Posts Tagged ‘New product’

ASX Company News: PanTerra Gold Pours First Gold Dore

Friday, July 27th, 2012

PanTerra Gold Limited (PGI) advises that its Las Lagunas project in the Dominican Republic has poured its first gold/silver doré.  Mr Brian Johnson, Executive Chairman, said that this was a significant event for the Company, being a world first in the production of precious metals from refractory ores utilising the Albion oxidation process.  It is anticipated the first shipment of doré to the Swiss refiners will occur mid next month, and thereafter at weekly intervals.

Mr Johnson also said the Las Lagunas project had proved to be difficult from both a technical and corporate perspective, but now it was in production, the immediate objective was to progressively increase gold and silver recoveries to the levels demonstrated in early pilot plant testwork. Head grades of feed to the process plant are in line with the JORC indicated resource grades of 3.8g/t Au and 38.6g/t Ag.

www.panterragold.com

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ASX Company News: Castlemaine Goldfields First Gold Pour At Ballarat

Tuesday, September 27th, 2011

Castlemaine Goldfields Limited (CGT) has completed its first gold pour during recommissioning at the Ballarat Gold Project.

The gold pour, weighing in at 8,517 grams (260 ounces of gold) represents gold recovered from the gravity circuit. The sulphide leach circuit is currently being recommissioned, and will commence treating sulphide concentrate in October, with the first gold production from this part of the circuit expected later that month. Recommissioning of the gold processing plant has continued on plan and with no significant issues, utilizing low grade ore (2 to 3g/t) for this part of the start-up.  It is expected that between 5,000 and 8,000 ounces of gold will be produced for the 2011 calendar year.

Gold bullion production will increase as the underground mine development and gold ore mining continues to ramp-up over the next 6 to 9 months. The company  also remains on track targeting to produce approximately 50,000 ounces annually once this ramp-up period has been completed.

Managing Director Mr. Matthew Gill commented “Another milestone has been achieved, on time, as we progress through re-commissioning. This event is significant for the company, our employees and shareholders, as we make the company defining transition from explorer to producer.  We are pleased with the progress to date, and that these activities have been done professionally and safely, and  are a credit to  our work teams on site. We remain on track to produce approximately 50,000 ounces of gold next year.”

www.cqt.net.au

http://www.traderdealer.com.au/fundamentals/cgt

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ASX Company News: Alcyone Resources Silver Plant To Ramp Up Production

Tuesday, September 13th, 2011

Alcyone Resources Limited (AYN) is pleased to advise that it is on track to ramp-up silver production at its 100%-owned Texas Silver & Polymetallic Project in south-east Queensland to a targeted annualised  rate of 1.5 – 2.0 million ounces per annum following excellent progress in the first four weeks of wet commissioning of the upgraded Twin Hills processing facility.

Wet commissioning of the upgraded crushing circuit and heap leach processing facility commenced on the 12th of August and the plant, at current throughput of 140tph, is already operating at close to its nameplate capacity of 150 tonnes per hour (tph), which equates to an annualised throughput rate of 1 million tonnes per annum (Mtpa). The crushing facility is performing well with 100 per cent of material passing 4mm – one of the key parameters to achieving design leach rates.

The commercial-scale Merrill Crowe circuit, which is used to extract the silver from solution, replaced the pilot scale plant on the 24th of August. The circuit is currently running at nameplate capacity of 200 cubic metres per hour, resulting in a significant boost to bullion production. The automation package, which is expected to be activated within the next 10 days, is expected to further enhance overall process productivity. The overall silver recovery circuit is currently achieving recoveries from solution of more than 96 per cent, compared with the targeted level, based on previous testwork, of 95 per cent.

As previously advised, installation of the new bullion circuit was completed in July, with the circuit commissioned and producing silver bullion on site.  The bullion circuit has a production capacity of 2 million ounces per annum.

www.alcyone.com.au

http://www.traderdealer.com.au/Fundamentals/ayn

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ASX Company News: Metalstorm Launches New Firestorm Fury

Wednesday, May 18th, 2011

Metal Storm announces the launch of its new FireStorm™ FURY range of high intensity multi-barrel weapon systems.  Metal Storm CEO, Dr Lee Finniear said the new range resulted from feedback on its FireStorm™ 4 barrel 40mm weapon system, and also from identified user requirements when delivering contracts, including the US Marines Mission Payload Module (MPM) Program. This feedback indicated a clear opportunity in the market for a Metal Storm weapon with a much higher payload capacity.

“What we have learned is that customers really like the capabilities of FireStorm™” he explained, “but they also want the capacity for greater forceful effects on threat targets, and more sustained firepower in an engagement before having to reload”.

