Murchison Metals Limited

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce that Crosslands Resources Ltd has reported significant drill intersections of massive hematite from exploration drilling at the Brindal prospect.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce that Oakajee Port & Rail ("OPR") has completed and delivered to the Western Australian Government a draft Bankable Feasibility Study (BFS) for the mid-west Oakajee port and rail infrastructure project (the Oakajee Project).

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce that Oakajee Port & Rail (OPR) is now targeting initial capacity of 45 million tonnes per annum (mtpa) at the new Oakajee Port.

ABN Newswire stocks to watch today include: iSOFT Group Limited (ASX:ISF), Murchison Metals Limited (ASX:MMX) (PINK:MUMTF), Gold producer Focus Minerals Limited (ASX:FML) and Anglo Australian Resources NL (ASX:AAR)(PINK:AAURF).

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce that Oakajee Port & Rail (OPR) has received tonnage nominations for the new Oakajee Port in excess of the initial stage 1 capacity of 35 million tonnes per annum.

The Australian sharemarket eased some early gains and closed slightly higher on Friday. This was the first weekly gain in five weeks while the global markets had been shadowed by China's monetary tightening, worries on US economic recovery stability and sovereign debt issue in Euro zone.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to report the results of a scoping study for its 100% owned Rocklea Iron Ore Project, located about 30km from the town of Tom Price in Western Australia's Pilbara Region.

ABN Newswire stocks to watch today include: Carpentaria Exploration Limited (ASX:CAP), Marion Energy Limited (ASX:MAE) (PINK:MAEJF), Murchison Metals Limited (ASX:MMX) (PINK:MUMTF), Bandanna Energy Limited (ASX:BND), Focus Minerals Limited (ASX:FML) and Metallica Minerals Ltd (ASX:MLM).

As at 31 December 2009 Murchison was debt free and had cash and liquid investments of A$102.4 million, a decrease of A$5.7 million from the previous quarter. Included in this cash outflow are amounts paid to Crosslands and OPR of A$18.5 million to finance feasibility studies and exploration costs.

ABN Newswire stocks to watch today include: Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), Murchison Metals Limited (ASX:MMX) (PINK:MUMTF), Otto Energy Limited (ASX:OEL) (PINK:OTTEF), Mission NewEnergy Limited (ASX:MBT), and Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF).