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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

Pan Pacific Petroleum, Cromwell Property Group among Friday’s Volume leaders

Friday’s leading volume stocks on the ASX.

NameCodeLastChangeVolume
Pan Pacific Petroleum ASX:PPP $0.064 20.755% 66,360,612
Cromwell Property Group ASX:CMW $1.005 -3.365% 60,630,654
Sun Resources ASX:SUR $0.010 -9.091% 52,206,217
Quickflix Limited ASX:QFX $0.013 18.182% 45,662,736
Telstra ASX:TLS $5.560 0.361% 45,322,060
Dexus Property Group ASX:DXS $1.205 0.417% 37,215,004
Fortescue Metals Group ASX:FMG $4.170 0.725% 35,967,350
Soilsub Technologies ASX:SOI $0.002 0% 31,978,119
Qantas Airways ASX:QAN $1.470 6.137% 28,582,425
Blaze International ASX:BLZ $0.001 0% 26,627,449

 

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 to reveal joint venture

Renewable energy company Mission NewEnergy (ASX:MBT) is set to reveal details regarding a significant joint venture transaction, with the ASX granting the company a trading halt to prepare.

The company's assets include a 250,000 tonnes per annum of biodiesel refinery located at Kuantan Port in Malaysia, and a joint venture into an oleochemical project in Indonesia.

The halt will last until the opening of trade on Tuesday 2nd 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.

IM Medical raising $6M for data centre acquisition

IM Medical (ASX:IMI) is seeking to raise between $6 million and $8 million at a post consolidation price of $0.20.

The raising is underwritten up to the minimum of $6 million.

Investors will also receive 1 free listed option for every 3 shares subscribed exercisable at $0.25 on or before 30 September 2017.

Proceeds of the raising will be directed towards proposed acquisition of ADX Management, which is being acquired in exchange for $6 million worth of IMI shares based on an issue price of $0.002.

Funds will also be used to invest in $3 million in convertible notes in the trust and for general working capital purposes.

The company has entered into an agreement with Patersons Securities to underwrite the capital raising up to the minimum raising of $6 million.

ADX is a specialist management company, manager of the Australian Data Exchange Trust, and is focussed on becoming a leading provider of data centre, disaster recovery and technology solutions in Australia.

The Trust has entered into an exclusivity agreement to acquire a 24,000 square metre property at Tullamarine in Victoria for conversion into a major data centre.

IMI, through ADX, expects to receive management fees as manager of the Trust, based on the Trust's gross asset value, property acquisition and fit-out fees, and performance fees.

The Trust is also in discussions regarding other suitable properties for conversion and development into data centres,

IMI will receive a Responsible Entity fee from the Trust equivalent to 1% of the gross assets of the trust per annum.

The Australian data centre services market is forecast to hit revenues of over $1.7 billion by 2020, and it is estimated that $8 billion worth of additional data centre facilities will be needed.

 

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.

Chrysalis Resources kicks off more copper drilling in Zambia

Chrysalis Resources (ASX:CYS) has commenced reverse circulation drilling on its Bulala Hills copper project in south-western Zambia.

The program aims to identify potential for economic copper mineralisation within a semi-continuous 1 kilometre by 4.5 kilometre copper-in-soil anomaly containing 107 XRF values greater than 200ppm.

Drilling is targeting high grade supergene copper mineralisation beneath the highest copper-in-soil results including 1100ppm, 1066ppm, 971ppm and 818ppm from within the central parts of the anomaly.

Mapping, and interpretation of airborne magnetic data suggests that copper mineralisation is associated with a steeply dipping shear zone containing a quartz porphyry intrusive displaying strong argillic alteration and a hematite breccia unit on its northern contact.

The program is expected to be completed in 2 to 3 weeks. 

Chrysalis has also recently commenced a 4,400 metre aircore drilling program on its Kabwima copper project in north-western Zambia.

This program aims to identify the potential for economic copper mineralisation within a 5.5 kilometre long, up to 1.6 kilometre wide, continuous copper-in-soil anomaly of greater than 100ppm.

The current geological model here focuses on supergene copper enrichment at 30 metres below surface near the faulted contact between carbonate and graphitic shale units.

Chrysalis also holds zinc-lead prospects in Western Australia at Gregory Range, where it recently identified historic zinc-lead intersections drilled by WMC and BHP between 1985 and 1996.

Infill drilling and follow-up drilling along strike is planned.

Chrysalis is lightly valued at under $4 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.

YPB Group makes mark with anti-counterfeit smartphone app

YPB Group (ASX:YPB) shares have lifted 150% this month to today's intra-day high of $0.40, from $0.16 on August 11th.

The company began trading on the ASX on August 7th at its IPO price of $0.20, and last traded at $0.35.

YPB has developed a smartphone app that can detect the authenticity of branded items.

In addition the company has developed covert markers and additives - a range of stable microscopic, responsive compounds which can be applied to products before, during or after manufacture.

These are designed and tested to match the chemical properties and environment of each customer product substrate.

They may be applied to all forms of materials including polymers, pigments, dyes, inks and surface coatings, fabric fibres, composites and other materials.

YPB's markers and additives are then detected and decoded by YPB’s proprietary detection devices and scanners.

This enables instant infield authentication of products as either genuine or fake.

The YPB ‘talking scanner’ is unique to YPB, enabling brand owners to authenticate their products containing YPB’s visible and invisible covert forensic tracers.

