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Please Note: Several of the linked announcements are PDF Files
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Live Quotes & Charts - Australia
Thursday 31 July, 2003
QUARTERLY REPORT - 30 June 2003
HIGHLIGHTS
|
For details........... COMPANY ANNOUNCEMENT
Response to media comments regarding possible acquisitions
In response to media comments in today's press, Macarthur Coal Limited (ASX: MCC, MCCG) confirms that as part of its growth strategy, it is considering a number of acquisitions in the coal sector.
At present, Macarthur Coal is progressing with negotiations to bolster the company's coal portfolio. However, these negotiations have not yet advanced to the stage whereby an announcement to the market can be made.
The company hopes to be in a position to make an announcement shortly......For details........... COMPANY ANNOUNCEMENT
MACMIN SILVER
Fourth Quarter Cashflow Report......For details... COMPANY ANNOUNCEMENT
QUEENSLAND GAS COMPANY
Increasing gas flows to accelerate reserves certification
With increasing gas flows, the Berwyndale South Project is set to enter a new phase of production testing designed to accelerate the reserves certification process, according to Queensland Gas Company Managing Director Richard Cottee.
As Operator of the Project, QGC is pleased to report that the gas to water ratio, as well as overall gas production, had increased since technical improvements were made to the wells in early July, he said.
By installing larger production tubing in the wells, Mr Cottee noted that QGC had achieved a 25% increase in water production (to around 10,000 barrels a day) and aggregate gas flow rates in recent days have been measured at above 300,000 cubic feet a day from the seven wells.
On the basis of the results were seeing, it is clear that ATP 632P contains commercially-recoverable reserves.
Our focus remains on early commercialisation of the gas resource, and we will now direct our efforts towards reducing our drilling costs and to speeding up the certification process through a new phase of production testing, he said.......For details........... COMPANY ANNOUNCEMENT
ACTIVITIES REPORT - QUARTER ENDED 30 JUNE 2003
In recent months Queensland Gas Company (QGC) has made solid progress towards its goal of becoming a major Queensland gas producer achieving important commercial, financial and technical milestones. Commitments from CS Energy as a new joint venture partner, and BHP Billiton as a potential partner serve as a huge vote of confidence in the commercial value of the Company's interests.
Highlights
During the three months to 30 June 2003, the Company:
For details........... COMPANY ANNOUNCEMENT
TASGOLD
Fourth Quarter Cashflow Report......For details... COMPANY ANNOUNCEMENT
AUSTRALIAN WORLDWIDE EXPLORATION
Fourth Quarter Activities & Cashflow Report... . For details - Announcement
BEACH PETROLEUM
Drilling Report: Moana-1 - setting abandonement plugs... . For details - Announcement
CENTRAL KALGOORLIE GOLD MINES
Fourth Quarter Activities & Cashflow Reports... . For details - Announcement
GOLDEN VALLEY MINES
South African Reserve Bank approval for NiMag Acquisition... . For details - Announcement
IMAGE RESOURCES
Fourth Quarter Activities & Cashflow Reports... . For details - Announcement
Trojan JV - A Multi project Farmout... . For details - Announcement
NAMAKWA DIAMOND CO
Fourth Quarter Activities & Cashflow Report... . For details - Announcement
Update on Funding - Namakwa Diamond Project... . For details - Announcement
OIL SEARCH
Drilling Report 31 July 2003 (NW Moran) - drillstring was being run in hole to continue directional driling to the original target... . For details - Announcement
ORIGIN ENERGY
Hovea 8 Drilling Update - drilling ahead at 1863m... . For details - Announcement
Fourth Quarter Activities Report... . For details - Announcement
PASMINCO
Fourth Quarter Activities Report - planned listing deferred until improved market conditions are sustained... . For details - Announcement
PLACER DOME
Reports Second Quarter Earnings - Lays Foundation for Growth: ... . For details - Announcement
SALLY MALAY MINING
QUARTERLY REPORT FOR PERIOD ENDED 30 JUNE 2003
$46 million bank financing document signed
$5.85 million raised via placement at 29 cents to local and overseas institutions;
Government approvals received for Project construction;
Sally Malay Deeps drilling program confirms orebody continues at depth below 500m fault;
Copernicus/Salk Heads of Agreement signed and drilling commenced in late July;
... . For details - Announcement
SINO GOLD
Outstanding Drilling Results from Jinfeng - Statabound Mineralisation Identified - Acquisition of strategic tenements in Jinfeng District ... . For details - Announcement
STRAITS RESOURCES
Second Quarter Activities Report ... . For details - Announcement
SUMMIT RESOURCES
Fourth Quarter Activities & Cashflow Report ... . For details - Announcement
TANTALUM AUSTRALIA
Acquires exclusive world licence to manufacture of rare metals including nickel... . For details - Announcement
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Gold - spot/oz
US$356.50
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4531.7
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2140.4
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US$686.00
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3945.7
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9450
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1479
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4.315
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4805
Live Quotes & Charts - Australia
Wednesday 30 July, 2003
Fourth Quarter Activities & Cashflow Reports
.....For details........... COMPANY ANNOUNCEMENT
Fourth Quarter Activities Report
HIGHLIGHTS
SUNNY CORNER
BROKEN HILL
CANBELEGO
ADELONG
DRILLING
For details........... COMPANY ANNOUNCEMENT
Appendix 3B - Employee Share Acquisition Scheme...For details - Announcement
NEW DIRECTOR APPOINTMENT
Electrometals Technologies Limited is pleased to announce the appointment today of Mr. Renato Gazzaniga to the Board of the company.
Mr. Gazzaniga is the Managing Director and Chief Operating Officer of De Nora Elettrodi S.p.A., which has recently become the largest single shareholder in Electrometals by subscribing for shares in our recent capital raising amounting to 19.96% of the issued share capital.....For details........... COMPANY ANNOUNCEMENT
GOLDSEARCH
HIGHLIGHTS
Musgrave Block project Independence Gold joint venture
It is gratifying for your Company to finally have action on the ground in these regions after 8 years of negotiations with authorities. The Central Land Council has completed its clearance of another two major Northern Territory tenements, ELs 5701 and 5703 to which we expect to gain entry in coming months. Independence Gold NL now has access to areas of interest in both the Northern Territory and South Australia that will allow it to conduct concentrated exploration under its joint venture agreement with Goldsearch.
Northern Territory - ELs 5702, 9443 and 9407 (Lasseter Highway, Docker River region)
Wide-spaced sampling on 2 kilometre by 500 metre and 4 kilometre by 500 metre grids was completed during the quarter with results expected within two weeks.
South Australia EL 2910 (De Rose Hill)
Infill sampling has been completed and Independence Gold NL is applying its technical experience and technology to evaluate the prospectivity of the area with the objective of defining drill targets for work later in the year.
Hawks Nest project
Our joint venture partner, Phelps Dodge Australasia Inc (PDA), expects to commence drilling on EL 2899 (Hawks Nest) during the December quarter as soon as the final tangential electro magnetic (TEM) ground survey has been completed and analysed.
Rheola project
During the quarter Goldsearch withdrew from its joint venture agreement with Rheola Gold Mining Company Pty Ltd after undertaking a drilling program to explore the gold potential of the Matrix Reef. A nine hole 786 metre percussion (RAB) drill program was completed and was not successful in finding any significant gold accumulation.
Duck Creek project
A new application EPMA 14088 has been lodged to replace EPM 13273 over an increased area at Cloncurry South, covering approximately 20 square kilometres.
Windeyer
Subsequent to 30 June exploration licence EL 6094 was granted to Goldsearch over this historical gold producing area located near Hargraves, 5 kilometres west of Windeyer, NSW.
Corporate
The 1 for 4 non-renounceable rights issue of 36,491,869 new shares with attached options was completed during the quarter. The issue raised approximately $1.46 million before issue expenses of $140,000.
Senior geological/corporate consultant
During the quarter the directors appointed Mr Tony Lethlean, B App Sc (Geology) of WHI Securities Pty Ltd investment bankers, as our senior geological/corporate consultant. Tony Lethlean is a nonexecutive director of Alkane Exploration Ltd and other private mining and financial groups. His previous experience includes 10 years in underground mining and exploration operations, including work at the Kalgoorlie Golden Mile and geologist in charge of Hargraves Resources NL. He was also associate director of Eyres Reed/CIBC Wood Gundy (1996-98) and director of CIBC World Markets (1998-00).
Tony Lethlean is well known in mining circles and, through his financial contacts and his underground geological knowledge, brings a vast depth of experience and knowledge to Goldsearch. His principal role is to investigate joint venture and investment opportunities for Goldsearch.
For details........... COMPANY ANNOUNCEMENT
MINOTAUR RESOURCES
REPORT FOR THE QUARTER ENDING 30 JUNE 2003
|
For details........... COMPANY ANNOUNCEMENT
White Tank Drilling Results - Eyre Peninsula Gold Prospects...For details - Announcement
Fourth Quarter Activities & Cashflow Report...For details - Announcement
Amity Appoints Howard McLaughlin as Managing Director..For details - Announcement
Fourth Quarter Cashflow Report ...For details - Announcement
Admiral Hill Gold Deposit - Resource Estimates...For details - Announcement
Fourth Quarter Cashflow Report ...For details - Announcement
Fourth Quarter Activities Report...For details - Announcement
Fourth Quarter Activities & Cashflow Reports...For details - Announcement
Quarterly Report - June 2003...For details - Announcement
Drilling Report: Moana#1, Cooper-Eromanga Basin, SA
Results of DST1 - no fluid to surface.. . For details - Announcement
Yandeearra Project - Rock Chip Sampling Results...For details - Announcement
Further Drill Results from the Jim's Luck JV Prospect...For details - Announcement
Fourth Quarter Activities Report...For details - Announcement
Fourth Quarter Activities Report...For details - Announcement
Fourth Quarter Cashflow Report...For details - Announcement
Second Quarter Activities Report...For details - Announcement
Fourth Quarter Activities Report...For details - Announcement
Second Quarter Cashflow Report...For details - Announcement
Expands European Investor Base with German Listing...For details - Announcement
Second Quarter Activities Report...For details - Announcement
Fourth Quarter Activities Report...For details - Announcement
QUARTERLY REPORT TO SHAREHOLDERS
for the Three Months Ended 30 June 2003
SIGNIFICANT EVENTS
...For details - Announcement
Fourth Quarter Activities Report...For details - Announcement
Fourth Quarter Activities & Cashflow Report...For details - Announcement
Commencement of Drilling - Fortnum Gold Project...For details - Announcement
Fourth Quarter Cashflow Report...For details - Announcement
Second Quarter Activities Report...For details - Announcement
Media Statement - Second Quarter Report to ASX..For details - Announcement
Opposition groups withdraw appeal of permits for USA's Georgia Project...For details - Announcement
Fourth Quarter Cashflow Report...For details - Announcement
Large Groundwater Sources Discovered Near Turquoise Hill Gold and Copper Project in Mongolia...For details - Announcement
Fourth Quarter Cashflow Report...For details - Announcement
Letter to Shareholders - Update...For details - Announcement
Fourth Quarter Activities & Cashflow Report...For details - Announcement
Prospectus dated 21/07/2003 - A$5.25 million to be refunded; fresh offers to be made...For details - Announcement
Fourth Quarter Cashflow Report...For details - Announcement
Investor Presentation (Slide Presentation converted to PDF)...For details - Announcement
Fourth Quarter Cashflow Report...For details - Announcement
Mt Earl Prospect - Successful Drilling Program Completed - oxide copper mineralisation ...For details - Announcement
Fourth Quarter Activities Report ...For details - Announcement
Fourth Quarter Cashflow Report ...For details - Announcement
Fourth Quarter Cashflow Report ...For details - Announcement
Fourth Quarter Cashflow Report...For details - Announcement
Fourth Quarter Cashflow Report ...For details - Announcement
Fourth Quarter Activities & Cashflow Report ...For details - Announcement
Adds to Offshore Otway Acreage ...For details - Announcement
Fourth Quarter Activities & Cashflow Report ...For details - Announcement
Black Cat Gold Prospect in WA proves lucky ...For details - Announcement
Fourth Quarter Activities & Cashflow Report ...For details - Announcement
Fourth Quarter Activities & Cashflow Report ...For details - Announcement
Fourth Quarter Activities & Cashflow Report ...For details - Announcement
Palabora Mining Company Rights Offer ...For details - Announcement
Second Quarter Activities Report ...For details - Announcement
Second Quarter Cashflow Report ...For details - Announcement
Second Quarter Cashflow Report ...For details - Announcement
Fourth Quarter Activities Report...For details - Announcement
Fourth Quarter Activities & Cashflow Reports...For details - Announcement
Fourth Quarter Cashflow Report ...For details - Announcement
Fourth Quarter Cashflow Report...For details - Announcement
Fourth Quarter Report - Commitments Test Entity...For details - Announcement
Fourth Quarter Activities Report...For details - Announcement
Fourth Quarter Activities & Cashflow Reports...For details - Announcement
Implats Offer Document...For details - Announcement
Response Document re T/O by Impala Platinum Hldgs Ltd...For details - Announcement
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3093.0
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2533.2
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989.28
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3107.8
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1731.37
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3107.7
Gold - spot/oz
US$361.40
Materials (GIC)
4567.1
Silver - spot/oz
US$5.16
AGC Macquarie Au
2149.6
Platinum - spot
US$699.00
AGC Explorers Au
3919.6
+29.6
Palladium - spot
US$176.00
Energy (GIC)
4478.8
Bridge CRB Futures Index
234.71
FTSE 100
4134.90
Crude Oil (NYMEX)
US$30.24
+0.13
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9834.31
-5.6
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1777
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10,198.6
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528
A$ = US66.34c
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857
A$ = 79.52yen
Nickel (LME - spot $US/tonne)
9280
A$ = 0.580euro
Aluminium (LME - spot $US/tonne)
1477
US 30-Year Bond
4.398
Tin (LME - spot $US/tonne)
4805
Live Quotes & Charts - Australia
Tuesday 29 July, 2003
Appendix 5B - June Quarter....For details........... COMPANY ANNOUNCEMENT
Change in substantial holding from CBA....For details........... COMPANY ANNOUNCEMENT
SECOND QUARTER ACTIVITIES/CASHFLOW REPORT
AUSTRALIA
Icon has maintained its acreage position in Australia, but has conducted no field work during the quarter.
USA
The financing for the Bayou Choctaw field in the United States of America is in the final documentation stage for the bond issue. Funding is expected to be received in late August 2003 following the issue of the bond and Icon completes its additional mortgage arrangements with Mercedis Bancorp Limited of Canada.
For details........... COMPANY ANNOUNCEMENT
REPORT FOR THE QUARTER ENDING 30 June 2003
HIGHLIGHTS1. CORPORATE
2. EXPLORATION
Plumridge (Mithril 100%)
Andrew Young Joint Venture
Talia Hill (Mithril100%)
|
For details........... COMPANY ANNOUNCEMENT
CHANGE OF DIRECTOR`S INTEREST NOTICE - directors continue to buy shares in Mount Burgess....For details........... COMPANY ANNOUNCEMENT
REPORT FOR THE QUARTER ENDED 30 JUNE 2003
AFRICA For details........... COMPANY ANNOUNCEMENT
Highlights
TSUMKWE DIAMOND EXPLORATION PROJECT
The lack of wear to the surface of 19 kimberlitic garnets, recovered from drillhole NAM278 indicates the potential to discover a further kimberlite within close proximity.
AUSTRALIA
TELFER - Gold and Base Metals
(Mining Leases M45/542, M45/543, M45/544, M45/551 are in joint venture with Newmont Exploration Pty Ltd. The remainder tenements are 100% Mount Burgess Mining N.L.)
During the quarter all data and drill core relative to the Telfer project was subject to review by an independent party for the purpose of assessing the potential for committing to a joint venture. It is expected that a decision thereon will be made during the current quarter.
Convertible Notes Issue...For details - Announcement
Fourth Quarter Activities & Cashflow Reports...For details - Announcement
Second Quarter Cashflow Report...For details - Announcement
Fourth Quarter Cashflow Report...For details - Announcement
Progress Report: Yesiltepe-1 Well
Gas shows were obtained from several sandstones from a depth of 1085m to 1,261m - the depth at o600 on 28 July; the well is drilling ahead.
Drilling continued steadily from 1,261 metres to 1,345 metres over the 24 hour period.
The section drilled was dominated by sandstones, with minor claystone.
Gas levels were generally low.
