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 it has drawn down GBP420,000 of its GBP5,000,000 million Equity Line Facility ("ELF") with Dutchess Opportunity Cayman Fund, Ltd ("Dutchess"), announced on 25 October 2010. The funds will be used to assist with the development of the Company's flagship project at Tete.
Iron Road Limited (ASX:IRD) (PINK:IRNRF) is pleased to advise that Stage V drilling at the Central Eyre Iron Project (CEIP) continues to proceed to plan.
Australian Market Report of December 6, 2010 includes: South Boulder Mines Limited (ASX:STB) reports further assay results at the Rosie Ni-Cu-PGE Prospect in Western Australia; Berkeley Resources Limited (ASX:BKY) announced final results from the reverse circulation drilling program at Salamanca Uranium Project in Spain; Raisama Limited (ASX:RAI) announces high grade uranium intersections in the Kyrgyz Republic; Bassari Resources Limited (ASX:BSR) announces further diamond drilling results from West Africa.
John Gingerich, P. Geo is a professional geophysicist (APGO) with over 30 years experience in exploration and mining industry technology. As a past Director of Research, Technical Innovation and Exploration within the Noranda group, John was part of the senior management team and involved in the evaluation, acquisition, and development of mineral opportunities with Canada and around the world.
Mr. Kearney has 37 years experience in the mining industry. He is currently the Chairman of Canadian Zinc Corporation, Xtierra Inc., Conquest Resources Limited, Minco plc and Anglesey Mining plc. In addition, Mr. Kearney is currently a director of Avnel Gold Mining Limited, Blackwater Capital Corp. and Sulliden Exploration Inc. He also currently serves as a director of the Mining Association of Canada.
Australian Market Report of December 3, 2010 includes: Winchester Resources (ASX:WCR) to acquire high grade Indonesian manganese project; Chesser Resources Limited (ASX:CHZ) has received further positive gold assay results from in northwest Turkey; Terrain Minerals Limited (ASX:TMX) is to sell the Coogee Gold Deposit for A$1.17m to New Global Mining Limited;
Australian Market Report of December 2, 2010 includes: Matsa Resources Limited (ASX:MAT) has received a Letter of Intent from China Kinwa High Technology Co. Limited (SHA:600110) to form a Joint Venture for the development of Norseman Gold Project in Western Australia; Dragon Mining Limited (ASX:DRA) updated the Mineral Resource for the Kaapelinkulma Gold Project in Finland; UraniumSA Limited (ASX:USA) reported an resource estimate increase at the Mullaquana Uranium Project in South Australia; Cloncurry Metals Limited (ASX:CLU) reported more high grade silver-copper results from Vanuatu.
