Annual Report 2014

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About Latitude

Latitude Consolidated Limited (ASX:LCD) is an Australian Listed Mining and Exploration Company.

The Company holds the Lyndon Station Base Metals Project located in the Canarvon Gascoyne region, and is evaluating options for further exploration.

 

Please refer to the 'Projects' link above for details of this project

Latitude also continues to investigate and evaluate new opportunities available to it to generate value for shareholders.

 

Proactive Investors

PNX Metals Ltd in share price surge

PNX Metals Ltd (ASX:PNX) has replied to a price and volume query from the ASX as the company's shares surged from $0.011 to a high of $0.017 today.

In a statement the company replied it is not aware of any information that has not been announced to the market which could explain the recent trading.

The company said that as per the recent March 2016 quarterly report it is currently in discussions with several parties regarding potential transactions related to funding a pre-feasibility study into the Hayes Creek project.

"These discussions, which are ongoing, involve a range of funding options, other than equity, including joint venture, metal streaming and royalties.

"There is however no assurance that any of these discussions will result in any binding agreement being entered into."

It also pointed to the outcome of a scoping study conducted into the Hayes Creek Project, ‘Robust Zinc and Precious Metals Project at Hayes Creek’ released to the ASX on 31 March 2016.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

 

 

White Cliff Minerals Ltd receives first tranche of placement funding

White Cliff Minerals Ltd (ASX:WCN) has received the first tranche of the $2,640,000 placement that was oversubscribed to professional and sophisticated investors at $0.006 each.

The company has issued 271,877,765 ordinary fully paid shares for $1,631,267 of tranche 1 funds.

The placement was made with one free attaching option for every four shares held.

The second tranche of shares will be issued upon receipt of shareholder approval that will raise a further $1,008,733 to complete the planned drill program of the high grade eastern upper gold zone at the Aucu gold discovery in the Kyrgyz Republic.

The objective is to scale the current resource at Aucu during the 2016 field season, which based on previous and projected exploration success could deliver one million ounces of gold resource in 2016/17.

The deposit is open, both at depth and along its 3 kilometre strike.



Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

 

 

Volpara Health Technologies Ltd builds digital tools for better breast cancer screening

Volpara Health Technologies Ltd (ASX:VHT) has flown its New Zealand base to cross the ditch and raise A$10 million to list on the Australian Securities Exchange in an initial public offering.

Although recently listed, the company was started in 2009 by four leading breast imaging experts.

The problem they set out to overcome is the mammogram x-ray detects about 65 per cent of cancers in women with dense breasts, recent studies suggest.

Breast density is an indicator of early breast cancer and with a higher incidence of breast cancer, it is not always detected in a mammogram.

The company has developed a software technology that digitally analyses a woman's mammogram to assist in the early detection of breast cancer by measuring breast composition, commonly known as breast density.

The company built a suite of multi-vendor breast imaging tools that enable personalised breast cancer screening based on objective measurements of volumetric breast density.

The capital raised will be used to expand its sales team to grow direct and channel-based sales of its product range.

Volpara wants to move into a subscription-based revenue model, delivering its software through the cloud and enable further innovation through development of more cloud-based products that open up the "big data" predictive healthcare and industry-wide analytics.

"Big data" can harmonise and improve the health care decision-support systems to provide better patient outcomes, increase efficiency and decrease costs.

It is also a tool that large healthcare companies prize, providing opportunities for technology companies like Volpara.

Volpara has recently signed global distribution deals with GE Healthcare and Siemens Medical Solutions, both of which are manufacturers of large scale scanning equipment.

The market is a large one as one in eight women will be diagnosed with breast cancer and the annual global loss due to breast cancer is estimated at around $US86 billion.

The company generated revenues of NZ$2.4 million in the year to March 2015 from early stage sales of its technology in 34 countries. To date the proprietary software has been used to analyse the mammograms of over nine million women.

At a share price of $0.37, Volpara has a market capitalisation of A$45 million.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

4Dx Ltd looks to commercialise four-dimensional lung imaging

4Dx Ltd is an unlisted early stage medical technology company based in Melbourne, Australia.

The goal of the aptly named company is to commercialise their four-dimensional lung imaging technology 4DxV.

4DxV provides highly detailed maps of regional lung motion and airflow in real-time within the breathing lungs.

The respiratory diagnostic sector represents a global market of over $25 billion per annum and is currently served by out of date technology.

4Dx’s extensive patent portfolio grants monopoly rights to the commercialisation of the technology.

The 4DxV level of detail has never previously been possible.

4Dx has successfully proven its technology with numerous preclinical studies.

The company is currently seeking to raise capital through an issue of shares to fund the expansion of 4Dx.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Ausgold Ltd finds high-grade gold shoots at Katanning project

Ausgold Ltd (ASX:AUC) has received encouraging high grade assay results from reverse circulation drilling at the Katanning Gold Project located 275 kilometres southeast of Perth.

The presence of wide gold mineralised halos contain high grade, pipe-like shoots at the White Dam and Jackson prospects.

The high-grade assay results from White Dam included 9 metres at 8.15 g/t gold from 145 metres including 5 metres at 14.25 g/t gold.

