THE ROADHOUSE PHARMACY: Progen Pharmaceuticals (ASX: PGL) has completed assessment of the second patient cohort in the company’s PG545 Phase 1 clinical trial. Progen said it had, in conjunction with with an independent medical monitor and the co-ordinating investigators, reviewed the safety data from this cohort and all involved have agreed to progress to the […]
THE ROADHOUSE BOWSER: Carbon Energy (ASX: CNX) has announced an increase in its Proved and Probable (2P) Surat Basin gas Reserves to 1,128 petajoule (PJ) (1 trillion cubic feet (Tcf)) of natural gas equivalent or 188 million barrels of oil equivalent (mmboe). The company said the result has made it the fifth largest 2P gas […]
THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has received more results from the maiden drill program underway at the company’s 100 per cent-owned Commonwealth project located north of Orange in New South Wales. The company claims the latest results have further extended the high-grade, near surface deposit at Commonwealth South. Reverse circulation (RC) drill hole […]
THE BOURSE WHISPERER: Australian Bauxite (ASX: ABX) has been granted its first mining lease, ML1961 at its Bald Hill project in Northern Tasmania by the State’s Minister for Resources, Paul Harriss. The company said a Development Proposal and Environmental Management Plan has been lodged with the Environmental Protection Agency and is being sent to local […]
THE FUND RAISER: A mixed bag of methodology on the fund raising front this week. Placement & SPP Valence Industries (ASX: VXL) has received commitments from Institutional and sophisticated investors for a placement of new shares to raise $12 million (before costs) at an issue price of 70 cents per share. A Share Purchase Plan […]
WHAT THE ANALYSTS SAY: Interesting news and views from across the Resource Analyst universe. Website: www.breakawayresearch.com Company: Volta Mining (ASX: VTM) Volta Mining (ASX: VTM) has a quality iron ore exploration portfolio located within highly-prospective regions of the Pilbara region of Western Australia. A recently completed ‘stage-1’ RC drill program has identified significant widths of […]
THE ROADHOUSE BOWSER: AWE Limited (ASX: AWE), as Operator of the L1/L2 Joint Venture, announced initial Contingent Resource estimates for the Waitsia discovery (formerly Senecio Deep) located in the north Perth Basin. After initial analysis of data from the Senecio-3 well, and the existing 3D seismic, AWE has estimated the Kingia/High Cliff Sandstone intervals in […]
THE ROADHOUSE PHARMACY: Rhinomed (ASX: RNO) has struck a distribution agreement with Japanese sporting goods wholesaler, Trisports to distribute the company’s Turbine® range of technologies into the Japanese cycling, triathlon and sporting goods retail sector. The result of the deal is that Trisports is to be appointed as the Japanese wholesale distributor for the growing […]
THE DRILL SERGEANT: Each week any number of junior exploration plays set out to drill their ground. Here’s a small selection of what’s been happening this week. $125,000 co-funding for drilling program Impact Minerals (ASX: IPT) is to receive $125,000 under the New South Wales State Government’s Co-operative Drilling Funding Program. The cash will help […]
THE DRILL SERGEANT: Investigator Resources (ASX: IVR) has received initial results from the recommencement of drilling around the company’s 100 per cent-owned Paris silver project on South Australia’s Eyre Peninsula. The company reported the first batch of assays have shown silver intersections in a step-out program around Paris and the first copper hits as well […]
