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Annual Report 2014

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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

Sundance Resources, Triton Minerals, Sun Resources among ASX Volume Leaders

Tuesday's leading volume stocks on the ASX.

CompanyCodeLastChangeVolume
OGI Group OGI $0.024 140% 128,648,935
Sundance Resources SDL $0.055 10% 67,438,468
Palace Resources PXR $0.001 0% 60,022,375
Goodman Fielder GFF $0.630 1.61% 56,918,258
Triton Minerals TON $0.405 28.57% 32,080,992
Arrium Ltd ARI $0.340 0% 29,538,183
Fortescue Metals FMG $3.550 2.60% 27,196,217
Dexus Property DXS $1.155 1.76% 26,753,113
Blina Minerals BDI $0.001 0% 23,790,000
Sun Resources SUR $0.008 0% 20,163,720

 

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.

Apollo Minerals intersects near surface gold at Mars Aurora Tank

Apollo Minerals’ (ASX:AON) drilling at the Mars Aurora Tank prospect in South Australia has intersected near surface gold including 4 metres at 5 grams per tonne gold.

The results from the first three holes support the presence of a gold bearing system with potential similarities to Hiltabaeq intrusion-related gold occurrences in the Tarcoola Goldfields south of Titan.

Nine reverse circulation and diamond core drill holes totalling 1,845 metres have been completed across the Mars Aurora Tank and Eagle Hawk joint venture projects.
   
Potential exists for significant discoveries as part of this round of drilling while a large number of high priority targets will remain undrilled at the completion of this current round of drilling.

Apollo is earning a 75% interest in the Aurora Tank tenement (EL4433) from Marmota Energy (ASX:MEU) and a 75% interest in the Eagle Hawk tenement (EL4932) from Mincor Resources (ASX:MCR).

Drilling Results

Results from the first three holes drilled at the Mars Aurora Tank and Eagle Hawk JV projects support the exploration model for polymetallic mineralisation associated with major intrusive systems such as gold and copper in IOCGs.

High grade gold was intersected in favourable structures at Aurora Tank, and iron rich, anomalous copper mineralisation was observed over an 80 metre interval in the first hole drilled at Bundi South.

A downhole electromagnetic survey is underway on the second hole to determine exact position of the electromagnetic conductor to test for massive sulphides.

Four other Eagle hawk prospects were drilled with visual inspection of samples suggesting significant zones of iron enrichment, alteration and sulphide development including limited copper sulphides.

Full assays remain pending for a total of six holes. Results will be reported as received by the company.

Mars Aurora Tank

At Mars Aurora Tank, the company successfully drilled three inclined reverse circulation holes totalling 597 metres.

Drill hole 14AT003 intersected near surface, high grade gold including drilled thickness intersections of 4 metres at 5g/t gold from 16 metres down hole depth.

Hole 14AT002 targeted a dense body to the south of the Mars Aurora Tank Prospect and intersected intensely sheared mafic and granitic rocks showing evidence of multiple episodes of alteration resulting in development of chlorite, strong carbonate veining and sericitisation.

This type of alteration is commonly associated with the development of economic gold and copper mineralisation in the Gawler Craton.

A review of induced polarisation data is currently underway to help with targeting of follow-up drill holes designed to test for sulphide associated gold and copper mineralisation within the target zone.

Eagle Hawk

At Eagle Hawk, Apollo successfully completed six drill holes comprising five reverse circulation and a single diamond core hole, totalling 1,248.8 meters.

Full assays have been received from drill hole 14BUN001, which was drilled to test a high density gravity target within the Bundi South anomaly.

Encouraging results were received with a 80 metres drilled thickness intersection of iron-rich intrusive averaging 180ppm copper and 10.7% iron from 4 metres depth, confirming that the system contains anomalous copper and iron.

Four other prospects were drill tested with visual inspection of samples suggesting significant zones of iron and other heavy mineral enrichment, alteration and sulphide development including limited copper sulphides.

Analysis

Interest in Apollo Minerals drill program at the Mars Aurora Tank and Eagle Hawk has been high and the discovery of near-surface gold is encouraging.

Further assays are expected soon.

Add this to the current drilling at Commonwealth Hill with Robert Friedland's High Power Exploration, and Apollo has multiple high impact price catalysts to look forward to in the immediate future.



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.

Mutiny Gold granted halt pending potential corporate combination

Mutiny Gold (ASX:MYG) is preparing to divulge details of a potential corporate combination, with the ASX granting the company a trading halt to prepare.

Shares in the company traded 23.1% higher at $0.049 before the halt was called, and earlier in the day hit a 12-month high of $0.051.

Mutiny is focussed on its Deflector gold-copper-silver project in Western Australia, which hosts a JORC reserve of 322,000oz of gold at 5.6g/t, with a further 16,000 tonnes of copper and 360,000oz of silver.

The halt will remain in place until the opening of trade on Thursday 23rd October 2014, or earlier if 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.

Globe Metals and Mining demonstrates higher niobium recovery

Globe Metals and Mining (ASX:GBE) has achieved improvements to grade and recovery with the completion of the Kanyika demonstration pilot plant at Guangzhou Research Institute of Non‐Ferrous Metals in China.

The plant was undertaken as part of optimisation work to complete the Definitive Feasibility Study for the Kanyika Niobium Project in Malawi. It produced concentrate averaging 24% Nb2O5 and recovery averaging 77%.

