Proactiveinvestors United Kingdom - Gold Mining RSS feed http://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom - Gold Mining feed en Sat, 20 Jan 2018 11:07:50 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com Kestrel Gold hits over 100 grams per tonne gold in rock samples at Clear Creek http://www.proactiveinvestors.co.uk/companies/news/183533/kestrel-gold-hits-over-100-grams-per-tonne-gold-in-rock-samples-at-clear-creek-183533.html Wed, 06 Sep 2017 14:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/183533/kestrel-gold-hits-over-100-grams-per-tonne-gold-in-rock-samples-at-clear-creek-183533.html Centamin production set to hit top end of guidance http://www.proactiveinvestors.co.uk/companies/news/166937/centamin-production-set-to-hit-top-end-of-guidance-166937.html Wed, 05 Oct 2016 07:52:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/166937/centamin-production-set-to-hit-top-end-of-guidance-166937.html Cardinal Resources Ltd receives initial substantial holder, global mining and metals fund http://www.proactiveinvestors.co.uk/companies/news/165524/cardinal-resources-ltd-receives-initial-substantial-holder-global-mining-and-metals-fund-70856.html Cardinal Resources Ltd (ASX:CDV) has received a notice of initial substantial holder, from the Precious Capital Global Mining and Metals Fund, which now holds 5.52%.

Cardinal is well-funded having raised $21.75 million in a placement.

The company recently completed its Phase 1 framework drilling program at the emerging, world class Namdini gold deposit in Ghana.

Drilling at Namdini has identified a mineralised gold zone with a strike length of 1,000 metres, widths of 200-300 metres and depths of over 350 metres.

Every hole drilled at Namdini since discovery has intersected wide zones of gold mineralisation including:

- 67 metres at 3.1 g/t from 3 metres;
- 51 metres at 3.58 g/t from 85 metres; and
- 45 metres at 7.73 g/t from 168 metres.

Cardinal remains on track to deliver a maiden JORC Exploration Target this quarter.

The share price is up 375% over the past year, currently trading at $0.475.

 

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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Mon, 05 Sep 2016 06:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/165524/cardinal-resources-ltd-receives-initial-substantial-holder-global-mining-and-metals-fund-70856.html
Gold Mountain Ltd discovers visible gold in Papua New Guinea http://www.proactiveinvestors.co.uk/companies/news/165660/gold-mountain-ltd-discovers-visible-gold-in-papua-new-guinea-70797.html Gold Mountain Ltd (ASX:GMN) has confirmed visible gold from an initial 92 metres of trenching at its flagship project, Crown Ridge in Papua New Guinea.

Incidentally, the company’s share price has been rallying over the last one month, rising about 334% since 3 August 2016.

The current trenching program has been undertaken to investigate magnetic anomalies defined by the processing of the ground magnetics surveyed during 2015.

14 trenches, totalling 92 metres in length were excavated to depths ranging from 2 metres to 4 metres.

A cluster of trenches located to the northwest of the Crown Ridge camp contained visible gold in panned concentrates.

This result reinforces a model of gold mineralisation associated with the fractures of the rim of a volcanic crater.

The latest results underpin the ongoing trenching program and extensive helicopter-borne magnetic surveys exploring the interpreted ‘volcanic crater rim’ geology at Crown Ridge.

The trenching program will continue, with the assay results of completed works to be received shortly.

Gold Mountain had a cash balance of $1.2 million as at 30 June 2016.

Last month, the company raised $2.3 million from a share placement to fast-track exploration at the Crown Ridge Gold project.

 

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, 01 Sep 2016 06:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/165660/gold-mountain-ltd-discovers-visible-gold-in-papua-new-guinea-70797.html
Stonewall Resources Ltd to update on findings from Hong Kong http://www.proactiveinvestors.co.uk/companies/news/165485/stonewall-resources-ltd-to-update-on-findings-from-hong-kong-70788.html Stonewall Resources Ltd (ASX:SWJ) has been granted a trading halt by the ASX this morning, with its shares placed in pre-open.

Stonewall requested the halt pending the receipt of findings from the Hong Kong International Arbitration Centre (HKIAC) in respect to the notice of arbitration served by Stonewall on Shandong Qixing Iron Tower Co. Ltd.

