Venus Metals Corporation Limited (ASX:VMC) ("Venus") report the results of the Scoping Study on the Yalgoo Iron Ore Project (as completed by Mineral Engineering Technical Services Pty Ltd. Their financial model indicates a potential net present value of A$1.14billion with internal rate of return of 24.4% based on a 30 Mtpa mine.
FerrAus Limited (ASX:FRS) (PINK:FRRAF) update on its A$35 million Placement Settlement with Wah Nam International Australia Pty Ltd, a wholly owned subsidiary of Wah Nam International Holdings Limited (HKG:0159).
Australian Market Report of February 15, 2011 includes: Petsec Energy Limited (ASX:PSA) announced final investment approval for oil field project in China; Hazelwood Resources Limited (ASX:HAZ) said that the largest ferrotungsten plant outside of China is nearing completion; TNG Limited (ASX:TNG) will evaluate the potential for producing ferro-vanadium at its Mount Peake Iron-Vanadium Project in the Northern Territory; Catalpa Resources Limited (ASX:CAH) extended high grade gold zones in Western Australia.
Meteoric Resources NL (ASX:MEI) is encouraged by recent iron ore exploration activity in the South Yilgarn iron ore province, in particular by the potential of some of these activities to positively impact Meteoric's Coorara iron project. Activities include Macarthur Minerals' (CVE:MMS) (PINK:MMSDF) recent announcement of positive scoping study results on its Lake Giles iron ore project.
Australian Market Report of February 11, 2011 includes: Jervois Mining Limited (ASX:JRV) has received an independent laboratory test work report demonstrating the Nyngan resource's potential of large scale production of scandium-aluminum alloys; Brighton Mining Group Limited (ASX:BTN) announce further soil sample results from Antrong Gold Project; Iron Ore Holdings Limited (ASX:IOH) is to conduct a concept study for the Bungaroo South Project; MetroCoal Limited (ASX:MTE) has commenced drilling at Bundi Coal Project in south east Queensland.
Baobab Resources plc (LON:BAO), the iron ore, base and precious metals explorer with a portfolio of mineral projects in Mozambique, is pleased to announce that two reverse circulation drill rigs have mobilised to South Zone over the weekend and are currently drilling in Blocks 1 and 7.
Australian Market Report of February 9, 2011 includes: SomnoMed Limited (ASX:SOM) announced that oral appliance treatment is now reimbursable for Medicare patients in the US; Padbury Mining Limited (ASX:PDY) discovered high-grade haematite mineralisation in Western Australia; Highlands Pacific Limited (ASX:HIG) today reports a 79% increase in resource tonnage at its Frieda Horse Ivaal Trukai project in Papua New Guinea; Zenith Minerals Limited (ASX:ZNC) announced results from Mount Alexander Magnetite Iron Project.
