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ASX Market Wrap

The benchmark index added 0.2 per cent in broad-based gains, bringing it to 5805 points, while the broader All Ordinaries index rose 0.3 per cent to 5850.1.

The benchmark index added 0.2 per cent in broad-based gains.

The value of trades was $7.1 billion on volume of 936 million shares.

On the futures market the SPI is up 31 points.

The markets finished higher despite economic data – including wage growth figures and construction work – disappointing on the low side. Most sector indices, with the exception of financials and materials, traded higher, with consumer staples adding 2.7 per cent and healthcare adding 1.4 per cent.

Leading the index was Vocus Group, up 9.3 per cent after growing its profits four-fold. McMillian Shakespeare was another major gainer, rising 8.4 per cent, while Fairfax Media added 8.1 per cent. Coca-cola Amatil added 5.6 per cent on its results.

Woodside Petroleum’s FY16 net profit after tax has surged to US$868 million – 33 times higher than the prior corresponding period’s profit figure. The company this result was driven by record production levels and a reduction in unit production costs. Woodwide declared a final dividend of US49c a share.

Fairfax has posted a 1H FY17 NPAT of $83.7 million – a gain of 6.1% over last year’s first half result. The company will pay an interim dividend of 2 cps (70% franked).

Woolworths has slashed its interim dividend by almost 23% to 34cps for 1H FY17. This is lowest interim dividend since 2006 – due to falling profit and intense price competition with Coles and Aldi. Woolworth’s net profit for the first half was down 16.7% to $785.7 million. This was a better than expected result.

Gold is tradingat $US1,235 an ounce.

Light crude is $0.45 higher at $US54.23 a barrel.

The Australian dollar is buying $US0.7695.

 

 

Market News

Fairfax profit rises 6.1% and plans to spin-off Domain
Feb 22, 2017

Woodside Petroleum FY16 profit soars to US$868M
Feb 22, 2017

Property professionals bullish on year ahead, despite market uncertainties: survey
Feb 22, 2017

Scentre Group posts $2.99B profit in FY16
Feb 21, 2017

SEEK’s underlying NPAT lifts 11%
Feb 21, 2017

CFE – Binding Joint Venture Agreement for Cobalt Mining and Tailings Processing Operations
Feb 21, 2017

CXO – Wide High Grade Spodumene Intersections at Finniss
Feb 21, 2017

Autosports to buy VIC luxury vehicle businesses for $46M
Feb 20, 2017

Nib reports NPAT jump of 65% to $71.1M
Feb 20, 2017

Global dividend growth disappoints in 2016, while US dollar strength clouds outlook for 2017
Feb 20, 2017

AQD – Strategic Exploration Alliance with South32
Feb 20, 2017

ASX reports profit increase
Feb 17, 2017

Medibank Private profit for H1 2017
Feb 17, 2017

BUB – products now in more than 300 pharmacy doors
Feb 17, 2017

MXR – further high grade gold at Eagles Nest Deposit WA
Feb 17, 2017

Tatts Group profit drops 16.5% to $122.8M
Feb 16, 2017

Tabcorp settles money laundering case for $45M
Feb 16, 2017

A2 Milk profit skyrockets 290%
Feb 16, 2017

Domino’s profit rises amid worker exploitation scandal
Feb 15, 2017

CORE SECURES NAPPERBY URANIUM RESOURCE
Feb 15, 2017

Challenger records statutory NPAT drop of 14% to $202M
Feb 14, 2017

SG Fleet profit rises 35% to $26.6M
Feb 14, 2017

JB Hi Fi: Strong half FY2017 results
Feb 13, 2017

Newcest mining: Increased profit amid increased efficiency & gold price
Feb 13, 2017

LOM – 227 CARAT HIGH-QUALITY DIAMOND RECOVERED AT LULO
Feb 13, 2017

EDE – EDENCRETE® Approvals By US State DOTs
Feb 13, 2017

BHP to spend US$2.2B on Mad Dog
Feb 10, 2017

Blackham Resources raises $35M for mine expansion
Feb 10, 2017

KOR – COBALT AT BATCHELOR PROJECT
Feb 10, 2017

Coles reduces self-serve checkout to 12 items months after crackdown
Feb 09, 2017

