Proactiveinvestors Australia - Personal Products RSS feed http://www.proactiveinvestors.com.au Proactiveinvestors Australia - Personal Products feed en Sun, 21 Jan 2018 15:21:15 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com Newell Rubbermaid to sell Décor business http://www.proactiveinvestors.com.au/companies/news/123826/newell-rubbermaid-to-sell-dcor-business-123826.html Fri, 18 Mar 2016 02:25:00 +1100 http://www.proactiveinvestors.com.au/companies/news/123826/newell-rubbermaid-to-sell-dcor-business-123826.html Herbalife shares plummet on exaggerated growth figures http://www.proactiveinvestors.com.au/companies/news/123263/herbalife-shares-plummet-on-exaggerated-growth-figures-123263.html Fri, 04 Mar 2016 01:26:00 +1100 http://www.proactiveinvestors.com.au/companies/news/123263/herbalife-shares-plummet-on-exaggerated-growth-figures-123263.html Brokers - Estee Lauder scrubs up well http://www.proactiveinvestors.com.au/companies/news/122288/brokers-estee-lauder-scrubs-up-well-122288.html Tue, 09 Feb 2016 01:49:00 +1100 http://www.proactiveinvestors.com.au/companies/news/122288/brokers-estee-lauder-scrubs-up-well-122288.html mCig quarterly revenue surges thirteenfold http://www.proactiveinvestors.com.au/companies/news/120621/mcig-quarterly-revenue-surges-thirteenfold-120621.html Fri, 18 Dec 2015 05:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/120621/mcig-quarterly-revenue-surges-thirteenfold-120621.html Newell Rubbermaid to acquire Jarden for $13.2bn in cash and stock http://www.proactiveinvestors.com.au/companies/news/120426/newell-rubbermaid-to-acquire-jarden-for-132bn-in-cash-and-stock-120426.html Tue, 15 Dec 2015 01:08:00 +1100 http://www.proactiveinvestors.com.au/companies/news/120426/newell-rubbermaid-to-acquire-jarden-for-132bn-in-cash-and-stock-120426.html Avon soars on Citi upgrade http://www.proactiveinvestors.com.au/companies/news/119668/avon-soars-on-citi-upgrade-119668.html Wed, 25 Nov 2015 05:13:00 +1100 http://www.proactiveinvestors.com.au/companies/news/119668/avon-soars-on-citi-upgrade-119668.html MusclePharm to explore sale of its BioZone Laboratories unit http://www.proactiveinvestors.com.au/companies/news/119309/musclepharm-to-explore-sale-of-its-biozone-laboratories-unit-119309.html Wed, 18 Nov 2015 01:31:00 +1100 http://www.proactiveinvestors.com.au/companies/news/119309/musclepharm-to-explore-sale-of-its-biozone-laboratories-unit-119309.html UPDATE-Michael Kors hits 4-week high as Q2 profit, sales beat http://www.proactiveinvestors.com.au/companies/news/117070/update-michael-kors-hits-4-week-high-as-q2-profit-sales-beat-117070.html Thu, 05 Nov 2015 02:23:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117070/update-michael-kors-hits-4-week-high-as-q2-profit-sales-beat-117070.html Estee Lauder hikes dividend, posts 36% jump in Q1 profit; shares surge http://www.proactiveinvestors.com.au/companies/news/116964/estee-lauder-hikes-dividend-posts-36-jump-in-q1-profit-shares-surge-116964.html Tue, 03 Nov 2015 02:01:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116964/estee-lauder-hikes-dividend-posts-36-jump-in-q1-profit-shares-surge-116964.html Coty to purchase Brazil’s Hypermarcas for $1bn http://www.proactiveinvestors.com.au/companies/news/116960/coty-to-purchase-brazils-hypermarcas-for-1bn-116960.html Tue, 03 Nov 2015 00:49:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116960/coty-to-purchase-brazils-hypermarcas-for-1bn-116960.html Newell Rubbermaid lifts full-year sales guidance http://www.proactiveinvestors.com.au/companies/news/116893/newell-rubbermaid-lifts-full-year-sales-guidance-116893.html Sat, 31 Oct 2015 00:28:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116893/newell-rubbermaid-lifts-full-year-sales-guidance-116893.html Colgate-Palmolive's sales slip http://www.proactiveinvestors.com.au/companies/news/116883/colgate-palmolive-s-sales-slip-116883.html Fri, 30 Oct 2015 22:57:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116883/colgate-palmolive-s-sales-slip-116883.html Helen of Troy hits record high as company lifts full-year projections http://www.proactiveinvestors.com.au/companies/news/116049/helen-of-troy-hits-record-high-as-company-lifts-full-year-projections-116049.html Helen of Troy (NASDAQ:HELE) hit a fresh all-time high after the maker of Hot Tools hair stylers and Brut aftershave reported stronger-than-projected second-quarter results and raised the low end of its financial projections for the year.

