Australian Market Report of February 14, 2011: Black Fire Minerals (ASX:BFE) To Acquire Tungsten/Copper Project in USA
Virax Holdings Limited (ASX:VHL) has signed a worldwide exclusive License Agreement with leading French biopharmaceutical company Transgene (EPA:TNG) for Virax to develop Transgene's TG1042, a clinical-stage skin cancer immunotherapy product. The worldwide Licensing Agreement is a major potential opportunity for Virax to develop the treatment of skin cancer in the Australian and global market. Virax plans to move rapidly to a clinical trial with TG1042 in Australia in 2011.
Southern Cross Goldfields Limited (ASX:SXG) reported excellent results from the recent drilling program at the Battler deposit in Western Australia. The drilling program is to confirm, and where possible, extend the current 37,500 ounces gold resource at Battler. Battler is just one of seven key oxide deposits that underpin the Company's production strategy. The company plans to build a 400,000tpa gold processing plant, targeting an initial production rate of 30,000 ounces per year over 5 years.
Prosperity Resources Limited (ASX:PSP) has commenced its first drilling program at Panton Luas Prospect in its Aceh Project in Indonesia. Previously trenching at Panton Luas recorded results including 15 metres at 6.71g/t gold, 6 metres at 2.7g/t gold and 15 metres at 3.10g/t gold. An ongoing drilling program is anticipated on the basis of successful results from this initial program.
Prosperity Resources Limited
Prescient Therapeutics Ltd
Pacific Gold Corporation
Black Oak Minerals Ltd
Black Fire Minerals Limited