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Australia

3D Oil executive chairman Noel Newell to present oil & gas strategy at Proactive webinar tomorrow

3D Oil Ltd (ASX:TDO) executive chairman Noel Newell will present its oil & gas strategy, targeting a combination of favourable technical and commercial niche positions in eastern Australia at a Proactive webinar tomorrow, July 14. The formation of the company was initially motivated by a focus on the Gippsland Basin, which has been one of the most prolific oil and gas producing regions in Australia. 3D oil has interests in exploration permits in the offshore Gippsland and Otway Basins of southeast Australia, as well as the significant new petroleum province within the Bedout Sub-basin of the North West Shelf in Western Australia. Farm-out completion[hhmc] The National Offshore Petroleum Titles Authority (NOPTA) recently approved the transfer of title of an 80% equity in the T/49P exploration permit to ConocoPhillips Australia (NYSE:COP), which completed the farm-out transaction. 3D Oil is set to receive a cash payment of $5 million within two weeks of the approval date (June 11). ..

Australia

Galileo Mining finalises Fraser Range nickel targets for drilling program this month

Galileo Mining Ltd (ASX:GAL) has finalised priority targets in the prolific Fraser Range region of Western Australia for a combination of reverse circulation (RC) and diamond core drilling to begin later this month. The program is aimed at testing high-priority nickel targets surrounded by sulphide mineralisation. An initial 1,500 metre RC program will begin in late July, to be followed by a 500-metre diamond drilling campaign in August. Assay results from RC drilling are expected to be received in August with diamond core results in early September. Pipeline of prospects[hhmc] Managing director Brad Underwood said: “We have built a pipeline of prospects over the past 18 months at our Fraser Range project and it is now time to start drill testing the most advanced targets. “Three priority zones will be tested – the area around existing mineralisation, a structural target 200 metres northwest, and an EM conductor 1.5 kilometres along strike. “All targets have been carefully assess..

Australia

Theta Gold Mines can now be traded in US Dollars following DTC eligibility approval

Theta Gold Mines Ltd's (ASX:TGM) (OTCMKTS:TGMGF) OTCQB-listed shares are now eligible for electronic clearing and settlement through The Depository Trust Company (DTC) in the United States after DTC eligibility was approved. DTC is a subsidiary of The Depository Trust & Clearing Corporation, part of the US Federal Reserve System that manages the electronic clearing and settlement of publicly-traded companies. Attaining DTC eligibility is expected to simplify the process of trading and enhance liquidity of the company's shares on the OTCQB by greatly broadening the pool of brokerage firms that will allow their clients to trade the stock. “Stock can be traded in USD”[hhmc] Theta Gold chairman Bill Guy said the company was extremely pleased that it had obtained DTC eligibility. “This means the company's stock can now be traded in USD for those who wish to do so in the American time zone. “We would like to thank our DTC filing agent Glendale Securities, our transfer age..

Australia

De Grey Mining confirms further gold extensions at Brolga zone within growing Hemi discovery

De Grey Mining Limited (ASX:DEG) continues to expand gold endowment at the Hemi discovery in WA's Pilbara region with drilling still to define the limits of mineralisation. Extensional reverse circulation (RC) and diamond drilling continue to define strong gold mineralisation at the Brolga Zone with results including: 26.9 metres at 1.5 g/t from 269 metres; 19 metres at 2.7 g/t from 203 metres, including 3 metres at 14.7 g/t from 203 metres; 16 metres at 1.2 g/t from 202 metres; 16.3 metres at 1.1 g/t from 214 metres; and 8 metres at 2.6 g/t from 40 metres. New shallow aircore results potentially extend Brolga 160 metres to the west with results of 16 metres at 1.9 g/t from 48 metres while initial RC drilling has defined shallow gold mineralisation to the south. Results here include 5 metres at 1.1 g/t from 59 metres and 15 metres at 1.1 g/t from 223 metres. “Potential to expand”[hhmc] De Grey technical director Andy Beckwith said: “The potential for Brolga to expand continue..

Australia

De Grey Mining confident Hemi gold discovery has tier-1 production potential

De Grey Mining Limited (ASX:DEG) is Australias fastest-growing gold company, with the recent Hemi discovery in Western Australia and strong newsflow reflected by their market cap which is now around A$1 billion. The Hemi discovery sits within the Mallina Gold Project and is a new style of mineralisation in the Pilbara region – intrusion-hosted, large-scale and close to the surface with grade continuity. It is also is largely underexplored with district-scale upside. Relatively unexplored[hhmc] While it has the same geological setting as the Yilgarn Craton, which has a very mature exploration history of more than 120 years, the Pilbara Craton has only been actively explored for the last 20 years. The company is confident the region could host new shallow discoveries, unlike in the Yilgarn where new discoveries are only expected at depth. This represents a significant opportunity for De Grey with the immediate growth strategy linked to increasing gold resource, extending deposits, an..

