Resource Capital Research ("RCR"), an equity research company which focuses on small and mid size resource companies, today launched its major quarterly research report covering 16 global uranium exploration and development companies.
Most Asian stocks tumbled massively yesterday as the Obama government suggested a bankruptcy for the struggling US car makers. Most major indices in Asia opened higher on Tuesday despite sharp loss on Wall Street, largely due to optimism of the local economy and corporate performance.
Corvette Resources Ltd (ASX:COV) (The Company), has received the last batch of assays from the remaining 5 holes from its first phase of Reverse Circulation (RC) drilling programme, completed in December 2008, at the flagship Corvette Prospect within the Plumridge project area, east of Kalgoorlie.
Yesterday Asian share markets ended broadly lower after Wall Street's massive sell-off over the revised proposal to shore up U.S. banks. Japanese markets were closed for a public holiday. Hong Hong's Hang Seng Index dropped 2.5%, while South Korea's Kospi gave up 0.7%.
Yesterday, Australian shares rose more than 1%, led by some banks and miners. The benchmark S&P/ASX200 share index closed up 44 points, or 1.3%, to 3,486.8, and the broader All Ordinaries index rose 37.1 points, or 1.1%, to 3,431.9.
Yesterday the Australian stock market slumped more than 3% with the negative lead from UK. The benchmark S&P/ASX200 index ended 112.7 points, or 3.1%, lower at 3,476.6, the lowest level in two months, while the broader All Ordinaries lost 106 points, or 3%, to 3,425.
Oz Minerals Limited (ASX:OZL) has advised Legend Mining Limited (ASX:LEG) of it's decision to not proceed further with the Mt Gibson JV. Oz Minerals met the first phase, minimum expenditure requirement of A$1.2M through geological/geochemical activities and a diamond drilling programme of approximately 3,000m.
