Category: Stocks

Chase Mining shares surge after securing indicative offtake offer for topaz concentrate

gttventures admin

Chase Mining Corporation Ltd (ASX:CML) has received a conditional offtake offer to supply between 2,000 and 5,000 tonne of topaz concentrate per month from its Torrington Project in NSW.

This follows exhaustive quality testing of a bulk sample of the nominally 97% topaz concentrate by an international abrasives supply company as a high-pressure water cutting abrasive feedstock.

The material supplied by Chase is representative of what would be produced by a proposed gravity recovery plant from the present flowsheet with a minus 1 mm silexite feed from Torrington.

Five small caps that have gained more than 300pc in 2018

gttventures admin

Baraka has had an action-packed year culminating in a recent boardroom clean-out and a promise to “long suffering BKP shareholders, we have heard your call for change”.

It’s nonetheless been a rewarding year for shareholders who hung in there with the stock moving from 0.1c as high as 0.9c.

Baraka owns a permit to drill for petroleum in an attractive basin (Southern Georgina) in the Northern Territory. A moratorium on fracking meant it remained idle but regulatory changes in April look set to change that.