Baobab Resources plc (LON:BAO) is an iron ore, base and precious metals explorer with a portfolio of exploration projects in Mozambique. The Company is pleased to present a resource update at the Massamba Group of its Tete iron / vanadium / titanium project.
Asian Activities Report for August 30, 2011 includes: Northern Manganese Limited (ASX:NTM) has engaged CSIRO to work on a program to assess the impacts of seafloor exploration and mining; Voyager Resources Limited (ASX:VOR) announced further results from its Cughur Discovery at the KM Copper Porphyry Project in southern Mongolia; Aphrodite Gold Limited (ASX:AQQ) has received the remaining gold assay results from the Chameleon Gold Prospect; Brockman Resources Limited (ASX:BRM) has identified a significant new deposit of hematite mineralisation at the Sirius prospect; Monax Mining Limited (ASX:MOX) has completed a heritage clearance over six key drill sites at its Punt Hill copper-gold project in South Australia.
On 27 June 2011, Atlas Iron Limited (ASX:AGO) announced its intention to make a Takeover Offer for FerrAus Limited (ASX:FRS) (PINK:FRRAF). The Takeover Offer is set to open on Monday, 5 September 2011.
FerrAus Limited (ASX:FRS) (PINK:FRRAF) is pleased to advise that at a General Meeting of the company held earlier today, shareholder approval was obtained for: (a) the issue by FerrAus to Atlas Iron Limited (ASX:AGO) of approximately 37.4 million FerrAus ordinary shares at an issue price of A$0.65 per share to raise A$24.3 million, pursuant to a subscription agreement (Subscription); and (b) the purchase of South East Pilbara iron ore assets by FerrAus from Atlas in consideration for approximately 121.8 million FerrAus ordinary shares at a deemed issue price of A$0.65 per share, pursuant to an asset sale agreement (Iron Ore Assets Acquisition).
Asian Activities Report for August 29, 2011 includes: Beadell Resources Limited (ASX:BDR) announced a maiden JORC iron ore resource of 209.1 million tonnes at 36.1% Fe from the Tap Norte Banded Iron Formation in Brazil; Chinalco Yunnan Copper Resources Limited (ASX:CYU) and Goldsearch Limited (ASX:GSE) have commenced a drilling program totalling 6,050m at Elaine Copper-REE-Cobalt-Gold Zone in Queensland; Alacer Gold Corp (ASX:AQG) announced that its 95% owned Çöpler Gold Mine in Turkey has produced 100,000 ounce of gold on August 24, 2011; Australian base metals explorer Ventnor Resources (ASX:VRX) confirmed significant and continuous copper mineralisation from the second phase of drilling at the Thaduna/Green Dragon copper project in Western Australia.
Equatorial Resources Limited (ASX:EQX) is pleased to advise that it has settled the acquisition of 19.9% of African Iron Limited (ASX:AKI) through the purchase of 95.4 million ordinary shares in African Iron.
Asian Activities Report for August 26, 2011 includes: Winmar Resources Limited (ASX:WFE) announced excellent results from the Winmar Deposit at the Hamersley Iron Ore Project in Western Australia; Newland Resources Limited (ASX:NRL) has commenced a drilling program on the Comet Ridge coal project in Central Queensland; King Solomon Mines Limited (ASX:KSO) has resumed drilling at Mud-house gold prospect within the Sonid North gold project; Fox Resources Limited (ASX:FXR) today announced the preliminary economic results of its Revised Scoping Study on the 100%-owned Radio Hill and Sholl Heap Leaching Projects in Western Australia; Suzlon Energy Limited (BOM:532667) announced a contract signed between REpower Systems SE and Wind Works Power Corp.(OTC:WWPW).
