In this issue: World steel output is showing strong growth again and equity markets break through resistance to reach new rally or all time highs. Non-OECD growth and robust US housing stats are good for the Resources Sector. Read this latest Dawes Points to better understand the global forces that drive resources sector investment.
Stellar Resources Limited (ASX:SRZ) is pleased to advise that it has completed a review and upgrade from JORC 2004 to JORC 2012 of Mineral Resource estimates for its 100% owned Zeehan tin deposits.
ABM Resources NL (ASX:ABU) is pleased to provide an update on recent drilling in the Du Faur Project area, part of the Company's Lake Mackay alliance with Independence Group NL ("IGO") (ASX:IGO).
Hastings Rare Metals Ltd (ASX:HAS) is pleased to announce that the first assay results from the Pre-Feasibility study drilling programme at its Yangibana Project in the Gascoyne Region of Western Australia is continuing to intersect neodymium-rich mineralisation.
The technical evidence is mounting for a significant change in market sentiment for gold and the gold sector in North America and in Australia. The evidence may still be tentative but important changes seem to be underway in a number of markets.
Metals X Limited (ASX:MLX) (OTCMKTS:MTXXY) continued to consolidate its position as a gold producer with the end of the quarter marking the first year anniversary as a gold producer from its gold division strategy. Production guidance on acquisition was for a first full year of 150,000 per ounce at total costs of A$1,000 per ounce.
As proposed in resolution 4 of the Metals X Limited's (ASX:MLX) (OTCMKTS:MTXXY) forthcoming Annual General Meeting, to be held on 26 November 2014, the Company wishes to advise security holders of the details and proposed timetable in relation to the consolidation of capital.