Suncorp posts $537M profit
Feb 09, 2017

Invigor’s Condat awarded $2m in contract extensions
Feb 09, 2017

EDE – US$100,000 ORDER FOR EDENCRETE® FOR FIRST GDOT PROJECT
Feb 09, 2017

Rio Tinto back in the black with a $6 billion profit
Feb 08, 2017

CIMIC reports 11.5% profit increase in 2016
Feb 08, 2017

TTI Wins Road Lighting Upgrade for Manningham City Council
Feb 08, 2017

Sonic Healthcare enters partnerships with US hospitals
Feb 07, 2017

LPD – Unsolicited Intention to make a takeover offer
Feb 07, 2017

CXO – LITHIUM MINERALISATION INTERSECTED AT AHOY, AHOY EAST AND FAR WEST PROSPECTS
Feb 07, 2017

Allphones goes into administration
Feb 06, 2017

DUET establishes $150m debt facility
Feb 06, 2017

James Hardie Industries: net sales rise 10%
Feb 03, 2017

Freedom Oil and Gas signs contract for drilling in Eagle Ford Shale
Feb 03, 2017

Invigor completes $4.53 million financing facility to strengthen balance sheet and drive growth
Feb 03, 2017

Doray Minerals appoints new Chairman
Feb 02, 2017

Broo acquires Mildura brewery
Feb 02, 2017

CXO – FINNISS LITHIUM PROJECT AREA EXPANDED 250%
Feb 02, 2017

Noxopharm commences brain cancer study
Feb 01, 2017

Bapcor takes over Hellaby
Feb 01, 2017

BUYMYPLACE ANNOUNCES FULL SERVICE
Feb 01, 2017

Investor Reports

Stargroup Shoots For The Stars With 12th Record Quarter

It has been quite the run for Stargroup Ltd (ASX: STL) with the ASX-listed financial services company posting yet another record quarter – the 12th in a row.  Engaged in the design, manufacture, sale and operation of ATMs and other banking equipment, Stargroup reported an impressive 500 per cent growth in FY2016 and is forecasting … Continue reading “Stargroup Shoots For The Stars With 12th Record Quarter”

Prospecting company hopes to strike it lucky on return to market

Prospecting company hopes to strike it lucky on return to market Quest Minerals is to relist on the Australian Stock Exchange with plans to develop a site near Sandstone in Western Australia, writes The Australian Investor. Gold exploration company Quest Minerals (ASX: QNL) is due to make its return to the Australian Stock Exchange this … Continue reading “Prospecting company hopes to strike it lucky on return to market”

Eildon Capital offers investors liquid exposure to property investing and financing in $10m public float

The Australian Investor spoke to Eildon Capital (ASX: EDC) Managing director Mark Avery and  Company secretary John Hunter about their current IPO, what has brought the Company to this stage, and their future in property investment. The IPO of Eildon Capital is a result of a period of sustained success and a weight of opportunity in the property … Continue reading “Eildon Capital offers investors liquid exposure to property investing and financing in $10m public float”

TNG looks to drive local vanadium-based renewable energy market

TNG Ltd (ASX: TNG) is an Australian resource company primarily focused on advancing its cornerstone asset, the 100%-owned Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory. Mount Peake is advancing rapidly to construction, with a license to mine imminent and permitting and agreements at a late stage. Key Agreement TNG is positioning itself to develop … Continue reading “TNG looks to drive local vanadium-based renewable energy market”

Mesoblast share price rises on milestone results.

Mesoblast (ASX: MSB) has leveraged its proprietary technology platform to establish a broad portfolio of late-stage product candidates. These allogeneic, ‘off-the-shelf’ cell product candidates target advanced stages of diseases with high, unmet medical needs, which also represent large market opportunities. On the 14th November, the Company announced that the Phase 3 trial of its intravenous … Continue reading “Mesoblast share price rises on milestone results.”

