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Friday 23 March 2007 (Close of Business - New York)
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| All Ords | 5933.1 | -2.3 | Dow Jones | 12,481.01 | +19.87 | |||||||
| ASX100 | 4810.3 | -2.5 | S&P 500 | 1436.11 | +1.57 | |||||||
| ASX200 | 5952.3 | -3.4 | Nasdaq | 2448.93 | -2.81 | |||||||
| ASX300 | 5963.3 | -3.3 | NYSE Volume | 2,558,892,000 | ||||||||
| Materials (Sector) | 11,449.8 | -10.2 | US 10-Year Bond | 4.613% | +0.024 | |||||||
| All Ords Gold (Sub Industry) | 4657.2 | +34.3 | Gold - spot/oz | US$656.20 | -7.10 | |||||||
| Metals & Mining (Industry) | 3859.5 | -2.2 | Silver - spot/oz | US$13.13 | -0.26 | |||||||
| Energy (Sector) | 12,530.4 | +41.4 | Platinum - spot | US$1226.00 | -10.00 | |||||||
| AGC Macquarie Au | 5017 | na | Palladium - spot | US$352.00 | unch | |||||||
| Hartleys Explorers Index | 15,887 | na | Uranium - spot US$/lb | US91.00 | unch | |||||||
| Shanghai Composite | 3074.3 | +3.1 | Bridge CRB Futures Index | 406.76 | na | |||||||
| Hang Seng | 19,692.6 | +2.4 | Light Crude (NYM - $US per bbl.) | US$62.28 | +0.59 | |||||||
| Nikkei | 17,480.6 | +61.4 | Natural Gas (NYM - $US/mmbtu) | US$7.41 | -0.03 | |||||||
| India BSE 30 | 13,285.9 | -22.1 | Copper (LME - spot $US/tonne) | 6840 | -5 | |||||||
| FTSE 100 | 6339.4 | +21.4 | Lead (LME - spot $US/tonne) | 1946 | -7 | |||||||
| German DAX | 6899.1 | +42.1 | Zinc (LME - spot $US/tonne) | 3210 | -11 | |||||||
| A$ = US80.55 | -0.05 | Nickel (LME - spot $US/tonne) | 44,550 | -2,650 | ||||||||
| A$ = 95.16yen | -0.03 | Aluminium (LME - spot $US/tonne) | 2754 | -33 | ||||||||
| A$ = 0.606Euro | +0.001 | Tin (LME - spot $US/tonne) | 14,300 | +170 | ||||||||
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Phone: 07-55316191 or Email : sales@reflections.com.au
Wall Street rose modestly Friday, securing the Dow Jones industrials' best week in four years after a surprise jump in home sales eased concern that frailty in the housing market will hurt economic growth. Existing home sales rose by the biggest amount in nearly three years in February - the 3.9 percent increase was the largest since a similar jump in March 2004; analysts had been expecting a decrease. However the median price of a home fell year-over-year for the seventh straight month and inventories rose.
Advancing issues narrowly outnumbered decliners by about 3 to 2, on lower volume, on the New York Stock Exchange.
Oil prices rose following word that Iranian naval vessels had detained 15 British sailors and marines in Iraqi waters. Concerns arose that an escalation of tension could hurt exports from the Persian Gulf.
Copper rose to its highest in more than three months in London as stockpiles shrank and Chinese construction increased demand for the metal used in wiring and pipes.
Tin rose to the highest since at least 1989.
Nickel fell the most in more than six months. LME-monitored stockpiles of nickel used in stainless steel jumped 14 percent to 4,932 tons, taking this week's gain to 38 percent.
Jinchuan Group Co., a company that controls 90 percent of China's nickel output, denied a report in U.K. industry publication Metal Bulletin that it has a `"large'' short trading position on the LME. Metal Bulletin reported yesterday that Jinchuan will deliver `"thousands of tons'' of nickel to LME warehouses to cover a short position, citing unnamed traders.
Gold fell for the first time in seven sessions after the unexpected jump in U.S. home sales, boosting the US dollar and eroding the appeal of the precious metal as an alternative investment. Higher oil prices and geopolitical tensions kept prices from falling further.- Web Site
Updated Broker Presentation - Web Site
Re: East Musgrave joint venture - Independence Group NL
Further to the announcement on 16 February 2007, the directors of Goldsearch advise that they have received notification from Independence Group NL that, on 16 March 2007, a total of 200,000 fully paid ordinary (IGO) shares were allotted to Goldsearch Limited as the agreed consideration to complete the initial earning phase in the tenements in the East Musgrave Project.
The equity interest in the East Musgrave Project tenements is now Independence Group 51% and Goldsearch 49%.
- Web Site
Change in substantial holding - Web Site
Appendix 3B - Web Site
Appendix 3B - Allotment of Securities - Web Site
NEW GUINEA GOLD CLOSES FIRST TRANCHE OF ITS
12 MILLION UNIT PRIVATE PLACEMENT
Vancouver - 23, 2007. New Guinea Gold Corporation ("NGG" or the "Company") announces that it has closed the first tranche of a private placement arranged through its agent, Bolder Investment Partners, Ltd. ("Bolder" or "The Agent") in an offer (the "Offer" or the "Offering"), of up to 12,000,000 units of the Company at $0.42 per unit (the "Units") to raise up to $5,040,000. The first tranche formally closed is for 10,112,500 Units for gross proceeds of $4,247,250.
Each Unit consists of one common share and one half of one non-transferable common share purchase warrant (the "Warrant"). Each whole Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.55 for a period of two years from the completion of the financing, subject to early expiry provisions as follows: Once resale restrictions on the Units have expired on July 24, 2007 and upon the Company's shares trading at or above a weighted average trading price of $0.90 for 20 consecutive trading days, the Company may give notice that the Warrants will expire 30 days from the date of providing such notice (in writing to Warrant holders and via a news release).
Bolder will receive a cash commission of 7.5% of the gross proceeds raised, of which Bolder has elected to receive 144,690 units at an ascribed value of $0.42 per unit in partial payment. Bolder will receive Agent's Warrants (the "Agents Warrants") entitling the Agent to purchase up to such number of common shares of the Company as is equal to 10% of the number of Units sold through the Offering, for a period of two years from the date of the closing of the Offering. Each Agent's Warrant will be exercisable into one (1) common share of the Company at $0.55.
Bolder will also be paid a work fee of $5,000 plus GST. The Company is responsible for all reasonable expenses incurred in connection with the Offering, including the Agent's out-of-pocket expenses, and fees and disbursements of the Agent's legal counsel.
All securities issued in this private placement are subject to an expiry date of July 24, 2007.
Net proceeds of this financing will be used for working capital for the Sinivit project, to fund a second drill at the Imwauna project and for general corporate purposes.
- Web Site
Alinta to Purchase Bell Bay Site and Turbines
Alinta Limited today signed heads of agreement with Hydro Tasmania to purchase the Bell Bay Power Station site and three gas turbines with a total generating capacity of 105MW.
The agreement is another important step forward in the development of the 200 MW combined cycle Tamar Valley Power Station and an associated 180 MW back-up and peaking plant.
The Executive General Manager of Alinta Energy, Mr Jim Hennessy, said the agreement was an outstanding outcome for both Alinta and Hydro Tasmania.
"Alinta is excited about the potential to redevelop the Bell Bay site to ensure its continued use for gas-fired electricity generation," Mr Hennessy said.
"For Alinta, it is an important acquisition which will facilitate the development of the combined cycle Tamar Valley Power Station - Tasmania's first private sector power station - and the associated 180 MW back-up and peaking plant.
"The 180 MW back-up plant will now comprise the 105 MW of gas turbines purchased from Hydro, plus 75 MW of new gas turbines saving Alinta significant capital expenditure."
The sale agreement is conditional on the approval from both Houses of the Tasmanian Parliament.
Mr Hennessy said the sale terms included an upfront payment of $30 million and an agreement to terminate of the Pipeline Capacity Agreement from April 2009, about 9 years early. In today's dollars, the PCA would have generated $8.6 million per annum. The nominal value of the foregone revenue is $90 million. The present value of the reduced revenue from the Pipeline Capacity Agreement would be offset by net capital cost savings and revenue from sale of electricity into the NEM from the gas turbines. - Web Site
DRP Price
Alinta confirms the price of shares issued under its Dividend Reinvestment Plan for the dividend payable on 4 April 2007 is $14.5224.
The price is the average of the daily volume weighted average for the 10 day period commencing 5 days prior to and including the record date. The record date for the dividend was 9 March 2007.
Alinta declared the interim fully franked dividend of 8.375 cents per share on 27 February 2007. - Web Site
Rights Issue Prospectus - Web Site
General Meeting Proxy - Web Site
Notice of General Meeting - Web Site
Chairmans Letter to Shareholders - Web Site
Audio Broadcast re Placement and Update - Web Site
West Black Lake - Dolores Well Update - Web Site
Twin Hills Mining Equipment Sale Raises in Excess of $4M - Web Site
Appendix 3B - Release from Escrow - Web Site
Rocklands Group Copper Project - Web Site
Response to ASX Query re Price & Volume - Web Site
Request for Trading Halt - Web Site
High grade tin & silver on Buddigower Tin Field - Web Site
Appendix 3B - Web Site
Appendix 3B CRK/SHA - Web Site
Change of Director's Interest Notice - Web Site
EXPLORATION UPDATE
De Grey Mining Limited (ASX code:DEG) is pleased to advise it plans to recommence RC and diamond drilling at the Company's Turner River Project, located 60km south of Port Hedland, in the week commencing the 2nd of April 2007. The 4,000m RC and 1,200m diamond drilling programs were delayed due to the effects of Cyclone George on 9th March 2007. The purpose of this program is to advance understanding of the Volcanogenic Massive Sulphide (VMS) mineralisation at the Orchard Tank Prospect, as well as other existing and emerging VMS prospects.
The Company would also like to advise that results are expected to be reported to the market within the next two weeks for the following exploration activities already completed at Turner River:
In addition De Grey has also completed a 1,012m RC drilling program targeting zinc, silver and copper anomalies at the company's 2,600km2 Beyondie Base and Precious Metals Project, 160km south of Newman. This program has tested two base metal targets at Beyondie Bluff and Copper Hills, with 8 holes drilled into these greenfields targets. The results of this program are expected to be reported within the next three weeks.
De Grey's Managing Director Darren Townsend said "After a short delay due to the effects of Cyclone George De Grey will be full steam ahead (weather dependent) with the next extensive phase of exploration for De Grey. The next few months are shaping up as an exciting period for De Grey and I look forward to the results from our upcoming drilling programs". - Web Site
Change in substantial holding from MBL - Web Site
Details of Registered office/Change of Company Secretary - Web Site
Appendix 3B - Web Site
Change of Director's Interest Notice - Web Site
Yalgoo Iron Project Update - Web Site
Audio Broadcast - Web Site
Drilling Commences at Cargo Copper-Gold Property - Web Site
Appendix 3B - New Issue - Web Site
Director Resignation - Mr Mark Bojanjac - Web Site
Change of Director's Interest Notice - Web Site
Change in substantial holding - Web Site
Change in substantial holding - Web Site
Release of Securities from Escrow - Web Site
Initial Director's Interest Notice - Web Site
Initial Director's Interest Notice - Web Site
Initial Director's Interest Notice - Web Site
RCF & Xinfa Purchase Cape Alumina & MLM Shareholdings
TWO INTERNATIONAL GROUPS EXPAND HOLDINGS IN QUEENSLAND BAUXITE COMPANY - CAPE ALUMINA
BOTH ALSO BUYING SIGNIFICANT METALLICA SHAREHOLDINGS
Cape Alumina Ltd's Queensland bauxite project has received another significant boost with China's largest independent alumina-aluminium producer, Chiping Xinfa Huayu Alumina Co Ltd (Xinfa), increasing its stake in the Queensland company to 17.5% with the acquisition of an additional 7.5% shareholding from Anegada Metals Corporation Limited (Anegada).
At the same time, two USA equity fund groups - Resource Capital Funds III LP and IV LP (RCF) of Denver - have also purchased a combined 17.5% of Cape Alumina shares from Anegada (previously held 25% of Cape Alumina). RCF is also a 7.8% shareholder in Metallica Minerals Limited.
As a result of the latest restructure, Metallica Minerals Limited will remain the largest shareholder of Cape Alumina with 40% of the shares, the balance of the shares are now held by Xinfa (17.5%), RCF (17.5%), and Bondline Limited (25%).
Today's announcement of the new Cape Alumina share acquisitions follows the completion last week of Metallica's $4.6 million sale of 10% of Cape Alumina to Xinfa. (See attached ASX release from 16 March 2007).
In another development - and as part of this restructure - Metallica has been advised both Xinfa and RCF have acquired Anegada's entire Metallica shareholding, being 4.91 million shares at a price of 79c per share.
RCF will now hold approximately 10.95 million shares or 10.7% and Xinfa will hold 1.96 million shares or approximately 2% of Metallica's issued capital.
"This latest shareholding restructure of Cape Alumina's equity is a significant boost for the Company and provides us with the best opportunity of moving forward to advanced exploration in the Weipa bauxite region and development at the Wenlock bauxite project," Metallica's CEO/Managing Director, Mr Andrew Gillies, said today.
"The new shareholders bring a mix of industry experience, technical skills and financial backing to expedite development of the project. We are also pleased to see RCF enhance its Metallica interest and welcome Xinfa acquiring a significant initial holding in the Company" Mr Gillies said. - Web Site
Becoming a substantial holder - Web Site
Change in substantial holding - Web Site
Mutiny Agrees to A$3M Placement - Web Site
Change of Director's Interest Notice - Web Site
Drilling Process & Placement - Web Site
Change in substantial holding - Web Site
Change of Director's Interest Notice - Web Site
Change of Director's Interest Notice - Web Site
Appendix 3B - Web Site
Response to ASX Price Query - Web Site
Share and Option Issue - Corrected Notice - Web Site
Results of EGM - Web Site
Appendix 3B - Web Site
TSE ann: Alinta Sale - Web Site
Change in substantial holding from OXR
Letter to S/holders:T/O Offer by Oxiana Unconditional
OXR ann: Notice of Status of Conditions of the Offer
OXR ann: Institutional Acceptance Facility
Cerro Negro Drilling Results
Half Yearly Report/Half Year Accounts - Web Site
Avalon Minerals Lists on ASX Today - Web Site
TITANIUM RECOVERY STUDY ENCOURAGING
Aurox has completed a dedicated titanium recovery study on the Balla Balla "nonmagnetic tailings" material using microscopy and Scanning Electron Microscopy ("SEM") techniques. The tailing samples represent remains from the magnetic separation process used to produce iron concentrate from the Balla Balla ore. The analysis shows the nonmagnetic tailings contain significant amounts of large "free milling" Ilmenite grains which have the potential to be processed into titanium products.
Significant quantities of Ilmenite (FeTiO3) are present in the Balla Balla titanomagnetite orebody. Ilmenite is a high-value feedstock used to produce Titanium metals which are in increasing demand by aerospace and other hi-tech industries. Titanium dioxide (TiO2) is a common ingredient in white pigments used for paint and paper manufacture. The long-term forecast for Titanium metal and Titanium dioxide is very bullish, with Aurox receiving early expressions of interest from several parties wishing to purchase any titanium concentrates produced at Balla Balla.
Photomicrographs of the non-magnetic Balla Balla tailings clearly show large discrete Ilmenite grains. These observations were confirmed using SEM techniques at the University of Western Australia. The SEM study (particularly using SEM backscatter imaging) demonstrates that the Ilmenite content of all the Balla Balla samples examined was higher than the estimations determined using reflective microscopy.
