology have a very strong correlation to the discovery history of known deposits such as Cosmos, Prospero, Sinclair, Cerberus, Silver Swan and Camelwood Nickel deposits.

Diamond drilling assays had intersected elevated nickel, copper and PGR geochemistry and confirmed the new major lava channel.

This also increases the prospectivity of the entire 40 kilometre strike containing a new major discovery.

The halt will remain in place until the opening of trade on Monday 9th February 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 06 Feb 2015 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137605/mining-projects-group-raising-funds-for-nickel-exploration-60518.html
<![CDATA[News - Mining Projects Group identifies thick nickel sulphide channel at Roe Hills ]]> http://www.proactiveinvestors.com.au/companies/news/137604/mining-projects-group-identifies-thick-nickel-sulphide-channel-at-roe-hills-60378.html Mining Projects Group (ASX:MPJ) has identified a new thick nickel sulphide fertile lava channel at the Roe 1 prospect within its wholly-owned Roe Hills Project in Western Australia.

The nickel intersections and the geology have a very strong correlation to the discovery history of known deposits such as Cosmos, Prospero, Sinclair, Cerberus, Silver Swan and Camelwood Nickel deposits.

Diamond drilling assays had intersected elevated nickel, copper and PGR geochemistry and confirmed the new major lava channel.

This also increases the prospectivity of the entire 40 kilometre strike containing a new major discovery.

The identification of multiple fertile lava channels at both ends of the strike increases the scope of the system while still conforming to the company’s geological “Cabbage Leaf” model (Kambalda style komatiite flows).

Assays show the ultramafic rock in the lava channel are comprised of a lizardite serpentinite that is very similar to the Cosmos ultramafic geology which is a very encouraging sign that the system is highly prospective.

Two diamond holes have been completed to date and the third hole was partially completed prior to the Christmas break totalling 1005.5 metres as part of the planned definition stage of exploration.

Down hole electromagnetic surveys are yet to be conducted to assess the extent of mineralisation.

MPJ has expanded the next stage of the program to test strategic targets along the entire 40 kilometre strike. This will include an extensive geophysical ground survey.

Managing director Joshua Wellisch commented:

“MPJ’s leading Technical Team continues to achieve positive results by maintaining its scientific and methodical approach to the exploration using the knowledge and expertise accumulated from previous modern nickel discoveries made by the team.

“The confirmation of a new major lava channel at Roe 1 is a very exciting progression which significantly increases the prospectivity of the entire 40km strike at Roe Hills.

“It’s a major credit to Mr Hutchison and our technical team as they continue to pinpoint successful drill holes, rapidly defining strategic target channels highly prospective for major discoveries.

“The nickel intersections and the geology recorded in the holes to date at Roe 1 have a very strong correlation to the discovery history of known deposits such as Cosmos, Prospero, Sinclair, Cerberus, Silver Swan and Camelwood Nickel deposits.

“These deposits were all discovered over a period of time by following the disseminated and narrow Nickel sulphide leads within the core of the lava channel.

“Once the channel core is located DHEM and clever geological interpretation will assist in the discovery of the bigger, potentially economic nickel sulphide deposits.”


Roe 1 Prospect

The first cross section of the diamond drilling has now been completed at Roe 1, the northern most prospect area at the company’s Roe Hills Project.

Elevated nickel-copper-PGE mineralisation was intersected within the core and at the base of a thick (>170 metre) lizardite serpentinised ultramafic flow which has many similarities and correlations to the Cosmos ultramafic system.

Two holes have been completed to date (RHDD0009 and RHDD0010).

This confirms the existence of a thick fertile ‘lizardite’ ultramafic lava channel, with nickel mineralisation situated in the core and at the base of the system, constituting a growing set of multiple ultramafic pulses.

The geology is comparable to that at the Cosmos Nickel Project where the core of the thick lizardite serpentinite system contained large low-grade disseminated sulphide above the rich massive sulphide deposits, which were the result of the early ultramafic pulses depositing high grade nickel sulphide mineralisation at the base and on the flanks of the ultramafic system.

This is encouraging as the rocks at Roe 1 appear to be the fertile upstream portion of an extensive fertile system and there is potential for downstream nickel sulphide deposition.

The confirmation of multiple fertile lava channels at both ends of the 40 kilometre strike at Roe Hills increases the scope of the entire system while still conforming to the company’s geological “Cabbage Leaf” model (Kambalda style komatiite flows).

Four diamond drill holes across 2 cross-sections had been planned at Roe 1 totalling about 1,500 metres, with 1005.5 metres completed so far.

Drill hole RHDD0011 on the second cross-section was temporarily suspended at a depth of 290 metres above the anticipated mineralised zone due to equipment failure prior to Christmas.

This will be completed at the commencement of the next stage of drilling along with the last planned hole RHDD0012.

The holes were designed to establish geological stratigraphic control so as to bring Roe 1 in line with Talc Lake’s exploration progress.


Talc Lake Prospect

Talc Lake has nickel mineralisation intersections over a continuous distance of 400 metres and recent intersections further confirm that the system is consistent with the company’s geological “Cabbage Leaf” model.

The down plunge extension significantly expands the projects prospectivity of a major discovery as these disseminated styles of mineralisation typically lead to massive Nickel sulphide accumulations downstream.

Previously reported intersections from the Talc Lake Prospect have clearly defined the Nickel hosting channel which MPJ is targeting. Results are:

- ROE 114: 1 metre at 3.53% nickel from 155 metres including 0.5 metres at 6.15% nickel from 155.5 metres;
- ORTL-1: 1.9 metres at 1.65% nickel from 131.55 metres;
- ORTL-1: 0.15 metres at 1.33% nickel from 222.75 metres; and
- ORTL-2: 0.3 metres at 1.46% nickel from 182.8 metres.

More recent results are 4.3 metres at 0.53% nickel from 211.1 metres including 0.2 metres at 2.66% nickel from 215.2 metres and 1 metres at 0.69% nickel from 227.64 metres.

Most importantly a potentially large scale target has been recognised in an historic Fixed Loop Electromagnetic (FLEM) survey completed over the Talc Lake area which produced the start of an anomaly on the south-eastern edge of the survey.

The Late Time response FLEM anomaly had not been previously considered due to its proximity to a larger anomaly which was historically drilled and turned out to be a sulphidic shale hosted conductor.

This newly recognised anomaly now aligns with the interpreted komatiite channel direction on the southern side of the known massive sulphur source.

This same sulphidic unit was intersected to the east of the nickel mineralisation in RHDD0001 where the lava channel has thermally eroded into the sulphidic shale providing the sulphur source necessary for the formation of the nickel sulphide mineralisation.

This sulphidic shale is a unique-highly conductive marker horizon and this newly defined FLEM target may be the downstream location of the massive nickel sulphide accumulation as depicted by the “Cabbage Leaf” model.

Technical Director Neil Hutchison will work closely with the Newexco Team to design and instigate a new High-Powered Electromagnetic (EM) survey over the lava channel area, extending the survey south-easterly to fully define the source of this EM anomaly located on the edge of the historic FLEM survey.

It is anticipated work will recommence in February 2015.


Analysis

The discovery of a new thick nickel sulphide fertile lava channel increases prospectivity of the entire 40 kilometre strike at Mining Project Group’s Roe Hills Project.

Providing interest, the nickel intersections and the geology intersected have a very strong correlation to the discovery history of known deposits such as Cosmos, Prospero, Sinclair, Cerberus, Silver Swan and Camelwood Nickel deposits.

Further exploration will assist in the discovery of the bigger, potentially economic nickel sulphide deposits.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 29 Jan 2015 12:04:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137604/mining-projects-group-identifies-thick-nickel-sulphide-channel-at-roe-hills-60378.html
<![CDATA[News - Mining Projects Group, Medibank among Thursday's ASX Volume Leaders ]]> http://www.proactiveinvestors.com.au/companies/news/137603/mining-projects-group-medibank-among-thursdays-asx-volume-leaders-59249.html Thursday's ASX Volume Leaders.

CompanyCodeLastChangeVolume Mining Projects Group MPJ $0.008 33.33% 63,615,734 Motopia Ltd MOT $0.001 0% 59,902,676 Medibank Private MPL $2.170 3.33% 54,495,547 Condo Blanco Mines CDB $0.001 -50% 48,787,418 Citiation Resources CTR $0.002 0% 38,955,500 Mining Projects Group opt Jun16 MPJO $0.003 50% 38,322,500 Birimian Gold BGS $0.019 35.71% 31,956,722 Sundance Resources SDL $0.035 -2.78% 27,227,626 Telstra TLS $5.730 1.24% 27,106,204 Caeneus Minerals CAD $0.012 9.09% 22,381,563 Quickflix Ltd QFX $0.003 0% 19,492,949

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 28 Nov 2014 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137603/mining-projects-group-medibank-among-thursdays-asx-volume-leaders-59249.html
<![CDATA[News - Mining Projects Group intersects nickel sulphide at Roe Hills Project ]]> http://www.proactiveinvestors.com.au/companies/news/137602/mining-projects-group-intersects-nickel-sulphide-at-roe-hills-project-59241.html Mining Projects Group's (ASX:MPJ) measured and methodical approach to making a commercial nickel discovery at Roe Hills has taken on new momentum after a diamond drill was found to have intersected further nickel mineralisation.

This should propel MPJ shares higher as the nickel sulphide that was intersected in hole RHDD0008 is located just 200 metres south of the previously announced high grade intersection of 11.0% nickel, taken from an individual portable XRF machine reading.

This recent drilling intersection also adds to the significant historical results from the Talc Lake Project.

To date 8 diamond drill holes have successfully been completed during the planned definition stage of the exploration at Talc Lake totalling 2,888 metres.

What renders today's result interesting?

The intersection seems to show that the system is consistent with the Company’s so called “cabbage leaf” geological model of Kambalda style komatiite flows.

This significantly expands the projects potential of MPJ making a major discovery as the down plunge extension of the mineralised channel is now 400 metres long.

As Technical Director Neil Hutchison put it:  “This is a significant step forward in the Company’s progress towards the discovery of Nickel Sulphides at the Roe Hills Project.

"Discoveries are not easy, but the geology intersected to date at Talc Lake has all the ingredients required and fits perfectly into the proven “Cabbage Leaf” model that has been responsible for numerous discoveries over the last 15 years by our successful technical team."

So the team which includes Hutchison and Newexco know a thing or two about making commercial nickel discoveries.

