Proactiveinvestors Australia Impression Healthcare https://www.proactiveinvestors.com.au Proactiveinvestors Australia Impression Healthcare RSS feed en Thu, 17 Jan 2019 21:59:50 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Impression Healthcare signs deal to distribute smart mouthguard for concussion management ]]> https://www.proactiveinvestors.com.au/companies/news/212370/impression-healthcare-signs-deal-to-distribute-smart-mouthguard-for-concussion-management-212370.html Impression Healthcare Ltd (ASX:IHL) has signed a deal with Force Impact Technologies Inc to distribute Force’s clinically-validated smart mouthguard, FiTGuard, that detects athlete head impacts in sport.

The Arizona-based life science company has developed FiTGuard as an integrated solution to increase early concussion detection among athletes.

The memorandum of understanding signed between Impression and Force foresees an exclusive sales and distribution agreement.

FiTGuard

FiTGuard monitors the severity of head impacts to athletes during play and training.

Wearing the FiTGuard works to eliminate the risk that athletes remain on the field post a heavy impact event, thus reducing the risk of Second Impact Syndrome (a serious concern of sporting clubs).

Coaches, medical staff and officials will have an instant indication of the force of impact an athlete has absorbed by the transmission of a signal from the FiTGuard device embedded in the athlete’s mouthguard.

Concussion management

Impression Healthcare chief executive officer Joel Latham said: “Contact sports are very popular in the Australian, New Zealand and Hong Kong markets and an agreement with Force is an excellent opportunity to distribute a premium product that enables athletes and their teams to take control of concussion management.

“Concussion and its long term relationship with a multitude of mental disorders is increasingly gaining public attention following numerous incidences affecting major sporting celebrities.

“The FiTGuard will be marketed by our great sports ambassadors and I look forward to having further discussions with the AFL and NRL regarding the FiTGuard’s use within those codes”.

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Fri, 11 Jan 2019 16:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212370/impression-healthcare-signs-deal-to-distribute-smart-mouthguard-for-concussion-management-212370.html
<![CDATA[News - Impression Healthcare generates year-on-year sales growth of 400%, assisted by new products ]]> https://www.proactiveinvestors.com.au/companies/news/194573/impression-healthcare-generates-year-on-year-sales-growth-of-400-assisted-by-new-products-194573.html Impression Healthcare Ltd (ASX:IHL), Australia’s largest home dental impression company, generated cash sales of $437,000 for the March quarter.

Impression distributes products such as custom-fitted Gameday sports mouthguards which are not only cheaper than those fitted by a dentist, but the impressions can be completed at home.

Cash sales up 400% year-on-year

Receipts from customers are 189% greater than those achieved in the December quarter and 35% above the budgeted quarterly estimate announced in January.

Quarterly cash sales exceeded those achieved in the previous corresponding period by 400%.

Sales of the Gameday Mouthguard accelerated in the latter half of the quarter, coinciding with the commencement of the school year and sporting seasons.

Multiple revenue drivers

This rapid growth has been driven by a mix of new products and expansion of the group’s end markets, driven by investment in marketing and brand development.

Chief executive officer Matt Weston said: “Sales of all products have exceeded our budgeted forecasts and the newly-implemented call centre is generating great additional revenue opportunities daily.

“Other initiatives, such as the brand ambassador social media program, have been highly-effective at driving sales and developing our brands in a cost-effective manner.”

New products to make a valuable contribution in fiscal 2019

The significant gain in sales over the previous corresponding period highlights the accelerating economic benefit of The Knight Guard and The Sleep Guardian.

These devices assist in alleviating problems such as teeth grinding and sleep-disordered breathing.

The products were introduced in June and November of 2017, suggesting that they will make an even larger contribution in fiscal 2019.

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Tue, 10 Apr 2018 14:23:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194573/impression-healthcare-generates-year-on-year-sales-growth-of-400-assisted-by-new-products-194573.html
<![CDATA[News - Impression Healthcare signs a deal to accelerate Gameday Mouthguard sales ]]> https://www.proactiveinvestors.com.au/companies/news/191814/impression-healthcare-signs-a-deal-to-accelerate-gameday-mouthguard-sales-191814.html Impression Healthcare Ltd’s (ASX:IHL) wholly-owned subsidiary Gameday Mouthguards has executed a retail sales agreement with Zoo Sport, an Australian-branded team wear apparel provider.

Zoo has become a preferred Gameday Mouthguard supplier and will promote and sell Gameday Mouthguards, including with key Zoo Sport account holders.

Sporting clubs starting to arrange dental protection

Zoo specialises in providing custom team wear for grass roots sporting clubs and schools, predominately in Queensland, for rugby, AFL, netball, soccer, basketball, cricket, and hockey.

The group has 10 sales representatives in Queensland and 3 in New South Wales that now offer the Gameday Mouthguard as a part of their overall product offering.

Importantly, the agreement has been secured at a time when sporting clubs and schools in Queensland and New South Wales are arranging their sportswear and dental protection for the upcoming sports seasons.

Furthermore, the agreement with Zoo will be used as a template for other apparel providers in other states.

Watch @GaryAblettJnr show you how easy it is to take your own dental impression for a Custom @gameday_guards.https://t.co/NnGrjEzF1C#garyablett #geelongfc #custommouthguard #gamedaymouthguards pic.twitter.com/uuCuolIpkz

— Gameday Mouthguards (@gameday_guards) February 6, 2018

Impression is in advanced discussions for a similar arrangement with an apparel provider in Western Australia and is in early stage discussions with other providers in other states.

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Mon, 19 Feb 2018 15:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191814/impression-healthcare-signs-a-deal-to-accelerate-gameday-mouthguard-sales-191814.html
<![CDATA[News - Impression Healthcare launches custom-fitted teeth grinding guard ]]> https://www.proactiveinvestors.com.au/companies/news/179506/impression-healthcare-launches-custom-fitted-teeth-grinding-guard-179506.html Impression Healthcare (ASX:IHL) has expanded its product portfolio by adding a teeth grinding guard product to its custom-fitted dental device range.

“The Knight Guard” uses the company’s patented self-impression system and technology to deliver teeth-grinding protection to consumers.

Impression now has three products in the market including Gameday (mouthguards), Instant Teeth Whitening and The Knight Guard (teeth grinding guard).

The company has developed The Knight Guard to complement its existing brands with the same direct-to-consumer model.

This ‘disruptive’ model provides consumers with custom-fit night guards without the need to be prescribed or fitted by a dentist.

The Knight Guard is included on the register of the Therapeutic Goods Administration (TGA) with four different product types available for purchase, ranging from $129.95 to $229.95.

The Sleep Health Foundation in Australia estimates that circa 50% of the population experience occasional grinding, jaw clenching or Bruxism and 5% experience it regularly.

Impression has recently accelerated its product diversification strategy with significant advances made in product development, branding, market testing and market entry.

In 2017, the company has sold over 5,000 dental devices to date, launched teeth-whitening and now teeth-grinding protection.

