Archer Exploration Limited (ASX:AXE) is pleased to announce that drilling commenced on 16th March 2011 on a number of promising deposits and prospects near Cleve and Darke Peak on Eyre Peninsula, South Australia. Drilling is expected to take up to four weeks to complete.
Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) reported an after tax profit from continuing operations of A$3.3 million for the half year ended 31 December 2010.
Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to advise that operations have resumed at the Jack Hills Stage 1 iron ore project in Western Australia, following their temporary suspension on 22 February 2011 due to regional flooding and road closures.
Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to advise it has formally executed its agreement with Resource Capital Fund V L.P. for the US$100 million Bridge Finance Facility that was announced to the ASX on 19 November 2010.
Australian Market Report of March 15, 2011 includes: Kangaroo Resources Limited (ASX:KRL) is on track to complete the acquisition of the Pakar Thermal Coal Project in Indonesia by June 2011; General Mining Corporation Limited (ASX:GMM) raised A$1.2m to advance projects in Mongolia and Western Australia; Hot Rock Limited (ASX:HRL) successfully completed the first geophysical survey at its Longavi Geothermal Project in Chile; Rex Minerals Limited (ASX:RXM) reported multiple shallow high grade intersections at Hillside Copper Project in South Australia.
Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to advise that the Environmental Protection Authority of Western Australia has recommended approval of the proposed Oakajee Port & Rail terrestrial iron ore port development and associated rail infrastructure in the State's mid-west region.
Australian Market Report of March 14, 2011 includes: Brazilian Metals Group Limited (ASX:BMG) provided a further update on the drilling program at its Rio Pardo Iron Project in Brazil; Lodestone Energy Limited (ASX:LOD) is to acquire coal assets in Queensland; Zamia Metals Limited (ASX:ZGM) continues expansion drilling at Anthony molybdenum resource in central Queensland; Coalworks Limited's (ASX:CWK) wholly owned subsidiary Orpheus Energy Group Pty Ltd signed a further joint venture agreement for Kintap Coal Project in Indonesia.
