Annual Report 2014

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About Latitude

Latitude Consolidated Limited (ASX:LCD) is an Australian Listed Mining and Exploration Company.

The Company holds the Lyndon Station Base Metals Project located in the Canarvon Gascoyne region, and is evaluating options for further exploration.

 

Please refer to the 'Projects' link above for details of this project

Latitude also continues to investigate and evaluate new opportunities available to it to generate value for shareholders.

 

On 6 July 2016 the Company announced to the ASX that it has signed an agreement to acquire 100% of the issued capital of MGK Resources Pty Ltd which holds the high grade ‘Mt Ida South’ and ‘Quinns’ gold exploration projects, located in the Eastern Goldfields of Western Australia.


On 29 July 2016, the Company lodged a Prospectus with ASIC and ASX for a non-renounceable entitlement issue of 2 fully paid ordinary shares in the capital of the Company (Share) for every 5 Shares held by eligible shareholders at an issue price of $0.04 per Share to raise up to approximately $702,008 (the Offer).

In order to access a copy of the Prospectus, click here

Proactive Investors

Triangle Energy Ltd tops ASX % Gainers intra-day

Tuesday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume
Triangle Energy (Global) Ltd TEG $0.002 100% 1,700,000
Centaurus Metals Ltd CTM $0.017 70% 27,961,775
Moko Social Media Ltd MKB $0.003 50% 250,000
De Grey Mining Ltd DEG $0.004 33.33% 52,294,322
Engenco Ltd EGN $0.175 25% 44,929
Minbos Resources Ltd MNB $0.005 25% 765,800
Genetic Technologies Ltd GTG $0.017 21.43% 2,009,881
Weststar Industrial Ltd WSI $0.040 21.21% 125,000
Sun Resources NL SUR $0.018 20% 114,400
Mincor Resources NL MCR $0.345 18.97% 1,056,257

 

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.

Medlab Clinical Ltd initiates Phase 2a after positive anti-depression results

Medlab Clinical Ltd (ASX:MDC) will initiate Phase 2a human trial of its anti-depression therapy following encouraging results from Phase 1. 

Participants in the Phase 1 human trials were administered a Medlab formulation named NRGBiotic to assess whether it could improve depression symptoms and clinical outcomes. 

The first trial of eight weeks showed significant improvement in 80% of the trial cohort, with the second trial of the same period showing further improvement in +90% of the trial cohort.

Medlab is proceeding immediately to Phase 2a human clinical studies on the basis of these significant results.

In initiating the Phase I trial, Medlab hypothesised that treatment-resistant depression may be due to a combination of altered neurophysiological and poor gut health issues. 

The hypothesis has been influenced by the Human Microbiome Project, a five year project by the U.S. National Institute of Health aimed at understanding the role of bacteria living in and on humans. 

Medlab has formulated NRGBiotic as a bacteria-based medicine that targets the gut–brain axis to treat patients diagnosed with treatment-resistant depression. 

Importantly, the outcomes from the Phase I trial were positive for the underlying hypothesis and the application of NRGBiotic. 

The Australian Bureau of Statistics has estimated 45% of Australians aged 16-85 years have met the criteria for a diagnosis of a mental disorder at some point in their lives. 

Medlab is looking to participate in Australia’s mental illness market which costs the country in the order of $20 billion annually.

The company’s share price has increased by 80% during the past 6 months, trading at $0.375.


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.

Azure Healthcare Ltd wins major U.S. order, restructuring in progress

Azure Healthcare Ltd (ASX:AZV) has received a $1.1 million purchase order from a North American hospital for the supply of internet protocol based ‘Tacera’ nurse call system. 

The commissioning of the system and completion is expected in the 2017 financial year.

Azure is also implementing cost saving measures, including the closure of its Perth factory, which will realise annual savings of between $1 million to $1.4 million.

Additionally, the company has reduced its headcount to 135 employees in March 2016 from 173 employees in July 2015, lowering expenses by over $2 million annually.

Azure manufactures nurse call systems and clinical workflow solutions to enhance communication between patients and caregivers.

The company and its subsidiaries have 4,500 installations in 60 countries.

The new hospital project in North America will also include the deployment of the recently launched Tacera Pulse software suite. 

Tacera Pulse allows senior healthcare management to monitor call activity, staff response times and other key performance indicators.

Azure reported a revenue of $32 million for the full year ended 30 June 2016 and closed its books with $1.7 million in cash.

The global nurses call systems market is expected to grow to more than US$1.5 billion in 2020, from US$985 million in 2016.


