Annual Report 2014

Download PDF

Subscribe to Recieve Email Updates

Vertical Tabs

Latitude Consolidated Limited

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

 

The Company is focused on exploring and developing high grade copper deposits in Zambia to generate value for shareholders.

Latitude is actively exploring its prospective flagship Kalengwa South Project and plans to grow its portfolio of quality exploration projects to become a major copper explorer and developer in Zambia.

Map of Kalengwa South Project Showing Prospect Areas and Historic Exploration Results

 

The Company also holds the Lyndon Base Metals project located in Western Australia.

Proactive Investors

These are Tuesday’s most traded stocks on the ASX

Tuesday’s leading volume stocks on the ASX.

NameCodeLastChangeVolume
Medibank Private ASX:MPL $2.47 -3.1% 110,779,706
Neuren Pharmaceuticals ASX:NEU $0.10 4.2% 42,669,446
Citigold Corporation ASX:CTO $0.019 -38.7% 37,779,204
Continental Coal ASX:CCC $0.002 0% 34,682,928
Mirabela Nickel ASX:MBN $0.054 -12.9% 29,847,958
Telstra Corporation ASX:TLS $6.38 -0.6% 27,152,234
Redbank Copper ASX:RCP $0.001 0% 22,807,841
Goodman Fielder ASX:GFF $0.67 -0.7% 21,682,024
Black Range Minerals ASX:BLR $0.003 50% 19,905,076
Mirvac Group ASX:MGR $2.14 1.4% 18,027,637

 

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.

Nanosonics Limited to divulge material fund raising

Nanosonics Limited (ASX:NAN) has been granted a trading halt by the ASX pending details of a material fund raising.

The company is focused in its proprietary automated system for low temperature, high level disinfection (HLD).

Its first product, trophon® EPR, is for the HLD of ultrasound probes.

44 of top 50 hospitals in US and more than 1,500 hospitals across North America using trophon EPR.

The halt will remain in place until the opening of trade on Thursday 5th March 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.

Thor Mining, Black Range Minerals among the biggest ASX% Gainers intra-day

Tuesday’s leading ASX % Gainers intra-day.

NameCodeLastChangeVolume
Broad Investments ASX:BRO $0.004 100% 4,737,350
Thor Mining ASX:THR $0.002 100% 100,000
GTI Resources ASX:GTR $0.023 91.7% 45,000
Malabar Coal ASX:MBC $0.11 57.1% 12,000
Algae.Tec ASX:AEB $0.06 50% 32,507
Black Range Minerals ASX:BLR $0.003 50% 7,688,333
Mds Financial Group ASX:MWS $0.003 50% 250,000
Silver Mines ASX:SVL $0.003 50% 300,000
Galicia Energy Corporation ASX:GAL $0.007 40% 25,655
Cokal ASX:CKA $0.13 36.8% 390,769

 

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.

Bass Strait Oil Company raising funds to interpret 3D seismic

Bass Strait Oil Company (ASX:BAS) is raising $1 million through a fully underwritten rights issue to fund interpretation of new 3D seismic data and identify opportunities to acquire additional interests in oil and gas projects.

The funds will be raised through a one for three non-renounceable pro-rata rights issue priced at $0.005 per share.

About 201 million shares will be issued with directors committing to participate for their entitlements.

The offer is fully underwritten by Merchant Corporate Finance Pty Ltd while major shareholder Cooper Energy (ASX:COE) will also participate for its entitlement in the Rights Issue and sub-underwrite any shortfall up to a maximum of 20 million new shares.



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.

Cokal Limited receives takeover from PT Cakra Mineral Tbk

Cokal Limited (ASX:CKA) has received an unsolicited non-binding and incomplete proposal in relation to a conditional off market takeover bid by PT Cakra Mineral Tbk (IDX:CKRA).

The offer is for all of the ordinary shares of Cokal.

Cokal has interests in five projects in Central Kalimantan and one project (which holds three exploration licences) in West Kalimantan, Indonesia.

Cokal said that it has not formed any opinion on the proposal. Its present intention is to engage with CKRA to evaluate the proposal.

CKRA propose to offer cash or CKRA shares for each Cokal share on issue:

- i. Cash Settlement: Based on Cokal equity value of AUD70 million. Assuming approximately 471.5 million Cokal shares on issue, proposed cash offer price is AUD $0.15 per share.

ii. Share Settlement: Shares in CKRA equivalent to the value of Cokal shares. Value of CKRA shares to be agreed. Cokal equity value to be AUD70 million plus 25% premium. Assuming approximately 471.5 million Cokal shares on issue, proposed scrip consideration implies offer price of AUD $0.19 per share.

 

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.

Oklo Resources on road to raising

Mali focused Oklo Resources (ASX:OKU) is preparing to outline details of a capital raising / placement.

The ASX has granted the company a trading halt, with its shares placed in pre-open.

At the Dandoko project, fieldwork for a new season commenced in mid-December 2014, starting with clearance and earthworks in preparation for the IP geophysical program at the Disse, Diabarou and Selingouma prospects.

The halt will remain in place until the opening of trade on Thursday 5th March 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.

Queensland Bauxite requests trading halt, pending placement

Queensland Bauxite (ASX:QBL) has requested a trading halt for its shares from the ASX pending an announcement of a placement.

The company said the halt is requested until commencement of trading on Thursday 5th March 2015.

Recently, QBL extended its one-for-four entitlement issue priced at $0.014 per share to raise up to $1,782,167 until 10th March 2015. 

The offer also had one free attaching option exercisable at $0.10 and expiring 31st July 2016 for every two shares subscribed.

In February, an agreement was struck with Far North Queensland Ports Corporation Limited for a confirmed allocation of 800,000 tonnes per annum of bauxite through the Port of Mourilyan.

The Heads of Agreement was signed with Ports North. There could be scope for additional tonnage over time.

The Port of Mourilyan is located within 16-25 kilometres by road of the South Johnstone Bauxite Project.

 

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.

Nemex Resources advancing biometric technology investment

Nemex Resources (ASX:NXR) has been granted an ASX trading halt in relation to its investment in biometric technology developer Wavefront Biometric Technologies.

It has a 30% interest in WBT with the right to increase its interest to 51%.

The company had previously noted that the second phase of WBT’s development program to adapt its unique biometric technology to a mobile platform and commercialising the product was on track for completion in February 2015.

The halt will last until the earlier of the announcement being made or the start of trade on Thursday, 5 March 2015.



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.

Atlantic Gold Corporation increases gold resources in Canada

Atlantic Gold Corporation (ASX:AGB, TSX-V:AGB) has increased Measure and Indicated Resources at its wholly-owned Beaver Dam gold deposit in Canada by about 50% to 9.27 million tonnes at 1.43 grams per tonne, or 426,600 ounces.

The project is located 20 kilometres east of the company’s Touquoy Gold Project and 80 kilometres of Halifax.

Inferred Resources have been reduced by upgrade to Measured and Indicated Resources from 120,000 ounces to 81,300 ounces.

Beaver Dam lies along the same geological trend as the company’s other deposits and is being developed as a satellite to the planned Touquoy operation.

Ore from the deposit will be hauled 37 kilometres by road to the Touquoy processing plant following completion of mining at Touquoy in Year 5.

The combined operation that includes milling ore from Touquoy and Beaver Dam is entitled the Moose River Consolidated project.



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.