Annual Report 2014

Download PDF

Subscribe to Recieve Email Updates

Vertical Tabs

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

Golden Rim Resources is Tuesday's ASX Most Traded with 53 million

Tuesday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume
Golden Rim Resources GMR $0.002 0% 53,101,666
Antipa Minerals AZY $0.018 -5.26% 40,118,407
TV2U International TV2 $0.017 0% 38,826,017
Raya Group RYG $0.033 -13.16% 35,981,656
Telstra TLS $5.610 -1.06% 33,175,858
Lynas Corporation LYC $0.078 -6.02% 24,137,585
WHL Energy WHN $0.002 100% 21,589,999
KBL Mining KBL $0.033 57.14% 20,998,517
South32 Limited S32 $1.135 -4.22% 20,584,583
Ookami OOK $0.023 0% 20,207,283

 

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

TasFoods dairy products show their wares in revenue growth

TasFoods (ASX:TFL) has revealed revenues from sales of its Meander Valley Dairy products have grown 100% compared to the previous period for the first three months after acquisition based on strong demand from Coles and Woolworths.

The Launceston based premium cream and dairy products processing company was acquired by OnCard International which became TasFoods in 2015.

Revenues for the three months were $700,000 with demand for cream products showing strong growth and part of a growth spurt for Australian dairy producers.

While traditional lines of premium creams and butter remain robust, the product range could be expanded in coming months which would see a relocation of the dairy operations to gain greater efficiencies and cater for the growth.

The company said new opportunities continue to emerge. This would begin to overcome the trumping of TasFoods' takeover offer for The Van Diemens Land Company. 

TasFoods agreed to settle the case for $1.25 million to avoid protracted legal proceedings.

Rob Woolley, chairman of the company said was committed to developing the Tasmanian branded food company, and that the results from Meander Valley show that demand for quality Tasmanian food products remains strong.

 


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

 

Renaissance Minerals trousers $3.4M for Cambodian gold development

Renaissance Minerals (ASX:RNS) has raised a tidy $3.4 million at $0.03 each for development of its Cambodian gold project from sophisticated and institutional investors.

The Okvau deposit has a 1.1 million ounce resource grading 2.2g/t gold although this appears likely to grow given Okvau is still open in terms of mineralisation and has numerous untested nearby gold targets to add ounces.

Renaissance added a joint venture partner in Emerald Resources NL which can earn up to a 51% stake in the project and it took part in the placement and will hold 10% of Renaissance on completion.

Emerald has a track record in successful development of gold projects for Equigold NL and, most recently, as an operational director of Regis Resources (ASX:RRL).

Emerald will fund a Definitive Feasibility Study for the development of Okvau Gold Deposit to a bankable level, an environmental & Social Impact Assessment and a 2 year exploration program of US$3 million.

The project has compelling economic metrics including planned production to 100,000 ounces per annum over 8 year mine life from a single pit with average all-in-costs of US$735 per ounce.

 

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

Argent Minerals agrees West Wyalong farm-in terms, exploration to heat up

Argent Minerals (ASX:ARD) will now have until 30 June 2017 to earn and pay for a 70% interest in the West Wyalong Farmin with Golden Cross Resources (ASX:GCR) after the partners agreed to the extension.

This is an extension of 18 months beyond the previous earn-in date of 9 January 2016.

Significantly, the balance of Argent’s $1,350,000 total commitment to earn 70% has been reduced to $372,570.

A large porphyry copper-gold target has been identified by Argent at West Wyalong which shows significant promise given the mineral endowment of the region.

The project is just 7 kilometres from the West Wyalong gold fields that produced 445,700 ounces of gold between 1894 and 1921.

The region hosts the world-class porphyry copper-gold mines of Newcrest's Cadia and China Molybdenum and Sumitomo's Northparkes copper and gold mine located 27 kilometres north west of Parkes.

It is also 37 kilometres to the north of West Wyalong - the Cowal mine. Cowal was acquired by Evolution Mining (ASX:EVN) in July 2015 for US$550 million and has ore reserves of 2.2 million ounces of gold.


Exploration about to heat up at West Wyalong porphyry copper gold target


First up is the commencement of an extended induced polarisation (IP) geophysics survey scheduled for February 2016.