At 0500 hours Perth time this morning (29 July) , the well was drilling ahead at 1,345 metres in the target Kizildere Formation.....For details - Announcement
Commitments Test Entity - Fourth Quarter Report...For details - Announcement
Admiral Hill North - Allotment of Tenement E38/1582...For details - Announcement
Fourth Quarter Activities Report...For details - Announcement
Fourth Quarter Cashflow Report...For details - Announcement
Fourth Quarter Activities & Cashflow Reports...For details - Announcement
Drilling Report: Moana#1, Cooper-Eromanga Basin, SA
As at 0600 hours on 29 July the well was at 2256 metres (Total Depth). Assembling testing tools.. . For details - Announcement
Release date for Financial Results.. . For details - Announcement
Bendigo announces First Gold Reserves - To fast track commercial production...For details - Announcement
NZ energy prospects good for Bounty...For details - Announcement
Fourth Quarter Activities Report...For details - Announcement
Fourth Quarter Activities Report...For details - Announcement
Second Quarter Activities Report..For details - Announcement
Amended Fourth Quarter Activities Report..For details - Announcement
Christies-1 - A Commercial Field..For details - Announcement
Fourth Quarter Cashflow Report..For details - Announcement
Dominion Anounces Go Ahead for Challenger Underground Gold Project..For details - Announcement
Fourth Quarter Activities Report..For details - Announcement
Fourth Quarter Activities & Cashflow Report..For details - Announcement
Farm In - 75% of Currans Well Nickel Platinum Project...For details - Announcement
Fourth Quarter Cashflow Report..For details - Announcement
Fourth Quarter Cashflow Report..For details - Announcement
Fourth Quarter Activities & Cashflow Report..For details - Announcement
Fourth Quarter Activities & Cashflow Report..For details - Announcement
Fourth Quarter Activities & Cashflow Report..For details - Announcement
Fourth Quarter Activities & Cashflow Report..For details - Announcement
Emu Lake Nickel Farmout.with Sir Samuel Mines...For details - Announcement
Tropicana East JV (Anglo Gold Australia Earning 70%)...For details - Announcement
Second Quarter Activities & Cashflow Report..For details - Announcement
Fourth Quarter Activities Report..For details - Announcement
Quarterly Activity Report for the period ending 30 June 2003
Highlights
· Mount Garnet plant commissioned and performing at levels in excess of Feasibility Estimates
· Last 15 metres of vertical development at the Mount Garnet deposit reconciling 28% higher contained zinc than predicted by feasibility model
· First 2 weeks of July production averaged 8.6% Zn head grade at 91% recovery and the mill operating at 20% above feasibility prediction.
· Surveyor ore scheduled for processing in mid-late August.
· Balcooma drilling intersects high grade copper and zinc mineralisation.
Appraisal of deposit accelerated to bring forward plant expansion decision
· Drilling at Montevideo intersects wide high-grade mineralisation of 15.95m @ 9.11% Zn and confirms potential for a significant deposit...For details - Announcement
Fourth Quarter Activities Report..For details - Announcement
Second Quarter Activities & Cashflow Report..For details - Announcement
Updated Independent Valuation of Skardon River Kaolin...For details - Announcement
Fourth Quarter Activities & Cashflow Report...For details - Announcement
Strong Gas Performance Continues/Second Qrtr Activities Report..For details - Announcement
Second Quarter Activities Report..For details - Announcement
PILBARA MINES
Jaguar Resource Upgrade following completion of a 6 diamond drillhole program...For details - Announcement
SUB SAHARA RESOURCES
Spectacular Diamond Drilling Result from Debarwa Project in Eritrea - including 21 metyres @ 13.5% Cu, coupled with good gold and silver grades...For details - Announcement
All Ords
3103.1
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2544.6
+16.6
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996.52
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3119.4
Nasdaq
1735.36
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3118.9
Gold - spot/oz
US$364.80
Materials (GIC)
4567.1
Silver - spot/oz
US$5.20
AGC Macquarie Au
2124.8
Platinum - spot
US$697.00
AGC Explorers Au
3867.9
na
Palladium - spot
US$172.00
Energy (GIC)
4479.0
Bridge CRB Futures Index
234.42
FTSE 100
4148.80
Crude Oil (NYMEX)
US$30.11
-0.06
Nikkei
9893.91
+191.9
Copper (LME - spot $US/tonne)
1758
Hang Seng
10,134.88
Lead (LME - spot $US/tonne)
524
A$ = US66.22c
Zinc (LME - spot $US/tonne)
855
A$ = 79.13yen
Nickel (LME - spot $US/tonne)
9195
A$ = 0.577euro
Aluminium (LME - spot $US/tonne)
1486
US 30-Year Bond
4.284
Tin (LME - spot $US/tonne)
4785
Live Quotes & Charts - Australia
Monday 28 July, 2003
Quarterly Report for the Period Ended 30 June 2003
POONCARIE MINERAL SANDS PROJECT (100%) Project Finance Project Development Snapper Deposit Feasibility Study CORPORATE For details........... COMPANY ANNOUNCEMENT
HIGHLIGHTS
Quarterly Report for the Period Ended 30 June 2003
For details........... COMPANY ANNOUNCEMENT
HIGHLIGHTS
BHP Billiton - QGC alliance signals exciting new development phase
BHP Billiton, Queensland Gas Company and CS Energy today signed a Memorandum of Agreement which formalises the Memorandum of Understanding between the parties announced on 27 June 2003.
Under the MOA, BHP Billiton and QGC have 90 days to negotiate a new gas supply agreement with CS Energy which could replace QGCs existing agreement with CS Energy. The existing agreement provides for ATP632P to supply up to 90 petajoules of gas to CS Energy over 15 years.
In connection with the proposed new gas agreement with CS Energy, BHPB will also negotiate farmin agreements to earn up to a 50% interest in three key blocks in the Surat Basin. Those farmin agreements would see BHP Billiton stepping in as a joint venture partner with QGC in ATP632P, and with QGC and Pangaea Oil and Gas in ATP620P and ATP648P.
The parties will endeavour to formalise the farm-in agreements within 90 days.
As part of the farm-in, CS Energy would remain a major customer under the terms of the new gas supply agreement.
The parties will work together during the intervening 90 day period, utilising the combined expertise and resources of BHPB and QGC to optimise the commercialisation of the Berwyndale South field.
Quarterly Report for the Period Ended 30 June 2003
For details........... COMPANY ANNOUNCEMENT
CRACOW JOINT VENTURE KLONDYKE PROJECT (SEDIMENTARY 30%)
Project Development
Mining Lease 80089 has been granted. This lease contains both the Crown and Klondyke North ore shoots and is adjacent to the previously granted ML80088. The latter lease contains the Royal Shoot and the intended site of the decline portal. Approvals for the commencement of mining activities for ML80088 are in place.
The Indigenous Land Use Agreement (ILUA) which covers all Cracow Joint Venture mining and exploration tenements was registered in June by the National Native Title Tribunal.
A review of the life of mine plan was completed during the quarter including detailed planning of the decline and stoping methods. As a result of the review, the initial plant capacity has been increased to a planned 300,000 tonnes per annum.
Engineering and planning for infrastructure and services including land acquisition, power supply, water supply and tailing dams were progressed.
Negotiations and documentation drafting of joint venture agreements with Newcrest, and bank finance agreements, were substantially completed.
TECHNICAL REPORT - QUARTER ENDED 30th JUNE 2003
1. SUMMARY
TasGold Ltd (TasGold) is a gold focused mineral exploration company, whose primary projects are located in two gold districts in Tasmania.
For details........... COMPANY ANNOUNCEMENT |
Red Creek Prospect Oklahoma-Rash Barrett A#2 Plugged&Abandoned...For details - Announcement
Fourth Quarter Cashflow Report...For details - Announcement
Drilling Report: Moana#1, Cooper-Eromanga Basin, SA
As at 0600 hours on 28 July the well was at 2256 metres (Total Depth). Following logging it is planned to conduct a drill-stem test.. . For details - Announcement
News Release: Beach Riding Higher on Strong Revenue & Production Wave. . For details - Announcement
Bounty Increases Exploration Rate...For details - Announcement
Fourth Quarter Activities & Cashflow Report...For details - Announcement
Fourth Quarter Activities & Cashflow Report...For details - Announcement
Response to ASX Query re Share Price...For details - Announcement
Fourth Quarter Activities & Cashflow Report...For details - Announcement
Fourth Quarter Activities & Cashflow Report...For details - Announcement
Wackilina Gold Project
Independence Gold announces the discovery of a significant surface gold anomaly and other strongly gold anomalous stream catchments in the Hammersley Iron Ore basin in WA..For details - Announcement
Fourth Quarter Activities & Cashflow Report...For details - Announcement
Fourth Qtr Activities Report - More Significant Discoveries...For details - Announcement
Fourth Quarter Cashflow Report...For details - Announcement
July Update/Notice of Initial Dir Notice/Appendix 3B...For details - Announcement
Fourth Quarter Activities Report...For details - Announcement
Mungi 10 CBM well spudded at the Mungi Development Program...For details - Announcement
Media Release re June 2003 Quarter Results.
KEY POINTS
Telfer construction on schedule and within budget.
Group cash costs of A$181/oz.
Further encouragement from Ridgeway Deeps drilling.
OVERVIEW
Production
Group gold production 198,992oz (194,920oz) at a cash cost of A$181/oz (A$206/oz).
Copper production 18,617 t (18,574t).
Cadia production 78,002oz (74,436oz).
Cadia cash costs A$330/oz (A$345/oz).
Ridgeway production 116,881oz (110,574oz).
Ridgeway grade 3.33g/t Au (3.10g/t Au).
Ridgeway cash costs A$73/oz (A$80/oz).
Development
Telfer construction on schedule and within budget.
Mining lease granted for the Cracow project.
Toguraci granted approval to proceed by the Mines Minister.
Exploration
Further encouragement from Ridgeway Deeps drilling.
Kencana drilling, near Gosowong, continued.
Finance & Hedging
Mark-to-market improved to positive A$84M (negative $313M).
Achieved gold price for profit purposes was A$557/oz ($538/oz) and for cashflow purposes which includes settlement of surplus FX contracts was A$533/oz ($495/oz).
Telfer hedging substantially completed.
Copper hedgebook partially closed out.
..For details - Announcement
Fourth Quarter Activities & Cashflow Report...For details - Announcement
Diamond Core Drill Holes Intersect High-Grade/Broad Au Zones...For details - Announcement
Fourth Quarter Activities & Cashflow Report...For details - Announcement
TAP OIL
Ginger-1 Exploration Well (8km east of Varanus Island) Gas Discovery..For details - Announcement
All Ords
3081.3
Dow Jones
9284.57
ASX100
2528.0
+6.8
S&P 500
998.68
ASX200
3098.6
Nasdaq
1730.70
ASX300
3098.1
Gold - spot/oz
US$362.70
Materials (GIC)
4526.2
Silver - spot/oz
US$5.07
AGC Macquarie Au
2086.9
Platinum - spot
US$691.00
AGC Explorers Au
3867.9
+65.1
Palladium - spot
US$166.00
Energy (GIC)
4400.3
Bridge CRB Futures Index
233.23
FTSE 100
4131.20
Crude Oil (NYMEX)
US$30.10
+0.07
Nikkei
9648.01
-22.99
Copper (LME - spot $US/tonne)
1716
Hang Seng
9939.20
Lead (LME - spot $US/tonne)
518
A$ = US66.33c
Zinc (LME - spot $US/tonne)
842
A$ = 78.83yen
Nickel (LME - spot $US/tonne)
8940
A$ = 0.576euro
Aluminium (LME - spot $US/tonne)
1453
US 30-Year Bond
4.178
Tin (LME - spot $US/tonne)
4775
Live Quotes & Charts - Australia
Friday 25 July, 2003
SHAREHOLDER SHARE PURCHASE PLAN
The Board of directors of Cullen Resources Limited is pleased to announce the introduction of a Shareholders Share Purchase Plan.
The purpose of the Plan is to raise funding for drilling and exploration of the various properties held by the company.
The issue price for the new shares will be 3 cents per share, representing a discount to the volume weighted average trading price over the last 30 business days. Shareholder eligibility for participation in the Plan will be determined on 28 July 2003, and the offer is planned to close on 27 August 2003.
For details........... COMPANY ANNOUNCEMENT
GRAVITY COMPLETES FARM-IN AND JOINT VENTURE AGREEMENT WITH RIO TINTO OVER DIAMOND PROPERTIES IN NORTHERN AUSTRALIA
Gravity Capital Limited (Gravity) is pleased to announce that, through its related company Diamond Mines Australia Pty Ltd (DMA), it has concluded its previously foreshadowed agreement with Rio Tinto to farm-in to five of Rio Tintos most advanced diamond exploration areas in northern Australia. These total in excess of 30,000 square kilometres and their location is shown on the attached map.
The key element of the farm-in will be the application of the FalconTM airborne gravity gradiometer system which has already discovered a number of diamond pipes in various parts of the world.
The five project areas McArthur, Hodgson, Camooweal, Arnhem and Victoria River have returned abundant micro-diamonds and significant macro-diamonds in surface sampling. In most cases, the kimberlite source of the diamonds has evaded prior exploration. The FalconTM system will bring a new dimension to exploration in the region and locate new drill targets.
For details........... COMPANY ANNOUNCEMENT
HIGH-GRADE GOLD (TO 1M OF 42.7 G/T AU) IN DRILL HOLES AT ENTERPRISE PROSPECT, LISLE PROJECT - TASMANIA
Drill assay results have confirmed the existence of high-grade gold zones (ore shoots) to 4m of 12.8 g/t Au, within each of two closely associated, sub-parallel, stacked, moderately westerly dipping, north striking quartz veins over a strike length of ~400m that are located within an extensive gold mineralized structural zone associated with an aeromagnetic high in granites.
The main gold mineralized structural zone and associated individual quartz veins are still open along strike north and south and also down-dip. The system is interpreted to host at least six gold bearing quartz veins and the areas resource potential is currently being re-evaluated on the basis of these results. Additional drilling is strongly warranted and will be initiated when a diamond drilling rig is mobilised to site, probably in early September.
The geochemical signature and structural controls on the gold mineralisation are very similar to those of world class granite hosted gold ore bodies in the Yukon/Alaska and TasGold are systematically exploring the Lisle / Lone Star Project area (EL 2/92 & EL 41/02) for these very large types of deposits.
The southern end of the >1,000m long and up to 200m wide B/C horizon soil geochemical anomaly at Enterprise/Gold Crest was tested with 8 RC drill holes for a total of 541m, with the program designed to intersect the Main Vein at ~60m below surface to first pass evaluate the prospects gold resource potential. Six of the eight holes reached target depth (the Main Vein) and all returned intercepts of >1.0 g/t Au, as noted in the table below. A total of four holes have now documented intercepts of >10.0 g/t gold at the Enterprise Prospect.
For details........... COMPANY ANNOUNCEMENT
Drilling Report - Rash Barrett A No.2 Red Creek Oklahoma
The Rash Barrett 'A' #2 well has reached a depth of 2421 feet as at 24 July (Oklahoma time); target depth is 2600 feet... . For details - Announcement
Progress Report: Yesiltepe-1 Well
Drilling at 0500 hours Perth time25 July had reached a depth of 1,049 metres. Several low order gas anomalies, up to a maximum of 0.39% total gas, were recorded associated with sandstones....For details - Announcement
Results - June 2003 Year End Programme....For details - Announcement
Fourth Quarter Activities & Cashflow Report....For details - Announcement
Extension of Drummond Basin Acquisition & Prospectus Closing Date...For details - Announcement
Acquisition of Yarrabee Coal Company Pty Ltd....For details - Announcement
Fourth Quarter Cashflow Report....For details - Announcement
Completion of commissioning phase of the Mt Norma copper sulphate plt....For details - Announcement
Fourth Quarter Activities & Cashflow Report....For details - Announcement
Appendix 3B - New Issue....For details - Announcement
Drilling Report: Moana#1, Cooper-Eromanga Basin, SA
As at 0600 hours on 25 July the well was at 1889 metres. . For details - Announcement
BHP Billiton Accelerates Expansion of Western Australian Iron Ore Business
BHP Billiton today announced that it would be accelerating the development of its Western Australian iron ore
expansion projects, to ensure a system capacity of 100 million tonnes per annum (Mtpa) by the end of the
second quarter of CY2004.....For details - Announcement
Gloucester Ruby Project - Agreementt with Consolidated Press Holdingss. . For details - Announcement
Plaints have been lodged on its Musgrave Tenements 69/1384 & 69/1385; the company will defend the Plaints....
