Proactiveinvestors Australia 4DS Memory Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia 4DS Memory Ltd RSS feed en Mon, 17 Jun 2019 13:13:42 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - 4DS Memory enters key collaboration and is set to boost funds ]]> https://www.proactiveinvestors.com.au/companies/news/186527/4ds-memory-enters-key-collaboration-and-is-set-to-boost-funds-186527.html 4DS Memory Ltd (ASX:4DS) is a semiconductor development company of non-volatile memory technology.

The company has entered an agreement with imec to develop a transferrable production-compatible process flow for its Interface Switching ReRAM technology and to demonstrate this process on imec’s megabit test chip.

imec is a research and innovation hub in nanoelectronics and digital technologies.

In other news, 4DS Memory has been granted a trading halt by the ASX this morning pending details of a capital raising.

The halt will remain in place until the opening of trade on Friday 3rd November 2017, or earlier if an announcement is made to the market.

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Wed, 01 Nov 2017 10:41:00 +1100 https://www.proactiveinvestors.com.au/companies/news/186527/4ds-memory-enters-key-collaboration-and-is-set-to-boost-funds-186527.html
<![CDATA[News - 4DS Memory to reveal technical achievements ]]> https://www.proactiveinvestors.com.au/companies/news/178936/4ds-memory-to-reveal-technical-achievements-178936.html 4DS Memory (ASX:4DS) has been granted a trading halt by the ASX, pending details relating to significant technical achievements arising from the latest studies undertaken utilising 4DS’s Interface Switching ReRAM technology.

The halt will remain in place until the opening of trade on Tuesday 13th June 2017, or earlier if an announcement is made to the market.

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Thu, 08 Jun 2017 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/178936/4ds-memory-to-reveal-technical-achievements-178936.html
<![CDATA[News - 4DS Memory targeting billion dollar market with memory technology ]]> https://www.proactiveinvestors.com.au/companies/news/173422/4ds-memory-targeting-billion-dollar-market-with-memory-technology-173422.html 4DS Memory (ASX:4DS) is advancing the development of its Interface Switching resistive random access memory (IS ReRAM) cells.

The company is in the process of collecting metrics on four key characteristics: small memory cell geometries, cycling endurance, data retention and access speed.

4DS has completed analysis of cycling endurance and data retention, and is initiating access speed testing.

In order to validate and demonstrate commercial viability of a particular storage technology, all memory developers follow a very specific development process.

During this multi-step process, memory cells are scaled down, then tested for cycling endurance, data retention and access speed – essential characteristics for a functional memory technology.

The company’s IS ReRAM technology has now demonstrated that it is making significant advances in all areas.

The company is targeting a US$40 billion global market.

Further technical updates regarding the access speed testing are expected.

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Mon, 20 Feb 2017 14:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/173422/4ds-memory-targeting-billion-dollar-market-with-memory-technology-173422.html
<![CDATA[News - 4DS Memory achieves key milestone for its new technology ]]> https://www.proactiveinvestors.com.au/companies/news/169990/4ds-memory-achieves-key-milestone-for-its-new-technology-169990.html Endurance – defined as how often the state of a memory cell can be changed without failure – is an important characteristic relevant to the US$40 billion global storage-class memory market.

To be viable for storage-class memory applications, endurance needs to be highly consistent across a statistically significant number of cells and reproducible on different wafers.

4DS has now measured the endurance yield of more than 1,000 cells of five different cell sizes on two different wafers.

Importantly, more than 97% of the memory cells tested achieved the required endurance goal, significantly exceeding the target of 90% endurance yield.

In achieving the milestone, 4DS has demonstrated that it has working memory cells with a significant yield, something that is extremely relevant to memory manufacturers.

4DS has been developing its patented ReRAM, also known as Non-Filamentary ReRAM, with Western Digital Corp (NASDAQ:WDC) since July 2014 under a joint development agreement (JDA).

