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Annual Report 2013

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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

AusQuest expands Fraser Range nickel-copper footprint

AusQuest Limited (ASX:AQD) is expanding its tenement holding in the Fraser Range nickel-copper province of Western Australia.

The company has lodged a new Exploration Licence Application covering a ground package 60 kilometres south of Sirius Resources’ (ASX:SIR) Nova-Bollinger deposit, bringing its land holding in the area to 1,850 square kilometres.

The new application, Balladonia North, lies immediately north of AusQuest's Balladonia South tenement, and contains targets considered prospective for Nova-Bollinger-style discoveries.

These tenements straddle the south-eastern boundary of the Fraser Range Terrain, and coincide with a large gravity response.

Aeromagnetic data over the tenements highlight a number of inferred mafic intrusions both parallel to and cross-cutting the general trend of the Fraser Range Belt.

These intrusions are characterised by negative magnetic anomalies similar to those being tested by Sirius at their Crux and Centauri prospects.

The larger anomalies strike parallel to major north-east trending structures and represent priority nickel-copper sulphide exploration targets.

Native Title approval was recently obtained for the southern tenement which should allow the title to be granted within the coming months, whilst Native Title approval for the northern tenement will take around four months.

Surface sampling and helicopter electromagnetic surveying will be used to identify targets for drilling.

 

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.

Outback Metals, ORH Limited, Arc Exploration among ASX % Gainers

Monday’s leading afternoon ASX % Gainers.

NameCodeLastChangeVolume
Yanghao International ASX:YHL $0.300 200% 19,540
Outback Metals ASX:OUM $0.002 100% 500,000
Ord River Resources ASX:ORD $0.002 100% 1,000,000
ORH Limited ASX:ORH $0.004 100% 3,500,000
iCash Payment System ASX:ICP $0.078 56% 20,000
Modun Resources ASX:MOU $0.003 50% 18,217,253
Tychean Resources ASX:TYK $0.003 50% 64,431,997
Arc Exploration ASX:ARX $0.006 50% 7,752,012
Anittel Group ASX:AYG $0.004 33.333% 600,333
Paradigm Metals ASX:PDM $0.004 33.333% 2,500,000

 

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.

Mission NewEnergy partners with world’s largest palm oil producer

Mission NewEnergy (ASX:MBT) has entered into a Memorandum of Understanding with Benefuel Inc., a U.S. based technology provider which has developed and validated a patented biodiesel production process.

Benefuel is the world’s largest palm oil producer.

MBT's biodiesel refinery will be retrofitted using Benefuel US proprietary “ENSEL®” technology that will allow MBT’s 250,000 tpa biodiesel refinery to be commissioned and operated using lower cost feedstock.

In addition, parties are looking at opportunities to set up a joint venture company in Malaysia to own and operate the biodiesel refinery together with an integrated palm plantation company.

Pursuant to the joint venture, Mission’s Malaysian subsidiary simultaneously signed a Plant Purchase Agreement to sell
its 250,000 tpa biodiesel refinery to the joint venture company for a sum of US$22.5 million.

All conditions precedent to the transaction are expected to be completed by the fourth quarter of 2014.

MBT will utilise a significant portion of the proceeds from the sale for debt reduction, and will set aside $4 million in a designated account pursuant to a consent order recorded by the High Court in Malaysia pertaining to the ongoing Malaysian arbitration proceedings with a contractor.

With the sale of the biodiesel refinery to the joint venture company, the restructuring plan embarked in 2012 will be complete.

MBT will retain a 20% equity stake in the refinery through the joint venture.

The first 100,000 tpa refinery which Mission sold last year is now operating profitability at near full capacity, and MBT expects this second refinery will perform at a higher level.

MBT is currently reviewing several business opportunities, with its focus on income generating businesses with growth potential in the energy, biomass to energy, oil and gas sectors.

The company is capitalised at around $250,000.

 

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.

Maximus Resources hits high grade copper and zinc at Narndee

Maximus Resources (ASX:MXR) has revealed further significant assay results from recently completed drilling on the Narndee poly-metallic project in the Murchison region of Western Australia.

New assay results include 1 metre at 3.83% copper from 61 metres, 1 metre at 1.63% zinc from 74 metres, and 10 metres at 0.46% copper.

The program was designed to test new targets identified during the Induced Polarization survey completed earlier in the year, in addition to testing previously identified targets to a depth of 210 metres.

Results confirm the existence of at least two poly-metallic structures that appear to be separated by fault structures, as identified in the initial investigation phase in 2011.

Maximus is now planning further ground electromagnetic investigation to determine the extent of the system, followed up by additional drilling to test the lateral and depth extent of these new poly-metallic systems.