Core Exploration fast-tracks exploration after high-grade NT discovery

Exciting drill results were achieved from Core’s maiden drilling program at its 100% owned Finniss Lithium Project in the Northern Territory. Core intersected high-grade spodumene at the very first two prospects the company drilled at Finniss BP33 and Grants. “At BP33 we drilled four RC holes and returned assays including 34m at 1.6 per cent … Continue reading “Core Exploration fast-tracks exploration after high-grade NT discovery”

Connexion targets market-leadership with rapid commercialisation and expansion

Connexion Media (ASX: CXZ) is an Australian technology company specialising in developing and commercialising software apps and services for the web connected car, mobile device and connected consumer electronics markets. The Company has secured key commercial agreements with leading automotive industry players including General Motors and Oracle, to roll out its proprietary smart car technologies … Continue reading “Connexion targets market-leadership with rapid commercialisation and expansion”

CXO doubles landholding and ramps up lithium exploration, after large-scale discovery

Core raised $2.2 million back in April having received firm commitments from investors to place 52 million new shares at an issue price of $0.042 per share. With strong support received from professional and institutional investors in Australia and overseas, the placement was substantially oversubscribed, virtually overnight. Due to the financial impact of Brexit and … Continue reading “CXO doubles landholding and ramps up lithium exploration, after large-scale discovery”

Core Exploration’s drilling at Yeralina indicates major new zinc system

Zinc assays from the broad mineralised breccia zones indicate that Core has potentially discovered a new MVT (Mississippi Valley Type) system on the Yerelina Zinc Project, which covers a total area of 1,000km2 in northern South Australia. “The recent drilling has confirmed both in the grade, the geology down-hole and the petrology under the microscope … Continue reading “Core Exploration’s drilling at Yeralina indicates major new zinc system”

Algae.Tec completes algae plant startup and targets biofuel & nutraceutical markets

Algae.Tec saw its share price bloom more than 16 per cent on the news it will soon be producing algae for the nutraceuticals market. Algae and its byproducts can be used for many applications including nutraceuticals, personal products such as soap and face cream, protein food sources plus biopolymers and fuels. “That is one of … Continue reading “Algae.Tec completes algae plant startup and targets biofuel & nutraceutical markets”

Core Exploration raises capital and gears up for lithium exploration

Following an extensive review of its tenement position, the company identified a number of highly prospective lithium project areas and occurrences of spodumene and lithium-rich pegmatite fields in the Arunta geology of the Northern Territory. “We have been building on our strengths as a company and the fact that we have been working in the … Continue reading “Core Exploration raises capital and gears up for lithium exploration”

TNG signs two key agreements for development of Mount Peake

TNG is rapidly moving ahead with the development of its 100%-owned Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory. The company has secured another Tier-1 global partner to participate in the financing and development of Mount Peake. SMS group (SMS) – one of world’s biggest metallurgical engineering and construction companies has signed a binding Heads … Continue reading “TNG signs two key agreements for development of Mount Peake”

KGL intersects high-grade copper, lead & zinc at Green Parrot

Assays of over 40 per cent combined Copper/Lead/Zinc were discovered in the Green Parrot pit at Jervois, with both holes – KJC177 and KJCD179 intersecting zones of massive sulphide containing galena, sphalerite and chalcopyrite. The current exploration program has the primary aim of identifying and assessing targets that may increase ore resources accessible via open … Continue reading “KGL intersects high-grade copper, lead & zinc at Green Parrot”

IOT takes flight on ASX with Selfie Stick 2.0 and Smartwatches

IoT Group already has one affordably priced smartwatch on the market, which sells at selected Coles stores for $99, with the Company planning to unveil a range of more than 40 tech products, including a light, compact and easy-to-use personal flying selfie drone, ROAM-e is the selfie stick evolution. ROAM-e In a bid to capitalize … Continue reading “IOT takes flight on ASX with Selfie Stick 2.0 and Smartwatches”

ALK moves the $1bn Zirconia Project forward and expects gold production upturn at Tomingley

