Australian base metals mining and exploration company Perilya Limited (ASX:PEM) has entered into a binding pre-bid agreement with GlobeStar Mining Corporation (TSE:GMI) to acquire all of the issued and outstanding shares of GlobeStar by way of a friendly take-over bid.
Australian Market Report of September 30, 2010 includes; Azure Minerals Limited (ASX:AZS) has commenced an extensive exploration program in Mexico; Intrepid Mines Limited (ASX:IAU) (TSX:IAU) reported an initial Inferred Resource of 500 million tonnes at 0.4% copper and 0.5 g/t gold in Indonesia; White Cliff Nickel Limited (ASX:WCN) has identified additional zones of copper rich mineralisation; Avanco Resources Limited (ASX:AVB) has received an initial US$100,000 payment from Vale S.A. (NYSE:VALE) in relation to Trindade North acquisition.
Mexican focused minerals explorer, Azure Minerals Limited (ASX:AZS), is pleased to announce that a significant program of exploration and development activity has commenced and will continue over the next six months. This work includes drilling on at least four projects, geophysical surveys on three projects, and ongoing target identification.
Kingsrose Mining Limited (ASX:KRM) lodged its Annual Report for the year ended 30 June 2010 with the ASX.
Kingsrose Mining Limited (ASX:KRM) is pleased to announce that it has reached agreement with Harmony Gold Mining Co Limited's (NYSE:HMY) fully owned subsidiary, Aurora Gold Limited ("AGL"), to relinquish and terminate AGL's right to receive under a 1995 Royalty Agreement a 1.85% net smelter return royalty (capped at US$3.5m) on gold and silver production from KRM's 85% owned Way Linggo Gold Project in Sumatra, Indonesia.
Australian Market Report of September 22, 2010 includes; Zamia Metals Limited (ASX:ZGM) has significantly increased its resource estimate to 130 Mt at the Anthony Molybdenum Project, Prosperity Resources Limited (ASX:PSP) (PINK:PPRLF) have identified six new anomalous gold copper targets, Robust Resources Limited (ASX:ROL) reported significant progress on the delineation of the Batu Mas and Batu Hitam discoveries and Ferrowest Limited (ASX:FWL) has provided an update on its Investment and Off-take Discussions.
Following the first gold pour at Exco Resources Limited's (ASX:EXS) (PINK:EXRSF) 75%-owned White Dam Gold Project in April 2010, the operation has continued to perform extremely well.