Shares jumped to a record high of $104.49 before paring gains to $99.89, up 5.4%, at 10:07 a.m. in New York.

The company said in a statement late Thursday that it now projects full-year profit, less certain items, of $5.50 to $5.85 per share on revenue between $1.5bn and $1.54bn, compared with its earlier view of $5.40 to $5.85 per share on $1.49bn to $1.54bn of revenue.

For the fiscal second quarter, Helen of Troy reported a profit of $24.5mln, or $0.84 per share, up from $18.8mln, or $0.65 per share, a year earlier. 

Stripping out certain items, profit rose to $1.12 a share.

Second-quarter revenue grew 15% to $369.1 million year-over-year.

Analysts polled by Capital IQ had expected $1.02 per share on revenue of $337.7mln.

Helen of Troy was founded in 1968 as a wig shop in downtown El Paso, Texas. It has grown into a personal-care products behemoth, whose brands include Revlon, Dr. Scholl's, Vicks, Braun, Febreze and OXO.

 

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Fri, 09 Oct 2015 20:17:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116049/helen-of-troy-hits-record-high-as-company-lifts-full-year-projections-116049.html
Alexander Nubia completes C$150,000 placing: Moonrider raises stake http://www.proactiveinvestors.com.au/companies/news/117421/alexander-nubia-completes-c150000-placing-moonrider-raises-stake-117421.html Egypt-focused gold explorer Alexander Nubia (CVE:AAN) has completed its C$150,000 placing and revealed shareholder Moonrider now owns around 12.77% of the share capital.

Moonrider acquired 1.875mln shares in the issue at C$0.08 per share, increasing its previous holding by 46.88%, the firm told investors.

It now owns and controls 5.875mln Alexander shares, representing in total around 12.77% of the shares. 

On a partially diluted basis after the exercise of all of the warrants held by Moonrider, it would hold around 19.75% of the share capital, Alexander Nubia noted.

Last week, the Toronto-listed firm said the funds from the placing would be used  for working capital and corporate costs. It issued 1.875 mln shares at eight cents each.

Last month, in its interim report, the group said it had had positive recent exploration results but remained cautious on overall market conditions.

Exploration expenditures increased to C$803,624 in the six months to June 30 compared to C $305,875 in the same six months in 2014 as the firm spent funds from a private placing it said.

Overall, the net loss came in at C$991,763 compared to C$591,041 in 2014.

Alexander Nubia owns the potentially world-class Hamama gold, silver, zinc and copper project which sits on the Abu Marawat concession, along with  the Abu Marawat gold-copper mesothermal deposit. Overall, the land package is 1,027 sq km.

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Wed, 07 Oct 2015 01:23:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117421/alexander-nubia-completes-c150000-placing-moonrider-raises-stake-117421.html
Newell Rubbermaid to buy Elmer’s for $600mln http://www.proactiveinvestors.com.au/companies/news/115189/newell-rubbermaid-to-buy-elmers-for-600mln-115189.html Newell Rubbermaid (NYSE:NWL) advanced at midday after the Sharpie pen maker said it would acquire Elmer's Products Inc, owner of the popular school glue brand, for $600mln, from investment management company Berwind Corp.

Shares were trading higher 1.1% at $41.04 at 11:18 a.m. in New York, expanding this year’s gains to 8%.

The 2015 sales of Elmer's Products, which owns Elmer's Krazy Glue and X-Acto, are projected to be $240mln, Atlanta, Georgia-based Newell said in a statement on Monday.