The halt will remain in place until the opening of trade on Monday 5th September 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 01 Sep 2016 02:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/165485/stonewall-resources-ltd-to-update-on-findings-from-hong-kong-70788.html
Cardinal Resources Ltd receives shareholder support for Ghana gold project http://www.proactiveinvestors.co.uk/companies/news/165523/cardinal-resources-ltd-receives-shareholder-support-for-ghana-gold-project-70688.html Fri, 26 Aug 2016 01:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/165523/cardinal-resources-ltd-receives-shareholder-support-for-ghana-gold-project-70688.html Zinc of Ireland NL gets ready to raise http://www.proactiveinvestors.co.uk/companies/news/165263/zinc-of-ireland-nl-gets-ready-to-raise-70683.html Zinc of Ireland NL (ASX:ZMI) has been granted a trading halt by the ASX, pending details of a capital raising.

The halt will remain in place until the opening of trade on Tuesday 30th August 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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Fri, 26 Aug 2016 00:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/165263/zinc-of-ireland-nl-gets-ready-to-raise-70683.html
Dampier Gold Ltd to outline asset sale details http://www.proactiveinvestors.co.uk/companies/news/165595/dampier-gold-ltd-to-outline-asset-sale-details-70642.html Dampier Gold Ltd (ASX:DAU) is preparing to outline details concerning the sale by the company of the Plutonic Dome Gold Project to Vango Mining Limited.

The ASX has granted Dampier a trading halt to prepare.

The halt will remain in place until the opening of trade on Friday 26th August 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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Wed, 24 Aug 2016 04:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/165595/dampier-gold-ltd-to-outline-asset-sale-details-70642.html
Coventry Resources Ltd to increase cash position http://www.proactiveinvestors.co.uk/companies/news/165575/coventry-resources-ltd-to-increase-cash-position-70639.html Coventry Resources Ltd (ASX:CYY) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Friday 26th August 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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Wed, 24 Aug 2016 02:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/165575/coventry-resources-ltd-to-increase-cash-position-70639.html
Evolution Mining Ltd to update on raising http://www.proactiveinvestors.co.uk/companies/news/165550/evolution-mining-ltd-to-update-on-raising-70631.html Evolution Mining Ltd (ASX:EVN) has been granted a trading halt by the ASX (1 + 2 business days) pending the outcome of the institutional component of an accelerated renounceable entitlement offer.

Evolution's FY16 results included an underlying profit up 114% to A$226.9 million.

The halt will remain in place until the opening of trade on Monday 29th August 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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Wed, 24 Aug 2016 00:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/165550/evolution-mining-ltd-to-update-on-raising-70631.html
Goldphyre Resources Ltd to update on in-the-money options http://www.proactiveinvestors.co.uk/companies/news/165604/goldphyre-resources-ltd-to-update-on-in-the-money-options-70608.html Goldphyre Resources Ltd's (ASX:GPH) shares are in pre-open this morning, following the ASX granting the company a trading halt.

Goldphyre requested the halt pending details regarding the underwriting of the listed options series GPHO, which are exercisable at $0.08 and expire on 30 September 2016.

Shares in the company last traded at $0.098, and recently hit $0.14 per share.

The halt will remain in place until the opening of trade on Thursday 25th August 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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Tue, 23 Aug 2016 01:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/165604/goldphyre-resources-ltd-to-update-on-in-the-money-options-70608.html
Cardinal Resources Ltd receives highest grade gold to date at Namdini http://www.proactiveinvestors.co.uk/companies/news/165522/cardinal-resources-ltd-receives-highest-grade-gold-to-date-at-namdini-70475.html Tue, 16 Aug 2016 02:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/165522/cardinal-resources-ltd-receives-highest-grade-gold-to-date-at-namdini-70475.html Stonewall Resources Ltd heads to market http://www.proactiveinvestors.co.uk/companies/news/165484/stonewall-resources-ltd-heads-to-market-70457.html Stonewall Resources Ltd (ASX:SWJ) has been granted a trading halt by the ASX, pending details of a capital raising.

