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  • Botswana Metals To Reveal JORC Resource For Maibele North

    Botswana Metals (ASX:BML) is preparing to reveal the JORC Resource for the company's Maibele North project in Botswana, which is under joint venture with BCL Limited.

    BCL is wholly-owned by the Botswanan government, commencing operations in 1959, and is now one of the largest private sector employers within the country.

    The longevity of the BCL mine is dependent on additional ore outside of its existing nickel resources being made available.

    Botswana Metals has the potential to provide this ore to the BCL mine and smelter.

    The halt will remain in place until the opening of trade on Tuesday 28th April 2015, or earlier if an announcement is made to the market.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

    Apr 26 8:17 PM | Link | Comment!
  • Admedus Directors Increase Shareholdings

    Admedus (ASX:AHZ) directors have increased their respective investments in the company through participation in the fully subscribed $16.1 million 1 for 7 rights issue priced at $0.07 per share.

    The rights issue is part of a broader $28.1 million capital raising that be used to increase sales of its lead regenerative tissue product CardioCel®.

    Proceeds will also support continued development of the company's regenerative tissue portfolio and advance its immunotherapy programs with Professor Ian Frazer.

    Managing director Lee Rodne acquired 714,286 shares for $50,000.02, taking his direct interest up to 26,992,820 shares.

    Executive director Michael Bennett subscribed for 80,000 shares for $5,600 while non-executive director Peter Turvey acquired 396,504 shares for $27,755.28.

    Turvey now has a direct and indirect interest in 3,172,039 AHZ shares while Bennett has 11,674,000 shares.

    Earlier this week, the company appointed Genpharm as its distributor in the Middle East and North Africa region.

    This adds to its presence with CardioCel used in 31 centres in Europe, 31 centres in the U.S. as well as recent approvals for use in Canada and Hong Kong.

    Over 1,200 patients have benefited from CardioCel® as part of their cardiovascular repair surgery.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

    Apr 26 8:14 PM | Link | Comment!
  • Segue Resources Completes One Of Largest Gravity Surveys In Fraser Range

    Segue Resources (ASX:SEG) has completed one of the largest gravity surveys undertaken in the Fraser Range at its Plumridge Nickel Project that will generate a suite of high priority exploration targets.

    The nickel-sulphide targets are expected to be generated by mid-May, each with a tailored follow-up work program planned for subsequent execution.

    The gravity data has been sent to Segue's geophysical consultants for processing and will be combined with magnetic data for integrated 3D inversion modelling.

    "Preliminary data has demonstrated the survey's effectiveness in identifying project-scale deeper structures not evident in the magnetic data or regional (government) gravity data," managing director Steven Michael said.

    "This information has significantly enhanced Segue's understanding of the Plumridge Nickel Project, with a suite of high priority exploration targets expected to be generated from 3D inversion modelling of gravity and magnetic datasets by mid-May."

    Recent Activity

    Preliminary modelling has already confirmed a major gravity high that "under-plates" the Plumridge Project with a geometry suggesting the presence of crustal scale dislocations which may represent mantle tapping structures.

    Several near-surface dense bodies are linked to deeper dense bodies by discordant pipe-shaped features which are interpreted to represent feeder zones between mafic to ultramafic magma chambers.

    The combined gravity and magnetic modelling has identified a major zone of complexity which is interpreted as a Transfer Graben Zone (TGZ) forming a north-west trending corridor containing faults which cross-cut the main magnetic stratigraphy of the Fraser Complex.

    Prior to completing the gravity survey, Segue's only exploration work carried out in tenement E39/1731 was at the E21 Target.

    The TGZ lies to the west of the E21 Target and was not part of Segue's first phase of exploration in 2014.

    The completed regional gravity survey extends approximately 20 kilometres further north than the preliminary model and shows the interpreted continuation of the western parallel gravity high off the TGZ through Segue's tenements E39/1710 and E39/1709.

    Minimal exploration work has been conducted to date on these two tenements.

    Plumridge Nickel Project

    Segue controls about 3,100 square kilometres of contiguous granted exploration licences at Plumridge.

    Significantly, it recently acquired its minority joint venture partner's interest in the Plumridge East Joint Venture, which contains the E21 priority exploration target.

    In November, drilling at the E21 Target identified the presence of mafic-ultramafic rocks that host magmatic iron-rich sulphides.

    These are interpreted to potentially be part of a larger intrusive system.

    All assay data has now been returned, confirming the magmatic sulphides are predominantly pyrrhotite and pyrite, with minor chalcopyrite.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

    Apr 26 7:03 PM | Link | Comment!
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