Fourth Quarter Activities Report.. . For details - Announcement
Exploration Licence 4705 granted.. . For details - Announcement
Removal of Company from External Administration.. . For details - Announcement
Offers Closed fully subscribed.. . For details - Announcement
Fourth Quarter Activities Report.. . For details - Announcement
Long Nickel Mine - New 11-12 Level Nickel Ore Surface.. . For details - Announcement
Fourth Quarter Activities & Cashflow Report.. . For details - Announcement
Gleneagles Exercises Option -Wallbrook Drilling Commencement. . For details - Announcement
Fourth Quarter Activities & Cashflow Report.. . For details - Announcement
Fourth Quarter Activities & Cashflow Report.. . For details - Announcement
Skardon River Kaolin - Sales Progress & Product Development Report - July.. . For details - Announcement
Mungi 10 CBM well (Coal Bed Methane) spudded at the Mungi Development Program.. . For details - Announcement
Presentation to JB Were Resources Conference - "The Three Pillars" - Progression to a stable operating resource business. . For details - Announcement
Second Quarter Cashflow Report/Change of Director's Interest.. . For details - Announcement
Second Quarter Cashflow Report.. . For details - Announcement
African Acreage Update.. . For details - Announcement
Fourth Quarter Activities Report.. . For details - Announcement
Activity Update.. . For details - Announcement
RFC Research Report on Sally Malay Mining Limited.
RFC states that the stock is trading at a 39% discount to their base case NAV per share valuation of $0.53/share, with an upside valuation of +$0.80/share... . For details - Announcement
Weekly Drillingf Report.. . For details - Announcement
Second Quarter Cashflow Report.. . For details - Announcement
Shareholder Report. . For details - Announcement
JUNE QUARTERLY REPORT - HIGHLIGHTS
Diamond drilling at the Sand George Prospect has confirmed continuity of
the narrow vein, high grade mineralization in the SG 1 Lode over a strike
length of approximately 225m and the SG 2 Lode, below the SG 1 Lode,
over a strike length of approximately 150m.
The SG 1 and SG 2 Lodes have a total Indicated Mineral Resource of
138,000 tonnes at 14.4 g/t Au (2 g/t Au cut-off) for 63,900 ounces of
contained gold.
Deep drilling has intersected two new lode positions (SG 4 and SG 5
Lodes) with high-grade intersections including 0.6m @ 104.9 g/t Au in SG
4 Lode and 1.0m @ 40.8 g/t Au in SG 5 Lode.
A new high grade lode (1m @ 15 g/t Au) and indications of a second new
lode have been intersected below the No.6 Level of the old Sand Queen
workings in the same stratigraphic and structural positions as the SG 1
and SG 2 Lodes at Sand George.
A zone of high-grade mineralization at Sand Queen South, between Nos.1
and 3 Levels, contains an Indicated Mineral Resource of 6,500 tonnes at
19.8 g/t (2 g/t Au cut-off) for 4,100 ounces of contained gold.
An extensive flat-lying to gently west-dipping thrust zone with zones of
massive quartz at the Sand Prince West prospect has potential to host a
significant, shallow low-grade resource.
A new geological understanding of the geological characteristics of the
Sand Queen and Sand George Lodes has enhanced the potential for the
discovery of additional lodes between these two locations, as well as to
the north of the Sand Queen mine and to the south of the Sand George
prospect.
....For details - Announcement
Second Quarter Activities & Cashflow Report....For details - Announcement
Overston & Tardrum Gas Discoveries Appraisal&Prod Testing Program....For details - Announcement
Second Quarter Activities & Cashflow Report....For details - Announcement
Second Quarter Activities & Cashflow Report....For details - Announcement
WOODSIDE PETROLEUM
Presentation to JB Were Resources Conference - "A Growth Company" .
All Ords
3073.0
Dow Jones
9112.51
ASX100
2521.2
+4.0
S&P 500
981.60
ASX200
3090.7
Nasdaq
1701.42
ASX300
3090.2
Gold - spot/oz
US$361.90
Materials (GIC)
4466.6
Silver - spot/oz
US$5.09
AGC Macquarie Au
2047.6
Platinum - spot
US$698.00
AGC Explorers Au
3802.8
+46.0
Palladium - spot
US$167.00
Energy (GIC)
4364.6
Bridge CRB Futures Index
232.63
FTSE 100
4149.60
Crude Oil (NYMEX)
US$30.03
+0.54
Nikkei
9615.34
+129.3
Copper (LME - spot $US/tonne)
1705
Hang Seng
9900.56
Lead (LME - spot $US/tonne)
517
A$ = US66.42c
Zinc (LME - spot $US/tonne)
846
A$ = 79.15yen
Nickel (LME - spot $US/tonne)
8765
A$ = 0.579euro
Aluminium (LME - spot $US/tonne)
1441
US 30-Year Bond
4.167
Tin (LME - spot $US/tonne)
4755
Live Quotes & Charts - Australia
Thursday 24 July, 2003
Enclosed is an appendix 3Y notice advising of a change in the relevant interest in securities of the Company held by director Mr J Landerer arising from on-market purchases of shares in Goldsearch Limited by an associate. For details........... COMPANY ANNOUNCEMENT
During the June quarter our efforts were concentrated on the Gippsland Basin with data obtained from the drilling of Bunga Creek No.1, Bunga Creek No. 2 and Patties Pies No.1 wells were evaluated.
For details........... COMPANY ANNOUNCEMENT
1. SUMMARY & COMMENTS
Macmin Silver Ltd (Macmin) is a silver focused company whose primary project is the Texas Silver Project, S.E. Queensland, Australia. Macmin has exposure to gold by way of a 65% equity in New Guinea Gold Corporation (NGG) and a 1% NSR royalty on production by NGG. Macmin's equity will decrease as new financing is arranged for NGG. In addition, Macmin maintains equity investments in junior Australian explorers, Malachite Resources NL and TasGold Ltd.
Macmin's business strategy is to enhance shareholder value by way of:
The Texas Silver Project has in-ground resources of 44.5Moz of silver equivalent, with a very substantial district potential, based on drill hole, geochemical and geophysical results, yet to be evaluated.
1.1 Highlights from the Quarter
1.1.1 Texas Silver Project
Macmin maintained an aggressive exploration programme during the quarter at the Texas Silver Project. Drilling, ground geophysics and geochemical surveys continued to confirm and expand the prospectivity of the project area.
1.1.2New Guinea Gold Corporation
1.2 Comment
The preferred silver price prior to development of the Twin Hills Silver Mine was previously quoted as US $5 per ounce of silver. With the recent appreciation in the $AUD it is now considered more appropriate to quote the preferred price in Australian dollars rather than US dollars.
The initial feasibility study on the higher-grade parts of the Twin Hills orebody indicated the cash cost of production was approximately AUD$5.50 per ounce of silver. However, with the increase in reserves and resources, high grading (i.e: the original Phase 1 pit envisaged mining only the higher grade parts of the orebody) of the silver mineralisation at Texas is considered undesirable. Higher silver prices would "unlock" further reserves for development and substantially extend the life of mining in the district. Higher silver prices would also enable the initial project capital to be raised on more favourable terms to the company.
The company continues to believe that much higher silver prices are likely in the near future, and thus shareholder value of the silver resources at Texas will be enhanced if mine development is delayed until the expected upward movement in silver prices has commenced.
The company's share price has weakened over the past quarter as the $AUD silver price has substantially weakened. Exploration successes have partially modified this price weakness, but for the forseeable future the Macmin Silver share price is likely to be mainly influenced by rises or falls (or expected rises and falls by investors) in the silver price.
For details........... COMPANY ANNOUNCEMENT
Queensland Gas Company Ltd today secured an $8 million facility with US-based investment fund Cornell Capital Partners Offshore LP.
The equity line facility provides a further source of funding for QGCs ongoing development of coalbed methane activities in the Surat Basin.
QGCs Managing Director Richard Cottee said this assured, and competitively-priced source of funding provides the company with the financial strength to achieve the commercialisation of its vast resource.
Our plan is to develop four petajoules of new gas sales each year from 2007 by aggressively pursuing new customers. This additional funding gives us the financial wherewithal to compete for new contracts, he said.
Alumina Limited has released to the ASX its half year results for the six months ended 30 June 2003.
John Marlay, Chief Executive Officer, and Bob Davies, Chief Financial Officer, will present the Company's performance to the market via a teleconference at 1.30pm (AEST) and also at 10.00pm (AEST) to accommodate US and European investors.....For details - Announcement
JUNE QUARTERLY REPORT
....For details - Announcement
Drilling resumed Wednesday evening at 822 metres and by 0500 hours Perth time this morning had reached a depth of 899 metres. Several low order gas anomalies, up to a maximum of 0.5% total gas, were recorded associated with sandstones....For details - Announcement
Second Quarter Activities & Cashflow Report - For details - Announcement
ARC ENERGY
Hovea 8 Weekly Progress Report
Hovea 8 - since spud has drilled to 583 metres then run 340mm casing to 576 metres.....For details - Announcement
ARGOSY MINERALS
Argosy Proceeds to Phase Three Dilling at Albetros ahead of bulk sampling a major Palaeo river systems....For details - Announcement
BEACH PETROLEUM / GREAT ARTESIAN OIL & GAS
Drilling Report: Moana#1, Cooper-Eromanga Basin, SA
As at 0600 hours on 24 July the well was at 1498 metres. . For details - Announcement
BHP BILLITON
Quarterly Report on Exploration & Development Activities....For details - Announcement
ELKEDRA DIAMONDS
Elkedra Diamonds advises that a RC drilling program will commence on 31 July, 2003. The program will
target 7 of the most prospective anomalies identified from a combination of aeromagnetics, geochemistry,
and indicator mineral data, and covers the following range of targets commencing in the south east and
progressing to the north western margin of the Altjawarra Craton... . For details - Announcement
ENERGY RESOURCES OF AUSTRALIA
Resignation of Director
Barry Cusack has tendered his resignation - For details - Announcement
Director Appointment/Resignation
Andrew Harding has tendered his resignation; Andrew Kite has been appointe a Director - For details - Announcement
Half Year Results 2003 - For details - Announcement
Half Year Accounts - For details - Announcement
INTERMIN RESOURCES
Daily Share Buy-Back Notices - For details - Announcement
INTERNATIONAL GOLDFIELDS (FORMERLY HAMILL RESOURCES)
Further Promising Drill Results - Evanston.. . For details - Announcement
MATRIX METALS
SG Australia Ltd funds Matrix to complete White Range Project.. . For details - Announcement
MINCOR RESOURCES
Acquire Widgiemooltha Tenements from St Ives Gold Mining Co.. . For details - Announcement
MOSAIC OIL
Enthusiastic on Kimu Gas/Methanol
Mosaic welcomes the initiative of Oil Search to look at options for commercialising the Kimu Field - For details - Announcement
OIL SEARCH
Signs Agreement to Study Methanol Development with Mitsubishi Gas Chemical Co & Itochu Sorp of Japan into the potential use of domestic gas for methanol manufacturing in PNG - For details - Announcement
OIL SEARCH
Drilling Report July 24 (NW Moran) - casing was set...- For details - Announcement
PLACER DOME
Placer Dome Inc. (NYSE, TSX, ASX: PDG) today declared a semi-annual dividend of $0.05 per common share, payable on September 22, 2003, to shareholders of record at the close of business on August 22, 2003....
Placer Dome Inc. (NYSE, TSX, ASX: PDG) and its Australian subsidiary Placer Dome Asia Pacific Limited have received approval from the Australian Foreign Investment Review Board and have completed the acquisition of 100% of the shares, on a fully diluted basis, of East African Gold Mines Limited (EAGM), an Australian unlisted public company, for $252.4 million.
For Placer Dome, the acquisition adds over 200,000 ounces of low-cost gold production per year and measured and indicated resources, including reserves, of 4.25 million ounces(1).
The acquisition is comprised of the North Mara mine in Tanzania, which consists of two open pit mining operations, a processing plant, a third undeveloped deposit, and additional prospective exploration lands within the North Mara region.
- For details - Announcement
RIO TINTO
Second Quarter Activities Report
Production Report for the Quarter Ended 30 June 2003
* Iron ore production in the second quarter of 2003 was 19 per cent above the second
quarter of 2002 driven by strong demand from key markets. Shipments from
Hamersley were six per cent above the second quarter of 2002 and port congestion is
likely to remain an issue while demand remains strong. Shipments of West Angelas
ore continue to firm reflecting widespread market acceptance and a growing customer
base.
* Rio Tintos share of aluminium production, including its additional share of Boyne
Island that was purchased in July 2002, was two per cent above the second quarter of
2002. Production at Tiwai Point continued to be constrained by higher spot power prices
in New Zealand and production from Boyne Island was affected by anode quality
issues. Production of alumina was in line with the second quarter of 2002.
* Production from the Australian and Indonesian coal operations was four per cent
below the second quarter of 2002. Coal & Allied shut down for an extended period over
Easter to reduce coal inventory levels caused by poor export market conditions.
* Production of US coal was four per cent above the second quarter of 2002. Production
and train availability were affected by unusually heavy rainfall in the second quarter of
2003.
* Mined copper production was slightly above the second quarter of 2002. Increased
production from Escondida following the commissioning of the new Laguna Seca
concentrator offset the effect of the disposal of Rio Tintos 25 per cent interest in the
Alumbrera mine which was completed in March 2003.
* Mined gold production was three per cent above the second quarter of 2002. Higher
grades at Grasberg more than offset lower grades at Kennecott Utah Copper and the
sale of Peak and Alumbrera. Molybdenum and silver grades at Kennecott Utah Copper
were also significantly lower.
* Refined copper production was down 36 per cent and refined gold production was less
than half that of the second quarter of 2002. The failure at the Kennecott Utah Copper
acid plant reported in the first quarter led to anode shortages in the second quarter
which significantly affected refinery production.
* Production of industrial minerals reflected market demand. Titanium dioxide
production continues to be managed in line with market demand with both QIT and
RBM operating below capacity. Borates production was marginally higher than in the
previous quarter.
For details - Announcement
SYDNEY GAS LTD
Response to ASX Share Price Query - For details - Announcement
Convertible Note Issue - For details - Announcement
North West Shelf Ships 1500th LNG Cargo to Japan
The 1500th LNG cargo from the North West Shelf Venture to its Japanese
customers sets sail today from Withnell Bay near Karratha in Western
Australia.
The cargo will be delivered to Osaka Gas and Kansai Electric, two of the
Ventures existing Japanese customers, on board the Northwest Sandpiper,
under the command of Captain Geoffrey Herbert.
The Ventures Chief Executive Officer, Steve Ollerearnshaw, said the cargo
was a key milestone for the Venture and a demonstration of the projects
excellent reputation as a reliable producer and supplier of LNG.
.....For details - Announcement
JUNE QUARTERLY REPORT
REVIEW OF PRODUCTION FOR THE QUARTER
North West Shelf
Domestic Gas: production was above expectation with a new quarterly record of 608 TJ per day (Woodside share 304 TJ per day) due to high customer demand.
LNG: production was above expectation at 22,317 tonnes per day (Woodside share 3,720 tonnes per day) due to high market demand and reliable system operation.
Condensate: production was as expected at 114,275 bbl per day (Woodside share 27,914 bbl per day).
Cossack Pioneer Oil: production was above expectation at 105,024 bbl per day (Woodside share 17,504 bbl per day) due to continued good reservoir performance.
LPG: production was below expectation at 2,152 tonnes per day (Woodside share 359 tonnes per day) due to production constraints at high total gas demand.
Laminaria and Corallina
Average production was above expectation at 50,764 bbl per day (Woodside share 24,650 bbl per day) due to high facility uptime. The daily rate at the end of the quarter was 49,018 bbl per day.
Legendre
Second quarter production was 13% below expectation at 22,836 bbl per day (Woodside share 10,491 bbl per day) as a result of planned production restrictions associated with the early June completion of a successful new horizontal development well (Legendre North-4H).
As at 30 June production from the Legendre fields was averaging 44,000 bbl per day (Woodside share 20,214 bbl per day) as a result of positive contributions from both the new well and improved compressor performance.
