Australian Market Report of September 15, 2010: Modena Resources Limited (ASX:MDA) Identifies Second Production Target
Blaze International Limited (ASX:BLZ) has expanded its strategic footprint around BHP Billiton's (ASX:BHP) (NYSE:BBL) (PINK:BHPBF) giant Yeelirrie Uranium Deposit. Blaze has applied for four additional Exploration Licences covering over 780 square kilometres on the northwest side of BHP's Yeelirrie uranium deposit. These applications further consolidate Blaze's strategic tenement holding in its Yeelirrie Valley Uranium Project, surrounding BHP Billiton on all sides. Blaze now holds 7 granted Exploration Licences and 4 pending Exploration Licences totalling 1,600 square kilometres.
Pike River Coal Limited (NZE:PRC) (PINK:PKRRF) has announced the appointment of Peter Whittall as Chief Executive Officer of the company, effective 2 October 2010. Mr Whittall has held the position of General Manager-Mines since he joined Pike River at the company's Greymouth mine site in 2005. During that time he has been responsible for on-site construction, mine development, recruitment of the new operations workforce and has been closely involved with the company's recent capital raisings.
Vital Metals (ASX:VML) has identified new gold targets at its Doulnia Gold Project, through a high resolution aeromagnetic survey. In August, Vital Metals engaged Fugro Airborne Services to interpret the recently completed high resolution aeromagnetic and radiometric survey of its Doulnia gold project in Burkina Faso, West Africa. Fugro's interpretation provided a detailed summary for the project, several new highly prospective target areas for drill testing in November and an increase in the belief of the gold potential in the Doulnia project area.
Vital Metals Limited
Pike River Coal Limited
Modena Resources Limited
Blaze International Limited
BHP Billiton Limited