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Panax Geothermal (ASX:PAX) has advised that the scheduled short clean-up flow test has been successfully completed. The test was conducted at variable flow rates, with downhole instruments used for logging pressure, temperature and flow. The short flow reservoir test on 31 March achieved the... More »

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West African gold company Azumah Resources (ASX: AZM) has announced that it is poised to increase its 1.1 million ounce gold resource inventory after receiving more strong drilling results from its Wa Gold Project in Ghana.The latest results, which come from the Collette deposit, include 20m... More »

Stocks opened slightly lower yesterday, grinded back to the flat line by mid-day, rallied into moderately positive territory in the afternoon, then drifted off their highs into the close. By day's end, the major indices had settled flat to modestly higher. The Nasdaq Composite rose 0.3%, the... More »

Australian listed, Kazakhstan-focussed oil and gas exploration junior, Jupiter Energy (ASX: JPR) has continued to coring operations on the middle Triassic reservoir in the J-50 oil well on Block 31. Based on the current schedule, the company expects to achieve initial flow rates from the J‐50... More »

Australian resources and investment company, Cape Lambert Resources (ASX: CFE), has advised that definitive agreements have been signed between AIM listed company African Minerals (AIM: AMI) and China Railway Materials Commercial Corporation (CRM) for the development of AMI’s Tonkolili... More »

Gold One International (ASX, JSE: GDO) has advised that company employees in categories A and B are continuing with industrial action which commenced on 23 March 2010. The majority of the striking employees are semi-skilled employees represented by the National Union of Mineworkers (NUM) and... More »

Metminco has (ASX: MNC) has commenced trading on the AIM in the UK, with agreements in place to raise £12 (A$20) million. It will place 103,795,569 shares at a price of 9p (A$0.15) per fully paid ordinary share and through the issue of US$4 ($A4.5) million Convertible Loans. Metminco has a... More »

Australian listed, Kazakhstan focused oil and gas exploration junior, Jupiter Energy (ASX: JPR) has continued to core and drill the middle Triassic reservoir in the J-50 oil discovery block on Block 31. The well is located on Block 31 – which covers 127 square kilometres - in the Mangistau... More »