.....For details - Announcement
All Ords
3068.1
Dow Jones
9194.24
ASX100
2517.2
+16.2
S&P 500
988.61
ASX200
3085.5
Nasdaq
1719.18
ASX300
3084.8
Gold - spot/oz
US$358.70
Materials (GIC)
4411.0
Silver - spot/oz
US$5.06
AGC Macquarie Au
2005.3
Platinum - spot
US$694.00
AGC Explorers Au
3756.8
+3.0
Palladium - spot
US$166.00
Energy (GIC)
4360.8
Bridge CRB Futures Index
231.67
FTSE 100
4086.50
Crude Oil (NYMEX)
US$29.49
-1.34
Nikkei
9615.34
+129.3
Copper (LME - spot $US/tonne)
1696
Hang Seng
9900.56
Lead (LME - spot $US/tonne)
511
A$ = US66.01c
Zinc (LME - spot $US/tonne)
842
A$ = 78.46yen
Nickel (LME - spot $US/tonne)
8775
A$ = 0.575euro
Aluminium (LME - spot $US/tonne)
1423
US 30-Year Bond
4.102
Tin (LME - spot $US/tonne)
4695
Live Quotes & Charts - Australia
Wednesday 23 July, 2003
QUARTERLY REPORT
FOR THE PERIOD ENDING 30 JUNE 2003
CURRENT PROJECTS & HIGHLIGHTS
|
For details........... COMPANY REPORT
ALKANE EXPLORATION
Second Quarter Activities Report - Preview:
PEAK HILL GOLD MINE
Quarter gold production was in excess of budget at 1,615 ounces
Quarter cash costs of A$261 per ounce with revenue of A$545 per ounce
DUBBO ZIRCONIA PROJECT
Discussions close to finalisation of development joint venture
TOMINGLEY GOLD PROJECT
Resource definition drilling nearing completion at Wyoming (17,925m completed)
Better Wyoming One results:
120m @ 3.85g/t Au in WY478 including 12m @ 21.20g/t Au
99m @ 4.30g/t Au in WY497 including 6m @ 18.20g/t Au
72m @ 3.76g/t Au in WY505 including 15m @ 11.92g/t Au
21m @ 8.63g/t Au in WY543 including 6m @ 24.30g/t Au
54m @ 3.00g/t Au in WY544 including 30m @ 5.02g/t Au
Better Wyoming Three results:
21m @ 5.40g/t Au in WY517 including 9m @ 7.62g/t Au
21m @ 3.57g/t Au in WY524 including 9m @ 5.18g/t Au
EXPLORATION
Reconnaissance Drill Results from Moorilda
21m @ 1.62g/t Au in KP001 including 9m @ 2.19g/t Au
12m @ 1.83g/t Au in KP003
11m @ 1.26g/t Au in KP005 including 3m @ 3.29g/t Au
For details - Announcement
Alumina Limited
Half Year Results
Alumina Limited will release its results for the half year ending 30 June 2003 on Thursday, 24 July 2003.. .. For details - Announcement
AMADEUS ENERGY
The Rash Barrett 'A' #2 well has been spudded; target depth is 2600 feet... . For details - Announcement
AMITY OIL
Yesiltepe-1 Well - Wireline logs show good geological correlation between Yesiltepe-1 and nearby old wells, Ada-1 and Muttalip-1. Both old wells had strong gas shows and Muttalip had gas flows to surface from the Lower Kizildere Formation.
The equivalent section in Yesiltepe-1 is anticipated to be drilled from about 1,000 metres to proposed total depth of 2,000 metres.
At 0500 hours Perth time this morning, the drill string was running into the hole to drill out cement at the casing shoe, prior to drilling ahead towards the target section....For details - Announcement
BEACH PETROLEUM / GREAT ARTESIAN OIL & GAS
Drilling Report: Moana#1, Cooper-Eromanga Basin, SA
As at 0600 hours on 23 July the well was at 978 metres. . For details - Announcement
BOUGAINVILLE COPPER
Second Quarter Activities Report - No production since 15 may 1989.. For details - Announcement
ELLENDALE RESOURCES / CALDERA RESOURCES
Mt Sarah Update
Two drillholes confirm extensive hydrothermal carbonate alteration zone.. For details - Announcement
INDEPENDENCE GOLD
Kambalda Nickel Royalty Agreement
Terms have been agreed with Gold Fields Ltd to explore for and mine nickel at depth on a contiguous tenement south along strike from the Long Nickel Mine.. For details - Announcement
MONTO MINERALS
Goondicum Project Update.. For details - Announcement
PERILYA MINES
Fortnum Project - Exercise of Option & Concentrate Supply Terms - Pasminco Group
Gleneagle Gold has formerly exercised the option to purchase the Fortnum Gold Project.
Perilya has finalised terms with Pasminco for the suppply of Broken Hill concentrates.. For details - Announcement
STRIKER RESOURCES
4.8 carat diamond SEPPELT 2 Infill sample
Processing of kimberlite infill material from the Seppelt 2 pipe has recovered a 4.8 carat gem quality diamond.. For details - Announcement
VIEW RESOURCES
View Grows Carnilya Hill Sulphide Resource by 130%.. For details - Announcement
ZIMPLATS
Resignation of Director
Glen Povey has tendered his resignation.. For details - Announcement
All Ords
3048.5
Dow Jones
9158.45
ASX100
2501.0
-18.7
S&P 500
988.11
ASX200
3066.5
Nasdaq
1706.10
ASX300
3065.8
Gold - spot/oz
US$350.50
Materials (GIC)
4356.8
Silver - spot/oz
US$4.77
AGC Macquarie Au
1989.4
Platinum - spot
US$689.00
AGC Explorers Au
3753.8
na
Palladium - spot
US$164.00
Energy (GIC)
4374.2
Bridge CRB Futures Index
230.61
FTSE 100
4079.70
Crude Oil (NYMEX)
US$29.49
-1.34
Nikkei
9485.97
-41.76
Copper (LME - spot $US/tonne)
1706
Hang Seng
10,008.7
Lead (LME - spot $US/tonne)
530
A$ = US65.06c
Zinc (LME - spot $US/tonne)
839
A$ = 77.46yen
Nickel (LME - spot $US/tonne)
8735
A$ = 0.575euro
Aluminium (LME - spot $US/tonne)
1430
US 30-Year Bond
4.150
Tin (LME - spot $US/tonne)
4705
Live Quotes & Charts - Australia
Tuesday, July 22 2003
Macarthur Coal Coppabella Moorvale
Highlights
For details........... COMPANY REPORT
HIGHLIGHTS - JUNE QUARTERLY REPORTGIDGEE GOLD PROJECT The company completed two programs of rotary airblast drilling during the quarter. The first in April comprised of 3,273 metres for 74 holes and tested targets within the Airport gold trend, the regional shear that hosts the Hypotenuse gold-arsenic anomaly and the Victory Creek prospect. Results continue to be encouraging and include:
A second rotary airblast-drilling program completed in late June comprised of 4,425 metres for 111 holes. Holes tested targets within the Airport gold trend and several targets at Barrelmaker and Crater. Results are expected shortly and will be reported as they come to hand. A detailed interpretation of low level airborne magnetics covering Montague was completed outlining up to 22 drilling targets. Results highlight the northwest trending Airport gold trend, up to seven untested targets at Victory Creek, and the northwest trending shear zone over 5 kilometres that hosts the Hypotenuse prospect. COWRA PROJECT The company recently announced a Farm-In and Joint Venture Agreement with Straits Resources Limited at its Cowra Project. Under the agreement, Straits has the option to earn 70% interest in the project by spending $2m on exploration.
|
For details........... COMPANY REPORT
Yesiltepe-1 Well
Operations continued to prepare the well for drilling in 8.5 inch diameter
hole.
At 0500 hours Perth time this morning, a wireline cement bond log tool was
running into the hole.
Drilling of new hole is expected to commence Wednesday.
ALSO, A Powerpoint Presentation. . For details - Announcement
Further Sherlock Bay Nickel Project Drilling Results - has outlined a continuous zone of nickel mineralisation over a strike length of 500m and to a depth of at least 200m.. . For details - Announcement
COAL & ALLIED
2003 HALF YEAR RESULTS - SUMMARY
.. . For details - Announcement
INTERNATIONAL GOLDFIELDS (FORMERLY HAMILL RESOURCES)
Change of ASX Code to IGL.. . For details - Announcement
OXIANA RESOURCES
JUNE QUARTERLY REPORT - SUMMARY
GOLD Sepon Mine (80% Oxiana, 20% Rio Tinto)
The mining operation performed well above capacity in the second quarter.
A reline of the mill was completed ahead of schedule resulting in lower than planed gold production and a slightly higher cash operating cost.
Milled grade continued to be above original reserve estimates.
Successful resource infill and extension drilling programs were completed with the continuing trend to higher gold grades in all deposits.
Drilling continued to identify additional resource potential at all near-mine prospects.
COPPER Khanong Project (80% Oxiana, 20% Rio Tinto)
The Khanong Copper Project at Sepon remains on schedule to commence first copper production in 2005.
Work by the Khanong Development Group (KDG) focused on front-end engineering and award of contracts for long-lead items.
Bank due diligence commenced.
Development drilling at the western high grade zone was completed.
EXPLORATION
Eastern Mediterranean Minerals (EMM, Oxiana 60%) intersected massive sulphide hosted polymetallic (Cu-Zn-Au) mineralisation at the Kallekhades prospect in Cyprus.
Oxiana Philippines continued to build its exploration portfolio with the grant of the prospective Pao exploration permit located to the south of the Didipio porphyry copper gold deposit.
Generative exploration programs throughout Laos, Thailand and south-western China for projects with multi-million ounce gold and/or high grade copper potential continued.
.. . For details - Announcement
SANTOS / ORIGIN ENERGY / OIL COMPANY OF AUSTRALIA
Cooper Basin Producers Win Expanded Pasminco Contract
The consortium has signed a new gas contract with Pasminco Century Mine Ltd for Cooper Basin gas.. . For details - Announcement
RANGE RIVER GOLD
RC Drilling has commenced at Nackara Arc Project Sth Aust.. . For details - Announcement
SALLY MALAY MINING
Life-of-Mine Offtake & US$5M Financing Agreements Signed.. . For details - Announcement
JUNE QUARTERLY REPORT - SUMMARY
PARABURDOO GOLD PROJECT
Record production of 26,507 ounces of gold at a cash cost of A$291/oz at an average
sale price of A$581.
Production from the Waugh Open Pit has continued at a very high grade. Processed ore
attributed to Waugh totalled 42,700 tonnes @ 16.6g/t for the Quarter.
Higher than anticipated gold recoveries of 94.4% were achieved through the mill.
An exploration target analogous to the Waugh Deposit has been identified on the
southern limb of the Diligence Dome. The Prospect has been named Astroboy.
Extensive programs of resource development and exploration drilling were progressed
during the Quarter. This work has identified a series of positions that will now move into
a phase of resource estimation and optimisation.
EXPLORATION
The FalconTM gravity survey covering about half of Sipas Broken Hill Projects has been
completed. Gravity Capital (GCAP) has nominated 12 target areas for follow-up (the
maximum number permissible).
A Joint Venture Agreement has been entered into whereby Sipa may earn a 70% interest
in the nickel-copper-PGE-base metal rights over 30 square kilometres of Austminex
NLs Coolgardie Nickel Project.
A Farm-in Agreement has been reached with AusQuest Limited to explore for Norilsk
style Ni-Cu-PGE mineralization in the Officer Basin, WA. Sipa may earn a 70% interest
in this project.
CORPORATE
The first instalment of two (2) cents per share relating to the proposed Return of Capital
had a record date of 30 May 2003 with payment made in June 2003.
.. . For details - Announcement
SUN RESOURCES
JUNE QUARTERLY REPORT -HIGHLIGHTS
Carnarvon Basin, WA
USA
New Caledonia
. . For details - Announcement
TITAN RESOURCES
JUNE QUARTERLY REPORT -HIGHLIGHTS
.. . For details - Announcement
TRIAKO RESOURCES
JUNE QUARTERLY REPORT -HIGHLIGHTS
.. . For details - Announcement
All Ords
3070.6
Dow Jones
9096.69
ASX100
2519.7
+4.2
S&P 500
978.80
ASX200
3089.0
Nasdaq
1681.41
ASX300
3088.1
Gold - spot/oz
US$351.10
Materials (GIC)
4383.8
Silver - spot/oz
US$4.71
AGC Macquarie Au
1993.0
Platinum - spot
US$686.00
AGC Explorers Au
3753.8
+31.5
Palladium - spot
US$166.00
Energy (GIC)
4403.6
Bridge CRB Futures Index
233.29
FTSE 100
4044.30
Crude Oil (NYMEX)
US$30.83
-0.20
Nikkei
9527.73
closed
Copper (LME - spot $US/tonne)
1723
Hang Seng
10,102.8
Lead (LME - spot $US/tonne)
536
A$ = US65.10c
Zinc (LME - spot $US/tonne)
835
A$ = 77.22yen
Nickel (LME - spot $US/tonne)
8800
A$ = 0.574euro
Aluminium (LME - spot $US/tonne)
1438
US 30-Year Bond
4.174
Tin (LME - spot $US/tonne)
4700
Live Quotes & Charts - Australia
Monday, July 21 2003
HIGHLIGHTS - JUNE QUARTERLY REPORT
For details........... COMPANY REPORT
The directors of Goldsearch Limited are pleased to inform shareholders of current activity in the Companys joint venture areas in the Musgrave Block, Central Australia. The work is being carried out by our joint venture partner Independence Gold NL ( Independence ) in both the Northern Territory and South Australian tenements where it is earning a 51% interest in Goldsearch Limiteds equity in the areas. It is gratifying for your Company to finally have action on the ground in these regions after 8 years of waiting. The Central Land Council has completed its appraisal of another two major Northern Territory tenements to which we expect to gain entry in coming months. Independence now has access to areas of interest in both the Northern Territory and South Australia that will allow it to conduct concentrated exploration under the joint venture agreement with the Company.
Northern Territory ELs 5702, 9443 and 9407 - results expected in three weeks
(Lasseter Highway, Docker River region)
Following an initial reconnaissance field program and orientation geochemistry, first-pass -75 micron soil and magnetic lag sampling is currently underway over targeted areas in the above tenements. Wide-spaced sampling on 2 kilometre by 500 metre and 4 kilometre by 500 metre grids is scheduled for completion this week with results expected in three weeks.
South Australia EL2910 (De Rose Hill) four areas of interest identified
This tenement is approximately 65 kilometres south of the Northern Territory/ South Australian border and straddles the Stuart Highway. A program of wide-spaced geochemical sampling has been completed over the western parts of the lease area.
Results have been returned for the first pass -75 micron soil and magnetic sampling program completed in April 2003 over western areas of the tenement.
Two samples were taken from each of 267 sites on grids ranging in size from 500 metre by 500 metre to 2 kilometre by 500 metre using Independences proprietary sampling techniques. Their combination of sampling techniques and analysis are considered to provide optimum geochemical coverage not only for nickel sulphide targets but also targets on mesothermal gold deposits and Broken Hill type lead and zinc models.
The sampling was targeted to cover a broad area identified as having elevated cobalt, nickel and copper geochemistry based on open file 200 micron soil sampling data generated in the early 1970s. Airborne magnetics were also used to help target the geochemical and magnetic features with signatures potentially associated with mafic/ ultramafic intrusives.
The sampling highlighted four areas for follow-up based on subdued but coherent nickel, cobalt, copper, gold and platinum group metal anomalies highlighted in the widely spaced first-pass program. These targets all occur in areas of significant transported cover and it is reasonable to expect that any geochemical signature potentially associated with buried mineralisation may be subdued.
SHAREHOLDER UPDATE
LAKES TO GO OFFSHORE GIPPSLAND BASIN
Lakes Oil N.L. (LKO) has concluded a farm-in to VIC/P47 offshore Bass Strait, Victoria. Lakes can earn 77% of a defined portion of the permit (see map) by drilling a well and completing 200 kilometres of 2D seismic. The well is to be drilled by December 2004.
As a result of an airborne gravity and magnetic survey over a portion of VIC/P47 our technical consultant has mapped a seismically defined structure, to be named Gilbert which could contain up to 54 mmbbls of oil in place should oil be present and up to 26 bcf of gas in place should gas be present.
Gilbert is located immediately to the north of the Patricia Baleen Fields which have recently been brought on stream. The gas pipeline crosses the Gilbert structure on its way to a new processing plant located in the Orbost area.
The airborne survey included coverage of the nearby Patricia Baleen Field as a means of calibration (with permission of the permit holder OMV). The technical data clearly defines the Patricia Baleen Field, and although we believe it has significant implications for our Gilbert structure it does not confirm or deny the presence of hydrocarbons in that structure. We are excited by our first venture offshore Victoria. This move is in keeping with our aim to have the majority of our exposure in Victoria, which we see as the centre for Eastern Australias energy markets.
Lakes has engaged Mr. Hugh Rutter to analyse the results of its airborne magnetic and gravity survey, with early analysis resulting in some very interesting findings. Lakes will now take a renewed interest in the eastern section of PEP 155 onshore Gippsland. Conclusions from the survey have indicated the possibility of hydrocarbon migration onshore Gippsland, east of Lakes Entrance.
