The Australian Financial Review newspaper today reports that Sundance Resources Limited's (ASX:SDL) (PINK:SUDCF) majority shareholder Hanlong Mining is "...exploring a number of potential deals with Sundance, including a full takeover, and that it is keeping all options open as it moves through due diligence."
Venus Metals Corporation Limited (ASX:VMC) are pleased to announce the purchase of a containerised, modular diamond processing plant for its alluvial diamond project located at Smoke Creek, downstream of the nearby Argyle Diamond Mine in the Kimberley region of Western Australia.
Pluton Resources Limited (ASX:PLV) wish to advise that the company has completed processing of all data required for the pre feasibility study. The economic model is now being finalized prior to sign-off by all competent persons.
As announced previously Magnetic Resources Nl (ASX:MAU) is conducting a detailed gravity survey over its Jubuk magnetite project. The gravity survey is expected to provide greater definition of target zones and to allow prioritisation of target areas for drilling. Preliminary gravity results show numerous strong responses and indicate that the magnetite zone could extend about 600m south of the drilled area, where the magnetic data indicates a narrowing and weakening response.
Asian Activities Report for May 25, 2011 includes: Northern Iron Limited (ASX:NFE) announced a 42% increase in probable ore reserves at Sydvaranger project in Norway; CGA Mining Limited (TSE:CGA) (ASX:CGX) said today that its Masbate Gold Project has poured 10 tonnes of gold; St Barbara Limited (ASX:SBM) has commenced gold production from King of the Hills underground mine in Western Australia; C @ Limited (ASX:CEO) has identified five prospective coking and high energy thermal coal project opportunities in Indonesia.
Asian Activities Report for May 24, 2011 includes: Mincor Resources NL (ASX:MCR) announced a A$30 million joint venture deal covering a suite of high potential gold and copper exploration projects in Papua New Guinea; Tanami Gold NL (ASX:TAM) reported further outstanding results from Central Tanami Project in the Northern Territory; Otis Energy Limited (ASX:FUT) acquired interests in the Avalanche oil and gas project in USA; Midwinter Resources (ASX:MWN) achieved high recoveries and concentrate grades from its Northern Lights Project in South Africa.
Padbury Mining Limited (ASX:PDY) and its joint venture partner Aurium Resources (ASX:AGU) have appointed contract geologists CSA Global to undertake a concept study on the Company's highly prospective Peak Hill Iron Joint Venture in Western Australia's Mid West region.