The deal is expected to close by the end of 2015, and add to earnings and margin in 2016. 

Newell also said it plans to divest its Decor window coverings business, which includes the Levolor and Kirsch brands. The window-coverings business is expected to generate net sales of $310mln this year.

The company maintained its full-year 2015 profit and revenue forecasts as it anticipates no impact related to either the Elmer's acquisition or the planned decor divestiture.

 

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Tue, 06 Oct 2015 04:28:00 +1100 http://www.proactiveinvestors.com.au/companies/news/115189/newell-rubbermaid-to-buy-elmers-for-600mln-115189.html
Newell Rubbermaid is "walking the walk", Jefferies says http://www.proactiveinvestors.com.au/companies/news/115188/newell-rubbermaid-is-walking-the-walk-jefferies-says-115188.html Jefferies has initiated coverage on Newell Rubbermaid (NYSE:NWL) with a price target of 50 bucks, almost 10 dollars above the stock's current level.

The consumer products firm is predicted to enjoy organic sales growth of 4-5% compared to the 3-4% being enjoyed by its peers, the broker said as it issued a "buy" note on the stock.

According to Jefferies, there is a "clear line of sight" for operating margin enhancement and material scope for earnings estimates on the Street to move up.

Capital deployment should add 3-6% per annum to earnings per share (EPS) growth, according to Kevin Grundy at Jefferies.

Grundy has faith in former Unilever man Mike Polk, who moved into the hot seat four years ago, and his "growth game plan".

"We believe CEO Polk and team will continue to maximize value from what has historically been viewed by investors as a sub-par portfolio of disparate businesses," the broker said.

The company operates in five segments: Writing, Home Solutions, Tools, Commercial Products and Baby & Parenting.

The company has, according to the broker's calculations, US$2.4bn of uncommitted cash to deploy between now and fiscal 2020 (FY20), with borrowing capacity of US$3.1bn on top of that, some of which may be splashed on acquisitions, and some could be spent buying back shares.

"We also expect a sharper focus on working capital, along with the likely dissipation of cash restructuring charges, will improve NWL’s FCF [free cash flow] conversion to 100% in FY16-17 from 85% during FY12-15e," Grundy revealed.

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Tue, 29 Sep 2015 01:45:00 +1000 http://www.proactiveinvestors.com.au/companies/news/115188/newell-rubbermaid-is-walking-the-walk-jefferies-says-115188.html
Alexander Nubia ramps up exploration spend http://www.proactiveinvestors.com.au/companies/news/117420/alexander-nubia-ramps-up-exploration-spend-117420.html Egypt-focused gold explorer Alexander Nubia (CVE:AAN) has had positive exploration results recently but remains cautious on overall market conditions, it told investors in its half year report.

Exploration expenditures increased to C$803,624 in the six months to June 30 compared to C $305,875 in the same six months in 2014 as the firm spent funds from a private placing it said.

Overall, the net loss came in at C$991,763 compared to C$591,041 in 2014.

Alexander Nubia owns the potentially world-class Hamama gold, silver, zinc and copper project which sits on the Abu Marawat concession, along with  the Abu Marawat gold-copper mesothermal deposit. Overall, the land package is 1,027 sq km.

It said in the statement: "The company believes that exploration potential exists in their large and highly prospective Egyptian land package.

"Even though the company has managed to publish an initial inferred-mineral-resource estimate at the Abu Marawat deposit and has had positive initial drilling and trenching results at the Hamama deposit during 2012 and 2014, positive sampling results at the Bohlog and Sir Bakis Prospect and identified a 40km gold-copper mineralized trend within the Abu Marawat Concession in 2014, the continued improvement in the political and investment climate in Egypt are viewed positively by the company, though we remain cautious about the overall market conditions for mineral exploration," the company said it a statement.

 

This is because it relates to the mining firm's ability to raise funds to advance key projects in Egypt during the fiscal year.

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Tue, 01 Sep 2015 22:42:00 +1000 http://www.proactiveinvestors.com.au/companies/news/117420/alexander-nubia-ramps-up-exploration-spend-117420.html
Estee Lauder posts Q4 revenue miss on stronger dollar http://www.proactiveinvestors.com.au/companies/news/115441/estee-lauder-posts-q4-revenue-miss-on-stronger-dollar-115441.html Estee Lauder (NYSE:EL) dropped in pre-market trading after the cosmetics maker reported a lower-than-estimated 7.4% drop in its fiscal fourth-quarter revenue, and provided a weak forecast.