He concluded: "The coincident FLEM anomaly now adds weight to the model and has our team very excited about conducting a new High-Power EM survey over this area in early 2015.”

Also bullishly, a historic Fixed Loop Electromagnetic (FLEM) anomaly on the southern edge of the survey was previously not considered within the system.

This anomaly now aligns with the interpreted lava channel direction on the southern side of a known massive sulphur source (sulphidic sediment).


In more detail

Hole RHDD0008 intersected nickel mineralisation over a width of almost 2 metres occurring as series of pyrrhotite-pentlandite sulphide blebs and thin veins from a down hole depth of 243 metres.

Individual blebs have returned nickel grades of up to 2.3% nickel using a Portable XRF Analyser (PXRF).

The nickel sulphides occur as a series of high tenor pyrrhotite-pentlandite sulphide blebs and thin stringer veins.

Nickel mineralisation has now been intersected over a continuous distance of 400 metre and this intersection further confirms that the system is consistent with the Company’s geological “Cabbage Leaf” model (Kambalda style komatiite flows).

This down plunge extension significantly expands the projects prospectivity of a major discovery as these disseminated styles of mineralisation typically lead to massive nickel sulphide accumulations downstream.


Previous hole

Hole RHDD0001 previously returned high grade intersections of up to 11.0% nickel from an XRF reading. Then this was sent to the laboratory with promising assay results of:

- 4.3m at 0.53% Ni from 211.1m (including 0.2m @ 2.66% Ni from 215.2m)

Joshua Wellisch, managing director, commented: “MPJ’s leading Technical Team continues to achieve positive results by maintaining its scientific and methodical approach to the exploration using the knowledge and expertise accumulated from previous modern nickel discoveries made by the team.

"The confirmation of the major target at Talc Lake is very exciting as we progress from the geological definition stage into strategic target drilling.

"The nickel intersections and the geology recorded in the holes to date at Talc Lake have a very strong correlation to the discovery history of known deposits such as Prospero, Sinclair, Cerberus, Maggie Hays and Camelwood nickel deposits.

"These deposits were all discovered over a period of time by following the disseminated and narrow nickel sulphide leads within the core of the lava channel.

"Once the channel core is located DHEM and clever geological interpretation will assist in the discovery of the bigger, potentially economic nickel sulphide deposits.”


Next steps

Hutchison and the Newexco Team will design and instigate a new High-Powered Electromagnetic (EM) survey over the lava channel area, extending the survey south-easterly to fully define the source of this EM anomaly located on the edge of the historic FLEM survey.

The initial planned drill programme is on track and is planned to complete before Christmas 2014.

Down Hole Electro Magnetic surveys are still to be conducted on RHDD0007 and RHDD0008 to further confirm strategic targets and will coincide with the surface High-Powered EM survey in 2015.

The team has re-defined and expanded the next stage of the programme to test strategic targets and ensure capital efficiency.


Roe 1 Prospect

The planned Diamond drilling has commenced at Roe 1 the northern most prospect at Roe Hills.

Four diamond drill holes totalling 1200 metres have been planned to intersect and locate the interpreted lava system. The holes have been designed establish geological stratigraphic control so as to bring Roe 1 in line with Talc Lake’s exploration progress.


Analysis

Results from early DD holes at Talc Lake and Roe Hills project show the methodical approach to the exploration using knowledge and expertise accumulated and gleaned from previous modern nickel discoveries is paying off.

Momentum is progressing from geological definition stage into strategic target drilling with a major target at Talc Lake.

With similar geology recorded in the holes to date at Talc Lake to major discoveries and nickel deposits is promising.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 27 Nov 2014 10:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137602/mining-projects-group-intersects-nickel-sulphide-at-roe-hills-project-59241.html
<![CDATA[News - Mining Projects Group options, Red Mountain Mining among ASX % Gainers ]]> http://www.proactiveinvestors.com.au/companies/news/137601/mining-projects-group-options-red-mountain-mining-among-asx-gainers-59085.html Thursday's leading ASX % Gainers intra-day.

CompanyCodeLastChangeVolume Mining Projects Group options MPJO $0.003 50% 1,717,525 Monteray Mining MRY $0.015 50% 90,000 Thor Mining THR $0.003 50% 159,411 APAC Coal AAL $0.004 33.33% 100,000 Delecta Ltd DLC $0.004 33.33% 50,000 Northern Iron NFE $0.045 28.57% 210,184 Red Mountain Mining RMX $0.005 25% 8,215,520 Superior Resources SPQ $0.012 20% 100,000 Narhex Life Sciences NLS $0.006 20% 200,000 Hannans Reward HNR $0.006 20% 120,000

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 20 Nov 2014 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137601/mining-projects-group-options-red-mountain-mining-among-asx-gainers-59085.html
<![CDATA[News - Mining Projects Group's nickel intersections provide promise at Roe Hills ]]> http://www.proactiveinvestors.com.au/companies/news/137600/mining-projects-groups-nickel-intersections-provide-promise-at-roe-hills-58373.html Mining Projects Group (ASX:MPJ) has intersected massive nickel sulphides from drilling and first assays at Roe Hills in Western Australia.

Assays from RHDD0001, the first drill hole at Talc Lake, returned 4.3 metres at 0.53% nickel from 211.1 metres including 0.2 metres at 2.66% nickel.

To have intersected over 2% nickel in the very first hole drilled is a solid start to MPJ's exploration program and drill hole targeting.

Where there is smoke, there is fire; the initial results hint that something large may lie in the near vicinity.

Adding to the evidence, the initial high-grade 3cm intersection of massive nickel sulphide previously reported was sampled as a wider 20cm interval for minimum laboratory sample size purposes.

Back calculations of the assay results estimate that the massive sulphide zone assays around 17.7% nickel, which is higher than the initial readings previously reported.

This intersection is now more significant than previously thought following the completion of the next two drill holes.

Mineralisation is associated with the disseminated nickel sulphides situated above it which defines the core of the lava channel system and therefore the sulphides are from a local primary source.

In addition a very important milestone has been achieved by clearly defining the three dimensional plunge of the ultramafic system hosting the Massive Nickel Sulphides which conform to the anticipated Kambalda style komatiite nickel hosting geological model.

This intersection adds to the significant historical results from the Talc Lake Project which are beginning to define the nickel hosting channel which MPJ is targeting.


Drilling progressing smoothly

To date, 5 diamond drill holes have been completed totalling 1650 metres with drilling progressing as expected at approximately 70 metres per day.

The initial 15 hole, 5000 metre program is on track and is planned to complete before the end of January 2015.

Down Hole Electro Magnetic surveys were conducted down holes RHDD0002 and RHDD0003.

The interpretation was recently received from Newexco further supporting the definition of the lava channel system and its conformity to the geological model, assisting in defining the south-easterly plunge of the channel system.

The remaining 3 holes will undergo DHEM surveys this week, including RHDD0001 which was blocked part way down the hole preventing DHEM surveying during the last campaign.

The hole is being reopened by the drill rig to enable the completion of the DHEM survey in conjunction with holes RHDD0004 and RHDD0005.

The drill rig will also reopen historical drill hole ORTL6 which was located adjacent to RHDD0001 and in the centre of the interpreted lava system.

This hole was identified in the database as not having been DHEM surveyed or geologically logged by the previous company.

Further geophysical interpretation from Newexco will be undertaken on completion of these DHEM surveys.

Samples have been submitted to the labs and assays results are pending for holes RHDD0002 to RHDD0004, as well as RHDD0005 which is currently being logged and sampled.

The results of these assays will help assist in further defining the komatiite channel position and vectoring towards potential nickel sulphide accumulations.

Geologist Neil Hutchison commented:

“The nickel intersections and the geology seen in the holes to date at Talc Lake have a very strong correlation to the discovery history of known deposits such as Prospero, Sinclair, Cerberus, Maggie Hays and Camelwood nickel deposits.

These deposits were all discovered over a period of time by following the disseminated and narrow nickel sulphide leads within the core of the lava channel.

Once the channel core is located DHEM and clever geological interpretation will assist in the discovery of the bigger, potentially economic nickel sulphide deposits.”


Analysis

These initial results are precisely what MPJ and Newexco were hoping for - confirmation that they are on the right track, and are closing in on what could be a significant prize.

The initial high-grade 3cm intersection of massive nickel sulphide previously reported and back calculations of the assay results estimate that the massive sulphide zone assays approximately 17.7% Ni are significant.

The mineralisation is associated with the disseminated nickel sulphides situated above it which defines the core of the lava channel system and therefore the sulphides are from a local primary source.

Larger known deposits were discovered by following the disseminated and narrow nickel sulphide leads within the core of the lava channel.

Therefore, once the channel core is located DHEM and geological interpretation will hopefully assist MPJ in pinpointing the discovery of large economic nickel sulphide deposits.

The next 3 drill holes planned at Talc Lake will better define the down plunge extension of the lava channel core through geological, geochemical and geophysical control which will assist in pinpointing the accumulations of Massive Nickel Sulphides.

It is the start of a fascinating story unfolding at Roe Hills for MPJ.

Assay newsflow will be consistent until the end of the program.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 22 Oct 2014 10:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137600/mining-projects-groups-nickel-intersections-provide-promise-at-roe-hills-58373.html
<![CDATA[News - Mining Projects Group hits high-grade nickel at Roe Hills Project ]]> http://www.proactiveinvestors.com.au/companies/news/137599/mining-projects-group-hits-high-grade-nickel-at-roe-hills-project-57562.html Mining Projects Group (ASX:MPJ) highly anticipated drilling program at the Roe Hills Project has delivered a narrow nickel-copper sulphide vein grading between 10.0%-12.6% nickel and up to 2.75% copper in the first diamond hole.

The 3cm wide pyrrhotite-pentlandite sulphide vein in hole RHDD0001 at a depth of 215.3m downhole was detected from using a Portable XRF Analyser.

The high grade nickel-copper sulphides intersected are likely indicative of remobilised sulphides from a nearby primary nickel source.

The intersection occurs within a sequence of inter-fingering thin flow komatiitic ultramafic flows and sedimentary units which mark the edges of the lava channel system.

The sulphide vein is hosted towards the top of a thin 20 metre thick orthocumulate komatiite lava flow which again supports the remobilised nature of the mineralisation.

The wholly-owned Roe Hills is located within a 50 kilometre length of prospective nickel bearing komatiitic greenstone belt, around 110 kilometres east of Kalgoorlie.


Details of the drilling

RHDD0001 is a stratigraphic diamond hole drilled to locate the position of the inter-fingering edges of the host lava channel 80 metres southeast and down plunge from historic intersections at the Talc Lake Prospect.

