Proactiveinvestors USA & Canada NTM Gold Ltd https://www.proactiveinvestors.com Proactiveinvestors USA & Canada NTM Gold Ltd RSS feed en Mon, 27 May 2019 04:20:06 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Northern Manganese Ltd has drill core on the table ]]> https://www.proactiveinvestors.com/companies/news/169575/northern-manganese-ltd-has-drill-core-on-the-table-169575.html About a month ago the company wrapped up a 16 hole reverse circulation program at the Redcliffe Gold Project, located near Leonora in Western Australia.

The halt will remain in place until the opening of trade on Wednesday 30th November 2016, or earlier if an announcement was made to the market.

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Mon, 28 Nov 2016 15:30:00 -0500 https://www.proactiveinvestors.com/companies/news/169575/northern-manganese-ltd-has-drill-core-on-the-table-169575.html
<![CDATA[News - Northern Manganese Ltd to reveal exploration results ]]> https://www.proactiveinvestors.com/companies/news/165506/northern-manganese-ltd-to-reveal-exploration-results-70529.html Northern Manganese Ltd (ASX:NTM) is preparing to reveal results from the recently completed drilling program at the Nambi Prospect, within the Redcliffe Gold Project in Western Australia.

The halt will remain in place until the opening of trade on Monday 22nd August 2016, or earlier if an announcement is made to the market.

 

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Thu, 18 Aug 2016 11:30:00 -0400 https://www.proactiveinvestors.com/companies/news/165506/northern-manganese-ltd-to-reveal-exploration-results-70529.html
<![CDATA[News - Northern Manganese Ltd is ASX % Gainer intra-day ]]> https://www.proactiveinvestors.com/companies/news/139649/northern-manganese-ltd-is-asx-gainer-intra-day-69055.html Monday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume Northern Manganese Ltd NTM $0.048 380% 29,712,178 Lakes Oil NL LKO $0.002 100% 1,000,000 Metal Bank Ltd MBK $0.019 90% 61,400,593 Koon Holdings Ltd KNH $0.150 66.67% 12,000 Ram Resources Ltd RMR $0.003 50% 200,000 Norwest Energy NL NWE $0.003 50% 1,280,080 Platina Resources Ltd PGM $0.155 34.78% 1,297,964 Chapmans Ltd CHP $0.004 33.33% 12,000,000 Inca Minerals Ltd ICG $0.004 33.33% 1,000,000 Coppermoly Ltd COY $0.012 33.33% 246,888

 

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Mon, 06 Jun 2016 12:30:00 -0400 https://www.proactiveinvestors.com/companies/news/139649/northern-manganese-ltd-is-asx-gainer-intra-day-69055.html
<![CDATA[News - Northern Manganese Ltd has exploration results on the table ]]> https://www.proactiveinvestors.com/companies/news/139648/northern-manganese-ltd-has-exploration-results-on-the-table-69009.html Northern Manganese Ltd (ASX:NTM) is preparing to reveal initial exploration results, with the ASX granting the company a trading halt to prepare.

Last month the company commenced drilling at the Redcliffe Gold Project, which is located in the highly prospective region of Leonora in the Eastern Goldfields Region of Western Australia.

The region hosts several multi-million ounce gold deposits.

The halt will remain in place until the opening of trade on Monday 6th June 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 02 Jun 2016 19:00:00 -0400 https://www.proactiveinvestors.com/companies/news/139648/northern-manganese-ltd-has-exploration-results-on-the-table-69009.html
<![CDATA[News - Northern Manganese acquisition has gold production potential ]]> https://www.proactiveinvestors.com/companies/news/139647/northern-manganese-acquisition-has-gold-production-potential-64067.html Northern Manganese (ASX:NTM) is acquiring a 51% stake in the Redcliffe Gold Project (RGP) in Western Australia’s Eastern Goldfields region that has potential for near term production from Redcliffe Resources (ASX:RCF).

It has also entered into an agreement with Redcliff Resources.

The company is paying $260,000 and 13,888,889 NTM shares as consideration for the stake in RGP, which has a Resource of 278,100 ounces of gold over eight deposits.

RGP is located approximately 40 to 55 km north-east of Leonora and encompasses granted mining leases of an area of 47 square kilometres.

There are a number of plants in the genera area, raising the potential for third party processing of RGP ore.

Northern Manganese has the potential to increase its interest in the project to 85%.

Under the proposed merger, Redcliffe shareholders will receive one NTM share for every 2.75 RCG shares held.

This is represents a 23% premium based on the Volume Weighted Average Price of both NTM and RCF over the last three months.