An additional teeth-whitening product is expected to be launched in the coming months.

Furthermore, an offering in the anti-snoring market is in the final stages of development with plans to enter the Australian market in the second half of 2017.

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Tue, 20 Jun 2017 15:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/179506/impression-healthcare-launches-custom-fitted-teeth-grinding-guard-179506.html
<![CDATA[News - Impression Healthcare continues to expand Gameday mouthguards ]]> https://www.proactiveinvestors.com.au/companies/news/177754/impression-healthcare-continues-to-expand-gameday-mouthguards-177754.html Impression Healthcare’s (ASX:IHL) subsidiary, Gameday International has been appointed as the official supplier of mouthguards to the Queensland Rugby Union (QRU) for two years.

The agreement with the QRU significantly advances Gameday’s strategy to build trust and brand equity through partnerships with the governing bodies of Australia’s major sporting codes.

As part of the agreement, Gameday’s logo will be displayed on the QRU website and across other promotional materials.

Furthermore, Gameday will have exclusive rights to the on-ground advertising and promotion of mouthguards.

The QRU joins 11 other grass-roots sporting associations that partner with Gameday.

The growing list of associations includes NSW Rugby League, NSW Hockey, NSW Basketball, VIC Rugby League, Southern Football Netball League and Hockey Australia.

The new agreement significantly increases Gameday’s prominence in Queensland and validates the quality of its mouthguard product.

Gameday is also aiming to expand the market by advocating for mouthguards to become mandatory equipment.

The company has seen strong sales growth following the commencement of marketing for its initial product, with March 2017 quarter revenue surpassing full year revenue for 2016.

Gameday recently expanded its product offering to include home teeth whitening products, by leveraging its expertise and manufacturing capabilities in custom-fit dental devices.

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Mon, 15 May 2017 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/177754/impression-healthcare-continues-to-expand-gameday-mouthguards-177754.html
<![CDATA[News - Impression Healthcare forays into home teeth whitening ]]> https://www.proactiveinvestors.com.au/companies/news/174498/impression-healthcare-forays-into-home-teeth-whitening-174498.html Impression Healthcare (ASX:IHL) has expanded its product offering to include two home teeth whitening brands, Denti and ITV, to be launched by the end of March 2017.

Australian-made Denti home teeth whitening kits can be used to take self-impressions of a user’s mouth and receive custom made teeth whitening trays.

The kits will be manufactured using the same technology a dentist would employ to provide a patient with an at-home whitening kit.

Impression Healthcare’s consumers will have access to the company’s products both off the shelf and via an online ordering process.

The company will also market whitening gel refills for the kit and Denti branded on-the-go whitening pens.

The ITW brand will be a competitively priced at-home teeth whitening product providing consumers with custom-fit teeth whitening solutions.

Impression Healthcare’s expansion into the teeth whitening market leverages its expertise and manufacturing capabilities in custom-fit dental devices.

It introduces a completely new product offering, for which demand is expected to be less seasonal than the company’s initial product offering of custom-fit, self-impression mouthguards.

Impression Healthcare has already established a marketing reach to over 1.15 million people in Australia, to which it can directly promote its teeth whitening product range.

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Thu, 09 Mar 2017 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/174498/impression-healthcare-forays-into-home-teeth-whitening-174498.html
<![CDATA[News - Mount Magnet South Ltd updates on progress of Gameday mouthguards ]]> https://www.proactiveinvestors.com.au/companies/news/159568/mount-magnet-south-ltd-updates-on-progress-of-gameday-mouthguards-69884.html Mount Magnet South Ltd (ASX:MUM) has previously announced it will acquire Gameday International Pty Ltd in in August 2016 and it has announced a new partnership.

SportsPass Australia will promote Gameday's low-cost mouthguards.

The company will be renamed ‘Impression Healthcare Limited’.

The partnership with SportsPass will enable Gameday to promote its custom made mouthguards to Sports Pass’ 750,000 members through the provision of discounts, deals and incentives.

SportsPass, a growing member benefits platform, will receive financial incentives for the promotion and sale of Gameday’s mouthguards.

Sports Pass has partnered with over 1,000 brands and 2,000 entertainment and experience attractions, providing members with discounts and financial rebates.

This agreement follows on from Gameday’s recently announced partnerships with Hockey NSW and Hockey Victoria to promote the mouthguards to the associations’ 45,000-strong membership base.

These partnerships are aimed at validating the strength and appeal of the company’s mouthguard offerings and to strengthen its grassroots sales channel.

 

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, 19 Jul 2016 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159568/mount-magnet-south-ltd-updates-on-progress-of-gameday-mouthguards-69884.html
<![CDATA[News - Mount Magnet South to reveal material acquisition ]]> https://www.proactiveinvestors.com.au/companies/news/159566/mount-magnet-south-to-reveal-material-acquisition-66906.html Mount Magnet South (ASX:MUM) has some acquisition news on the table, with the ASX granting the company a trading halt to prepare.

The company had over $1 million in cash at the end of December 2015, as it continued to focus on the identification of new investment opportunities.

The halt will remain in place until the opening of trade on Wednesday 10th February 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 08 Feb 2016 11:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159566/mount-magnet-south-to-reveal-material-acquisition-66906.html
<![CDATA[News - Mount Magnet South progressing sale of Kirkalocka Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/159565/mount-magnet-south-progressing-sale-of-kirkalocka-gold-project-62897.html Mount Magnet South (ASX:MUM) is progressing its sale of the Kirkalocka Gold Project to Ozchina Enterprises Pty Ltd with the latter completing technical, legal and financial due diligence queries to its satisfaction.

Ozchina has further agreed to waive the condition precedent requiring MMS to negotiate a deferral of the Contingent Amount due under the Equigold Pty Ltd Asset Sale Agreement.

It has also assigned its rights and obligations under the offer to Minjar Gold Pty Ltd, which owns and operates the Minjar Gold Mine 550 kilometres northeast from Perth.

Drafting of formal sale and purchase agreements for the assets the subject of the offer is well advanced.

In May, Mount Magnet had entered into a conditional binding offer to sell the project in the Mt Magnet region of Western Australia for $1.7 million.

 

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, 12 Jun 2015 16:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159565/mount-magnet-south-progressing-sale-of-kirkalocka-gold-project-62897.html
<![CDATA[News - Mount Magnet South to bag $1.7M from Kirkalocka sale ]]> https://www.proactiveinvestors.com.au/companies/news/159564/mount-magnet-south-to-bag-17m-from-kirkalocka-sale-62150.html Mount Magnet South (ASX:MUM) has now entered into a conditional binding offer to sell the Kirkalocka Gold Project to Ozchina Enterprises Pty Ltd.

The project is located in the Mt Magnet region of Western Australia.

Mount Magnet said that it has agreed with Ozchina to extend the requirement to satisfy the conditions precedent to 21 May 2015, and now anticipates despatching notice of meeting for shareholder approval in four weeks.

Consideration includes a cash payment of A$1,700,000exGST.

