daytrading march 1 pre-market, page-5

28 Feb Feeds:
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Renaissance Uranium (ASX: RNU) will begin drilling at its wholly-owned Sherrys Dam and Tanners Dam projects in the Central Gawler Craton of South Australia in March.

At Sherrys Dam, geophysical data suggests potential for skarn-hosted IOCG-style mineralisation, associated with a relatively intense, linear magnetic anomaly located on the northern margin of the inferred intrusive.

The anomaly extends over a strike length of about 2.5 kilometres, and geophysical modelling suggests a depth to high magnetite material of around 200 metres.

Drill testing is planned for the northern portion of the anomaly, where a positive residual gravity high coincides with the magnetic position.
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Mindax (ASX:MDX) has started its field program for this year with scout drilling targeting copper-gold underway at its Mortlock Project in Western Australia.

The 3,000 metres scout drilling project is likely to continue for about two weeks.

Additional drilling will be undertaken at the Centre Forest East copper-gold target, where previous exploration has unveiled positive anomalies of copper and gold mineralisation in the regolith.
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Corazon (ASX:CZN) is cashed up having raised $3 million and is fully funded to test the large iron oxides coppper gold target at its Top Up Rise project in Western Australia.

The funds were raised via placement that brought in $1.5 million; a share purchase plan for a take up of $600,000 and placement of SPP shortfall for $900,000.
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Endocoal (ASX:EOC) is in trading halt as its shareholders prepare to vote on a scheme of arrangement that would pave the way for its acquisition by U&D Mining.

The halt will be in place until the outcome of the shareholder vote on scheme meeting is known, which is likely before close of trading on Thursday 28 February 2013.
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Bionomics Limited (ASX: BNO) is preparing a capital raising announcement, with the ASX granting the company a trading halt today, while placing its shares in pre-open.

The biotechnology company if focused on innovative therapeutics for cancer and diseases of the central nervous system.
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Kaboko Mining (ASX: KAB) expects to update on or before March 5 the progress it has made on the finalisation of Tranche A of the Debt Facility and Offtake Agreement with Noble Resources International.

Shares in the company have been placed into suspension until the announcement is made.
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Avanco Resources (ASX:AVB) has registered a 24% uptick in its copper resources following Stage II drilling at its Pedra Branca project in Brazil.

The JORC reported mineral resource inventory for Stage I and II has increased to 60.64 million tonnes at 1.24% copper, 0.33 grams per tonne gold for 755,000 tonnes of contained copper and 638,000 ounces of gold.
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Global Geoscience (ASX:GSC) has identified two new polymetallic targets at its Lone Mountain project in Nevada.

The Rip Van Winkle prospect includes a 1500 metres long silver-lead-zinc target, which is largely untested.

It is centred on the historic Rip Van Winkle mine which found high grade silver, lead and zinc ore from surface to 150 metres depth.
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Jupiter Energy (ASX:JPR) has hit 102.8 metres of gross reservoir and about 42.8 metres of net pay at its onshore J-59 oil and gas well in Kazakhstan.

J-59 is its seventh exploration well on Block 31, which was granted to its in 2011 and is located south of the already discovered Akkar East oil accumulation
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Balamara Resources (ASX: BMB) expects to deliver an upgraded resource for its flagship Montenegro (Monty) Base Metals Project in March following further successful infill drilling at the main Brskovo deposit.

Drilling at Monty to date has primarily focused on the main Brskovo deposit, outlining an extensive mineralised system beneath the historic open pit comprising two broad, well defined zones.
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Sirius Resources (ASX: SIR) will soon divulge more exploration results with the company entering a trading halt from the ASX today.

While the company did not say what project the exploration results related to, Sirius has been active on its Polar Bear project and Nova discovery, both in Western Australia.

Sirius is on track to deliver a maiden resource for Nova, which is located in the prospective Fraser Range region, at the end of March 2013, with infill drilling nearing completion.
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Iron Ore Holdigns (ASX:IOH) has secured mine gate sale agreement for iron ore with Mineral Resources (ASX:MIN) that will lead to the early development of its Iron Valley project.

The buy in from Mineral Resources significantly de-risks the project and will put it on the path to commercialisation.

Under the terms of the deal, Mineral Resources will develop the mine at its own cost within 6 months from when Iron Ore secures final mining approval, which is expected in early third quarter this year.
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Quintessential Resources (ASX: QRL) has returned high grades of copper and silver from trenching and sampling of target zones at the Irak Prospect in Papua New Guinea.

The Northern Skarn outcrop assayed 12 metres at 2.75% copper, 112 grams per tonne (g/t) silver, 0.11g/t gold and 92 parts per million molybdenum.