Shares in NTM last traded at $0.013 while RCF last traded at $0.005.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 19 Aug 2015 09:30:00 -0400 https://www.proactiveinvestors.com/companies/news/139647/northern-manganese-acquisition-has-gold-production-potential-64067.html
<![CDATA[News - Northern Manganese receives payment for Northern Territory tenements ]]> https://www.proactiveinvestors.com/companies/news/139646/northern-manganese-receives-payment-for-northern-territory-tenements-56666.html Northern Manganese (ASX:NTM) will receive a payment of $2.8 million from the Northern Territory Government in return for the surrender of its Groote Eylandt sea or ‘wet’ tenements.

This followed the NT Government’s move to declare a general reservation over the waters surrounding Groote Eylandt.

The reservation would have a severe negative impact on the four tenements.

Northern Manganese had then submitted a financial claim setting out a number of proposed terms and conditions including a compensation sum.

This led to the agreement for the payment.

The company still holds applications for four Islands and three ‘wet’ tenements in Blue Mud Bay as well as two Island applications within the Groote Eylandt project area.

While the Islands are subject to negotiations, the wet tenements still fall within the moratorium.

Northern Manganese is reviewing its funding agreements and capital raising initiatives going forward.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 01 Aug 2014 16:30:00 -0400 https://www.proactiveinvestors.com/companies/news/139646/northern-manganese-receives-payment-for-northern-territory-tenements-56666.html
<![CDATA[News - Northern Manganese nets cash and shares from sale of magnetite project in WA ]]> https://www.proactiveinvestors.com/companies/news/139645/northern-manganese-nets-cash-and-shares-from-sale-of-magnetite-project-in-wa-49597.html Northern Manganese (ASX:NTM) has entered into a binding agreement to sell its 100% interest in a magnetite project at Mt Alexander in Western Australia to Zenith Minerals (ASX:ZNC).

Northern Minerals will receive 500,000 ZNC shares and payment of $50,000 cash as consideration.

The sale of the Mt Alexander tenement allows Northern to focus on manganese exploration in the Northern Territory whilst retaining exposure to the project via its new shareholding in Zenith.

Northern retains a belief in the value of manganese as an exploration and development target due to its fundamental links to expanding steel production in the Asian region.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 29 Oct 2013 15:20:00 -0400 https://www.proactiveinvestors.com/companies/news/139645/northern-manganese-nets-cash-and-shares-from-sale-of-magnetite-project-in-wa-49597.html
<![CDATA[News - Northern Manganese to start negotiations for Northern Territory manganese licences ]]> https://www.proactiveinvestors.com/companies/news/139644/northern-manganese-to-start-negotiations-for-northern-territory-manganese-licences-45822.html Northern Manganese (ASX: NTM) has been given the green light from the Northern Territory Minister for Mines to enter into negotiations with the Northern Land Council for the four Island based Exploration Licence.

Consent to negotiate for the four licences in the Blue Mud Bay area had been delayed for a considerable time due to the confusion created by the Moratorium imposed in March 2012 on coastal waters based exploration by the former NT Government.

The company added that while its previous Co-Operation Agreement with the Blue Mud Bay community had expired, it had no reason to believe that they would not welcome the issuing of the consent based on previous engagements and their stated desire to see meaningful development occur in their community.

Manganese in the Blue Mud Bay area formed in shallow marine conditions just above a marine transgression, which may have formed during periods of high sea level and simultaneous anoxic events in an adjacent black shale basin.

It is believed that oxidation and weathering of primary ores produced these high grade, high quality supergene ores in the area.

Manganese ore occurs over an area exceeding 150 square kilometres on the western side of the Groote Eylandt.

The sedimentary and tabular nature of the manganese deposits and their interpreted shallow extensions dip towards the west and to the south leading to the suggestion that manganese mineralisation may occur beneath the shallow sea floor.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 22 Jul 2013 16:20:00 -0400 https://www.proactiveinvestors.com/companies/news/139644/northern-manganese-to-start-negotiations-for-northern-territory-manganese-licences-45822.html
<![CDATA[News - Northern Manganese to update grant of exploration licenses ]]> https://www.proactiveinvestors.com/companies/news/139643/northern-manganese-to-update-grant-of-exploration-licenses-45770.html Northern Manganese (ASX: NTM) is preparing details regarding new information about the company's consent applications status for the grant of exploration licenses, with the ASX granting the company a trading halt - with its shares placed in pre-open.

The company has extensive offshore manganese exploration projects in the Northern Territory.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 23rd July 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 19 Jul 2013 15:20:00 -0400 https://www.proactiveinvestors.com/companies/news/139643/northern-manganese-to-update-grant-of-exploration-licenses-45770.html
<![CDATA[News - Northern Manganese drilling to follow-up 34.8% copper rock chips at Wounded Knee ]]> https://www.proactiveinvestors.com/companies/news/139642/northern-manganese-drilling-to-follow-up-348-copper-rock-chips-at-wounded-knee-34048.html Northern Manganese (ASX: NTM) is poised to start a 10 hole reverse circulation drilling program targeting a known copper occurrence at its Wounded Knee project in the Pilbara Mineral Field, Western Australia.

