Latest news with #Advance
The Age
15 hours ago
- Business
- The Age
Advance drilling program aims to extend high-grade Victorian gold
Advance Metals has restarted diamond drilling at its high-grade Myrtleford gold project in the Victorian goldfields, with the company's first hole testing below a previous 47.9 grams per tonne (g/t) gold intercept. The earlier maiden drilling hole hit 7.5 metres at 47.9g/t gold. The company will now test about 20m down plunge below it, as well as northwest along strike from another hole that intercepted 11.5m at 160.4g/t gold. Advance plans to put in at least six more diamond holes at its Happy Valley prospect in the hunt for plunge and strike extensions to the existing and often spectacular high-grade gold mineralisation. The new program follows Advance's very successful inaugural drilling earlier this year, which produced a swag of impressive gold hits from four holes at Happy Valley. Results included 8.2m at 22.4g/t gold, with 3.2m at 54.7g/t gold; 2.9m at 6.7g/t gold; 7.5m at 47.9g/t gold, including 1.3m at 271.6g/t gold and 1.1m at 18.2g/t gold. The Happy Valley phase of the new program will be followed immediately by the company's maiden drilling campaign at its Sheard's Reef and Queen of the Hills prospects, which will extend its drilling across a six-kilometre portion of the Happy Valley gold-mineralised trend. The company is still waiting on the final assays from four holes put in during a previous program at its Twist Creek target. It expects to receive the results shortly. In January, Advance entered a binding agreement with Serra Energy Metals to acquire an 80 per cent joint venture interest in the Myrtleford and Beaufort gold projects.
Sydney Morning Herald
15 hours ago
- Business
- Sydney Morning Herald
Advance drilling program aims to extend high-grade Victorian gold
Advance Metals has restarted diamond drilling at its high-grade Myrtleford gold project in the Victorian goldfields, with the company's first hole testing below a previous 47.9 grams per tonne (g/t) gold intercept. The earlier maiden drilling hole hit 7.5 metres at 47.9g/t gold. The company will now test about 20m down plunge below it, as well as northwest along strike from another hole that intercepted 11.5m at 160.4g/t gold. Advance plans to put in at least six more diamond holes at its Happy Valley prospect in the hunt for plunge and strike extensions to the existing and often spectacular high-grade gold mineralisation. The new program follows Advance's very successful inaugural drilling earlier this year, which produced a swag of impressive gold hits from four holes at Happy Valley. Results included 8.2m at 22.4g/t gold, with 3.2m at 54.7g/t gold; 2.9m at 6.7g/t gold; 7.5m at 47.9g/t gold, including 1.3m at 271.6g/t gold and 1.1m at 18.2g/t gold. The Happy Valley phase of the new program will be followed immediately by the company's maiden drilling campaign at its Sheard's Reef and Queen of the Hills prospects, which will extend its drilling across a six-kilometre portion of the Happy Valley gold-mineralised trend. The company is still waiting on the final assays from four holes put in during a previous program at its Twist Creek target. It expects to receive the results shortly. In January, Advance entered a binding agreement with Serra Energy Metals to acquire an 80 per cent joint venture interest in the Myrtleford and Beaufort gold projects.
