Atlas Iron Limited (ASX:AGO) is pleased to announce a 50% increase in DSO Reserves, to 79.3Mt at 57.8% Fe, for its North Pilbara Projects. The increase is inclusive of depletion from mining in the past 12 months.
Magnetic Resources Nl (ASX:MAU) is about to commence crushing and screening test work on surface rock samples with the aim of assessing the potential for direct shipping ore-grade material within the Wubin project area north east of Perth. This test work will be followed by ground gravity surveys targeting zones of reduced magnetic response on interpreted banded iron formation horizons which may reflect the presence of hematite-goethite alteration.
Asian Activities Report for August 17, 2011 includes: SMS Management & Technology Limited (ASX:SMX) recorded a strong growth in the 2010-2011 financial year; Orpheus Energy Limited (ASX:OEG) updated on its B26 coal joint venture project in Indonesia; Boral Limited (ASX:BLD) is to acquire Lafarge's 50% interest in Lafarge Boral Gypsum Asia; Nemex Resources Limited (ASX:NXR) announced the results of 17 ironstone samples from its Coastal Project in western Guinea.
As reported in the June Quarterly Report, Dragon Energy Limited (ASX:DLE) made an in principle decision to pursue rapid development of its Pilbara Iron Project. To progress this initiative, Dragon is pleased to announce the appointment of GHD Pty Ltd as lead consultant for the scoping study of the Project. This study is expected to be completed in late September and will examine Dragon's options for developing the Project.
Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) advises that the Environmental Protection Authority of Western Australia ("EPA") has recommended approval of the proposed Jack Hills Expansion Project ("JHEP") at the Jack Hills iron ore mine in the State's mid-west region.
Venus Metals Corporation Limited (ASX:VMC) are pleased to advise a New Gold discovery at Bassit Bore Prospect, (E09-1676) (3.13 km2) Mt Phillips ("Tenement"). The Company has signed an agreement with a prospector for an option to purchase the Tenement for a total consideration of A$155,000 (inclusive of the option fee) payable in 3 instalments over a two year period. A A$25,000 non-refundable option fee has been paid and the option is exercisable at any time up to 10th February 2012.
Iron Road Limited (ASX:IRD) is pleased to advise that Stage VI drilling at the Central Eyre Iron Project (CEIP) continues to proceed to plan.