The JDA was renewed in July 2016 for a further 12 months and is focused on optimising scalability and endurance of ReRAM cells for the mobile and cloud gigabyte silicon storage market.

The company is now closer to proving that it has developed a commercially viable storage class memory technology.

4DS completed a heavily over-subscribed capital raising of $4 million in late October 2016.

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Tue, 06 Dec 2016 08:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169990/4ds-memory-achieves-key-milestone-for-its-new-technology-169990.html
<![CDATA[News - 4DS Memory granted an ASX trading halt ]]> https://www.proactiveinvestors.com.au/companies/news/169858/4ds-memory-granted-an-asx-trading-halt-169858.html The halt will remain in place until the opening of trade on Tuesday 6th December 2016, or earlier if an announcement is made to the market.

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Fri, 02 Dec 2016 10:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169858/4ds-memory-granted-an-asx-trading-halt-169858.html
<![CDATA[News - 4DS Memory gets ready to raise ]]> https://www.proactiveinvestors.com.au/companies/news/167526/4ds-memory-gets-ready-to-raise-167526.html The company is pending details of a capital raising.

The halt will remain in place until the opening of trade on Thursday 20th October 2016, or earlier if an announcement is made to the market.

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Tue, 18 Oct 2016 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/167526/4ds-memory-gets-ready-to-raise-167526.html
<![CDATA[News - 4DS Memory Ltd to reveal joint venture ]]> https://www.proactiveinvestors.com.au/companies/news/131272/4ds-memory-ltd-to-reveal-joint-venture-69574.html 4DS Memory Ltd (ASX:4DS) has been granted a trading halt by the ASX, with its shares placed in pre-open.

The company requested the halt pending the finalising a material announcement in relation to a Joint Development Agreement.

The halt will remain in place until the opening of trade on Tuesday 5th July 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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Fri, 01 Jul 2016 17:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/131272/4ds-memory-ltd-to-reveal-joint-venture-69574.html
<![CDATA[News - Fitzroy Resources acquiring U.S. memory technology company ]]> https://www.proactiveinvestors.com.au/companies/news/131271/fitzroy-resources-acquiring-us-memory-technology-company-63979.html Fitzroy Resources (ASX:FRY) is poised to become the next resources company to transform itself into a technology play with its agreement to acquire Silicon Valley based memory developer 4D-S.

The 2015 worldwide memory market is forecast to be worth more than US$80 billion with a compound annual growth rate of 15%.

Non-volatile memory (NVM) is the fastest growing segment of this market and today is mostly based on Flash memory, which is not advancing fast enough to scale to meet growing storage needs.

Unlisted public company 4D-S has invested US$10 million over 8 years developing next generation non-volatile ReRAM memory for mobile and cloud storage applications.

This has the potential to provide superior performance at a fraction of power costs and heat.

It is working with its partner HGST to refine consistency and scale of cells on a wafer prior to testing a full working prototype.

Fitzroy will issue 385,604,174 shares, 67,604,168 performance shares and 36,458,333 unlisted options to acquire 4D-S.

It has also received firm commitments to place 90 million FRY shares priced at $0.025 to sophisticated and professional investor clients of Forrest Capital to raise $2.25 million.

The capital raising includes oversubscriptions of up to a further 20 million shares to raise a further $500,000.

Following shareholder approval and with effect from completion of the transaction, Fitzroy proposes to change its name to 4D-S Holdings Limited and trade on the ASX as 4DS.

 

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, 13 Aug 2015 12:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/131271/fitzroy-resources-acquiring-us-memory-technology-company-63979.html
<![CDATA[News - Fitzroy Resources to reveal acquisition and capital raising ]]> https://www.proactiveinvestors.com.au/companies/news/131270/fitzroy-resources-to-reveal-acquisition-and-capital-raising-63952.html Fitzroy Resources (ASX:FRY) is preparing to divulge detail of an acquisition, along with a capital raising.

No more details have yet been outlined for the acquisition, but Fitzroy did hold a cash balance of over $1.1 million in cash at the end of June 2015.

