As previously communicated, FerrAus Limited (ASX:FRS) (PINK:FRRAF) received an unsolicited takeover offer from a wholly owned subsidiary of its major shareholder Wah Nam International Holdings Limited (HKG:0159) on 10 November 2010.
Australian Market Report of November 22, 2010 includes: Globe Metals and Mining Limited (ASX:GBE) confirmed significant Heavy Rare Earth discovery in Malawi; Empire Resources Limited (ASX:ERL) discovered nickel-copper-platinoid outcrops in Western Australia; South Boulder Mines Ltd (ASX:STB) has intersected further highly encouraging massive Ni-Cu-PGE sulphides in Western Australia; Energia Minerals Limited (ASX:EMX) has successfully completed aircore drilling within the Nyang and Onslow Uranium Projects in Western Australia.
FerrAus Limited (ASX:FRS) (PINK:FRRAF) today announced its maiden iron ore reserve estimate of 126 million tonnes at 57.3 per cent Fe for the FerrAus Pilbara Project in Western Australia.
FerrAus Limited (ASX:FRS) (PINK:FRRAF) today released the results of the Pre Feasibility Study (PFS) of the FerrAus Pilbara Project in Western Australia and approved the commencement of a Definitive Feasibility Study (DFS).
Australian Market Report of November 11, 2010 includes: Southern Hemisphere Mining Limited (ASX:SUH) reported positive sampling results from its copper and copper-gold projects in Chile; Ishine International Resources Limited (ASX:ISH) has commenced 1,300 metre Reverse Circulation drilling at the Mt Watson Copper Project in Queensland; NT Resources Limited (ASX:NTR) received high grade gold results from the Acacia Project in Northern Territory; Platina Resources Limited (ASX:PGM) announced Australia's best ever scandium intersection at Owendale Project in NSW.
FerrAus Limited (ASX:FRS) (PINK:FRRAF) advises that it has received an unsolicited, conditional proposal from a wholly owned subsidiary of Wah Nam International Holdings Limited (HKG:0159) to acquire all of the ordinary shares of FerrAus not currently held by Wah Nam, by way of an off market takeover offer.
A second phase of drilling has commenced at Metallica Minerals's (ASX:MLM) wholly owned Greenvale nickel-cobalt mine site approximately 170km NW of Townsville in northern Queensland. The drilling is aimed at identifying additional Nickel-Cobalt resources outside the current resource boundaries. To date 175 RC and Aircore holes have been drilled at Greenvale for 4,000m of which assay results have been received for the first 100 holes (GVM418 to 517).
