Proactiveinvestors Australia short news

Elemental Minerals starting to catch the eye as Kola shapes up as a world class potash deposit

Thu, 24 May 2012 04:05:00 +1000

Elemental Minerals (ASX:ELM, TSX:ELM) has taken a very restrained approach to marketing itself since it started developing the project about three years ago.

PanTerra Gold transitions to gold and silver producer in the Dominican Republic

Wed, 23 May 2012 12:03:00 +1000

PanTerra Gold has taken the final major step to becoming a producer with the start of processing at its Las Lagunas Project in the Dominican Republic. The first gold pour is just days away marking the company’s transition to gold and silver producer.

Kentor Gold impresses with 53.5m at 1.08% copper at Jervois in the Northern Territory

Wed, 23 May 2012 11:54:00 +1000

The open pit mining potential of the Jervois Copper-Silver-Gold Project has moved closer to becoming a reality, after a string of new high grade near surface discoveries. This further validates the decision to fast track a Feasibility Study.

Pan Asia Corporation delivers technical and financial confidence for TCM Coal Project

Wed, 23 May 2012 10:52:00 +1000

Pan Asia’s TCM Coal Project is capable of sustaining a 1.5 million tonne per annum, 15 year operation. Current infill drilling is expected to increase the saleable tonnages from the project.

Zeta Petroleum aims to rapidly commercialise advanced Romanian gas assets

Wed, 23 May 2012 10:35:00 +1000

Freshly minted IPO Zeta Petroleum is set to fast track commercialisation of its advanced Romanian gas assets, providing a springboard for investors for value creation.

Syrah Resources intersects 288m of graphite at Balama, brings forward target date for maiden Resource

Wed, 23 May 2012 09:56:00 +1000

With the rapid progress already being made at the Balama Graphite Project by Syrah Resources, the company is now expecting to deliver a maiden Resource during 2012, much earlier than originally anticipated.

E.L. & C. Baillieu Morning Wrap; Resource plays and banks boost European stocks

Wed, 23 May 2012 08:47:00 +1000

Resource plays and banks boosted European stocks amid hopes China and the euro zone will separately act to boost economic growth. The Stoxx Europe 600 index climbed 1.9% to 244.76, its biggest gain in a month. U.S. stocks were higher as European markets closed.

Dow Jones and NASDAQ close little changed; Facebook shares continue downward spiral

Wed, 23 May 2012 08:37:00 +1000

In corporate news, Facebook’s shares continued their downward spiral on Tuesday, as investors continued to be wary of the stock’s future value after reports said that underwriters cut their revenue forecasts for the company before the IPO.

Speewah Metals agreement heralds further step in development of titanium, vanadium, iron project

Tue, 22 May 2012 15:48:00 +1000

Speewah Metals’ agreement with the Orla people marks a major step towards the development of its namesake titanium-vanadium-iron project, which hosts the largest resource of its type in Australia.

Pan Asia Corporation given A$0.80 price target in RM Research report

Tue, 22 May 2012 15:23:00 +1000

Pan Asia's focus on the TCM Project, where JORC Resources recently increased to 128.8 million tonnes of coal, has earned the company a speculative buy rating and a price target that is 450% higher than the company's current share price.

Globe Metals & Mining to focus on Kanyika Niobium Project, spin out non core assets

Tue, 22 May 2012 10:51:00 +1000

Globe Metals in a corporate restructure will now focus solely on the Kanyika Niobium Project, and spin-out all other exploration assets. The company will also provide North American's with investment opportunities in the company through a TSX listing.

E.L. & C. Baillieu Morning Wrap; Crude prices end run of losses as U.S. equities rebound

Tue, 22 May 2012 09:20:00 +1000

Crude prices rebounded Monday after ending at a nearly seven-month low in the previous session, breaking a string of losses as energy traders tracked a bounce for U.S. equities ahead of key meetings this week about Iran’s nuclear program.

Altona Mining’s Alistair Cowden discusses Finland copper production and Mt Isa economics at Forum

Mon, 21 May 2012 18:25:00 +1000

Alistair Cowden, managing director of Altona Mining, presented at the One2One Forum in Melbourne on Wednesday. Proactive Investors brings you the Question and Answers between Alistair and the audience.