A second hole named RHDD0002 has commenced 80 metres to the west and down dip of RHDD0001.

It is targeting the modelled centre of the host komatiitic lava channel which is interpreted to be the source of the nickel sulphide mineralisation and provide a DHEM platform.

The core is currently being cut and will be submitted to the laboratory for assaying.

The anticipated initial 15 hole diamond drill campaign will cover 5,000 metres at Roe Hills.

MPJ has formally engaged OnQ drilling to complete the initial phase, and an agreed extension of up to 10,000 metres.

The extension will incur a discount rate on all metres drilled, and 25% of consideration for drilling services will be satisfied by issuing MPJ shares.

MPJ recently raised $1.395 million by way of a placement which has ensured ample funding to complete 10,000 metres of drilling, including the geophysical works to be conducted by Newexco.


Down-Hole Electromagnets

The drill holes will provide a platform for Down-Hole Electromagnets (DHEM) which will be completed by Newexco.

The DHEM is a highly successful survey method used to potentially locate and define the source of the mineralisation in conjunction with the already successful geochemical and geological modelling.

The NQ2 sized diamond drill core is currently being cut in the field and will be sent to the laboratory for accurate multi-element analysis.

MPJ said that due to the narrow nature of the intersection a wider sample will need to be submitted to the laboratory which will result in a broader but diluted assay result from those quoted within this report.


Newexco Services and Neil Hutchison

Bill Amann and Adrian Black from Newexco have been responsible for the discovery of multiple major nickel sulphide deposits, including Sirius Resources' (ASX:SIR) Nova-Bollinger in the Fraser Range, about 50 kilometres from MPJ's current exploration.

Interestingly, in the case of MPJ, they have chosen to take MPJ shares as part payment for their services.

This gives them additional exposure to any discovery, and is indicative of their optimism for MPJ's ground.

MPJ has pulled together an impressive exploration team - Newexco are joined by Hutchison, the General Manager for Geology at Poseidon Nickel (ASX:POS).

Hutchison engineered the discovery of the Cosmos and Windarra nickel deposits.


Analysis

While it is still early days for MPJ at Roe Hills, today's high-grade results add to the theory of where there is smoke there is fire.

The assays from the first hole will be highly anticipated.

Near-term newsflow is set to ramp-up with the second hole of the drilling program already underway.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 15 Sep 2014 09:31:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137599/mining-projects-group-hits-high-grade-nickel-at-roe-hills-project-57562.html
<![CDATA[News - Mining Projects Group kicks off big nickel drilling in Fraser Range ]]> http://www.proactiveinvestors.com.au/companies/news/137598/mining-projects-group-kicks-off-big-nickel-drilling-in-fraser-range-57334.html Mining Projects Group (ASX:MPJ) has commenced a highly anticipated initial 15 hole diamond drill campaign totalling 5,000 metres at its flagship Roe Hills nickel project in Western Australia's Fraser Range.

Director Neil Hutchison has identified several new and significant nickel sulphide target zones at the Talc Lake, Roe 1 and Roe 2 prospects.

The drilling includes concurrent down-hole electro-magnetic surveys to be managed by Newexco Services.

MPJ has formally engaged OnQ drilling to complete the initial phase, and an agreed extension of up to 10,000 metres.

The extension will incur a discount rate on all metres drilled, and 25% of consideration for drilling services will be satisfied by issuing MPJ shares.

MPJ recently raised $1.395 million by way of a placement which has ensured ample funding to complete 10,000 metres of drilling, including the geophysical works to be conducted by Newexco.

Newexco Services and Neil Hutchison

Bill Amann and Adrian Black from Newexco have been responsible for the discovery of multiple major nickel sulphide deposits, including Sirius Resources' (ASX:SIR) Nova-Bollinger in the Fraser Range, about 50 kilometres from MPJ's current exploration.

Interestingly, in the case of MPJ, they have chosen to take MPJ shares as part payment for their services.

This gives them additional exposure to any discovery, and is indicative of their optimism for MPJ's ground.

MPJ has pulled together an impressive exploration team - Newexco are joined by Hutchison, the General Manager for Geology at Poseidon Nickel (ASX:POS).

Hutchison engineered the discovery of the Cosmos and Windarra nickel deposits.

Nickel Sulphide Prospects

The prospects were identified after Hutchison took a fresh approach to finding nickel sulphides at Roe Hills.

3D modelling of existing data has defined the plunge direction, fertility for sulphide deposition, and the definition of “blind” target zones which was missed by previous explorers.

Talc Lake is an advanced nickel prospect that comprises a NE-trending zone of nickel-copper mineralisation.

Nine holes for 3,200 metres are planned for Talc Lake targeting southerly plunging anomalous nickel-copper intersections.

The company will also drill six holes totalling 1,800 metres at the Roe 1 Prospect, targeting southerly plunging anomalous nickel-copper mineralisation.

The Roe Hills Project, located 110 kilometres east of Kalgoorlie, consists of five exploration licences totalling 360 square kilometres with a 40 kilometre continuous strike of ultramafic rocks.

Analysis

With nickel prices rising as much as 56% this year to US$21,625 per tonne, this drilling program will be closely watched.

The company is also fully funded to expand the program from the current 5,000 metres to 10,000 metres if warranted.

An extensive and deep nickel sulphide drilling campaign in the Fraser Range, coming from a $10 million company, is sure to gather additional market traction as drilling progresses.

The MPJ share price has already bounced ahead nicely as investors look to get set ahead of drilling.  However, this gain would look positively paltry against a market cap. of $8.8 million should Neil Hutchison and Newexco have success at Roe Hills.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 03 Sep 2014 12:37:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137598/mining-projects-group-kicks-off-big-nickel-drilling-in-fraser-range-57334.html
<![CDATA[News - Mining Projects Group to drill nickel sulphide targets at Roe Hills ]]> http://www.proactiveinvestors.com.au/companies/news/137597/mining-projects-group-to-drill-nickel-sulphide-targets-at-roe-hills-57017.html Mining Projects Group (ASX:MPJ) has finalised a diamond drilling program to test major nickel sulphide targets at its flagship Roe Hills Project near Kalgoorlie, Western Australia.

This follows director Neil Hutchison identifying several new and significant drill ready targets at the Talc Lake, Roe 1 and Roe 2 prospects.

The initial 15 hole program totalling 5,000 metres will begin in the first week of September and may be extended to 10,000 metres at a discount rate with 25% of the cost to be satisfied by the issue of MPJ shares.

It will be carried out in conjunction with concurrent downhole electromagnetic surveys to be managed by Newexco Services Pty Ltd.

Mining Projects Group had recently raised $1.398 million through a placement, ensuring that it is fully funded to complete up to 10,000 metres of drilling and the geophysical works.

Nickel Sulphide Prospects

The prospects were identified after director Neil Hutchison took a fresh approach to finding nickel sulphides at Roe Hills.

3D modelling of existing data has defined the plunge direction, fertility for sulphide deposition, and the definition of “blind” target zones which was missed by previous explorers.

Talc Lake is an advanced nickel prospect that comprises a NE-trending zone of nickel-copper mineralisation.

Nine holes for 3,200 metres are planned for Talc Lake targeting southerly plunging anomalous nickel-copper intersections.

The company will also drill six holes totalling 1,800 metres at the Roe 1 Prospect, targeting southerly plunging anomalous nickel-copper mineralisation.

Roe Hills Project

The Roe Hills Project, located 110 kilometres east of Kalgoorlie, consists of five exploration licences totalling 360 square kilometres with a 40 kilometre continuous strike of ultramafic rocks.

It is also located 50 kilometres northwest of Sirius Resources’ (ASX:SIR)  Nova nickel-copper massive sulphide discovery.

Analysis

Drilling will start in the first week of September to test the major nickel sulphide targets identified by director Neil Hutchison at the company’s Roe Hills Project.

This will unlock the potential of the targets, which are located down plunge from previous nickel sulphide intersections.

With nickel prices rising as much as 56% this year to US$21,625 per tonne, this drilling program will be closely watched.

The company is also funded to expand the program from the current 5,000 metres to 10,000 metres if warranted.

The inset of drilling provides a strong share price catalyst for MPJ.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 19 Aug 2014 12:32:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137597/mining-projects-group-to-drill-nickel-sulphide-targets-at-roe-hills-57017.html
<![CDATA[News - Mining Projects Group unearths nickel sulphide drill targets at Roe Hills ]]> http://www.proactiveinvestors.com.au/companies/news/137596/mining-projects-group-unearths-nickel-sulphide-drill-targets-at-roe-hills-56476.html Mining Projects Group's (ASX:MPJ) director Neil Hutchison has taken a fresh approach to finding nickel sulphides at Roe Hills located 110 kilometres east of Kalgoorlie and unearthed immediate drill ready targets.

Which should see the shares open firmer given near term target zones that can be drilled.

3D modelling of existing data has realised Hutchison’s beliefs that the project ground is fertile for the development of potential undiscovered nickel sulphide mineralisation.

The modelling has mapped key components of the prospective geological units.

Hutchison's contention is that historic drilling focussed too much on the near surface geochemical anomalies and the new deeper targets are “blind” to the near surface geochemistry.

Strong southerly plunging channels have been defined providing MPJ with highly prospective immediate drill targets at Roe Hills.

New approach

The 3D modelling has defined the plunge direction, fertility for sulphide deposition, and the definition of “blind” target zones which was missed by previous explorers.

Talc Lake prospect shows similar trends and the study clearly displays the three stacked ultramafic flows that were defined by the previous explorers. Talc Lake also displays the same southerly plunge as Roe 1 and has several open untested targets which are now drill ready.

Managing director Joshua Wellisch said: “This is an exciting time for the company as 50 years of shallow drilling has provided the foundations for a potential new nickel discovery at the company’s flagship project, Roe Hills.

"For the first time we have applied modern techniques to the project to define “blind” drill ready targets, below and down plunge from previously drilled nickel sulphide intersections.

Analysis

The fresh approach by Neil Hutchison, who has form in making nickel sulphide discoveries in Western Australia, looks to have already paid off with a structured plan that has defined ready drill targets below and down plunge from previous nickel sulphide intersections.

