ABN Newswire Stocks to Watch: February 18, 2010
Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) said construction at its Mt Cattlin project has progressed rapidly with foundations and concrete works underway at the onsite processing facility. The Company's project application for China based Jiangsu Lithium Carbonate Plant in Jiangsu Province has been approved and the Business License was issued by the Zhangjiagang Free Trade Zone authorities allowing further preparatory works to be conducted.
NewSat Limited (ASX:NWT) (OTC:NWTLY), Australia's largest independent satellite communications company, said it is well placed to leverage off its infrastructure, with our teleports having a footprint of 75% of the worlds' surface to continue to grow the business in this robust global market.
AusTex Oil Limited (ASX:AOK) (PINK:ATXDF) advises that drilling of the Mayo Moore #7 Well commenced Tuesday 16 February 2010 (CDT). Surface casing has been set at 315 feet with cement circulated to the surface successfully. TD of 1100 feet is expected to be reached on Wednesday afternoon (CDT).
Magnetic Resources Nl
Galaxy Resources Limited
AusTex Oil Limited