Lakes will now carry out an onshore based gravity survey in the Marlo area and will apply to the Department of Primary Industries to drill several stratigraphic core holes. This will give us some idea of structure and potential for reservoir.
........... COMPANY ANNOUNCEMENT
LATEST PHOTOS FROM MOORVALE
MOORVALE PROJECT PROGRESS........... PHOTOS
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
The company is pleased to announce the appointment of Mr Martin Ackland as a non-executive director effective immediately.
Martin Ackland (57 years) has spent over thirty years in the resources industry in a variety of roles that involved the creation of major resource groups from small capital bases. He brings to MDL a very strong background in project development at a time when the companys overseas projects are entering the crucial development phase.
Until July 2003, he was President of Southern Cross Resources Inc., a Toronto-based group that is developing the Honeymoon Uranium Project in South Australia. In addition, from 1995 to 2003, he was Chairman of engineering group Ausenco Limited. Prior to taking up this appointment, he had worked as a consultant to several North American and Australian companies on major mineral sands developments.
........... COMPANY ANNOUNCEMENT
SYDNEY GAS
Allotment of June 2006 Convertible Notes........... COMPANY ANNOUNCEMENT
AMADEUS ENERGY
The Rash Barrett#2 well has reached a depth of 2,635 feet and is being set in preparation for production.
The next well is expected to commence on Monday 21 July )Oklahoma time). . For details - Announcement
BEACH PETROLEUM / GREAT ARTESIAN OIL & GAS
Drilling Report: Moana#1, Cooper-Eromanga Basin, SA
As at 0600 hours on 21 July the well was at 692 metres. . For details - Announcement
CONSOLIDATED MINERALS / FORTESCUE METAL GROUP
Announcement of a JV to evaluate & develop Cons Min's Mindy Mindy Iron Ore Project in WA. . For details - Announcement
CUE ENERGY RESOURCES / SANTOS
Oyong Gas Sales Agreement Signed.
Santos, Operator for the Sampang PSC offshore East Java, Indonesia, has announced the signing of a Gas Sales Agreement for the sale of the entire gas reserves of the Oyong field . For details - Announcement
DURBAN ROODEPOORT DEEP
NORTH WEST CLOSURE REVIEW
In light of the continued weakness of the gold price in Rand terms and following extensive management actions, DRD is forced to enter into a 60-day review which may impact on the future of its North West Operations.. . For details - Announcement
FORTESCUE METAL GROUP (FORMERLY ALLIED MINE & PROCESSING)
Presentation to shareholders . For details - Announcement
MARKET UPDATE.... For details - Announcement
Progress of drilling operations at Habanero#1 is slower than anticipated, with the well at 4,200m...For details - Announcement
Global Pet seeks new partners to participate in exploration of its Falkland Islands Mineral Licenses.... For details - Announcement
JUNE QUARTERLY REPORT - HIGHLIGHTS
Principal Points
PRODUCTION
Southland Coal produced 548,000 tonnes of run-of-mine coal for the June quarter, bringing
average production to 192,000 tonnes per month since repositioning the longwall to the seam
floor in mid-February. This exceeds current budget of 150,000 tonnes per month. Product yield
has averaged 94%, providing 180,000 tonnes per month of washed saleable coal.
Gympie Eldorado Gold produced 14,486 ounces for the June quarter.
EXPLORATION
Development on the Inglewood Lode in the northernmost of current mine workings is 2.5 metres
wide and grading 8.5 g/t, almost twice the normal grade for Inglewood development ore. This ore
zone will be developed in the next financial year.
Drilling Inglewood North intercepted economic grades 1.2 kilometres north of the mine, including
2.5 metres at 10.7 g/t and 2.4 metres at 11.0 g/t.
Drilling Inglewood South, 300 metres south of the mine, has located near-surface the favourable
productive beds.
MARKETING
Coal sales totalled 479,000 tonnes for the June quarter and 1,261,000 tonnes for 2002-03
financial year. Shipments during the June quarter were constrained by port delays, which delayed
100,000 tonnes of scheduled sales into the 2003-04 financial year.
FINANCE
Cash on hand is $8.4 million and coal stocks and debtors have grown to $29.5 million.
Completed capital raisings of $15 million, repaid borrowings of $8 million and rescheduled bank
facilities.
Gold hedging reduced by 54,100 ounces to 126,000 ounces to provide greater short term upside
to a stronger gold price.
Currency hedging increased to $US57 million of coal revenues hedged at an average $A/$US
rate of $A1.00/$US 0.616.
CORPORATE
25%-owned regional gold explorer D'Aguilar Gold Limited issued a prospectus on 23 June 2003
for a $4 million initial public offering. The $1 million priority allocation to Gympie Gold shareholders
closed oversubscribed on 18 July 2003.
The group's personnel requirements and costs were reviewed during the quarter. Mr Peter Hayes
appointed Chief Operating Officer and Mr Arthur Gillen appointed Chief Financial Officer,
replacing Mr John Leach - retiring Finance Director. Personnel numbers reduced by 60 at Gympie
Eldorado, principally reflecting mine mechanisation and reduced development.
Gympie Gold received this year's Australian Mines Handbook Award from Louthean Publishing for
the best quarterly reporting..... For details - Announcement
UK placing by Oriel Securities to raise approx. A$23.5 million.. . For details - Announcement
Nickel laterite sale & purchase letter agreement.
Heron advises that there has been no pre-emption of its Offers by any of the third parties. Heron and Anaconda will now proceed to complete the Offers.. . For details - Announcement
KIMBERLEY DIAMOND CO
Prospectus - for an offer of 15 million Convertible Notes to raise A$5.25 million.. . For details - Announcement
NOVUS PETROLEUM
NEW GAS SALES AGREEMENT FOR BRANTAS
Novus has signed a 'Principles of GSA' agreement for the delivery of natural gas from the Brantas PSC to PGN, the national gas distributor in Indonesia. The agreement provides for sales of up to 80 mmscfd until the end of 2007 at higher prices than is currently being obtained... . For details - Announcement
OIL SEARCH LTD
Presentation by Peter Botten on acquisition of Chevron Ningini Ltd... . For details - Announcement
ORIGIN ENERGY / ARC ENERGY
Hovea 8 Progress Report, Onshore Perth Basin, WA
Drilling by Arc Energy commenced on 19 July. . For details - Announcement
PAN AUSTRALIAN RESOURCES
A$187 million gold ore reserve likely at Phu Bia.... . For details - Announcement
PASMINCO / CONSOLIDATED BROKEN HILL
SALE OF ELURA MINE GOES UNCONDITIONAL
Pasminco announced the agreement with CBH to sell its Elura mining operation near Cobar and Newcastle ship loader in NSW had entered the unconditional stage.... . For details - Announcement
RIO TINTO
Rio Tinto and BP to sell Kaltim Prima Coal to PT Bumi Resources.... . For details - Announcement
WESTMAG
.... . For details - Announcement
All Ords
3064.9
Dow Jones
9188.15
ASX100
2515.5
-3.9
S&P 500
981.73
ASX200
3083.6
Nasdaq
1708.50
ASX300
3082.6
Gold - spot/oz
US$347.05
Materials (GIC)
4388.9
Silver - spot/oz
US$4.71
AGC Macquarie Au
1992.0
Platinum - spot
US$687.00
AGC Explorers Au
3722.3
+35.1
Palladium - spot
US$166.00
Energy (GIC)
4364.3
Bridge CRB Futures Index
233.67
FTSE 100
4073.20
Crude Oil (NYMEX)
US$31.03
+0.31
Nikkei
9527.73
+28.87
Copper (LME - spot $US/tonne)
1722
Hang Seng
10,140.8
Lead (LME - spot $US/tonne)
516
A$ = US64.69c
Zinc (LME - spot $US/tonne)
830
A$ = 76.71yen
Nickel (LME - spot $US/tonne)
8710
A$ = 0.575euro
Aluminium (LME - spot $US/tonne)
1420
US 30-Year Bond
3.969
Tin (LME - spot $US/tonne)
4665
Live Quotes & Charts - Australia
Friday, July 18 2003
Emerging coalbed methane producer, Queensland Gas Company and electricity generator CS Energy have today completed their farm-in agreement on ATP632P in Queenslands Surat basin. The two parties now each hold a 50% interest in the promising Berwyndale South gas field which QGC has been appraising.
Under the terms of the farm-in agreement, QGC will receive $500,000 today, while CS Energy will fund QGCs share of future expenditure in the project, up to $4.5 million, effective from 1 July 2003.
Operations at the Berwyndale South pilot facility continue to focus on the certification of reserves for the supply of gas to CS Energy under the Gas Agreement announced in December 2002. Supply of gas under the agreement is expected to commence in 2005, although there are plans to deliver gas in 2004 as gas flow rates increase.
Sydney Gas is pleased to provide the following progress report upon its Camden Gas
Project (Project).
STAGE I WELLS (PPL1 AND PPL2)
During June 2003, production from Stage I production wells was strong, and the Ray Beddoe Treatment Plant ran at 99.4% efficiency. Daily gas sales to AGL Wholesale Gas Ltd from the Plant are now consistently within the range of 2,400-2,600 GJ per day, generating on an annualised basis around $3 million in sales revenue. Record gas sales were achieved for the month of June.
Most of this sales gas is being produced from the seven best wells within Stage I all seven wells being within the high production fairway that Sydney Gas has delineated in collaboration with the CSIRO and the School of Petroleum Engineering, The University of New South Wales (SCOPE).
These seven high production wells in Stage I are in the same high production fairway as the next 100 production wells that are being currently drilled and completed.
STAGE II WELLS: DRILLING AND COMPLETION
Substantial progress has been achieved in the drilling and completion of the initial 40 wells within the 100 well programme (despite frequent wet weather over the past six weeks that has made mobilisation of heavy equipment for drilling and fraccing difficult at numerous well sites).
To date, 28 new wells have been drilled within Stage II, including three wells in the Rosalind Park (RP) area being currently drilled to total depth. These wells are spread over an area of 55 km2. Each well site has been deliberately chosen with a view to extend the aerial extent of the Sydney Gas high production fairway at Camden.
........... COMPANY ANNOUNCEMENT
Red Creek Prospect, Oklahome - Drilling Report Rash Barrett#2
Operator Trio Operating Inc has advised that the Rash Barrett#2 has reached a depth of 2,141 feet as at 17 July. . For details - Announcement
Yesiltepe-1 Well
Wireline log interpretation to 822 metres, indicates that the Upper Kizeldere Formation contains a number of high porosity (20% to 25%) sandstones. Five thin zones of non-economic gas saturation occur in separate, generally water filled sandstones, from 635 metres to 822 metres. The best zone is one metre thick, with 48% gas saturation at the top of a 19 metre thick sandstone at 704 metres.. For details - Announcement
Successful Completion of Capital Raising
The Issue has raised A$2.9 Million before expenses.. For details - Announcement
Completion of Riverina Project JV Agreement
A formal JVAgreement has now been completed with Riverina Resources at the Riverina Project.. For details - Announcement
Update on Hunter Specialty Steel Project - Cross Shareholding to Proceed
.. For details - Announcement
Rights Issue Prospectus
The dispatch date has been delayed until 28 July.. For details - Announcement
Quarterly Report - Highlights
.. For details - Announcement
AMP-controlled Equatorial had a stunning victory in the US courts, being awarded US$136.9 million against global engineer Kvaerner.. For details - ASX Announcement
Quarterly Report - Highlights
Hill End Gold had a successful debut on the ASX - its 20c shares closed at 24c.. For details - ASX Announcement
June Quarterly Report
Iluka announced an increase in group production and said the company's net profit for the first half of 2003 should be similar to its 2002 first half pre-tax profit of $35.7 million.. For details - ASX Announcement
Drilling Results - Evanston Project
Final assay results from RC drilling conducted at the King Brown prospect included:
... For details - Announcement
NEW, INDEPENDENT RESOURCE ESTIMATE FOR FAR NORTH ZONE AT TURQUOISE HILL PROJECT IN MONGOLIA.... For details - Announcement
Quarterly Report - Highlights
Rapu Rapu Polymetallic Project, The Philippines
... For details - Announcement
Quarterly Report - Highlights
... For details - Announcement
Quarterly Report - Highlights
Corporate
Koolyanobbing
Cockatoo Island
... For details - Announcement
HIGHLIGHTS - JUNE QUARTERLY REPORT
AUSTRALIA
TIMBER CREEK DIAMOND PROJECT:
· Diamond recovery processing completed using Diatech Method
· Grade of 30 carats per hundred tonne at 8m level in TC 01 kimberlite
· Completion of environmental management plans and other statutory requirements for the continuation of bulk testing.
FLINDERS ISLAND/EYRE PENNINSULA DIAMOND PROJECT:
· 200 hole drill program completed - results expected in the current quarter
· Kimberlitic mineral anomalies identified on mainland Eyre Peninsula
SOUTH AFRICA
DANIEL DIAMOND PROJECT - ALLUVIAL DISCOVERY
Recovery of kimberlitic garnets from Daniel alluvial channel.
· 500t bulk sample to commence in current quarter
· Exploration license application lodged to cover a 3km extension of Daniel alluvial channel
· Acquisition of Dense Media Separation plant (DMS) and an x-ray diamond recovery unit.
DANIEL DIAMOND PROJECT " FALCON " TARGET DRILLING
· Drilling continued at two of the six exploration areas.
· Further drilling will continue as land access to selected targets is secured
PERDEVLEI DIAMOND PROJECT:
· Verification of grade to be conducted in current quarter
KAREEVLEI WES DIAMOND PROJECT:
· Completion of drill programs on two kimberlite pipes.
· Processing of two 350t bulk samples commenced - results expected during current quarter
CORPORATE
· 12,118,262 options exercised raising $6,059,131.
· New pro-rata 1 for 2 free option offer.
For details - Company Announcement
King of Creation Extended JV
WA Metal's subsidiary Bronzewing Gold has entered into a JV with Heron Resources to explore and develop resources on EL's 38/1368 and 38/1375 located 55km north of Laverton in WA.... For details - Announcement
DRILLING TO COMMENCE AT THE PLUMRIDGE PROJECT
The board is pleased to report that Placer Dome has now received access approvals for most tenements covering the Plumridge intrusive complex. Drilling is expected to start next week.
Plumridge Project (WSA 100% - Placer Dome can earn 65% interest by $2.5M expenditure)
After a long application period, access approvals have now been received for most of Western Areas granted tenements covering approximately 1600 sq. km of the Plumridge intrusive complex, 400km northeast of Kalgoorlie. An exploration team from Placer Dome is currently on site and an initial 170 hole Aircore bedrock drilling program is scheduled to start before the end of July.
Placer Dome is planning to drill in the area of two unusual circular magnetic intrusions interpreted from magnetics to occur at shallow depth on the eastern side of the Plumridge complex. Drilling will also test for high grade chromite mineralisation with associated anomalous platinum values which occur in outcrop on the western side of the complex.
Although the principal target is reef style Platinum Group Element mineralisation, the area is also considered prospective for magmatic hosted nickel-copper and iron oxide.... For details - Announcement
VOLUNTARY ADMINISTRATORS
Ferrier Hodgson has been appointed voluntary administrators of
.... For details - Announcement
June Quarterly Report
REVIEW OF PRODUCTION FOR THE QUARTER
North West Shelf
Domestic Gas: production was above expectation with a new quarterly record of 608 TJ per day (Woodside share 304 TJ per day) due to high customer demand.
LNG: production was above expectation at 22,317 tonnes per day (Woodside share 3,720 tonnes per day) due to high market demand and reliable system operation.
Condensate: production was as expected at 114,275 bbl per day (Woodside share 27,914 bbl per day).
Cossack Pioneer Oil: production was above expectation at 105,024 bbl per day (Woodside share 17,504 bbl per day) due to continued good reservoir performance.
LPG: production was below expectation at 2,152 tonnes per day (Woodside share 359 tonnes per day) due to production constraints at high total gas demand.
Laminaria and Corallina
Average production was above expectation at 50,764 bbl per day (Woodside share 24,650 bbl per day) due to high facility uptime. The daily rate at the end of the quarter was 49,018 bbl per day.
Legendre
Second quarter production was 13% below expectation at 22,836 bbl per day (Woodside share 10,491 bbl per day) as a result of planned production restrictions associated with the early June completion of a successful new horizontal development well (Legendre North-4H).
As at 30 June production from the Legendre fields was averaging 44,000 bbl per day (Woodside share 20,214 bbl per day) as a result of positive contributions from both the new well and improved compressor performance.... For details - ASX Announcement
XSTRATA
Xstrata said it would have to cut 58 jobs and reduce production, at its Baal Bone Colliery in NSW, to remain viable. production would be cut by 800,000 tonnes to 1.2 MTPY.