Alkane is a multi-commodity mining and exploration company with a focus on gold, zirconium, hafnium, niobium and rare earths. The Company has a profitable, operating gold mine (Tomingley) and other highly prospective projects within close proximity of each other in the central west of New South Wales. ALK recently announced plans to raise up to … Continue reading “ALK moves the $1bn Zirconia Project forward and expects gold production upturn at Tomingley”

EdenCrete receives A$32.3m backing as US moves to tackle ailing infrastructure

Last year, the Department of Transport (DOT) called on Congress to pass a long-term transportation bill, saying “the only way to prepare our transportation system for the next generation is to stop this cycle of short-term measures.” Six years of short term measures had created what the briefing note called “a dire state of disrepair” … Continue reading “EdenCrete receives A$32.3m backing as US moves to tackle ailing infrastructure”

Mesoblast reduces cash burn and positions itself to fill treatment gaps

Mesoblast has leveraged its proprietary technology platform to establish a broad portfolio of late-stage product candidates. These allogeneic, ‘off-the-shelf’ cell product candidates target advanced stages of diseases with high, unmet medical needs, which also represent large market opportunities. Financial Results The Company has managed to reduce its third-quarter loss thanks to reductions in research and … Continue reading “Mesoblast reduces cash burn and positions itself to fill treatment gaps”

Rox Resources announces world-class resource at Teena, NT

On June 1st, the share price of last year’s Explorer of the Year more than doubled, after Rox announced a maiden Inferred Mineral Resource for the Teena Zinc-Lead Deposit, located 8 km west of the McArthur River zinc-lead mine. In the announcement, Rox said Teena represents ‘the largest and highest grade zinc-lead mineral resource discovered … Continue reading “Rox Resources announces world-class resource at Teena, NT”

Peninsula approaches final hurdle to being a uranium producer in rising market

The Lance Projects are located on the Northeast flank of the Powder River Basin in Wyoming. Peninsula Energy (Peninsula) has explored only part of this area in the last five years and successfully delineated over 53.7mlbs U3O8 JORC compliant resource. Last week, Peninsula provided an update of results from recent development drilling in the Ross … Continue reading “Peninsula approaches final hurdle to being a uranium producer in rising market”

Titan accelerates expansion strategy with Texas Gulf Coast oil field acquisition

Titan has gone through a period of substantial change in recent months following the appointment of Mr Bradley Simmons as CEO, a veteran of the oil industry with over 30 years of Gulf Coast drilling and production operations experience. Titan has announced a US$50 Million Joint Development Agreement to fund in-field development oil exploration, an … Continue reading “Titan accelerates expansion strategy with Texas Gulf Coast oil field acquisition”

Greenearth Energy’s smart lights business “Vivid Industrial” sees growth, NewCO2Fuels globally recognised

Industrial lighting can be a hefty business expense, particularly for large facilities like warehouses, distribution centres, cold storage facilities, ports, stadiums, car parks, roads and tunnels. ‘Smart’ lighting systems have the potential to cut energy bills considerably, an attractive proposition for any facility with large lighting requirements or subject to a carbon tax regime. Vivid … Continue reading “Greenearth Energy’s smart lights business “Vivid Industrial” sees growth, NewCO2Fuels globally recognised”

Sun Biomedical nears Phase 2 clinical trials with Dimerix acquisition

With its knowledge of drug target interaction, Dimerix’ strategy is to develop new combination therapies using already marketed compounds for new medical indications. Dimerix’s lead clinical program is a Phase 2 study in patients with Chronic Kidney Disease (CKD), using its novel combination therapy, DMX200. “We have been on the lookout for a very good … Continue reading “Sun Biomedical nears Phase 2 clinical trials with Dimerix acquisition”

Eden Energy zeros in on huge US infrastructure markets with EdenCrete

Eden is hopeful that further positive results, could pave the way for approvals and access to the large Georgia infrastructure market. One of the primary target markets for EdenCrete is improving the performance of concrete used in the construction and maintenance of concrete roads, bridges and other infrastructure. Recent Georgia Department of Transport (GDOT) field … Continue reading “Eden Energy zeros in on huge US infrastructure markets with EdenCrete”