The Ilmenite grains are identified by their high Titanium spectra which are easily distinguished from the titanomagnetite spectra. The SEM study confirms the dominance of Ilmenite, particularly in the coarser particle size fraction, which indicates that the grains may be easily recovered into concentrate using conventional low-cost processing methods.
A number of titanomagnetite operations in China and the former USSR produce Ilmenite concentrate from non-magnetic tailings following the iron ore concentration process.
Aurox has commissioned further testwork to evaluate the most efficient process for concentrating the Balla Balla Ilmenite. Typically, the weakly magnetic Ilmenite in the non-magnetic tailings is subjected to high-intensity magnetic separation followed by flotation; a process commonly employed in operating mines. Aurox will also deliver sample tailings material to overseas equipment manufacturers who have agreed to carry out Ilmenite recovery testwork in order to secure future equipment supply contracts.
- Web Site
Notice pursuant to Section 672(A) Corporations Act 2001 - Web Site
BHP Billiton Approves Major Capacity Expansion At Western Australian Iron Ore
BHP Billiton today announced approval for the Rapid Growth Project 4 (RGP4) which will increase system capacity across its Western Australian iron ore operations to 155 million tonnes per annum (Mtpa). Initial production is expected to commence in the first half of CY2010.
BHP Billiton has approved capital expenditure of US$1.85 billion for its share of the project, which includes development of a new crushing and screening plant, as well as additional stockyards, car dumping and train loading facilities at Mt Whaleback. Infrastructure upgrades will also be implemented at satellite orebodies and the rail and port operations.
President BHP Billiton Iron Ore Ian Ashby said RGP4 would deliver large-scale benefits to the Company, its customers, employees and local communities..........- Web Site
Market Price For BHP Billiton's Off-Market Share Buy-Back
The Market Price for BHP Billiton's off-market share buy-back (as defined in the Buy-Back booklet) is A$28.8488...........- Web Site
Baraka Receives Approval For Transfer Of Operatorship To ENI
Baraka Petroleum Limited (ASX: BKP) is pleased to announce that the Company has received formal approval from the Authority for the Promotion of Oil Research in Mali (AUREP) for the transfer of Operatorship to Italian oil and gas company, ENI S.p.A (Eni) for its five blocks (1, 2, 3, 4 and 9) in Mali, West Africa.
In November 2006, Baraka announced a Farm Out Agreement of a 50% interest and Operatorship of the five blocks (1, 2, 3, 4 and 9) in Mali, West Africa to Eni, and a 25% interest to Sonatrach International Petroleum Exploration and Production B.V.I. (SIPEX). Baraka retains 18.75% participating interest in all five Production Sharing Agreements in the Mali blocks, totalling approximately 193,200 sq. km
Under the terms of the farm out agreement, Baraka will recoup all past costs associated with Year 1 and Year 2 of the exploration program, and will be carried for up to US$10 million for Year 3 expenditure program starting on 28 April 2007. Baraka's expenditures to 5 March 2007 (excluding accruals) total approximately US$6.3 million.
The Company also advises that the Joint Venture has submitted its 2007 Work Program and Budget to AUREP for approval. The Work Program and Budget consist of plans to undertake the following additional exploration activities over the next 12 months:
Lignite Resource Confirmed - Web Site
Appendix 3B - Web Site
Que River Stage 1 Mining Approvals - Web Site
Change of Director's Interest Notice - Web Site
Early Redemption of Current Convertilbe Notes CBHG - Web Site
Notification of significant holding
Loans to Coal International
Ceasing to be a substantial holder from PMN - Web Site
Change in substantial holding - Web Site
Trading Halt - Web Site
Bidder's Statement - Web Site
Final Director's Interest Notice x 2 - Web Site
Appendix 3B: Issue of 1 million 2008 A Class Options - Web Site
SwaziGold Project - Web Site
Correction to Change of Director's Interest Notice - Web Site
Formal Opening of the German Creek CMM Project - Web Site
Uranium Bankable Feasibility Commenced by Equinox
Equinox Minerals Limited (TSX and ASX symbol: "EQN") ("Company") has commenced a Bankable Feasibility Study ("UFS") on the uranium resources which occur within, and adjacent to, the Lumwana Copper Project ("Lumwana") orebodies that are currently being developed in the North Western province of Zambia.
The Company completed a Bankable Feasibility Study in 2003 ("2003-BFS") at Lumwana which included work on the extraction of the uranium mineralization to produce uranium oxide ("Yellowcake"), an evaluation of the Lumwana uranium resources (which entailed resource definition and metallurgical test work) and the design and costing of a separate process plant specifically for the extraction and processing of Lumwana uranium ore.
With Lumwana now fully permitted and under construction and in light of the robust and strengthening long-term uranium market, the Company has commenced the UFS to review and update the 2003-BFS.
Uranium Feasibility Study
To this end, the Company is pleased to announce that Ausenco Limited ("Ausenco") (ASX symbol: "AAX") has been contracted to manage and implement the UFS. A four phase program has been designed for the UFS to:
- Review the 2003-BFS uranium study including resources/reserves, metallurgy and process plant design;
- Conduct a further metallurgical testwork program;
- Design a processing plant and infrastructure to produce Yellowcake on-site; and
- Prepare capital and operating cost estimates with an accuracy of +15%.
Ausenco, in joint venture with Bateman Engineering NV, are currently engaged for the EPC construction contract on the Lumwana copper project. In preparation to execute this new contract, Ausenco has assembled a team with considerable uranium expertise that will work in parallel with their construction team already on-site at Lumwana. The UFS has commenced and is anticipated to be completed in Q1-2008.
Lumwana Uranium Resources
Uranium within the Malundwe and Chimiwungo copper deposits occurs as discrete uranium-enriched zones that will be separately mined during the copper mining operation. Lumwana Uranium Mineral Resources have been estimated at 9.5 million tonnes grading 0.093% U3O8 Indicated, and 2.6 million tonnes of 0.042% U3O8 Inferred, for a combined total of 21.4 million pounds of contained U3O8 (see Company press release May 02, 2005). The Lumwana uranium resource has been estimated using a 0.01% uranium cut-off grade and is consistent with JORC/NI43-101 requirements, as detailed in the Technical Report (October 2006) on www.sedar.com. An infill drilling program will be conducted as part of the UFS to facilitate mine design and develop proven and probable reserves.
Equinox President and CEO, Craig Williams commented that "the positive long-term outlook for uranium has the potential to further enhance the economics of the Lumwana Project if a uranium by-product is economically viable. The Company is evaluating this potential and considering alternatives for realizing any uranium development option. This Uranium Feasibility Study will however not impact on Equinox's current construction schedule for the commissioning of the Lumwana Project in Q2-2008."
Lumwana, owned 100% by Equinox, is located in the North Western Province of the Republic of Zambia. It is anticipated that the Lumwana mine will produce an average of 169,000 tonnes of copper metal per year contained in concentrates for the first 6 years of its 37 year mine life.- Web Site
Annual Report - Web Site
Marree Project - Radiometric Anomaly Identified - Web Site
Pricing Commentary - Web Site
Trading Halt Request - Web Site
Trading Halt - Web Site
Project Update - Web Site
Resource Delineation Drilling Update - Kodu Deposit - Web Site
Yalgoo Iron Project Update - Web Site
Appendix 3B - Web Site
Paulsens Gold Mine Update - Web Site
GSE:East Musgrave Joint Venture - Independence Group NL - Web Site
Appendix 3B - Web Site
Half Yearly Report & Half Year Accounts - Web Site
Drilling & Operations/Project Update March 2007 - Web Site
Appendix 3B - Web Site
RCF & Xinfa Purchase Cape Alumina & MLM Shareholdings - Web Site
Senior Staff Appointment - Exploration Manager Canada - Web Site
Adds Four Tenements to SA Musgrave Exploration Land Holding - Web Site
Appendix 3B - Web Site
Kreyenhagen Well 4 Results & Testing Commences - Web Site
AZA ann: Anzon is not bidding for Nexus - Web Site
Change in substantial holding - Web Site
Additional Copper Mineralised Areas Found at Copper Flats - Web Site
Appendix 3B re Option Conversion - Web Site
Quarterly Report Ended 31 December 2006
Appendix 3B - Web Site
Change in substantial holding - Web Site
Reinstatement to Official Quotation - Web Site
Placement & Shareholder Purchase Plan - Web Site
Rio Tinto plc share transaction 22Mar07 - Web Site
Moolart Well - Significant New Gold Intersections - Web Site
Change of Director's Interest Notice - Web Site
CAMDEN GAS PROJECT DRILLING AND PRODUCTION UPDATES
Sydney Gas Ltd today advised that the Camden Gas Joint Venture between Sydney Gas Ltd and AGL Energy Ltd completed the drilling of deviated wells RB08 and RB09 on 2 March and 15 March 2007.
Dr Phillip Moore, Managing Director of Sydney Gas Ltd said that wells RB08 and RB09 completed drilling after reaching a total depth of approximately 710m and 784m respectively. "Wells RB08 and RB09 intersected the Bulli seam at measured depths of 650m and 720m respectively. Both wells have been cased and cemented and are now ready for fracture stimulation, which is scheduled for May," Dr Moore stated.
"Dewatering of surface to in-seam wells (SIS) GL14 and GL15 is progressing very satisfactorily. GL14 has produced gas at an average rate of 960 Mscf/day for the period of 1-18 March 2007 and is the best producing well in the field. As at 19 March, GL15 produced gas at an approximate rate of 600 Mscf/day. GL15 has not stabilized at this production rate; it is currently increasing production at 10 - 20 Mscf/d."
"We expect both wells will continue to clean up prior to maximum gas production, which is characteristic of the historical performance at Camden. However, at present there is some evidence that bottlenecks in the surface gathering network are limiting the combined flow from these two wells in the Glenlee area, which are produced into the same section of the network system."
A third SIS well, EM34, is in the early stages of dewatering and is already showing signs of gas production. This well is being monitored closely to evaluate its production potential as it has been drilled in a geological area within the field that is thought to have lower permeability than GL 14 and GL 15.
At present more than 13 TJ/day of gas is being produced through the Camden Plant, which is the highest sustained daily performance to date. A higher flow rate and resulting higher ultimate recovery is expected from an SIS well compared to a vertical well as a result of the larger drainage area to be swept by an SIS well. Reservoir simulation studies indicate well performance of 2-6 times that of a vertical well depending on reservoir heterogeneity.
To date three SIS wells have been drilled in the Camden Project area. The Joint Venture is planning to drill up to a further three SIS wells during this financial year, although recent weather related delays may see this target slip into the following financial year. It is anticipated that the application of this drilling technique will allow further commercial exploitation of gas reserves that would otherwise be difficult to access. - Web Site
CONVENTIONAL GAS EXPLORATION IN THE SYDNEY BASIN - AP01 RE-ENTRY
Sydney Gas Ltd (SGL) is a participant in the Joint Ventures, which operate Petroleum Exploration Licences 2, 5 and the Camden CSG field. The Joint Venture has identified four potential locations within the Camden development where wells may be drilled to assess a new conventional gas exploration target, a pinch-out structure in the Lower Wilton formation, specifically the Marrangaroo conglomerate, a lower permeability, fluvial sandstone.
The first of these sites is AP01, which is the location of a previous CSG exploration well, which could be re-entered and deepened to the Marrangaroo horizon.
Rig-28 was moved to the AP01 location on the 6 March, subsequently re-entering the existing well and tagging cement at 676m. In has drilled forward a 4 3/4" open-hole, using a water based mud system to 860m, which was approximately 12m above the original Marrangaroo horizon prognosis of 872m.
At this point the well was converted to air-based drilling to limit "formation invasion" by water from the drilling mud, while drilling through the Marrangaroo, although this can make identification of formation horizons more difficult and did so on this occasion. The overlying coal marker, the Woonona Coal, though poorly developed was identified at 876m, approximately 7m deep to prognosis, which is within normal error margins. The top Marrangaroo was encountered at 885m - 890m, 15m - 20m deeper than prognosis, which needs to be confirmed by wireline logs. The well was then drilled on to a total depth of 938m.
The well was shut-in over night with wellhead pressure building to a little over 50 psi. Two gas samples have been obtained for analysis which may assist in identifying hydrocarbon gas concentration in the open-hole interval.
Estimates of formation permeability, based on a very limited flow test suggest permeability much less than was being targeted in the Marrangaroo conglomerate.
The go-forward plan is to convert back to a water-based KCl mud system, which is more suitable for a full suit of wireline logs, prior to logging, which will be done next for a more precise identification of these horizons.
AGL Energy Ltd, the operator of the Camden Gas Project in a 50-50 joint venture with Sydney Gas Ltd, has been responsible for supervising the drilling of the AP01 exploration well. - Web Site
SA Uranium Exploration Update - Web Site
Summit welcomes Beattie's support for uranium mining
MEDIA STATEMENT
Summit Resources managing director Alan Eggers said Queensland Premier Peter Beattie's renewed support for uranium mining would unlock the potential of one of the world's best uranium provinces at Mount Isa.
Mr Beattie yesterday said from Africa that he had dropped his opposition to new uranium mines in Queensland, ahead of next month's Australian Labor Party federal conference, which is anticipated to scrap the no new mines policy.
Mr Eggers said: "Peter Beattie's support has the potential to create billions of export dollars for Australia and hundreds of jobs for the Queensland economy,"
Summit Resources controls the majority of Queensland's extensive uranium deposits, with interests in more than 18,750km2 of tenements around Mount Isa.
Drilling results to date have delineated 73 million pounds of uranium resources in the Mount Isa project area. All of the deposits being drilled by Summit remain open along strike and Summit is pursuing a drilling program that it expects will deliver substantial growth in uranium resources in the future.
The price of uranium is tipped by a number of leading analysts to top US$100 a pound this year, due to supply constraints and increased international demand for nuclear fuel to combat greenhouse emissions.
"Mr Beattie's support is a sensible and pragmatic move which will help guarantee the continued strength of Queensland's resource industry," Mr Eggers said.
"It now seems likely that the Australian Labor Party will scrap its no new mines policy next month and this will allow Summit to move forward to create a significant new mining project and many new jobs in Queensland."
"Mr Beattie's support will help us unlock the tremendous value of Summit's extensive uranium interests in Queensland," Mr Eggers said.
"After years of delay due to this policy, we are relishing the prospect of finally being able to get development underway.
"We expect to create very significant value for all of our shareholders as we achieve our longstanding objective of developing a world class project in a world class mining location." - Web Site
HIGH GRADE COPPER AND GOLD HITS IN ROSEBY COPPER PROJECT
The directors of Universal Resources Limited (‘Universal') are pleased to report success in the Company's program to delineate high grade resources at its Roseby Copper Project (RCP). Drilling at Bedford North and Lady Clayre "Zone F" copper-gold sulphide deposits has returned the following high grade copper-gold intersections.
