Essential Assets for November 12

November 12, 2014 08:26 AM

The Ministry of Natural Resources is pleased to announce an increase in oil export from the Kurdistan Region of Iraq. Daily flow rates through the Kurdistan crude pipeline to Turkey have risen from 185,000 in August to nearly 300,000 in the first week of November, representing an increase of some 60 percent over the last four months.

Decmil Group Limited is pleased to announce that it has agreed terms for the acquisition of the business assets of SAS Telecom Pty Ltd

Altech Chemicals Limited (formerly Australia Minerals and Mining Group Limited) is pleased to announce that the new Company name Altech Chemicals Limited was approved by shareholders at the recent annual general meeting (AGM) and will take effect from Monday, Nov. 10, 2014.

Excelsior Gold Limited advises that Reverse Circulation (“RC”) development drilling is in progress at its 100% owned Zoroastrian prospect within the Kalgoorlie North Gold Project. Two drill rigs are currently on site. The drilling is being conducted to finalise gold resource estimates ahead of mine design studies to facilitate initial open pit mining on the Project.

The Directors of Jacka Resources Limited are pleased to advise that Strachan Corporate has issued a research report on the Company. The research states that Jacka’s appealing portfolio of development, appraisal and exploration properties should attract funding and operating partners or a merger opportunity to take the assets forward.

White Star Resources Limited is pleased to advise that the Spookfish Technology Demonstrator continues to progress according to schedule. The revolutionary camera system is being assembled in the workshop and undergoing final testing prior to being installed on the aircraft ready for flight testing. The assembly process requires precise tolerances and involves the use of advanced technology to execute correctly. The Spookfish Technology Demonstrator has been designed and built to test key aspects of the revolutionary Spookfish Technology including camera system, data storage, processing and flight operations which will then be scaled up in 2015 for the Spookfish commercial offering.

Leading engineering company Monadelphous Group Limited today announced it has been awarded construction contracts for customers in the oil and gas and infrastructure markets, with a combined value of approximately $90 million.

Blackham Resources Limited is pleased to provide a geological review of the nickel sulphide prospects within its Matilda Gold Project in Western Australia. The Wiluna Nickel Sulphide Project (WNP) comprises a nickel-prospective ultramafic package of 40km strike extent in the prolific Agnew-Wiluna greenstone belt. The belt is host to world-class Ni sulphide deposits including Honeymoon Well, Mount Keith, Cosmos, and Perseverance among many others.

St. George Mining Limited is pleased to report that a new EM conductor has been identified by the downhole electromagnetic (DHEM) survey completed at the Windsor nickel sulphide prospect at the Company’s 100% owned East Laverton Property in Western Australia.

Aspen Group announces that it has instituted the sale of stapled securities for holders of unmarketable parcels in the Aspen Group. The ASX Listing Rules define an unmarketable parcel as those with a market value of less than $500.00. As at 5:00pm (WST) on Nov. 7, 2014 (“Record Date”), an unmarketable parcel of stapled securities is any holding of 379 stapled securities or fewer, based on the closing price of $1.32. Aspen Group is offering this sale facility to assist holders of unmarketable parcels to sell stapled securities without having to use a broker or pay brokerage. Aspen Group will pay for all the cost of the sale for securityholders who use this facility, excluding tax consequences from the sale which remains securityholders’ responsibility.

Minbos Resources Limited is pleased to announce the appointment of experienced finance professional Stef Weber as Chief Financial Officer and Company Secretary effective immediately, following the resignation of Ms. Paige Exley as Company Secretary. On behalf of the Board, Non-Executive Chairman Mr Peter Wall conveyed his appreciation to Ms Exley for her valuable contribution to the Company and wished her well in her future endeavours.

The Directors of Jacka Resources Limited are pleased to announce the appointment of Mr Andrew Gastevich as Chief Financial Officer (“CFO”) of the Company. Andrew will assume the CFO duties from Richard Aden, who departs Jacka after spending 5 years with the company. We thank Richard for his significant contribution to the establishment and development of the Company and wish him well.

Segue Resources Limited is pleased to announce that the maiden diamond and reverse circulation (RC) drilling program at the Plumridge Nickel Project in the Fraser Range Province has been completed and the results of this work are considered highly encouraging.

Rox Resources Limited is pleased to report that a follow-up reverse circulation (RC) drilling program has commenced at the Bonya copper project, located 350km east of Alice Springs in the Northern Territory.

Cardinal Resources Limited advises that recent drilling and assay results confirm that a long gold mineralised intersection has amalgamated the main and second sub-parallel zones of gold mineralisation at the Namdini Mining Licence located within Cardinal’s Bolgatanga Project in Ghana.

PLD Corporation Limited is pleased to advise of assay results from an initial near surface RC Drilling program at the Octagonal Nickel Prospect (formerly M19 & M20 targets), where nickel copper sulphides were previously identified.

About the Author

Skylar Zhang is an undergraduate student at Northwestern University's Medill School of Journalism, focusing on magazine journalism. She is also majoring in economics. She is currently an intern for Futures magazine. In her free time, she enjoys writing, taking pictures, and beating her engineering friends at math.