daytrading march 28 pre-market, page-2

Morning HLL / All

27 March Feeds :


Drake Resources (ASX: DRK) has identified a number of significant new anomalies in the Joma permit area in Norway following a recent gravity survey.
Of note is a target to the northwest of the decommissioned Joma copper-zinc mine that has a geophysical signature that is analogous with the mine.
Developing this target would benefit from the infrastructure within the region.
Historically the Joma mine has produced about 11.5 million tonnes at 1.49% copper and 1.45% zinc. Significant remaining mineralisation occurs within the immediate vicinity of the mine and all of Drake’s new targets fall outside areas of known mineralisation.

Stratum Metals (ASX: SXT) has locked in approval to drill up to 143 reverse circulation holes on its East Menzies Goldfields Project in Western Australia.
The company has chosen a drilling contractor to complete an initial 1,200 to 1,500 metres of reverse circulation drilling starting on 15 April 2013.

Beadell Resources (ASX: BDR) has launched an underwritten A$25 million placement to sophisticated and institutional investors.
The placement will be conducted by way of an institutional bookbuild with an underwritten floor price of $0.89 per share, representing a 5.3% discount to the last traded price of $0.94 today.

Transfield Services (ASX: TSE) has secured an early services agreement with the Australian Defence Force for the supply of land materiel maintenance (LMM) services.
The new contract is expected to be awarded before the end of June, valid for an initial six year term, with possible one-year extension options for a further five years

Golden Cross Resources (ASX: GCR) has witnessed an 83% increase in its share price to an intra-day high of $0.011 today, up from an open of $0.006 yesterday.

Drillsearch Energy (ASX: DLS) has started a three well wet gas exploration drilling program targeting up to 61 billion cubic feet of gas and 2.4 million barrels of oil equivalent hydrocarbon liquids in the Cooper Basin, South Australia.

Southern Cross Goldfields (ASX: SXG) has now more than doubled its gold resource inventory to 1.3 million ounces across two mining centres with the completion of the acquisition of the Sandstone Gold Project in Western Australia.

Aleator Energy (ASX: AWD) has signed a binding term sheet with Gres Holdings for US$20 million in funding to drill the Pov 105 well at the Povorotnoye gas field in Ukraine.

Titan Energy (ASX: TTE) has spudded its first oil and gas well in the onshore northern Perth Basin, Western Australia.
The Warradarge-1 exploration well in its wholly owned DR 11 licence targets the proven Cadda Formation and Cattamarra Coal Measures.

Actinogen (ASX: ACW) will tomorrow begin independent pot trials to further test the performance of the previously discovered actinomycetes that produce plant growth hormones.

Mithril Resources (ASX: MTH) has uncovered more high grade gold beneath the historic workings at its Spargos Reward Gold Mine in Western Australia in the latest drilling program.
Acquiring the Spargos Reward asset has proven a good decision with the results demonstrating widths and high grades.

Agenix (ASX: AGX) has reaffirmed it is on track to file a clinical trial application for its proprietary Hepatitis B drug candidate, AGX-1009, with China's State Food and Drug Administration (SFDA).
The company said in its recent half yearly report that filing of the clinical trial application is now scheduled for the June quarter of 2013.

Taruga Gold (ASX: TAR) has identified multiple porphyry copper-molybdenum-gold targets in a detailed aeromagnetic survey carried out over its Kossa Project in Niger.
The company is targeting the definition of a maiden JORC Resource by mid-year.

Petrel Energy (ASX: PRL) has acquired a 40% interest over a 5,120 acre portfolio targeting the Cardium tight oil play in Alberta, Canada.
Importantly, one of the eight gross sections includes a newly-completed horizontal well that has just started producing oil, which will make Petrel an oil producer

Rumble Resources (ASX: RTR) has acquired a 1,305 square kilometre landholding in the Gibson Desert region of Western Australia, an area considered prospective for large iron oxide-copper-gold systems.
The Leyland Project is strategically situated adjacent to Corazon Mining’s (ASX: CZN) Top Up Rise Project, which is considered prospective for Olympic Dam/Prominent Hill style IOCG mineralisation.

Axiom Properties (ASX: AXI) has signed a Heads of Agreement with U.S. retail giant Costco to develop South Australia’s first Costco warehouse outlet as part of Axiom’s $65 million retail development in the Adelaide suburb of Kilburn.
Axiom and joint venture partner Southern Cross Equity Group have agreed to lease over 5 hectares of land to Costco under a 50-year ground lease arrangement.