HIGHLIGHTS
Bedford North:
Lady Clayre:
The Bedford and Lady Clayre drilling programmes were part of a program to upgrade high grade resources at Roseby from the Inferred to Indicated and Measured resource categories.- Web Site
Audio Broadcast - Market Update March 2007 - Web Site
Drilling Progress Report - Thomas Well No 1 Kentucky - Web Site
Change in substantial holding
Trading Halt - Web Site
Change of Director's Interest Notice - Web Site
|
Thursday 22 March 2007 (Close of Business - New York)
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| All Ords | 5935.4 | +89.1 | Dow Jones | 12,461.14 | +13.62 | |||
| ASX100 | 4812.8 | +76.1 | S&P 500 | 1434.54 | -0.50 | |||
| ASX200 | 5955.7 | +93.8 | Nasdaq | 2451.74 | -4.18 | |||
| ASX300 | 5966.6 | +92.8 | NYSE Volume | 3,130,350,000 | ||||
| Materials (Sector) | 11,460.0 | +167.0 | US 10-Year Bond | 4.589% | +0.071 | |||
| All Ords Gold (Sub Industry) | 4622.8 | +124.6 | Gold - spot/oz | US$663.30 | +4.50 | |||
| Metals & Mining (Industry) | 3861.4 | +58.2 | Silver - spot/oz | US$13.39 | +0.16 | |||
| Energy (Sector) | 12,489.0 | +291.3 | Platinum - spot | US$1236.00 | +7.00 | |||
| AGC Macquarie Au | 5017 | +139.1 | Palladium - spot | US$352.00 | +4.00 | |||
| Hartleys Explorers Index | 15,887 | na | Uranium - spot US$/lb | US91.00 | unch | |||
| Shanghai Composite | 3071.2 | +13.8 | Bridge CRB Futures Index | 406.76 | +3.21 | |||
| Hang Seng | 19,690.3 | +173.8 | Light Crude (NYM - $US per bbl.) | US$61.69 | +2.08 | |||
| Nikkei | 17,419.2 | +256.0 | Natural Gas (NYM - $US/mmbtu) | US$7.44 | +0.17 | |||
| India BSE 30 | 13,308.0 | +362.2 | Copper (LME - spot $US/tonne) | 6845 | +185 | |||
| FTSE 100 | 6318.0 | +61.2 | Lead (LME - spot $US/tonne) | 1953 | +32 | |||
| German DAX | 6857.0 | +144.9 | Zinc (LME - spot $US/tonne) | 3221 | +63 | |||
| A$ = US80.60 | -0.16 | Nickel (LME - spot $US/tonne) | 48,200 | +1,100 | ||||
| A$ = 95.19yen | +0.19 | Aluminium (LME - spot $US/tonne) | 2787 | +29 | ||||
| A$ = 0.605Euro | +0.002 | Tin (LME - spot $US/tonne) | 14,130 | +170 | ||||
| Click on Links to Access Charts | ||||||||
Wall Street finished mixed Thursday, nudging the Dow Jones industrials higher for a fourth straight session but moving cautiously as investors awaited new data to assess whether their hopes for an interest rate cut are justified. Falling unemployment claims and strength in markets overseas kept stocks from sinking after this week's surge.
Broader indicators slipped. The Standard & Poor's 500 index fell 0.50, or 0.03 percent, to 1,434.54. The technology-dominated Nasdaq composite index declined 4.18, or 0.17 percent, to 2,451.74, pulled lower in large part by Motorola's warning (will post a loss for the first quarter due to declining sales).
Advancing issues narrowly outnumbered decliners, on slightly lower volume, on the New York Stock Exchange.
Crude oil rose above $61 a barrel in New York on speculation that demand will jump as U.S. refiners increase output in preparation for the summer driving season. U.S. gasoline supplies slipped 16.7 million barrels, or 7.3 percent, to 210.5 million barrels in the past six weeks, the Energy Department report showed.
Copper prices in New York rose to the highest in more than three months as demand strengthened in China, the world's biggest consumer of the metal. China's copper imports in February were more than double the same month last year as its construction industry entered its peak-demand period, a report by China's customs office showed.
Nickel broke a three-day drop in London on speculation that stockpiles of the metal haven't gained enough to offset the impact of possible disruption to supplies. Demand exceeded supplies by 7,000 tons in January, the England- based World Bureau of Metal Statistics said yesterday.
Most other metals rose.
Gold and silver futures climbed Thursday to close at their highest levels in three weeks as rallying crude-oil prices and bullish sentiment tied to a Federal Reserve statement on interest rates helped gold mark a sixth-winning session in a row.
Section 708A Notice - Web Site
Appendix 3B - Web Site
Issue of ARW Shares - Secondary Trading Notice.22/03/07 - Web Site
Change of Director's Interest Notice - Web Site
Change of Director's Interest Notice - Web Site
Change in substantial holding from INT - Web Site
Appendix 3B - Web Site
Entitlement Issue Prospectus Despatched to Shareholders - Web Site
PEL 182 Joint Venture Cooper Basin & Award of New Permit - Web Site
Sale of Fijian Assets - Web Site
Appendix 3B: Exercise of 4492523 Options - Web Site
New Farmin and Joint Venture Agreement - Web Site
MIS ann: Future Funding Requirements - Web Site
Appendix 3B - Web Site
Announcement of $16.5 Milion Capital Raising - Web Site
Paulsens Gold Mine Update
March 22, 2007 - Intrepid Mines Limited (TSX: IAU, IXN & ASX: IAU), an international gold and silver production, development and exploration company, advises that the March 2007 quarter has recorded grade improvement at the Paulsens Gold Mine with production expected to exceed 17,000 ounces for the current quarter being a 16% increase on the previous quarter. During March 2007 the mine produced its fourth tonne of gold, passed the half way mark in its hedge delivery program and has reserved funds towards the next scheduled debt repayment to pass the half way mark in its debt facility repayment program. Mine development is currently six months ahead of immediate stoping requirements and ore stock tonnage is at the highest level since commissioning.
As announced in January 2007, Mr. Brett Lambert, has completed his contract as Chief Operating Officer and Executive Director. Mr. Lambert will continue as a non-executive Director. Mr. Rod Jacobs formerly General Manager - Paulsens Gold Mine has accepted the expanded role of General Manager - Australian Operations. - Web Site
$7 million Sale of Wallbrook resources to Saracen Minerals - Web Site
Appendix 3B - Web Site
Appendix 3B: Option Exercise - Web Site
Fifth Supplementary Target's Statement - Web Site
LRF's ann:Provision of A$10.0m Funding Facility to Oilex Ltd - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Ceasing to be a substantial holder - Web Site
Change in substantial holding - Web Site
Wonnich Deep-1 Exploration Well Update
Location
The Wonnich Deep-1 well is located in Production Licence TL/8 and is being drilled from the existing Wonnich Platform. The Wonnich Deep-1 prospect lies underneath the producing Wonnich Flag gas reservoir and Wonnich Platform.
Progress
As at 6.00am today the well had drilled to its total depth.
Wonnich Deep-1 has intersected the Upper Jurassic Dupuy Sandstone objective, encountering an overall section of approximately 60 metres. The sand development in this section is relatively poor, with total net sand thickness of approximately 10 to 15 metres. The presence of hydrocarbon shows and logging while drilling results suggest these sands are gas bearing.
Further evaluation of this Dupuy Sandstone section is currently being considered.
Tap Comment
Wonnich Deep-1 has successfully encountered what appears to be a thinly bedded gas bearing Upper Jurassic Dupuy sandstone interval. Further evaluation is likely to be required to confirm that these gas sands are producible.
As previously reported, the shallower Flag reservoir target contained an un-swept gas zone in what is possibly a separate compartment of the Wonnich Field. The evaluation of the deeper gas zone will determine the way forward on development options; whether one or both levels will be completed for production.
The Wonnich Deep-1 well is being drilled from the Wonnich platform so further success at the deeper level will allow for relatively rapid development and tie-in to production facilities at Varanus Island. - Web Site
Appendix 3B - Web Site
ACS Assay Results Confirm New Vanadium Province for WA - Web Site
Initial Director's Interest Notice x 3 - Web Site
Becoming a substantial holder - Web Site
Initial Reverse Circulation (RC) drill results from Seven Hills gold prospect (NSW)
BEACH PETROLEUM JOINS NEW CAMPAIGN TO INCREASE OIL OUTPUT FROM SOUTHWEST QUEENSLAND
Economic oil reserves in under-explored areas of far southwest Queensland are to be targeted in a significant new drilling campaign announced today by Beach Petroleum Limited (ASX "BPT").
Beach's heightened interest in the province is part of its new involvement in the Cooper Oil Program (COP) led by Operator, Santos Limited.
The announcement also coincides with a more aggressive exploration drive by Beach to build a stronger oil and gas business on the immediate Queensland side of the border with South Australia.
Under the new campaign, at least 24 appraisal and exploration wells will be drilled in the Naccowlah Block during the current quarter as part of the COP, while Beach will independently undertake new exploration drilling in ATP633P, south of the Naccowlah Block and appraisal drilling near its Bodalla Block oil fields to the east of Naccowlah.
The Naccowlah Program itself will cost Beach A$21 million and potentially add a further 1,000 barrels a day to Beach's net production.
Beach Petroleum's current proved and probable reserves are greater than 100 million barrels of oil equivalent and the Company is confident that its activities in the Cooper Basin offer a relatively low risk opportunity to replenish and build these reserves while increasing production capacity substantially.
The schedule is one of the most intensive to be applied to the area and is the first under the Cooper Oil Program to specifically target the highly prospective Naccowlah tenements...... - Web Site
Appendix 3B: Employee Incentive Plan - Web Site
Change of Director's Interest Notice - Web Site
Suspension from Official Quotation (Convertible Notes) - Web Site
Half Year Accounts - Web Site
A new or updated report [Intersuisse - Junior Resource Monitor] has been posted to the DIORO EXPLORATION NL web site.
A new or updated report [Carmichael Research Report] has been posted to the DIORO EXPLORATION NL web site. - Web Site
SW Queensland - Weekly Drilling Update - 21 March 2007
Drillsearch Energy Limited ("Drillsearch") announces its Weekly Drilling Update for SW Queensland. Drilling operations continue with one (1) rig at the Tintaburra Block while Precision Drilling Rig PDI-724 began operations this week at the Naccowlah Block with Gunna North 1.
Rig PDI-735 spudded Huckleberry 2, an oil delineation well, on 14 March 2007. Oil shows were encountered in the Birkhead reservoir interval and wire line logs indicated approximately 2-3 m of net oil pay. The well has been cased and suspended as a potential future oil production well.
Huckleberry 2 has proved a potentially significant north/western extension of the Mulberry Oil Field
The rig was released on 20 March 2007, to move the Mulberry 44 well location.
Rig PDI-724 spudded the Gunna North 1 oil delineation well on 15 March 2007. Oil shows were encountered in the primary target, the Murta Member of the Mooga Formation. 2.4 m of net oil pay has been interpreted in the Murta Member and the well has been cased and suspended as a future oil production well. The rig was released on 21 March 2007 to the Tequila 1 location. - Web Site
Board Room Audio Broadcast - Web Site
ERA grants 30 year Power Generation Lincense - Web Site
Change of Director's Interest Notice - Web Site
Ceasing to be a substantial holder - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Change of Director's Interest Notice - Web Site
IAMGOLD Completes Bauxite Sale
IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG)(NYSE:IAG)(ASX:IGD)(BSE:IAMGOLD) is pleased to announce the closing of the sale of IAMGOLD's interest in Omai Bauxite Mining Inc. ("OBMI") and Omai Services Inc. ("OSI") to Bosai Minerals Group Co., Ltd. ("Bosai Minerals"), pursuant to a Share Purchase agreement originally announced on December 19, 2006. Cash proceeds of $28.5 million have been paid to IAMGOLD. In addition, the transaction results in a reduction of the Company's third-party debt by $17.7 million. - Web Site
Appendix 3B - Web Site
INL: Termination of Jervois Merger Proposals - Web Site
Initial Results Confirm Previous Work & Indicate Upside - Web Site
Appendix 3B - Web Site
CEO Presentation to Paydirts Uranium Conference in Adelaide - Web Site
Investor Presentation - Paydirt Conference - Web Site
FOURTH KREYENHAGEN WELL DISCOVERS OIL AND GAS COMPLETION RIG BEING MOVED IN TO COMMENCE TESTING AND DETERMINE FUTURE DEVELOPMENT LOCATIONS
The Directors of Nuenco NL ("Nuenco") (ASX code NEO) are pleased to announce completion of the drilling of the fourth development well at Kreyenhagen.
Given the promising results achieved from the initial four wells, the Operator has decided to accelerate the testing and appraisal program for these wells to commence immediately with multiple targets. It is expected to take several weeks and once that is complete, and results analysed, the joint venture expects to recommence drilling development wells with a more informed view on the primary objective, potential productivity from the wells, and the potential of prospective intervals.
"Nuenco is pleased the Operator and partners have agreed to accelerate the testing program. Testing the initial wells will determine the commerciality of the project on a larger scale and will help to optimize development of the field. The drill bit is the best indication of what we are dealing with at Kreyenhagen and in this case the drill bit has produced better results than expected. The testing now starting will help us to determine the reservoirs potential and assist in the location of additional development wells to best access the reserves..... - Web Site
Results of General Meeting - Web Site
Appendix 3B - Web Site
LinQ MEZZANINE FINANCE FACILITY A$10 MILLION
Oilex Ltd (ASX & AIM Code: "OEX") is pleased to advise that it has reached an agreement with LinQ Resources Fund for the extension of the term of the existing A$5M mezzanine finance and for the provision of an additional A$5 million mezzanine finance facility to assist Oilex in funding the development of its Indian production interests, including the drilling of wells in the Cambay Field. The term of the existing facility has been extended by 12 months, with the additional A$5M facility to be repaid in 2 years.
Oilex welcomes the continued support of LinQ in the development of the Company's oil and gas projects, and as a longer-term investor. As part of this facility, 2.5 million unlisted options exercisable at A$2.00 over a four-year term are to be issued. - Web Site
Drilling Report
WELL NAME: Juha 5
Oil Search reports that as at 0600 on 22 March, the Juha 5 well was at a depth of 3,614 metres and drilling ahead in 6 3/4"hole.
During the week, two more cores were cut in the Toro reservoir section. In total, 30.4 metres of core has been recovered and hydrocarbon shows have been observed in core chips across the interval. The well will be drilled to a suitable total depth below the reservoir to allow wireline logs to be obtained in the next few days.
Juha 5 is located 40 kilometres north-west of the Hides gas field. Three wells were drilled on the Juha structure in the early 1980s, and proved the presence of a condensate-rich gas accumulation. No gas-water-contact was located in these wells and the Juha 5 well is drilling deeper on the structure with the aim of constraining the vertical gas column height. The well is targeting the Toro reservoir at a depth of around 3,000 metres subsea, 3,550 metres MD. The planned total depth of the well is 3,700 metres MD.
The well will be followed by a second well which will drill a large, untested segment adjacent to the proven segment. The objective of the two wells is to increase considerably both the proven and probable reserves.
WELL NAME: Kutubu 2
Oil Search reports that as at 0600 on 22 March, the Kutubu 2 exploration was at a depth of 953 metres and pulling out of the hole in preparation to run and cement 13-3/8" casing. Drilling progress for the week was 867 metres.
Kutubu 2 is located in PPL 219, and is 18 kilometres east of the main Iagifu-Hedinia field, and 12 kilometres east of the Arakubi prospect. The primary objective is the Toro Sandstone with a secondary target in the Iagifu Sandstone. The planned total depth of the well is 2,300 metres MD.
WELL NAME: Ghard-1ST
Oil Search reports that as at 0600 hrs Egypt time (+3 hrs GMT) on 21 March, Ghard-1ST was at a depth of 3,436 metres and drilling ahead in an 8 1/2" hole. Progress for the week was 229 metres.