Shares of the New York-based company declined as much as 2.7% to US$86.48. The stock had gained 17% since the beginning of the year through the close of trading on Friday.

Net income fell to US$153.0mln, or US$0.40 per share, in three months ended June 30, from US$257.7mln, or US$0.66 per share, a year earlier; that topped the US$0.34 average estimate of 20 analysts polled by Capital IQ.

Fourth-quarter sales fell to US$2.52bn from US$2.73bn year-over-year, which trailed the Wall Street consensus of US$2.57bn.

Sales were hurt by a stronger dollar and lower demand for Clinique and Estee Lauder skin care products.

Sales in the skin care business dropped 16% to US$1.01bn, while sales in the make-up business declined 4% to US$1.02bn. Fragrance business sales climbed 9% to US$336.1mln in the quarter, while sales in hair care business rose 4% to US$139.8mln.

For the fiscal first quarter, Estee Lauder expects net earnings, including the negative impact of foreign currency translation and acquisitions, of US$0.66 to US$0.69 per share. 

The company projects first-quarter constant currency earnings of US$0.75 to US$0.78 per share. Analysts forecast earnings of US$0.81 per share.

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Tue, 18 Aug 2015 00:32:00 +1000 http://www.proactiveinvestors.com.au/companies/news/115441/estee-lauder-posts-q4-revenue-miss-on-stronger-dollar-115441.html
Alexander Nubia impressed with latest results from gold cap http://www.proactiveinvestors.com.au/companies/news/117419/alexander-nubia-impressed-with-latest-results-from-gold-cap-117419.html Toronto-listed Alexander Nubia (CVE:AAN) posted further positive results from the gold oxide cap at the Hamama project in Egypt, which, it said, showed continuity of gold and silver.

The results are from eight holes sunk at the eastern part of the cap at Hamama West.

All of them hit gold-silver mineralisation  to depths ranging from 10 metres to 45 metres true depth.

Highlights included one hole with 24 metres at 1.02 g/t (grams per ton) of the yellow metal and 90.6 g/t.

Another hit 32.6 metres at 1.37 g/t and 56.4 g/t silver, or 2.18 g/t gold equivalent.

President and chief executive Alexander Massoud told investors he was very pleased with the latest set of results.

"The drilling combined with deep trench results show excellent continuity in gold and silver grades along strike and at depth.” 

He added: “Based on these encouraging drill assays, we expanded drilling into the western area of the gold cap. We look forward to reporting the next set of drill results”.

As well as multiple gold-and-silver mineralised zones, the cap hosts several shallow-dipping copper-zinc mineralized zones. 

This set of stacked mineralized sheets extends at least 400 m along strike, with surrounding wallrock adding gold and silver grades. 

The system is open along strike and down dip, Alexander Nubia said.

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Wed, 27 May 2015 02:29:00 +1000 http://www.proactiveinvestors.com.au/companies/news/117419/alexander-nubia-impressed-with-latest-results-from-gold-cap-117419.html
Mysterious takeover offer for Avon calling http://www.proactiveinvestors.com.au/companies/news/106770/mysterious-takeover-offer-for-avon-calling-106770.html Thu, 14 May 2015 23:47:00 +1000 http://www.proactiveinvestors.com.au/companies/news/106770/mysterious-takeover-offer-for-avon-calling-106770.html Alexander Nubia's latest sampling adds to prospectivity of Hamama project http://www.proactiveinvestors.com.au/companies/news/117418/alexander-nubia-s-latest-sampling-adds-to-prospectivity-of-hamama-project-117418.html Alexander Nubia (CVE:AAN) has added new targets to the drill programme, which kicked off last month, after high grade gold and silver samples have been identified at its VMS Hamama project in Egypt.

The grab samples come from the Hamama Central and Hamama East areas, and the previously identified banded iron formation (BIF) on the main horizon.