Immuron (ASX: IMC) will raise A$1.86 million in a fully underwritten renounceable pro-rata rights offer.
The company is offering three new shares for every two shares held at $0.003 per share under the rights offer, which is being fully underwritten by Patersons Securities

FAR Limited (ASX: FAR) has been awarded an expansion of its L6 permit in Kenya’s offshore Lamu Basin that contains an extension of the newly identified Miocene carbonate reef play.
The expansion continues the junior oil and gas company’s strategy of building up big acreage positions in East and West Africa that have since attracted strong international interest in their potential.

Frontier Resources (ASX: FNT) and Quintessential Resources (ASX: QRL) have confirmed the likelihood of finding porphyry copper mineralisation within their Gasmata (EL 2057) exploration licence in New Britain, Papua New Guinea.
Soil, rock chip and trench samples acquired between January and February this year confirmed that altered intrusives are present in the norwest corner of the licence as was inferred from the ‘Bullseye’ aeromagnetic signature.

Qantas (ASX: QAN) has announced that the Australian Competition and Consumer Commission (ACCC) has decided to grant authorisation, subject to a condition, for an alliance between Qantas Airways Limited and Emirates until 31 March 2018.

Greenpower Energy (ASX: GPP) will early next month shoot the Badgingarra 2D seismic survey of up to 215 line kilometres on its EP 447 tenement in the northern Perth Basin, Western Australia.

De Grey Mining (ASX: DEG) is in pre-open this morning following the ASX granting a trading halt, pending an announcement of a proposed capital raising.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 2nd April 2013.

Toro Energy (ASX:TOE) has been advised by the federal government that the decision on the Wiluna uranium project has been extended to no later than Friday, 5 April 2013.

Kentor Gold (ASX: KGL) has been granted a trading halt by the ASX this morning, with its shares placed in pre-open. Kentor is in the process of obtaining approval for a finance facility.

Auroch Minerals (ASX: AOU) has received assays from the first seven scout holes drilled at the Guy Fawkes Project Sector which have validated the company’s geological interpretation and strategy.
Guy Fawkes forms part of the Northern shear of the 3 million ounce Manica Gold Project in Mozambique, and drilling has confirmed the continuity of the mineralised structure eastward.

Prana Biotechnology (ASX: PBT) is in pre-open this morning following the ASX granting a trading halt, pending an announcement of a proposed capital raising.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 2nd April 2013.

Hawkley Oil & Gas (ASX: HOG) has provided another update today, further to the announcement on 18th March regarding the commissioning of its gas plant, regarding the Sorochynska well 202.
As per previous announcements, and following the recent tests which concluded in late January with encouraging initial results, the well had been shut in prior to connection to the newly commissioned gas plant.

Automotive industry IT developer Infomedia Ltd (ASX: IFM) has renewed an agreement with the Daihatsu Motor Company to supply the auto maker with Microcat® brand electronic parts catalogue to Daihatsu vehicle dealers until 2018.

Keybridge Capital (ASX: KBC) is in pre-open this morning following the ASX granting a trading halt, pending the release of an announcement in relation to its mezzanine loan to an Australian car leasing business.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 2nd April 2013.

Royal Resources (ASX: ROY) major shareholder Lodestone Equities has committed to a further investment of A$635,849 via a private placement.
Lodestone, which now holds a 22.51% stake in Royal, is an investment company associated with Gordon Toll, who has raised or helped raise more than $5 billion for mining and associated infrastructure projects in the past decade.

Sprint Energy (ASX: SPS) has attracted some investor interest of late, with shares up 54.5% to an intra-day high of A$0.017 yesterday, compared to Monday’s close of $0.011.
Around 8.6 million shares changed hands by the closing bell yesterday, prompting the ASX to issue a price and volume query.
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GOLD

Better-than-forecast data on U.S. durable goods orders helped dent gold's appeal as a safe refuge and push gold futures to sink for the third day in a row. April gold lost 0.6% to $1,595.70 an ounce on the Comex division of the New York Mercantile Exchange.

Moving to energy markets, the jump in U.S. durable goods orders fed demand for energy, fueling investor optimism. May crude rose 1.6 percent to $96.34 a barrel on the New York Mercantile Exchange.
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Source: Proactive Investors Australia