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Australian Solomons Gold Limited

Australian Solomons Gold Limited (ASG) is an Australian-based company involved in the exploration and development of a gold deposit at Gold Ridge in the Solomon Islands. The Gold Ridge project is ASG's only project as of September 25, 2008, and is not yet generating revenue. As part of the initial programme of work, the Company carried out a drilling programme covering all four known pits. Following the completion of the metallurgical drilling programme, two exploration holes were drilled to test an area (Charivunga Gorge) between two of the known pits (an area between Valehaichichi and Kupers). During the fiscal year ended June 30, 2008, that the Gold Ridge Mine was operating, the total gold production amounted to 210,000 ounces. The Company’s subsidiaries include Solomon Islands Gold Limited, JV Mine (Australia) Pty Ltd, Solomon Islands International Pty Ltd, ASG Solomon Islands Ltd and Gold Ridge Mining Limited.

  

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Australian Market Report of November 17: More Confirmation on Recovery

🕔11/17/2009 1:00:00 PM 12138

Overnight US stocks finished in a fresh 13-month high as energy and material sectors are boosted after the better-than-expected Japanese economy growth. The market was also inspired as Federal Reserve Chairman Ben Bernanke's said that interest rates would stay low. The US government data showed that retail sales rose 1.4 per cent in October, also exceeding market expectations.

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Australian Market Report of September 17: Wall Street Set a Good Tone

🕔9/17/2009 1:00:07 PM 15354

Overnight Wall Street posed a solid gain as an upbeat sentiment that the worst is over increased investors' appetite for riskier assets. The shares were lifted by a round of buying in financial shares and a jump in US industrial production data.

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