Australia

White Rock Minerals extends SPP closing date to Wednesday, July 15

White Rock Minerals Ltd (ASX:WRM) has extended the closing date of its share purchase plan (SPP) to 5.00pm (AEST) on Wednesday, July 15, owing to delays brought about by COVID-19 restrictions. The company received a number of inquiries from eligible shareholders interested in participating but who had experienced delays in receipt of their offer booklet due to longer postal delivery times related to the restrictions. Under the SPP, eligible shareholders are entitled to acquire up to $30,000 of shares at an issue price of 3 cents per share, being the same issue price as the placement which was announced on May 28. How to apply Eligible shareholders wishing to participate in the SPP should apply by completing the personalised acceptance form sent to all eligible shareholders or in the case of applying by BPay, using the reference number shown on the application form. If any eligible shareholder who has not received their SPP booklet wishes to participate in the SPP, please contact c..

Australia

MGC Pharmaceuticals leads the way in phytocannabinoid derived medicines

MGC Pharmaceuticals Ltd (ASX:MXC) is leading the way in phytocannabinoid derived medicines, using its nature to medicine strategy for delivery to patients. The European-based, vertically integrated company supplies EU-GMP phytocannabinoid products to patients, with products already available in Australia, New Zealand, the United Kingdom, Ireland and Brazil. The company has two leading cannabinoid medicinal products in late-stage development – CannEpil®, an oral oil solution treatment for refractory epilepsy and CogniCann®, an oral spray for relief of dementia symptoms. With facilities in Australia, Slovenia and the Czech Republic, MGC Pharmas mission is to build an innovative company that provides affordable phytocannabinoid medicines for targeted global markets and patients. The company has an extensive network in place providing access to hospitals, pharmacies, and research institutions. MGC Pharma partners and collaborates with academia worldwide such as RMIT University, Epilep..

Australia

S&P/ASX 200 drops 2.4% this week over worries of rising COVID-19 cases worldwide

S&P/ASX 200 (INDEXASX:XJO) closed 0.6% down today following news of another 288 COVID-19 cases in Victoria, a new daily record, and US futures also sliding into negative territory. The biggest losses have been among the likes of energy and materials following a 2-3% fall in oil prices in overnight trade. This weighed on local oil and gas producers with Oil Search (ASX:OSH) down the most with a loss of 4.1% while Woodside (ASX:WPL) and Origin Energy (ASX:ORG) dropped more than 2.2%. COVID-19 update[hhmc] 306 new COVID-19 cases were recorded across Australia today, with Victoria, New South Wales, Western Australia and the Australian Capital Territory all seeing a rise in new infections. In the US, more than 60,500 new COVID-19 infections were reported on Thursday, according to Reuters, setting a new one-day record. As infections rose in 41 of the 50 states over the last two weeks, the US has become increasingly divided on issues such as the reopening of schools and businesses. Top ..

Australia

Legend Minings ongoing hits of thick, massive nickel-copper sulphides are highly encouraging: Euroz

Legend Mining Ltd (ASX:LEG) recently added to the robust nature of Mawson prospect within the Rockford Project in WAs Fraser Range with an intersection of 4.5 metres at 3.05% nickel, 2.32% copper and 0.19% cobalt – the best grades to date. Euroz has reiterated its speculative buy rating for Legend with a price target of 30 cents per share (current price: 14 cents) after the recent high-grade drilling results. The stockbroker believes on-going hits of thick, massive nickel-copper sulphides are highly encouraging in terms of the evolution of a major new discovery. The following is an extract from Euroz research update on Legend: Assay Results from RKDD015 and RKDD018 at Mawson Key Points[hhmc] LEG has announced assay results received from diamond drillholes RKDD015 and RKDD018 at Mawson; We highlight the consistency of these results with those that gave rise to the original discovery hole (#7) and that otherwise occur proximal to the ongoing following massive sulphide intersections ..

Australia

Calima Energy to outline production plan for Montney Formation at Proactive Oil & Gas webinar

Calima Energy Ltd (ASX:CE1) will present its plan to bring three wells at the highly ranked Montney Formation in British Columbia, Canada, into production during Proactives Oil & Gas webinar this Tuesday, June 14. Regarded as one of the top-ranked resource plays in North America and the companys main asset, the Montney Formation is where Calima holds a 100% interest in more than 60,000 acres of drilling and production rights. Calima's CFO Mark Freeman will make the presentation at the Proactive online forum. After drilling was conducted on the three wells in 2019, Calima has been focused on a Field Development Plan (FDP) to bring the acreage into production. The FDP provides the basis for a qualified reserves statement and is the foundation upon which Calimas landholdings in British Columbia can be promoted to prospective partners and financiers. Tommy Lakes acquisition[hhmc] Calima acquired the Tommy Lakes infrastructure in April, which president Michael Dobovich said was a ..

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