Rumble Resources Ltd (ASX:RTR) is pleased to announce the results of a recently flown airborne magnetic survey conducted over the southeast portion of the Lamil Project, located in between the major mining operations of the Nifty Cu mine and the large Telfer Au-Cu mine within the Paterson Province, East Pilbara, Western Australia.
Metals X Limited
Metals X Limited (ASX:MLX) (OTCMKTS:MTXXY) is a Diversified Resource Company. Australia's largest tin and one of Australia's top 10 gold producers. Considerable cashflow is generated from its two operating gold mines at South Kalgoorlie and Higginsville in WA and from its 50% owned high grade tin mine in Tasmania which is also one of the largest hard rock tin mines in the world. The company boasts resources of over 14 Moz of gold, 140,000 tonnes of contained tin and over 2 million tonnes of contained nickel. The company also has a considerable portfolio of growth assets, including one production ready and one development ready gold project and one of the world's largest undeveloped nickel and cobalt projects.
The Central Murchison Gold Project consists of a fully refurbished 2.0Mtpa gold plant and resource containing over 8.6 Mozs of gold in a combination of high grade underground mines and lower grade open pits, expected to be in production in early 2015. The Company's Rover 1 iron-oxide-copper-gold discovery contains 1.2Moz of gold equivalence which is targeted for production in 2016.
The 100% owned world class Wingellina Nickel and Cobalt Project hosts a global resource of over 180Mt at 1% nickel that includes 167Mt as a probable reserve. Metals X has joined with one of the World's largest companies, Samsung C and T, to work together to finance and develop the Wingellina project.
Argent Minerals Limited (ASX:ARD) is pleased to report strategic acquisitions in the highly productive Mount Read Volcanics belt of Western Tasmania.
In this issue: World steel output is showing strong growth again and equity markets break through resistance to reach new rally or all time highs. Non-OECD growth and robust US housing stats are good for the Resources Sector. Read this latest Dawes Points to better understand the global forces that drive resources sector investment.
ABM Resources NL (ASX:ABU) is pleased to provide an update on recent drilling in the Du Faur Project area, part of the Company's Lake Mackay alliance with Independence Group NL ("IGO") (ASX:IGO).
The technical evidence is mounting for a significant change in market sentiment for gold and the gold sector in North America and in Australia. The evidence may still be tentative but important changes seem to be underway in a number of markets.
Metals X Limited (ASX:MLX) (OTCMKTS:MTXXY) continued to consolidate its position as a gold producer with the end of the quarter marking the first year anniversary as a gold producer from its gold division strategy. Production guidance on acquisition was for a first full year of 150,000 per ounce at total costs of A$1,000 per ounce.
As proposed in resolution 4 of the Metals X Limited's (ASX:MLX) (OTCMKTS:MTXXY) forthcoming Annual General Meeting, to be held on 26 November 2014, the Company wishes to advise security holders of the details and proposed timetable in relation to the consolidation of capital.
Metals X Limited (ASX:MLX) (OTCMKTS:MTXXY) advises that the FY2014 Dividend timetable announced on 17 October 2014 has been amended to comply with the timetable set for the proposed capital consolidation and the ASX Listing Rules.
As a diversified miner, Metals X Limited (ASX:MLX) (OTCMKTS:MTXXY) has exposure to a number of commodities and revenue streams. The corporate structure with which we operate is somewhat divisional by commodity and corporate entity. The key areas being our tin, nickel and gold divisions. Most of our development projects sit within these structures
Metals X Limited (ASX:MLX) (OTCMKTS:MTXXY) announced on 10 October 2014 that it has declared an final dividend of 0.6785 cents per share for the financial year ending 30 June 2014 and the introduction of a Dividend Reinvestment Plan (DRP). The dividend will be 100% franked.