All Ords
3067.5
Dow Jones
9050.82
ASX100
2519.4
-6.3
S&P 500
981.73
ASX200
3088.0
Nasdaq
1698.02
ASX300
3086.9
Gold - spot/oz
US$344.20
Materials (GIC)
4376.4
Silver - spot/oz
US$4.66
AGC Macquarie Au
1993.7
Platinum - spot
US$689.00
AGC Explorers Au
3687.2
+65.4
Palladium - spot
US$167.00
Energy (GIC)
4362.8
Bridge CRB Futures Index
233.66
FTSE 100
4056.60
Crude Oil (NYMEX)
US$30.72
+0.31
Nikkei
9498.86
-237.1
Copper (LME - spot $US/tonne)
1733
Hang Seng
10,096.7
Lead (LME - spot $US/tonne)
515
A$ = US64.86c
Zinc (LME - spot $US/tonne)
829
A$ = 77.04yen
Nickel (LME - spot $US/tonne)
8825
A$ = 0.576euro
Aluminium (LME - spot $US/tonne)
1439
US 30-Year Bond
3.954
Tin (LME - spot $US/tonne)
4720
Live Quotes & Charts - Australia
Thursday, July 17 2003
Hazelwood Power - Latrobe Magnesium Joint Venture
Latrobe Magnesium will close its first placement oversubscribed; Latrobe Chief Executive Chris Sylvester said Latrobe may extend the A$500,00 fund raising beyond its intended close tomorrow, but it would certainly attract more funds than strictly required.
Latrobe has two big, well-funded supporters - Canadian aluminium company Alcan is providing and monitoring the technology, and London-based giant International Power, the owner of Victoria's Hazelwood power station, will provide the electricity.
Unique Opportunity for Low-Cost Magnesium Production From Waste Product
On 18 June 2003, Herald announced (copy attached) that unlisted subsidiary Corona Gold Limited will undertake an issue of shares at $0.01 each on a non renounceable entitlement basis to Herald shareholders registered on a record date to be advised.
That record date has now been set at 22 August 2003.
QUARTERLY RESULT HIGHLIGHTS - JUNE 2003
For details ...... COMPANY ANNOUNCEMENT
SONS OF GWALIA
HIGHLIGHTS - JUNE QUARTERLY REPORT
ADVANCED MINERALS
Tantalum production for the quarter of 527,972 lbs.
Quarterly tantalum contracted sales of 656,633 lbs in line with existing contracts.
Record tantalum production and sales for the year at 2,193,792 lbs and 2,140,693 lbs respectively, which exceeded revised budget estimates.
Tantalum inventory at reduced levels at year end
GOLD
Record Gold production for the quarter of 168,960 fine ounces with production for the full year at 577,702 exceeding the previously advised target of 545 560,000 ounces.
Gold cash costs for the quarter averaged $409 per ounce.
Average sale price received for the quarter was $617 per ounce realising a cash margin of $208 per ounce.
Forecast gold production of 500,000510,000 ounces for the 2003-04 financial year from the Southern Cross, South Laverton and Leonora regions.
EXPLORATION AND RESOURCE DEVELOPMENT
Encouraging drilling results at the Canyon Granites project at the Tarmoola Mine.
Development of the Red October Underground Mine to commence in the second half of the 2003/2004 financial year.
CORPORATE
Restructuring of the Gold Division and Head Office with the introduction of a new Operating Model announced during the quarter.
The Company will review the structure and make up of the Board of Directors to ensure compliance with current Corporate Governance Guidelines prior to the end of the calendar year.
For details ...... COMPANY ANNOUNCEMENT
WMC RESOURCES
WMC International Holdings Ltd, a wholly owned Canadian subsidiary of WMC Resources Ltd has accepted an offer to merge its Canadian operating subsidiary, WMC International Ltd (ìWILî), with Canadian mining junior, Comaplex Minerals Corp (ìComaplexî). (Comaplex is listed on the Toronto Stock Exchange ñ CMF).
The merger will result in Comaplex assuming control of all of WILís exploration properties, including its 56% interest in the Meliadine West gold project in Canadaís lower Arctic territories. This will increase Comaplexís ownership in that project from 22% to a 78% interest.
WMC will acquire 5,200,000 or 15% of shares in Comaplex and receive a cash payment of $US6,750,000. The offer, effective 1 October 2003, is subject to due diligence, regulatory and Board approvals.
For details ...... COMPANY ANNOUNCEMENT
All Ords
3075.2
Dow Jones
9094.59
ASX100
2525.7
+10.1
S&P 500
994.09
ASX200
3095.3
Nasdaq
1747.97
ASX300
3094.1
Gold - spot/oz
US$342.90
Materials (GIC)
4373.9
Silver - spot/oz
US$4.64
AGC Macquarie Au
1980.6
Platinum - spot
US$679.00
AGC Explorers Au
3597.5
na
Palladium - spot
US$170.00
Energy (GIC)
4331.1
Bridge CRB Futures Index
232.47
FTSE 100
4077.10
Crude Oil (NYMEX)
US$30.41
-0.70
Nikkei
9735.97
-15.03
Copper (LME - spot $US/tonne)
1738
Hang Seng
10,207.1
Lead (LME - spot $US/tonne)
526
A$ = US65.60c
Zinc (LME - spot $US/tonne)
841
A$ = 77.38yen
Nickel (LME - spot $US/tonne)
8910
A$ = 0.584euro
Aluminium (LME - spot $US/tonne)
1454
US 30-Year Bond
3.945
Tin (LME - spot $US/tonne)
4775
Live Quotes & Charts - Australia
Wednesday, July 16 2003
BALCOOMA DRILLING UPDATE
Kagara Zinc Ltd is pleased to provide an update on the diamond drilling program currently underway at the Balcooma Zinc Deposit.
An additional thirteen holes (BKD 21 - BKD 30 and BKD 32 - BKD 34) have been completed.
Assay results (tabulated below) have been received for four of these holes (BKD 21 - BKD 24) and of the remaining ten holes, BKD 24 - BKD 27 were drilled on the southern extension to the eastern limb of the Balcooma upper zone and all contained moderate grade intersections varying in width from 2.7 metres to 5.2 metres (see longitudinal section).
For details ...... COMPANY ANNOUNCEMENT
ALLOTMENT OF 1,065,000 SHARES TO ROCHE MINING
ROCHE ALLIANCE THIRD TRANCHE
Sally Malay Mining Limited (ASX:SMY) is pleased to announce that pursuant to the Deed of Alliance with Roche Mining Pty Limited (Roche), a division of Downer EDI Limited, the Company has allotted 1,065,000 fully paid ordinary shares to Roche (refer attached Appendix 3B).
This issue is the third tranche of shares in the Roche subscription of up to 10,660,000 ordinary shares. The issue of shares had been conditional on the Company signing the Senior Financing Agreement (SFA) between the Company and its financiers, Macquarie Bank Limited and Standard Bank London. The SFA was signed on the 7th July 2003.
The remaining 7,465,000 shares will be subscribed subject to certain Sally Malay Project milestones being achieved and the satisfaction of the cost of certain services to be provided by Roche to the Company. See the ASX Announcement dated 24 December 2002 for further details.
For details ...... COMPANY ANNOUNCEMENT
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All Ords | 3061.0 |
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Dow Jones | 9128.97 |
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ASX100 | 2515.6 | +6.2 | S&P 500 | 1000.42 |
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ASX200 | 3081.9 |
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Nasdaq | 1753.21 |
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|
ASX300 | 3080.6 |
|
Gold - spot/oz | US$341.80 |
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|
Materials (GIC) | 4330.3 |
|
Silver - spot/oz | US$4.64 |
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|
AGC Macquarie Au | 1997.5 |
|
Platinum - spot | US$691.00 |
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|
AGC Explorers Au | 3597.5 | -12.7 | Palladium - spot | US$173.00 |
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Energy (GIC) | 4293.6 |
|
Bridge CRB Futures Index | 233.12 |
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|
FTSE 100 | 4102.50 |
|
Crude Oil (NYMEX) | US$31.11 | +0.06 | |
Nikkei | 9751.00 | -4.63 | Copper (LME - spot $US/tonne) | 1738 |
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|
Hang Seng | 10,135.55 |
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Lead (LME - spot $US/tonne) | 531 |
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|
A$ = US65.05c |
|
Zinc (LME - spot $US/tonne) | 840 |
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A$ = 76.70yen |
|
Nickel (LME - spot $US/tonne) | 8975 |
|
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A$ = 0.582euro |
|
Aluminium (LME - spot $US/tonne) | 1461 |
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US 30-Year Bond |
3.914 |
|
Tin (LME - spot $US/tonne) | 4795 |
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EQUITY FUNDING
Beaconsfield Gold and Tolhurst Noall Ltd have signed a Subscription Agreement under which equity funding is to be provided to Beaconsfield Gold, subject to certain conditions.
The agreement allows for the subscription of A$5.5 million in two tranches, the first tranche being $0.5 million and the second tranche being $5.0 million. Beaconsfield Gold and Tolhurst Noall have further agreed that an additional sum of up to $2.5 million may be subscribed as part of the second tranche.
The first $0.5 million has been placed in a Tolhurst Noall trust account and will be drawn down as required to pay for all the corporate costs necessarily incurred by the Beaconsfield Gold board until the Receiver and Manager retires.
For details ...... COMPANY ANNOUNCEMENT
CHANGE OF DIRECTOR`S INTEREST NOTICE
Enclosed is an appendix 3Y notice advising of a change in the relevant interest in securities of the Company held by director Mr J Landerer arising from on-market purchases of shares in Goldsearch Limited by an associate.
For details ...... COMPANY REPORT
AWE TO TAKE INTEREST IN CASINO GAS FIELD
Australian Worldwide Exploration Limited (AWE) advises that it has entered into a Heads of Agreement (HOA) with Strike Oil NL (Strike) to participate in an expected appraisal of the Casino gas field, located in Vic P/44, offshore Otway Basin, Victoria.
The Transaction Under the HOA, AWE (or its nominees), will acquire Strikes 50% interest in Vic P/44 (containing the Casino gas field) for the following consideration:
For details - ASX Announcement
United Energy shares ceased trading yesterday after Victoria's Supreme Court approved a Scheme of Arrangement opening the way for its takeover by Power Partnership Pty Ltd.
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All Ords | 3053.4 |
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Dow Jones | 9177.15 |
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ASX100 | 2509.4 | +24.6 | S&P 500 | 1003.86 |
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ASX200 | 3074.0 |
|
Nasdaq | 1754.82 |
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|
ASX300 | 3072.6 |
|
Gold - spot/oz | US$347.40 |
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|
Materials (GIC) | 4316.5 |
|
Silver - spot/oz | US$4.78 |
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|
AGC Macquarie Au | 1972.3 |
|
Platinum - spot | US$684.00 |
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|
AGC Explorers Au | 3610.2 | +14.6 | Palladium - spot | US$174.00 |
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Energy (GIC) | 4293.8 |
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Bridge CRB Futures Index | 234.79 |
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|
FTSE 100 | 4127.60 |
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Crude Oil (NYMEX) | US$31.05 | unch | |
Nikkei | 9755.63 | +120.2 | Copper (LME - spot $US/tonne) | 1711 |
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|
Hang Seng | 10,122.4 |
|
Lead (LME - spot $US/tonne) | 522 |
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|
A$ = US65.71c |
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Zinc (LME - spot $US/tonne) | 823 |
|
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A$ = 77.35yen |
|
Nickel (LME - spot $US/tonne) | 8810 |
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A$ = 0.583euro |
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Aluminium (LME - spot $US/tonne) | 1448 |
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US 30-Year Bond |
3.714 |
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Tin (LME - spot $US/tonne) | 4795 |
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HIGHLIGHTS - JUNE QUARTERLY REPORT
Cibaliung Project - west Java, Indonesia
Mt Alexander Goldfields - central Victoria, Australia
Corporate
Expenditure
For details ...... COMPANY REPORT
AMC has scrapped its $2 billion/year deal with Ford Motor Co after its Stanwell project was mothballed.
Beach has increased recoverable oil estimates for its Cooper-Eromanga basin Christies#1 well from 1 million to 1.3 million barrels... For details - ASX Announcement
Magellan is to pay $2 million in cash for Voyager Energy's 40.94% of the Nockatunga project in southwest Queensland... For details - ASX Announcement
For details - ASX Announcement
WMC RESOURCES
WMC Resources Ltd has lodged its June 2003 Quarter Production Report with the Australian Stock Exchange.... For details - Report
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All Ords | 3022.8 |
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|
Dow Jones | 9119.59 |
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ASX100 | 2484.8 | +1.0 | S&P 500 | 998.14 |
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|
ASX200 | 3043.8 |
|
Nasdaq | 1733.93 |
|
|
ASX300 | 3042.4 |
|
Gold - spot/oz | US$344.50 |
|
|
Materials (GIC) | 4274.4 |
|
Silver - spot/oz | US$4.78 |
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|
AGC Macquarie Au | 1954.4 |
|
Platinum - spot | US$679.00 |
|
|
AGC Explorers Au | 3595.6 | +12.6 | Palladium - spot | US$174.00 |
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Energy (GIC) | 4250.9 |
|
Bridge CRB Futures Index | 234.78 |
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|
FTSE 100 | 4058.10 |
|
Crude Oil (NYMEX) | US$31.05 | +0.28 | |
Nikkei | 9635.35 | -320.3 | Copper (LME - spot $US/tonne) | 1710 |
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|
Hang Seng | 9911.50 |
|
Lead (LME - spot $US/tonne) | 520 |
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|
A$ = US66.00c |
|
Zinc (LME - spot $US/tonne) | 820 |
|
||
A$ = 77.85yen |
|
Nickel (LME - spot $US/tonne) | 8800 |
|
||
A$ = 0.585euro |
|
Aluminium (LME - spot $US/tonne) | 1450 |
|
||
US 30-Year Bond |
3.640 |
|
Tin (LME - spot $US/tonne) | 4770 |
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FALCONTM FLYING TO COMMENCE AT ELLENDALE
Gravity Capital Limited, through its related party Diamond Mines Australia Pty Ltd, is pleased to announce that it has executed a revised agreement with Kimberley Diamond Company NL (KDC) and KDCs subsidiary, Blina Diamonds Limited (Blina), replacing that entered into on 31 July 2002. In terms of the revised agreement, BHP Billitons FalconTM airborne gravity gradiometer system will commence flying in the Ellendale-Blina District within the next week. The survey pertains to an area north of KDCs mining lease which comprises 275 square kilometres and embraces the northern part of the known Ellendale lamproite field. The terms of the farmin arrangement are very similar to those of the 31 July 2002 agreement, which were announced on 2 August 2002, except that the area concerned now covers tenements controlled by both KDC and Blina. For details ...... COMPANY ANNOUNCEMENT
BROKER REPORT - "Shares Selling at Half the Estimated NPV of Dairi Zinc Project
The pre-feasibility study on Dairi has come in with a NPV of US$38.7m to US$59.6m, at a discount rate of 10%, for the geared post tax and pre tax scenarios respectively. This works out as being worth 90c - A$1.38 a share to HER...... REPORT
UPDATE ON MDLS MINERAL SANDS OPERATIONS
IN INDIA AND AUSTRALIA
Mineral Deposits Limited (MDL) has today finalised a comprehensive technical and commercial co-operation agreement with a private Indian company, Beach Minerals (Sands) Company Limited (BMC).
BMC is an established garnet and ilmenite producer from its mine at Kuttam in southeast India. It is one of the largest garnet producers in the world. The resources owned by BMC around Kuttam, which are presently dry mined, are extensive and high grade. MDL has been working closely with BMC for some time on drilling and sampling followed by extensive mineral separation testwork to establish the viability of the proposed expanded operations. The recent drilling programme of the extensive surface dune system has demonstrated an in-situ heavy mineral grade of around 20%. These dunes have a very low slime content (0.5% to 2%) and are free running sands reminiscent of the dune system currently mined by MDL at Fullerton in NSW.