“To meet this market demand we are launching FireStorm™ FURY – a highly compact, high firepower weapon system that can operate in either non-lethal or lethal modes” he said.  “With the increase in civil unrest around the world we expect strong demand for its non-lethal capabilities, while for combat operations its lethal firepower will be a significant force multiplier for any armed light vehicle compared to existing weapon systems”

FireStorm™ FURY weapons are remotely operated mounted weapon systems that consist of between 4 and 30 barrels built into pods – each pod being incorporated into a one or two axes motorized mount that can be remotely operated.  With each barrel loaded with up to 6 rounds, and burst fire-rates of up to 20,000 rounds per minute with 40mm grenades, FireStorm™ FURY takes scalable firepower to a whole new level.

www.metalstorm.com

http://www.traderdealer.com.au/fundamentals/mst

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ASX Company News: Panorama Synergy Launches Online Lead Generation Machine

Tuesday, March 15th, 2011

Australian technology company, Panorama Synergy Ltd (PSY) announced the release of Lead Generation Machine. This is the first in a suite of downloadable products and software services that comprise the Company’s recently announced Integrated Online Sales Platform.

The Platform is based on a recurring revenue model that is highly scalable and expected to generate cashflow and near-term profit for Panorama Synergy. The Lead Generation Machine beta site is now open for founding members or early adopters and can be accessed at www.leadgenerationmachine.net

The Platform will provide small and medium enterprises (SMEs) worldwide with the tools they need for effective sales and marketing online. Lead Generation Machine shows SMEs how to attract their ideal customers to their website and trigger an enquiry, thereby automatically establishing immediate relationships and qualified sales leads.

Panorama Synergy’s Managing Director, Terry Walsh said it is essential for businesses to have an effective online sales and marketing strategy.  “It is estimated that ninety percent of sales of all products and services these days begin with an online search, so SMEs increasingly must have an effective presence on the internet” said Mr Walsh.

“Effective means a combination of the correct leverage of the technologies involved, a strong traditional sales and marketing framework underlying the technology and synergistic alignment of the online process with the SME’s business processes.  It is not simply a website” he explained.

The core benefit to customers is making their business more profitable by driving incremental new customers to their door using their online presence and, at the same time, reducing transaction costs as well as avoiding all too common costly online start up mistakes.

Panorama Synergy will target the ever increasing SME market which is represented by an estimated 155 million web sites globally. “The number of websites is just the tip of the iceberg.  This is a group of business being starved of reliable, easy to understand and implementable advice about how to compete in the world’s largest marketplace, the online market” Mr Walsh said.

www.panoramasynergy.com

http://www.traderdealer.com.au/Fundamentals/psy

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ASX Company News: Tanami Gold Resource Expands To 2 million Ounces

Thursday, February 17th, 2011

Australian gold  producer Tanami Gold NL (TAM) is pleased to report a further substantial increase in its gold Resources, with total Measured, Indicated and Inferred Mineral Resources increasing to 21.3 million tonnes grading 3.0g/t for 2.03 million ounces of gold.

The latest Resource increase follows a  40% increase in the Mineral Resource at the Company’s 100%-owned Central Tanami Project (“CTP”) in the Northern Territory, providing additional impetus to the Company’s plans to restart production at the CTP.

The CTP is expected to form a second substantial production hub alongside the Company’s existing 50,000oz per annum Western Tanami Operations, which are currently undergoing a significant expansion.

The updated CTP Resource estimate was completed for mineralisation contained within four of the six CTP Mineral Leases and has resulted in a total Measured, Indicated and Inferred Resource of 18.2 million tonnes grading 2.5g/t for 1.5 million ounces of gold  (see Table 2). Within the total CTP Resource, 1.01 million ounces or 75% is classified as Measured or Indicated.

The new CTP Resource is a 40% increase over the previous Resource estimate completed in April 2010 which totalled  11.7 million tonnes grading 2.8g/t for 1.1 million ounces of gold .

The Resource increase follows seven months of intensive Reverse Circulation and Diamond Drilling at nine prospects within the CTP tenements and a re-estimation of gold Resources at Central Tanami.  As a result of the latest upgrade, the Company’s gold Resource has increased by over 300% since June 2009 from 0.5Moz to 2.03Moz (see Figure 1), at a cost of less than $23 per Resource ounce reflecting a combination of exploration and drilling success and  the acquisition of the CTP project.

Tanami Gold’s Managing Director, Mr Graeme Sloan, said that with the release of the updated Central and Western Tanami Mineral Resource, the Company would now focus on completing the Feasibility Study on the re-commencement of gold production from the CTP – which includes a 1.2Mtpa treatment facility, extensive infrastructure and over 2,000km of highly prospective tenements.

www.tanami.com.au

http://www.traderdealer.com.au/Fundamentals/tam

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ASX Company News: Jatoil To Trade Energy Commodities

Monday, February 7th, 2011

Energy company Jatoil Limited (JAT) announced its intention to trade energy commodities this year as a core part of its business, and has strengthened its Singapore operations by appointing an experienced energy commodities trader to the boards  of its Singapore subsidiaries.

