Leaching efficiency for a new green-tech nickel recovery process has been increased by more than 65 per cent compared to traditional atmospheric acid leaching in trials conducted by innovative Perth-based minerals explorer Resource Mining Corporation (ASX:RMI).
South Boulder Mines Limited (ASX:STB) is pleased to confirm that high grade potash has been intersected from recent shallow diamond drilling at the Colluli Area B discovery.
Innovative Perth-based minerals explorer Resource Mining Corporation (ASX:RMI) has reduced drilling costs by nearly 70 per cent as it completes a 300 hole drill program at its Wowo Gap Nickel deposit, located 200 kilometres east of Port Moresby in Papua New Guinea in an area known to host significant Nickel-Cobalt mineralisation.
On 27 June 2011, Atlas Iron Limited (ASX:AGO) announced its intention to make a Takeover Offer for FerrAus Limited (ASX:FRS) (PINK:FRRAF). The Takeover Offer is set to open on Monday, 5 September 2011.
FerrAus Limited (ASX:FRS) (PINK:FRRAF) is pleased to advise that at a General Meeting of the company held earlier today, shareholder approval was obtained for: (a) the issue by FerrAus to Atlas Iron Limited (ASX:AGO) of approximately 37.4 million FerrAus ordinary shares at an issue price of A$0.65 per share to raise A$24.3 million, pursuant to a subscription agreement (Subscription); and (b) the purchase of South East Pilbara iron ore assets by FerrAus from Atlas in consideration for approximately 121.8 million FerrAus ordinary shares at a deemed issue price of A$0.65 per share, pursuant to an asset sale agreement (Iron Ore Assets Acquisition).
Atlas Iron Limited (ASX:AGO) is pleased to report a maiden annual profit after income tax of A$169 million for the year to June 2011.
South Boulder Mines Limited (ASX:STB) is pleased to announce the appointment of a highly experienced open cut mining engineer to the management team.