Mount Magnet is now on the look-out for potential acquisitions that are drill-ready exploration projects through to advanced projects with existing resources and upside potential.

The company said all deal structures will be contemplated, from joint venture farm-in through to direct project equity or corporate acquisition.

Currently several opportunities are under review.

 

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, 05 May 2015 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159564/mount-magnet-south-to-bag-17m-from-kirkalocka-sale-62150.html
<![CDATA[News - Carajas Copper, Mount Magnet South top % Gainers intra-day ]]> https://www.proactiveinvestors.com.au/companies/news/159563/carajas-copper-mount-magnet-south-top-gainers-intra-day-62083.html Thursday's leading ASX % Gainers intra-day.

CompanyCodeLastChangeVolume Carajas Copper CJC $0.002 100% 554,740 Mount Magnet South MUM $0.003 50% 596,799 Cockatoo Coal COK $0.003 50% 1,016,666 Drummond Gold DGO $0.003 50% 47,000 Emergent Resources EMG $0.015 50% 1,487,273 Explaurum EXU $0.003 50% 838,729 Quantum Resources QUR $0.003 50% 625,000 Strategic Elements SOR $0.040 33.33% 1,322 Transaction TSN $0.004 33.33% 149,998 Aleator Energy AWD $0.004 33.33% 347,195

 

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, 30 Apr 2015 13:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159563/carajas-copper-mount-magnet-south-top-gainers-intra-day-62083.html
<![CDATA[News - ASX Noon Spiker Alert: Leader up 50% ]]> https://www.proactiveinvestors.com.au/companies/news/159562/asx-noon-spiker-alert-leader-up-50-61801.html Thursday’s ASX % Gainers at midday.

NameCodeLastChangeVolume Mount Magnet South ASX:MUM $0.003 50% 2,704,667 Acacia Coal ASX:AJC $0.003 50% 100,000 Sovereign Gold ASX:SOC $0.003 50% 4,398,727 Mirabela Nickel ASX:MBN $0.15 36.4% 8,821,903 Jcurve Solutions ASX:JCS $0.015 36.4% 300,000 Queensland Bauxite ASX:QBL $0.019 35.7% 10,086,398 Coretrack Limited ASX:CKK $0.008 33.3% 37,422,055 Antipa Minerals ASX:AZY $0.004 33.3% 150,000 Norwest Energy ASX:NWE $0.004 33.3% 4,499,999 Immuron Limited ASX:IMC $0.225 28.6% 91,027

 

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, 16 Apr 2015 14:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159562/asx-noon-spiker-alert-leader-up-50-61801.html
<![CDATA[News - Mount Magnet South to sell material asset ]]> https://www.proactiveinvestors.com.au/companies/news/159561/mount-magnet-south-to-sell-material-asset-61387.html Mount Magnet South (ASX:MUM) has been granted an ASX trading halt in relation to the sale of a material asset.

The halt will last until the earlier of the announcement being made or the start of trade on Wednesday, 25th March 2015.



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, 24 Mar 2015 15:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159561/mount-magnet-south-to-sell-material-asset-61387.html
<![CDATA[News - Mount Magnet South, Anittel Group among ASX % Gainers intra-day ]]> https://www.proactiveinvestors.com.au/companies/news/159560/mount-magnet-south-anittel-group-among-asx-gainers-intra-day-59300.html Monday’s leading % Gainers on the ASX intra-day.

NameCodeLastChangeVolume Niuminco Group ASX:NIU $0.003 50% 212,000 Mount Magnet South ASX:MUM $0.003 50% 1,000,000 Green Rock Energy ASX:GRK $0.003 50% 300,000 Terrain Minerals ASX:TMX $0.003 50% 200,000 Anittel Group ASX:AYG $0.004 33.333% 3,000,000 Ochre Group Holdings ASX:OGH $0.010 25% 14,447 Elysium Resources ASX:EYM $0.005 25% 1,075,000 Kingston Resources ASX:KSN $0.017 21.429% 588,381 Firestone Energy ASX:FSE $0.006 20% 250,000 EVZ Limited ASX:EVZ $0.027 17.391% 110,988

 

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, 01 Dec 2014 14:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159560/mount-magnet-south-anittel-group-among-asx-gainers-intra-day-59300.html
<![CDATA[News - Mount Magnet South raising $1.14 million for exploration ]]> https://www.proactiveinvestors.com.au/companies/news/159559/mount-magnet-south-raising-114-million-for-exploration-57483.html Mount Magnet South (ASX:MUM) is raising up to $1.14 million for its exploration programs, general working capital and business development.

The company has received firm commitments from sophisticated investors and its directors for a share placement of 140 million shares priced at $0.0015 each to raise $210,000.

It will also carry out a pro rata non-renounceable entitlement offer to raise a further $927,000 before costs.

The share placement and entitlement offer includes one attaching option for every two shares. These are exercisable at $0.006 expiring 31 December 2018.

In the June 2014 quarter, the company started geological field work along the Wydgee Hills / Amazon Iron Ore trend in Western Australia with a plan to generate detailed topographic data and to further research the palaeochannel morphology in the area.

In addition, detailed structural mapping has commenced in the area, with information being sourced from the previous outcrop mapping together with remote sensing imaging, including aeromagnetics and Aster imagery.

This work is focussed to assist in the interpretation of buried Channel Iron Deposits as well as determining the potential strike length, width and tonnage of haematitic horizons as previously identified in theWydgee Hills area.

At its Jumbulyer Joint Venture, the company is waiting on results from a small drill program that partner Australian Mines (ASX:AUZ) had drilled to follow-up on a weak bedrock conductor identified by surface moving loop transient electromagnetic survey.



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, 10 Sep 2014 14:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159559/mount-magnet-south-raising-114-million-for-exploration-57483.html
<![CDATA[News - Mount Magnet South farms out WA gold-copper project, to focus on gold, iron ore projects ]]> https://www.proactiveinvestors.com.au/companies/news/159558/mount-magnet-south-farms-out-wa-gold-copper-project-to-focus-on-gold-iron-ore-projects-53482.html Mount Magnet South (ASX: MUM) can now focus on its Kirkalocka Gold and Wydgee Iron Ore projects in Western Australia after farming out a 60% interest in its Jumbulyer gold-copper project to Australian Mines (ASX: AUZ).

Australian Mines is spending $1 million on exploration within an initial two year period to earn the interest and can top this up to 80% by spending an additional $2 million on exploration.

Mount Magnet will be free carried on its residual 20% interest to completion of a Pre-Feasibility Study.

Surface exploration at the Wydgee Hills Iron Project has significantly increased the known outcrop area of the iron mineralisation with multiple hematite-martite- goethite units identified with iron grades up to 62.7%.

Channel Iron Deposits also identified at Wydgee Hills with lateral extents up to several hundred metres and grades up to 60.9% iron.