This will be followed with the design of a drill test plan for the target.

The strong copper-gold geochemistry intersected by shallow aircore drilling also has some similarities to the Northparkes system.

 

 

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

Montezuma Mining Company to drill at Yamarna after recent gold discovery

Montezuma Mining Company (ASX:MZM) will be back drilling at its Yamarna Project in Western Australia by months end after a recent discovery that returned values up to 19.1 g/t gold.

Ore grade intersections were discovered over 400 metres of strike at the Jatz target corridor from drilling that was just completed.

Encouragingly, drilling tested only a very small part of what appears to be a target corridor of 5 kilometres in strike length and up to 2 kilometres in width, indicating significant potential for further high grade gold discoveries.

While a closer spaced, multi hole reverse circulation program to test the northern and southern extensions of the mineralisation at Jatz is a priority, Montezuma Mining executive director Justin Brown will put to work part of the company's cash reserves of $5.7 million to test the broader regional potential with a broad spaced aircore drilling of up to 15,000 metres.

Multiple regional coincident magnetic and geochemical targets have been identified for geochemical aircore drill testing.

Meanwhile heritage clearances are in place to allow drilling to recommence before month end.

So Montezuma will leverage the now proven potential of the Jatz target corridor with the newly identified regional targets going forward.

Clearly, with so little of the corridor not drilled to date, it is not surprising Montezuma wants to get rigs turning to unearth the Yamarna potential as soon as possible.

With that, will emerge a pick-up in newsflow.

The Yamarna Belt is historically underexplored but the success of Gold Road Resources (ASX:GOR) with a 5.1 million ounce resource is evidence of the potential of Yarmarna project to host significant basement gold mineralisation.


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

Pantoro Limited's managing director lifts stake on-market

Pantoro Limited's (ASX:PNR) managing director, Paul Cmrlec, has increased his stake in the company through an on-market trade.

Pantoro is currently in the full ramp-up process at the Nicolsons mine, located in the Kimberly Region of Western Australia.

Nicolsons produced 4,180 ounces of gold during the December quarter 2015, with a total cash cost of sales of $1,190 per ounce.

Mine performance continued to improve throughout the period, producing 1,745 ounces at a total cash cost of sales of $989 per ounces, and site net positive cash flow of $223,000.


Paul Cmrlec


Cmrlec purchased 126,534 shares for $10,243.52, for an average buy price of $0.081.

The purchase increased Cmrlec's direct and indirect interest to 3,051,893 shares, and he also holds several lines of options.

 

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

KBL Mining among ASX % Gainers intra-day

Tuesday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume
KBL Mining KBL $0.040 90.48% 13,171,015
AnaeCo ANQ $0.003 50% 661,683
Redcliffe Resources RCF $0.003 50% 9,120
Laneway Resources LNY $0.003 50% 600,000
Strandline Resources STA $0.006 50% 2,083,500
Kogi Iron KFE $0.019 26.67% 172,000
Godfreys Group GFY $1.240 20.39% 148,033
Argonaut Resources ARE $0.006 20% 263,837
Millennium Minerals MOY $0.064 18.52% 5,504,330
Threat Protect Australia
TPS $0.039 18.18% 1,000,898

 

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

Aussie Gold soars over A$1670 an ounce

The spot gold market opened about an hour ago (10am Sydney, Australia, time), and has added another couple of dollars to US$1192 an ounce.

This comes after a 3.5% gain overnight, and a 5% rally the week before.

And the news keeps getting better for Australian producers.

With a foreign exchange rate of AUD / USD 0.708, this prices Aussie Gold at over A$1670 an ounce.

While producers have recently been getting a re-rating, interest is also expected to increase in explorers with pending results.

 

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

Pacific Ore granted ASX trading halt

Pacific Ore (ASX:PSF) has been granted a trading halt by the ASX, with its shares placed in pre-open.

PSF requested the halt pending details regarding Syntonic Wireless, Inc. signing an agreement with a global telecommunications provider.

PSF is acquiring 100% of the issued share capital of Syntonic.

The halt will remain in place until the opening of trade on Thursday 11th February 2016, or earlier if an announcement is made to the market.

 

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