The Environmental Protection Authority of Western Australia (EPA) has approved the Environmental Scoping Document (ESD) for Toro Energy Limited's (ASX:TOE) (PINK:TOEYF) 100%-owned Wiluna Uranium Project.
Australia has a key place in meeting a potential shortfall in primary uranium supply and its related contribution as one emerging global energy solution. This role will involve both expanding existing mines and discovering and developing new ones - provided the price is right, according to Toro Energy Limited (ASX:TOE).
ADX Energy Limited (ASX:ADX) (PINK:ADXRF) are pleased to provide an update in relation to the proposed divestment and Initial Public Offering "IPO" of the Company's mineral assets portfolio. This strategy is in-line with the previously stated intention of ADX becoming a highly focused energy company while ensuring that the necessary capital is secured to finance the exploration and development of its highly promising gold and base metals tenements.
The Australian market delivered a strong opening on Monday as investors were inspired by the US Federal Reserve Chairman Ben Bernanke's comments. Wall Street rallied on Friday after Mr. Bernanke said the central bank will do whatever it takes in to support an economic recovery. This morning the local market saw a 1.6 per cent rise in S&P/ASX200 index, and the All Ordinaries gained 1.5 per cent.
Toro Energy Limited (ASX:TOE) (PINK:TOEYF) has completed the extraction of a bulk mineralised sample from a Resource Test Pit at its 100% owned Wiluna Uranium Project.
Gravity survey results over Venus Metals Corporation Limited (ASX:VMC) Radi Hills IOCG/base metal target(*) show that the Radi Hills magnetic high has a coincident "bullseye" 5 mGal gravity high typical of Iron oxide-Copper-Gold (IOCG) deposits.
The Australian sharemarket has opened lower on Friday, led by financials, energy and material sector. Overnight US market ended the choppy session with a loss, as investors seesawed between the disappointing revenue from utilities and consumer companies and a batch of strong earnings reports.