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

The halt will remain in place until the opening of trade on Friday 14th August 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 emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 12 Aug 2015 16:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/131270/fitzroy-resources-to-reveal-acquisition-and-capital-raising-63952.html
<![CDATA[News - Fitzroy Resources to update on capital raising ]]> https://www.proactiveinvestors.com.au/companies/news/131269/fitzroy-resources-to-update-on-capital-raising-61074.html Fitzroy Resources (ASX:FRY) has been granted a trading halt by the ASX pending details in relation to the placement of rights issue shortfall and a further capital raising.

Fitzroy retains a 49% interest in the Devlin Creek copper-zinc-silver project, and has coal assets in the U.S.

The halt will remain in place until the opening of trade on Monday 9th March 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 emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 05 Mar 2015 10:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/131269/fitzroy-resources-to-update-on-capital-raising-61074.html
<![CDATA[News - Fitzroy Resources in massive sulphide hit at Develin Creek ]]> https://www.proactiveinvestors.com.au/companies/news/131268/fitzroy-resources-in-massive-sulphide-hit-at-develin-creek-59215.html Fitzroy Resources (ASX:FRY) and Zenith Minerals (ASX:ZNC) drilling has confirmed high-grade resource extensions to the Sulphide City Deposit at Develin Creek in Queensland.

New massive sulphide results include 5 metres at 2.45% copper, 2.14% zinc, 0.4 g/t gold and 30.7 g/t silver for 3.72% copper equivalent.

Other assays included 3 metres at 2.63% copper, 0.88% zinc, 0.5 g/t gold and 36.7 g/t silver for 3.58% copper equivalent.

Drilling at the Window Deposit indicates a thick sub-horizontal near surface high-grade copper zone. New results here included 37 metres at 0.98% copper, including 13 metres at 1.21% copper from 45 metres.

Fitzroy holds a 49% interest in the project; Zenith owns 51% with the right to move to 100%.

The Develin Creek base metals project hosts several copper-zinc-gold volcanic hosted massive sulphide deposits and covers an extensive belt of underexplored prospective volcanics.

Mineralisation comprises massive sulphide, stringer and breccia style copper-zinc-gold deposits, hosted by basalts.

The new drilling has confirmed that the high-grade core of the Sulphide City deposit extends a further 140 metres south of the existing JORC resource, and support results from a 2011 hole that returned 13.2 metres at 3.3% copper, 4% zinc and 0.4g/t gold.

Fitzroy is very lightly capitalised at under $1 million.

 

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 Nov 2014 16:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/131268/fitzroy-resources-in-massive-sulphide-hit-at-develin-creek-59215.html
<![CDATA[News - Fitzroy Resources, Triple Energy among ASX % Gainers intra-day ]]> https://www.proactiveinvestors.com.au/companies/news/131267/fitzroy-resources-triple-energy-among-asx-gainers-intra-day-59219.html Wednesday's leading ASX % Gainers intra-day.

CompanyCodeLastChangeVolume Fitzroy Resources FRY $0.009 125% 171,280 Echo Resources EAR $0.130 62.50% 101,072 Bligh Resources BGH $0.040 60% 72,000 Delecta Ltd DLC $0.006 50% 23,554 Citation Resources CTR $0.003 50% 2,299,999 Triple Energy TNP $0.006 50% 4,746,986 Rubicon Resources RBR $0.022 37.50% 1,063,750 Ikwezi Mining IKW $0.008 33.33% 62,500 Cassini Resources CZI $0.190 31.04% 4,294,196 Traka Resources TKL $0.030 30.44% 200,000

 

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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Wed, 26 Nov 2014 15:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/131267/fitzroy-resources-triple-energy-among-asx-gainers-intra-day-59219.html
<![CDATA[News - Fitzroy Resources finds new coal seam at West Virginia coking coal project ]]> https://www.proactiveinvestors.com.au/companies/news/131266/fitzroy-resources-finds-new-coal-seam-at-west-virginia-coking-coal-project-53210.html Fitzroy Resources (ASX: FRY) has discovered a new coal seam at its Emmaus Coking Coal Project in West Virginia from its ongoing drilling program.

