Extract Resources Ltd
Asian Activities Report for June 7, 2011: Extract Resources (ASX:EXT) Increase Resource Estimate At The World Class Husab Uranium Project In Namibia
Asian Activities Report for June 7, 2011 includes: Extract Resources Limited (ASX:EXT) updated the resource estimate for Zones 1-5 of its Husab Uranium Project in Namibia; Penrice Soda Holdings Limited (ASX:PSH) signed an agreement to provide the Coal Seam Gas industry in Australia with its innovative water treatment technology; Bass Metals Limited (ASX:BSM) said today that its Hellyer mining operation in North West Tasmania is continuing to operate well; Resource Generation Limited's (ASX:RES) first off-take contract increased to 139 million tonnes.
Asian Activities Report for April 5, 2011: Extract Resources (ASX:EXT) Receive Two Year Extension For Husab Uranium Project In Namibia
Asian Activities Report for April 5, 2011 includes: Extract Resources Limited (ASX:EXT) (TSE:EXT) has received a two year extension for the Husab Uranium Project in Namibia; Millennium Minerals Limited (ASX:MOY) has signed a joint venture agreement with Galliard Resources Corp.; Sylvania Platinum Limited (ASX:SLP) announced a JORC Inferred Resource estimate for the Northern Limb Resource; Sheffield Resources Limited (ASX:SFX) has commenced drilling at its Yandanooka heavy mineral sand project in Western Australia.
Wall Street Thursday closed with little change after the market trimmed its early gains. US stocks rose for most of the session, but in the afternoon the market declined as falls in crude oil future hit the energy shares. Higher metal price could help the Asian markets Friday to offset some negative sentiment that cut gains on Wall Street. Asian bourses ended mixed Thursday while fiscal concerns in euro zone persist. Hong Kong and Shanghai markets lost more than 1 per cent each. However, Japan's Nikkei 225 Average added 0.1 per cent, South Korea's Kospi rose 0.4% and Taiwan's Taiex finished 0.2% higher.
Asian markets closed mostly higher on Wednesday as materials shares were boosted by strong commodities prices. Japan's Nikkei average rose 0.3 percent as exporters gained on strong U.S. data and weakness in yen against greenback. But the rises were pulled back by a drop in shares of Toyota Motor Corp after its recall woes hit its sales. South Korea's Kospi added 1.2%, Hong Kong's Hang Seng Index rose 2.2% and China's Shanghai Composite gained 2.4%.
Excellence in Mining & Exploration, Sydney's largest resource sector conference concluded Tuesday night with the National Mining Awards Gala Dinner in the Ballroom of the Sheraton on the Park Hotel, Sydney.
The Deloitte WA Index, heavy in Western Australian mining companies, has shot up by nearly 60% over the past six months, Deloitte said Monday.
2009 will be an interesting year for Uranium in Western Australia. The change of Government has led to uranium exploration and mining being back in favour but the financial crisis has led to a lack of funds being available for exploration. However the outlook is positive. Uranium usage is tipped to increase with China and India leading the way and Japan also active in the sector.
Resource Capital Research ("RCR"), an equity research company which focuses on small and mid size resource companies, today launched its major quarterly research report covering 16 global uranium exploration and development companies.
On Wednesday, the Australian sharemarket closed lower despite a positive start led by rally on Wall Street overnight. The benchmark S&P/ASX200 index was down 23.6 points, or 0.67 per cent, at 3,499.63 while the broader All Ordinaries index shed 29.9 points, or 0.85 per cent, to 3,483.23. The market has lost half its value, or A$804 billion in just over one year. Analysts say that the overall trend may not change without catalyst for the market to go up while the overseas will pull the Australia market lower each time it seems to hit the bottom.
Extract Resources Ltd LAST WEEK'S HIGHLIGHTS; ASX: EXT - Uranium Exploration Update - Mr Peter McIntyre, MD
Extract Resources Ltd LAST WEEK'S HIGHLIGHTS<br/b>(ASX: EXT) - Uranium Exploration Update - Mr Peter McIntyre, MD; Boardroomradio is pleased to announce that Extract Resources Ltd (ASX: EXT) has published an audio file.
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