Nick Croom, who will join Jatenergy Holdings Pte Ltd and Jatenergy Indonesia Pte Ltd, has worked in commodity trading and investment banking for 20 years. His experience in trading and investment banking in Sydney, London and Singapore includes positions with ANZ, BNP  Paribas, Glencore, RBS Sempra and JP Morgan.

“Our  stated  strategy  is  to secure project capital through Asian markets, as well as  to  prepare ourselves for trading our energy products as production ramps up from our jatropha, and potentially coal, projects  during 2011,” said  Jatoil Chief Executive Officer  Phil Hodgson. “Nick’s experience strengthens our Singapore presence and is an important milestone in our strategy.”

Nick Croom said: “Jatoil’s move into coal will bring a solid, conventional energy foundation  from which  to pursue growth. Whilst coal boosts near term cash flow, jatropha offers Jatoil a diversified portfolio and versatility across two key energy resources.  I have visited the  company’s  jatropha project in Indonesia and am very impressed with the business model. I think  jatropha has a very bright future as a sustainable feed stock for biojet fuel and biodiesel”.

Nick has lived in Singapore for the past  seven years. He  has focused on the development of new technologies  for energy markets as a high oil price environment encourages  opportunities around supply – including the development of sustainable sources. He has undertaken extensive investment banking work with several multinational oil companies on this issue.

Jatoil is an energy company with a core business of developing environmentally friendly, second generation biofuel from jatropha curcas plantation ventures initially in South-East Asia. Jatoil has also announced it would expand its energy resources into coal by entering into a heads of agreement to buy mining projects in Indonesia’s Kalimantan coal region.

www.jatoil.net

http://www.traderdealer.com.au/Fundamentals/jat

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ASX Company News: MobileActive Launches New Mobile Product

Wednesday, January 26th, 2011

MobileActive Limited (MBA), Australia’s leading independent mobile phone content, interactive services and technology company, said its majority owned 4th Screen Advertising Australia has launched the IDEA mobile advertising industry alliance.

Peter Birch, Managing Director of 4th Screen, said: “The alliance is designed to provide agencies and clients with complete end-to-end mobile solutions using our proven experience in other markets where we are well established, delivering advanced publishing, messaging and advertising platforms. IDEA ensures we provide agencies with valuable knowledge and technology that is relevant and effective.” 

MobileActive’s 4th Screen proprietary mobile ad-serving platform Mpression is the driving force behind the mobile advertising offering. It has advanced targeting capabilities and rich media ad formats. “At its heart is a sophisticated but user- friendly media planning tool,” said Mr Birch.  “This enables advertisers to easily plan and create campaigns across the network of premium publisher sites, targeting segments of the publisher’s database by demographics, handset type, operator, and many other factors,” he said.

MobileActive’s 4th Screen Advertising Australia has launched IDEA with two founding partners one of which is Ikon. Ikon is one of Australia’s largest and most successful agencies. Delivery of mobile advertising campaigns for alliance partner clients has successfully commenced.

IDEA is an acronym for Innovation, Development and Education Alliance and is a product of the increasing demand for 4th Screen to provide industry specific mobile advertising knowledge, technology and solutions to satisfy the growing market. The 4th Screen Advertising Australia joint venture sits in MobileActive’s Business-to- Business division, Mobile Embrace, alongside the company’s Mobile Entertainment Retail (MER) and RingRing Studios (mobile content production, licensing and distribution) units. 4th Screen Advertising Australia complements the existing infrastructure Mobile Embrace offers to clients, including mobile internet and applications publishing, multichannel digital marketing solutions, M-commerce and billing, messaging solutions, interactive mobile platforms, branded mobile content and applications development, hosting and delivery, loyalty & reward and mobile membership services. 4th Screen Advertising Australia is a joint venture between MobileActive limited and 4th Screen Advertising. 4th Screen Advertising is the world’s leading premium mobile advertising agency. Ikon was founded in 1999 primarily to service the Commonwealth Bank of Australia. Ikon is proudly owned by the STW Group, opening up access to the largest communication group in Australasia. Ikon has offices in Sydney, Melbourne, Perth, Auckland, Wellington and New York. MobileActive Limited (MBA) is Australia’s leading independent mobile phone content, interactive services and technology company across business to consumer, business to business and production and licensing.

www.mobileactivecorporate.com

www.mobileactive.com

http://www.traderdealer.com.au/Fundamentals/mba

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ASX Company News: Atlantic Appoints Contractors to Build Vanadium Plant

Tuesday, January 25th, 2011

Atlantic Ltd (ATI) is pleased to announce that its wholly-owned subsidiary Midwest Vanadium Pty Ltd has appointed a number of key contractors to complete major works at the Windimurra vanadium project 600 kilometres north of Perth, Western Australia.