During the week, oil shows were observed in the Bahariya Formation
Ghard-1 is located in the East Ras Qattara concession, Western Desert, Egypt, 12 kilometres north-east of the recently drilled Shahd-1 discovery. Ghard-1 is Oil Search's second well in an extended drilling programme of probably four wells in the East Ras Qattara block in 2007.
The objectives of the Ghard-1 well are reservoirs in the Cretaceous Abu Roash, Bahariya and Alam El Bueib Formations, with a prognosed total depth of 3,950 metres. Production storage facilities are located in nearby adjacent concessions....
WELL NAME: Kasad-1
Oil Search reports that at 0600 hrs Yemen time (+4 hrs GMT) on 21 March, the Kasad-1 well was at a total depth of 1,920 metres and the testing programme was underway.
During the week, the first test (DST-1) in the primary Qishn target was perforated and flow testing using an ESP has commenced. It is anticipated that results of this test will be known in the next few days.
The Kasad-1 well is testing a four-way dip closed structure updip of the recently drilled Ghobata structure. The primary objective of the well is the Qishn Clastics and fractured Basement, with secondary objectives in the Lam and Kuhlan Sandstone. The planned total depth of the well is 2,000 metres.
WELL NAME: Riyan-1
Oil Search reports that as at 0600 hrs Yemen time (+4 hrs GMT) on 21 March, the Riyan-1 exploration well was at a depth of 1,208 metres in a 17-1/2" hole. Progress for the week was 276 metres
During the week, 17 1/2" hole section was completed and 13-3/8" casing was run. The Riyan-1 well is located in Block 15, offshore Yemen, in 562 metres of water.
The primary objective of the well is to test a structural closure containing clastic reservoirs of the Late Oligocene Upper Ghaydah Formation.
The planned total depth of the well is 2,738 metres. This is the first well in a two well back-to-back programme in the block.- Web Site
OXIANA DECLARES AGINCOURT OFFER UNCONDITIONAL
ACCEPTANCES OVER 50% RECEIVED
Oxiana Limited ("Oxiana") is pleased to announce that the offer for Agincourt Resources Limited ("Agincourt") has today been declared unconditional with acceptances for 52.05% plus 3.786% pursuant to the Institutional Acceptance Facility, giving a total of 55.836% of Agincourt shares received to date (the "Offer").
Oxiana will now use its best endeavours to ensure Agincourt shareholders who have accepted the Offer will receive their Oxiana shares within 14 days and therefore prior to the 2006 final dividend record date of 17th April.
With the Offer having been declared unconditional, Oxiana encourages all remaining Agincourt shareholders to accept the Offer now. Agincourt shareholders who do not accept the Offer by the closing date (30 March 2007) risk not becoming entitled to the Oxiana dividend.
Agincourt shareholders who have any questions on how to accept the Offer can contact the Oxiana Offer Information Line on 1800 757 455 (or +61 2 8280 7490 for foreign callers) or should contact their broker or financial adviser as soon as possible. - Web Site
Beltana Zinc Mine Commences Ahead of Schedule and Under Budget
Perilya Limited (ASX:PEM) announced today that mining had commenced ahead of schedule and under budget at its 100 per cent owned Beltana high grade zinc mine in South Australia.
The Beltana mine is the first phase of the Flinders Project and will involve direct shipment of high grade zinc oxide ore through Port Pirie to smelters in Asia. The first shipment is expected early in 2008 with sales continuing over a two to three year period. Contained zinc sales for the 2007/2008 financial year are forecast at 15,000 tonnes increasing to 20,000 tonnes in subsequent years.
Development of the first phase of the Flinders project was approved by the Board based on favourable returns generated by the mining and direct shipment of 150,000 tonnes of high grade (38%) zinc oxide ore (57,000 tonnes of contained zinc) from the Beltana mine.
The Feasibility Study showed a pre-tax net cash flow of $50.6 million (assuming an average US$1.25 per pound zinc price and US$0.78 exchange rate) with an IRR of 84 percent. A US$0.10 per pound change in the zinc price has a A$9 million impact on the pre tax cashflows of the Beltana project..... - Web Site
Appendix 3B - Web Site
Placement and Shareholder Purchase Plan
The Board of Reed Resources Ltd (ASX Code: RDR) is pleased to advise that it has received irrevocable commitments from RAB Special Situations (Master) Fund, to subscribe for 4,761,904 shares at $0.42 (42 cents) per share to raise $2.0 million before costs ("the Placement"). The shares to be issued are within the discretionary capacity of the board under the ASX Listing Rule 7.1.
It is contemplated that a s.708A (6) Corporations Act notice will be given to the ASX at or about the time of the issue.
The placement was arranged by Transocean Securities Pty Ltd ("Transocean").
The Board of Directors have also determined to make an offer to eligible shareholders, pursuant to a Share Purchase Plan (SPP), to subscribe for additional fully paid ordinary shares in the Company worth up to $5,000 per eligible shareholder. The offer is limited in aggregate to $5,000,000, being 11,904,762 shares at $0.42 (42 cents) per share. The SPP will be fully underwritten by Transocean subject to the Company entering into an Underwriting Agreement acceptable to Transocean
Use of Funds
Funds raised from subscription monies in relation to the Placement and SPP will be used to advance two of the Company's wholly owned resources, including funding the feasibility study on the Barrambie Vanadium Project. The first results from the 142 hole RC drilling program at Barrambie confirmed the exceptional tenor and continuity of the vanadium mineralisation over the southern end of the deposit. Results from the remaining 100 holes will be announced over the coming weeks, and they are expected to confirm the continuity of the vanadiferous mineralisation throughout the entire 11 km strike length of the granted Mining Lease (M57/173)....
Shareholder Purchase Plan Details
The offer of shares under the SPP will be made at $0.42 (42 cents) per share, being approximately a 16% discount to the weighted average sale price of the Company's shares traded on the Australian Stock Exchange during the period 15 March 2007 and 21 March 2007. The offer is limited in aggregate to $5,000,000, being 11,904,762 shares. In the event of over-subscriptions, the shares offered under the SPP, will be allocated to applicants on a pro-rata basis. No brokerage, commission or other transaction costs apply to shares issued under the SPP.....- Web Site
Appendix 3B - Web Site
Suspension from Official Quotation (Convertible Notes) - Web Site
Appendix 3B - Web Site
SNAPPER No. A-1 - OPERATIONS UPDATE
Current Depth: 1,870.5 metres (Reported depths are below the Rotary Table (RT) on the rig floor).
Progress: Well commenced drilling at 4:00pm on 14 March 2007 (WDT). The well is presently at 1,870.5 m RT and is drilling ahead of schedule.
Hydrocarbon Indications : Hydrocarbon shows will only be reported after wireline logs have been run and evaluated at the Total Depth of the well.
Primary and Secondary Targets : The Snapper No. A-1 well is targeting tested and interpreted bypassed gas from the Hackberry A-1 and A-2 Sands, as well as attic oil updip to proven production. The high quality Hackberry sands can be prolific producers of oil and/or gas. - Web Site
Tennant Creek Gold Presents at Mining and Resources Convention October 2007
The Directors of Tennant Creek Gold would like to let you know that they will be presenting the Manbarrum Project at the Mining 2007 Resources Convention Investors Conference in Brisbane between 31 October and 2 November 2007. - Web Site
Response to ASX Query re: Share Price - Web Site
Appendix 3B - Web Site
Disclosure Document - Web Site
Great Western Exploration Limited - Disclosure Document - Web Site
Investor Presentation - Web Site
Notice of General Meeting
Change in substantial holding - Web Site
Change in substantial holding - Web Site
Oaklands Ethanol Project - Web Site
Assay results confirm new vanadium prov for West Australia - Web Site
Paydirt Uranium Presentation - Web Site
Media Release: Encouraging Uranium Results - Web Site
Change in substantial holding from OXR
Ceasing to be a substantial holder
OXR: Declares Agincourt Offer Unconditional
OXR: Offer for Agincourt Shares Declared Unconditional
OXR: Institutional Acceptance Facility
Appendix 3B - End of Escrow Period - Web Site
Change in substantial holding - Web Site
Open Briefing Alkane Progress on Project Development - Web Site
Uranium program to commence at Sylvania - Web Site
Trading Halt - Web Site
Becoming a substantial holder - Web Site
Becoming a substantial holder - Web Site
Energy Project MOU Extension - Web Site
Diamond Drilling and Surface Trenching from Breznik Bulgaria - Web Site
Appendix 3B New issue announcement Employee Incentive Plan - Web Site
Que River - Stage 1, Mining Approvals
Bass Metals Ltd is pleased to announce that today it received written advice from the Waratah Wynyard Council that it has approved the Que River Stage 1 Development Application. The operating conditions attached to the permit are consistent with the Company's Development Proposal & Environmental Management Plan (DPEMP) for the Stage 1 mine development. The Company now has all the approvals required to commence this mining operation.
The mining phase of the trial programme at Que River is almost complete. Crushing and processing of the bulk sample is planned to commence next week. - Web Site
Melbourne Mining Club - Presentation - Web Site
Appendix 3B - Web Site
Short Form Prospectus for Non-Renounceable Rights Issue - Web Site
STX ann: Significant Gas Shows in McGall 1 Well - Web Site
Update on Planned Drill Testing: Olympic Domain IOGG Targets - Web Site
High Gold Grades Continue - Web Site
2006 Annual Report & 2007 AGM Notice - Web Site
Appendix 3B - Web Site
Raises $12.32m for expanded Phase 2 prog in Thailand - Web Site
Presentation - Paydirt 2007 Uranium Conference - Web Site
Recommences RC drilling - Yandal Project - Web Site
MXR: Uranium Anomaly Located in Marree Project JV with ERO - Web Site
Trading Halt - Web Site
North American Activity Update
USA Gulf Coast
Kicker Prospect, Vermillion Parish, South Louisiana (FAR 5%)
Marceaux #1 at 10,820 feet
The Marceaux #1 well spudded on 28 February using Great Wall Drilling Rig 172 and is currently at 10,820 feet after running 13 and 3/8 inch casing to 4,015 feet.
The well will evaluate the Kicker Prospect located on a 1,017 acre lease block in Vermillion Parish, South Louisiana. The prospect is supported by a combination of subsurface well control and 3D seismic and is located on the northwest flank of the Kaplan field that has produced 300 BCF gas....
Wild River Project
Alberta Canada
3D Seismic Program commences
FAR, in partnership with a major Canadian company, has completed shot hole drilling in preparation for the recording of a 3D seismic survey in the Alberta Deep Basin, located in Western Canada.
The survey is expected to take two days and will be acquired over several existing leads defined by earlier 2D seismic supported by subsurface well control. Processing will be undertaken by Sensor Geophysical in Calgary....- Web Site
Cessation of Option Agreement/Director Resignation - Web Site
Change in substantial holding - Web Site
Board room radio interview on Spinel 3D seismic progress - Web Site
Appendix 3B - Web Site
Trading Halt - Web Site
Surface Samples Confirm Uranium Potential at Lake Marmion - Web Site
High Grade Polymetallic Mineralisation at Wheal Ellen North
Hillgrove Resources Limited (ASX:HGO) is pleased to announce it has identified a new zone of high grade polymetallic mineralisation in the highly prospective Angas/Kanmantoo mine corridor in the Adelaide Hills of South Australia. The polymetallic potential of this corridor was highlighted with yesterday's announcement of the go ahead for the high grade Angas polymetallic mine at Strathalbyn.
Sampling of a discrete magnetic feature at Wheal Ellen North (Figure 1), 1km north of the Wheal Ellen Mine on Exploration License 3232, returned peak assays from samples of mullock at 34.48% copper, 156g/t silver, 28.94g/t gold and 9.13% lead (Table 1). Two of these samples of mullock returned the highest copper grades that have been identified within the Kanmantoo project area by Hillgrove to date.
Given the nature and grades of the mineralisation, the prospect has the potential for a high grade polymetallic orebody, at least similar to the nearby old Wheal Ellen mine. A detailed drill programme to determine the extent and orientation of the mineralisation is being designed with drilling targeted for the coming quarter. - Web Site
Change of Director's Interest Notice x2 - Web Site
Positive Grade Variability Analysis for Iron Sands Project - Web Site
Change of Director's Interest Notice - Web Site
Completion of Equity Purchase by Seoul City Gas - Web Site
Nickel Processing Options for Young Resource - Web Site
Change of Director's Interest Notice - Web Site
Mt Isa Project Update
Change in substantial holding - Web Site
Enters into Drilling Contract - Web Site
Drilling at Liontown - Update - Web Site
Presentation by MD at Paydirts Uranium Conference - Web Site
45 Mt of Coal Delineated for Potential UCG Trial Site - Web Site
Weekly Drilling Report - Web Site
Trading Halt - Web Site
Update on Treatment of Helper Wells - Web Site
Update on Bougainville - Web Site
March Investor Update - Web Site
Rights Issue Closes with Strong Support
The Company advises that its 1 for 4 non-renounceable Rights Issue, to raise approximately $1.65 million, closed on 20 March 2007, with strong support from shareholders. Subscriptions by Paradigm shareholders totalled $1.646 million (i.e. 99.5% of the amount sought). The shortfall was 60,599 Shares.
The Directors are pleased that Paradigm shareholders have so strongly supported the recent initiatives into uranium and tungsten exploration, and look forward to accelerating the exploration program and delivering positive results.
The Issue was fully underwritten by Far East Capital Limited (FEC).
The Company anticipates issuing all Shares (and the equivalent number of New Options as described in the Rights Issue Prospectus) to participating shareholders and the shortfall to FEC (or its nominees) on or prior to Wednesday, 28 March 2007.
Under the terms of the Company's underwriting arrangement with FEC, FEC may elect before 3 April 2007 to place up to a further 5.5 million Shares and New Options on the same terms as the Rights Issue, subject to any necessary shareholder approval. - Web Site
Appendix 3B - Web Site
Broker Presentation - Web Site
Suspension from Official Quotation - Web Site
Cancellation of Employee Options - Web Site
Visible Gold Intercepts from Resource Extension Drilling - Web Site
Change of Director's Interest Notice - Web Site
Initial White Mountain Reserve of 434000 Ounces - Web Site
DLS' ann: SW Queensland - Weekly Drilling Update - Web Site
Thoroughbred No 1 Drilling successfully completed - Web Site
Angas Zinc Mine Approval - Web Site
Presentation to Adelaide Paydirt Conferene - Web Site
Venture to fast track follow up drilling at Churchill Dam - Web Site
Drilling Progress Report - Thomas Well No. 1 - Kentucky - Web Site
Company Presentation March 2007 - Web Site
|
Wednesday 21 March 2007 (Close of Business - New York)
|
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| All Ords | 5846.3 | -10.2 | Dow Jones | 12,447.52 | +159.42 | |||
| ASX100 | 4736.7 | -12.1 | S&P 500 | 1435.04 | +24.10 | |||
| ASX200 | 5861.9 | -14.7 | Nasdaq | 2455.92 | +47.71 | |||
| ASX300 | 5873.8 | -13.8 | NYSE Volume | 3,184,771,000 | ||||
| Materials (Sector) | 11,293.0 | +15.4 | US 10-Year Bond | 4.518% | -0.029 | |||
| All Ords Gold (Sub Industry) | 4498.2 | -7.7 | Gold - spot/oz | US$658.80 | +0.90 | |||
| Metals & Mining (Industry) | 3803.2 | +6.9 | Silver - spot/oz | US$13.23 | -0.03 | |||
| Energy (Sector) | 12,197.7 | -54.3 | Platinum - spot | US$1229.00 | +1.00 | |||
| AGC Macquarie Au | 4878 | -35.3 | Palladium - spot | US$348.00 | -2.00 | |||
| Hartleys Explorers Index | 15,887 | na | Uranium - spot US$/lb | US91.00 | unch | |||
| Shanghai Composite | 3057.4 | +25.2 | Bridge CRB Futures Index | 403.55 | +2.44 | |||
| Hang Seng | 19,516.4 | +159.5 | Light Crude (NYM - $US per bbl.) | US$59.61 | +0.36 | |||
| Nikkei | 17,163.2 | closed | Natural Gas (NYM - $US/mmbtu) | US$7.27 | +0.25 | |||
| India BSE 30 | 12,945.9 | +240.0 | Copper (LME - spot $US/tonne) | 6660 | -137 | |||
| FTSE 100 | 6256.8 | +36.5 | Lead (LME - spot $US/tonne) | 1921 | -36 | |||
| German DAX | 6712.1 | +11.8 | Zinc (LME - spot $US/tonne) | 3158 | -89 | |||
| A$ = US80.76 | +0.46 | Nickel (LME - spot $US/tonne) | 47,100 | -1,700 | ||||
| A$ = 95.00yen | +0.81 | Aluminium (LME - spot $US/tonne) | 2758 | -83 | ||||
| A$ = 0.603Euro | unch | Tin (LME - spot $US/tonne) | 13,960 | -160 | ||||
| Click on Links to Access Charts | ||||||||
The Federal Reserve held interest rates steady on Wednesday and raised the possibility they could be cut in the months ahead, igniting a rally on Wall Street. Fed Chairman Ben Bernanke and his central bank colleagues left an important interest rate unchanged at 5.25 percent, the sixth straight meeting without budging the rate. The decision was unanimous.