The agreement will see the transfer of MDLs nine million tonne per annum Fullerton dredge to BMC over the coming months where it will be reconfigured and commissioned by year-end. MDL is providing technical expertise in respect of a dredge mining programme at Kuttam. The resources available on BMCs mining lease at Kuttam are expected to sustain the dredging operation for several decades. BMC will fund the costs associated with shipping the dredge from Australia and its reconfiguration and assembly in India. For details ...... COMPANY ANNOUNCEMENT
CAMDEN GAS PROJECT - STAGE II
DEVELOPMENT APPLICATION - DA-282-6-2003i
Sydney Gas has lodged a Development Application (DA) and an Environmental Impact Statement (EIS) with the Department of Infrastructure, Planning and Natural Resources in order to convert part of Sydney Gas' Oetroleum Exploration Licence 2 into a Petroleum Production Lease and for the construction and operation of a gas treatment plant. For details - ASX Announcement
Amity Oil is importing a drill rig from Indonesia to start drilling at the Whicher Range gas field off WA. For details - ASX Announcement
The Queensland government-owned Enertrade signed what is believed to be Australia's biggest single coal seam methane gas contract - Enertrade said it would purchase about 200 petajoules of gas from the Macquarie Infrastructure offshoot CH4 over 15 years, commencing in 2005. The deal will underpin the A$500 million Townsville power station project.
Gondwana has agreed to acquire from Sons of Gwalia up to 54 tenements in the Parker Range region of WA... For details - ASX Announcement
Gunson Resources announces that it is to proceed with Phase 2 of its bankable feasibility study (BFS) on the Coburn Mineral Sand Project, near Shark Bay in Western Australia.
The decision is based on:
... For details - Announcement
JUBILEE DISCOVERS A NEW ZONE OF NICKEL SULPHIDES AT COSMOTH SOUTH
Canadian-based LionOre Mining International says it will seek new projects after its ASX listing later this month and upcoming merger with Dalrymple Resources.
ORIGIN ENERGY
Origin Energy has announced a A$74 million "mop-up" offer for the 14.77% of OCA it does not own For details - ASX Announcement
REEDY LAGOON CORP
Edward Creek Base Metal Joint Venture (ECBMJV).
(30th June 2003)
Drilling is set to commence at the Herakleion "Olympic Dam" type copper-gold target under the terms of an agreement dated 30/6/03.
Drilling of the Herakleion target is expected to be conducted during the September quarter.
Redport Limited, and three other parties, have entered an agreement which provides them with an option to earn an 80% interest in the ECBMJV.
Poole River Joint Venture Option.
(4th July 2003)
The Jericho Project (gold and copper-nickel-PGE) has been optioned to Redport Limited and Axburgh Investments Pty Ltd.
Drilling of the Poole River target is expected to be conducted during the December quarter.
For more information on these agreements, visit the 'News' page at www.reedylagoon.com.au.
SALLY MALAY MINING
SALLY MALAY PROJECT FINANCING FACILITY CONFIRMED
Senior Financing Facility documents signed with Macquarie Bank and Standard Bank London
Appreciating A$ impact on Project economics countered by positive outlook for nickel prices
Corporate base case assumptions give Project NPV of A$50 million
$46 MILLION PROJECT FINANCING FACILITY
Sally Malay Mining Limited (ASX:SMY) is delighted to announce that the Senior Facility Agreement and the related documentation (the Facility) pertaining to the provision of the Sally Malay Project financing by Macquarie Bank Limited (Macquarie) and Standard Bank London Limited (Standard) has been formally
Total funds of up to $46 million will be made available by a combination of a Project Development
Facility (PDF) and a Cost Overrun Facility (COF);
Environmental bonds of up to $2 million will be provided in addition to the PDF and COF;
Nickel hedging of approximately 9,500 tonnes representing only 15% of the current nickel in resource;
There are a limited number of condition precedents remaining to be satisfied prior to Facility drawdown. -
Announcement
SUB SAHARA RESOURCES
Sub-Sahara advises that Placer Dome Africa Limited (Placer), a subsidiary of Placer Dome Inc has given notice terminating the agreement covering the Nyanzaga Project in Tanzania.
Placer has previously indicated publicly that they were targeting 5million ounces of gold at Nyanzaga. While no official reason was given for termination of the agreement, Sub-Sahara believes that the potential project size perceived from the limited drill results to date, may not have met such expectation.
Placer, who has not earned any interest in the project, spent in the order of US$650,000 on exploration since the agreement was signed in January 2002.
... For details - Announcement
SUNSHINE GAS
Sunshine Gas dsays it will be cash flow positive after signing a deal to purchase the Interstate Group of Companies. The Interstate Group holds a 15% interest in the Roma gas and oil fields with Santos (as operator) holding the balance.
PROGRESS REPORT WIDGIEMOOLTHA NORTH DRILL PROGRAM
This report is an update on Titan Resources NLs current drilling program at its Widgiemooltha North Project. Highlights of the program to date include the location of additional shallow mineralisation at the Armstrong deposit and the identification of primary massive nickel sulphides at the McEwen deposit.
Significant Reverse Circulation drill intercepts from Armstrong and McEwen, which have been received to date, are presented in Tables 1 and 2 2. The results from all recent Diamond Drilling are pending. - Announcement
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All Ords | 3022.7 |
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Dow Jones | 9036.04 |
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ASX100 | 2483.8 | +11.5 | S&P 500 | 988.70 |
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ASX200 | 3042.8 |
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Nasdaq | 1715.86 |
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ASX300 | 3041.3 |
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Gold - spot/oz | US$344.30 |
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Materials (GIC) | 4299.2 |
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Silver - spot/oz | US$4.80 |
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AGC Macquarie Au | 1951.5 |
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Platinum - spot | US$679.00 |
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AGC Explorers Au | 3583.0 | +11.0 | Palladium - spot | US$174.00 |
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Energy (GIC) | 4273.0 |
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Bridge CRB Futures Index | 234.73 |
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FTSE 100 | 4028.80 |
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Crude Oil (NYMEX) | US$31.06 | +0.18 | |
Nikkei | 9955.62 | -35.33 | Copper (LME - spot $US/tonne) | 1686 |
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Hang Seng | 9983.31 |
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Lead (LME - spot $US/tonne) | 519 |
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A$ = US65.64c |
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Zinc (LME - spot $US/tonne) | 810 |
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A$ = 77.30yen |
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Nickel (LME - spot $US/tonne) | 8695 |
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A$ = 0.578euro |
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Aluminium (LME - spot $US/tonne) | 1430 |
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US 30-Year Bond |
3.677 |
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Tin (LME - spot $US/tonne) | 4760 |
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The Melbourne Mining Club Cutting Edge Series
Austindo Resources, along with Ballarat Goldfields and Essential Petroleum will be making presentations on 15 July at 5.30 pm at The Supper Room, Level 3, The Melbourne Town Hall, Cnr Swanston & Collins Street , Melbourne.
Attendance is free (but registration is required)
RSVP: By Email - lcollins@vicmins.com
OR Fax +61 (0) 3 9629 8603 ...... COMPANY WEB SITE
DAIRI PRE-FEASIBILITY STUDY
Herald is pleased to announce the results of the Dairi Zinc/Lead Project Pre-Feasibility Study.
The base case in the Study provides a positive cash flow outcome based on 1mt per annum operation for 6.4 years on mineable ore reserves at the Anjing Hitam deposit.
Additional resources at the project outside of the Anjing Hitam deposit total 9mt, but have not been considered in the Study.
Net operating pre-tax cashflows are US$228M before capital costs, which have been estimated at US$83M. Assumed metal prices have been conservative, being much lower than long-term estimates from a number of forecasters, and estimates for the cost of the processing facilities include a 20% contingency.
The Dairi project shows a robust pre-tax IRR (internal rate of return) of 31%. With 70% gearing, pre-tax return on equity is 52%.
Total cash operating costs have been estimated at US$0.30 per pound zinc equivalent...... COMPANY ANNOUNCEMENT
PLUMRIDGE PROJECT - ENCOURAGING EXPLORATION RESULTS
The project area consists of seven exploration licences and is located some 400 kilometres due east of Kalgoorlie. The area was taken up to test a series of mafic-ultramafic intrusives and dykes forming the Salt Creek Complex for magmatic nickel sulphide and associated copper, platinum and palladium mineralisation.
The only significant exploration in the area was completed on the tenements during the last two years and includes:
The detailed airborne magnetics indicated the presence of hundreds of small, intense, negative magnetic anomalies (up to 2500nt), many of which cluster and appear to be an unusual expression of larger intrusions. More significantly, the airborne electromagnetic survey, flown earlier this year, has identified a number of high priority discrete bedrock conductors, consistent with massive sulphides and closely associated with the mafic intrusive belt. These conductors are interpreted to be under thin cover (<50 metres) and have a strike length up to 1.5 kilometres.
BHP Billiton has elected not to participate in a Joint Venture in respect of the Plumridge area. The Company views the exploration results obtained to date as very encouraging and discussions are in progress with potential joint venture parties..... COMPANY ANNOUNCEMENT
COOLGARDIE GOLD PROJECT UPDATE
Ore treated at Coolgardie during the June quarter was below the level budgeted (250,497 vs 285,000 tonnes). Throughput for the quarter was hampered by a mill motor bearing failure, an electric cable breakdown (renewed at the time of refurbishment), major rebuild of the secondary crusher and a planned partial mill reline. The June month exceeded budget throughput (101,849 tonnes vs 95,000 tonnes) when the rebuilt crusher came on line.
Gold production was below expectations due to a delay in completing the vent rise in time to allow stoping of high grade Empress ore during the quarter as forecast. The vent rise is now complete and is being equipped, with stoping to commence within a week. Approximately 500 oz gold appears to have been lost from the elution circuit due to a valve malfunction.
This circuit has been modified to eliminate further potential losses...... COMPANY ANNOUNCEMENT
Beach has declared its Christies-1 wildcat well, 80km west of Moomba in the Cooper-Eromanga Basin, a commercial strike (an 18m gross oil column) with production expected to start later this year.. For details - ASX Announcement
Placer Dome has paid US$252 million for EAGM, which operates the North Mara gold mine (annual production estimated at 220,000 oz) and owns highly prospective exploration tenements in Tanzania.
Oyu Tolgoi (Turquoise Hill)
Recent drilling along the northern projection of the far north zone had enhanced copper & gold results; numerous basalt-hosted very high-grade copper & gold intersections had been made - these overlie a giant buried porphyry, the probable source of the far north zone. For details - ASX Announcement
Ellendale Diamond Project
Kimberley expects offers to raise A$9.25 million for its Ellendale Project to accelerate its transition from explorer to mining company. For details - ASX Announcement
Copperfield Prospect
Malachite Resources has applied for an exploration tenement to cover the Copperfield prospect (copper, gold & silver)and surrounding areas, 150km west of Townsville. For details - ASX Announcement
Whisper Project
Gold & diamond explorer Metex will fund a trial pit at its Whisper project with the assistance of a A$1 million financing facility from the Macquarie bank. For details - ASX Announcement
PNG Gas Project
Energex has signed an agreement with the gas project consortium that make a start on the project more likely.. For details - ASX Announcement
Jabiluka Uranium Mine
Rio Tinto subsidiary ERA is going to bulldoze tonnes of dirt and ore back into the hole id dug in 1998, and put the site in mothballs for the long-term... For details - ASX Announcement
Woodside has sold its stake in Oil Search. For details - ASX Announcement
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All Ords | 3008.3 |
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Dow Jones | 9156.21 |
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ASX100 | 2472.3 | -5.7 | S&P 500 | 1002.21 |
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ASX200 | 3029.1 |
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Nasdaq | 1747.46 |
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ASX300 | 3027.5 |
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Gold - spot/oz | US$343.30 |
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Materials (GIC) | 4254.9 |
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Silver - spot/oz | US$4.80 |
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AGC Macquarie Au | 1940.3 |
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Platinum - spot | US$671.00 |
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AGC Explorers Au | 3572.1 | +6.8 | Palladium - spot | US$171.00 |
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Energy (GIC) | 4236.4 |
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Bridge CRB Futures Index | 237.19 |
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FTSE 100 | 4054.70 |
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Crude Oil (NYMEX) | US$30.88 | +0.62 | |
Nikkei | 9990.95 | +92.23 | Copper (LME - spot $US/tonne) | 1687 |
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Hang Seng | 10,027.41 |
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Lead (LME - spot $US/tonne) | 515 |
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A$ = US65.75c |
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Zinc (LME - spot $US/tonne) | 809 |
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A$ = 77.51yen |
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Nickel (LME - spot $US/tonne) | 8665 |
|
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A$ = 0.580euro |
|
Aluminium (LME - spot $US/tonne) | 1430 |
|
||
US 30-Year Bond |
3.706 |
|
Tin (LME - spot $US/tonne) | 4760 |
|
|
![]() |
Hazelwood Power - Latrobe Magnesium Joint Venture
Unique Opportunity for Low-Cost Magnesium Production From Waste Product
For details - ASX Announcement
|
||||||
All Ords | 3013.6 |
|
|
Dow Jones | 9223.09 |
|
ASX100 | 2478.0 | +2.0 | S&P 500 | 1007.84 |
|
|
ASX200 | 3035.8 |
|
Nasdaq | 1746.46 |
|
|
ASX300 | 3033.8 |
|
Gold - spot/oz | US$344.00 |
|
|
Materials (GIC) | 4224.3 |
|
Silver - spot/oz | US$4.72 |
|
|
AGC Macquarie Au | 1951.1 |
|
Platinum - spot | US$666.00 |
|
|
AGC Explorers Au | 3565.3 | -2.8 | Palladium - spot | US$177.00 |
|
|
Energy (GIC) | 4186.9 |
|
Bridge CRB Futures Index | 235.91 |
|
|
FTSE 100 | 4073.60 |
|
Crude Oil (NYMEX) | US$30.23 | +0.10 | |
Nikkei | 9898.72 | +103.5 | Copper (LME - spot $US/tonne) | 1676 |
|
|
Hang Seng | 9992.87 |
|
Lead (LME - spot $US/tonne) | 495 |
|
|
A$ = US65.97c |
|
Zinc (LME - spot $US/tonne) | 815 |
|
||
A$ = 78.02yen |
|
Nickel (LME - spot $US/tonne) | 8680 |
|
||
A$ = 0.583euro |
|
Aluminium (LME - spot $US/tonne) | 1418 |
|
||
US 30-Year Bond |
3.733 |
|
Tin (LME - spot $US/tonne) | 4750 |
|
|
![]() |
CLARIFICATION OF RECENT CRISTAL NOTICE
In an attempt to clarify the notice given to the ASX by Cristal Australia Pty Ltd (CRISTAL) on Friday 4 July 2003, the Board of Directors of BeMaX Resources NL (ASX: BMX) believes that the following may assist in the understanding for the notice.