This sets the scene for a maiden drill campaign by MPJ at Roe Hills.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

 

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Thu, 24 Jul 2014 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137596/mining-projects-group-unearths-nickel-sulphide-drill-targets-at-roe-hills-56476.html
<![CDATA[News - Mining Projects Group banks $1.4m to drill nickel sulphide targets ]]> http://www.proactiveinvestors.com.au/companies/news/137595/mining-projects-group-banks-14m-to-drill-nickel-sulphide-targets-56459.html Mining Projects Group's (ASX:MPJ) shares are expected to firm after raising $1.4 million to underwrite a busy exploration program.

The fund raising was in the form of a placement via the issue of 233 million ordinary fully paid shares with professional and sophisticated investors at an issue price of $0.006.

The company is now ready to drill highly prospective nickel sulphide targets at its Roe Hills project, located 110 kilometres east of Kalgoorlie.

A 5000 metre drilling campaign has been planned using advanced techniques, with the initial stage Programme of Works approved.


Terms of the placement

The issue is under the placement capacity, so shareholder approval is not required.

MPJ will also issue 22,120,646 shares to Newexco Services Pty Ltd in lieu of cash payment for geological consultancy services provided to the company.

The issue of Shares to Newexco was previously approved by shareholders on 16 May 2014.

The terms of the placement provide that each share was to be issued with a free attaching option (MPJO) with an exercise price of $0.01, expiring 30 June 2016.

The option issue will be subject to shareholder approval to be obtained following the issue of the placement shares.


Roe Hills history

Historic exploration activity at Roe Hills started in 1965 for both nickel sulphides and gold. Exploration was initially completed by various smaller companies up until 1995, until major campaigns were completed by WMC Resources Ltd, Vale-Inco Ltd and Oroya Mining Ltd between 1995 until 2009.

Previous drilling for nickel sulphide mineralisation at Roe Hills has defined three prospective ultramafic flows, analogous in style to that seen at Kambalda, Cosmos and Black Swan/Silver Swan discoveries.

These including 0.5 metres at 6.15% nickel from a downhole depth of 155 metres in drill hole ROE114. These nickel sulphide intersections confirm the prospectivity and potential for the Roe Hills project to contain significant Nickel Sulphide accumulations within the fertile ultramafic lava channels.

MPJ holds 100% of five tenements covering a continuous strike of 40 kilometres of ultramafic rocks and 360 square kilometres of prospective greenstone terrain.


Drilling program

The use of deeper drilling, smarter geological interpretations and accessing the leading geochemical/geophysical tools provides a far greater chance of making nickel sulphide discoveries.

Which is where MPJ's technical director Neil Hutchison and Newexco come in.

Prolific Newexco Services Pty Ltd is completing final geophysical analysis of extensive historical data to refine targets and pin point exact drill hole locations.

A review of the exploration data over the forty kilometre strike length of Roe Hills Nickel Project resulted in identifying the new and significant nickel sulphide targets zones.

As well as down dip and along strike potential at the existing prospects, Roe 1, Roe 2 and Talc Lake.

MPJ’s Technical Director, Neil Hutchison (behind key a number of nickel discoveries himself) and Newexco’s review will be combined to further refine the target priorities in order to test the basal contacts of the host ultramafic unit.


Analysis

It might only be early days for MPJ at Roe Hills, but historical nickel sulphide intersections confirm the prospectivity and potential of the project.

The $1.4 million capital raising to professional and sophisticated investors provides a vote of confidence in the company's team and exploration plan.

Considering a market cap. of just $7 million, MPJ is leveraged to exploration success.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 23 Jul 2014 13:55:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137595/mining-projects-group-banks-14m-to-drill-nickel-sulphide-targets-56459.html
<![CDATA[News - Mining Projects Group looks to raise up to $1.39M ]]> http://www.proactiveinvestors.com.au/companies/news/137594/mining-projects-group-looks-to-raise-up-to-139m-56236.html Mining Projects Group (ASX:MPJ) will look to raise up to $1,398,000 after signing a mandate with a broker on a best endeavours basis for its Fraser Range exploration projects.

Pearce Callahan will look to place 233 million new ordinary fully paid shares with professional and sophisticated investors at an issue price of $0.006 per share.

Each placement Share will be issued with a free-attaching option with a strike price of $0.01 and an expiry date of 30 June 2016.

Funds raised from the proposed placement will be applied to the development of the Company’s existing projects and specifically the recently announced programme of works at the flagship Roe Hills Nickel Project.

This month Mining Projects Group identified a number of new high priority nickel sulphide targets at its Roe Hills project located 110 kilometres east of Kalgoorlie.

A 5000 metre drilling campaign is now planned using advanced techniques with the initial stage Programme of Works approved.

The use of deeper drilling, smarter geological interpretations and accessing the leading geochemical/geophysical tools provides a far greater chance of making nickel sulphide discoveries.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

 

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Mon, 14 Jul 2014 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137594/mining-projects-group-looks-to-raise-up-to-139m-56236.html
<![CDATA[News - Mining Projects Group raising funds for nickel exploration ]]> http://www.proactiveinvestors.com.au/companies/news/137593/mining-projects-group-raising-funds-for-nickel-exploration-56187.html Nickel-explorer Mining Projects Groups (ASX:MPJ) is heading to market with a capital raising.

The ASX has granted the company a trading halt, with its shares placed in pre-open.

MPJ has already identified a number of new high priority nickel sulphide targets at its flagship Roe Hills project located 110 kilometres east of Kalgoorlie in Western Australia.

A 5000 metre drilling campaign is now planned using advanced techniques with the initial stage Programme of Works approved.

Historic exploration activity at Roe Hills started in 1965 for both nickel sulphides and gold.

Exploration was initially completed by various smaller companies up until 1995, until major campaigns were completed by WMC Resources Ltd, Vale-Inco Ltd and Oroya Mining Ltd between 1995 until 2009.

Previous drilling for nickel sulphide mineralisation at Roe Hills has defined three prospective ultramafic flows, analogous in style to that seen at Kambalda, Cosmos and Black Swan/Silver Swan discoveries.

The halt will remain in place until the opening of trade on Monday 14th July 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 10 Jul 2014 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137593/mining-projects-group-raising-funds-for-nickel-exploration-56187.html
<![CDATA[News - Mining Projects Group finds new nickel sulphide targets to drill at Roe Hills ]]> http://www.proactiveinvestors.com.au/companies/news/137592/mining-projects-group-finds-new-nickel-sulphide-targets-to-drill-at-roe-hills-56122.html Mining Projects Group (ASX:MPJ) has identified a number of new high priority nickel sulphide targets at its flagship Roe Hills project located 110 kilometres east of Kalgoorlie.

A 5000 metre drilling campaign is now planned using advanced techniques with the initial stage Programme of Works approved.

The use of deeper drilling, smarter geological interpretations and accessing the leading geochemical/geophysical tools provides a far greater chance of making nickel sulphide discoveries.

Which is where MPJ's technical director Neil Hutchison and Newexco come in.

Prolific Newexco Services Pty Ltd is completing final geophysical analysis of extensive historical data to refine targets and pin point exact drill hole locations.

A review of the exploration data over the forty kilometre strike length of Roe Hills Nickel Project resulted in identifying the new and significant nickel sulphide targets zones.

As well as down dip and along strike potential at the existing prospects, Roe 1, Roe 2 and Talc Lake.

MPJ’s Technical Director, Neil Hutchison (behind key a number of nickel discoveries himself) and Newexco’s review will be combined to further refine the target priorities in order to test the basal contacts of the host ultramafic unit.

Managing director Joshua Wellisch said:

“It is a pivotal point in the progression of our Flagship Nickel Project at Roe Hills in Western Australia.

"This is a result of the appointment and engagement of our decorated Technical Director Mr Neil Hutchison. His work conducted in conjunction with our consultants has highlighted that the ultramafic unit is fertile with the potential to; host significant new nickel sulphides and an exploration campaign has been planned using the most advanced techniques.”


Roe Hills primer

The Roe Hills project is located within a 50 kilometre length of prospective nickel bearing greenstone belt located 110 kilometres east of Kalgoorlie.

MPJ holds 100% of 5 tenements covering a continuous strike of 40km of ultramafic rocks and 360km2 of prospective greenstone terrain.
 
Historic exploration activity at Roe Hills started in 1965 for both nickel sulphides and gold. Exploration was initially completed by various smaller companies up until 1995, until major campaigns were completed by WMC Resources Ltd, Vale-Inco Ltd and Oroya Mining Ltd between 1995 until 2009.

Previous drilling for nickel sulphide mineralisation at Roe Hills has defined three prospective ultramafic flows, analogous in style to that seen at Kambalda, Cosmos and Black Swan/Silver Swan discoveries.

These including 0.5m at 6.15% nickel from a downhole depth of 155 metres in drill hole ROE114. These nickel sulphide intersections confirm the prospectivity and potential for the Roe Hills project to contain significant Nickel Sulphide accumulations within the fertile ultramafic lava channels.

Other results included:  ORTL-1: 1.9m at 1.65% Ni from 131.55 metres and ORTL-1: 0.15m at 1.33% Ni from 222.75 metres.

The majority of the deeper drilling activity has been focussed on one isolated area surrounding ROE114 at the Talc Lake Prospect.

This is where Neil Hutchison comes in.  His review highlights that potential remains along strike both to the north and south, as well as down dip of this area.

Much of the drilling is shallow (30-100m) and does not intersect the basal contact of the ultramafic flows which is the critical position for the deposition of nickel sulphides.

Analysis of the historic drilling data has confirmed that the rocks at Roe Hills display critical primary features associated with fertile Nickel belts, confirming and providing valuable vectors towards potential nickel sulphide mineralisation.

Neil Hutchison

Hutchison noted that “Where there is smoke there is fire. The large low-grade nickel anomalies tend to get over looked in favour of the narrower high grade nickel intersections.

However, "deposits such as Cosmos, Sinclair and Silver Swan were discovered in the proximity of these near-surface low grade disseminated sulphide occurrences which were drilled and identified long before the discovery of the high grade ore bodies.

"The massive sulphide mineralisation which occurs at the base of the ultramafic lava channel was overlooked by earlier explorers as they believed the rocks only hosted low grade mineralisation.

"Deeper drilling, smarter geological interpretations, geochemical vectors and the use of downhole geophysics lead to these discoveries. Modern nickel explorers understand the geological nickel forming process’s much better nowadays.

"We also have access to powerful tools such as geochemical analysis software and Downhole EM which was not around before the late 1990’s”.

MPJ is also looking at a drilling contract for part equity, which is under negotiation.
 