Investors are betting the Fed will cut rates later this year to guard against any undue economic weakness. Many economists predict the central bank will probably start cutting rates early next year.
Advancing issues outnumbered decliners by about 5 to 1, on significantly higher volume, on the New York Stock Exchange.
Investment in home building in the fourth quarter was slashed by 19.1 percent on an annualized basis, the steepest decline in 15 years.
Even with lackluster economic growth, however, the jobs market remains in good shape.
Inflation, meanwhile, is still running above the Fed's 1 percent to 2 percent comfort zone. An inflation gauge closely watched by the Fed that excludes volatile energy and food, was up 2.3 percent for the 12 months ending in January.
Light, sweet crude settled up 36 cents at $59.61 per barrel on the New York Mercantile Exchange. A government report showed U.S. crude oil inventories rose again last week, but gasoline stocks fell more than analysts expected.
Gold futures gained a dollar Wednesday to end near their highest level in three weeks, then climbed some more in electronic trading after the U.S. Federal Reserve left interest rates unchanged.- Web Site
Change of Director's Interest Notice - Web Site
Becoming a substantial holder - Web Site
Notice under section 708A - Web Site
Jingemia 11 Oil Development Well Update
Progress and Status:
The well commenced drilling on 28 February 2007 using the Century 18 drilling rig. 311 millimetre (12 1/4" inch) hole was drilled to 534 metres measured depth. 245 millimetre (9 5/8" inch) surface casing was set at 531 metres measured depth. 216 millimetre (8 1/2" inch) hole was drilled to a total depth at 2,606 metres measured depth in the Carynginia Formation, which was reached on 14 March.
The top of the objective Dongara Sandstone was intersected at 2,489 metres measured depth (2,349 metres true vertical depth subsea). At the top Dongara Sandstone level, Jingemia 11 is approximately 14 metres updip of the previous highest intersection in the field (at Jingemia 4). Logging While Drilling (LWD) logs and wireline pressure measurements indicate Jingemia 11 has intersected 31 metres of oil saturated Dongara Sandstone, although the lower 8 meters appears to have been partially swept by existing producers.
At 06:00 hours WST today, the activity was preparing to perforate and complete the well for connection to the Jingemia oil facility... - Web Site
Appendix 3B - Web Site
Research Report - Web Site
Constitution - Web Site
CARNARVON RAISES $12.32 MILLION FOR EXPANDED PHASE 2 PROGRAMME IN THAILAND
Carnarvon Petroleum Limited ("Carnarvon") is pleased to announce it has reached agreement with Hartleys Limited to place 160 million ordinary shares in Carnarvon at an issue price of 7.7 cents per share, to raise approximately $12.32 million ("the Placement"), principally to international and domestic institutional clients of Hartleys Limited.
The Placement is being made in 2 tranches, with 70 million shares issued pursuant to the Company's 15% placement capacity under ASX Listing Rule 7.1 and the balance of 90 million shares issued subject to shareholder approval at a general meeting of shareholders scheduled to be held late April 2007.
Following this Placement Carnarvon will be fully funded to pursue its expanded phase 2 programme within the Phetchabun Basin, Thailand, the highlights of which include:
A significant upgrade to reserves expected in April 2007. - Web Site
Hartleys Report - Web Site
Share Purchase Plan Closure - Web Site
Appendix 3B - Web Site
Appendix 3B: Conversion of employee options - Web Site
Appendix 3B - Web Site
Change of Director's Interest Notice - Web Site
Project update - Web Site
Change in substantial holding from CBA - Web Site
Drilling Report - Web Site
JRL: Encouraging intercepts from Yilgangi JV (relodged) - Web Site
Extension of Offer Period - Web Site
Ghanaian Testing Yields 36% More Diamonds for Paramount - Web Site
Change of Director's Interest Notice - Web Site
Sunridge to accelerate drilling at the Emba Derho discovery in Eritrea
Asmara joint venture partner, Sunridge Gold Corp. (SGC-TSX.V) has announced the results of a further 22 diamond drill holes at the Emba Derho zinc/copper/gold VMS (volcanogenic massive sulfide) deposit in Eritrea.
Drilling highlights include:
Primary zinc zone:
Primary copper zone:
Following these results Sunridge has decided to accelerate its drill program at the deposit , with 18,000 metres of diamond drilling due for completion by June 2007. - Web Site
NEW WARRIOR URANIUM DRILLING COMMENCES
Toro Energy Limited ("Toro", ASX code "TOE"), is pleased to announce that detailed exploration of one of South Australia's prime Gawler Craton uranium projects has commenced.
An air-core rig has commenced drilling on the Warrior Project palaeochannels within EL's 3040, 3369W and 3372. As announced on 25 July 2006, Toro has entered into a Joint Venture agreement with Stellar Resources on two of these tenements, EL3372 and EL3369W (Toro earning 70%), which are to the immediate north and south of the tenement EL3040 (Toro earning 75% from Range River Gold Ltd). Based upon ongoing successful results, Toro plans to spend more than $3 million over the next four years on this highly prospective project.
An initial program of 200 air-core holes (~10,000m) is planned, with the objectives of scoping the potential of previously identified mineralisation and defining possible extensions at the Warrior Project, in preparation for more formal resource definition work to be commenced later in the calendar year...
The current drill program has been designed to further investigate and define the anomalous results achieved to date, including:
Initial & Final Director's Interest Notices
Appendix 3B - Web Site
BPT ann: Weekly Drilling Report - Web Site
CONVERTIBLE NOTE INTEREST PAYMENT
Arrow Energy N.L. advises that in relation to the Company's Convertible Notes (ASX code AOEGA) that the following dates are applicable to the six monthly interest payment for the period from 1 October 2006 to 31 March 2007 :
Trading ex entitlement date 30 March 2007
Record date 5 April 2007
Interest payment date 13 April 2007
Interest payment per note $0.019945 (1.9945 cents) - Web Site
AUSTRALASIAN CONCLUDES LANDMARK PROJECT FINANCING AND DEVELOPMENT AGREEMENTS WITH MAJOR CHINESE STEEL PRODUCER FOR AUSTRALIAN IRON ORE PROJECT
Highlights
Australasian Resources raises $56 million - Web Site
Jingemia 11 Oil Development Well Update - Web Site
Change of Director's Interest Notice - Web Site
Response to ASX Query re Share Price & Volume - Web Site
Appendix 3B - Web Site
Change in substantial holding - Web Site
Becoming a substantial holder - Web Site
Updated Proforma Balance Sheet based on actual funds raised - Web Site
Appendix 1A - Application for admission to official list - Web Site
Statement of Commitments - Web Site
Terms and Conditions of Employee Share Option Plan - Web Site
Securities subject to escrow - Web Site
Top 20 shareholders - Web Site
Distribution Schedule - Web Site
Pre-Quotation Disclosure - Web Site
ASX Circular: Commencement of Official Quotation - Web Site
Company Presentation - Web Site
First Gold Pour - Crescent becomes a gold producer - Web Site
Boardroom Radio Broadcast - Web Site
Header Correction: Full Year Accounts - Web Site
Half Year Accounts - Web Site
Termination of Agreement to Purchase Saulyak Gold Project - Web Site
2006 Annual Report - clearer copy - Web Site
Appendix 3B - Web Site
Change in substantial holding - Web Site
Successful Appeal on Malaysian Environmental Condition
On 22 January 2007 Grange Resources Limited announced that it had received Environmental Approval from the Malaysian Ministry of Natural Resources and Environment for its 6.8 million tonne per annum Iron Ore Pellet Plant to be built at Kemaman in the State of Terengganu, Malaysia.
The company also advised at that time that it had appealed one condition relating to material storage areas.
Grange has been informed by the Ministry of Natural Resources and Environment that it has considered and approved the appeal. The appeal approval means that all conditions set for the pellet plant project are now to the satisfaction of the company.- Web Site
Appendix 3B - Web Site
Change of Director's Interest Notice - Web Site
Change in substantial holding - Web Site
High Grade Uranium Mineralisation Revealed - Web Site
General Meeting Presentation - Web Site
Media Release re Half Year Results - Web Site
Director Appointment - Web Site
Appointment of New Auditor - Web Site
Change in substantial holding - Web Site
Change in substantial holding x2 - Web Site
Market Update-Supply Agreement with Major Chinese Die Caster - Web Site
VISIBLE GOLD INTERCEPTS FROM RESOURCE EXTENSION DRILLING
The Directors of Ramelius Resources Limited (ASX code:"RMS") wish to update the market in respect of recent developments at the Wattle Dam Gold Mine.
HIGHLIGHTS - WATTLE DAM GOLD MINE (WA)
Comet Vale Gold Production
Reed Resources Ltd (ASX:RDR) announces the results of the second toll-treatment
campaign of ore from the Sand Queen Gold Mine, situated at Comet Vale some 100
kilometres north of Kalgoorlie, Western Australia. Under the Kingsrose JV, Reed is required
to truck and toll-treat the ore for 50% of the contained gold.
A parcel of 4,161 tonnes of development and stoping ore from the Sand George deposit has
been processed at Higginsville Mining's Greenfields plant at Coolgardie during March. The
bullion reconciled grade was 7.67 g/t Au, exceeding the expected grade by 16%.
A total of 1,006 ounces of gold and 66 ounces of silver have been extracted of which 493
ounces of gold has been credited to Reed. The gravity circuit recovered about 65% of the
gold with a total gold recovery of 98% calculated from the metallurgical balance. The leach
and adsorption kinetics of the ore parcel were excellent and the tail grade was about 0.10 g/t
Au.
Mining is continuing on the 2 Level, production levels and broken ore stocks are steadily
increasing. Development is continuing on the 2 Level and 3 Levels.
The next campaign is scheduled for June 2007. The size of each campaign is expected to
increase as the contribution from the Sand George deposit (295,000 t @ 12 g/t au)
increases until full production is reached early in the September quarter. - Web Site
Operations and Management Update - Web Site
Change of Director's Interest Notice - Web Site
Appendix 3B - Web Site
EGM Proxy Votes Result - Web Site
Appendix 3B: Exercise of Employee Options - Web Site
Results of Shareholder Meeting - Web Site
Appendix 3B - Web Site
CGT ann: Shareholding & Castlemaine Drilling Update - Web Site
TOE's ann: New Warrior Uranium Drilling Commences - Web Site
New Taiton Weekly Progress Report - Web Site
Drilling Progress Report No 4 for Puffing-8 - Web Site
Wondinong Assay Results show higher levels of uranium - Web Site
Change in substantial holding from OXR
OXR's ann: Institutional Acceptance Facility
Weekly Drilling Report
Exploration wells:
Butschek A #1
Type: Gas wildcat
Location: Lavaca County, Texas
Target Depth: 9,200 feet - Wilcox sands
Working Interest: 25%
Operator: Trio Consulting and Management LLC- Wichita Falls, Texas.
Status: The Butschek A #1 was spudded on 19 March 2007 (Texas time). The well has
progressed to a depth of 1,420 feet as at 20 March 2007. - Web Site
ORG: Jingemia 11 Oil Development Well Update - Web Site
MD Presentation AGES Mining Expo - Web Site
Anvil Mining Limited included in S&P/TSX Composite Index - Web Site
NEW HIGH-GRADE DRILL RESULTS PROVIDE POTENTIAL EARLY ORE SOURCE
Avoca Resources Limited (Avoca) is pleased to announce new high-grade results from its ongoing drilling program at Trident. Results to date from the drilling program demonstrate the opportunity for early production and cash flow from potential new ore positions between the existing Poseidon South open pit and the Trident decline. All new drill intersections lie in the highly prospective region between the Poseidon South decline and the Trident reserve and will likely have positive implications for the Trident Development.
Selected results from recently returned assays include:
The potential new ore sources could be accessible while underground development proceeds toward Trident.
Further drilling will be undertaken to fully evaluate this potential new ore position. - Web Site
Off market Buy-Back Booklet and Tender Forms - Web Site
Major Resources Group - Partnership Potential - Web Site
Weekly Exploration Update
Project: Oyster Creek
Prospect: Oyster Creek
Well: Harrison-1
Brazoria County, Texas, Slawson Exploration Operator, Antares 75%
The testing program for Harrison-1 has been successfully completed. The well is likely to be dual
completed and initial production rates are anticipated to be between 4-6 MMcf/d (million cubic feet
per day) and 100-300 bbls of condensate per day. Pipeline connection is likely to take
approximately 6 weeks due to the need to tunnel under a creek and road to reach the sales line.
Project: Oyster Creek
Prospect: Scott
Well: Scott-2
Brazoria County, Texas, Slawson Exploration Operator, Antares 67.5%
The Scott-2 production testing program is waiting for a workover rig to arrive at the site to clean and
prepare the casing prior to perforating. The workover rig is due within the next week.
Project: New Taiton
Prospect: New Taiton
Well: Ilse-1
Wharton County, Texas, S. Lavon Evans, Jr., Operating Company, Inc. Operator, Antares 25%
As reported last week, the Ilse-1 well has reached a provisional total depth of 17,000 feet (5,183
metres) and the forward program was to acquire wire-line logs.
Since that time, the well has continued to slowly flow gas into the well bore which has resulted in the
acquisition of wireline logs being delayed while the gas is circulated out of the well. Pressure
equilibrium is required before the drill string can be safely pulled out of the hole and the logging
program commenced. It may be necessary to run a liner for operational and safety reasons before
wireline logs are acquired.
Project: Little Bear
Prospect: Garcitas Ranch
Well: Garcitas Ranch C-1
Victoria County, Texas, Hollimon Oil Corporation Operator, Antares 23.5%
The testing program has commenced at the Garcitas Ranch C-1 well. Initial pressure build-up data
suggests reservoir damage from drilling. A stimulation program may be required to bypass the
damaged near-well bore sand. It is not unusual for Wilcox reservoirs to require stimulation.