West Virginia is a jurisdiction of choice for coking coal mining, with high-quality premium hard coking coal, easy access hillside mining and low capital costs for mine start-up.

Two further deep holes intersected 3 feet of the Beckley seam before confirming the presence of the Fire Creek seam (3.2 feet).

While both seams are present on adjoining properties, a mineable thickness of the Fire Creek seam had not been confirmed at Emmaus.

The company will now turn the focus of its drilling to the hillside seams of Gilbert and Douglas/Red Ash at Blackstone.

It had previously noted that historic data had confirmed the seams at Emmaus are high quality, mid-volatile hard coking coal.

Fitzroy has an option agreement to acquire Premier Coking Coal, which holds the Emmaus and Blackstone leases for US$805,000 in cash, 30 million ordinary shares and 20 million performance shares.

The leases contain prospective coal seams that outcrop on hills within the Appalachian Basin, with a short term target to commence low cost production via nearby processing facilities.

Permits already exist on property for mining, plant, refuse disposal and rail loading.

 

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 Feb 2014 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/131266/fitzroy-resources-finds-new-coal-seam-at-west-virginia-coking-coal-project-53210.html
<![CDATA[News - Fitzroy Resources confirms premium hard coking coal at U.S. projects ]]> https://www.proactiveinvestors.com.au/companies/news/131265/fitzroy-resources-confirms-premium-hard-coking-coal-at-us-projects-53100.html Fitzroy Resources (ASX:FRY)  has received final results from 2013 drilling at its Emmaus coking coal project in West Virginia, U.S.

The independent report by Cardno MM&A confirms historic data that the seams at Emmaus are high quality, mid-volatile hard coking coal.

As part of efforts to delineate a coal reserve at Emmaus and Blackstone, Fitzroy intends to commission an independent marketing study.

The study will supply information to be used as modifying factors in the conversion of any future Coal Resources to Coal Reserves, and to understand whether coal from existing seams at our future operations could be sold for premium uses.

Certain coals have characteristics that yield higher market prices to even those that hard coking coal can receive.

Fitzroy has an option agreement to acquire Premier Coking Coal, which holds the Emmaus and Blackstone leases for US$805,000 in cash, 30 million ordinary shares and 20 million performance shares.

The leases contain prospective coal seams that outcrop on hills within the Appalachian Basin, with a short term target to commence low cost production via nearby processing facilities.

Permits already exist on property for mining, plant, refuse disposal and rail loading.

The company is a focused coking coal pure play capitalised at around $4 million.

 

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 Feb 2014 11:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/131265/fitzroy-resources-confirms-premium-hard-coking-coal-at-us-projects-53100.html
<![CDATA[News - Fitzroy Resources heads to market; focus on U.S. coking coal ]]> https://www.proactiveinvestors.com.au/companies/news/131264/fitzroy-resources-heads-to-market-focus-on-us-coking-coal-51295.html Fitzroy Resources (ASX: FRY) is heading to market with a capital raising. The ASX has granted the company a trading halt this morning, with its shares placed in pre-open.

The company recently signed an option agreement to acquire 100% of Premier Coking Coal, a U.S. based coal exploration and development company.

Fitzroy has completed its due diligence program and is currently finalising the necessary work required to complete the transaction with Premier and will announce completion in due course.

The halt will remain in place until the opening of trade on Monday 23rd December 2013, 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, 19 Dec 2013 13:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/131264/fitzroy-resources-heads-to-market-focus-on-us-coking-coal-51295.html
<![CDATA[News - Fitzroy Resources extends terms of U.S. coking coal acquisition ]]> https://www.proactiveinvestors.com.au/companies/news/131263/fitzroy-resources-extends-terms-of-us-coking-coal-acquisition--51206.html Fitzroy Resources (ASX:FRY) has paid US$250,000 to extend its option to acquire Premier Coking Coal until 17 March 2014.