Assays at Hamama East included oxide material averaging 0.46 g/t gold, 8.67 g/t silver, 0.85% copper and 33.29% zinc.

At Hamama Central, the assays returned an average of 0.58 g/t of yellow metal, 32.8 g/t silver, 1.06% copper and 12.59% zinc.

Alexander Massoud, president and chief executive of Alexander Nubia, said the work had further increased the prospectivity of the Hamama project.

"Also, of particular interest is the indication that the BIF along the Main Horizon contains precious and base-metal mineralisation, which represents a broader drill target not previously considered," he said.

"The results from this sampling and mapping program have added new targets to our ongoing drilling program, which is currently focused on the Oxide Gold Cap at Hamama West and the associated sulphide mineralisation directly below it.”

Drilling kicked off last month in a 20-30 hole programme, particularly aimed at investigating the oxide cap.

Massoud said then: "I believe 2015 will be a transformational year for Alexander Nubia and this drilling programme is a significant step in moving the Hamama project forward by demonstrating the depth extension, mineralisation and grade continuity of the oxide gold-cap."

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Wed, 15 Apr 2015 21:38:00 +1000 http://www.proactiveinvestors.com.au/companies/news/117418/alexander-nubia-s-latest-sampling-adds-to-prospectivity-of-hamama-project-117418.html
Alexander Nubia kicks off drill program at Hamama http://www.proactiveinvestors.com.au/companies/news/117417/alexander-nubia-kicks-off-drill-program-at-hamama-117417.html Egypt-focused Alexander Nubia (CVE:AAN) has kicked off drilling at its gold, copper, zinc and silver Hamama project, particularly aimed at investigating the oxide cap.

A rig is already on site and three holes have already been sunk. 

Between 20 and 30 dimaond holes are expected to be completed with results expected to be released later in April or early May.

Alexander Massoud, president and chief executive of the firm, told investors: "I believe 2015 will be a transformational year for Alexander Nubia and this drilling program is a significant step in moving the Hamama project forward by demonstrating the depth extension, mineralisation and grade continuity of the oxide gold-cap."

He also highlighted that a prominent feature of major VMS deposits in the Arabian-Nubian Shield (ANS) was an oxidised gold-cap and this program would go a long way in evaluating the feature.

At the Hamama West area, previous deep trenching outlined an oxidized gold-cap 900 metres along strike, with mineralisation an average of 1.90 g/t gold and 47.7 g/t silver.

In the same area, surface sampling and mapping identified a high-grade base and precious metal zone associated with the Banded Iron Formation (BIF), where one trench returned 8 metres at 6.4 g/t of gold, 231 g/t silver, 0.38% copper and 8.16% zinc. Drilling will test the zone at depth.

Massoud added that at a recent Egypt Economic Development Conference, the government delivered the clear message that it is committed to creating a pro-business and investment climate with an emphasis in supporting the mining sector. 

Hamama lies within a 40km long, northeast, gold-copper trend of the firm's Abu Marawat concession. 

It also has the Fatiri concession, from where it said it had received "sensational" assay results from the Rouh al Hadid project.

Highlight results included high-grade gold and silver, including 55.8 g/t (grams per tonne) gold and 61 g/t silver in one sample, the firm said.

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Wed, 01 Apr 2015 02:58:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117417/alexander-nubia-kicks-off-drill-program-at-hamama-117417.html
Alexander Nubia unveils "sensational' assays from Rouh al Hadid http://www.proactiveinvestors.com.au/companies/news/117416/alexander-nubia-unveils-sensational-assays-from-rouh-al-hadid-117416.html Egypt-focused Alexander Nubia (CVE:AAN) has described as "sensational" assay results from the Rouh al Hadid project at its Fatiri concession, which showed high grade copper and gold.

The site, which hosts near-surface ancient workings, was mapped and sampled last year, while a recent programme saw  39 quartz-vein samples collected.

Highlight results included high-grade gold and silver, including  55.8 g/t (grams per tonne) gold and 61 g/t silver in one sample, the firm said.

Also identified was 40.2 g/t gold and 240 g/t silver in another.

The work increased the mineral strike length by 300 metres (m) to 750m, where copper mineralisation was also identified.

Grades here included 2.33% copper and 3.53% copper from two separate samples.