The halt will remain in place until the opening of trade on Thursday 18th August 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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Tue, 16 Aug 2016 00:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/165484/stonewall-resources-ltd-heads-to-market-70457.html
Zinc of Ireland NL is Thursday's ASX Most Traded with 50 million http://www.proactiveinvestors.co.uk/companies/news/165262/zinc-of-ireland-nl-is-thursdays-asx-most-traded-with-50-million-70263.html Thursday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume
Zinc of Ireland NL ZMI $0.023 15% 50,345,956
KBL Mining Ltd KBL $0.006 0% 46,755,184
Dark Horse Resources Ltd DHR $0.007 -30% 44,009,347
Winmar Resources Ltd WFE $0.003 50% 30,615,986
Viva Energy Reit VVR $2.600 1.56% 30,557,475
Niuminco Group Ltd NIU $0.007 -12.50% 27,093,389
Emeco Holdings Ltd EHL $0.071 86.84% 25,667,279
Volt Resources Ltd VRC $0.087 7.41% 24,902,269
Monax Mining Ltd MOX $0.021 -8.70% 23,462,411
Vital Metals Ltd VML $0.022 -12% 22,932,391

 

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, 04 Aug 2016 22:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/165262/zinc-of-ireland-nl-is-thursdays-asx-most-traded-with-50-million-70263.html
The Carajas Copper Company Ltd to reveal acquisition http://www.proactiveinvestors.co.uk/companies/news/146353/the-carajas-copper-company-ltd-to-reveal-acquisition-70222.html The Carajas Copper Company Ltd (ASX:CJC) has been granted a trading halt by the ASX, pending details of an acquisition.

The halt will remain in place until the opening of trade on Friday 5th August 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 03 Aug 2016 04:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/146353/the-carajas-copper-company-ltd-to-reveal-acquisition-70222.html
White Rock Minerals Ltd appoints Matthew Gill as managing director http://www.proactiveinvestors.co.uk/companies/news/147327/white-rock-minerals-ltd-appoints-matthew-gill-as-managing-director-70152.html White Rock Minerals Ltd (ASX:WRM) has appointed Matthew Gill as managing director and chief executive officer of the company.

Gill will lead the company towards commercial development of the Mt Carrington gold-silver project in New South Wales.

White Rock recently outlined a conditional financing package involving US$19 million of gold streaming finance for the Mt Carrington Project.

A completed scoping study supports the development of the project and forecasts a 7 year mine life with a net present value of $60.6 million.

The Mt Carrington Project has a mineral resource totalling 338,000 ounces of gold and 23.4 million ounces of silver.

 

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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Mon, 01 Aug 2016 06:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/147327/white-rock-minerals-ltd-appoints-matthew-gill-as-managing-director-70152.html
Ausgold Ltd teams up with engineering partner for Katanning Gold http://www.proactiveinvestors.co.uk/companies/news/132557/ausgold-ltd-teams-up-with-engineering-partner-for-katanning-gold-70131.html Ausgold Ltd (ASX:AUC) has appointed GR Engineering Services Ltd (ASX:GNG) as its preferred provider of engineering services for the Katanning Gold Project in Western Australia.

GRES will provide services associated with the feasibility study, engineering design, construction and commissioning of processing facilities at Katanning, located 275 kilometres southeast of Perth.

Geoffrey Jones, managing director of GR Engineering, has been appointed to Ausgold’s board as a non-executive director.

Geoffrey Jones is a civil engineer with over 30 years’ experience and is currently the non-executive director of Marindi Metals Ltd (ASX:MZN) and Azumah Resources Ltd (ASX:AZM).

Earlier this month, Ausgold completed a share placement at $0.05 per share, raising $1.05 million.

The proceeds of the placement will be used to accelerate the company’s exploration and resource development programs at Katanning.

The current total mineral resource for the Katanning Gold Project is 16.4 million tonnes at 1.21 g/t for 637,330 ounces gold.

During the coming months, Ausgold plans to complete a maiden reverse circulation drilling program at the Datatine prospect, following the recent high-grade drill results from the White Dam prospect.

The high-grade assay results from White Dam included 9 metres at 8.15 g/t gold from 145 metres including 5 metres at 14.25 g/t gold.

The funding will also allow Ausgold to undertake an aeromagnetic survey across the company’s regional tenements at Katanning, with the objective of identifying further drill targets.

