Graphex Mining (ASX:GPX) has announced an US$80 million funding solution for the development of its Chilalo graphite project in Tanzania, which will see the company fully funded to first production.
Graphex Mining Ltd
FINANCE VIDEO: Graphex Mining Ltd (ASX:GPX) Metallurgical Test Work Significantly Enhances Flake Size & Drives Valuation Uplift
Metallurgical test work by the Chinese syndicate of investors far exceeded our expectations, as results show 42% of the flake size is equal to or greater than super jumbo (price increases as flake size increases).
Graphex Mining (ASX:GPX) has signed a non-binding term sheet with a Chinese syndicate of investors, setting out a number of the key commercial terms relating to the proposed joint venture, offtake and financing for the Chilalo Graphite Project.
VIDEO: Graphex Mining Ltd (ASX:GPX) Offtake and Financing on the Verge of Completion for Graphite Developer
Graphex Mining (ASX:GPX) is developing the Chilalo graphite project in Tanzania. Unlike the majority of other graphite developers that have targeted the spherical graphite sector, Graphex plans to sell concentrate from Chilalo into the expandable graphite market.
Coventry Resources Inc. (ASX:CYY) announced that it has discovered massive high grade copper intersections at the highly prospective Caribou Dome Copper Project in Alaska
IMX Resources (ASX:IXR) Announces Key Board and Management Appointments as it Refocuses on Tanzanian Exploration
IMX Resources (ASX:IXR) (TSE:IXR) (IXR.WT) advises that it will be making a number of additional changes to its board and senior management team, effective from the end of September 2014.
Asian Activities Report for August 25, 2011 includes: Roc Oil Company Limited (ASX:ROC) today releases its Half Year Financial Report for the period ended 30 June 2011; IMX Resources Limited (ASX:IXR) has received the analytical results for the Snaefell iron ore prospect in South Australia; Radar Iron Limited (ASX:RAD) has received further highly encouraging drill results from the Die Hardy Range iron ore project in Western Australia; Automotive Technology Group Limited (ASX:ATJ) announced an exclusive aftermarket distribution agreement with Bullet Performance Products Pty Ltd; Tata Chemicals Limited (BOM:500770) is to acquire shares in EPM Mining Ventures Inc. (CVE:EPK).
Asian Activities Report for August 10, 2011: Eureka Energy (ASX:EKA) Completes the First Well at Pan de Azucar Eagle Ford Shale Project in USA
Asian Activities Report for August 10, 2011 includes: Eureka Energy Limited (ASX:EKA) today provided an update on the Black Jack Springs Unit-1H well, the first well at its Pan de Azucar Eagle Ford Shale project onshore Texas, USA; Desert Energy Limited (ASX:DSN) reported on its second RC drilling campaign at its Camel Hills Joint Venture project in Western Australia; Maverick Drilling and Exploration Limited (ASX:MAD) reported a potential new oil field discovery from its Santa Rosa well #43 in Texas; IMX Resources Limited (ASX:IXR) announced a 139% increase in the Cairn Hill Phase 2 resource; TAKE Solutions (BOM:532890) has extended the partnership with QlikTech (NASDAQ:QLIK).
Last week in Broken Hill, an Australian mining town for the last 128 years, a band of dedicated miners and explorers got together for the inaugural Resources and Energy Symposium, a conference and seminar showcasing Australia's mining talent, new and old. As the demand for commodities ramps up, new mines and exploration projects are presented for a wide range of commodities including Iron Ore, Cobalt and Tungsten.
Australian Market Report of January 25, 2011: Hunnu Coal (ASX:HUN) Acquire Further Coal Assets In Mongolia
Australian Market Report of January 25, 2011 includes: Hunnu Coal Limited (ASX:HUN) has acquired a further 15% interest in the Unst Khudag Coal Mine and surrounding licenses in Mongolia; Integra Mining Limited (ASX:IGR) has completed Mineral Resources estimations for a number of new gold deposits; Enterprise Metals Limited (ASX:ENT) has received assay results at Burracoppin Iron Project in Western Australia; IMX Resources Limited (ASX:IXR) reported more high grade nickel sulphides in Tanzania.