Mesoblast advances late stage product pipeline with Phase 2 diabetic nephropathy results due this week

The Company’s allogeneic or ‘off-the-shelf’ cell product candidates target significantly advanced stages of diseases where there are highly unmet medical needs, including cardiovascular conditions, orthopedic disorders, immunologic/inflammatory disorders and oncology/hematology conditions. Mesoblast’s lead therapeutic product candidates under investigation include MPC-150-IM for chronic congestive heart failure; MPC-06-ID for chronic discogenic low back pain, MSC-100-IV for acute … Continue reading “Mesoblast advances late stage product pipeline with Phase 2 diabetic nephropathy results due this week”

Explorer of the year Rox Resources positions itself for the future

Earlier this month, Rox won the prestigious Explorer of the Year Award at the 2015 Australian Mining Prospect Awards in Sydney, following a highly successful year with drilling successes on its exciting Fisher East nickel sulphide project in WA, a promising copper discovery at Bonya in central Australia and further exploration success at the Teena … Continue reading “Explorer of the year Rox Resources positions itself for the future”

Thorn Group raises FY15 profit and reports receivables growth across all divisions

“Overall we are pleased with the result,” Thorn Group Managing Director, James Marshall, told The Australian Investor. “I think it delivers on what we set out to achieve in FY15 and is consistent with what we have been saying to the market. The results demonstrate that our investment strategy, to become a broader based financial … Continue reading “Thorn Group raises FY15 profit and reports receivables growth across all divisions”

Invigor approaches Combat acquisition with new management team

A leading Australian technology and digital solutions company, Invigor helps businesses gather, analyse and interpret relevant online data to help them achieve successful digital and business strategies. The Company earlier launched Shopping Ninja, Australia’s first independent price-comparison browser plug-in, which provides consumers with real-time price comparisons for products. Following a raft of managerial changes in … Continue reading “Invigor approaches Combat acquisition with new management team”

Core Exploration identifies more high-grade zinc at Yerelina

The Yerelina Zinc Project is highly prospective for shallow zinc mineralisation with Core Exploration identifying high-grade mineralisation on at least five separate north]south structures. Company sampling across newly identified wide and metal-rich gossans on the Yerelina Zinc Project, identified zones over 10m wide at Big Hill and zinc values up to 5 per cent zinc … Continue reading “Core Exploration identifies more high-grade zinc at Yerelina”

Eden passes critical hurdle in breaking into huge US infrastructure markets

Following a favourable vote from the Georgia Department of Transportion [GDOT], EdenCrete will initially be “Allowed for Use” in GDOT’s ‘Class 24-Hour accelerated concrete mix’ by concrete suppliers to GDOT for road repairs, following further impressive results from field trials. Additionally approval was also given for a second field trial of EdenCrete in the Class … Continue reading “Eden passes critical hurdle in breaking into huge US infrastructure markets”

Core Exploration defines 14 strong drill targets at Jervois in NT

Core Exploration’s four 100%-owned tenements at its Jervois Domain project, surround the tenements of KGL Resources (ASX: KGL) and cover approximately 280 square kilometres in the highly prospective Jervois region 200km north east of Alice Springs, Northern Territory. The Company and research partner CSIRO, have undertaken geophysical processing, analysis, interpretation and modelling, which has culminated … Continue reading “Core Exploration defines 14 strong drill targets at Jervois in NT”

Mesoblast eyes an additional pharma deal after promising diabetic kidney disease trial results

The results from the Company’s small Phase 2 trial in patients with diabetic nephropathy showed that a single infusion of its intravenously delivered allogeneic mesenchymal precursor cell (MPC) product candidate MPC-300-IV was safe, reduced damaging inflammation, and preserved or improved renal function over at least 24 weeks. “The results show that Mesoblast’s allogeneic cell therapy … Continue reading “Mesoblast eyes an additional pharma deal after promising diabetic kidney disease trial results”

