IRG Share Price Button  
 

Annual Report 2014

Download PDF

Subscribe to IRG Email Updates

Vertical Tabs

Integrated Resources Group Limited

Integrated Resources Group Limited (ASX:IRG) is an Australian Listed Mining and Exploration Company.

 

The Company is focused on exploring and developing high grade copper deposits in Zambia to generate value for shareholders.

IRG is actively exploring its prospective flagship Kalengwa South Project and plans to grow its portfolio of quality exploration projects to become a major copper explorer and developer in Zambia.

Map of Kalengwa South Project Showing Prospect Areas and Historic Exploration Results

 

The Company also holds the Lyndon Base Metals project located in Western Australia.

Proactive Investors

Galaxy Resources, Telstra, Lynas Corporation among Friday’s Volume Leaders

Friday’s leading volume stocks on the ASX.

NameCodeLastChangeVolume
Galaxy Resources ASX:GXY $0.038 26.667% 123,838,594
Condor Blanco Mines ASX:CDB $0.001 0% 98,914,277
Telstra Corporation ASX:TLS $5.630 0.716% 33,801,494
Lynas Corporation ASX:LYC $0.066 -1.493% 29,088,822
Arunta Resources ASX:AJR $0.002 0% 25,699,337
Scentre Group ASX:SCG $3.540 1.433% 24,297,294
Virax Holdings ASX:VHL $0.010 11.111% 24,237,870
Queensland Bauxite ASX:QBL $0.027 3.846% 23,546,388
Nemex Resources ASX:NXR $0.070 18.644% 22,265,721
Focus Minerals ASX:FML $0.010 -9.091% 21,033,975

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

ASF Group updates Gold Coast integrated resort development

ASF Group (ASX:AFA) and its consortium partners have lodged the Request for Detailed Proposal with the Queensland Government in relation to the next stage of their proposal for the Gold Coast Integrated Resort development.

The development is a multi-billion integrated resort and cruise ship terminal that could create 1300 construction jobs and more than 10,000 ongoing operational jobs.

It also includes a marina, retail entertainment, hospitality, community open space, recreation facility and residential development.

Over the past few months, AFA has commissioned a range of studies to identify gaps in available technical and environmental information to ensure information needed to commence the next stage of project assessment and approvals.

Some of this includes modelling of tidal flows to show reduced flooding impact, traffic modelling, ferry terminal logistics and marine modelling to future proof the cruise ship terminal location.

AFA has also identified a need for more environmental studies such as migratory bird count and a better understanding of the dugong population.

The development of the resort and cruise ship terminal is a large scale undertaking with its consortium partners.


Unique ASX Company


AFA is unique among ASX-listed public companies in Australia.

It is a Sino-Australian investment and trading house which focuses principally on the identification, incubation and realisation of opportunities in areas of synergy between China and Australia.

These include ventures involving oil and gas, resources, property, infrastructure, travel and financial services.

It recently raised $10 million via a fully underwritten rights issue at $0.18.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Kunene Resources and First Quantum drilling for copper in Namibia

Kunene Resources (ASX:KNE) has commenced drilling at Okanihova copper target within its Kaoko Project in Namibia.

In March, First Quantum Minerals (TSE:FM) signed on to earn an interest in the project.

First Quantum is committed to minimum expenditure of US$2 million by July 2015 with an option to spend further US$5 million for 51% by June 2017.

First Quantum can also sole fund through to decision to mine for 80%, with decision to mine to be based on a minimum inferred resource size of 2 million tonnes contained copper.

The initial program will test induced polarisation anomalies which correlate well with magnetism and copper-in-soil result.

Around 12 kilometres of strike along the Okanihova lineament expressed by the remnant magnetic anomaly remains to be tested.

Earlier this month, Kunene secured the 576 square kilometre Alcoutim project in Portugal, which is prospective for copper, gold, and zinc.

Kunene concurrently entered into Joint Venture agreement with private funding partner to fund exploration on Alcoutim.

The partner is committed to meet first year exploration commitment with a right to fund €1.2 million for 51% of the project, and a further €1.2 million for a total of 80%.

The Iberian Pyrite Belt, where the project is located, is one of the largest Volcanogenic Massive Sulphide provinces in the world with over 250 copper deposits.

Capitalised at just $1.5 million, with 39 million shares and $850,000 cash, Kunene is leveraged to strong exploration assays.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Neon Energy’s 3D seismic could unlock North West Shelf oil potential

Neon Energy (ASX:NEN) will shoot 3D seismic designed to unlock the oil potential of its WA-503-P permit in the North West Shelf offshore Western Australia.

The permit is located on trend with a number of oil and gas discoveries.

These include the Legendre field that produced over 40 million barrels of oil before decommissioning and the Hurricane discovery that is thought to be of similar size.

Neon has awarded a contract to CGG Services for the acquisition of 200 square kilometres of new broadband 3D seismic over the permit.