The company also controls numerous copper and gold projects in South Australia, including joint venture interests over 2,342 square kilometres within the Olympic IOCG province on the Gawler Craton.

Maximus retains around $600,000 in cash and is lightly valued at under $2 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.

Atlantic Gold Corporation to acquire Canadian gold explorer

Atlantic Gold Corporation (ASX:ATV, TSX-V:AGB) has entered into a share purchase agreement with LionGold Mining Canada Inc. and LionGold Corp to acquire Acadian Mining Corporation for 8.9 million AGB shares and $4 million in cash.

AGB currently holds around $20 million in cash and is capitalised at $46 million.

The assets of Acadian consist of the Beaver Dam and Fifteen Mile Stream gold projects, located proximal to AGB's recently acquired Touquoy and Cochrane Hill Projects, and a portfolio of exploration properties in Nova Scotia, Canada.

This transaction will creation a district-scale gold development camp in a mining-friendly jurisdiction and significantly increase AGB's known resource base.

The acquisition includes portfolio of 1% NSR royalties on three past producing gold mines in Nova Scotia.

The Beaver Dam property is located 20 kilometres north-east of Atlantic’s Touquoy property, and boasts mineral resources of 299,000 ounces gold and Inferred resources of 139,000 ounces gold.

The Fifteen Mile Stream Property lies 37 kilometres north-east of Touquoy, with inferred resources of 444,000 ounces of gold.

 

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.

Aluminum price has record win streak as supply bites

Aluminum is one of the best performing commodities this year, with the price jumping 16% during 2014 as stockpiles fall and demand increases.

In August the metal gained for a seventh straight month, which is its longest ever streak of advances.

Aluminum added 0.7% to US$2,096.50 a ton on the London Metals Exchange (LME) on Friday, its best price since early 2013.

Aluminum is an industrial metal, and with the U.S. economy growing more than forecast for the June quarter, it is expected that the world's biggest economy require more and more aluminum.

Demand is expected to firm from car and plane manufactures, who use the metal to replace heavier steel.

Highlighting the shortfall, stockpiles tracked by the LME have fallen to a two year low.

There are forecasts that demand for the metal will exceed production by 1.8 million tons this year and 1.5 million tons in 2015.

This is good news for Australian bauxite developers, given that bauxite production is processed first into alumina, and then into aluminium.

Indonesia has already placed an unprocessed export ban on bauxite, with India set to increase export tax on bauxite to 20%.

 

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.

Buxton Resources goes to market

Buxton Resources (ASX:BUX) is heading to market with a capital raising. The ASX has granted the company a trading halt to organise.

Just last month the company intersected high-grade graphite from diamond drilling at the Yalbra Graphite Project, located east of Gascoyne Junction in Western Australia.

Buxton owns 85% with Montezuma Mining Company (ASX:MZM) holding the remaining 15% of tenement (E09/1985).

Recent results included 30 metres at 22.5% Total Graphitic Carbon from 17 metres.

The halt will remain in place until the opening of trade on Wednesday 3rd September 2014, or earlier if an announcement is made to the market.

 

Universal Biosensors banks $8M tax refund

Universal Biosensors (ASX:UBI) has received $8 million in cash under the research and development tax incentive relating to its 2013 financial year expenses.

It is expected that research and development expenses incurred in the current financial year will also be eligible for rebate.

The funds bolster UBI's cash reserves and provides non-dilutive capital for its pipeline of point-of-care diagnostics products.

Revenue generated from UBI's sales of its OneTouch Verio blood glucose test strips during the quarter was $1,369,529.

This represents an increase of 80% when compared to the same period in the previous financial year, and an increase of 13% compared to the previous quarter.

UBI also continues to advance four new products for the US$1 billion point-of-care coagulation testing market.

The first of these products is targeted for launch before the end of the 3rd quarter this year, and on 24th June UBI received first commercial order from Siemens to manufacture the associated strips.

The other three point-of-care coagulation testing products also remain on track for their 2015 launch target.

UBI's cash balance is now around $23 million following the tax rebate, and the company is capitalised at $32 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.

Noni B granted halt, to divulge material transaction

Retail fashion group Noni B Limited (ASX:NBL) is preparing to outline details of a potential material transaction.

The company recently released FY14 results of an underlying after-tax loss of $2.3 million, compared to a $1.5 million profit in the previous corresponding period.

FY14 sales were $112.1 million in FY14, or 7% lower than the previous year.

The company had $5.3 million in cash at the end of June 2014.

The halt will remain in place until the opening of trade on Wednesday 3rd September 2014, 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.