 

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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Mon, 01 Aug 2016 01:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/132557/ausgold-ltd-teams-up-with-engineering-partner-for-katanning-gold-70131.html
A1 Consolidated Gold Ltd raising funds for gold in Victoria http://www.proactiveinvestors.co.uk/companies/news/131415/a1-consolidated-gold-ltd-raising-funds-for-gold-in-victoria-70006.html A1 Consolidated Gold Ltd (ASX:AYC) is an emerging junior Victorian gold producer that is developing the A1 Gold Mine.

The company’s has a fully permitted 150,000tpa gold processing facility.

A1 Consolidated has today been granted a trading halt by the ASX, pending details of a capital raising.

The halt will remain in place until the opening of trade on Wednesday 27th July 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 25 Jul 2016 03:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/131415/a1-consolidated-gold-ltd-raising-funds-for-gold-in-victoria-70006.html
Cardinal Resources Ltd continues to reveal world-class gold potential http://www.proactiveinvestors.co.uk/companies/news/134126/cardinal-resources-ltd-continues-to-reveal-world-class-gold-potential-70005.html Mon, 25 Jul 2016 00:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/134126/cardinal-resources-ltd-continues-to-reveal-world-class-gold-potential-70005.html Alicanto Minerals Ltd to reveal project acquisition http://www.proactiveinvestors.co.uk/companies/news/131678/alicanto-minerals-ltd-to-reveal-project-acquisition-69985.html Alicanto Minerals Ltd (ASX:AQI) has a project acquisition update to provide, with the ASX granting the company a trading halt to prepare details.

Alicanto recently received an investment from clients of and affiliates of the Sprott Group of companies, a renowned North American investment group.

The halt will remain in place until the opening of trade on Tuesday 26th July 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 22 Jul 2016 03:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/131678/alicanto-minerals-ltd-to-reveal-project-acquisition-69985.html
Cardinal Resources Ltd widens gold mineralisation with new drilling http://www.proactiveinvestors.co.uk/companies/news/134125/cardinal-resources-ltd-widens-gold-mineralisation-with-new-drilling-69955.html Thu, 21 Jul 2016 01:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/134125/cardinal-resources-ltd-widens-gold-mineralisation-with-new-drilling-69955.html Cardinal Resources Ltd issues first tranche of placement shares http://www.proactiveinvestors.co.uk/companies/news/134124/cardinal-resources-ltd-issues-first-tranche-of-placement-shares-69890.html Cardinal Resources Ltd (ASX:CDV) has now finalised tranche 1 of a placement by issuing 55.5 million shares, with the final 19.5 million shares subject to shareholder approval at a general meeting to be held in August 2016.

The placement was priced at $0.29.

Shares in Cardinal continue to rally, last trading at $0.32, more than five-times higher than a year ago.

Driving the share price has been drilling success at the company’s flagship Namdini Gold Project in Ghana.

Namdini is emerging as a world-class gold project, following the discovery of over 300 metre mineralised gold zones.


News flow pending

With assays pending for 22 holes, this stream of news flow is expected to continue as Cardinal builds towards a maiden Exploration Target in the September quarter.

 

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 02:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/134124/cardinal-resources-ltd-issues-first-tranche-of-placement-shares-69890.html
Renaissance Minerals Ltd granted halt pending corporate transaction http://www.proactiveinvestors.co.uk/companies/news/142405/renaissance-minerals-ltd-granted-halt-pending-corporate-transaction-69873.html Renaissance Minerals Ltd (ASX:RNS) has been granted a trading halt by the ASX today, pending details in relation to a potential material corporate transaction.

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

The company recently entered into a Joint Venture Agreement with Emerald Resources Ltd (ASX:EMR).

Both companies have commenced together a gold exploration program focused on drill testing at the Okvau deposit in Cambodia.

 

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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Mon, 18 Jul 2016 06:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/142405/renaissance-minerals-ltd-granted-halt-pending-corporate-transaction-69873.html
Ausgold Ltd to lift cash position ahead of gold drilling http://www.proactiveinvestors.co.uk/companies/news/132556/ausgold-ltd-to-lift-cash-position-ahead-of-gold-drilling-69837.html Ausgold Ltd (ASX:AUC) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

Ausgold currently has a focus on drilling at the Katanning Gold Project, located in Western Australia.