This is expected to be completed by early 2015, giving it a high-resolution dataset that can be accurately correlated to both well data and regional geology.

It will also meet the company’s firm work commitment for the block, which is required to be fulfilled by May 2015.

Two wells have been drilled within WA-503-P to date, confirming the presence of reservoir targets and a working oil system.

In addition, the company has acquired data for the Hoss-1 well that was drilled by Apache Energy in 2012 near the northeastern boundary of WA-503-P.

Hoss-1 had encountered significant oil shows in M.Australis sandstone over a 100 metre gross interval.

These sands represent the primary target in Neon’s Bojangles prospect, which offers significant potential and exhibits an Amplitude versus Offset (AvO) anomaly in the existing 3D seismic data.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Mirabela Nickel granted trading halt

Mirabela Nickel (ASX:MBN) has been granted a trading halt by the ASX, pending an announcement in relation to a company update.

MBN's shares have been placed in pre-open.

September 2014 quarter highlights include:

- Production for the quarter of 2,628 tonnes of nickel in concentrate (Q2 2014: 2,767).

- Sales for the quarter of 2,823 tonnes of nickel in concentrate (Q2 2014: 2,366).

- Unit cash costs of US$9.02/lb for the quarter (Q2 2014: US$8.43/lb).

- Year-to-date production of 8,333 tonnes of nickel in concentrate at an average unit cash cost of US$8.22/lb.

- Average mined nickel grade of 0.43% for the quarter (Q2 2014: 0.42%) and total mining material movement of 6.7 million tonnes (Q2 2014: 5.6 million tonnes).

- Processing plant throughput for the quarter of 1.5 million tonnes (Q2 2014: 1.4 million tonnes).

- Average processing plant nickel recovery of 45% (Q2 2014: 49%) and average nickel feed grade of 0.39% (Q2 2014: 0.40%) for the quarter.

- Cash on hand and on deposit of US$34.14 million at quarter end (Q2 2014: US$62.42 million).

The halt will remain in place until the opening of trade on Tuesday 4th November, 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 “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Probiotec divests non-core asset

Probiotec (ASX:PBP) has entered a contract for the sale of its production facility in New South Wales for $2.2 million.

The facility catered for production of weight loss and sports nutrition products, which will now be consolidated into the company's main pharmaceutical facility in Victoria.

This will deliver operational savings as well as boosting cash reserves.

$1 million of the proceeds will be spent on the integration of the two operations into the single building, and the remaining $1.2 million will be used for debt reduction.

The company is involved in the manufacturer, marketing and distribution of a diverse range of prescription and over-the-counter pharmaceuticals, complementary medicines and specialty ingredients.

During the 2014 financial year the company booked $68.9 million in revenue for a net profit of $900,000.

The company seems lightly valued at $16 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Waratah Resources raises funds to develop commodities trading business

Waratah Resources (ASX:WGO) had raised $319,000 through a share placement to fund ongoing development of its Australian Commodities Division.
   
Proceeds from the issue of 31.9 million shares priced at $0.01 each to new and existing sophisticated investors will also be used to evaluate and assess its exploration assets in Gabon.

The company continues to work towards developing and implementing a logistics network for the supply of commodities by its Australian Commodities Division.

Earlier this year, it was offered three additional licences in Gabon.

These licences are located in strategic locations within Gabon, in different minerals encompassing nickel, gold, copper and rare earths.

Waratah plans to have a geologist on the ground in the current quarter to evaluate the potential of the new licences.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Riedel Resources, ORH Ltd, Rubianna Resources among ASX % Gainers

Friday’s leading ASX % Gainers at mid-day.

NameCodeLastChangeVolume
Riedel Resources ASX:RIE $0.014 55.556% 225,000
ORH Limited ASX:ORH $0.003 50% 3,000,000
Rubianna Resources ASX:RRE $0.020 42.857% 145,000
Subzero Group ASX:SZG $0.015 36.364% 204,121
Artemis Resources ASX:ARV $0.004 33.333% 210,000
Broken Hill Prospecting ASX:BPL $0.054 28.571% 133,320
Mint Wireless ASX:MNW $0.125 25% 8,735,418
Transaction Solutions International ASX:TSN $0.005 25% 4,160,000
Galicia Energy Corporation ASX:GAL $0.021 23.529% 20,000
Rubicor Group ASX:RUB $0.065 22.642% 32,454

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Paradigm Metals to make material acquisition

Paradigm Metals (ASX:PDM) is poised to make a material acquisition and has been granted an ASX trading halt to prepare its announcement.

In its September quarterly, it noted that it continued to review a number of new resource project opportunities both in Australia and overseas that will complement its current focus on base metals.

The company has also sold its White Rock Tungsten Project in New South Wales and is seeking parties interested in farming in to its remaining non-core base metals and silver project.

The halt will last until the earlier of the announcement being made or the commencement of trade on Tuesday, 4 November 2014.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.