Analysis

The drill program is taking shape for the much heralded start of exploration at Roe Hills.  Using a new approach to exploration by MPJ's Neil Hutchison and Newexco could unlock nickel missed by previous explorers at the tenements. In short, using leading geochemical/geophysical tools provide a better probability of making a nickel sulphide discovery.

With the onset of this closely watched program, we expect the MPJ share price to move higher.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 08 Jul 2014 10:31:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137592/mining-projects-group-finds-new-nickel-sulphide-targets-to-drill-at-roe-hills-56122.html
<![CDATA[News - Mining Projects Group and Newexco progress Fraser Range nickel projects ]]> http://www.proactiveinvestors.com.au/companies/news/137591/mining-projects-group-and-newexco-progress-fraser-range-nickel-projects-55685.html Mining Projects Group's (ASX:MPJ) consultant geologists Newexco have released preliminary results from the first stage Moving Loop Electro Magnetic Survey indicating that follow up drilling is warranted at the Fraser Range East and Dingo Range projects in Western Australia.

Fraser Range East Project is near Sirius Resources’ (ASX:SIR) Nova and Bollinger nickel deposits while Dingo Range Project is near Rox Resources’ (ASX:RXL) Mt Fisher Project.

The Moving Loop Electromagnetic program was designed to test for the presence of bedrock conductors which may be associated with nickel mineralisation and to further understand geological structures.

Preliminary results have now been received from Newexco and are outlined below.

Joshua Wellisch, managing director, commented “It is early stages in the development of these recently acquired projects and it is very encouraging to have progressive results.”

The concurrent Mobile Metal Ion Soil Sampling at Fraser Range East is still to be assayed.
   
Fraser Range East Project

The first stage Moving Loop Electromagnetic survey program was conducted during May 2014 at the Balladonia Prospect within the Fraser Range East Project.

A broad anomaly has been recorded in the mid-time response of the three westernmost lines over a strike-length of 800 metres, and is open in both directions.

The large wavelength of the anomaly suggests the source is laterally extensive.

Best modelling results were achieved using three plate models with low to moderate conductance to represent the source. The plates are modelling at a depth of between 50-70 metres and the source of the anomaly is unclear as it may be related to conductive overburden or shallow bedrock responses.

Newexco have noted that more geological information could improve and constrain the interpretation, and assay results and interpretation of the MMI soil samples over the area are in progress.

Director Neil Hutchison commented: “As this is the first orientation program completed over the Fraser Range tenements we are encouraged by the effectiveness of the survey over a very small area of MPJ's tenement package.

“We await the result of the MMI soil sampling to assist in the interpretation of the anomaly so MPJ can determine the extent and most effective method for the follow-up exploration work.”

Dingo Range Project

The first stage Moving Loop Electromagnetic survey and follow-up Fixed Loop Electromagnetic survey program was carried out at the Dingo Range Project during June 2014.

The MLEM data covers 12 kilometres of strike along variably magnetic source rocks which are presently interpreted to indicate volcanic, possibly mafic/ultramafic rock beneath pervasive cover.

This indicates that the cover conditions increase in either thickness or conductivity to the northwest.

Central to the survey a number of weak anomalous responses have also been identified.

The FLEM survey covers the strongest of these which confirmed the presence of locally strong conductive cover, and modelling accurately constrained the source to surface.
 
Further weak anomalous responses were identified proximal to this source, which remain to be followed-up, however further geological information is required to put these sources in context.

The presence of conductive cover warrants a follow up drill program to establish the depth of cover, bedrock geology and determine the effectiveness of the MLEM survey.


Newexco

The work carried out by Newexco was the first stage of geophysical exploration completed on both the Fraser Range East and Dingo Range Projects.

MPJ is pleased with the quality of the work to date and the progressive results that demonstrate enhanced nickel prospectivity.

Sirius’ Nova and Bollinger nickel deposits had Newexco’s Bill Amann instrumental in their discoveries.

Newexco is now behind MPJ, with Bill Amann and Adrian Black agreeing to take shares in MPJ for their services. That shows their belief that MPJ could make a major nickel discovery in Western Australia.

Neil Hutchison will also take shares in MPJ for his services.

Neil was the geologist behind the discovery of the Windarra Nickel Project & Cerberus Nickel Deposit, and the Cosmos Nickel Project.

Together, Newexco and Neil have found most of the major modern nickel deposits made Western Australia.

Following receipt of a final report from Newexco, and the assay results from the MMI soil sampling, MPJ will establish a drilling proposal to continue exploration on both projects.


Analysis

It's early days for MPJ but it has stacked the odds in its favour by teaming with renowned nickel prospectors Bill Amann and Adrian Black.

Add Neil Hutchison, a small market cap and multiple projects adjoining major nickel discoveries and there is a recipe for success.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 18 Jun 2014 10:49:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137591/mining-projects-group-and-newexco-progress-fraser-range-nickel-projects-55685.html
<![CDATA[News - Mining Projects Group completes nickel project acquisitions and fund raising ]]> http://www.proactiveinvestors.com.au/companies/news/137590/-mining-projects-group-completes-nickel-project-acquisitions-and-fund-raising-55230.html Mining Projects Group (ASX:MPJ) has gained shareholder approvals and completed a capital raising of $392,000 before costs which will put nickel exploration in high gear.

The company has also completed its acquisition of Coal First Pty Ltd and Next Commodities Pty Ltd which hold the Dingo Range and Balladonia tenements.

Exploration pace hotting up

Newexco has completed the first stage of the Moving Loop Electro Magnetic Survey (MLEM) at MPJ’s Fraser Range East Project.

An MLEM programme will test for bedrock conductors which may be associated with nickel mineralisation.

Newexco has remobilised the geophysical crew to the Dingo Range Project near Wiluna where they have commenced a similar MLEM programme.

The MLEM programme has been designed to test for the presence of bedrock conductors which may be associated with nickel mineralisation in magnetic rocks paralleling the Camelwood/Musket Nickel trend.

News flow is expected to pick up in intensity with exploration programs underway.

 

Proactive Investors Australia is the market leader in producing news,articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 27 May 2014 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137590/-mining-projects-group-completes-nickel-project-acquisitions-and-fund-raising-55230.html
<![CDATA[News - Mining Project Group presenting at "Sydney Investor Luncheon", 28 May ]]> http://www.proactiveinvestors.com.au/companies/news/137589/mining-project-group-presenting-at-sydney-investor-luncheon-28-may-55147.html Mining Project Group’s (ASX:MPJ) shares have been on the upswing since making its foray into nickel exploration in Western Australia’s highly prospective Fraser Range.

Shares in the company are currently trading at $0.07, up 250% from its close of $0.02 on 7 March just prior to its acquiring the assets and teaming with renowned nickel prospectors Bill Amann and Adrian Black.

Proactive Investors has secured managing director Joshua Wellisch to present to investors at the upcoming "Stars in 2014 Series" Investor Forum in Sydney on 28 May 2014 why the company is next ‘nickel’ in the rough.

REGISTER HERE: DON'T MISS OUT

While establishing a presence in the Fraser Range with the Fraser Range East Project is an important step in the process, it is the support of Newexco's Amann and Black that is particularly interesting.

Amann was instrumental in the discovery of Sirius Resources’ (ASX:SIR) Nova and Bollinger nickel deposits and together with Black have now agreed to take shares in MPJ in return for their services.

This is a clear sign of their support for MPJ and its wholly-owned Fraser Range East Project, a view shared by China’s massive International Mining Inner Mongolia Geology & Minerals Group, which is looking to farm into MPJ’s tenements.

Now, MPJ is preparing to follow in the footsteps of Sirius, whose shares rocketed from $0.05 to $5 in a matter of months following its two mammoth nickel discoveries, with its first stage Moving Loop Electro Magnetic Survey (MLEM).

This has been designed to test for bedrock conductors which may be associated with nickel mineralisation.

Newexco’s Amann will use his considerable experience interpreting electromagnetics for massive nickel sulphides and the design of exploration programs in the lead up to drill programs at Talc Lake, Roe 1 and Roe 2.

These programs will target areas with the highest potential nickel sulphide prospectivity.

With its market cap. of circa $4 million, MPJ is highly leveraged to exploration success.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 22 May 2014 15:50:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137589/mining-project-group-presenting-at-sydney-investor-luncheon-28-may-55147.html
<![CDATA[News - Mining Projects Group, completes first stage survey at Fraser Range East Project ]]> http://www.proactiveinvestors.com.au/companies/news/137588/mining-projects-group-completes-first-stage-survey-at-fraser-range-east-project-54948.html Mining Projects Group (ASX: MPJ) and Newexco have completed the first stage Moving Loop Electro Magnetic Survey (MLEM) at the Fraser Range East Project in Western Australia.

Fraser Range East is located about 70 kilometres from Sirius Resources (ASX: SIR) Nova-Bollinger nickel sulphide deposit.
   
Newexco have received the geophysical data and Mobile Metal Ion (MMI) samples from the Fraser Range survey and are currently processing the data.

The MMI samples have been sent to the laboratory for analysis and the results of the survey will be reported to Mining Projects Group once processing is completed.

It has remobilised the geophysical crew to the Dingo Range Project near Wiluna, which borders Rox Resource’s Mt Fisher Project and Cullen Resource’s Mt Eureka Project, where they have commenced a similar MLEM program.

This will test for the presence of bedrock conductors which may be associated with nickel mineralisation in magnetic rocks paralleling the Camelwood/Musket Nickel trend.

Fraser Range Exploration

Mining Project Group and Newexco’s exploration in the Fraser Range is targeted at finding another Sirius Nova style nickel discovery.

It is notable that Newexco’s Bill Amann and Neil Hutchison are responsible for finding most of the major modern nickel discoveries made in Western Australia.

Amann was instrumental in discovering Nova while Hutchison was the geologist behind the discovery of the Windarra Nickel Project & Cerberus Nickel Deposit, and the Cosmos Nickel Project.

That the two are taking up a key equity position in the company in return for providing geophysical and geological services highlights their belief in the potential of its assets.

To top it off, China’s massive International Mining Inner Mongolia Geology & Minerals Group is looking to farm into MPJ’s tenements.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 14 May 2014 17:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137588/mining-projects-group-completes-first-stage-survey-at-fraser-range-east-project-54948.html
<![CDATA[News - Mining Projects Group: This Explorer Has Sirius Nickel Strength ]]> http://www.proactiveinvestors.com.au/companies/news/137587/mining-projects-group-this-explorer-has-sirius-nickel-strength-54896.html Mining Projects Group (ASX: MPJ) has aspirations to find another Sirius Nova style nickel discovery.