The drilling has seen useful assay results that should see an upgraded resource at Katanning.

The current JORC 2012 total mineral resource for the Katanning Gold Project is 16.4 million tonnes at 1.21 g/t gold for 637,330 ounces gold.

The new results have extended the high grade zone at the White Dam deposit by 150 metres and confirm the potential for extending both the White Dam and Jackson mineral resources.

Ausgold is planning to follow up RC and Diamond drilling to expand the White Dam high-grade shoot down plunge as well as systematic drilling to further assess the potential for repetition of shoots.

Ausgold’s shares are trading higher on the back of positive results from the Katanning Gold Project.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Middle Island Resources Ltd to soar after WA gold project acquisition

Middle Island Resources Ltd’s (ASX:MDI) shares will move higher after it announced the acquisition of 100% of the Sandstone gold project including an existing CIP processing plant for $2.5 million, located 600 kilometres northeast of Perth.

Southern Cross Gold acquired the Sandstone project from Troy Resources (ASX:TRY) which had mined 4.4 million tonnes of ore at 3.6g/t gold for 508,000 ounces.

Southern Cross was then placed into administration in September 2015.

There are two granted Mining Leases on which a 600,000 tonnes per annum carbon-in-pulp (CIP) gold processing plant, with associated infrastructure is located.

The Sandstone gold project has a JORC 2004 indicated and inferred mineral resources of 480,000 ounces of gold grading 1.4 g/t gold, so it will be need to be brought up to JORC 2012 status.

The headline acquisition price of A$2.5 million is a cost of US$4 per resource ounce compares favourably with values paid for gold projects of equivalent status.

Historical drilling at the Sandstone project had identified two significant exploration targets at the Two Mile Hill prospect, located 3.2 kilometres north of the processing plant.

Middle Island has completed a private placement to professional and sophisticated shareholders at $0.01 per share to raise $400,000 to provide working capital for the Sandstone acquisition.

The company is also in the process of identifying a partner to invest in resource definition drilling and feasibility studies at the Reo gold project in Burkina Faso.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Shree Minerals Ltd surges ahead of $2.84 million placement

Shree Minerals Ltd’s (ASX:SHH) share price surged today after finalising a $2.84 million share placement to Singapore's RBI Investments Pte Ltd at $0.02 per share to meet the working capital needs of the company.

Interestingly, the share placement is at a 122% premium to Shree’s last traded price of $0.009 per share.

The company recently flagged that it was pursuing business development opportunities as well.

Shree Minerals said it was maintaining a close watch over iron markets for an appropriate window to recommence shipments of inventory on hand from its Nelson Bay River Iron Project in the North West Tasmania which is under care and maintenance.

The company has taken steps to move the iron ore inventory at site to Port in preparedness to making shipment which would earn revenues.

The price of iron had fallen sharply towards the end of 2015 and has recovered some part of that fall.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

FYI Resources Ltd begins drilling for potash in Laos

FYI Resources Ltd (ASX:FYI) has commenced a drilling program at the Sino-Lao project in Laos with an initial 430 metres diamond drill hole.

FYI is currently negotiating with the Yuntianhua Group from China for the establishment of a potash production joint venture.

The decision to commit to the drilling program was made following the assessment of both the surface processing facilities and the status of the underground operational development.

The drill program is designed to test the extent of the targeted mineralised potash zone and to assist in verifying the historic drilling.

The drilling and down hole geophysics will assist FYI in bringing the previously outlined mineralisation into JORC 2012 status.

The Sino-Lao project is a trial potash production facility with an annual capacity of 50,000 tonnes per annum.

The facility is fully developed, including surface processing facilities and underground mining development.

FYI, in collaboration with Yuntianhua, intends to upscale the trial production to full scale production of between 500,000 to 1,000,000 tonnes per annum.

In addition to Laos, FYI is awaiting the grant of a license to commence a drilling program for potash at the Sino-Lao project in Thailand.

The potential to commercialise potash deposits in Thailand and Laos was recognised by FYI following an extensive global review of suitable industries and opportunities.

The share price of FYI has doubled during the last 3 months.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Peninsula Energy Ltd's chairman John Harrison buys shares on-market

Peninsula Energy Ltd's (ASX:PEN) non-executive chairman, John Harrison, has bought 20,000 shares on market for $15,675, which is an average entry price of around $0.78.

Harrison has a wealth of experience and resource sector knowledge acquired over a 45 year career, including 20 years of investment banking in London.

He has developed an extensive international contact base advising companies across a range of commodities, including uranium, and raising more than £500 million in equity capital in the process.

Peninsula is currently producing uranium from the Lance Projects in Wyoming, U.S.

Recently the company raised $15 million in funding from its major shareholders, Resource Capital Fund (RCF) and Pala Investments Ltd, to drive expansion and reduce future cash costs by US$9-10 a pound.

Under these agreements, RCF VI and Pala have each provided Peninsula with a convertible loan facility, with participation in proportion to their existing shareholdings in the company.

Resource Capital Fund VI has a stake of 21.6% and Pala Investments a 12.2% shareholding in Peninsula, respectively.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.