In December 2002, BeMaX acquired the Sons of Gwalia Limited (SGW) 25% interest in the Pooncarie Project (through the purchase of the SGW subsidiary Probo Mining Limited). Part of the consideration was A$10 million which was funded via a Convertible Note from CRISTAL..... COMPANY ANNOUNCEMENT
|
||||||
All Ords | 3005.4 |
|
|
Dow Jones | 9216.79 |
|
ASX100 | 2476.0 | +3.2 | S&P 500 | 1004.42 |
|
|
ASX200 | 3032.1 |
|
Nasdaq | 1720.71 |
|
|
ASX300 | 3030.3 |
|
Gold - spot/oz | US$347.90 |
|
|
Materials (GIC) | 4147.3 |
|
Silver - spot/oz | US$4.71 |
|
|
AGC Macquarie Au | 1984.6 |
|
Platinum - spot | US$673.00 |
|
|
AGC Explorers Au | 3568.1 | +8.9 | Palladium - spot | US$181.00 |
|
|
Energy (GIC) | 4153.1 |
|
Bridge CRB Futures Index | 235.48 |
|
|
FTSE 100 | 4074.80 |
|
Crude Oil (NYMEX) | US$30.13 | -0.29 | |
Nikkei | 9795.16 | +247.4 | Copper (LME - spot $US/tonne) | 1659 |
|
|
Hang Seng | 9829.44 |
|
Lead (LME - spot $US/tonne) | 492 |
|
|
A$ = US67.72c |
|
Zinc (LME - spot $US/tonne) | 806 |
|
||
A$ = 80.02yen |
|
Nickel (LME - spot $US/tonne) | 8490 |
|
||
A$ = 0.598euro |
|
Aluminium (LME - spot $US/tonne) | 1406 |
|
||
US 30-Year Bond |
3.707 |
|
Tin (LME - spot $US/tonne) | 4690 |
|
|
![]() |
For details - ASX Announcement
|
||||||
All Ords | 3000.8 |
|
|
Dow Jones | 9070.21 |
|
ASX100 | 2472.8 | -13.7 | S&P 500 | 985.70 |
|
|
ASX200 | 3028.4 |
|
Nasdaq | 1663.46 |
|
|
ASX300 | 3026.6 |
|
Gold - spot/oz | US$350.40 |
|
|
Materials (GIC) | 4099.1 |
|
Silver - spot/oz | US$4.64 |
|
|
AGC Macquarie Au | 1986.0 |
|
Platinum - spot | US$675.00 |
|
|
AGC Explorers Au | 3559.2 | -20.7 | Palladium - spot | US$186.00 |
|
|
Energy (GIC) | 4186.6 |
|
Bridge CRB Futures Index | 234.88 |
|
|
FTSE 100 | 4021.50 |
|
Crude Oil (NYMEX) | US$30.42 | closed | |
Nikkei | 9547.73 | -15.27 | Copper (LME - spot $US/tonne) | 1651 |
|
|
Hang Seng | 9636.81 |
|
Lead (LME - spot $US/tonne) | 488 |
|
|
A$ = US67.78c |
|
Zinc (LME - spot $US/tonne) | 806 |
|
||
A$ = 79.97yen |
|
Nickel (LME - spot $US/tonne) | 8380 |
|
||
A$ = 0.590euro |
|
Aluminium (LME - spot $US/tonne) | 1397 |
|
||
US 30-Year Bond |
3.655 |
|
Tin (LME - spot $US/tonne) | 4670 |
|
|
![]() |
|
||||||
All Ords | 3017.1 |
|
|
Dow Jones | 9070.21 |
|
ASX100 | 2486.5 | +10.6 | S&P 500 | 985.70 |
|
|
ASX200 | 3044.8 |
|
Nasdaq | 1663.46 |
|
|
ASX300 | 3042.8 |
|
Gold - spot/oz | US$350.80 |
|
|
Materials (GIC) | 4101.0 |
|
Silver - spot/oz | US$4.67 |
|
|
AGC Macquarie Au | 1987.8 |
|
Platinum - spot | US$675.00 |
|
|
AGC Explorers Au | 3579.9 | +1.7 | Palladium - spot | US$186.00 |
|
|
Energy (GIC) | 4196.6 |
|
Bridge CRB Futures Index | 234.88 |
|
|
FTSE 100 | 4024.80 |
|
Crude Oil (NYMEX) | US$30.42 | +0.27 | |
Nikkei | 9624.80 | +32.56 | Copper (LME - spot $US/tonne) | 1661 |
|
|
Hang Seng | 9646.1 |
|
Lead (LME - spot $US/tonne) | 487 |
|
|
A$ = US68.11c |
|
Zinc (LME - spot $US/tonne) | 797 |
|
||
A$ = 80.53yen |
|
Nickel (LME - spot $US/tonne) | 8530 |
|
||
A$ = 0.593euro |
|
Aluminium (LME - spot $US/tonne) | 1402 |
|
||
US 30-Year Bond |
3.655 |
|
Tin (LME - spot $US/tonne) | 4655 |
|
|
![]() |
LAKES TO SEARCH FOR HYDROCARBONS IN BASS STRAIT
Lakes Oil N.L. (LKO) has concluded a farm-in to permit Vic/P47 offshore Bass Strait, Victoria. Lakes can earn 77% of a defined portion of the permit (see map) by drilling a well and completing 200 kilometres of 2D seismic. The well is to be drilled by December 2004.. COMPANY ANNOUNCEMENT
CHANGE OF DIRECTOR`S INTEREST NOTICE
Change of Director's Interest Notice X 2. COMPANY ANNOUNCEMENT
CHANGE OF DIRECTOR`S INTEREST NOTICE
Change of Director's Interest Notice X 5. COMPANY ANNOUNCEMENT
For details - ASX Announcement
|
||||||
All Ords | 3003.4 |
|
|
Dow Jones | 9142.84 |
|
ASX100 | 2475.9 | -5.3 | S&P 500 | 993.75 |
|
|
ASX200 | 3031.9 |
|
Nasdaq | 1678.73 |
|
|
ASX300 | 3029.8 |
|
Gold - spot/oz | US$351.30 |
|
|
Materials (GIC) | 4091.3 |
|
Silver - spot/oz | US$4.63 |
|
|
AGC Macquarie Au | 1989.8 |
|
Platinum - spot | US$670.00 |
|
|
AGC Explorers Au | 3578.2 | +48.2 | Palladium - spot | US$185.00 |
|
|
Energy (GIC) | 4145.7 |
|
Bridge CRB Futures Index | 235.39 |
|
|
FTSE 100 | 4006.90 |
|
Crude Oil (NYMEX) | US$30.15 | -0.25 | |
Nikkei | 9592.24 | +313.7 | Copper (LME - spot $US/tonne) | 1640 |
|
|
Hang Seng | 9602.62 |
|
Lead (LME - spot $US/tonne) | 483 |
|
|
A$ = US68.05c |
|
Zinc (LME - spot $US/tonne) | 785 |
|
||
A$ = 80.41yen |
|
Nickel (LME - spot $US/tonne) | 8340 |
|
||
A$ = 0.590euro |
|
Aluminium (LME - spot $US/tonne) | 1381 |
|
||
US 30-Year Bond |
3.536 |
|
Tin (LME - spot $US/tonne) | 4595 |
|
|
![]() |
$15 MILLION RAISING TO EXPAND SYDNEY GAS PRODUCTION
Sydney Gas has launched a $15 million convertible notes issue to fund expansion of its existing gas production in NSW. ASX Announcement
|
||||||
All Ords | 3009.2 |
|
|
Dow Jones | 9040.95 |
|
ASX100 | 2481.2 | +10.8 | S&P 500 | 982.32 |
|
|
ASX200 | 3038.6 |
|
Nasdaq | 1640.13 |
|
|
ASX300 | 3036.0 |
|
Gold - spot/oz | US$351.30 |
|
|
Materials (GIC) | 4127.7 |
|
Silver - spot/oz | US$4.56 |
|
|
AGC Macquarie Au | 1938.4 |
|
Platinum - spot | US$670.00 |
|
|
AGC Explorers Au | 3530.0 | +28.01 | Palladium - spot | US$187.00 |
|
|
Energy (GIC) | 4163.5 |
|
Bridge CRB Futures Index | 234.50 |
|
|
FTSE 100 | 3963.90 |
|
Crude Oil (NYMEX) | US$30.40 | +0.21 | |
Nikkei | 9278.49 | +195.4 | Copper (LME - spot $US/tonne) | 1641 |
|
|
Hang Seng | 9577.12 |
|
Lead (LME - spot $US/tonne) | 484 |
|
|
A$ = US67.84c |
|
Zinc (LME - spot $US/tonne) | 784 |
|
||
A$ = 81.02yen |
|
Nickel (LME - spot $US/tonne) | 8210 |
|
||
A$ = 0.587euro |
|
Aluminium (LME - spot $US/tonne) | 1383 |
|
||
US 30-Year Bond |
3.549 |
|
Tin (LME - spot $US/tonne) | 4610 |
|
|
![]() |
CHANGE OF DIRECTOR`S INTEREST NOTICE
A copy of the full announcement is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.... ASX Announcement or COMPANY WEB SITE
APPENDIX 3B - CONVERSION OF OPTIONS
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
APP 3B - EXPLORATION ACTIVITIES ON CO TENEMENTS/WORKING CAP.
A copy of the full announcement is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.... ASX Announcement
STARTS EXPLORATION FIELDWORK AT STHN FRASER PROJECT WA
A copy of the full announcement is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.... ASX Announcement
APPENDIX 3B - EMPLOYEE OPTION PLAN
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
LETTER TO SHAREHOLDERS
A copy of the full announcement is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.... ASX Announcement
YESITEPE-1 WELL - DAY 6 30 JUNE 2003
MAIN POINTS... In the 72 hours since the last report, two cement jobs were carried out to restore drilling fluid circulation and allow drilling to proceed from 69 metres to 178 metres in conglomerate, siltstone and limestone. ASX Announcement
OIL DISCOVERY WITH CHINOOK E-WELL - DEEPWATER GULF OF MEXICO
BHP Billiton today announced that it has made an oil discovery at its second exploratory well on the Chinook prospect in the ultra-deepwater Gulf of Mexico. Drilled in water depths of approximately 8,830 feet (2,684 meters), the well exceeded a total depth of 27,650 feet (8,406 meters), encountering a gross hydrocarbon column of 620 feet (188 meters) with 260 feet (79 meters) of net oil pay. ASX Announcement
DRILLING REPORT - CHRISTIES-1
Beach Petroleum advises that the status of Christies-1 at 0600 hours (CST) on 30 June 2003 was:... ASX Announcement
NOTICE TO UNITHOLDERS
A copy of the full announcement is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.... ASX Announcement
DRILLING REPORT - CHRISTIES-1
Cooper Energy NL advises the status of Christies-1 at 0600 hours (CST) on 30 June 2003:... ASX Announcement
APPENDIX 3B - WORKING CAPITAL
A copy of the full announcement is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.... ASX Announcement
PLACEMENT
Diamond Ventures NL (DDV) is pleased to announce that it has completed a private placement of 11.3 million fully paid ordinary shares at a price of 5 cents per share to raise approximately $565,000. ASX Announcement
AGREEMENT TO ACQUIRE THE BALANCE OF ASIA ENERGY CORPORATION
Deepgreen Minerals Corporation Ltd advises that it has reached agreement to acquire the balance of Asia Energy Corporation Pty Ltd, the operator of the Phulbari steaming coal project in Bangladesh.... Deepgreen previously held a 60% interest in AEC and has agreed to buy out the remaining shareholders, ESX Pty Ltd, Barton Place Pty Ltd and Jemaross for a consideration of 4 million fully paid ordinary shares in the capital of Deepgreen. ASX Announcement
DISCLOSURE DOCUMENT
D'AGUILAR GOLD LIMITED... D'Aguilar Gold Limited has applied for admission to the official list of Australian Stock Exchange Limited and for quotation of its securities. It has been given a provisional ASX code. Provision of an ASX code and publication of the following information does not mean that the entity will be admitted or that its securities will be quoted. ASX Announcement
THIRD QUARTER ACTIVITIES & CASHFLOW REPORT
The following summarises the exploration and development activity for Dioro Exploration NL for the quarter ended 31 May 2003.... During the quarter a program of diamond drilling was completed as part of the underground resource feasibility study being carried out at Frog's Leg. This study is due to be completed in early July. ASX Announcement
CHANGE OF DIRECTOR`S INTEREST NOTICE
CHANGE OF DIRECTOR'S INTEREST NOTICE... We (the entity) give the ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director Harry Adams
ADVICE RE WARRANTS
A copy of the full announcement is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.... ASX Announcement
TO SELL ONSHORE NEW ZEALAND ASSETS
Horizon Oil announces that it has entered into agreements with Indo-Pacific Energy (NZ) Limited ("Indo-Pacific") to sell all its onshore New Zealand assets for a consideration of NZ$1,000,000 (about A$900,000), to be paid in cash. ASX Announcement
TARGETS NICKEL & GOLD WITH A$8M EXPLORATION PROGRAM
Jubilee Mines NL (ASX: JBM) today announced a substantial increase in its planned exploration expenditure for 2003/04 to A$8 million. The program will see increased nickel exploration at the Cosmos Nickel Project and Jubilee's regional exploration projects in the Leinster-Mt Keith nickel belt, as well as a renewed gold exploration program at Kathleen Valley, located 10km north of Cosmos. Its key components include: ASX Announcement
COMPANY SECRETARY RESIGNATIONS
A copy of the full announcement is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.... ASX Announcement
WHISPER TRIAL PIT-SITE WORKS COMMENCING JULY 2003
Metex Resources Ltd is pleased to announce that the Laverton Exploration Joint Venture (LEJV), a 50:50 joint venture between Metex and Granny Smith Mines Ltd (GSM) who are a wholly owned subsidiary of Placer Dome Asia Pacific Ltd (PDAP), have resolved to proceed with a staged program of development, commencing immediately, that will result in the first ore to be mined from the Whisper deposit early in November 2003. ASX Announcement
PROGRESS UPDATE ON MUNGI DEVT PROJECT QUEENSLAND
Molopo Australia NL announces the spudding of the Mungi 08 coalbed methane well on 30 th June 2003. This follows completion of drilling on the Mungi 07 well.... ASX Announcement
APPENDIX 3B-EXERCISE OF EMPLOYEE OPTION PLAN OPTIONS
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
COMPLETION OF STAGE 1 LANDFILL GAS EXPANSION
Novera Energy Limited [ASX:NVE] today announced a strengthening of revenues following completion of the construction and installation of the first stage of its landfill gas power expansion program in the UK. ASX Announcement
PURCHASES 1.278% INTEREST IN THE JINGEMIA OIL FIELD
KEY POINTS:... The balance of the purchase price is to be paid by way of monthly installments from production revenue at the lesser of $25,000 or the amount received. If no revenue is received in any given month, Norwest will not make a payment for that period. ASX Announcement
ACQUIRES LP GAS BUSINESS IN VICTORIA
Australian energy company, Origin Energy, today announced the acquisition of Shepparton based Victorian regional LPG supplier, Hylemit Pty Ltd, trading as Treston Gas.... The acquisition delivers Origin a significant increase in its LP Gas operations in country Victoria with additional sales of 12,000 tonnes per annum. The acquisition complements Origin's position as one of the leading energy retailers in the state, with a Victorian customer base of 1.1 million. ASX Announcement
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E DAILY SHARE BUY-BACK NOTICE (EXCEPT MINIMUM HOLDING BUY-BACK AND SELECTIVE BUY-BACK)... Name of Entity Oil Search Limited
KARONIE GOLD PROJECT
A copy of the full announcement is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.... ASX Announcement
KARONIE GOLD PROJECT
A copy of the full announcement is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.... ASX Announcement
BECOMING A SUBSTANTIAL HOLDER
A copy of the full announcement is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.... ASX Announcement
RESULTS OF GENERAL MEETING
A copy of the full announcement is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.... ASX Announcement
ISSUE OF ORDINARY FULLY PAID SHARES
Tasman Resources NL ("the Company") announces that on 27 June 2003 it has agreed to issue 2,000,000 fully paid ordinary shares at an issue price of 12 cents per share raising a total of $240,000.00. These shares will be issued in accordance with sections 708(1) and 708(8) of the Corporations Act 2001 (Cth) ("the Act") and under the 15% placement rule of the Australian Stock Exchange Listing Rules. A commission of 6% is payable to Australian Financial Services Licencees. ASX Announcement
NEW GOLD-COPPER MINE DEVELOPMENT AT MINERAL HILL
NEW GOLD-COPPER MINE DEVELOPMENT FOR TRIAKO AT MINERAL HILL (ASX CODE TKR)... The Board of Directors has approved the development of the Iodide South gold copper deposit. Iodide South was discovered in October 2002 beneath 200 metres of barren cover and 600 metres south of the current mining operation in the Eastern Ore Zone (figure 1). This significant development again demonstrates the potential of the Mineral Hill field to contain further ore deposits awaiting discovery. ASX Announcement
APPENDIX 3B - EXERCISE OF EMPLOYEE OPTIONS
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
ROSEBY EXPLOR. JV - STRATEGY FOR EARLY PRODUCTION
Following receipt of highly encouraging copper-gold drill results from the Company's Little Eva and Lady Clayre deposits (reported to ASX 9 November 2002, 29 November 2002, 5 June 2003 and 11 June 2003) the directors of Universal Resources Limited have decided to shift the exploration emphasis at the Roseby Exploration Joint Venture (EJV) (Figure 1) towards developing sufficient resources in the short term to support a mining and processing operation which, if successful, could result in the Joint Venture producing around 15,000 to 25,000 tpa copper and 25,000 to 35,000 oz pa gold with gross revenue, on current prices and exchange rates of around A$60-70M per annum. ASX Announcement
All Ords
2998.9
Dow Jones
8985.44
ASX100
2470.4
-19.6
S&P 500
974.50
ASX200
3025.8
Nasdaq
1622.80
ASX300
3023.2
Gold - spot/oz
US$345.90
Materials (GIC)
4143.1
Silver - spot/oz
US$4.55
AGC Macquarie Au
1893.4
Platinum - spot
US$663.00
AGC Explorers Au
3502.1
-185.8
Palladium - spot
US$179.00
Energy (GIC)
4115.8
Bridge CRB Futures Index
233.78
FTSE 100
4031.20
Crude Oil (NYMEX)
US$30.19
+0.92
Nikkei
9083.11
-20.95
Copper (LME - spot $US/tonne)
1663
Hang Seng
9577.12
Lead (LME - spot $US/tonne)
483
A$ = US67.28c
Zinc (LME - spot $US/tonne)
783
A$ = 80.51yen
Nickel (LME - spot $US/tonne)
8605
A$ = 0.584euro
Aluminium (LME - spot $US/tonne)
1401
US 30-Year Bond
3.528
Tin (LME - spot $US/tonne)
4655
Live Quotes & Charts - Australia
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