The halt will remain in place until the opening of trade on Tuesday 19th July 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 15 Jul 2016 04:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/132556/ausgold-ltd-to-lift-cash-position-ahead-of-gold-drilling-69837.html
A1 Consolidated Gold Ltd mills high-grade gold from Victorian mine http://www.proactiveinvestors.co.uk/companies/news/131414/a1-consolidated-gold-ltd-mills-high-grade-gold-from-victorian-mine-69810.html A1 Consolidated Gold Ltd (ASX:AYC) has milled 1,558 tonnes at 24.9 g/t gold mined from the A1 Gold Mine near Woods Point, Victoria during June.

The milling was done at the Porcupine Flat processing Plant near Maldon and achieved 97.8% recovery. A1’s gold sales in June were in excess of $1.4 million.

The mined ore was obtained from drilling at the A1 Gold Mine as part of a resource upgrade for the Phase 1 Drill Target area.

Phase 1 Drill Target area is only a small portion of the much larger resource at A1 Gold Mine of 281,200 ounces gold.

The total resource at Phase 1 Target Area has been updated to 9,600 ounces, including a maiden measured resource of 5,000 tonnes for 2500 ounces of gold at a high grade of 15.53 g/t.

Moving forward, it is anticipated that the company will mine the bulk of the ore tonnes at Phase 1 with mechanised methods and will utilise a team of airleg miners to exploit the periphery of the orebody.

Meanwhile, A1 is undertaking considerable work to upgrade and improve the A1 Gold Mine’s services and networks to resume mechanised mining.

This includes upgrades and development work on ventilation network, primary pumping system, emergency escape ways and ground support of permanent excavations.

Gold price in Australian Dollars has climbed to circa A$1772 an ounce.

 

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, 14 Jul 2016 05:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/131414/a1-consolidated-gold-ltd-mills-high-grade-gold-from-victorian-mine-69810.html
Cardinal Resources Ltd drills out 320 metre gold zone at Namdini http://www.proactiveinvestors.co.uk/companies/news/134123/cardinal-resources-ltd-drills-out-320-metre-gold-zone-at-namdini-69811.html Thu, 14 Jul 2016 01:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/134123/cardinal-resources-ltd-drills-out-320-metre-gold-zone-at-namdini-69811.html Cardinal Resources Ltd secures funds to define maiden gold resource http://www.proactiveinvestors.co.uk/companies/news/134122/cardinal-resources-ltd-secures-funds-to-define-maiden-gold-resource-69724.html Mon, 11 Jul 2016 02:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/134122/cardinal-resources-ltd-secures-funds-to-define-maiden-gold-resource-69724.html A1 Consolidated Gold Ltd boosts gold grade at Victorian mine http://www.proactiveinvestors.co.uk/companies/news/131413/a1-consolidated-gold-ltd-boosts-gold-grade-at-victorian-mine-69702.html A1 Consolidated Gold Ltd (ASX:AYC) has reported a 200% higher grade resource of 9,600 ounces gold at 10.50 g/t from Phase 1 Target Area of the A1 Gold Mine near Woods Point, Victoria.

The total resource at the project is 281,200 ounces.

This includes the first ever measured resource of 5,000 tonnes for 2500 ounces of gold at a high grade of 15.53 g/t.

A1’s drilling, assaying and modelling over the last 8 weeks is valued at over $17 million at today’s prices.

The best results from the drilling campaign includes 20.4 metres at 47.29 g/t gold and 10.95 metres at 24.47 g/t gold.

The drilling program at the A1 mine is being carried out by contracting partner PYBAR Mining Services.

The game changer for A1 is the company-owned, fully permitted 150,000 tonnes per annum Maldon gold processing facility in Victoria.

Milling continued in April 2016 with a further 348 ounces of gold poured and the company received revenue, net of refining charges, of $758,154 from sales of 463.5 ounces of gold and 56.7 ounces of silver.