Toro Energy: Environmental approval recommended for Wiluna Uranium Project

Mon, 21 May 2012 14:20:00 +1000

Emerging uranium producer Toro is one step closer to production at Wiluna following a landmark recommendation for approval from the West Australian Environmental Protection Authority, the first project to achieve this since a change of policy on uranium mining four years ago.

Globe Metals & Mining’s Mark Sumich talks Chinese funding and the upcoming DFS at One2One Forum

Mon, 21 May 2012 11:24:00 +1000

Mark Sumich, managing director of Globe Metals & Mining, presented at the One2One Forum in Melbourne on Wednesday. Proactive Investors brings you the Question and Answers between Mark and the audience.

Mutiny Gold: Is Deflector one of the best undeveloped orebodies in Australia?

Mon, 21 May 2012 11:23:00 +1000

The distribution of the gold ounces-plus results across the entire length of Deflector highlights that Mutiny does have one of the best undeveloped orebodies in Australia. Importantly - a revised resource statement is due in the September quarter 2012.

KBL Mining: Trangie Johnson talks revenue generation from Mineral Hill at One2One Forum in Melbourne

Mon, 21 May 2012 08:53:00 +1000

Trangie Johnson, chief executive officer of KBL Mining, presented at the One2One Forum in Melbourne on Wednesday. Proactive Investors brings you the Question and Answers between Trangie and the audience.

E.L. & C. Baillieu Morning Wrap; Gold futures climb erasing last week's losses

Mon, 21 May 2012 07:55:00 +1000

Gold futures climbed for a second day overnight on Friday, erasing the week's losses as investors continued to close out bets on lower prices following the 10-month lows hit earlier this week.

APPEA 2012 Conference Wrap: It's a gas world after all

Sat, 19 May 2012 08:00:00 +1000

Delegates to the annual Australian Petroleum Production & Exploration Association's Conference held in Adelaide earlier this week took home the message that Australia's energy future is very much centred around unconventional gas.

Peninsula Energy receives A$0.08 price target ahead of first uranium production in 2013

Fri, 18 May 2012 12:37:00 +1000

Peninsula Energy has received a price target of $0.08 in a recent research report, based on the company’s planned path to join the next generation of uranium producers in 2013.

NSL Consolidated achieves milestone first iron ore sales in India

Fri, 18 May 2012 10:30:00 +1000

First iron ore sales are a major milestone in NSL’s transition to production, and highlight the company’s strategy of focusing on domestic sales, to take advantage of strength in demand and prices in India.

Early indications price Facebook IPO at US$38 per share, valuing company at over US$100 billion

Fri, 18 May 2012 08:28:00 +1000

Facebook is on the verge of pricing its initial listing shares at $38 each, which would push the company’s value to over US$100 billion.

E.L. & C. Baillieu Morning Wrap; Gold futures climb as currency turmoil continues in Europe

Fri, 18 May 2012 08:16:00 +1000

Gold futures climbed, rebounding from the previous day's 10-month lows as investors closed bets on falling prices on a pause in the currency turmoil caused by Europe's debt crisis.

Tangiers Petroleum's Mark Ceglinski discusses farm in opportunities in Morocco at One2One Forum

Thu, 17 May 2012 17:29:00 +1000

Mark Ceglinski, non-executive chairman of Tangiers Petroleum, presented at the One2One Forum in Melbourne on Wednesday. Proactive Investors brings you the Question and Answers between Mark and the audience.

Breakaway Resources gains exploration upside surrounding 7.5m silver ounce Altia project

Thu, 17 May 2012 12:57:00 +1000

Breakaway Resources has gained exclusive access to three advanced exploration targets within its Altia Project where strongly anomalous copper and high grade silver has been intersected adjacent to the current 7.5 million silver ounce Resource.

IMX Resources: full ownership of the Nachingwea Nickel Project clears path to production

Thu, 17 May 2012 11:30:00 +1000

In a strategic move by IMX Resources, the company will move to take full control of the Nachingwea Nickel Project, and under single ownership, there is now a clear path to advance towards commencing nickel production.