Historical stockpiles of material were also found with assays from grab samples up to 84.2 g/t gold, 359 g/t silver and 0.47 % copper.

The group's president and chief executive Alexander Massoud said: "These assay results at Rouh al Hadid are sensational and validate our methodical approach to exploration.  

"Rouh al Hadid represents another exciting project that re-enforces the exceptional potential of both Abu Marawat and the Fatiri concessions."

The firms two concessions cover 2,772 sq km and contains historic workings, former mines and multiple exploration targets, including flagship projects -  Abu Marawat and Hamama. 

"This additional fieldwork has been completed whilst the company closed its recent financing and prepares to restart drilling at Hamam," said Massoud.

Rouh al Hadid, which means "soul of iron" is 70km north of the historic gold mine at Abu Zawal - another of the firm's projects - and is easily accessible by a packed gravel road that leads to a nearby granite quarry, which connects to the Sohag-Safaga four-lane highway, 40km to the south.

Earlier this month, the group brought in  C$1.05mln via a private placing to fund work, including  detailed mapping, sampling and drilling at the Hamama project, regional exploration and target generation.

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Wed, 25 Mar 2015 02:29:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117416/alexander-nubia-unveils-sensational-assays-from-rouh-al-hadid-117416.html
Alexander Nubia to raise up to $1mln to advance Egypt projects http://www.proactiveinvestors.com.au/companies/news/117415/alexander-nubia-to-raise-up-to-1mln-to-advance-egypt-projects-117415.html Egypt focused mining group Alexander Nubia (CVE:AAN) announced a non-brokered placing to raise up to C$1mln and a reduction of the number of shares in issue.

The firm is offering up to 50 million units at a price of two cents a unit and the net proceeds will be used for exploration at the Abu Marawat and Fatiri concessions as well as working capital.

That will include detailed mapping, sampling and drilling at the Hamama project, regional exploration and target generation, the firm said.

Each unit will consist of one Alexander Nubia share and one share purchase warrant, which will entitle the holder to acquire one share, the firm said.

The offer is expected to occur in tranches with the last one expected to be on or about February 27 this year, with the consolidation, or reduction, of the shares in issue expected to be completed shortly afterwards. 

That will be done on the basis of one postconsolidation common share for every five pre-consolidation common shares, which basically means shareholders will hold one share for every five they had previously.


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Wed, 28 Jan 2015 05:46:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117415/alexander-nubia-to-raise-up-to-1mln-to-advance-egypt-projects-117415.html
Alexander Nubia hails results from test work at Hamama http://www.proactiveinvestors.com.au/companies/news/117414/alexander-nubia-hails-results-from-test-work-at-hamama-117414.html Results from the first stage of metallurgical test work at Alexander Nubia’s (CVE:AAN) Hamama volcanogenic massive sulphide (VMS) deposit were “excellent” said the company.

Gold recovery rates from the direct cyanidation process ranged from 72.9% to 92.2%, and averaged 86%, with two results exceeding 90%, the Egypt-focused mining explorer announced.

The company conducted cyanide bottle roll tests – the industry-standard first stage in assessing gold recovery rates - on seven composite oxide samples.

The tests indicated the material is highly leachable, said Alexander Nubia.

The composite sample taken from deep trench T-88, which has a copper oxide zone running through it, had a lower than average gold recovery of 72.9%.

For large-scale gold recovery from the oxide cap, Alexander Nubia is considering using a heap leach operation to realise a fast capital return to finance future exploration.

Silver recovery rates ranged from 22.8% to 62.4%, and averaged 45.0%.

“Hamama continues to deliver on our expectations by providing favourable metallurgical properties of the oxidised gold cap that should be beneficial to the overall project’s viability,” said Dr John Payne, vice president of exploration at Alexander Nubia.

“Part of the next exploration programme will be to drill out the gold cap into a resource. Hamama, which is located within a 40 kilometre-long mineralised corridor, presents clear near-term value drivers along with a broader district-scale opportunity within the Abu Marawat concession,” Dr Payne said.

“Part of the next exploration programme will be to drill out the gold cap into a resource. Hamama, which is located within a 40 kilometre-long mineralised corridor, presents clear near-term value drivers along with a broader district-scale opportunity within the Abu Marawat concession,” Dr Payne said.