 

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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Mon, 11 Jul 2016 00:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/131413/a1-consolidated-gold-ltd-boosts-gold-grade-at-victorian-mine-69702.html
Timpetra Resources Ltd to acquire NSW Murray Cod businesses http://www.proactiveinvestors.co.uk/companies/news/146523/timpetra-resources-ltd-to-acquire-nsw-murray-cod-businesses-69681.html Timpetra Resources Ltd (ASX:TPR) has signed binding term sheets to breed and grow Murray Cod as part of an acquisition of three aquaculture business in Riverina, New South Wales.

This would create a vertically integrated Murray Cod producer that would cover  the complete production lifecycle of the fish.

Pond grown Murray Cod are in growing demand from top-end restaurants and from Asian export markets,  occupying the premium end of the fin fish market.

The acquisition will include two farming properties (combined size of 173 hectares) with caged and stocked ponds.

The cost to acquire the businesses includes:

- a cash payment of $1,450,000;
- the issue of 38,571,429 fully paid ordinary shares and deferred shares and options;
- a cash payment of $1,100,000 and the issue of 40,714,286 shares and options;
- a cash payment of $550,000 and a cash payment of $1,300,000;
- the issue of 2,000,000 shares; and options/

Timpetra will undertake a capital raising of up to $10 million to fund the acquisition and expand the existing aquaculture operations to meet demand.

Murray Cod’s appearance and premium taste have reflected in average price of around $20/kg being paid for the fish at the farm gate.

The company will also seek shareholder approval to change its name to Ponde Aquaculture Ltd. Ponde is the Aboriginal name for the Murray Cod species.

The company would need to re-comply with Chapters 1 and 2 of the ASX Listing Rules.

The acquisitions are subject to a range of conditions including a minimum capital raising of $7,000,000.

Based on certain assumptions including a $10 million raisubg would place the company with a market capitalisation of $17,261,284 at an indicative $0.05 per share.

 

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, 07 Jul 2016 07:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/146523/timpetra-resources-ltd-to-acquire-nsw-murray-cod-businesses-69681.html
Kula Gold Ltd to reveal agreement for Woodlark Island http://www.proactiveinvestors.co.uk/companies/news/137920/kula-gold-ltd-to-reveal-agreement-for-woodlark-island-69678.html Kula Gold Ltd (ASX:KGD) has been granted a trading halt by the ASX, pending details of an agreement concluded on the company’s Woodlark Island Gold project in Papua New Guinea.

The halt will remain in place until the opening of trade on Monday 11th July 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 07 Jul 2016 05:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/137920/kula-gold-ltd-to-reveal-agreement-for-woodlark-island-69678.html
Cardinal Resources' MD Archie Koimtsidis talks to Proactive Investors TV http://www.proactiveinvestors.co.uk/companies/stocktube/5496 ASX:CDV) broad and high-grade gold discoveries keep coming from the Namdini Project in Ghana. With three rigs on site continuing to drill, newsflow will remain strong in the near-term. ]]> Thu, 09 Jun 2016 00:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/5496 Norton Gold Fields' Dianmin Chen says the company is on track to significantly increase production http://www.proactiveinvestors.co.uk/companies/stocktube/5549 ASX:NGF) CEO Dianmin Chen tells Proactive Investors the company is on the right track to reducing costs. ]]> Thu, 05 Dec 2013 23:06:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/5549 Nyota Minerals aims to produce gold by end of 2014 http://www.proactiveinvestors.co.uk/companies/ceo_focus/5551 Nyota Minerals, talks about producing gold by the end of 2014, 100,000+ ounces of gold per year, 1.67 million ounces at 2.9 grams per tonne, extensions open in all directions, International Finance Corporation, first mover advantage, huge opportunities, and a very large landholding (May 2012). ]]> Wed, 16 May 2012 13:02:00 +0100 http://www.proactiveinvestors.co.uk/companies/ceo_focus/5551 Nyota Minerals CEO says 2012 looks very exciting for the company http://www.proactiveinvestors.co.uk/companies/stocktube/5550 Nyota Minerals (LON:NYO, ASX:NYO), tells Proactive Investors that the company is in the right place at the right time and with the expected developments this year Richard says that he is very excited about the prospects. He also talks about the share price. ]]> Tue, 31 Jan 2012 10:57:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/5550