Venturex Resources (ASX: VXR)
Venturex releases positive feasibility study
Venturex Resources (ASX: VXR) Definitive Feasibility Study (DFS) results from its wholly-owned Pilbara Copper-Zinc Project in the Pilbara region of WA.
AJ Lucas (ASX: AJL)
U.K. fracking ban reversal to benefit AJ Lucas
AJ Lucas (ASX: AJL) shareholders were cheering today as the stock rallied 53.9% to $1.40 following the announcement by the U.K. government last week that it will, in principle, allow for the resumption of hydraulic fracturing (or “fracking”).
MGT Resources (ASX:MGT)
Tin explorer MGT plans to list on the ASX
The ASX is about to welcome a tin explorer to the fold, a rarity, but nonetheless a company with prospects as exciting as they are unusual.
International Coal (ASX: ICX)
International Coal adds Surat Basin coal to its portfolio
International Coal (ASX: ICX) signed a farm-in agreement over 132km2 of tenements as part of its move into Queensland’s Surat Basin. The deal struck with Coal Face Resources will give ICX exposure to high-quality, low-ash, and high-yield thermal coal at open cut depths.
Base Resources (ASX: BSE)
Things are looking up for Base Resources
After a string of broker downgrades as part of a broader base mineral sands outlook downgrade, the shareholders of Base Resources (ASX: BSE) have something to smile about.
Iluka Resources (ASX: ILU)
Goldman Sachs downgrades mineral sand producers
It has been a tough year for Iluka Resources (ASX: ILU) and times just got tougher. Analysts at Goldman Sachs downgraded ILU today from buy to sell, resulting in a 6.94% drop in its share price.
Carabella Resources (ASX: CLR)
Yesterday, Carabella Resources (ASX: CLR) announced its decision to go ahead with a Feasibility Study (FS) on its Grosvenor West Hard Coking Coal Project (100% CLR), located in the northern Bowen Basin of Queensland.
Flinders Mines (ASX: FMS)
Dog of the Week: Flinders Mines (ASX: FMS)
Flinders Mines (ASX: FMS) dropped from 30c to 25c this week after the Russian consortium that were looking to take them over had their application rejected in the Federal Court. Flinders has a swag of iron ore ground in the Pilbara region and, according to the company, the Russians weren’t the only ones looking at its data room. Rio Tinto, Anglo America and at least one Chinese buyer have all spent time looking over the numbers.
Leighton Holdings (ASX: LEI)
Dog of the Week, 30 Mar 2012
Leighton Holdings (ASX: LEI) downgraded earnings guidance AGAIN on Thursday, stating that setbacks at the Airport Link and the Victorian desalination plant will wipe $254 million from earnings. Leighton is now expecting to post an underlying net profit of between $400-450 million, compared with previous guidance of $600-650 million. The question now is could it seriously be possible for Leighton to cut guidance again before it reports full year results?