Project: Little Bear
Prospect: Garcitas Ranch
Well: Garcitas Ranch C-2
Victoria County, Texas, Hollimon Oil Corporation Operator, Antares 23.5%
Garcitas Ranch C-2 commenced drilling on 6 March 2007. Current depth is 5,750 feet. Intermediate
casing was set and cemented to a depth of 5,699 feet. Current operations are preparing to drill
ahead after conducting a leak off test.
Project: Shaeffer Ranch
Prospect: Lonesome Dove
Well: Lonesome Dove-1
Jim Wells County, Texas, SIDC Operator, Antares 50%
Attempts to re-complete the well in an overlying secondary oil objective have been unsuccessful and
the well will now be plugged and abandoned. A new well would be required to test the main target
sands.- Web Site
Heron-1 Well Testing Completed - Web Site
Appendix 3B - Web Site
Secures Key Gold Project - Web Site
Sapelliga Drill Results - Web Site
Appendix 3B - Web Site
Change of Director's Interest Notice - Web Site
Annual Report - Web Site
Proxy Form - Web Site
Appendix 3B - Web Site
Corporate Update - March 2007 - Web Site
Uranium Exploration Newsletter - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Results from Bibblewindi Pilot - Web Site
White Dam Water Supply Program - Web Site
AMCI Becomes a Substantial Shareholder in Felix - Web Site
Corrected Change of Director's Interest Notice - Web Site
Appendix 3B - Web Site
Ceasing to be a substantial holder - Web Site
Change in substantial holding - Web Site
Hdr Corr: Drilling at the Mount Gunson Copper Project -SA - Web Site
Corporate Presentation - Web Site
Development of Qld Coal Interest - Tiaro Coal Project - Web Site
Change of Director's Interest Notice
INDOPHIL TO LIFT ITS INTEREST IN THE WORLD CLASS TAMPAKAN COPPER-GOLD PROJECT
Indophil Resources NL has moved to increase its direct interest in the world class Tampakan Copper-Gold Project in the southern Philippines by agreeing to purchase Filipino partner Alsons Corporation's 5% interest.
Under the agreement, Indophil will progressively lift its stake in the Tampakan project from 32.5% to 37.5%. Xstrata Copper, the copper division of the major global mining group Xstrata plc, will hold the remaining 62.5% as part of a separate agreement announced on 21 December 2006 that will see Xstrata Copper assume project management responsibilities for the Tampakan project on 30 March 2007.
Under the Indophil-Alsons arrangement, Alsons will exchange its 5% interest in the Tampakan project for newly-issued Indophil shares and cash payments....... - Web Site
WCP: Geophysical Anomalies to be Drilled at Mombo Bore - Web Site
BLK ann: Blackham Applications Cover Lignite Resource - Web Site
Appendix 3B - Web Site
Appendix 3B - Exercise of Listed Options - Web Site
Grant of Tenement /Assays received/Additional Applications
Exploration Update on Thunder Bay North - Web Site
Appendix 3B - Web Site
Downlands South-1 Drilling Update - Web Site
Golden Mile South J V - Mawson West/St Barbara/Newmont - Web Site
High quality coking coal confirmed at Maryborough Projec - Web Site
Form 8-K/A as lodged with SEC - Web Site
Durack Range Uranium Project Update - Web Site
Investor Update - March 2007 - Institutional Placement - Web Site
Institutional Placement $30 million - Web Site
Company Request for Trading Halt - Web Site
Media Release: Carbon Reduction Scheme - Web Site
SMM: Supplementary Target's Statement - Web Site
Tibooburra Exploration Drill Results - Web Site
FLYING START FOR PEGASUS
Fugro Airborne Surveys to Commence Flying New Radiometric & Magnetic Surveys
Newly listed uranium focused explorer, Pegasus Metals Limited (ASX: PUN), has engaged Fugro
Airborne Surveys to fly new radiometric and magnetic surveys for the Company's three Western
Australian uranium projects at Hooley, Horse Well and Gifford Creek, located in the Ashburton-
Gascoyne region of Western Australia.
Pegasus' Executive Director, Mr Peter Andrews said that Fugro planned to be onsite this Friday, 23
March 2007.
"As indicated in our earlier announcements, the surveys will cover all the Pegasus uranium project areas
at detailed 50 metre line spacing. Previous explorers flew at reconnaissance 400-500 metre line spacing,"
Mr Andrews said. "We expect the new surveys to produce modern data with quality well in excess of that
currently available."
"Interpretation of the more detailed data should allow a better understanding of the areas explored in the
1970s and also assist in identifying new exploration targets for follow up," Mr Andrews added.
Pegasus initiated the surveys with Fugro and subsequently made data sharing arrangements with another
party holding an adjoining tenement at Gifford Creek. . The total survey will comprise approximately
5,630 line kilometres, of which about 4,720 line kilometres are directly over Pegasus project areas. - Web Site
Change in substantial holding - Web Site
Agreement on major new investment - Web Site
Agreement for Sale of Tom's Gully Gold Mine - Web Site
Change of Director's Interest Notice - Web Site
EGM Presentation - Web Site
Harstad #1-15 Production Report - Web Site
Settlement of Legal Dispute - Web Site
Trading Halt - Web Site
Jeff Gresham joins Board - Web Site
Market Update - March 2007 - Web Site
Drilling Progress Report - Thomas Well No. 1 (Kentucky) - Web Site
|
Tuesday 20 March 2007 (Close of Business - New York)
|
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| All Ords | 5861.7 | +22.5 | Dow Jones | 12,288.10 | +61.93 | |||
| ASX100 | 4754.7 | +18.1 | S&P 500 | 1410.94 | +8.88 | |||
| ASX200 | 5882.9 | +23.2 | Nasdaq | 2408.21 | +13.80 | |||
| ASX300 | 5893.6 | +23.8 | NYSE Volume | 2,795,937,000 | ||||
| Materials (Sector) | 11,301.8 | +62.3 | US 10-Year Bond | 4.547% | -0.024 | |||
| All Ords Gold (Sub Industry) | 4498.6 | +12.2 | Gold - spot/oz | US$657.90 | +5.10 | |||
| Metals & Mining (Industry) | 3802.3 | +43.2 | Silver - spot/oz | US$13.26 | +0.14 | |||
| Energy (Sector) | 12,265.4 | +3.3 | Platinum - spot | US$1228.00 | +2.00 | |||
| AGC Macquarie Au | 4913 | +17.4 | Palladium - spot | US$350.00 | unch | |||
| Hartleys Explorers Index | 15,887 | na | Uranium - spot US$/lb | US91.00 | unch | |||
| Shanghai Composite | 3032.2 | +17.8 | Bridge CRB Futures Index | 401.11 | +1.75 | |||
| Hang Seng | 19,356.9 | +90.2 | Light Crude (NYM - $US per bbl.) | US$56.73 | +0.14 | |||
| Nikkei | 17,163.2 | +153.7 | Natural Gas (NYM - $US/mmbtu) | US$7.02 | +0.05 | |||
| India BSE 30 | 12,705.9 | +61.0 | Copper (LME - spot $US/tonne) | 6797 | +92 | |||
| FTSE 100 | 6220.3 | +30.9 | Lead (LME - spot $US/tonne) | 1957 | -3 | |||
| German DAX | 6700.3 | +28.9 | Zinc (LME - spot $US/tonne) | 3247 | +17 | |||
| A$ = US80.30 | +0.23 | Nickel (LME - spot $US/tonne) | 48,800 | -1450 | ||||
| A$ = 94.19yen | +1.13 | Aluminium (LME - spot $US/tonne) | 2841 | -5 | ||||
| A$ = 0.603Euro | +0.001 | Tin (LME - spot $US/tonne) | 14,120 | -5 | ||||
| Click on Links to Access Charts | ||||||||
Wall Street advanced for a second straight session Tuesday as investors placed bets that the Federal Reserve won't indicate that it's leaning toward an interest rate hike. More talk of acquisitions also supported stocks.
Concerns about subprime lenders, who make loans to people with poor credit ratings, continue to dog the markets. Economists, including former Federal Reserve Chairman Alan Greenspan, have said that if the housing market doesn't weaken too substantially, the financial troubles of subprime lenders shouldn't spread into the broader economy.
Investors got some reassurance Tuesday from a Commerce Department report that construction of new homes rose by 9 percent in February to a seasonally adjusted annual rate of 1.525 million units, higher than the expected 1.450 million. The data wasn't all positive - applications for building permits dropped - but not at all suggestive that the sector is collapsing.
Advancing issues outnumbered decliners by more than 2 to 1, on slightly higher volume, on the New York Stock Exchange.
Crude oil fell on speculation an Energy Department report tomorrow will show that U.S. inventories rose last week.
Copper rallied after US data showed a stronger than expected rebound in new home construction in February eased worries over the health of the US economy and the outlook for copper demand.
Nickel dropped the most in two weeks in London after a 37 percent price gain this year. Other metals were mixed.
Gold in New York rose to the highest level in more than two weeks as the U.S. dollar weakened.
Weather Delays Drilling PEL182 - Web Site
Becoming a substantial holder
Appendix 3B - Web Site
Appendix 3B - Web Site
Investor Presentation - Web Site
Initial Director's Interest Notice x4 - Web Site
Appendix 3B - Web Site
Trading Halt - Web Site
Change of Director's Interest Notice - Web Site
Completion of Sale of Unmarketable Parcels - Web Site
ADX: Weather Delays Drilling PEL182 - Web Site
Trading Halt - Web Site
Lihir Gold appoints Ballarat Goldfields Directors - Web Site
Amended - New Uranium Targets at Kurundi Project - Web Site
Paladin Presentation - Web Site
Award of major contract
Portman advises award of a contract for mining, crushing, rail-loading and ancilliary site services to BGC Contracting Pty Ltd, commencing 1 July 2007 for a period of five years. The services will be provided at the Koolyanobbing Operations where Portman is mining and exporting 8 million tonnes per annum of iron ore products. BGC will replace HWE Mining Pty Ltd who currently provide the same services under a contract terminating 30 June 2007. HWE Mining will assist with the transition.
The contract is valued at in excess of eight hundred million dollars over the 5 year period. BGC Contracting has provided separate long distance haulage services to the Koolyanobbing Project since 2004.- Web Site
Explanatory Booklet - Web Site
RIG ON SITE TO TEST OIL/GAS RESERVOIR AT HAZELWOOD-1
The heavy duty oil/gas Century Rig No. 11 has arrived at the Hazelwood-1 well site and rigging up is underway. Drilling is expected to begin on Thursday 22 March. This well is designed to test the presence of tight gas, observed in the Loy Yang-2 well and to drill to basement to test the Rintoul's Sandstone which we believe occurs in this location. This formation sits on top of organic rich shale which has been observed in an outcrop in the North of permit PEP 166. Earlier tests found that this shale is producing liquid hydrocarbons, present in the outcropping of the Rintouls Sandstones.
Final sign off by PetroHunter of the US is progressing however due diligence has taken longer than anticipated to complete. We expect it will be finalised in the first half of April 2007.
It is still Lakes Oil's intention to drill Boola Boola-1 after the completion of Hazelwood-1 as well as Alberton-1 and Napier High-1 using the smaller rig which we used to drill the top 300 metres of Hazelwood-1.
I would like to remind shareholders of the $1,400 Shareholder Share Purchase Plan which is due close at 5:00 PM (Melbourne time) on 30 March 2007. These shares are being offered at 1.5 cents per share which is a considerable discount to the current market price of 2 cents per share.
- Web Site
AWE's Tui-3H drilling update
AWE Ltd ("AWE") reports that at 0600 hours today, the Tui-3H well was drilling ahead in a horizontal hole within the reservoir section at a measured depth of 5,180 metres. Progress for the week was 1,263 metres.
During the course of the week the Tui-3H well was drilled from 3,917 metres and has drilled approximately 1,063 metres of horizontal section in the oil reservoir.
The Tui Area Development is located within PMP 38158, in the Taranaki basin, approximately 50 kilometres offshore of the west coast of the North Island of New Zealand. First oil is expected from the development by June 30, 2007, and when fully commissioned, a production rate peaking at 50,000 bopd is anticipated. - Web Site
Mauritanian Heron 1 testing completed
Australian based oil and gas exploration company Baraka Petroleum Limited (ASX: BKP) has been provided with an update on the well testing on Heron-1 within Coastal Block 20 in Mauritania by the operator and joint venture partner CNPC International Mauritania Limited (CNPCIM).
This update is as follows:
The land-drilling rig ZJ50LDB operated by drilling operator GWDC (Great Wall Drilling Company) is still on the site of the CNPCIM operated Heron-1 exploration well in coastal Block 20 on-shore Mauritania, West Africa.
As at 2:00 pm (AWST) on the 19 March 2007, the operation was setting a cement plug in preparation for abandoning the well. The past week has been spent preparing for and conducting well test #2.
Test #2 from 1856.5 – 1863.5 metres in Lower Campanian sandstone reservoir failed to flow to surface and this is interpreted to be due to poor quality reservoir.
The results of Heron-1 and its implication for the prospectivity of Block 20 will be assessed by the Joint Venture and a meeting will be held in early Quarter 2 2007 to agree the forward work programme in the permit.
Managing Director Max de Vietri said: "This was Baraka's first exploration well and while we are disappointed with the result we are pleased that we have been able to participate in the exploration of this frontier acreage and add to the geological knowledge base of the area. We have formed a good working relationship with our joint venture partner CNPCIM and look forward to a continuing association."...... - Web Site
3D Seismic Survey Progress Report - Web Site
Applications Cover Lignite Resource - Web Site
Reinstatement to Official Quotation - Web Site
Letter to Shareholders re Renounceable Rights Issue - Web Site
Change of Director's Interest Notice - Web Site
Appendix 3B - Web Site
Proxy Form - Web Site
Notice of Annual General Meeting - Web Site
Change in substantial holding - Web Site
Operations Update - Peltier 11-12 - Web Site
Senior Stafff Appointment - Web Site
Change of Director's Interest Notice - Web Site
Audio Broadcast - Interview with Greg Solomon - Web Site
Appendix 3B - Web Site
West Africa Seismic Update
OFFSHORE WEST AFRICA - SENEGAL
RUFISQUE AND SANGOMAR AND SANGOMAR DEEP OFFSHORE BLOCKS (OPERATOR - HUNT OIL COMPANY)
The acquisition phase of a 3D seismic survey Offshore Senegal using the MV Symphony is due to be completed ahead of schedule on 25 March 2007. The 2050 sq km 3D survey is the largest 3D survey conducted Offshore Senegal and forms part of a world class exploration program being conducted by FAR and Operator, Hunt Oil Company. Progress is illustrated on the swathe below:..... - Web Site
Eastern Star Gas Annoucement
Hillgrove Resources Limited (ASX:HGO) advises that Eastern Star Gas Limited's Bibblewindi coal seam gas pilot in NSW's Gunnedah Basin is recording better than anticipated levels of well interference, supporting the excellent reservoir permeability and connectivity, and that gas production rates from three of the wells continue to increase gradually.
Hillgrove is a 19.9% shareholder in Eastern Star Gas Limited (ASX:ESG) with 106.3 million shares. Hillgrove also owns 29.5 million converting notes and 25 million options exercisable at 15 cents on or before 30 October 2009. - Web Site
Change in substantial holding - Web Site
Resolutions Adopted - Special Meeting 20/03/07 - Web Site
Change of Director's Interest Notice - Web Site
Initial Portalegre Resource Completed - Web Site
Revised Announcement - Mt Ida Results 20/03/07 - Web Site
Appendix 3B - Web Site
Response to ASX Query re Price Enquiry - Web Site
Outstanding Result from Tender Sale - Web Site
Half Yearly Report.....