Oakdale Resources targets production of large flake graphite on Eyre Peninsula

Recent air core drilling at the Oakdale Project has revealed multiple high-grade graphite intersections in near-surface oxide material over 2 kilometers. If further drilling continues to confirm the scale and consistency of the mineralisation, the company believes the project can progress quickly into production and with modest capital expenditure. “I believe we are going to … Continue reading “Oakdale Resources targets production of large flake graphite on Eyre Peninsula”

Pan Asia Corp sells its stake in Indonesian coal project for S$30 million

Universal agreed to purchase Pan Asia’s 100% owned Singapore subsidiary, Innovation West Mantewe Pte Ltd (IWPL) – holder of the 75 per cent interest in TCM – for S$30 million subject to shareholder and regulatory approval in a consideration that represents around ten times Pan Asia’s current market capitalisation. The transaction is subject to Universal … Continue reading “Pan Asia Corp sells its stake in Indonesian coal project for S$30 million”

Medlab targets clinical link between poor gut health and disease

Sydney-based Medlab is launching an initial public offering to raise up to $9 million to expand its nutraceuticals business and develop further products targeted at overcoming poor gut health, which it sees as the cause of certain health problems as well as disrupting the effectiveness of orally administered targeted medicines. “There is a cliché doing … Continue reading “Medlab targets clinical link between poor gut health and disease”

Drill programme boosts Oakdale Resources Limited plans to become a low-cost graphite supplier

Recent results from Oakdale Resources Limited (ASX Code: OAR) extensive initial drilling programme have boosted confidence that the South Australian based project can become a low cost supplier of flake graphite into the global market. More than 13,000 metres of air core drilling and four diamond drill holes have revealed that the graphite mineralisation is … Continue reading “Drill programme boosts Oakdale Resources Limited plans to become a low-cost graphite supplier”

TNG completes TIVAN® testwork with exceptional results for Mt Peake

The key to the success of TNG’s Mount Peake project in the Northern Territory is the TIVAN® process, a hydrometallurgical process that produces three products premium (>96%) battery grade vanadium pentoxide (V2O5), titanium dioxide concentrate (TiO2) and high purity iron oxide powder (Fe2O3). In a significant milestone for TNG, the TIVAN® program has successfully confirmed … Continue reading “TNG completes TIVAN® testwork with exceptional results for Mt Peake”

Quickstep validates Qure technology and secures first OEM automotive contract

Quickstep manufactures both traditional autoclave and leading edge out-of-autoclave production technologies for the aerospace and automotive industries. Qure The Company has a patented manufacturing process called Qure, which moulds carbon fibre components using fluids instead of standard autoclave techniques, reducing costs and processing time, while offering greater flexibility and more control over the curing cycle. … Continue reading “Quickstep validates Qure technology and secures first OEM automotive contract”

ALK receives final development approval for DZP and moves to secure financing

Project Approval On 28 May, the NSW Planning Assessment Commission gave final development approval for the DZP, which enables the company to move ahead with applications for the Environmental Protection Licence (EPL) and Mining Lease and to progress into development. “It is obviously a very important step because until you have State approval for the … Continue reading “ALK receives final development approval for DZP and moves to secure financing”

DMY Capital raises $5m and looks to the future of bricklaying with Fastbrick Robotics

Since its origin thousands of years ago bricklaying essentially hasn’t changed that much. For bricklayers, it still remains a backbreaking, unsafe and time-consuming task. That would soon change if a company can successfully commercialise an effective, automated bricklaying technology. In a backdoor ASX listing, DMY Capital (formerly Dromana Estate Limited) has executed a conditional agreement … Continue reading “DMY Capital raises $5m and looks to the future of bricklaying with Fastbrick Robotics”

Appen Limited is boldly going where no one on the ASX has gone before.

Appen Limited offers investors on the local bourse a window to international opportunity through an established model that possesses proven revenue streams and applications that include marquee clients such as the US military and Microsoft. The offer is fully underwritten and Appen has already raised the necessary funds and is looking to attract additional shareholders … Continue reading “Appen Limited is boldly going where no one on the ASX has gone before.”