 

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, 07 Mar 2014 12:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159558/mount-magnet-south-farms-out-wa-gold-copper-project-to-focus-on-gold-iron-ore-projects-53482.html
<![CDATA[News - Mount Magnet South receives $1.44M federal R&D tax refund ]]> https://www.proactiveinvestors.com.au/companies/news/159556/mount-magnet-south-receives-144m-federal-rd-tax-refund-50430.html Mount Magnet South (ASX: MUM) has received a $1.44 million tax refund from the Australian Government’s Research and Development Tax Incentive Program.

The claim is predominantly related to costs incurred in relation to studies associated with the Kirkalocka Gold Project in Western Australia.

Mount Magnet has secured all major approvals for future construction and operations at the project and has refined the mine design, mining schedule, operating costs and treatment plant engineering technical design and capital cost estimations.

Discussions are also continuing with potential financiers to ensure it is in a position to move quickly should market conditions sufficiently improve.

The company has also uncovered high grade iron mineralisation of up to 62.7% iron from surface exploration of its Wydgee Hills and Jumbulyer projects in Western Australia.

 

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, 21 Nov 2013 13:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159556/mount-magnet-south-receives-144m-federal-rd-tax-refund-50430.html
<![CDATA[News - Mount Magnet South uncovers high grade iron at Wydgee Hills, WA ]]> https://www.proactiveinvestors.com.au/companies/news/159555/mount-magnet-south-uncovers-high-grade-iron-at-wydgee-hills-wa-49928.html Mount Magnet South (ASX: MUM) has revealed extensive outcrops of high grade iron mineralisation at its Wydgee Hills and Jumbulyer projects in Western Australia.

Surface exploration at the Wydgee Hills has significantly increased the known outcrop area, with multiple hematite-geothite units identified within 12 square kilometre area and grades up to 62.7% iron.

Channel iron pisolite deposits were also confirmed at Wydgee Hills with lengths over 200 metres and grades up to 60.9% iron.
 
At Jumbulyer, goethite mineralisation has been identified over a 1.7 kilometre strike length up to 50 metres wide, with grades up to 56.6% iron.

Mount Magnet has been conducting systematic exploration for goethite-hematite iron mineralisation over a group of existing and recently acquired tenements that cover a 10 kilometres of banded iron formation at Wydgee Hills and Jumbulyer.

Primary focus has been the discovery of direct shipping ore mineralisation within the Wydgee Hills Synform Fold structure; results to date are promising for this $6 million iron and gold explorer.

 

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, 07 Nov 2013 09:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159555/mount-magnet-south-uncovers-high-grade-iron-at-wydgee-hills-wa-49928.html
<![CDATA[News - Mount Magnet South to update development of the Kirkalocka Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/159554/mount-magnet-south-to-update-development-of-the-kirkalocka-gold-project-44041.html Mount Magnet South (ASX: MUM) is preparing to announce an update on the development of the Kirkalocka Gold Project in Western Australia, with the ASX granting the company a trading halt today. Mount Magnet's shares have been placed in pre-open.

Mount Magnet is targeting gold production from Kirkalocka in 2013 at an initial rate of plus 68,000 ounces per year at an average head grade of 1.2g/t gold.

Recent highlights from Kirkalocka include an Optimised Feasibility Study which increased the life of mine and boosted the projects economics. All major regulatory approvals have been received for the project.

News pending for Kirkalocka is project finance due diligence and loan documentation.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 5th June 2013.

Mount Magnet had around $1.6 million in cash at the end of March 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, 03 Jun 2013 12:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159554/mount-magnet-south-to-update-development-of-the-kirkalocka-gold-project-44041.html
<![CDATA[News - Mount Magnet South optimised feasibility improves Kirkalocka gold project economics ]]> https://www.proactiveinvestors.com.au/companies/news/159553/mount-magnet-south-optimised-feasibility-improves-kirkalocka-gold-project-economics-40787.html Mount Magnet South (ASX:MUM) has extended the life of mine and the project economics of the Kirkalocka gold project in Western Australia following an optimised feasibility study.

The average annual metal production has increased significantly in the first three years of the project ranging from 62,000 to 75,000 ounce gold per annum with first year metal production targeting 68,000 ounce gold.

The study has also led to a significant increase in the scale of the project, with ore reserve contained metal increasing 24% to 309,000 ounce gold and improvement in the first 12 months project head grade to 1.2 grams per tonne gold.

The improvement in the first 3 years average head grade to 1.1g/t gold is also anticipated.

The study is based on the development of an open cut mining operation, the use of existing conventional carbon-in-leach gold processing plant (with an upgraded crushing circuit) with related infrastructure to mine and process 1.6 - 2.2  million tonnes per annum gold ore from defined Ore Reserves at the project.

Key financial indicators include a net cash flow (before tax) of $114.3 million with an NPV of $90.4 million resulting in an internal rate of return of 87% at a gold price of A$1,600.

The company is expecting a debt funding agreement in early second quarter of 2013, with a leading investment bank progressing with due diligence and facility documentation.

The proposed facility is likely to comprise a loan facility of up to A$20 million with a cost overrun facility of up to $3 million and a AUD gold hedging facility.

The company had a cash balance of $1.88 million at the end of last quarter.



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, 14 Mar 2013 11:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159553/mount-magnet-south-optimised-feasibility-improves-kirkalocka-gold-project-economics-40787.html
<![CDATA[News - Mount Magnet South identifies mineralised targets holding gold potential at Jumbulyer ]]> https://www.proactiveinvestors.com.au/companies/news/159552/-mount-magnet-south-identifies-mineralised-targets-holding-gold-potential-at-jumbulyer-40201.html Mount Magnet South (ASX:MUM) has identified two mineralised structures that hold potential to add higher grade gold mineralisation to its Kirkalocka gold project.

The structures were identified following the first two stages of scout drilling at the Jumbulyer project.

At the Foothills Prospect a significant high gold grade steeply plunging structure has been discovered. The structure has been defined to extend over 100m down plunge and remains open at depth and along strike.

Drilling results include 3 metres at 10 grams per tonne; 16 metres at 6.7g/t and 10 metres at 3.4g/t, among others.

At the Daveys Prospect drilling has identified a broad zone of near surface gold mineralisation over an area of 125 metres by 100 metres. The zone remains open along strike and at depth.

Results here from the Stage 2 program retuned 15 metres at 2.2g/t gold and 4 metres at 2.9g/t gold.

Further scout drilling is planned at Jumbulyer to test targets for additional higher grade gold mineralisation, along with infill drilling for resource estimation purposes.

The Stage 2 reverse circulation (RC) exploration drilling program (15 holes for a total of 1008 metres) conducted at the Daveys (M58/214) and Foothills Prospects (P58/1281) was designed to test conceptual exploration targets including existence of high gold grade trends and the untested potential along the granite- basalt contact.

The Jumbulyer Gold Project (JGP) is located approximately 15 km south west of the town of Mount Magnet and about 65 kilometres north of its Kirkalocka gold project.

Mount Magnet South is targeting start of production this year at its 100% owned Kirkalocka gold project at an initial rate of 50,000 ounces per annum.

The Company completed a feasibility study into the re-commencement of operations at KGP in April 2012 and estimates a net cash flow (before tax) of $66 million at gold price of A$1500, with an NPV of $48 million and an IRR of 55%.