Rock chip and grab samples from previous exploration returned values of up to 34.8% copper, 1.6 grams per tonne (g/t) gold, 1000g/t silver, 15.9% lead, 3,230ppm zinc and 213ppm molybdenum.

An earlier soils sampling program returned twelve samples with over 500ppm copper.

These results as well as geological observations have allowed Northern to identify numerous areas of interest.

Wounded Knee is located about 120 kilometres east of Nullagine and 15 kilometres southeast of the Woodie Woodie Mine.

It is surrounded by other projects including Encounter Resources (ASX: ENR) Yeneena Copper Project, Aditya Birla Minerals’ (ASX:ABY) Birla Nifty Copper Mine, Newcrest Mining’s (ASX: NCM) Telfer Copper/Gold Mine and Cameco Corporation’s (TSE: CCJ) uranium/gold/base Metals Kintyre Project.

 

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Tue, 02 Oct 2012 15:30:00 -0400 https://www.proactiveinvestors.com/companies/news/139642/northern-manganese-drilling-to-follow-up-348-copper-rock-chips-at-wounded-knee-34048.html
<![CDATA[News - Northern Manganese receives ASX speeding ticket over 118% share price jump ]]> https://www.proactiveinvestors.com/companies/news/139641/northern-manganese-receives-asx-speeding-ticket-over-118-share-price-jump--28571.html Northern Manganese (ASX: NTM) has attracted investor interest recently with shares spiking 118% to an intra-day high of A$0.059 yesterday, which has prompted a price and volume query from the ASX.

Shares increased from $0.027 on Wednesday, 2 May.

The ASX also noted an increase in the volume of securities traded over the same period, with 3.6 million shares changing hands from the close of trade on 2 May to the close of trade yesterday.

The company responded to the ASX saying it is not aware of any material information that has not been disclosed to the market, which may explain the sudden investor interest.

Northern Manganese is in the process of reviewing the potential impact to the company of the Northern Territory’s recently announced moratorium on sea bed mining in coastal waters.

In early March the State Government announced it had put in place a three year moratorium to allow for a comprehensive assessment of the potential impacts of sea bed mining by the Environment Protection Authority.

The decision by the Government means that exploration applications and applications for mining of bulk materials in coastal waters will not be granted until 2015.

Late last year, Northern Manganese received approval for its Groote Eylandt project, offshore Northern Territory, from the Department of Sustainability, Environment, Water, Population and Communities.

An authorisation of the mine management plan from the Northern Territory Department of Resources was the last regulatory action required before an acoustic survey could be conducted.

It is unclear as to whether the moratorium includes non-invasive exploration programs such as the acoustic survey, for which Northern Manganese has received Federal Government approval.

The company, which also owns 100% of the Blue Mud Bay project offshore Northern Territory, will be seeking clarification as to whether or not the moratorium applies to granted exploration titles.



Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Tue, 08 May 2012 08:20:00 -0400 https://www.proactiveinvestors.com/companies/news/139641/northern-manganese-receives-asx-speeding-ticket-over-118-share-price-jump--28571.html
<![CDATA[News - Northern Manganese to assess impact of Northern Territory’s sea bed mining moratorium ]]> https://www.proactiveinvestors.com/companies/news/139640/northern-manganese-to-assess-impact-of-northern-territorys-sea-bed-mining-moratorium--26236.html Northern Manganese (ASX: NTM) has sought the assistance of legal counsel to review and advise on the potential impact to the company of the Northern Territory’s recently announced moratorium on sea bed mining in coastal waters.

Earlier this week the State Government announced that it had put in place a three year moratorium to allow for a comprehensive assessment of the potential impacts of sea bed mining by the Environment Protection Authority.

The decision by the Government means that exploration applications and applications for mining of bulk materials in coastal waters will not be granted until 2015.

Interestingly, the moratorium does not extend to petroleum exploration and production, and port development.

Late last year, Northern Manganese received approval for its Groote Eylandt project, offshore Northern Territory, from the Department of Sustainability, Environment, Water, Population and Communities.

An authorisation of the mine management plan from the Northern Territory Department of Resources was the last regulatory action required before an acoustic survey could be conducted.

It is unclear as to whether the moratorium includes non-invasive exploration programs such as the acoustic survey, for which Northern Manganese has received Federal Government approval.