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Wed, 14 Jan 2015 00:11:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117414/alexander-nubia-hails-results-from-test-work-at-hamama-117414.html
Alexander Nubia pleased with work at Hamama http://www.proactiveinvestors.com.au/companies/news/117413/alexander-nubia-pleased-with-work-at-hamama-117413.html Egypt-focused mining explorer Alexander Nubia (CVE:AAN) said 2015 had started with a “positive tone” as it unveiled encouraging results from Hamama, a volcanic massive sulphide deposit, which sits on the metal rich Arabian Nubian Shield.

The latest round of work focused on the main mineralised zone of Hamama Central.

There, channel sampling of gossan, veins that come from deep underground, returned assays of six metres at 0.80 grams per tonne of gold, 49 grams of silver, 0.95% copper and 1.6% zinc.

At the same time, the company’s geologists uncovered 10 metres at 0.2% copper and six metres 0.4% copper from one trench, T-131, while trench T-125 weighed in with 14 metres at 0.3% copper.

A feature of volcanic massive sulphide deposits on the Arabian Nubian Shield is they tend to contain a copper rich-zone in the order of 1%.

“Given copper is a highly mobile mineral, these near-surface results at Hamama are an excellent step in identifying copper-rich zones at depth or laterally,” said chief executive Alexander Massoud.

In the same announcement, the firm said re-interpretation of data, mapping and sampling had discovered additional geological similarities with deposits along the Shield.

Of particular interest, it said, was a re-interpreted three-kilometre strike length of mineralisation that shares “common features” with world class VMS deposits such as Bisha, owned by Canada’s Nevsun Resources; Jabal Sayid, which is being jointly developed by Barrick and Saudi miner Ma’aden; and Hassaï, owned by Australian gold producer LaMancha.

“This exploration programme was highly successful, in addition to the geological similarities Hamama shares with other major VMS deposits, it identified a 40-kilometre regional gold-copper trend extending from Hamama to Abu Marawat, which supports the district-wide opportunity.

“2015 is starting with a very positive tone and we look forward to the next set of exploration results.”

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Wed, 07 Jan 2015 04:25:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117413/alexander-nubia-pleased-with-work-at-hamama-117413.html
Alexander Nubia upbeat on its assets and moves by Egyptian gov't http://www.proactiveinvestors.com.au/companies/news/117412/alexander-nubia-upbeat-on-its-assets-and-moves-by-egyptian-gov-t-117412.html Alexander Nubia (CVE:AAN) is upbeat on its land package and prospects as it unveiled nine month results.

The exploration company is focused on the eastern desert of Egypt on the Abu Marawat concession on the Arabian Nubian Shield, which contains its two main deposits.

Recently it has unveiled a series of positive findings from its Hamama VMS deposit.

In the statement, it said: "The company believes the continued improvement in the political environment and pending advances by the Egyptian government to address legislative bottlenecks will result in further investment interest by foreign investors.

"As the political and economic environment continues to improve, further positive developments by the Egyptian mineral resource Authority and continued positive technical results at the Fatiri and Abu Marawat concession, the company will be in a position for substantial growth."

Macro factors, however, it said,  continue to put downward pressure on the global mining sector and will be likely to continue to suppress investment interest in global exploration projects.

In keeping with a firm at this formative stage of development, it posted a loss for the nine months to end September of US$1.001mln (2013: loss of US$857,865.

Recently, it was reported that the country is bidding to attract US$10-20 mln of foreign investment in 20 projects at a conference in March next year as it continues to revive a bruised economy.

The Arabian Nubian Shield has been  under the spotlight in recent weeks with reports on a possible takeover of Nevsun, which owns 60% of the Bisha VMS mine in Eritrea.

It was reported that the London-based fund QKR Corp. was talking to the firm.

Alexander Nubia says this supports its view "on the importance and unique value-generative opportunities for explorers and investors in advancing high quality VMS deposits in the Arabian-Nubian Shield". 

