Tectonic Resources NL (ASX:TTR) announce the successful completion of the independent Definitive Feasibility Study on its 100% owned Phillips River Project demonstrating a viable project, generating over A$1 billion in revenue and A$224 million (pretax) in net cash over a 10 year life of mine.
Victory West Moly Limited (ASX:VWM) (ETR:R1E) advise that its joint venture partner China Guangshou Group Corp (CGGC) is poised to start aggressive work program on the Malala Molybdenum Project in North Sulawesi, Indonesia after CGGC has agreed to advance the first A$500,000 cash payment provided for as part of the pair's joint venture agreement.
Australian Market Report of February 1, 2011 includes: Exoma Energy (ASX:EXE) signed farm-in agreement with CNOOC (HKG:0883); Moly Mines Limited (ASX:MOL) (TSE:MOL) has received loan commitment from China Development Bank for up to US$250 million; Asciano Group (ASX:AIO) secures another 3.5 million tonnes contract with Anglo American; Kidman Resources Limited (ASX:KDR) reported encouraging near-surface copper results in New South Wales.
Victory West Moly Limited (ASX:VWM) (ETR:R1E) announce that subject to due diligence is to acquire via way of equity earn-in a 75% equity interest in a highly prospective copper/gold project located in Toraja province, South Sulawesi.
Victory West Moly Limited (ASX:VWM) (ETR:R1E) the SE-Asia focused metals explorer, is pleased to provide an update of its drilling program at the USSU Nickel Project.
Australian Market Report of December 22, 2010 includes: Metminco Limited (ASX:MNC) commences 50,000 metre diamond drilling program at Los Calatos copper/molybdenum project in southern Peru; Ausgold Limited (ASX:AUC) announced further significant assay results from the Boddington South Gold Project; Synergy Metals Limited (ASX:SML) has signed a non-legally binding Memorandum of Understanding with Northwest Nonferrous International Investment Company Limited; Forte Energy NL (ASX:FTE) announced further Rare Earth Element assay results in Guinea.
Bernard is a qualified geologist with 17 years international experience in mineral exploration. He spent seven years exploring for diamonds with Ashton Mining most of which was spent in Scandinavia and West Africa. He played a key role in the discovery of a number of diamond bearing kimberlite pipes in Finland and went on to manage Ashton's activities in the West African nation of Mali.