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.

Breaker Resources NL hits sulphides and visible gold at Lake Roe

Breaker Resources NL (ASX:BRB) has encountered significant visual sulphide mineralisation typically associated with gold from drilling at the Lake Roe Project, 100 kilometres east of Kalgoorlie.

The company is currently awaiting assay results from the ongoing drilling program.

The reverse circulation and diamond drilling are part of a staged program designed to assess and prioritise areas within the Lake Roe gold system for resource delineation drilling.

The main target is a 4.4 kilometre-long zone of strong gold anomalism grading up to 10.53 g/t gold.

Notably, diamond drilling in progress at the Bombora North Prospect has identified visible gold in each of the first two diamond drill holes.

The visual observations in the reverse circulation drill holes relate to the southern 400 metre portion of the 1.2 kilometre zone between the Bombora and Bombora North discoveries.

The drilling is currently moving northwards towards the Bombora North discovery on a 200 metre drill line spacing to assess the remaining untested 800 metres.

If successful, the drilling has the potential to establish a continuous 2.2 kilometre long zone of mineralisation.

The diamond drilling component of the drilling will be 50% funded (up to $150,000) under the Western Australia Government’s Exploration Incentive Scheme 2016-17.

Breaker Resources had a cash balance of $1.8 million as at 30 June 2016.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Crude oil snaps win streak

Crude oil prices fell sharply overnight, snapping a two-session win streak, as production from the Middle East weighed on prices.

West Texas Intermediate fell 1.4% to US$46.98 a barrel.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

New York gold settles higher

Gold for December delivery traded out of New York settled up 0.1% overnight at US$1327 an ounce.

Year to date, gold is up 25%.

Silver climbed 1.1% to US$18.82 an ounce.

Year to date, silver is up 36%.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

GBM Resources Ltd to assess near term gold production with drilling

GBM Resources Ltd (ASX:GBZ) has commenced a scoping study to evaluate options for the recommencement of mining operations at the Koala Gold Mine in Queensland’s Drummond Basin.

A two staged drilling program will form part of the study to test the resource area around the old underground workings at the Koala Gold Mine.

The two stage program will total 4,600 metres of drilling and is expected to provide sufficient data to improve the confidence level of the old underground workings.

The Koala Gold Mine is part of the Mt Coolon Gold Project where a separate scoping study was completed earlier this month demonstrating the potential economic viability of heap leaching the Eugenia gold deposit.

The Eugenia mine is a small open pit, heap leach gold operation planned to operate over 16 months.

GBM is expecting to recover 32,588 ounces of gold from Eugenia at an operating cost of $848 per ounce, after incurring capital costs of $8.3 million.

The expected free cash flow is planned to be allocated to accelerate the expansion of the known open pit resources and the mineralised systems within the Mt Coolon project.

GBM’s objective is to build the Mt Coolon Gold Project inventory to a level that will support the commissioning of a carbon in leach plant.

Drilling is planned to commence in the coming weeks.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Eden Energy Ltd shares rise after major breakthrough in the U.S.

Eden Energy Ltd’s (ASX:EDE) share price has gained after a breakthrough with the Georgia Department of Transportation (GDOT) in the U.S. to use EdenCrete concrete additive for highway repair projects.

GDOT is identifying several suitable upcoming, state funded highway slab replacement projects in which it proposes to specify in the request for tender, that EdenCrete be added to the concrete.

These projects, if awarded, will be the first commercial projects involving the use of EdenCrete on U.S. highway repair projects.

EdenCrete is a proprietary carbon-strengthened concrete additive used to strengthen and extend the life of concrete roads, bridges and other infrastructure.

This decision was taken by GDOT after reviewing the considerable improvement in performance shown by an EdenCrete enriched section of concrete laid in August 2015.

To date, the EdenCrete section is showing no visible cracking or significant signs of wear after nearly 12 months.

However, the adjoining control section, laid at the same time and using the same concrete mix but containing no EdenCrete, is already showing a significant crack developing.

The decision by GDOT to specify the use of EdenCrete in several requests for highway repair projects is a major milestone in Eden’s entry into the U.S. infrastructure market.

Eden Energy had a significant cash position of $11.2 million as at 30 June 2016.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Tlou Energy Ltd to reveal capital raising

Tlou Energy Ltd (ASX:TOU) has been granted a trading halt by the ASX, pending details of a placement to sophisticated and professional investors.

The halt will remain in place until the opening of trade on Wednesday 31st August 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.