Since early November 2018, ASX has performed the best this week with a fourth straight session of stocks closing in green on the securities exchange. With both ASX/S&P 200 and all ordinaries doing well few stocks came under discussion with recent updates on them.
VECTOR RESOURCES LIMITED (ASX: VEC) – Located in the Ituri Province of the Democratic Republic of Congo, the company is happy to advise about its proposed acquisition of a 60% interest in the world-class Adidi-Kanga Gold Project all necessary Joint Venture has now been executed. To commence site development and Definitive Feasibility Study activities have also been issued and executed in addition to all approvals required for the acquisition to be completed and the newly formed JV company. The stock is currently in a suspended status, and the last traded price was $0.020. The stock saw a percentage change of 5.26% in the past month.
ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED (ASX: ECT) – To allow the company to pursue an update from project partner a trading halt was granted on 9 January 2019 following their board meeting scheduled for 8 January 2019, further to the company’s announcement of 3 January 2019. The agenda of this board meeting will include NMDC Limited and as advised earlier to the company that ratification of the previously provided in-principle approval of the Research Collaboration Agreement (RCA). The company’s stock is currently trading close to its 52-week low, and the last traded price was $0.011. The stock saw a percentage change of 22.22% in the past year.
AUSTRALIAN MINES LIMITED (ASX: AUZ) – For the purchase and sale of 100% of the nickel sulfate and cobalt sulfate to be produced, from the proposed mining and processing operation both SK Innovation and Australian Mines remain fully committed to the binding term sheet agreement announced in February 2018. The company is wary of media speculation around the off-take binding agreement with SK Innovation and provides the above update to shareholders. Australian Mines and SK Innovation have mutually agreed to extend financing package for the Sconi Project to 19 September 2019. The company’s stock is currently trading close to its 52-week low, and the last traded price was $0.034.
FBR LTD (ASX: FBR) – In less than three days, FBR created history last month by building a three-bedroom, a two-bathroom structure with the Hadrian X. To make Hadrian X easier to operate, even more accurate, highly reliable and faster current development work is focused on machine and control system improvements. FBR owns 100% of the intellectual property they have created along the way. FBR has developed a new commercial model for the Hadrian X known as Wall as a Service or WaaS. The company’s stock is currently trading close to its 52-week low, and the last traded price was $0.070. The stock saw a percentage change of 134.38% in the past five years.
KING RIVER RESOURCES LIMITED (ASX: KRR) – The company is happy to provide results from its latest phase of RC drilling at its Mt Remarkable Project. Suggestively the latest drilling on the easternmost line of the Trudi 5m spaced grid drilling has intersected a new, very high-grade, gold zone which is open, both, up and down plunge to the east. With assays pending the deep diamond drill hole at Speewah was completed. The company’s stock is currently trading close to its 52-week low, and the last traded price was $0.037. The stock saw a percentage change of 52.00% in the past year.
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