RESULTS
The net loss of the economic entity for the half year ended 31 December 2006 was $671,818 (2005: $1,430,223).
No dividends were paid or declared by the company during the half-year.
REVIEW OF OPERATIONS
The following is a summary of the activities of Latin Gold Ltd during the period 1 July 2006 to 31 December 2006. It is recommended that this half yearly report be read in conjunction with the 30 June 2006 Annual Report and any public announcements made by the Company during the year. In accordance with the continuous disclosure requirements, readers are referred to the announcements lodged with the Australian Stock Exchange regarding the activities of the Company.
Change of Name
On 28 August 2006, the Company changed its name from Westmag Limited to Latin Gold Limited to better reflect the activities of the group.
Paron
Latin Gold Limited ("Latin Gold") is pleased to advise that the diamond drilling programme at the Paron gold project, located in the Department of Ancash, 470 kilometres north of Lima in Peru has been completed and has confirmed the potential of the project to host a near surface economic gold deposit. This is the third campaign of drilling at Paron and with the inclusion of the 25 holes completed by Latin Gold in this initial programme, brings the number of completed diamond drillholes to 87.
Significant intersections of gold were intersected in the majority of the 25 diamond drill holes as reported in our announcement of 30 January 2007. As part of the current programme, a JORC Inferred gold resource of the Paron Project has been calculated as 3,040,000 tonnes @ 2.2g/t gold, equivalent to a contained 220,000 ounces of gold. The average grade of silver under this resource has now been determined as 7.4 g/t, equivalent to an insitu silver resource of 733,000 ounces. The drilling also highlighted the possibility of increasing tonnage to the north-west where the boundary of the mineralised zone remains open.
As a result of difficult drilling conditions caused by excessive clays within the fault zone and the overlying scree on the footwall zone the drill holes designed to test for a porphyry at depth as well as a potential faulted extension to the outcropping mineralization, were unable to be completed. These targets, along with the north-western boundary of the mineralised zone, require an additional drilling programme to test....... - Web Site
Results of EGM - Web Site
Appointment of Non-Executive Director - Web Site
Carnegie Uranium Project WA - Web Site
Change in substantial holding - Web Site
Form 4 as lodged with SEC - Web Site
Crux-2 ST1 Appraisal Well Progress Report No. 13 - Web Site
Press Release from President of Bougainville - Web Site
SMM: Target Statement Letter - Web Site
SMM: Media Release: Targets Statement - Web Site
SMM: Target's Statement - Web Site
Appendix 3B/Section 708A Notice - Web Site
New Chairman - Web Site
Half Year Accounts - Web Site
AGREEMENT FOR SALE OF TOM'S GULLY GOLD MINE
The Directors of Renison Consolidated Mines NL ("Renison") are pleased to advise that the Company has entered into an agreement to sell it's 100% interest in the Tom's Gully Gold Mine together with associated exploration property interests in the Northern Territory to Toronto Stock Exchange ("TSX") listed GBS Gold International Inc ("GBS").
The total consideration for the sale is a base amount of A$45 million plus a further amount of up to A$7 million in the event production of gold from the projects post the date of completion of the sale exceeds 300,000 ounces.
The base amount of the sales consideration of A$45 million comprises:
The additional consideration payable by GBS in the event production of gold from the projects post completion exceeds 300,000 ounces is:
Appendix 3B - Web Site
Change of Director's Interest Notice - Web Site
Summit reaffirms advice to REJECT Paladin takeover offer
Summit Resources today released its Target's Statement, reaffirming the board's advice that Paladin's opportunistic all-scrip hostile offer does not reflect the unrealised potential of Summit's uranium, base metal and iron ore projects and extensive tenement holdings in Queensland.
Summit Resources Managing Director Alan Eggers warned shareholders against accepting Paladin's inadequate and opportunistic takeover offer.
"Paladin now recognises the unrealised potential of Summit's assets which are located in one of the most prospective uranium provinces in the world today," he said.
"Paladin Managing Director John Borshoff's comment yesterday that Summit has a ‘uranium province in the making' confirms our belief that Paladin is attempting to capture value for Paladin shareholders that will otherwise flow to Summit shareholders."
"Paladin's desire to secure any shares it can via this inadequate offer is reflected in the fact that it has taken the unusual step of making its offer unconditional.
"The Summit board believes it is likely Paladin will fail to get control in this first attempt and will have to return with a higher offer at some point in the future."
Summit also believes Paladin needs to get control of Summit because the Valhalla and Skal deposits are currently "stranded"......... - Web Site
Appointment of Chief Financial Officer - Web Site
Explanatory Booklet (part 4 of 4) - Web Site
Explanatory Booklet (part 3 of 4) - Web Site
Explanatory Booklet (part 2 of 4) - Web Site
Explanatory Booklet (part 1 of 4) - Web Site
Condobolin Ethanol Project - Web Site
Change of Director's Interest Notice x 3 - Web Site
Change in substantial holding from OXR
Change in substantial holding from OXR
Half Year Accounts - Web Site
Explanatory Memorandum
Notice of Annual General Meeting
Laos Exploration Update - Web Site
Becoming a substantial holder for NUP - Web Site
Becoming a substantial holder - Web Site
Joins S&P/TSX Composite Index - Web Site
PPP ann: Tui-3H Drilling Update - Web Site
Issue of new Convertible Notes to raise $5M & Appendix 3B - Web Site
Significant Gold Results from Barlee - Web Site
Managerial Interests - Mr A Vanselow - Web Site
Suspension from Official Quotation - Web Site
Rights Issue Shortfall Allotted - Web Site
Company Presentation March 2007 - Web Site
AZA: Basker Manta Gummy Gas Sales Agreement with Alinta - Web Site
Latest Results from the La Patria Project - Web Site
Appendix 3B - Web Site
John Foreman Joins Crusaders Expanding Brazilian Team - Web Site
Appendix 3B - Web Site
Change of Director's Interest Notice - Web Site
Change in GICS Code - Web Site
Citigold Convertible Note Interest - Web Site
Trading Halt - Web Site
Resource Upgrade March 2007 - Web Site
Board Changes - Web Site
Issue of Options - Web Site
Breakthrough in Indian Transport Market - Web Site
8th Diamond Sale Results - Web Site
Drilling Update - NW Alice project - Web Site
Interim Dividend - DRP Price - Web Site
Eastern Star Gas Limited's Bibblewindi coal seam gas pilot in NSW's Gunnedah Basin is recording better than anticipated levels of well interference, supporting the excellent reservoir permeability and connectivity, and that gas production rates from three of the wells continue to increase gradually. - Web Site
Appendix 3B - Web Site
WHITE DAM WATER SUPPLY PROGRAM
Exco is pleased to advise a successful outcome from its water supply program at the White Dam Gold Project in South Australia.
A recently completed drilling and testing program has resulted in the completion of two production bores in the fractured rock aquifer at White Dam, with a combined total groundwater supply capability of 20 litres per second, meeting the average water requirements for the White Dam Gold Project.
The high yields obtained, and the rapid recovery of water levels following drilling / testing indicate a substantial groundwater resource. The Company now believes that this local supply may be sustainable for the life of the project. ....... - Web Site
Change of Director's Interest Notice - Web Site
Drilling Status Report - Web Site
Change of Director's Interest Notice - Web Site
Update on Spinel 3D Seismic - Web Site
Becoming a substantial holder - Web Site
Appointment of CEO - Web Site
Appendix 3B - Web Site
Top 20 & Distribution Lists
Appendix 3B - Web Site
Encouraging Results Continue at Mt Ida Project - Web Site
Change of Director's Interest Notice - Web Site
Half Yearly Report 31 December 2006 - Web Site
Change in substantial holding - Web Site
Change of Director's Interest Notice - Web Site
Change in substantial holding - Web Site
2006 Annual Report - Web Site
2006 Annual Report - Web Site
Consent of Qualified Person (NI 43-101) - Web Site
Certificate of Qualified Person (NI 43-101) - Web Site
Quality of First Lump Shipments - Web Site
Key Appointments to Spinifex Ridge/Director Resignation - Web Site
Share Purchase Plan Completed - Web Site
NARE DIAMONDS RECOVERS EXCEPTIONAL 66 CARAT STONE - KEY POINTS
Appendix 3B - option conversions - Web Site
Acquisition of Woodline Well Nickel Sulphide project - Web Site
Release from escrow - Web Site
Initial Director's Interest Notice - Web Site
NZOG'S TUI 3-H DRILLING UPDATE
New Zealand Oil & Gas Ltd ("NZOG") reports that at 0600 hours today, the Tui-3H well was drilling ahead in a horizontal hole within the reservoir section at a measured depth of 5,180 metres. Progress for the week was 1,263 metres.
During the course of the week the Tui-3H well was drilled from 3,917 metres and has drilled approximately 1,063 metres of horizontal section in the oil reservoir.
The Tui Area Development is located within PMP 38158, in the Taranaki basin, approximately 50 kilometres offshore of the west coast of the North Island of New Zealand. First oil is expected from the development by June 30, 2007, and when fully commissioned, a production rate peaking at 50,000 bopd is anticipated. - Web Site
Appendix 3B: Entitlement to Pike River Coal Shares - Web Site
Update on Previous Report in Media in Bougainville - Web Site
QGC's ann: Weekly Drilling Report - Web Site
Tui-3H Drilling Update
Pan Pacific Petroleum N.L. ("PPP") reports that at 0600 hours today, the Tui- 3H well was drilling ahead in a horizontal hole within the reservoir section at a measured depth of 5,180 metres. Progress for the week was 1,263 metres.
During the course of the week the Tui-3H well was drilled from 3,917 metres and has drilled approximately 1,063 metres of horizontal section in the oil reservoir.
The Tui Area Development is located within PMP 38158, in the Taranaki basin, approximately 50 kilometres offshore of the west coast of the North Island of New Zealand. First oil is expected from the development by June 30, 2007, and when fully commissioned, a production rate peaking at 50,000 bopd is anticipated..... - Web Site
Half-Year Financial Report ...
REVIEW AND RESULTS OF OPERATIONS
During the half year Peak Resources Limited acquired all the issued capital of PRL Limited ("PRL") and changed its name from Acquisitor Limited to Peak Resources Limited. Peak Resources Limited lodged a prospectus with the ASIC on 1 September 2006 raising $3.5 million and subsequently listed on the ASX on 29 November 2006.
The acquisition of PRL resulted in the Company taking control of a number of subsidiary companies and associated exploration assets and interest in agreements to acquire exploration assets. The explorations assets and interests in exploration assets form the basis of the Company's operations.
The Company commenced exploration activities with drilling programmes at the Company's Menzies project in October. On closure of the Company's prospectus it proceeded to settle all tenement acquisition agreements.
FINANCIAL POSITION
The net assets of the Entity have increased by $ 4,878,593 to $5,016,899 as at 31 December 2006 (30.6.2006 $138,308).- Web Site
Change of Director's Interest Notice - Web Site
PETSEC ENERGY SPUDS MOBILE BAY 994 #1 WELL, GULF OF MEXICO, USA
Petsec Energy Ltd (ASX, PSA; ADR's, PSJEY.PK)
Petsec Energy announced today that the Mobile Bay 994 #1 well was spud on 19 March 2007, in the Gulf of Mexico, USA.
The well is being drilled from the same surface location as the successful Viosca Knoll 26#1 well, which last week discovered 6.1 metres (20 feet) of net gas pay and met pre-drill estimates. This two well programme is targeting 3-5 Bcfe of gas net to Petsec Energy (after payout).
Petsec has made five successive discoveries from its drilling in the Mobile Bay region during the last six months, all of which are expected to be brought into production by the third quarter of this year.
The Mobile Bay 994 lease, which is located approximately 160 kilometres east of New Orleans and is adjacent and to the south of the three gas discoveries made late last year on the Mobile Bay 950, 951 and 993 leases.... - Web Site
Change of Director's Interest Notice x 2 - Web Site
Replacement Half Year Accounts - Web Site
Appendix 3B: Exercise of Unlisted Options - Web Site
Rio Tinto plc share transaction 19Mar07 - Web Site
RMS Audio Broadcast - Web Site
Lacerta Operational Update
Mitchell Drilling Rig 101 has drilled, cased and suspended the Lacerta 22 Coal Seam Gas (CSG) production pilot well.
Following two days of scheduled mainenance, the rig will move to the location of the Lacerta 24 CSG pilot well - the third of a sheduled 8-well CSG production pilot program. - Web Site
Exploration Update - Parkinson Dam Drilling Recommences - Web Site
Thoroughbred No.1 Discovery - Web Site
Appointment of Chairman - Web Site
Becoming a substantial holder - Web Site
UMC SECURES THE HISTORIC KALUMBURU BAUXITE PROSPECT - SUMMARY
Appendix 3B: Exercise of Options - Web Site
Appendix 3B - Web Site
6 METRES OF MASSIVE SULPHIDES IN FIRST DRILLHOLE AS DRILLING COMMENCES AT KUHMO NICKEL PROJECT (FINLAND)
Vulcan Resources Limited ("Vulcan") (ASX: VCN) has commenced a 2,000 metre, 40 hole programme of diamond drilling at its Kuhmo nickel sulphide project ("Kuhmo") in eastern Finland.
The first hole completed at the Peura-aho prospect intersected 6 metres of massive sulphide with visible pentlandite (Ni) and chalcopyrite (Cu) at 55 metres depth, significantly thicker than expectations. Massive sulphides in prior drilling generally grade from 2.5-3.0% nickel, approximately 1% copper and 2-4 g/t Pt+Pd+Au.
The drilling at Kuhmo will test the shallow, high-grade portions of each of the 5 deposits and adjacent targets. It will permit the estimation of shallow high-grade Resources, provide further samples for metallurgical testwork and allow the optimisation of pits. Baseline environmental studies have been completed.
The Kuhmo project is Vulcan's second advanced project and is located approximately 300 kilometres to the north of Vulcan's Kylylahti copper-cobalt project which is nearing completion of a Definitive Feasibility Study. The nickel sulphide deposits occur over a 150 kilometre north-south distance (Figures 1 and 2). Significantly, the mineralisation identified to date is similar in style to the well known komatiite-hosted deposits in Western Australia.
Nickel mineralisation in excess of 1% nickel either outcrops or is under a few metres of shallow till cover at each of the deposits. The deposits have been drilled in part by Outokumpu, the Geological Survey of Finland ("GTK") and Vulcan. Best intersections reported from the deposits prior to commencement of this drilling programme are:
- Web Site
Churchill Dam - 2nd hole intersects 186m of IOCGU alteration - Web Site
Changes to Board of Directors
Zinifex Offer For Wolfden - Web Site
|
Monday 19 March 2007 (Close of Business - New York)
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Stocks spiked higher Monday as Wall Street joined overseas markets in riding a wave of merger news to bounce back from a losing week. The advance in U.S. equities came as stocks overseas rose sharply, even after China's central banks raised interest rates to try to cool the economy.
Merger news helped lift stocks Monday, especially word that ABN Amro, the largest bank in the Netherlands, is a possible buyout target of Barclays.
Advancing issues outnumbered decliners by more than 3 to 1 on the New York Stock Exchange - volume was down on Friday, when contract expirations elevated trading volumes.
Crude oil eased. An Energy Department report tomorrow will probably show U.S. oil stockpiles rose for a second week while refiners prepared plants for summer gasoline production, according to a survey of analysts.
