Queensland's potential to host one of the newest and most advanced tri-metal mining and processing operations in Australia has moved a key step forward with a just completed scoping study finding the A$132 million project "economically and technically robust".
Metallica Minerals Limited (ASX:MLM) is pleased to announce positive results from its initial scoping study on the proposed Stage 1 mining and processing of the Company's wholly-owned NORNICO nickel-cobalt & scandium project northwest of Townsville in North Queensland.
Australian Market Report of September 17, 2010 includes; Good results continue from Pan Asia Corporation Limited's (ASX:PZC) TCM Coal Project, Sihayo Gold Limited's (ASX:SIH) regional exploration team have planned an extensive work program covering numerous high impact gold and copper / gold prospects, International minerals company Malagasy Minerals Limited (ASX:MGY) reported it has intersected a zone of massive and disseminated sulphides and Triton Gold Limited (ASX:TON) has gained 100% control over key tenements at Salmon Gums Gold Project.
Metallica Minerals Limited (ASX:MLM) advises that its 76% owned subsidiary, Planet Metals Limited (ASX:PMQ), has signed signed a Share Sale Agreement with Tropical Metals Pty Ltd in respect of Planet Metals' 100% owned subsidiary, Wolfram Camp Mining Pty Ltd ("WCMPL") for a total sale price (including deposits) of A$7.9 million.
FINANCE AUDIO: Victory West Moly (ASX:VWM) CEO Robert Hyndes Interviewed By Brian Carlton.
ADX Energy Limited (ASX:ADX) (PINK:ADXRF) are pleased to provide an update in relation to the proposed divestment and Initial Public Offering "IPO" of the Company's mineral assets portfolio. This strategy is in-line with the previously stated intention of ADX becoming a highly focused energy company while ensuring that the necessary capital is secured to finance the exploration and development of its highly promising gold and base metals tenements.
Australian Market of September 9, 2010 includes; Condor Nickel Limited (ASX:CNK) exploration drilling continues to indicate the potential for a significant iron ore resource, Mirabela Nickel Limited (ASX:MBN) has priced an institutional bookbuild to raise US$165 million, IMX Resources Limited (ASX:IXR) has reported new nickel-copper intersections from the Nachingwea project and Aspire Mining Limited (ASX:AKM) initial raw coal quality testwork results continue to confirm high quality coal at Ovoot.