An additional trench returned 0.22% copper, 0.16g/t gold and 28.3g/t silver.

The Northern Skarn outcrop has been traced locally for about 500 metres total and a drill hole is proposed to test the width and subsurface grade of this mineralisation.

To the southwest of the Southern Skarn, assays of 5.04% copper, 1.74g/t gold, 53g/t silver and 0.104% molybdenum have been returned.

An upstream sample assayed 0.27% molybdenite and 0.11g/t gold, while two further upstream samples assayed 0.32% copper and 5g/t silver, and 0.2% copper and 21g/t silver respectively.
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Mount Magnet South (ASX:MUM) has identified two mineralised structures that hold potential to add higher grade gold mineralisation to its Kirkalocka gold project.

The structures were identified following the first two stages of scout drilling at the Jumbulyer project.

At the Foothills Prospect a significant high gold grade steeply plunging structure has been discovered. The structure has been defined to extend over 100m down plunge and remains open at depth and along strike.
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Beach Energy (ASX: BPT) has increased gas flow from its Halifax-1 unconventional well in the Queensland Cooper Basin to 3.2 million cubic feet per day.

This is up from initial rates of 2.23MMcfd though it remains constrained due to temperature restrictions on elements of the surface equipment.

Flows are expected to increase further once the choke is further opened as the ratio of gas to fluid in the well stream increases

Halifax-1 was drilled to a total depth of 4,267 metres, after which a 14 stage fracture stimulation program was completed throughout the whole of the gas saturated Permian target zone
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Aguia Resources (ASX:AGR) has upped its total JORC compliant indicated and inferred resource to 28.5 million tonnes P2O5 at its Tres Estratda phosphate project in Brazil.

It has has also converted 78% of the higher grade oxide resource from the Inferred to the Indicated category.
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Leighton Holdings (ASX: LEI) has locked in a A$370 million design and build contract for Hong Kong’s new Tin Shui Wai hospital.

The contract will be delivered as a joint venture between Leighton Contractors (Asia) and Able Engineering Company.
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OBJ Limited (ASX:OBJ) is tapping the market to raise up to $3.61 million via a fully underwritten non-renounceable entitlement issue the proceeds from which will be used for developing its micro-array magnetic drug delivery technologies.

The capital raising consists of a pro-rata entitlement offer of new shares and free attaching options that includes 1 for 5 fully paid ordinary shares at an issue price of $0.015 per new share.
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Narhex Life Sciences (ASX:NLS) have started due diligence on the gold and diamond mining tenement in Liberia that it is proposing to acquire from Golden Saint Australia.

Narhex will become owner of 80% of the tenement via its acquisition of Golden Saint Liberia.
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Reward Minerals (ASX: RWD) has successful completed the potash harvest phase of its current pilot evaporation trial at Sylvania Station, Western Australia, recovering slightly more Potash Mixed Salt than predicted.

The trial, which was based on 10,000 litres of brine extracted from Lake Disappointment produced 825kg of crude Potash Mixed Salts
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Uranium explorer Forte Energy (ASX:FTE) expects to announce assays from drilling at its A238 prospect in Mauritania in the first quarter of 2013.

The drill programme was started in November last year and ran to December 14 with 28 holes sunk for 4,115 metres and final work programme plans will be finalised following a review of the results, the firm said in a quarterly update.

The A238 programme is "key" to the firm's wider goal of building up the firm's overall resource base to more than 50 million pounds (it currently stands at 45 million pounds of contained uranium), it has said.
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this morning feeds:
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Nomad Building Solutions (ASX: NOD) has sold another part of its Western Australian based rental fleet to Black Diamond Group for A$3.75 million.

This follows a A$6.15 million sale of part of its rental fleet based in Queensland, Western Australia and South Australia to Black Diamond in December last year.
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Sirius Resources (ASX: SIR) has uncovered a potential extension to its Fraser Range nickel play in Western Australia with the discovery of a thick new zone of sulphide mineralisation about 200 metres east of the Nova deposit.

The first drill hole in the Bollinger area has intersected 125 metres of mineralisation so far and is still in mineralisation as drilling continues.
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Dual listed Nyota Minerals Limited (ASX: NYO) has tucked away a £4,000,000 placement with new institutional investors and existing shareholders including Centamin plc and Resource Capital Fund V LP.

The East African gold exploration and development company will continue negotiations with the Ethiopian Government for the issue of a Mining Licence for Tulu Kapi.

It will alsp complete a review of the Definitive Feasibility Study for Tulu Kapi in particular the mining scenario, costs and implementation plan.