Indian Express
4 days ago
- Business
- Indian Express
For the Indian economy, a season of mixed tidings
The fiscal health of the Centre and states is a key cog of the macro picture. This article analyses the Government of India's (GoI's) fiscal trends for FY2025 and what they augur for the current fiscal and the medium term. In absolute terms, the GoI's fiscal deficit in FY25 marginally exceeded its Revised Estimate (RE) of Rs 15.7 trillion by Rs 77 billion, as per provisional data from the CGA. This was led by a welcome overshooting in capex, with a back-ended surge seen in Q4. A less palatable miss on the receipts side was, however, largely offset by considerable savings of Rs 0.9 trillion in revenue expenditure in the fiscal. The provisional estimate of the nominal GDP for FY25 printed at around 2 per cent higher than the First Advance Estimate (FAE) for the fiscal that was used at the time of the Union budget. This meant that the fiscal deficit was contained at 4.8 per cent of GDP, in line with the target. Interestingly, the revenue deficit was curtailed at Rs 5.7 trillion lower than RE of Rs 6.1 trillion. As a proportion of GDP, this amounted to a 17-year low of 1.7 per cent vs 1.9 per cent included in the FY25 RE, a welcome development. The hits and misses under various heads in FY25 may have some bearing on the assessment of the FY26 targets. For instance, the Rs 0.6 trillion shortfall in gross tax revenues in the FY25 provisionals vis-à-vis the RE has pushed up the required growth rate for this head in FY26 to 12.5 per cent from an already optimistic 10.8 per cent earlier. However, there is an additional cushion on the receipts side of around Rs 0.4 trillion on account of the higher-than-budgeted RBI dividend transfer. Additionally, as per CGA data for April, miscellaneous capital receipts amounted to as much as 46 per cent of the FY26 BE of Rs 470 billion, as against nil in the year-ago month. This is an unusually high proportion to be recorded in the first month of the fiscal and gives us confidence that its target is unlikely to be missed. On the expenditure side, the required growth to meet the FY26 BE for revex is now higher than assumed in the budget; for capex, it is lower. For this year, both the composition and the timing of expenditure will be key. An early kick-off to spending will provide a buffer against the uncertainties wrought by the tariff issues. The upward revision in the FY25 nominal GDP number also augurs well for meeting the deficit- and debt-to-GDP targets for FY26. Despite a relatively lower projected nominal growth of 9 per cent in FY26 (ICRA's forecast) vis-à-vis the budgeted levels of 10.1 per cent, the fiscal deficit can be contained at 4.4 per cent in FY26, while accommodating a marginal fiscal slippage, given the larger base. The fiscal buffer in FY26 could be used to push up the capex, which has begun on a strong note, surging by as much as 61 per cent to Rs 1.6 trillion in April 2025, well above the average monthly required run-rate of Rs 0.9 trillion for the fiscal. Capex needs to grow by 0.9 per cent in the remaining 11 months to meet the FY2026 budget target. Given these buffers, the GoI could push up capex by at least Rs 0.8 trillion in FY2026 relative to the BE, which would take the headline figure to nearly Rs 12.0 trillion, implying a higher growth. Some major policy issues are looming on the horizon, which would affect the Centre's and states' finances, and their fiscal relations. First, the Sixteenth Finance Commission is due to submit its report later this year, and its recommendations will impact both central and state finances over the next five years. Will the recent conflict and need for geopolitical readiness lead to higher pre-emptive defence spending? If so, this may leave less money for other priorities. The Pay Commission award and its timing will affect the Centre's finances directly and some states may follow suit. Lastly, the GST compensation cess is shortly due to cease in its current avatar and how it is reimagined will impact Centre and state revenues. The writer is chief economist and head, Research & Outreach, ICRA
Yahoo
5 days ago
- General
- Yahoo
East London safe space for women and girls opens
A safe space for women and girls has opened in east London, acting as a "one-stop shop" for help and support. The Bloom Hub, for 13 - 25 year olds, is similar to a community centre, but is exclusively for women. It is run by charity Advance, which works with survivors of domestic abuse and women and girls who are in contact with the criminal justice system, and is funded by London's Violence Reduction Unit and the Ministry of Justice. Dali Kaur, director of services at Advance, believes the hub will help girls who - due to their culture - are not allowed in spaces with boys. The hub offers everything from counselling to coffee. There are private rooms and places to do homework after school, as well as the opportunity to grab a snack and a new outfit from a donated rail. Billie, 22, who is one of its visitors, was referred to Advance due to her struggles with anxiety. She said: "My mum and my dad were in a relationship that involved domestic violence, I guess from when I was born, to when I was 16, when they finally split up. That was my life. "I don't think you realise how much it affects you until you're older." The hub was named and designed by the women and girls Advance already works with and is staffed entirely by women. Ms Kaur said: "There has been a large number of cases where girls