With the team it has on board, they may have arrived.

Sirius’ Nova and Bollinger nickel deposits had Newexco’s Bill Amann instrumental in their discoveries.

Newexco is now behind MPJ.  Newexco's Bill Amann and Adrian Black have agreed to take shares in MPJ for their services.

That shows their confidence in MPJ making a major nickel discovery in Western Australia.

Neil Hutchison will also take shares in MPJ for his services. 

Neil was the geologist behind the discovery of the Windarra Nickel Project & Cerberus Nickel Deposit, and the Cosmos Nickel Project.

Between Newexco and Neil they have found most of the major modern nickel discoveries made in Western Australia.

Sirius went from $0.05 to $5…with Newexco.  MPJ has Newexco and Neil Hutchison.

China’s massive International Mining Inner Mongolia Geology & Minerals Group also likes what they see at MPJ’s
tenements.

IMMG is looking to farm into MPJ’s tenements.  But there could be other groups wanting “in” as well...

We think we’ve found the next “nickel” in the rough.

Again, the same geophysicists that were behind Sirus’ Nova nickel discovery - Newexco have agreed to accept shares in MPJ instead of cash.

Here is what happened with Sirius (ASX:SIR). Sirius was trading unloved at $0.05 – then with two huge nickel discoveries, first Nova, then Bollinger, it became a 100 bagger, creating fortunes for those who bought in on the ground floor.

MPJ has three projects, one that has already found high grade nickel.

Fraser Range East

Newexco has commenced the first stage Moving Loop Electro Magnetic Survey (MLEM) at the 100% owned Fraser Range East Project.  This is located approximately 70km from the Nova-Bollinger Deposit.

The MLEM programme has been designed to test for the presence of bedrock conductors which may be associated with nickel mineralisation.

The program is testing for a Nova style and size conductor.  EM surveys are designed to find intrusive hosted conductive bodies in the ground.

Another Fraser Range explorer, Segue Resources found two separate ground EM conductor bodies at its Plumridge Nickel Project using the very same MLEM survey.

It has a valuation over 4 times that of MPJ.

So look at the upside in MPJ’s shares.

The proposed acquisition of the Balladonia Tenement adjoining MPJ’s existing Fraser Range East Project would expand MPJ’s total exploration area to 601.4km².

This project borders Fortescue Metals Group and Sirius Resource’s tenements located to the south-east of the Nova-Bollinger Nickel deposit.

MPJ wanted more ground at Roe Hills due to the 30km belt of ultramafic rocks, which is what you want in nickel
discoveries and approximately 50 kms North-West of Sirius’s Nova and Bollinger discoveries.

Roe Hills

Unlike other early stage nickel explorers, MPJ’s tenements have a high grade historical nickel find to their name already at Roe Hills Nickel Project located 110km east of Kalgoorlie.

Roe Hills has a 40km strike length of highly strained greenstone belt.

So it is a massive area of nickel potential.

Historical exploration at Roe Hills was completed by WMC Resources Ltd and Inco Ltd between 1995 and 2006 were targeting nickel sulphides.

Both programs consisted mostly of shallow aircore holes for geochemical identification.

Of the holes that were drilled into the fresh rock, komatiitic ultramafic rocks were intercepted as well as low grade nickel sulphide. So they didn’t find the source.

But now MPJ has combined all drilling information, existing electromagnetic data and geochemical results to vector in on zones of significance.

Talc Lake Prospect

The Talc Lake Prospect is located at the southern edge of the Roe Hills project on E28/2117 and is considered the one with the most potential of finding the next nickel discovery.  

Previous drilling for nickel sulphide mineralisation there defined three prospective ultramafic flows.

These are important as they are analogous in style to that seen at Kambalda.

There is strong encouragement to continue exploration at depth and along strike - based on historic drilling results which included:

- 0.5m at 6.15% Ni from 155.5m in RC drill hole ROE 114;
- 1.9m @1.65% Ni from 131.55m;

Significant areas of the ultramafic basal contact at Talc Lake remain untested at depth, to the north and south of high grade historic intercepts.

Now it is up to Neil Hutchison who uses what could be termed “Predictive Geology” in unearthing nickel discoveries to find where that “smoke” comes from.

As a director of MPJ, Neil will provide expert knowledge in the exploration of the Company’s portfolio.

So at Talc Lake it’s all about finding where that “smoke” came from with the nickel hits. Neil is taking a different approach than previously.

He is looking at database and geology different traverse and drill spacing, understanding the rock and the nickel:

No close space drilling but wide space drilling.

Find where source is, go deeper and use downhole EM.

To date, 3 komatiitic flows and nickeliferrous gossan outcrops have been identified. The next phase of exploration may involve, but not limited to, detailed large moving loop electromagnetics (MLEM) over significant areas of the belt to identify further conductors for drilling.

Now who better than Bill Amann of Newexco will conduct geophysical review and recommendations on final drilling programs?

So expect plenty of exploration news flow for MPJ, which moves markets in the lead up.
 
But there is also gold.

Gold was also intersected from historic drilling including 24m @1.01g/t  gold from including 2m @11g/t Au and another of 5m 13.7g/t gold from 48m.

Dingo Range Tenements

The Dingo Range Tenements include four mineral tenures comprising a total area of 326.8km². The tenements border the Rox Resource’s Mt Fisher Project and Cullen Resource’s Mt Eureka Project on both the east and West sides.

Next steps

So there is opportunity to discover massive sulphide nickel mineralisation and gold mineralisation at Roe Hills. 

Where there is smoke there is fire.

The opportunity is currently defined by three key indicators:

1. Evidence of a nickel and gold mineralising process within the Roe Hills have been confirmed;
2. Identifiable targets for nickel sulphide mineralisation have been interpreted from the electromagnetic data;
3. Geological units located under thick surface cover have not been tested

This is where Newexco’s Bill Amann comes in.  He will be involved in the lead up to drill programs at Talc Lake, Roe 1 and Roe 2.

Using his considerable experience interpreting electromagnetics for massive nickel sulphides and the design of exploration programs - which led to the recent discoveries at Spotted Quoll and Nova.

Let’s recap.

It’s no wonder that the nickel industry experts instrumental in finding most of the major nickel discoveries in Western Australia are happy to take shares in MPJ.

Staged Exploration

MPJ’s exploration program is a continuous prioritisation process, where more intensive work is to be conducted on a smaller number of progressively more prospective targets.

Currently MPJ’s aim is to systematically find drill targets, honing in on those with the highest potential nickel sulphide prospectivity.

Here is MPJ’s technical expert and nickel sulphide specialist Neil Hutchison outlining MPJ’s exploration plans and exactly how to find the next nickel discovery.

We did a double take when we first looked over the company, and compared MPJ’s market cap of $2.4 million against the other companies in the region like Segue Resources valued at $11 million.

That is 4.5 x the value of MPJ.

MPJ has multiple near term price catalysts, with a focused, progressive, and impressively organised exploration campaign that is already in progress. This campaign will evaluate and prioritise targets. As well as China's IMMG in the mix.

China’s IMMG likes what they see

Don’t forget...there is a Chinese partner sitting in the wings. As well there could be other companies looking to joint venture with MPJ – no doubt.

China’s IMMG has already signed a framework agreement which could lead to an investment and joint venture. It could be an investment in the Roe Hills (Talc Lake) and Fraser Range tenements.

The International Mining Inner Mongolia Geology & Minerals Group Co. Ltd, is a massive  Chinese corporation.

So right now is a potential opportunity to scoop up the best exploration companies at undervalued, bargain prices.

Helped along by the star commodity of the hour - nickel. 

Why Nickel?

Nickel is one of the best commodity plays at the moment. There is no doubt and one for the portfolio.

Nickel is the best performing commodity.

Nickel has climbed to US$20,925 a tonne, to a 27 month high. This is based on supply concerns.

Indonesia’s ban on unprocessed export ore has been a key behind that.

Indonesia had accounted for 18-20% of global nickel supply, shipping 41.5 million tonnes of nickel ores in the first nine months of 2013.

Rising tensions between Ukraine and Russia – with Russian President Vladimir Putin saying the country was testing its combat readiness, contrasting with claims earlier this week that it was pulling back from the Ukraine border – could add further pressure if more economic sanctions are placed on Russia, which is home to Norilsk Nickel, the biggest producer of refined nickel.

This is likely to be helped by Glencore Xstrata saying earlier this week that output from its Koniambo ferronickel plant – also in New Caledonia, was below expectation due to various factors and that forecast full-year production of 26,000 tonnes is being reviewed.

Deutsche Bank analysts have forecast that nickel could reach US$27,000 per tonne.

Investing in speculative explorers carries high risk, high return – there is simply nothing certain with these companies.

Catalysts

So MPJ is not known by many, has the expertise of those geologists that made the nickel Nova/Bollinger and other major discoveries in Western Australia, has an agreement with China’s IMMG and has a tiny tiny market cap.

As targets are refined, fieldwork commences and drilling programs draw closer, MPJ’s activities will increase, leading to potential for a market re-rating.

This exploration work should culminate in multiple, high prospectivity, drill-ready targets which is all important in current markets.

Conclusion

MPJ stands out from the herd in several key areas, particularly:

- There is a good probability of a discovery.

- Potential investment from a Chinese or other partner at a higher price than currently.

With a market cap of just $2.8 million, this tiny company has started exploration at Fraser Range East with a high impact program, high probability drilling not far away, and is located in the middle of one of the hottest nickel sulphide exploration regions in the world.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 14 May 2014 08:55:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137587/mining-projects-group-this-explorer-has-sirius-nickel-strength-54896.html
<![CDATA[News - Mining Projects Group's exploration for nickel picks up in the Fraser Range ]]> http://www.proactiveinvestors.com.au/companies/news/137586/mining-projects-groups-exploration-for-nickel-picks-up-in-the-fraser-range-54703.html Mining Projects Group's (ASX: MPJ) has kicked off at its wholly-owned Fraser Range East Project in Western Australia.

The first stage of a Moving Loop Electro Magnetic Survey (MLEM) by Newexco will test for the presence of bedrock conductors which may be associated with nickel mineralisation.

Soil samples will also be taken at all stations to conduct Mobile Metal Ion (MMI) analysis, a form of low detection soil sampling, which analyses the loosely bound ions attached to soil particles and allows for the detection of geochemical signals through cover and transported overburden.

The survey is expected to take around a week with analysis and reporting to follow, with a review of the data to be provided in the near future.

MPJ is also expanding its Fraser Range footprint, with the acquisition of the Balladonia Tenements comprising 246 square kilometres.