To assist with the planned expenditure, the company has already mandated a leading global investment bank to provide a $20 million debt facility; $3 million cost overrun facility and gold hedging facility.

At the end of the December 2012 quarter, it had a cash balance of $1.88 million and post end of the quarter received $999,836 under the Australian Federal Government's Research and Development Tax Incentive Scheme.

 

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, 28 Feb 2013 15:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159552/-mount-magnet-south-identifies-mineralised-targets-holding-gold-potential-at-jumbulyer-40201.html
<![CDATA[News - Mount Magnet South starts second stage drilling at Western Australian gold project ]]> https://www.proactiveinvestors.com.au/companies/news/159551/mount-magnet-south-starts-second-stage-drilling-at-western-australian-gold-project-39153.html Mount Magnet South (ASX: MUM) has started a Stage 2 drilling program at its Jumbulyer tenement in Western Australia that is targeting high grade gold near surface mineralisation.

This follows on the first stage program that intersected near surface gold mineralisation in all drill holes completed within the Daveys and Foothills Prospects.

The 1,000 metre reverse circulation exploration drilling program will further test gold mineralisation targets generated from extensive mapping and sampling programs during 2012 and successfully intercepted during the first pass Stage 1 drill program.

It is expected to take up to 10 days to complete with results expected by the end of this month.

Gold mineralisation at Jumbulyer is expected to be quickly integrated into the potential mining inventory for the Kirkalocka Gold Project, which is expected to start production this year at more than 50,000 ounces per annum.

Jumbulyer is located 65 kilometres north of Kirkalocka and about 15 kilometres southwest of the town of Mount Magnet.

 

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, 05 Feb 2013 12:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159551/mount-magnet-south-starts-second-stage-drilling-at-western-australian-gold-project-39153.html
<![CDATA[News - Mount Magnet increases gold resource at Kirkalocka to 548,000 ounces ]]> https://www.proactiveinvestors.com.au/companies/news/159550/mount-magnet-increases-gold-resource-at-kirkalocka-to-548000-ounces-37270.html Mount Magnet South (ASX:MUM) has successfully converted significant portions of the mineral resource at its Kirkalocka gold project in Western Australia from Inferred to Indicated and also upped total Indicated mineral resource by 17%.

The total Indicated mineral resource now stands at 428,000 ounces, an increase of 63,000 ounces, while total Indicated and Inferred mineral resource is also up 41,000 to 548,000 ounces.

It is now targeting production next year with an initial rate of 50,000 ounces per annum.

Mount Magnet has also increased oxide mineralisation that is classified as Indicated to a total of 66,000 ounces, an increase of 97%. This type of mineralisation occurs near surface and have gold recovery rates of 95%- the highest for any ore type at the project.

The company is in the process of revising the ore reserve estimate and finalising financial results of the project, both of which are likely to be released in early first quarter of 2013.

The mineral resources have been upped after the company completed 29 holes for 1,864 metres of infill reverse circulation drilling targeting the conversion of currently classified mineral resource from inferred to indicated.

The total dataset used for the December 2012 estimate comprises 183,726 metres of reverse circulation, air core and diamond drilling.

It had completed a pre-feasibility study into the recommencement of operations at the Kirkalocka project and is now optimising the study.

It already has key infrastructure in place for the project including a 1.6-2.1 million tonnes per annum processing plant, primary and secondary crusher, gravity and carbon in pulp/leach circuits and a SAG mill, among others.

With much of the infrastructure in place, Mount Magnet is likely to have a low capes to commence operations there. It is in the processor securing a $20 million debt facility, a $3 million cost overrun facility as well as gold hedging facility.

It has also received licences and permits including project management plan for refurbish the treatment plant, vegetation clearance and DEC prescribed premise licence to operate.


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, 13 Dec 2012 10:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159550/mount-magnet-increases-gold-resource-at-kirkalocka-to-548000-ounces-37270.html
<![CDATA[News - Mount Magnet South finds more high grade surface gold ]]> https://www.proactiveinvestors.com.au/companies/news/159549/mount-magnet-south-finds-more-high-grade-surface-gold-36161.html Mount Magnet South (ASX:MUM) has encountered good widths and gold grades up to 5.3 grams per tonne gold at its Jumbulyer Project located 15 km south west of the town of Mount Magnet in mid Western Australia.

Interestingly, this may provide ore for treatment at its nearby Kirkalocka gold project.

Mount Magnet South is targeting commencement of production in late Q2 to early Q3 2013 at its 100% owned Kirkalocka Gold project. Jumbulyer is located 65 km north of the Kirkalocka Gold Project.

Initial results from a reverse circulation program showed near surface, high grade gold mineralisation at Jumbulyer.

Significantly, all drill holes intersected mineralisation, which is still open at depth.

Best results at Daveys and Foothills Prospects included;

Daveys Prospect
- 11 m at 5.3 g/t gold, from 3 m downhole
- 19 m at 1.4 g/t gold from 9 m downhole, including 6 m at 3.4 g/t Au from 12 m downhole
- 12 m at 1.8 g/t Au from surface including 3 m at 2.5 g/t Au from surface and 4 m at 2.8 g/t Au from 7 m downhole

Foothills Prospect
- 20 m @ 3 g/t Au, from 41 m downhole
- 10 m @ 1.1 g/t Au, from 12 m downhole

Background

The Jumbulyer Gold Project is accessible by the sealed Great Northern highway and the Geraldton-Mt Magnet Road.

The Jumbulyer Gold Project is also 65 km north of the Mount Magnet's Kirkalocka Gold Project.

Stage 1 exploration drilling program (total 958 m) on the Jumbulyer tenements has been completed and assay results have been returned for all holes on Daveys Prospect and for several holes on Foothills Prospect.

The exploration program was designed to test potential gold mineralisation based on targets generated from extensive surface mapping and sampling completed by the Company in 2012 and from historical exploration work.

This is the first stage of a multi staged exploration program and includes first pass assessment of Daveys (M58/214), Pantomine (M58/336) and Foothills Prospects (P58/1281) (Figure 1).

The objective of the drilling is to identify areas that may be integrated into the potential mining inventory for the Kirkalocka Gold Project.


Analysis

Today's drill results are very promising for Mount Magnet South. Certainly they further demonstrate that significant high gold grade mineralisation exists at Jumbulyer.

The results continue to support the potential for both near surface high grade, shear hosted mineralisation and larger bulk tonnage, lower gold grade-stockwork zones hosted in granite–porphyry targets at both Davey and Foothill Prospects.

Further exploration is warranted and may hold potential for multiple near surface mineralisation occurrences.

Significantly, this may be amenable for economic extraction and treatment at the company’s nearby Kirkalocka operations - planned to go into production in late Q2 to early Q3 2013.

An investment management firm was mandated to provide project loan and gold hedging facilities for the development of the Kirkalocka.

The company had cash of $3.7M at September quarter end.  With a market cap. of around $27M, Mount Magnet South is at present under the radar. Proactive Investors considers the current share price of $0.055 will not last as the company moves closer to production.

