Tag: ASX Stocks

Minbos Resources Ltd (ASX: MNB) last week announced a Memorandum of Understanding (MOU) with the International Fertilizer Development Centre (IDFC), which will work to develop and grow the Small Holder Farmer market in Angola. The IFDC is an international non-for-profit organisation, dedicated to scientific innovations that increase global food production, protect the environment and empower Small Holder Farmers. The organisation strives to improve the lives and productivity of Small Holder Farmers — who operate under a small-scale agriculture model — through running country-scale agricultural projects across Africa. These projects introduce farmers to improved agricultural practices, fertiliser technologies and facilitation of market access. As crop yields grow in Sub-Saharan Africa, so too does the demand for key ingredients used in food…

Diamond drilling of priority targets at Galileo Mining Ltd’s (ASX: GAL) Lantern Prospect in Western Australia’s Fraser Range Nickel Belt has intersected significant nickel-copper sulphide mineralisation and demonstrated the exceptional potential of the area. This is Galileo’s first diamond drilling program at Lantern and already it has substantially advanced the company along the exploration path and provided new insights to prepare for the next round of drilling to begin. The first two drill holes in the planned three hole diamond drilling program at Lantern Prospect have been completed. Both diamond drill holes at Lantern South and Lantern East, intersected significant sulphide mineralisation. This includes 23m of heavily disseminated, blebby and banded nickel-copper sulphides in ultramafic host rock from Lantern South…

As investors cotton on to the generally positive movements in the uranium price, the outlook for uranium explorers and producers is also improving. GTi Resources (ASX: GTR) first came to investors’ attention in April this year, following the announcement that it was in possession of a number of past producing uranium and vanadium properties located in Utah, USA and would start its maiden drill program at the highly prospective Jeffrey Project. In March/April, this company was an unknown microcap stock priced below 1c, but with momentum in the story over May, the company’s share price ran to over 5 cents. It has since retreated to 2.7 cents. However the company’s project is more advanced than back in May and could…

TEMPUS Resources (ASX: TMR) has raised $4 million to fund its next stage of exploration at its low risk, high producing, high grade mine in British Columbia, Canada. Tempus has two major projects: Blackdome-Elizabeth in Canada and Zamora in Ecuador. The two projects offer investors a good balance of a high-risk, high reward play against certainty (in Canada), where there is an existing resource Tempus feels it can expand on. Much of the money raised will go towards the Blackdome-Elizabeth Project, which comprises the Blackdome Gold Mine and Elizabeth Gold Deposit located in the Tier-1 jurisdiction of British Columbia, Canada. Blackdome and Elizabeth are two deposits, making up one project that is significantly de-risked by previous production history, with demonstrated…

In September 2019, the World Nuclear Association produced a report modelling a predicted divergence in the supply and demand curve globally for uranium. The report showed demand outstripping supply from 2023. In other words, there is a looming uranium supply and demand mismatch and the Association believes the uranium industry is only a couple of years away from firing again, leaving behind fears of another Fukushima. There is reason to be positive about nuclear energy: it could play a crucial role in the decarbonisation of the world. Such is the shift in thinking around nuclear’s role to combat climate change, that Microsoft co-founder Bill Gates is making the rounds in Washington to persuade the US Congress to spend billions of…

In December 2019, Legend Mining (ASX: LEG) catapulted to a $200 million market capitalisation after exploration drilling revealed a nickel-sulphide discovery at its Rockford Project’s Mawson Prospect in the Fraser Range nickel belt in Western Australia. The stock doubled in price in a single day on speculation that the exploration drilling was the first sign of Mawson being the region’s “next Nova discovery”. Prior to this, the 2012 discovery of the Nova nickel deposit, also in the Fraser Range nickel belt, shot Sirius Resources to fame, returning shareholders a return of circa 10,000% in a matter of months and led to Sirius’ acquisition by Independence Group (ASX:IGO) for $1.8 billion. Located 50 kilometres along strike from Legend’s Mawson Prospect is…

By Meagan Evans DUAL listed junior oil explorer 88 Energy Limited (AIM: 88E | ASX: 88E) is just weeks away from spudding its Charlie-1 appraisal well at Project Icewine on the North Slope of Alaska. The drilling event at Charlie-1, which is on track for a late February spud, will see 88 Energy — along with its farm-in partner Premier Oil (LON:PMO), target 1.6 billion barrels of gross mean prospective oil resource, of which 480MMBO is net to 88E. The drilling event will intersect seven stacked prospects and could see Charlie-1 emerge as one of the world’s biggest oil wells of the year. While it has a long history of successful oil discoveries, Alaska’s North Slope is now seeing renewed…

By Meagan Evans CHINA is set to see a massive lift in demand for natural gas with current usage rates set to more than triple over the next 15 years. This comes as the Chinese government pushes for a switch to cleaner energy sources from coal, implementing policies to reduce sulfur dioxide and nitrogen oxides emissions and bring up the number of days with good air quality to 80%. To achieve this, it’s encouraging a switch from coal to natural gas, aiming for natural gas to account for 10% of energy consumption this year — a policy that is understandably driving significant growth in natural gas demand. China is not the only country increasing its use of natural gas. Global demand…

Meagan Evans HOME to multiple multi-billion barrel oil discoveries, including the 25 billon barrel Prudhoe Bay, US$250 million is being ploughed into the North Slope of Alaska for exploration drilling this year, led by ConocoPhillips (NYSE:COP) who is drilling eight wells. ASX oil junior, XCD Energy (ASX:XCD) — a new arrival on the North Slope, has a 100% working interest in one of the world’s newest, highly prospective onshore oil plays. Located on the highly prospective Nanushuk trend on the North Slope, XCD’s 100%-owned Peregrine Project is directly adjacent to ConocoPhillips’ large acreage position at its Willow discovery — a US$5 billion 450–800 MMBOE project with potential for 100,000 barrels of oil daily when it commences production in 2024-2025. Maiden…