Financial Wire

Peel Mining Secures New South Wales Exploration License; Shares Up 7%

-- Peel Mining (ASX:PEX) secured exploration license EL9887, covering the newly identified Thunderstruck prospect in New South Wales, according to a Tuesday filing with the Australian bourse.

The prospect was identified during a review of open-file geological data within the Cobar Basin, the filing said.

The company is now aiming to fast-track drilling to test the target, subject to regulatory approval, per the filing.

Shares rose 7% in morning trade on Tuesday.

Related Articles

Asia

CMGE Technology to Raise HK$30 Million via Share Subscriptions

CMGE Technology (HKG:0302) plans to raise about HK$30 million through subscriptions of new shares, according to a Tuesday Hong Kong bourse filing.The company will issue 122.9 million shares at HK$0.244 each to three investors, including Tanwan (HKG:9890), representing about 4.1% of its existing share capital.Net proceeds will be used to fund game publishing costs, the filing said.

$HKG:0302$HKG:9890
Asia

China HK Power Enters Cooperation Deal With Al-Qimmah Energy

China HK Power Smart Energy Group (HKG:0931) entered into an oil and gas resources and trade cooperation agreement with Al-Qimmah Energy FZCO, according to a Hong Kong bourse filing Tuesday.Under the agreement, Al-Qimmah will supply oil and gas to China HK Power for sale to the international market.Both sides also plan to invest in global oil and gas assets, including a new coastal liquefied natural gas terminal in China.As part of the cooperation, Al-Qimmah also plans to invest in China HK Power shares.

$HKG:0931
Asia

Ardiden Confirms High-Grade Gold Mineralization at Canada Deposit; Shares Up 9%

Ardiden (ASX:ADV) confirmed the presence of high-grade gold mineralization from ongoing diamond drilling at the Astoria deposit within the Rouyn project in Canada, according to a Tuesday filing with the Australian bourse.Assay results from eight diamond drill holes extended previously reported high-grade gold intersections and indicated the presence of both high-grade plunging gold shoots and extensive mineralized envelopes, the filing said.Drilling is ongoing, with more assay results expected in the near term, per the filing.Shares rose 9% in midday trade on Tuesday.

$ASX:ADV