In August, Fitzroy signed an option agreement to acquire 100% of Premier Coking Coal, a US based coal exploration and development company.

The leases contain prospective coal seams that outcrop on hills within the Appalachian Basin that have a short term target to commence low capital expenditure production through the use of third party processing close to the property.

In accordance with the option agreement, Premier will use the funds to make the next option payment of US$250,000 to Emmaus Partners LLC.

Fitzroy has completed its due diligence program and is currently finalising the necessary work required to complete the transaction with Premier and will announce completion in due course.

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, 17 Dec 2013 09:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/131263/fitzroy-resources-extends-terms-of-us-coking-coal-acquisition--51206.html
<![CDATA[News - Fitzroy Resources intersects coking coal at West Virginia project ]]> https://www.proactiveinvestors.com.au/companies/news/131262/fitzroy-resources-intersects-coking-coal-at-west-virginia-project-50973.html Fitzroy Resources (ASX: FRY) has intersected 1.2 metres of coking coal below drainage in the last hole of its due diligence drilling at the Emmaus project in West Virginia.

The discovery of below drainage coal of mineable thickness could have a significant impact on the long term future of the project’s long-term development.

It is now discussing with Cardno MM&A, which was appointed to provide an independent technical report and a geological presence during the drill program, on how to progress future exploration.

This includes a drill program to understand the size and extents of this new discovery.

Fitzroy has an option agreement to acquire Premier Coking Coal, which holds the Emmaus, Blackstone leases and Deep Mine Permit, for US$ 805,000 in cash, 30 million ordinary shares and 20 million performance shares.

The leases contain prospective coal seams that outcrop on hills within the Appalachian Basin that have a short term target to commence low capital expenditure production through the use of third party processing close to the property.

Permits already exist on property for mining, plant, refuse disposal and rail loading.

Emmaus was last mined in the late 1990s by Virginia Crews, producing mid-volatile, hard coking coal.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Mon, 09 Dec 2013 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/131262/fitzroy-resources-intersects-coking-coal-at-west-virginia-project-50973.html
<![CDATA[News - Fitzroy Resources improves terms of U.S. coking coal project acquisition ]]> https://www.proactiveinvestors.com.au/companies/news/131261/fitzroy-resources-improves-terms-of-us-coking-coal-project-acquisition-50151.html Fitzroy Resources (ASX: FRY) has amended the terms of an option agreement to acquire hard coking coal assets in the U.S. that reduces the consideration while increasing the property area.

The company will now pay US$805,000 in cash, 30 million ordinary shares and 20 million performance shares to acquire Premier Coking Coal, which now has options to acquire the Emmaus, Blackstone leases and Deep Mine Permit in West Virginia.

This compares with the original consideration of US$1.6 million, 55 million ordinary shares and 55 million performance shares for just the Emmaus lease.

The leases contain prospective coal seams that outcrop on hills within the Appalachian Basin that have a short term target to commence low capital expenditure production through the use of third party processing close to the property.

Permits already exist on property for mining, plant, refuse disposal and rail loading.

Emmaus was last mined in the late 1990s by Virginia Crews, producing mid-volatile, hard coking coal.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Wed, 13 Nov 2013 17:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/131261/fitzroy-resources-improves-terms-of-us-coking-coal-project-acquisition-50151.html
<![CDATA[News - Fitzroy Resources looks to acquire U.S. coal project ]]> https://www.proactiveinvestors.com.au/companies/news/131260/fitzroy-resources-looks-to-acquire-us-coal-project-50003.html Fitzroy Resources (ASX: FRY) shares have been placed in pre-open after it was granted an ASX trading halt relating to its option to acquire U.S.-based Premier Coking Coal Limited.

The halt will last until the earlier of the announcement being made or the start of trading on Tuesday, 12 November 2013.

Premier is a privately owned, US registered company that holds an option to acquire the Emmaus project on the border of McDowell and Wyoming counties in West Virginia.