Greenland Minerals and Energy receives broker valuation of more than five times current share price

Thu, 17 May 2012 10:08:00 +1000

Greenland Minerals and Energy’s completion of a Pre-Feasibility Study on the Kvanefjeld Project has attracted a target price of $2.25, more than five times its current share price.

E.L. & C. Baillieu Morning Wrap; Gold futures drop to 10-month low

Thu, 17 May 2012 08:36:00 +1000

Gold futures on Wednesday slumped for the 11th time in 13 trading sessions, ending at a 10-month low as worries about Europe's debt crisis and investor demand for the dollar spurred a flight from precious metals.

Dow Jones lower as Fed minutes show more easing necessary

Thu, 17 May 2012 08:19:00 +1000

U.S. equity markets closed lower again on Wednesday on the back of Federal Reserve comments more quantitative easing may be necessary to kickstart the economy.

LIVE FROM APPEA 2012: Local service providers set to benefit from overseas investment

Wed, 16 May 2012 13:26:00 +1000

Overseas investment will help create new jobs and lay the foundations for an adaptive and competitive support services industry in Australia.

Augur Resources: Wonogiri proves ability to deliver high quality marketable copper, gold concentrates

Wed, 16 May 2012 13:18:00 +1000

With the ability to produce concentrate grades of up to 21.2% copper and 90.6g/t gold, Augur has further demonstrated the potential of the Randu Kuning porphyry deposit, part of the Wonogiri project in Indonesia. It is evolving into a major gold copper project.

Continental Coal marches towards thermal coal production at Penumbra

Wed, 16 May 2012 12:11:00 +1000

Cashed up and well on the way to bringing its third thermal coal mine in South Africa into production, Continental Coal will definitely be on investors' radars. Achieving first production at Penumbra is forecast to double export thermal coal sales and group earnings in 2012.

TNG Limited: Up to 90% vanadium recovery achieved in TIVAN™ test, proving up commercial potential

Wed, 16 May 2012 11:40:00 +1000

High vanadium recoveries and purity grades up to 99% from a continuous-run pilot plant testwork program is increasing confidence in the commercial potential of both TNG's TIVAN™ process and the company's Mt Peake Project.

Toro Energy excites with uranium drill results at Theseus

Wed, 16 May 2012 11:09:00 +1000

Todays exploration results at Theseus included high grades and consistent widths. Toro's exploration project looks capable of delivering on its exploration target of 22-44 million pounds of uranium. This is in addition to the company's flagship Wiluna development project.

LIVE FROM APPEA 2012: Domestic gas reservation not the answer to rising gas prices

Wed, 16 May 2012 09:54:00 +1000

Ian Macfarlane, the Shadow Minister for Energy and Resources, proposes reserving new acreage for domestic gas production and State Governments taking part of their royalty in gas rather than cash as alternatives to gas reservation.

Horseshoe Metals delivers up to 15% visible copper mineralisation at Kumarina

Wed, 16 May 2012 09:51:00 +1000

Horseshoe Metals’ Kumarina Copper Project is certainly exhibiting all the hallmarks of a Tier 1 asset with visible copper mineralisation grades of as high as 15% being delivered from the Rinaldi Prospect.

LIVE FROM APPEA 2012: Growing interest in Australian unconventional gas, East Coast domestic gas

Wed, 16 May 2012 09:34:00 +1000

James Baulderstone, Santos’ eastern Australia vice-president, says rising gas prices has led to first ever interest by major international companies about investing in the East Coast domestic gas market.

Aphrodite Gold logs significant increase in Indicated Resources at Aphrodite Gold Project

Wed, 16 May 2012 09:33:00 +1000

Today's resource update adds to a growing story at Aphrodite, recently fuelled by a positive Scoping Study. Further RC drilling is now underway to further define the near surface resources at the Deposit.

E.L. & C. Baillieu Morning Wrap; crude futures fall on demand concerns

Wed, 16 May 2012 08:33:00 +1000

Crude futures closed below $94 a barrel on Tuesday, with traders wary over the prospects for oil demand against a backdrop of political concerns in Greece, fresh economic data from Europe and the United States and an extended rally in the dollar.

Dow closes lower, shrugs off positive U.S. economic data

Wed, 16 May 2012 08:21:00 +1000

U.S. equity markets had a short lived rally on Tuesday, wiping off gains made throughout the day to close down.