This will expand the company's existing Fraser Range East Project which borders Fortescue Metals Group (ASX: FMG) and Sirius Resource’s (ASX: SIR) tenements located south-east of the Nova-Bollinger Deposit.

MPJ will also acquire 100% of the Dingo Range Tenements comprising 326.8 square kilometres bordering Rox Resources' (ASX: RXL) Mt Fisher Project.


MPJ teams with Bill Amann and Adrian Black

Mining Projects Group has teamed with renowned nickel prospectors Bill Amann and Adrian Black.

Amann and Black, who will take up a key equity position in MPJ by providing geophysical and geological services in return for MPJ shares - and are behind some of Australia's biggest West Australian nickel discoveries including:

- Nova – Nickel Sulphide Deposit in 2012
- Spotted Quoll – Nickel Deposit in 2007
- Flying Fox – Nickel Deposit in 2003

In total, their company, Newexco will be issued with 29,166,667 MPJ shares at the same issue price as the recent oversubscribed capital raising for the services.

So if anybody knows anything about discovering nickel in Western Australia it is Amann and Black.


Capital raising oversubscribed

There was strong support for the recent capital raising from sophisticated and institutional investors, with the oversubscribed raising $392,000 at an issue price of $0.003 per share with two free attaching options for every three shares subscribed.


Analysis

It might only be early days for exploration at the Fraser Range East Project, but MPJ has boosted its chances of exploration success by teaming with renowned nickel prospectors Bill Amann and Adrian Black.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 05 May 2014 10:48:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137586/mining-projects-groups-exploration-for-nickel-picks-up-in-the-fraser-range-54703.html
<![CDATA[News - Mining Projects Group builds technical team with appointment of Neil Hutchison as a director ]]> http://www.proactiveinvestors.com.au/companies/news/137585/mining-projects-group-builds-technical-team-with-appointment-of-neil-hutchison-as-a-director-54345.html Mining Projects Group (ASX: MPJ) continues to build up its nickel exploration credentials with the appointment of proven mineral explorer Neil Hutchison as a non-executive director.

Hutchison will work in conjunction with Newexco Services – headed by renowned nickel prospectors Bill Amann and Adrian Black – to conduct exploration on the company’s nickel and gold portfolio in Western Australia.

He has also agreed to receive equity in consideration for additional geological services.

Hutchison joined Poseidon Nickel in 2007 as the general manager of geology, and has delineated 80,000 tonnes of remnant nickel at the historic Mt Windarra and South Windarra Mines.

During his tenure he made a significant green-fields nickel discovery only 12 months after joining Poseidon. The Cerberus Deposit was the first discovery within the Windarra Belt since 1971 and currently contains 68,000 tonnes of nickel and is growing.

As non-executive director of Pilbara Commodities he was instrumental in successfully building a portfolio of quality iron ore tenements in the Pilbara region of WA which is surrounded by major iron ore players.

Furthermore, Mr Hutchison has a proven track record as playing a key role in the discovery and delineation of ore deposits, as well as successfully bringing them through to mining as demonstrated through his involvement with the following projects:

-    Windarra Nickel Project & Cerberus Nickel Deposit, Laverton Western Australia;
-    Cosmos Nickel Project: Prospero, Tapinos, AM1-AM5 & Anomaly 1, Leinster Western Australia;
-    Bulchina Gold Mine, Sandstone Western Australia;
-    Hawkeye-Trapper Gold Deposits, Marymia Dome Western Australia; and
-    Minotaur Gold Mine, Tanami Northern Territory.

Prior to his appointment at Poseidon Mr Hutchison was the Jubilee Mines geologist conducting regional exploration, target generation, resource drill out, project reviews and evaluations, as well as managing the nickel exploration group at the highly successful Cosmos Nickel Project.

“Following the appointment of Mr Hutchison the strength of the company’s technical team in combination with our projects is unparalleled for a company of our size,” managing director Joshua Wellisch said.

Newexco

Newexco is an independent specialist geophysical and geological consulting firm based in Perth.

It is led by Amann and Black who have had extensive involvement with several significant West Australian nickel discoveries.

This include the:

- Nova – Nickel Sulphide Deposit in 2012
- Spotted Quoll – Nickel Deposit in 2007
- Flying Fox – Nickel Deposit in 2003
Newexco will be issued with 29,166,667 MPJ shares for its services.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 15 Apr 2014 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137585/mining-projects-group-builds-technical-team-with-appointment-of-neil-hutchison-as-a-director-54345.html
<![CDATA[News - Mining Projects Group capital raising oversubscribed ]]> http://www.proactiveinvestors.com.au/companies/news/137584/mining-projects-group-capital-raising-oversubscribed-54253.html Mining Projects Group (ASX: MPJ) has as expected received strong support from sophisticated and institutional investors for its placement, raising $392,000.

Proactive Investors had noted on 26 March that on the strength of backing from renowned nickel prospectors Bill Amann and Adrian Black aligning their success with stock the raising should be popular.

The oversubscribed capital raising is a pre-condition to satisfying the proposed Next Commodities, Coal First and EpiEnergy acquisitions that were announced last month.

It had previously intended to complete a capital raising of not less than $390,000 at an issue price of $0.003 per share with two free attaching options for every three shares subscribed.

Acquisitions

MPJ is acquiring 100% of the Balladonia Tenements comprising 246 square kilometres expanding MPJ’s existing Fraser Range East Project which borders Fortescue Metals Group (ASX:FMG) and Sirius Resource’s (ASX:SIR) tenements located south-east of the Nova-Bollinger Deposit.

It will also increase its interest in the existing Fraser Range East and West Projects to 100% and acquire 100% of the Dingo Range Tenements comprising 326.8 square kilometres bordering Rox Resources' (ASX:RXL) Mt Fisher Project.

Analysis

The successful placement raising $392,000 sets the stage for Mining Projects Group to complete its proposed Next Commodities, Coal First and EpiEnergy acquisitions that will position it as a major new player in Western Australia’s Fraser Range.

This is further supported by the backing of renowned nickel prospectors Bill Amann and Adrian Black who have virtually written the "playbook" on making large nickel discoveries in Western Australia including being instrumental in Sirius' Nova nickel deposit in the Fraser Range.

As previously noted, It would not take much to move Mining Projects Group’s current share price of $0.005 and slender market cap of circa $2.85 million and the acquisitions and alignment with Amann and Black are expected to be share price accretive.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 10 Apr 2014 16:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137584/mining-projects-group-capital-raising-oversubscribed-54253.html
<![CDATA[News - Mining Projects Group substantial shareholder increases stake to 8.51% ]]> http://www.proactiveinvestors.com.au/companies/news/137583/mining-projects-group-substantial-shareholder-increases-stake-to-851-54059.html Mining Projects Group (ASX: MPJ) substantial shareholder Queensland M M Pty Ltd has increased its stake in the company to 8.51% from 6.69% through an off-market acquisition.

It had on 1 April acquired 11,835,527 shares for $40,000, or an average consideration of $0.0034 per share. This increased its total shareholding to 55,310,465 shares.

The company had in late March acquired a number of tenements in the highly prospective Fraser Range in Western Australia and also teamed up with renowned nickel prospectors Bill Amann and Adrian Black, who were behind the discovery of Sirius Resources’ Nova nickel sulphide deposit.

MPJ is acquiring 100% of the Balladonia Tenements comprising 246 square kilometres, expanding its existing Fraser Range East Project which borders Fortescue Metals Group (ASX:FMG) and Sirius Resource’s (ASX:SIR) tenements located south-east of the Nova-Bollinger Deposit.

It is also increasing its interests in the existing Fraser Range East and West Projects to 100% and will acquire the Dingo Range Tenements covering 326.8 square kilometres that border Rox Resources' (ASX:RXL) Mt Fisher Project.

Amann and Black will take up a key equity position in MPJ by providing geophysical and geological services in return for MPJ shares.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 02 Apr 2014 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137583/mining-projects-group-substantial-shareholder-increases-stake-to-851-54059.html
<![CDATA[News - Mining Projects Group in Fraser Range acquisitions; brings nickel identities ]]> http://www.proactiveinvestors.com.au/companies/news/137582/mining-projects-group-in-fraser-range-acquisitions-brings-nickel-identities-53900.html Acquisitive Mining Projects Group (ASX:MPJ) has upped the ante in the prolific Fraser Range in Western Australia with project and tenement acquisitions and teaming with renowned nickel prospectors Bill Amann and Adrian Black.

This will bring MPJ out of a trading halt this morning.

Recently, MPJ entered discussions with China's International Mining Inner Mongolia Geology & Minerals Group Co.(IMMG) on MPJ's Roe Hills Project in the Fraser Range - so there is big end of town backing for MPJ.

Now Bill Amann and Adrian Black, who will take up a key equity position in MPJ by providing geophysical and geological services in return for MPJ shares - are behind some of Australia's biggest West Australian nickel discoveries including:

- Nova – Nickel Sulphide Deposit in 2012
- Spotted Quoll – Nickel Deposit in 2007
- Flying Fox – Nickel Deposit in 2003

In total, their company, Newexco will be issued with 29,166,667 MPJ shares at the same issue price as the proposed capital raising for the services.

So if anybody knows anything about discovering nickel in Western Australia it is Amann and Black.

Back to the acquisitions today.

- MPJ will acquire 100% of the Balladonia Tenements comprising 246km² expanding MPJ’s existing Fraser Range East Project which borders Fortescue Metals Group (ASX:FMG) and Sirius Resource’s (ASX:SIR) tenements located south-east of the Nova-Bollinger Deposit.

- MPJ will increase the interest of MPJ’s existing Fraser Range East and West Projects to 100%.

- MPJ will acquire 100% of the Dingo Range Tenements comprising 326.8km² bordering Rox Resources' (ASX:RXL) Mt Fisher Project.

Capital raising

MPJ will look to bed down a capital raising of $390,000 to institutional and sophisticated investors, but on the strength of the backing of Bill Amann and Adrian Black aligning their success with stock the raising should be popular.

The capital raising is proposed at an issue price of $0.003 per ordinary MPJ share and 2 free attaching MPJO options for every 3 ordinary shares subscribed.

Conditions

The transaction is conditional upon the successful completion of a capital raising, due diligence and the engagement of Newexco Services Pty Ltd to conduct geophysical and geological services in return for MPJ shares.

The acquisitions, the issue of shares to Newexco and the capital raising are also subject to shareholder and all required regulatory approvals.