 

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Wed, 21 Nov 2012 09:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159549/mount-magnet-south-finds-more-high-grade-surface-gold-36161.html
<![CDATA[News - Mount Magnet draws more copper at Jumbulyer ]]> https://www.proactiveinvestors.com.au/companies/news/159548/mount-magnet-draws-more-copper-at-jumbulyer-35909.html Mount Magnet South (ASX:MUM) has discovered significant copper mineralisation at its Jumbulyer project in Western Australia.

The mineralisation includes a 650 metres by 500 metres wide copper anomaly, having greater than 0.1% copper, that was defined by surface mapping and rock chips of outcrop.

Individual outcrops tend to be typically less than 20 m in strike length.

Additionally, a historic reverse circulation drill hole, which was originally sampled for just gold, has been resampled for copper and silver returning 8 metres at 1.5% copper, above 0.1% cutoff and 4 metres at 2.8% copper, above 0.5% cutoff.

The RC drilling was originally drilled in 2009 by Mount Magnet and is located towards the southern portion of the current copper anomaly.

The assay results were in-line with geological logging intervals, which identified a zone of oxide copper anomalism from surface to 8 m below surface.

Elevated levels of silver are also associated with the copper mineralisation, including 13 m at 2.1 grams per tonne of silver from surface.

Further test work is likely with more surface mapping and rock chip sampling of the outcrop.

Additionally, completion of two shallow RC holes totaling 100 metres is also likely.


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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Thu, 15 Nov 2012 10:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159548/mount-magnet-draws-more-copper-at-jumbulyer-35909.html
<![CDATA[News - Mount Magnet South drills for gold in WA ]]> https://www.proactiveinvestors.com.au/companies/news/159547/mount-magnet-south-drills-for-gold-in-wa-35587.html Mount Magnet South (ASX:MUM) has broken ground to explore for gold at its Jumbulyer gold project in Western Australia.

The Stage 1 exploration drilling program, covering 1000 metres, will test potential gold mineralisation based on targets gathered from surface mapping and sampling by Mount Magnet as well as data from historical exploration work.

The first stage will include assessment of the Daveys, Pantomime and Foothills prospects, and the campaign objective is to integrate the potential gold values from these deposits to the Kirkalocka Gold Project.

Initial rock chip sampling at the Daveys prospect have returned gold mineralisation ranging from 0.9 grams per tonne to 15.3 grams per tonne. Historical production grade at Pantomime was recorded at 23 grams per tonne.

The stage 1 drilling is expected to take about 7-10 days with results likely by middle of next month.



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. ]]>
Thu, 08 Nov 2012 09:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159547/mount-magnet-south-drills-for-gold-in-wa-35587.html
<![CDATA[News - Mount Magnet South has financing plans for Kirkalocka gold project ]]> https://www.proactiveinvestors.com.au/companies/news/159546/mount-magnet-south-has-financing-plans-for-kirkalocka-gold-project-34948.html Mount Magnet South (ASX: MUM) has been granted a trading halt by the ASX this morning and placed in pre-open pending development financing plans for the Kirkalocka gold project in Western Australia.

A recent feasibility study into the re-commencement of operations at Kirkalocka demonstrated a project capable of generating significant cash flow. Financial results include an NPV of $66 million and an IRR of 72% at a gold price of A$1,600/oz.

The total resource at the Kirkalocka Gold Project is now 13.8 Mt at an average grade of 1.1 g/t Au for 506,000 ounces of gold.

The halt will last until the earlier of an announcement being made to the market or the opening of trade on Monday 29th October.

 

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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Thu, 25 Oct 2012 10:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159546/mount-magnet-south-has-financing-plans-for-kirkalocka-gold-project-34948.html
<![CDATA[News - Mount Magnet South pinpoints near surface gold targets at Jumbulyer ]]> https://www.proactiveinvestors.com.au/companies/news/159545/mount-magnet-south-pinpoints-near-surface-gold-targets-at-jumbulyer-33615.html Mount Magnet South (ASX: MUM) has identified multiple near surface gold targets along a 5 kilometre long anomaly at its Jumbulyer Gold Project in a recent surface mapping and soil and rock chip program.

The project is located 65 kilometres north of the Kirkalocka treatment plant in Western Australia.

Recent and historic work highlights potential for near surface, high grade gold mineralisation.

Mount Magnet South has recently completed a review of previous exploration activities and the first phase of prospect scale mapping and soil, rock chip and costean sampling over the Daveys, Emu West, Foothills and Pantomine Prospects within the Jumbulyer Gold Project.

The Daveys Prospect is located in the northern area of the project, and soil and rock chip sampling has identified multiple auriferous shear systems, as well as outcrops of quartz stockwork hosted in porphyry, breccia units.

Several small gold nuggets were also recovered adjacent to the aplite veins in an area where no previous exploration has been undertaken.

A review of the historical metallurgical testwork indicates the potential for around 95% recovery from the Kirkalocka treatment plant.

The Emu West Prospect is located to the north of Daveys and appears to have had minimal previous exploration on the tenement.

A north-northeast trending shear zone of over 2 kilometres in strike length was initially identified by low order magnitude pathfinder element soil results.

Mapping confirmed the location of a zone of shearing coincident with the soil anomaly, as well as multiple outcrops of strongly altered porphyry with multidirectional quartz stockwork veins with relic sulphide casts.

Assays of surface rock chip sampling of this porphyry returned 1.7 grams per tonne (g/t) gold. Niche sampling of the quartz veins within this porphyry unit returned results up to 21.2g/t gold.

Limited exploration activity has been undertaken within the Jumbulyer Gold Project area.

Previous work includes bulk sample testing at Daveys (110 tonnes at 3.2g/t gold) and reverse circulation drilling at Foothills, located in the southern area of the project, which produced better results of 16 metres at 6.7g/t gold from 9 metres and 8 metres at 3.9g/t gold from 12 metres.

A review of the previous work at Foothills has identified a series of near surface moderate gold grade targets relating to a north-northeast trending shear system.

Recent surface mapping and sampling by Mount Magnet South has also identified an outcrop of auriferous porphyry and quartz stock work veining (visible gold in veins) in an area of no previous drilling.

The Pantomine Prospect is located to the north east of Foothills and surface mapping and outcrop sampling has identified several narrow, 1 to 9 metres wide, northwest trending shears, as well as a series of cross lode structures which splay from the larger scale shears.

Some of the northwest shears were the focus of small scale, shallow underground mining activity completed during the early 1940s.

The average grade of the production was 23g/t gold from surface. Sampling of mineralised material on shaft dumps has returned niche sample gold grades up to 20g/t gold.

Mount Magnet South has planned a drill program to test key targets, scheduled for the December 2012 quarter.