from different ethnic cultures will come and say that they're not allowed in spaces where boys are. "What they can only attend is a place which is run by women for women. "What individual young women and girls turn to the hub for will vary depending on how they're feeling and what is going on in their lives. "It might be just somewhere to hang out and chat with peers, or it could be that it's somewhere they feel safe to disclose any form of abuse." Lib Peck, director of London's Violence Reduction Unit, said: "Listening to young people is and has to be at the very heart of our approach to tackling violence against women and girls. "The hub is a new dedicated space in east London that has been developed by young people through our mentoring programme with Advance. "It provides girls and young women with a space where they feel safe, supported, and somewhere they can build friendships. "It meets them where they want to be and crucially provides access to trusted mentors who we know can provide life-changing support when young people need it most." Advance had more than 1,000 referrals into its young women and girls services between October 2024 and February 2025. Of those, 33% of girls were victims of a sexual offence, 32% were victims of a violent crime and 20% were victims of stalking and harassment. Jasmine, 20, was abused at home for years but said she felt immediately at ease at Bloom Hub. "They make you forget what you're feeling," she said. "You're probably upset and then you come here and you feel more happy with yourself. They understand you and they know what you're going through." The centre is open five days a week and after someone has been referred once they can drop in anytime. Future plans for the hub include onsite homework tutors and nearby childcare provision for young women who are parents struggling to access support due to the lack of childcare. Watch the full Politics London programme on BBC iPlayer. Listen to the best of BBC Radio London on Sounds and follow BBC London on Facebook, X and Instagram. Send your story ideas to Violence against women and girls rises in London Violence against women and girls 'endemic' London's Violence Reduction Unit
BBC News
6 days ago
- General
- BBC News
Safe space for women and girls opens in east London
A safe space for women and girls has opened in east London, acting as a "one-stop shop" for help and support. The Bloom Hub, for 13 - 25 year olds, is similar to a community centre, but is exclusively for women. It is run by charity Advance, which works with survivors of domestic abuse and women and girls who are in contact with the criminal justice system, and is funded by London's Violence Reduction Unit and the Ministry of Kaur, director of services at Advance, believes the hub will help girls who - due to their culture - are not allowed in spaces with boys. The hub offers everything from counselling to coffee. There are private rooms and places to do homework after school, as well as the opportunity to grab a snack and a new outfit from a donated rail. Billie, 22, who is one of its visitors, was referred to Advance due to her struggles with said: "My mum and my dad were in a relationship that involved domestic violence, I guess from when I was born, to when I was 16, when they finally split up. That was my life."I don't think you realise how much it affects you until you're older." The hub was named and designed by the women and girls Advance already works with and is staffed entirely by women. Ms Kaur said: "There has been a large number of cases where girls from different ethnic cultures will come and say that they're not allowed in spaces where boys are."What they can only attend is a place which is run by women for women."What individual young women and girls turn to the hub for will vary depending on how they're feeling and what is going on in their lives."It might be just somewhere to hang out and chat with peers, or it could be that it's somewhere they feel safe to disclose any form of abuse." 'Trusted mentors' Lib Peck, director of London's Violence Reduction Unit, said: "Listening to young people is and has to be at the very heart of our approach to tackling violence against women and girls."The hub is a new dedicated space in east London that has been developed by young people through our mentoring programme with Advance."It provides girls and young women with a space where they feel safe, supported, and somewhere they can build friendships. "It meets them where they want to be and crucially provides access to trusted mentors who we know can provide life-changing support when young people need it most." 'You feel more happy' Advance had more than 1,000 referrals into its young women and girls services between October 2024 and February 2025. Of those, 33% of girls were victims of a sexual offence, 32% were victims of a violent crime and 20% were victims of stalking and harassment. Jasmine, 20, was abused at home for years but said she felt immediately at ease at Bloom Hub."They make you forget what you're feeling," she said. "You're probably upset and then you come here and you feel more happy with yourself. They understand you and they know what you're going through."The centre is open five days a week and after someone has been referred once they can drop in plans for the hub include onsite homework tutors and nearby childcare provision for young women who are parents struggling to access support due to the lack of childcare. Watch the full Politics London programme on BBC iPlayer.