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Mon, 01 Dec 2014 22:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117412/alexander-nubia-upbeat-on-its-assets-and-moves-by-egyptian-gov-t-117412.html
Alexander Nubia uncovers new high-grade lens at Hamama VMS deposit http://www.proactiveinvestors.com.au/companies/news/117411/alexander-nubia-uncovers-new-high-grade-lens-at-hamama-vms-deposit-117411.html Work by Egypt-focused explorer Alexander Nubia (CVE:AAN) continues to burnish the credentials of its Hamama volcanic massive sulphide deposit.

It has uncovered what it describes as a high-grade massive-sulphide lens.

Trench work returned eight metres of mineralisation averaging 6.4 grams per tonne of gold, 231 grams of silver, 0.38% copper and 8.16% zinc.

This intersection is ten metres above the Western VMS Horizon.

Dr John Payne, vice-president of exploration, said:  "This new discovery, with unusually high near-surface values for copper, zinc, and lead, is exciting, as it adds another positive dimension to the Hamama VMS deposit.  

"It also directs more importance on the coincident geophysical chargeability and magnetic anomaly in the proximal stratigraphic hangingwall in the Central VMS Zone."

In the same announcement Alexander Nubia said deep trenching of the the Western VMS Zone pointed to an oxidised cap of 59,000 square metres.

The average grade of the deep trenches in the oxide cap is 1.90 grams of gold, 47.7 grams of silver, 0.045 % copper, and 0.24 % zinc over an average width of 40.8 metres.

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Thu, 13 Nov 2014 00:37:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117411/alexander-nubia-uncovers-new-high-grade-lens-at-hamama-vms-deposit-117411.html
Alexander Nubia welcomes experienced exploration geologist to technical team http://www.proactiveinvestors.com.au/companies/news/117410/alexander-nubia-welcomes-experienced-exploration-geologist-to-technical-team-117410.html Alexander Nubia International (CVE:AAN) has welcomed an experienced exploration geologist to its technical team.

Danae A. Voormeij has worked with major firms such as Ivanhoe Mines and B2Gold and her successes include the grassroots discovery of Hummingbird's (LON:HUM) 2.4million ounce Tuzon gold deposit in Liberia, the firm said.

She has more than 12 years' experience in exploring for precious and base metals in developing countries, including Mongolia, Suriname, Papua New Guinea, Ethiopia, Uganda, and Nicaragua.

Alexander's chief executive Alexander Massoud said: "She brings enthusiasm, passion and a track record of success.."

He added: “The quality of our technical team combined with proven in-country expertise further distinguishes Alexander Nubia. I am looking forward to the next exploration programme and the results the team will generate.” 

The company's work programme in 2014 continues to produce very favourable results at its flagship gold-silver-zinc-copper Hamama VMS deposit in Egypt, while concurrent exploration results at the gold-vein prospects in the company’s Abu Marawat and Fatiri Concessions have also been positive.

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Wed, 05 Nov 2014 00:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117410/alexander-nubia-welcomes-experienced-exploration-geologist-to-technical-team-117410.html
Alexander Nubia welcomes mining veteran to the board http://www.proactiveinvestors.com.au/companies/news/117409/alexander-nubia-welcomes-mining-veteran-to-the-board-117409.html  

Alexander Nubia International (CVE:AAN) has appointed mining industry veteran Stuart “Tookie” Angus to its advisory board.

Angus is an independent business advisor to the mining industry who was formerly head of the Global Mining Group for Fasken Martineau.

Angus has been awarded 500,000 share options exercisable at a price of C$0.05 in the next three years.

He joins the company at a key time in its development, as the exploration work continues to expand the strike and scope of the company’s Hamama Project VMS system in Egypt, just as the economic outlook in the country is looking up, with major foreign investments underway.

“The Egyptian Government remains very supportive of the natural resource sector as a major driver of the economy. The company has recently received approval from the Egyptian Government to extend the exploration phase for the Abu Marawat and Fatiri Concessions,” the company said.

The company revealed that its work programme in 2014 continues to produce very favourable results at its flagship gold-silver-zinc-copper Hamama VMS deposit, while concurrent exploration results at the gold-vein prospects in the company’s Abu Marawat and Fatiri Concessions have also been positive.

 

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Wed, 29 Oct 2014 03:32:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117409/alexander-nubia-welcomes-mining-veteran-to-the-board-117409.html