This covers about 4,700 acres of known hard coking coal territory in the Appalachian Basin.

Emmaus was last mined in the late 1990s by Virginia Crews, producing mid-volatile, hard coking coal.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Fri, 08 Nov 2013 17:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/131260/fitzroy-resources-looks-to-acquire-us-coal-project-50003.html
<![CDATA[News - Fitzroy Resources inks U.S. coking coal deal ]]> https://www.proactiveinvestors.com.au/companies/news/131259/fitzroy-resources-inks-us-coking-coal-deal-46708.html Fitzroy Resources (ASX:FRY) has executed an option agreement to acquire 100% of Premier Coking Coal Limited, a U.S. based, privately owned coal exploration and development company.

Premier holds an option to acquire the Emmaus project which covers 4700 acres of prime coking coal territory in the Appalachian Basin, West Virginia.

A new in-country team has been established and diligence drilling to twin historic holes is to commence within weeks.
 
Under the terms of the agreement, Fitzroy will pay $150,000 to secure the option, and will spend up to $400,000 on confirmatory work to demonstrate the commercial merit of exercising the option.

The deal propels Fitzroy into the coking coal sector in the U.S., where it believes coal will have its day given development cost advantages, and with it demand from China.

For a company with a market cap of only $1.5 million, that controls two highly prospective copper-zinc projects within Australia, and good cash position at the 30th of June, this is an interesting development.

 

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.

 

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 Aug 2013 11:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/131259/fitzroy-resources-inks-us-coking-coal-deal-46708.html
<![CDATA[News - Fitzroy Resources to reveal new project acquisition ]]> https://www.proactiveinvestors.com.au/companies/news/131258/fitzroy-resources-to-reveal-new-project-acquisition-46596.html Fitzroy Resources (ASX: FRY) is preparing to reveal details of a potential acquisition of a new resources project, with the company granted a trading halt by the ASX - with its shares placed in pre-open.

Currently the company is focused on the Rookwood project near Rockhampton in Queensland, which contains the Develin Creek Resource estimated at 1.75 million tonnes at 1.7% copper, 2.1% zinc, 8.5ppm Ag and 0.24ppm Au.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 14th August 2013.

 

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, 12 Aug 2013 08:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/131258/fitzroy-resources-to-reveal-new-project-acquisition-46596.html
<![CDATA[News - Fitzroy Resources survey confirms bedrock conductors at Rookwood ]]> https://www.proactiveinvestors.com.au/companies/news/131257/fitzroy-resources-survey-confirms-bedrock-conductors-at-rookwood-15807.html Fitzroy Resources (ASX: FRY) has completed a HELITEM survey of the company’s Rookwood Project in Queensland and will target copper lead zinc with follow-up high-powered ground geophysics next month and drilling in June.

Rookwood already has a JORC Inferred resource of; 1.75 million tonnes at 1.7% copper, 2.1% zinc and 8.5 grams per tonne (g/t) silver.

The survey covered 2,800 line kilometres and has been conductors associated with volcanogenic hosted massive sulphide mineralisation.

The company has begun geological prospecting and hand held XRF soil sampling at copper, lead, zinc and cobalt high priority targets.

The project has a footprint of 760 square kilometres and is located 70 kilometres northwest from the city of Rockhampton.

 

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Thu, 28 Apr 2011 12:35:00 +1000 https://www.proactiveinvestors.com.au/companies/news/131257/fitzroy-resources-survey-confirms-bedrock-conductors-at-rookwood-15807.html
<![CDATA[News - Fitzroy Resources intersects 13.5m massive sulphide at Rookwood Project ]]> https://www.proactiveinvestors.com.au/companies/news/131256/fitzroy-resources-intersects-135m-massive-sulphide-at-rookwood-project--15466.html Fitzroy Resources' (ASX: FRY) initial drilling at the Develin Creek deposit has returned a 13.5 metre massive sulphide intersection with indications of copper and zinc mineralisation, and goes beyond the known limits of the resource and may constitute a new lens.