The flotation process is now optimised and the flowsheet substantially derisked. Concentrate grades of up to 35% are achievable.

These results validate the results of earlier optimisation tests by demonstrating an effective improvement in concentrate grades and increases in Nb2O5 recoveries.

This represents a significant de‐risking of the flowsheet as the test results were achieved under continuous and steady state conditions.

A significant amount of process data was collected during operation of the plant to aid further engineering design in a Front‐End Engineering Design phase prior to plant construction.

The data collected confirms the concentrator design undertaken in 2012, with minor improvements likely to be implemented in the reagent preparation area and in the sizing of flotation cells.

Kanyika has a total Resource of 60 million tonnes at 2,900ppm Nb2O5 at a 1,500ppm Nb2O5 cut-off.

 

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.

China GDP grows 7.3% in Q3

China's Gross domestic product rose 7.3% in the July-September quarter from a year earlier, which beat the 7.2% estimated by most economists.

This would seem to support the view that the Chinese government is content with smaller stimulus intervention such as relaxed home-purchase controls and the central bank has pumped liquidity to bank lenders.

The expansion was the meekest since the first quarter of 2009.

Chinese leaders will set an economic growth target of about 7% for 2015, according to some pundits, which would still be a remarkable rate of growth.

 

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.

GBM Resources has big graphite potential in Queensland

GBM Resources (ASX:GBZ) should trade higher after defining a large graphitic shale deposit at the Sevastopol target within its Mount Margaret project in Queensland.

Reprocessing of historic IP geophysical and drilling data enabled the identification of a very large unit of graphitic shale extending to significant depth.

The graphitic shale unit is at or near surface in the eastern portion of the Sevastopol target area, and 55% of historic and GBM drillholes close to the chargeability anomaly intersected graphitic shale.

A further 5 holes are logged as schist or biotite schist, a lithology that elsewhere in the world can contain sizeable amounts of coarse flake graphite.

Analysis of the geophysical and drilling data suggests that up to 80% of the chargeability anomaly volume is graphitic shale.

The deepest hole within the anomaly bottomed in graphitic shale at 345.2 metres depth, highlighting the tonnage potential of the Sevastopol target.

Importantly, the project is located just 4 kilometres from Cloncurry, Ernest Henry Mine and all associated infrastructure.

GBM have collected and analysed 34 drill samples which average of 8.3% TGC with a high of 18.7% and a low of 4.2%.

Further exploration will include a program of shallow reverse circulation or aircore drilling to provide more confirmation of the grade and nature of graphite occurrence throughout the prospect area.

From this initial drilling, holes will be selected for deepening and collection of core samples for further analysis and preliminary metallurgical testwork.

The initial phase of this program is expected to commence during the December quarter.

 

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.

Lakes Oil bags new oil and gas permits offshore Victoria

Lakes Oil (ASX:LKO) has been awarded two new permits in the offshore Gippsland Basin for exploration over the next six years.

The permits are located close to shore, and close to existing oil and gas pipelines, which will allow low production costs in event of discovery.

Last month, Lakes purchased petroleum exploration permits PEP 167 and PEP 175 in the onshore Otway Basin, Victoria for $300,000.

And in July, the company signed a conditional letter of intent to supply Victorian gas to Simplot Australia.

Simplot Australia is a leading Australian food manufacturer, producing such brands as Leggo’s, Edgell, Birds Eye, John West and Chiko.

Lakes holds over $3 million in cash.

 

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.

Panorama Synergy appoints MEMS expert

Panorama Synergy (ASX:PSY) has appointed Dr Jason Chaffey as Director of Commercialisation and Manufacturing, effective 17th November.

Dr Chaffey joins Panorama from fellow listed MEMS company, Bluechiip Limited (ASX:BCT).

Dr Chaffey has been involved in Micro-Electro-Mechanical Systems technology, product development and engineering for more than 15 years.

At Bluechiip he oversaw the implementation of a licensing strategy for the company’s wireless tracking technology which is based on MEMS.

Dr Chaffey will be instrumental in driving Panorama's commercialisation plans for its LumiMEMS™ Reader as well as the design and manufacture of additional products.

In January 2014, Panorama entered into a five year extension of its exclusive worldwide licensing agreement with the University of Western Australia for optical technologies related to MEMS sensors.

Panorama's Managing Director Terry Walsh, and Chairman Aidan Montague, both have extensive backgrounds with Cisco Systems (NASDAQ:CSCO).

Terry was formerly Managing Director for Cisco Australia and New Zealand and then CEO of Cisco Canada, while Aidan was Director of Strategic Alliances for Cisco in Asia Pacific.

 

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.

OGI Group, Blina Minerals, GB Energy among ASX % Gainers

Tuesday's leading ASX % Gainers intra-day.

CompanyCodeLastChangeVolume
OGI Group OGI $0.022 120% 65,931,988
Blina Minerals BDI $0.002 100% 23,404,000
GB Energy GBX $0.003 50% 500,000
Forte Energy FTE $0.006 50% 799,999
Helix Resources HLX $0.029 45% 318,000
ADG Global Supply ADQ $0.009 28.57% 200,693
Farm Pride Foods FRM $0.230 27.78% 207,661
Metal Bank MBK $0.010 25% 125,000
GBM Resources GBZ $0.025 25% 522,450
Intra Energy Corp IEC $0.030 25% 155,000

 

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.