Avanco secures financing and nears low-cost, high-value production in Brazil

Since the discovery Antas in 2012, Avanco has been working towards bringing the project into production with the current all-equity capital raising the final component required to realise its objective. On completion, Avanco will be in the enviable position of being fully financed into production, while being unhedged and debt free, and with all key … Continue reading “Avanco secures financing and nears low-cost, high-value production in Brazil”

Starpharma transitions into production with rollout of first VivaGel® product

Starpharma has undergone a commercial metamorphosis of late, entering a new stage of economic maturity, with the successful launch of its first product, an antiviral condom based on the Company’s proprietary and heavily patented VivaGel® technology. The Company has made significant inroads in its plans to develop a number of products internally and others via … Continue reading “Starpharma transitions into production with rollout of first VivaGel® product”

Unity Mining share price spikes on release of quarterly report

Shares in Unity Mining spiked last week with investors appearing to speculate that the Company is undervalued following the release of its most recent quarterly. It is a viewpoint shared by CEO and Managing Director, Andrew McIlwain. “When we released our quarterly last Tuesday, there was a fair up tick in our share price as … Continue reading “Unity Mining share price spikes on release of quarterly report”

Alkane Resources marches towards DZP with cash-flow positive gold mine

Alkane Resources marches towards DZP with cash-flow positive gold mine “The whole corporate strategy for the past 20 years has been multi-commodity and we don’t shy away from that. “We will look at anything we can make money out of but all our projects are in a very tight geographic location within central west region … Continue reading “Alkane Resources marches towards DZP with cash-flow positive gold mine”

Burey Gold’s share price spikes on ‘tip of the iceberg’ drilling results

While Burey Gold Limited has been around for a number of years, the explorer’s initial focus was on Guinea, where they had a large portfolio of prospective ground. The Company has since reduced that portfolio down to one license – the Balatindi Project in east Guinea – which management believes has the greatest potential. The … Continue reading “Burey Gold’s share price spikes on ‘tip of the iceberg’ drilling results”

Artificially devalued KBL Mining advances Mineral Hill

KBL market capital has recently been artificially devalued due to the recent selling from a major shareholder (KDR). This selling has resulted in the Company trading at what one would believe is a large discount to its true value given the Company’s strong fundamentals which including the Pearse Open Cut Gold deposit at Mineral Hill, … Continue reading “Artificially devalued KBL Mining advances Mineral Hill”

Martin Jetpack ready for take-off into blue-sky after Chinese backing

For many people, the mere word ‘jetpack’ conjures up images of James Bond escaping villains via his rocket-propelled backpack in the 1965 movie, Thunderball. Unfortunately, those earlier jetpacks were really too dangerous and impractical to take off commercially. Justifiably for most people, the idea of flying something around with 1,000+ degrees of steam rocketing out … Continue reading “Martin Jetpack ready for take-off into blue-sky after Chinese backing”

Prescient Therapeutics flies under the radar with drugs currently in clinic

These are exciting times for Prescient Therapeutics and its investors with the prospect of five mid-stage clinical trials of two novel cancer drugs, developed by some of the world’s leading cancer experts. “These are open label trials and basically the modus operandi is that we are looking for where our drugs work best, in which … Continue reading “Prescient Therapeutics flies under the radar with drugs currently in clinic”

Red Mountain funded through to development and targeting early mining at high-grade gold zones

Red Mountain holds a 100 per cent direct and indirect contractual right interest in tenements in the Philippines, which contain significant gold resources. The Company acquired the Batangas project in October 2012, which is ideally located just 120 kilometres, or two hours drive south of Manila on the northern Philippines island of Luzon. Total JORC … Continue reading “Red Mountain funded through to development and targeting early mining at high-grade gold zones”

Citigold accelerates ramp up of Charters Towers with key $72m joint venture

Charters Towers gold and silver deposit is a unique reef system and one of Australia’s highest-grade goldfields. The Company has already invested over $190 million to develop the goldfield and has begun extracting gold, with plans to expand gold production from its underground mines in stages, with a target of over 300,000 ounces annually. “We … Continue reading “Citigold accelerates ramp up of Charters Towers with key $72m joint venture”


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