Sinosteel Midwest Corporation's decision to suspend development of its A$2B Weld Range project is understandable given the uncertainty around the Oakajee Port and Rail Development, Padbury Mining Ltd (ASX:PDY) ("The Company") Managing Director Gary Stokes said today.
Magnetic Resources Nl (ASX:MAU) is very encouraged by the quality of new Davis Tube test results from Mt Vernon, specifically the low SiO2, Al2O3 and P contents. The testwork of fresh rock samples from drillhole MVRC12 have generated concentrates averaging 67.5%Fe, 1.6%SiO2, 0.77%Al2O3 and 0.02%P. The gangue content, with the majority of sulphides, was removed from the primary feed by the Davis Tube.
Iron Road Limited (ASX:IRD) is pleased to invite interested parties to participate in a conference call to discuss the recently completed Central Eyre Iron Project prefeasibility study and subsequent capital raising to advance the project towards production.
Asian Activities Report for June 22, 2011 includes: Drake Resources Limited (ASX:DRK) reported extensive gold mineralisation in Mauritania; Centaurus Metals Limited (ASX:CTM) upgraded the JORC resource estimate for its 100% owned Jambreiro Iron Ore Project in Brazil; Universal Coal plc (ASX:UNV) has completed the first phase of resource drilling at the Berenice-Cygnus Coking Coal Project in South Africa; Silver Lake Resources Limited (ASX:SLR) is progressing its ongoing exploration at its Mount Monger gold operations in Western Australia.
Iron Road Limited (ASX:IRD) has successfully raised A$21.6 million to further advance the Central Eyre Iron Project following the recently completed positive prefeasibility study.
Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) advises that the Commonwealth Department of Sustainability, Environment, Water, Population and Communities has granted approval under the Environment Protection and Biodiversity Conservation Act for Oakajee Port & Rail's proposed rail development.
Iron Road Limited (ASX:IRD) is pleased to advise that Stage VI drilling at the Central Eyre Iron Project is proceeding as planned.
