ABN Newswire Stocks to Watch: January 29, 2010
Focus Minerals Limited (ASX:FML) has released its quarterly activities report for the period ended 31 December 2009. Revenue for the Quarter was A$14.95 million generated from the sale of 13,024 ounces of gold at an average price received of A$1,147.46/oz. Production of its Coolgardie Gold Project during the December Quarter was 86,418 tonnes at 3.84 g/t. During October 2009 Focus completed an A$8m capital raising via a share placement to institutional investors.
Texon Petroleum Limited (ASX:TXN) said on Thursday it plans to commence drilling the first Mosman-Rockingham ("MR #1") well in late February. MR #1 lies some 8 kilometres (5 miles) south of the Leighton Field and will be drilled to a depth of 3,414m (11,200ft) to test the Olmos and Eagle Ford reservoirs, both of which are oil and gas productive in nearby wells.
Dynasty Metals Australia Limited's (ASX:DMA) Stage 2 Reverse Circulation (RC) drill holes, MMRC016 to MMRC029 were designed to get a better understanding of the mineralisation in Marra Mamba. The results confirm that the intercepts of Marra Mamba Iron Formation to date have been iron-rich with calcined in-situ grades ranging from 55% Fe to 65% Fe, and showing low concentrations of phosphorous, typically 0.04% to 0.07% P.
Mission NewEnergy Limited (ASX:MBT) (PINK:MIBFF) said the German Federal Agency for Agriculture and Food "BLV" has approved the International Sustainability and Carbon Certification system "ISCC" as the first recognized voluntary biofuels standard to comply with the requirements of the German BioNachV legislation. This legislation stipulates rigorous sustainability and carbon savings requirements for liquid biofuels used in Germany for road transport and electric power generation.
Texon Petroleum Ltd
Otto Energy Limited
Mission NewEnergy Limited
Focus Minerals Ltd
Dynasty Resources Limited