Archer Exploration Limited (ASX:AXE) is pleased to announce it has successfully completed a share placement of 2,714,286 fully paid ordinary shares at 17.5cents to raise A$475,000 before costs. The issue has been placed with sophisticated investors by Bligh Capital Pty Ltd. Cash at bank as at 30 June 2011 was A$2.4 million prior to the Share Placement.
Manhattan Corporation Limited (ASX:MHC) announces that it has entered into an agreement with Strategic Minerals Corporation NL (ASX:SMC) subsidiary Signature Resources Pty Ltd for Signature to acquire the 90% interest in Manhattan's Siccus Uranium project in South Australia.
Rum Jungle Resources Limited (ASX:RUM) has received an initial assessment of the Resource potential of the drilled grid area at Barrow Creek 1 from the Independent Geologists. The Company is extremely optimistic with these early favourable results that a major new resource of world class can be established by increasing the drill grid to incorporate an additional 20,000 metres of drilling in the current field season.
Archer Exploration Limited (ASX:AXE) is pleased to announce that the Eyre Peninsula has long been explored for its uranium and base metal potential. Many companies including Kerr McGee, Esso, BHP (NYSE:BHP) and Shell (NYSE:RDS.A) explored the area and reported graphitic rocks.
Dynasty Metals Australia Limited (ASX:DMA) is pleased to provide Letter to Shareholders regarding recent events and achievements.
Asian Activities Report for June 14, 2011 includes: GBM Resources Limited (ASX:GBZ) reported significant results of copper, gold, silver, cobalt, molybdenum and uranium from the Milo Prospect in Queensland; Kidman Resources Limited (ASX:KDR) reported further copper results from the Phase 3 drilling program at Blind Calf in central NSW; African Iron Limited (ASX:AKI) will mobilise two additional drill rigs to accelerate the resource definition drilling at the Mayoko iron ore project in Congo; Dampier Gold Limited (ASX:DAU) received further impressive results from recent RC holes completed at Cinnamon, K1 and Keillor East gold deposits.
The transition of Toro Energy Limited's (ASX:TOE) (PINK:TOEYF) Western Australian Wiluna uranium project by 2013 into the State's first modern-era uranium mine is to be managed by a former Woodside (ASX:WPL) and Alcoa (ASX:AAI) executive, Dr Vanessa Guthrie.