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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Thu, 20 Sep 2012 08:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159545/mount-magnet-south-pinpoints-near-surface-gold-targets-at-jumbulyer-33615.html
<![CDATA[News - Mount Magnet South intercepts high grade gold outside JORC Reserve at Kirkalocka ]]> https://www.proactiveinvestors.com.au/companies/news/159544/mount-magnet-south-intercepts-high-grade-gold-outside-jorc-reserve-at-kirkalocka-29758.html Mount Magnet South (ASX: MUM) is continuing to identify high grade gold and supergene mineralisation at the company’s Kirkalocka Gold Project in Western Australia, returning further drilling results.

The most recent assays from Stage 3B drilling at Kirkalocka returned intercepts of:

- 9 metres at 6.7 grams per tonne (g/t) gold from 53 metres;
- 3 metres at 4.5g/t gold from 101 metres; and
- 8 metres at 1.9g/t gold from 49 metres.

Mineralisation remains open along strike to the north and south and at depth.

The Stage 3B drilling program also identified higher grade supergene mineralisation, up to 800 metres south of the existing ore reserve, suggesting that grades increase to the south.

These intercepts included peak results of:

- 2 metres at 12.5g/t gold from 57 metres;
- 1 metre at 10.8g/t gold from 53 metres; and
- 6 metres at 2.1g/t gold from 63 metres.

Drilling at Kirkalocka was aimed at identifying near surface gold mineralisation outside the existing resources.

Kirkalocka hosts Probable Reserves of 8.2 million dry tonnes at 1g/t gold for 250,000 ounces of contained gold, along with Indicated and Inferred Resources of 13.5 million tonnes at 1.1g/t gold for 485,000 ounces of gold.

A Feasibility Study released in April 2012 indicated that the project is economic, with a Net Present Value of $66 million and an Internal Rate of Return of 72% at a gold price of A$1600.

Mount Magnet is moving the project towards production at 50,000 ounces of gold per annum.



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, 06 Jun 2012 10:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159544/mount-magnet-south-intercepts-high-grade-gold-outside-jorc-reserve-at-kirkalocka-29758.html
<![CDATA[News - Mount Magnet South to raise A$3 million to drill Kirkalocka Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/159543/mount-magnet-south-to-raise-a3-million-to-drill-kirkalocka-gold-project-24322.html Mount Magnet South (ASX: MUM) is set to raise A$3 million through a private share placement in order to fund the next stage of drilling at the Kirkalocka Gold Project, in Western Australia’s Murchison region.

The company has entered an agreement with Capital Investment Partners and is proposing to issue 48.4 million shares at A$0.062 per share.

Every two shares subscribed for come with an attaching option exercisable at A$0.07 per share, expiring on August 31, 2014.

Any securities in excess of Mount Magnet’s 15% placement capacity under ASX listing rules will be subject to shareholder approval, with a general meeting to be held in early March 2012.

Kirkalocka drilling campaign

Stage three of the drilling campaign at Kirkalocka is expected to begin on January 25, 2012, with 22 reverse circulation holes to be drilled for 2,870 metres.

The third stage of drilling is targeting extensions to the NE1 structure and mineralisation below the laterite zones in the run of mine area north of the plant.

Feasibility Study

Mount Magnet is on target to complete a feasibility study into the restart of operations at Kirkalocka in the March quarter, 2012.

This is supported by a resource upgrade and the identification of new targets in late 2011.

In October, Mount Magnet announced an increase in the Indicated Resource for the Curara prospect to 8 million tonnes at 1.2 grams per tonne gold, for 305,000 ounces of gold, up from 270,000 ounces previously.

The following month, near surface gold intercepts at the Curara Well open pit project identified new targets to follow up.

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Thu, 19 Jan 2012 10:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159543/mount-magnet-south-to-raise-a3-million-to-drill-kirkalocka-gold-project-24322.html
<![CDATA[News - Mount Magnet South granted halt pending capital raising details ]]> https://www.proactiveinvestors.com.au/companies/news/159542/mount-magnet-south-granted-halt-pending-capital-raising-details-24195.html Mount Magnet South (ASX: MUM) is in the process of preparing a proposed capital raising announcement to the market, with the company granted a trading halt by the ASX - with its securities placed in pre-open.

Mount Magnet is currently in a very interesting position, and towards the end of 2011 identified some new gold targets at the Curara Well open pit project.

Importantly, the new targets followed an increase a month earlier in the Indicated Resource for Curara, which is part of the Kirkalocka Gold Project, to 8 million tonnes at 1.2g/t gold for 305,000 ounces of gold.

The halt will last until the earlier of the announcement being released to the market, or the opening of trade on Thursday 19 January.

 

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Tue, 17 Jan 2012 08:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159542/mount-magnet-south-granted-halt-pending-capital-raising-details-24195.html
<![CDATA[News - Mount Magnet South identifies new gold targets at Curara Well ]]> https://www.proactiveinvestors.com.au/companies/news/159541/mount-magnet-south-identifies-new-gold-targets-at-curara-well-22445.html Mount Magnet South (ASX: MUM) has backed up the company’s recent Resource increase and identified new targets with further gold intercepts at the Curara Well open pit project.

Gold assays from reverse circulation drilling include:

- 13 metres at 2.9 grams per tonne (g/t) gold from 40 metres;
- 14 metres at 2.1g/t gold from 8 metres; and
- 13 metres at 2.1g/t gold from 22 metres.

In October, Mount Magnet announced an increase in the Indicated Resource for Curara, part of the Kirkalocka Gold Project, to 8 million tonnes at 1.2g/t gold for 305,000 ounces of gold, up from 270,000 tonnes previously.

The Kirkalocka Project is located in the Murchison region of Western Australia.

This latest drill program comprised 10 reverse circulation holes totalling 1,403 metres, targeting near surface mineralisation trends identified from the September 2011 mineral resource estimate.

Mount Magnet believes these latest drill figures strengthen the potential for a further resource increase.

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Wed, 23 Nov 2011 09:31:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159541/mount-magnet-south-identifies-new-gold-targets-at-curara-well-22445.html
<![CDATA[News - Mount Magnet South boosts Curara Well JORC Resource to 360,000oz gold, aims for 2012 production ]]> https://www.proactiveinvestors.com.au/companies/news/159540/mount-magnet-south-boosts-curara-well-jorc-resource-to-360000oz-gold-aims-for-2012-production-17412.html Mount Magnet South (ASX: MUM) has upgraded the JORC mineral Indicated Resource estimate at the Kirkalocka Project’s Curara Well deposit by 121% to 270,000 ounces (oz) gold, and is now aiming to start production early next year.

The total Resource has increased by 30% to 360,000oz gold. The estimate reconciles to within 2% of previous production and the company is now preparing an Ore Reserve which is expected in the third quarter 2011.

Independent consultants Snowden Mining Industry Consultants were engaged to estimate the resource. The upgrade follows the generation of additional exploration data, and a review of the company’s previous exploration data and resource models.
 
Matt Shackleton, managing director, said “the increase in the indicated category to 270,000oz of contained gold, coupled with the existing 1.2 million tonnes per annum (mtpa) CIP processing plant further confirms the company’s long held view of the strong potential for developing the Project to production in first quarter 2012."