As previously announced on 1 December 2010, Electrical Construction & Maintenance Australia Pty Ltd and Kerman Contracting Limited were appointed as key contractors for the first stage of works. Both contractors have now been retained to undertake the complete electricity instrumentation and structural, mechanical and piping capital works required to complete the project.

EC&M has been appointed as electrical and instrumentation contractor by MVPL. EC&M has prior experience with Windimurra and brings a significant level of background knowledge on the project to the electrical work required to be completed. Kerman will be responsible for structural, mechanical and piping work required for the completion of Windimurra.

The three contractors will work closely with PinC Group Pty Ltd, an experienced and well resourced project management services group which is working alongside MVPL to oversee the construction of Windimurra. Production at Windimurra is expected to commence in the third quarter of 2011 with a nameplate capacity of 5,700 tonnes per annum of contained vanadium.

Atlantic Managing Director Michael Minosora said: “We are pleased to have secured the major works contractors, along with previously announced Minepower, to finish the Windimurra project. The project is around 85% complete and is on track for first production in the third quarter of 2011”.

Atlantic is committed to building a diversified portfolio of world class resources assets that will provide superior returns to shareholders. Atlantic combines its strong financing capability with a highly disciplined and innovative approach to acquire resources projects that are low cost, long life and near production. Atlantic subsidiary Midwest Vanadium Pty Ltd owns 100% of the Windimurra vanadium project, located approximately 600 kilometres north of Perth in Western Australia. Windimurra is one of the largest proven vanadium reserves in the world. EC&M is a Australian Electrical and Instrumentation group, providing extensive engineering construction and maintenance to the resources, energy and infrastructure sectors. Kerman specialises in mine site infrastructure, industrial processing plants, bulk product storage facilities, material handling systems, industrial facilities and sustaining capital works. Its clients are among Australia’s largest companies in the resources, agriculture, processing and manufacturing sectors.

www.atlanticltd.com.au

http://www.traderdealer.com.au/Fundamentals/ati

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ASX Company News: Santos and GDF Suez Award Engineering Contracts For Bonaparte Basin

Tuesday, January 11th, 2011

GDF  SUEZ  Bonaparte,  operator  of  the  Bonaparte  LNG  project,  has  awarded  the  contracts  for  pre-Front End  Engineering  and  Design  (pre‐FEED),  to  Granherne  (upstream)  and  DORIS  Engineering  (midstream), two of the world’s leading engineering and energy project management consultancies. The awarding of the contracts is the first major milestone since GDF SUEZ (60%) and Santos (40%) entered into a joint venture in August 2009 to develop a floating liquefaction project in the Bonaparte Basin, in the Timor Sea, 250 kilometres west of the northern Australian city of Darwin.   The project aims to produce 2 million tonnes of Liquefied Natural Gas (LNG) per annum, using the natural gas from the Petrel, Tern and Frigate fields. The final investment decision for the project is expected in 2014, with LNG production scheduled to start in 2018.

GDF  SUEZ  Bonaparte  General  Manager  Jean François  Letellier  said:    “This  is  a  key  phase  for  Bonaparte LNG and we are delighted to have contractors with the experience and expertise of Granherne and DORIS Engineering with our team to help refine the right and innovative concept to bring the natural gas from stranded fields to the Asia Pacific market, a high growth and high demand market for LNG”.

Granherne  is a leading front‐end engineering consultancy for onshore, offshore and deep water oil and as developments with experience of over 3,000 projects in more than 20 countries. The project will be managed by Granherne’s Asia‐Pacific regional office in Perth. DORIS Engineering are experts in the field of engineering for the offshore oil and gas industry, with more than 40 years of experience in the offshore industry, creating innovative and cost‐effective solutions for the most challenging environments, including remote locations.  Based  in Paris, DORIS has  offices in the UK, USA, Brazil, Indonesia and Angola.

GDF  SUEZ  develops  its  businesses  around  a  model  based  on  responsible  growth  to  take  up today’s  major  energy  and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on  diversified  gas supply  sources,  flexible  and  low‐emission  power  generation  as  well  as  unique  expertise in  four  key  sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. An  Australian  energy  pioneer  since  1954,  Santos  is  one  of  the  country’s leading  gas  producers,  supplying  Australian  and  Asian customers. Today, Santos is the largest producer of natural gas for the Australian domestic market. Santos has developed major oil  and  liquids  businesses  in  Australia  and  operates  in  all  mainland  Australian  states  and  the  Northern  Territory.

www.santos.com

http://www.traderdealer.com.au/Fundamentals/sto

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