Managing director Joshua Wellisch said: “The proposed acquisitions are a significant expansion to our existing nickel and gold portfolio of projects in Western Australia.

"The engagement of Newexco and its agreement to accept equity in return for services is extremely encouraging given their extensive involvement with several major nickel discoveries in the region.

"We are also pleased by the indicative support received from new strategic institutional investors to the proposed capital raising and will seek to secure formal commitments to the capital raising in the coming weeks.

"In addition we are continuing the progression of discussions with ‘IMMG’ on the Roe Hills Project as previously announced and look forward to providing updates on all projects in due course.”

Fraser Range East Project and Balladonia Tenement

The proposed acquisition of the Balladonia Tenement actually adjoins MPJ’s existing Fraser Range East Project would expand MPJ’s total exploration area to 601.4km².

This project borders Fortescue Metals Group and Sirius Resource’s tenements located to the south-east of the Nova-Bollinger Nickel deposit.

Dingo Range Tenements

The Dingo Range Tenements include four mineral tenures comprise a total area of 326.8km². The tenements border the Rox Resource’s Mt Fisher Project and Cullen Resource’s (ASX:CUL) Mt Eureka Project on both the east and West sides.

Key Terms of Proposed Acquisitions

- The acquisition of Next Commodities for consideration satisfied through the issue of an aggregate of 100 million ordinary MPJ shares and 25 million MPJO options to the Next Commodities vendors (being the shareholders of Next Commodities).

- In addition, MPJ will grant the Next Commodities vendors a right to an aggregate 1.5% net smelter royalty from any production achieved from the Balladonia Tenement.

- The acquisition of Coal First for consideration satisfied through the issue of an aggregate of 100 million ordinary MPJ shares and 25 million MPJO options to the Coal First vendors (being the shareholders of Coal First). In addition, MPJ will grant the Coal First vendors a right to an aggregate 1.5% net smelter royalty from any production achieved from the Dingo Range Tenements.

- The acquisition of EpiEnergy’s remaining 30% interest in the Fraser Range Tenements in consideration of the grant of a 1.5% net smelter royalty from any production received from the Fraser Range Tenements.

In addition MPJ’s obligation to pay $200,000, being the deferred consideration due under the existing EpiEnergy Joint Venture Agreement, will be deferred until 15 July 2015.

With the exception of due diligence (which is to be completed within 30 days of the execution of the Terms Sheet) each of the conditions is to be satisfied within 60 days of the execution of the Terms Sheet.

Analysis

The acquisitions position Mining Projects Group (MPJ) as a significant new "player" in the Fraser Range, picking up prospective ground for nickel discoveries. With the added benefit of gaining renowned nickel prospectors Bill Amann and Adrian Black.

They have virtually written the "playbook" on making large nickel discoveries in Western Australia including being instrumental in Sirius' Nova nickel deposit in the Fraser Range.

So their accepting shares in MPJ aligns their interest with other investors and also demonstrates the upside they see in making a large nickel discovery on MPJ's tenement ground.

Also in the mix that shouldn't be forgotten is China's International Mining Inner Mongolia Geology & Minerals Group Co (IMMG), a significant group in its own right. IMMG sees value in MPJ's existing Roe Hills project in the Fraser Range.

It also does not hurt that the world nickel production could increasingly be under threat.

Now with MPJ trading at just at $0.004 and a slender market cap of circa $2.2 million it wouldn't take much to move this valuation. In fact, we expect the acquisitions and alignment with Bill Amann and Adrian Black to be share price accretive today.

But that is just the start. The ride could be something else.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 26 Mar 2014 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137582/mining-projects-group-in-fraser-range-acquisitions-brings-nickel-identities-53900.html
<![CDATA[News - Mining Projects Group to reveal "material transaction" in due course ]]> http://www.proactiveinvestors.com.au/companies/news/137581/mining-projects-group-to-reveal-material-transaction-in-due-course-53845.html Mining Projects Group (ASX:MPJ) will reveal the details of a "material transaction" when it emerges from a trading halt on or before Wednesday, 26 March 2014.

Previously, Mining Projects Group's primary focus was its West Australian nickel and gold exploration.

In late 2013, it had closed an agreement with the International Mining Inner Mongolia Geology & Minerals Group Co. Ltd, a Chinese corporation (IMMG) for a possible JV in the Roe Hills (Talc Lake) and Fraser Range tenements.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 24 Mar 2014 10:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137581/mining-projects-group-to-reveal-material-transaction-in-due-course-53845.html
<![CDATA[News - Mining Projects Group sees signs of massive nickel sulphides in WA, to drill priority conductor ]]> http://www.proactiveinvestors.com.au/companies/news/137580/mining-projects-group-sees-signs-of-massive-nickel-sulphides-in-wa-to-drill-priority-conductor-48397.html Mining Projects Group’s (ASX: MPJ) assaying of core cut from historical diamond drilling at the Talc Lake Prospect of its Roe Hills project in Western Australia is promising toward early drilling for massive nickel sulphides.

Drilling is being planned for October 2013 to intersect a priority 800 metre by 200 metre nickel conductor identified by geophysical modelling.

The core cutting had returned consistent background values of between 0.14% and 0.25% nickel as well as 20% and 30% MgO within a thick and fertile ultramafic komatiite unit that is indicative of the upper and central cumulative units of a komatiite flow.

The results surround the targeted olivine-rich adcumulate (dunite) lower sequence containing the high MgO grades and potentially massive nickel sulphides.

Recent geophysical modelling by Newexco Services regarding the down-hole electromagnetics (DHEM) conducted in diamond hole ORTL9 has confirmed the conductor about 100 metres from the base of the drill hole.

The company is now planning to commence additional drilling with the initial aim of extending hole ORTL9 to intersect the conductor and, depending on the portable XRF results, extend ORTL8.

This is a recommended precursor to a substantial drilling program across the entire 40 kilometre strike at the Roe Hills project.

It has submitted a Programme of Works (POW) and received approval from the Department of Mines and Petroleum for drilling within the Talc Lake Prospect.

Background

Talc Lake is located at the southern edge of the Roe Hills project on E28/2117 about 110 kilometres east of Kalgoorlie.

Previous drilling for nickel sulphide mineralisation in the area has defined three prospective ultramafic flows, analogous in style to that seen at Kambalda.

Results from drilling, including 0.5 metres at 6.15% nickel from 155 metres, have provided strong encouragement to continue exploration at depth and along strike.

The majority of past drilling activity has been focused on one isolated area surrounding ROE114, yet the optimal targets remain along strike both to the north and south and down dip of this area.

Roe Hills has a 40 kilometre strike length of highly strained greenstone belt where geological consultants HGS Australia have identified evidence of a Kambalda style Komatiite belt with significant nickel mineralisation occurring within the ultramafic rock types.

Three priority prospects with multiple exploration targets of which Talc Lake is considered to be the most prospective.

Analysis

Historical exploration at Roe Hills was completed by WMC Resources Ltd and Inco Ltd between 1995 and 2006 targeting nickel sulphides.  Importantly, of the holes that were drilled into the fresh rock, komatiitic ultramafic rocks were intercepted as well as low grade nickel sulphide.

Mining Projects has combined all drilling information, existing electromagnetic data and geochemical results to zone in on the best targets.

With drilling to commence in late October, to intersect a confirmed conductor from DHEM geophysical modelling, provides a strong risk/return metric for investors and high near term exploration potential.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 24 Sep 2013 16:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137580/mining-projects-group-sees-signs-of-massive-nickel-sulphides-in-wa-to-drill-priority-conductor-48397.html
<![CDATA[News - Mining Projects Group jets into Fraser Range Orogen, 50km from Nova discovery ]]> http://www.proactiveinvestors.com.au/companies/news/137579/mining-projects-group-jets-into-fraser-range-orogen-50km-from-nova-discovery-47794.html West-based Mining Projects Group (ASX: MPJ) will acquire a 70% interest in three granted exploration leases, where initial geophysical work indicates similarities to the Nova nickel discovery owned by Sirius Resources (ASX:SIR) in the Fraser Range in Western Australia.

The exploration leases E28/2271, E63/1594 and E69/3082, are 566km2 in total; providing MPJ with a sizeable "foot-print" in the highly prospective nickel-copper and gold province in Fraser Range.

Key terms of the deal

MPJ will pay an initial cash payment of $50,000 to Epi Energy Pty Ltd and also:

- Issue of 20 million MPJ fully paid shares and the issue of 15 million 1 cent options on formation of a JV
- Escrow (voluntary) of 12 months on the EPI shares
- A deferred cash payment of $200,000 payable before the 15th November 2013
- MPJ has a 12 month period to pay the deferred cash payment
- EPI will maintain a 30% free carry interest through to the stage of Bankable Feasibility Study

Rationale for the acquisition

A geophysicist reviewed and provided an interpretation of the regional geophysical data available on EL69/3082.

Interpretations suggest the tenement area has been intruded by a series of granites which are circular to ellipsoidal in shape and contain highly magnetic intrusive material possibly mafic to ultramafic.

The most prominent intrusion identified has been interpreted by the consultant as a significant bullseye target and is approximately 50kms to the west of the recent Nova discovery.

Whilst the independent interpretation is based on limited low resolution data, it did not provide any certainty towards defining a resource, but displayed the geological potential to host mineralisation.

This formed the basis for MPJ’s decision to move forward with the JV and commit to an exploration program to investigate the mineralisation within this tenement area.

Of note, the entire Fraser Range region is dominated by a north east fabric with strong cross cutting features interpreted to be structurally controlled.
 
The interpreted mafic/ultramafic intrusions are at the intersection of several of these structures and MPJ believes these warrants an early stage investigation to test its potential.

Next Steps

Recent nickel discoveries have been made in the Fraser Range through drilling programs following up on prospective targets identified from extensive geophysics and soil geochemistry.

This will be the process used for identifying prospective drilling targets within these exploration leases in the near future.

Analysis

The deal puts Mining Projects Group in a prime position to explore in the uber-prospective Fraser Range Orogen, with interpreted mafic/ultramafic intrusions, that would seem to bear similarities to Sirius' Nova nickel discovery.

While early days, EL69/3082's similarities to Nova opens new dimensions and upside for MPJ, and tincture of a discovery and given it is so lightly valued at just $0.06 and with a market cap. of only <$3 million, it is off to the races for MPJ.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

 

 

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Tue, 10 Sep 2013 13:43:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137579/mining-projects-group-jets-into-fraser-range-orogen-50km-from-nova-discovery-47794.html