 

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.

Solco Ltd, Anittel Group, Minera Gold among ASX % Gainers

Friday's leading ASX % Gainers at midday.


Solco Ltd (ASX:SOO) has agreed to acquire a group of energy service provider companies referred to as GO Group from Urban Group Energy Holdings.

CompanyCodeLastChangeVolume
Solco Ltd ASX:SOO $0.016 128.57% 1,412,838
Freshtel Holdings ASX:FRE $0.003 50% 349,552
Longreach Oil ASX:LGO $0.003 50% 15,000
Phosphate Australia ASX:POZ $0.016 45.46% 2,705,350
Anittel Group ASX:AYG $0.004 33.33% 7,931,300
Etherstack plc ASX:ESK $0.350 25% 28,000
Minera Gold ASX:MIZ $0.005 25% 1,000,000
Torian Resources ASX:TNR $0.005 25% 68,000
MHM Metals ASX:MHM $0.035 25% 197,063

 

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.

New Talisman Gold Mines to offer shortfall shares

New Talisman Gold Mines (ASX:NTL) plans to undertake an offer of up to 204,219,035 new shares from the shortfall of its pro rata 1 for 2 renounceable rights offer priced at $0.008 each that closed on 6 June 2014.

The rights offer was made to initiate production at the Talisman Mine in New Zealand and fund general working capital.

This had raised $634,069 from the issue of 78,722,716 shares.

NTL had recently increased its total gold resources by 25% to just under 250,000 ounces after estimating an Inferred and Indicated Resource of almost 2.4 million tonnes at 0.54 grams per tonne, or 41,591 ounces of contained gold at its Rahu exploration permit.

Talisman is located on the Coromandel Peninsula and had previously produced 1 million ounces of gold and 3 million ounces of silver.

The company had completed about 2,492 metres of drilling at Rahu, which together with previous drilling campaigns and geological investigations, provides evidence its mineralisation and alteration present represents the upper levels of and northern extension of the Talisman epithermal gold system.

It has filed an application to include Rahu into the Talisman permit, allowing for a natural extension of mining operations.

NTL was also earlier this month granted authorisation to enter and operate the Talisman gold mine permit.

A work program is currently underway to exploit target areas, including Rahu, while discussions are progressing with a major gold producer regarding the potential for a joint venture arrangement on exploration targets at Rahu.

Analysis

With the recent declaration of Resource over the Rahu exploration permit and grant of authorisation to operate the Talisman gold mine, New Talisman Gold Mines has picked a good time to undertake an offer of the shortfall shares from the rights issue that closed in June.

Success will help initiate production at Talisman.

Other steps ahead include the lodgement of a health and safety management plan by the end of August as well as preparing ore stockpiles for treatment once it has finalised toll treatment arrangements.



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.

Phosphate Australia bags $3.9M from sale of gold asset

Phosphate Australia (ASX:POZ) shares are set to climb after the $3.9 million sales of the Tuckanarra Gold Asset in Western Australia to gold producer Monument Mining (TSX-V:MMY).

In a market where cash is king, the consideration will net $2 million in cash, and $1.9 million in Monument Mining shares (10 million shares at $0.19).

POZ will allocate the cash component to potential future acquisitions, exploration and general working capital.

The cash will add to POZ's cash balance of $1.7 million at the end of June 2014.

The acquisition is subject to satisfactory completion by MMY of due diligence and receipt of TSX Venture Exchange acceptance.

MMY have already paid to POZ a non-refundable deposit of A$50,000, and both parties have signed an agreement for sale of the Tuckanarra Gold Project to MMY.

The transaction is expected to be completed by the 24 October 2014.


Musgrave Cu-Ni-PGE Project

POZ wholly-owns the Musgrave Cu-Ni-PGE Project in Western Australia, which has a tenement holding of 786 square kilometres.

There is interest in the area due to the renewed focus on the giant Nebo-Babel Ni-Cu-PGE Project which is only some 14 kilometres to the south of POZ tenement E69/3191.

POZ is currently seeking a partner(s) to assist with the exploration and development of the Musgrave project, with discussions ongoing.

 

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.

Solco moves to acquire profitable energy retailer

Solco Ltd (ASX:SOO) should trade higher after agreeing to acquire a group of energy service provider companies referred to as GO Group from Urban Group Energy Holdings.

The acquisition of the GO Group comprises the brands, businesses, assets and intellectual property of GO Energy, GO Energy Services, GO Energy Installations, GO Quote, CO2 Global Exports, CO2 Markets and SolarTrade. 

Solco will issue 615.3 million fully paid ordinary shares to Urban Group Energy Holdings to undertake the acquisition, and is proposing a rights issue to raise up to $3 million, to be fully underwritten by Urban Group.

The GO Group comprises well-established and profitable renewables businesses and emerging businesses with substantial potential.

Major commercial opportunities in the renewables sector exist in the areas of financing small-scale generating capacity and bundling retail contracts.

The acquisition of the GO Group ensures that Solco has a substantive and immediate presence in both markets.

The acquisition is conditional on both parties completing mutual due diligence within 4 weeks, and Solco receiving all regulatory approvals, including from its shareholders.
 
Under the transaction Urban Group Energy Holdings acquire between 63% and 79% of Solco, depending upon the shortfall under the rights issue.

 

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.