Two drill holes have been completed on the edge of the Develin Creek copper zinc deposit in Queensland to provide a platform for downhole electromagnetic (EM) surveying. Processing of core and assaying is in progress.

This drilling is part of a three phase exploration program that also includes a broad ranging HELITEM survey and ongoing regional geochemical sampling.

A downhole EM survey, scheduled to be completed by the end of April, has the potential to identify additional mineralised positions at depth and away from previous drilling.

Fitzroy, which began trading on the ASX on Thursday 9 December 2010, is focussed on rapidly evaluating the Rookwood project, which contains the promising Develin Creek inferred Resource of 1.75 million tonnes (Mt) at 1.7% copper (Cu), 2.1% zinc (Zn), 8.5ppm gold (Ag) and 0.24ppm silver (Au).

Typical VHMS prospects such as Rookwood, often contain multiple ore systems, with Develin Creek the first system discovered to date in this terrain.

The smaller Glentanna project, to the south, remains in the early exploration stages, with previous drilling suggesting strong potential.

On February 2, Fitzroy made an acquisition to expand the company's tenement footprint in central Queensland. The tenement was purchased from Kangaroo Resources (ASX:KRM) for a cash consideration of A$50,000 and brings the company's combined land holding in the region to  726 square kilometres.

 

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Wed, 13 Apr 2011 12:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/131256/fitzroy-resources-intersects-135m-massive-sulphide-at-rookwood-project--15466.html
<![CDATA[News - Fitzroy Resources acquisition expands Queensland base metal footprint ]]> https://www.proactiveinvestors.com.au/companies/news/131255/fitzroy-resources-acquisition-expands-queensland-base-metal-footprint-13606.html Fitzroy Resources (ASX: FRY) has made an acquisition to expand the company's tenement footprint in central Queensland.

The tenement was purchased from Kangaroo Resources (ASX:KRM) for a cash consideration of A$50,000.

Fitzroy’s combined land holding in the region is now 726 square kilometres, with the tenements covering around 90% of the known Rookwood Volcanics which are host to the 1.75 million tonne Develin Creek copper-zinc resource.

 

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Wed, 02 Feb 2011 12:43:00 +1100 https://www.proactiveinvestors.com.au/companies/news/131255/fitzroy-resources-acquisition-expands-queensland-base-metal-footprint-13606.html
<![CDATA[News - Fitzroy Resources targeting base metals in Queensland, lists as ASX:FRY ]]> https://www.proactiveinvestors.com.au/companies/news/131254/fitzroy-resources-targeting-base-metals-in-queensland-lists-as-asxfry-12324.html After a successful IPO offering 25 million shares at $0.20 to raise $A5 million, the base metals focused Fitzroy Resources (ASX: FRY) will begin trading on the ASX on Thursday 9 December, after being admitted today, with the initial focus on the Rookwood Project and the Glentanna Project.

The Rookwood Project contains the Develin Creek Resource within an established VHMS base metal system, which the company considers to have potential for further exploration success.

Develin has an inferred JORC resource of; 1.757Mt at 1.71% copper, 2.05% zinc, 8.5ppm silver and 0.24ppm gold.

The company is ready to begin exploration almost immediately, with a number of ‘drill ready’ targets identified near Develin.

The Glentanna Project is at an earlier stage of exploration, with Fitzroy looking to immediately follow-up a drillhole which returned; 27.2m at 0.7% copper and 5.5% zinc, including 12.3m @1.2% copper and 8.9% zinc.

A total of 27,125,005 shares will be on issue when Fitzroy starts trading later this week, providing an initial market capitalisation around $5.4 million, if the shares trade at the IPO price.

 

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Mon, 06 Dec 2010 15:07:00 +1100 https://www.proactiveinvestors.com.au/companies/news/131254/fitzroy-resources-targeting-base-metals-in-queensland-lists-as-asxfry-12324.html