Rum Jungle Resources Ltd (ASX:RUM) advises that it has completed the purchase of 100% of the issued capital of Territory Phosphate Pty Ltd from Aragon Resources Ltd (ASX:AAG) for a total consideration for A$1,000,000.00 cash and 16 million fully paid ordinary shares of RUM.
Aragon Resources Limited (ASX:AAG) advises that it has completed the sale of its 100% wholly owned subsidiary, Territory Phosphate Pty Ltd to Rum Jungle Resources Ltd (ASX:RUM) for a total consideration of A$1,000,000 cash and 16,000,000 fully paid ordinary shares in Rum Jungle currently trading at A$0.455 per share.
Australian Market Report of February 2, 2011 includes: Fortis Mining Limited (ASX:FMJ) has entered into a strategic partnership alliance with Grand Concord Investments Limited; Peninsula Energy Limited (ASX:PEN) announced 33Mlbs U3O8 resources in USA; Molopo Energy Limited (ASX:MPO) is to sell Spearfish oil asset to Legacy Oil + Gas Inc (TSE:LEG); Avita Medical Limited (ASX:AVH) completed ISO quality certification audit to sell its products in Europe.
Toro Energy Limited (ASX:TOE) (PINK:TOEYF) is pleased to announce that, following expenditure of more than A$1 million and successful completion of five Reverse Circulation and thirteen aircore drill holes, Toro has achieved a majority 50.01% ownership interest in the Birrindudu Uranium Joint Venture in far northeastern Western Australia.
Baobab Resources plc (LON:BAO) presents an update on the Monte Muande magnetite/phosphorus, base and precious metal project in the Tete province of Mozambique, a joint venture project with North River Resources plc (LON:NRRP).
Australian Market Report of January 27, 2011 includes: Universal Coal plc (ASX:UNV) makes strategic coking coal expansion acquisition in South Africa; Marmota Energy Limited (ASX:MEU) received significant iron results in South Australia; African Iron Limited (ASX:AKI) intersected further significant DSO Iron Mineralisation in Congo; Chesser Resources Limited (ASX:CHZ) received further high grade gold results in Turkey.
Iron ore company Dynasty Metals Australia Limited (ASX:DMA) today announced positive results from processing test-work recently completed on an initial bulk sample from the Company's Prairie Downs Iron Project, which clearly indicates that a large portion of the higher grade ore is fully recoverable at DSO grades. In addition the Company details its near-term exploration plans.
