Tag: Small Caps

GTI Resources Ltd (ASX:GTR) has doubled the size of its uranium project areas by acquiring adjacent past producing mineral leases in the Henry Mountains Utah, USA. The company has entered into a binding agreement to acquire 100% of two mineral leases from Toronto-listed Anfield Energy Inc. (TSX-V: AEC), in a significant expansion of its uranium project areas that join together the existing Jeffrey and Rat’s Nest projects. The two strategically located mineral leases serve to connect the company’s current ground positions in the area and will more than double the size of GTR’s contiguous land position by conjoining its most prospective projects at Jeffrey and Rats Nest. The acquisitions expand GTR’s land position to over 5.5 kilometres along the interpreted…

GOLD explorer MinRex Resources (ASX: MRR), which holds ground just a few kilometres to the north-east of the $1.2 billion capped Silver Lake Resources Ltd’s (ASX: SLR) gold and copper Deflector Mine, is set to release new exploration results at its Deflector Extended Gold Project at Gullewa in Western Australia. MinRex currently holds five projects, four of which are located in the East Pilbara region. The East Pilbara 70%-owned projects consist of Bamboo Creek Gold Project, Marble Bar North Gold Project, Marble Bar South Gold Project and the Daltons Gold Project. The Deflector Extended Gold project is 100% owned by the ASX micro-cap and lies to the north-east of Silver Lake Resources’ Deflector Mine and also the gold producing Golden…

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…