The company, which also owns 100% of the Blue Mud Bay project offshore Northern Territory, will be seeking clarification as to whether or not the moratorium applies to granted exploration titles.

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Fri, 09 Mar 2012 10:10:00 -0500 https://www.proactiveinvestors.com/companies/news/139640/northern-manganese-to-assess-impact-of-northern-territorys-sea-bed-mining-moratorium--26236.html
<![CDATA[News - Northern Manganese in pre open following Northern Territory sea bed mining moratorium ]]> https://www.proactiveinvestors.com/companies/news/139639/northern-manganese-in-pre-open-following-northern-territory-sea-bed-mining-moratorium-26141.html Northern Manganese (ASX: NTM) has been granted a trading halt by the ASX pending an announcement regarding a decision made by the Northern Territory Government.

The state government yesterday announced that it had placed a three year moratorium on sea bed mining in the coastal waters of the Northern Territory.

This moratorium will allow for a comprehensive assessment of the potential impacts of sea bed mining by the Environment Protection Authority.

Significantly, the decision by the government means that exploration applications and applications for mining of bulk materials in coastal waters will not be granted until 2015.

In the December quarter of 2012, Northern Manganese received approval for its Groote Eylandt project, offshore Northern Territory, from the Department of Sustainability, Environment, Water, Population and Communities.

An authorisation of the mine management plan from the Northern Territory Government Department of Resources was the last regulatory action required before an acoustic survey could be conducted.

The company also holds 100% of the Blue Mud Bay project, offshore Northern Territory.

Other operations

Northern’s interests outside of the Northern Territory include the Mt Alexander Project in Western Australia, where uranium, lead, zinc and tantalum targets have been delineated, will not be affected by the decision.

In addition, late last month, the company entered into a purchase agreement to acquire 100% of the Wounded Knee Project in Western Australia, which is held by a Kalgoorlie-based prospector.

Wounded Knee is located in the Pilbara Mineral Field, and is prospective for base metals.

Securities in Northern Manganese are expected to remain in trading halt for up to two days, until the commencement of trading on Friday March 9, 2012.

If an announcement is not made at the end of the trading halt period, the company intends to request the suspension of its securities.

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Wed, 07 Mar 2012 15:10:00 -0500 https://www.proactiveinvestors.com/companies/news/139639/northern-manganese-in-pre-open-following-northern-territory-sea-bed-mining-moratorium-26141.html
<![CDATA[News - Northern Manganese raises $300,000 to progress tenement approvals ]]> https://www.proactiveinvestors.com/companies/news/139638/northern-manganese-raises-300000-to-progress-tenement-approvals-25550.html Northern Manganese (ASX: NTM) is raising A$300,000 through a share placement, with part of the money raised to support the ongoing political and legal management of approvals for the company’s tenements.

The company has placed 10 million shares at $0.03 each to sophisticated investors. Each share issued comes with one free attaching option exercisable at $0.06 and expiring on February 28, 2015.

Funds raised through the placement will go towards assembling the consultants and support team needed for the political and legal management of various approval processes for the tenements.

In addition, Northern will use the funds to accelerate research and exploration on existing tenements, undertake due diligence on existing and new project opportunities and complete financial modelling.

While the share placement falls within Northern’s available 15% capacity under ASX Listing Rule 7.1, the options issue is subject to shareholder approval, with a meeting to be called soon.

Northern Manganese holds the exploration rights for six tenements in the Northern Territory, which cover a total of 1,723 square kilometres of shallow marine terrain and two islands near Groote Eylandt.

The company’s tenements are located adjacent to Groote Eylandt Mining Company’s world-class manganese deposits, and contain interpreted extensions of these.

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Tue, 21 Feb 2012 10:40:00 -0500 https://www.proactiveinvestors.com/companies/news/139638/northern-manganese-raises-300000-to-progress-tenement-approvals-25550.html
<![CDATA[News - Northern Manganese granted halt pending placement of securities announcement ]]> https://www.proactiveinvestors.com/companies/news/139637/northern-manganese-granted-halt-pending-placement-of-securities-announcement-25442.html Northern Manganese (ASX: NTM) has been granted a trading halt by the ASX pending the release of details surrounding a proposed placement, with the company's shares placed in pre-open.

Northern Manganese has not yet indicated where the potential inflow of funds will be allocated, but the company has previously highlighted that it is reviewing potential acquisitions.

The acquisitions would be manganese related, and could be either domestic or international.

The halt will last until the earlier of the announcement being made to the market, or the opening of trade on Tuesday 21 February.

 

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Fri, 17 Feb 2012 11:40:00 -0500 https://www.proactiveinvestors.com/companies/news/139637/northern-manganese-granted-halt-pending-placement-of-securities-announcement-25442.html