The company mobilised reverse circulation (RC) and diamond drill rigs to site last week and aims to in-fill and extend the high grade lodes to the north and south of the pit, and explore untested potential beneath the mineralised laterites.

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Mon, 27 Jun 2011 09:19:00 +1000 https://www.proactiveinvestors.com.au/companies/news/159540/mount-magnet-south-boosts-curara-well-jorc-resource-to-360000oz-gold-aims-for-2012-production-17412.html
<![CDATA[News - Mount Magnet South in pre-open pending capital raising announcement ]]> https://www.proactiveinvestors.com.au/companies/news/159539/mount-magnet-south-in-pre-open-pending-capital-raising-announcement-15123.html Mount Magnet South (ASX: MUM) has been granted a trading halt by the ASX pending an announcement regarding the company's capital raising plans.

The company did not elaborate on where the potential new inflow of funds will be allocted, but has recently had some exploration success at the Curara Well South open pit gold mine.

Last October, Mount Magnet intersected gold at Curara Well after a 16 hole reverse circulation drilling program for 1,600 metres.

Phase 1 Curara Well highlights include:

- 4 metres at 1.64 grams per tonne (g/t) gold from 60 metres;
- 3 metres at 3.03 g/t gold from 75 metres;
- 5 metres at 1.18 g/t gold from 63 metres; and
- 3 metres at 2.26 g/t gold from 39 metres.

Late in 2010 at Curara Well, the company announced a 35% increase in Indicated gold ounces to 122,000, and a 65% jump in Inferred gold ounces to 154,000, for a total of 276,000 gold ounces.

 

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Fri, 01 Apr 2011 09:26:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159539/mount-magnet-south-in-pre-open-pending-capital-raising-announcement-15123.html
<![CDATA[News - Mount Magnet South 53% share spike prompts ASX please explain ]]> https://www.proactiveinvestors.com.au/companies/news/159538/mount-magnet-south-53-share-spike-prompts-asx-please-explain-11908.html With a share price spike to $0.13 in intra-day trading today, from $0.085 on Friday 12 November, the ASX has initiated a price query to Mount Magnet South (ASX: MUM).

The company has responded saying that it is not aware of any material information that has not been announced to the market.

Last month Mount Magnet announced that it had intersected gold at the Curara Well South open pit mine after completing a 16 hole reverse circulation drilling program for 1,600 metres.

Phase 1 Curara Well highlights include:

- 4m @ 1.64 g/t Au from 60m;
- 3m @ 3.03 g/t Au from 75m;
- 5m @ 1.18 g/t Au from 63m; and
- 3m @ 2.26 g/t Au from 39m.

In September, Mount Magnet announced a 65% jump in inferred gold ounces to 154,000, and a 35% increase in indicated gold ounces to 122,000, for total gold ounces 276,000 for the Curara Well Gold Project in Western Australia’s Murchison gold fields.

Mount Magnet shares have continued to rise, and are up 13% to $0.135 on the day.

 

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Mon, 22 Nov 2010 13:31:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159538/mount-magnet-south-53-share-spike-prompts-asx-please-explain-11908.html
<![CDATA[News - Mount Magnet South identifies gold shoots at Curara Well South ]]> https://www.proactiveinvestors.com.au/companies/news/159537/mount-magnet-south-identifies-gold-shoots-at-curara-well-south-10625.html Mount Magnet South (ASX: MUM) has intersected gold at the Curara Well South open pit mine after completing a 16 hole RC drilling program for 1,600 metres.

Phase 1 Curara Well highlights include:

- 4m @ 1.64 g/t Au from 60m;
- 3m @ 3.03 g/t Au from 75m;
- 5m @ 1.18 g/t Au from 63m; and
- 3m @ 2.26 g/t Au from 39m.

Matt Shackleton, managing director, said, “In pursuit of our strategic goal of identifying at least 2 resource lodes, this initial RC campaign was designed to follow up limited previous work to the area."

"The results reported here indicate a zone of mineralisation approximately 250 metres long which is hosting a number of gold shoots.”

Last month Mount Magnet announced a 65% jump in inferred gold ounces to 154,000, and a 35% increase in indicated gold ounces to 122,000, to total gold ounces 276,000 for the Curara Well Gold Project.

Shackleton added, "The company has now turned its attention to building on that resource base from new target areas very close to the Curara Well pit."

"We are aiming to follow up with further drilling in November.”

The Curara Well South prospect attracted interest due to its similar geological setting to the Curara Well pit and Curara Well North, where shear systems hosting gold transect tonalite/basalt contacts.

At Curara Well North the gold mineralisation is broader, but lower grade in the tonalite, and higher grade in the adjacent mafics (basalt).

The tonalite at the Curara Well pit acts as a hard kernel which has been
subjected to high stress and strain and shearing.

The resilient exterior of the tonalite and undulating geometry creates a unique pressure shadow where short range/short length (60m -100m long) higher grade gold bearing shoots can reside.

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Thu, 07 Oct 2010 12:43:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159537/mount-magnet-south-identifies-gold-shoots-at-curara-well-south-10625.html
<![CDATA[News - Mount Magnet South commences more drilling at Curara Well, Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/159536/mount-magnet-south-commences-more-drilling-at-curara-well-western-australia-3340.html Mount Magnet South (ASX: MUM) has kick started the next stage of drilling at Curara Well in Western Australia, following a successful first round.

The Phase 2 program, which commenced at the Kirkalocka Gold Project’s Curara Well open pit, has been designed to test the extension of mineralisation to the north of the pit and test an area of mineralisation which previous exploratory drill data has identified to the south of the pit, following the tonalite-mafic contact zone upon which the pit is located.

The Phase 1 drilling program along the northern edge of the Curara Well open pit comprised 7 RC holes for 714 metres. The holes were aimed in a southwest direction targeting a wide gap where historically there has been a lock of drilling.

The intention of the Phase 1 drilling in the area was to determine what mineralisation may be encompassed with a cutback to the pit in this direction.

The majority of all drilling intersected weathered tonalite and mafics and included 10m @ 16.4 g/t Au from 79m.

Pit extensions to the north and the south of the pit have strong potential to add to considerably to the oxide mill feed which comprises alluvial material, supergene oxide, transition material and fresh rock.

Mineralisation is hosted in near surface alluvials, supergene enrichment and unexplained pods of oxidised and fresh lenses hosted in both the mafics and tonalite.

Mount Magnet South managing director Matt Shackleton said the Kirkalocka Gold Project represented the company's most prospective holding of tenements, positioned as it is on a significant regional structure that has historically proven to be highly mineralised.

"The company’s Kirkalocka Plant is located at the project," Mr Shackleton said.

"Clearly our main aim with this drilling is to prove up additional mill feed, which will add to the previously announced JORC resource of 184,300 ounces of gold.”

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Wed, 18 Nov 2009 06:39:00 +1100 https://www.proactiveinvestors.com.au/companies/news/159536/mount-magnet-south-commences-more-drilling-at-curara-well-western-australia-3340.html