Copper prices in New York rose to a three-month high after inventories of the metal used in pipes and wires fell by the most in two weeks.
Nickel fell for the first time in four days after Jinchuan Group Co., China's biggest producer, said "crazy'' prices will spur higher production.
Tin rose to the highest since at least 1989.
Gold futures posted a small gain Monday, taking their three-session win to almost $12 an ounce as traders eyed upcoming U.S. economic data as well as a decision by the Federal Reserve on interest rates due later this week.
Appendix 3B - Web Site
VPE: Jingemia-11 Dev. Well Being Completed for Production - Web Site
Initial Director's Interest Notice x3 - Web Site
Change of Director's Interest Notice - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Becoming a substantial holder - Web Site
Change in substantial holding - Web Site
Corporate Governance Statement - Web Site
Terms of Options - Web Site
Revised - Pro Forma Balance Sheet based on funds raised - Web Site
Updated Statement of Commitments Based on Funds Raised - Web Site
Escrowed Securities (Amended) - Web Site
Pre-Quotation Disclosure - Web Site
Top 20 shareholders - Web Site
Distribution Schedule - Web Site
Pre-Quotation Disclosure - Web Site
Constitution - Web Site
ASX Circular: Commencement of Official Quotation - Web Site
Appendix 1A - Application for admission to official list - Web Site
Appendix 3B - Web Site
Becoming a substantial holder - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Half Year Accounts - Web Site
Despatch of Buy-Back Booklet - Web Site
Initial Wells Update Project Magaraita Sth Texas USA - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Results of General Meeting - Web Site
Drilling Progress Report - Thomas Well No 1 Kentucky USA - Web Site
SPP & Unmarketable Parcel Sale Documentation
AUSTINDO COMPLETES FIRST TRANCHE OF PLACEMENT
On 9 March 2007 Austindo Resources Corporation NL ("ARX" or the "Company") announced that Austock Corporate Finance Limited had undertaken a placement of 344 million ordinary fully paid shares in the Company at 1.5 cents per share to raise A$5.16 million ("Placement") as interim funding for the continued development of the Cibaliung Gold Project in Indonesia.
The Company is pleased to announce that Tranche 1 of the Placement, raising A$2.9 million, has been completed. Tranche 1 was comprised of 193.1 million shares placed using the Company's 15% placement capacity.
The placement was made to a range of institutional and sophisticated investors pursuant to Section 708 of the Corporations Act 2001. All of the shares issued under the placement will rank pari passu with existing ordinary shares.
In accordance with Section 708A (5)(e) of the Act, the Company gives notice that:
Tranche 2 - which comprises 150.9 million shares at 1.5 cents raising A$2.26 million is subject to shareholder approval at General Meeting which is to be held in April 2007. A Notice of Meeting will be despatched to shareholders at the earliest opportunity.
- Web Site
Change of Director's Interest Notice - Web Site
Senior Appointment - Web Site
Successful listing of demerged company - NuPower Lists at 300% premium.
Arafura Resources is pleased to advise of the successful listing of demerged uranium exploration company NuPower Resources Ltd on Friday 16 March. Shares in the company closed at 80 cents on the day's trade reflecting a 300% premium for shareholders.
NuPower was established as a result of a decision by Arafura's Board to demerge the company's uranium assets into a new entity. Under an in-specie distribution Arafura's shareholders received one NuPower share for every three shares held in Arafura.
The separate listing released the value of the uranium assets to shareholders and gives current shareholders and new investors greater flexibility to invest in both Arafura's assets and a specialist uranium stock.
Arafura retains ownership of the flagship Nolans rare earth phosphate project as well as interests in gold, iron ore, nickel and vanadium projects. NuPower will focus its attention on a comprehensive exploration program on the uranium assts which are all located in the highly prospective Northern Territory. - Web Site
Becoming a substantial holder for NUP - Web Site
Notice of General Meeting - Web Site
Touquoy Gold Project -Lodgement of Environmental Assessment - Web Site
Release from Escrow - Web Site
Notice to Optionholders - Web Site
BEACH PETROLEUM LIMITED TO EXPAND GAS & OIL & PRODUCTION WITH BASKER MANTA GUMMY GAS SALES AGREEMENT
Beach Petroleum Limited is pleased to announce the signing of a 15 year Gas Sales Agreement (GSA) with Alinta Limited to supply gas to Tasmania for power generation.
The initial contract is to supply 225 PJ of gas over a primary term of 15 years, commencing in 2009. It includes an option for additional gas supply, providing growth opportunities for all parties.
The signing of the GSA provides for a further expansion in the development of the Basker Manta and Gummy fields which commenced less than two years ago. Beach Petroleum is the 50 per cent owner of the Basker Manta and Gummy (BMG) fields with the remaining 50 per cent owned by the operator of the project Anzon Australia Ltd. The joint venturers will now proceed with the process leading to a final investment decision (FID), to which the agreement is subject
Already established as a top tier mid cap Australian oil producer, Beach Petroleum has emerged in the last year as a significant producer for the Australian domestic gas market. It supplies natural gas to New South Wales, South Australia, Queensland and the ACT and this year began producing coal seam gas in south eastern Queensland for electricity generation.
Managing Director of Beach Petroleum, Reg Nelson, said the company welcomed adding market opportunities in Tasmania to its expanding portfolio, which also includes large gas exploration prospects scheduled for drilling in 2008 offshore from Portland in Victoria....... - Web Site
Appendix 3B - LTIP Rights - Web Site
Appendix 5B for the month ended February 2007 - Web Site
High Grade Chalcocite Copper Intercepts - Web Site
Angola Oil Concessions - Web Site
Capital Raising - Web Site
Change of Director's Interest Notice - Web Site
Change of Director's Interest Notice - Web Site
Change of Director's Interest Notice - Web Site
Appendix 3B - Web Site
Significantly Increased Resource Estimate
Leyshon Resources Limited ("Leyshon") (ASX & AIM: LRL) is pleased to announce a significant increase and upgrade to its resource estimate from its highly successful 2006 drill programme at the Zheng Guang project in Heilongjiang, northeast China.
Independent consultancy Hellman and Schofield Pty Ltd of Australia has estimated the resource at:
following the 2006 drilling programme.
The gold equivalent content of these metals has been estimated at 1.74 million ounces at the 0.5 g/t gold cut off based on an assumption that 1% zinc is equivalent to 1.5 g/t gold and 50 ounces of silver is equivalent to 1 ounce of gold.- Web Site
Change in substantial holding for ARX - Web Site
Response to ASX Query re Share Price - Web Site
Replacement March 2007 Project Update - Web Site
Becoming a substantial holder - Web Site
Appendix 3B - New Issue of Securities - Web Site
NI 43-101 Report - Kayelekera Uranium Project - Web Site
Platina Shareholders Meeting 12 April 2007 - Web Site
Section 708A Notice - Web Site
Appendix 3B - Web Site
Appendix 3B - Web Site
Half Year Accounts to 31/12/06
DIRECTORS' REPORT.......
Review of operations
The following occurred during the half-year under review:
Corporate
Woodlawn
Exploration
Placement of Shares - Web Site
Jingemia-11 Development Well Being Completed for Production, L14, Onshore North Perth Basin, Western Australia
Summary:
Victoria Petroleum NL has been advised by Origin Energy Limited, operator of the L14 Joint Venture and Jingemia-11 oil development well that at 0600 hours Western Standard Time today that after completing wire line logging operations over the weekend, the current operation was running 7 inch production casing to complete Jingemia-11 as a future oil producer.
The operator Origin Energy Origin has advised that interpretation of the wire line logs indicate Jingemia-11 has intersected the entire Dongara Sandstone oil reservoir over 31 metres from 2,489 metes to 2,520 metres. Within the 31 metres interval, logs and pressure measurement s indicate an oil column of 23 metres thick overlying an approximate 8 metre thick partially swept oil zone.
- Web Site
Section 630(4) - Defeating condition has been fulfilled - Web Site
Change of Director's Interest Notice - Web Site
BPT: Press Rel: To expand gas & oil production with gas agmt - Web Site
BPT: Basker Manta Gummy BMG Gas Sales Agreement with Alinta - Web Site
Alinta Completes Key Contracts for Tamar Valley Power Station
Alinta Limited announced today the completion of two key contractual arrangements in relation to the proposed development of a 200 MW power station in Tasmania.
Alinta has now finalised a conditional long-term gas supply agreement with Anzon Australia Limited and Beach Petroleum Limited as well as all key conditional contractual arrangements with Aurora Energy for the sale of electricity.
Acting Alinta Chief Executive Officer Peter Magarry said the two developments were key milestones in bringing the historic new power station project to reality...... - Web Site
Details of General Meeting & Rights Issue - Web Site
Change in substantial holding from OXR
Appendix 3B - Web Site
MTH: Drilling Commences on Silver Swan North Joint Venture - Web Site
Half Year Accounts - Web Site
Change in substantial holding - Web Site
Preliminary Scoping Study Indicates 2 million tpa mine based on initial Mt. Fitch Uranium Resources has attractive economics
A preliminary scoping study conducted by Westech International under the direction of Compass and with significant input from Knox and Associates on geological issues and MineConsult on mine engineering, indicates that development of the Mt. Fitch Uranium resources is economically viable on a stand-alone basis in the current uranium demand and price environment. This preliminary study is based on the uranium resource announced on 14 July 2006 (announcement attached).
A program of additional drilling, sampling and process engineering test work will now continue to refine and optimize concepts and collect more data for a Definitive Feasibility Study. This program will also commence the necessary environmental engineering and regulatory work required for mining and processing uranium.
Development of Mt. Fitch would provide the first step in the Compass plan for producing uranium from a number of potential resources in its large tenement holding including the Rum Jungle area (10 million pounds of uranium was mined in this area during the 1950's and 60's).
The plan involves the mining of various potential resources as small independent mines and processing the ore through a central mill and processing facility.
Continuing work at Mt. Fitch, preparatory to the initiation of a Detailed Feasibility Study (DFS), will involve amongst other things:
Notice of General Meeting - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Notice of Annual General Meeting - Web Site
Change of Director's Interest Notice - Web Site
Half Year Financial Report for the period ended 31 December - Web Site
Half Year Accounts - Web Site
Half Year Accounts
Encouraging Intercepts from Yilgangi JV - Web Site
Director Appointments/Initial Director's Interest Notice x2 - Web Site
Appendix 3B - Web Site
Half Year Accounts - Web Site
Appendix 3B - Web Site
Anoling Gold Project Tenements Granted - Web Site
Downlands South-1 Update - Web Site
March 2007 Project Update - Web Site
Lanager Heinrich Mine Officially Opened - Web Site
Withdrawal of Plaints on Munni Munni Tenement - Web Site
Trading Halt - Web Site
Interim Financial Report for the Half-Year Ended 31 December 2006
DIRECTORS' REPORT
............
Corporate
Capital Raising
During the period the Company undertook a capital raising via a placement of convertible notes that had raised $10.2 million before issue costs as at balance date. A further $1.2 million has been received in relation to the issue of convertible notes after 31 December 2006. The raising was undertaken by way of the issue to institutional and sophisticated investors of October 2007 10% convertible notes. The notes are repayable at the company's option either in cash or in ordinary shares with the calculation being based on 90% of the volume weighted average price (in cents per share) of the shares traded on the ASX for the 10 trading days prior to redemption date. In addition the company also issued a total of 22.2 million shares for proceeds of $4.2 million following the exercise of unlisted options. Subsequent to the end of the reporting period a 1 cent call on the company's partly paid shares raised $1.52 million.
Events Subsequent to End of Year
During early March, a severe tropical rain depression, which eventually became Cyclone George, dumped a significant amount of rain on and around the Toms Gully minesite, in the Northern Territory. The Adelaide and Mary Rivers went into flood and the minesite access via the Arnhem Highway was cut by extensive floodwaters. The open pit and a significant part of the underground mine were inundated. Underground mobile equipment and an electrical substation were moved to safety prior to the underground being flooded. The underground mine is being pumped and a full recovery of the mine is underway
As a consequence of recent events the board decided to pursue a sale of the project and has retained advisors to consider offers. While this exercise is still in progress at the time of writing the board expect to be able to finalise a transaction for the sale in the near term.
The company entered into a loan agreement with a company related to a Director Mr S Bizzell in March 2007. The loan provides the company with an additional $6 million working capital facility over and above an existing facility. The loan is repayable on 31 March 2008 except in the event that the company completes one or more equity capital raising(s), in aggregate raising greater than $10,000,000 or the company sells assets for which the combined sale proceeds is greater than $10,000,000. - Web Site
Now Unconditional & Second Supplementary Bidders Statement - Web Site
APPOINTMENT OF CHIEF FINANCIAL OFFICER
Summit Resources Limited has pleasure in announcing the appointment of Doug Warden B.Comm CA MBA as Chief Financial Officer for the Group.
Doug is a Chartered Accountant and holds an executive MBA from the Australian Graduate School of Management (AGSM). He has over 13 years experience in the resources sector and chartered accounting profession. Prior to joining Summit, Mr Warden was employed by Iluka Resources Ltd for four years in various senior finance and business development roles, including Group Financial Controller and Commercial Manager, Operations. Before joining Iluka, Mr Warden gained nine years corporate finance and insolvency experience, predominantly with Ernst & Young and KPMG. - Web Site
Half Year Accounts
Further Drilling Results from Watershed - Web Site
Exploration at Yarawindah Brook - Web Site
Share placement to fund exploration programme and investment - Web Site
Ceasing to be a substantial holder for CGT - Web Site
Date of Annual General Meeting - 23 May 2007 - Web Site
Appendix 3B - Placement - Web Site
Becoming & Change in substantial holding - Web Site
Appendix 3B/Section 708A Notice - Web Site
Raises over $2.2 million in Share Purchase Plan & Placement - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Retraction of Bulman Press Release JORC Compliance - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Change in substantial holding from CBA
OXR Supplementary Bidder's Statement
Appendix 3B: Conversion of Listed Options - Web Site
Change in substantial holding - Web Site
Half Year Financial Report December 2006 - Web Site
Half Year Accounts - Web Site
Becoming a substantial holder for CRB - Web Site
Notice of General Meeting - Web Site
Change of Registered office - Web Site
Operations Update - 60 MCFD Field Production - Web Site
Half Yearly Report & Half Year Accounts - Web Site
Appendix 3B - Web Site
Media Release: Artemis lists on ASX - Web Site
Half Year Accounts - Web Site
Becoming a substantial holder for GRL - Web Site
Half Year Accounts - Web Site
Appendix 3B - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Annual Report to 31 December 2006 - Web Site
Half Year Accounts - Web Site
Cover Letter to Shareholders - Web Site
WPL ann: NWSV and Tohoku Electric sign LNG HoA - Web Site
FRS:JV Drilling Programme Commences at Silver Swan North - Web Site
Half Year Accounts - Web Site
Trading Halt - Web Site
Half Year Accounts - Web Site
Notice to S/holders re Special Purpose Administrator - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Redfm Radio Broadcast Interview - Web Site
Half Year Accounts - Web Site
LATEST RESULTS FROM THE LA PATRIA PROJECT
The Directors are pleased to announce results from the drill program at the La Patria project in the Temoris District, Chihuahua, Mexico.
The La Patria project is a 1.7 kilometre long part (La Patria-La Virginia-Maclovia) of the >4 kilometre Todos Santos to Maclovia mineralised corridor located 6.5 kilometres south-southeast of the Palmarejo project. Recent diamond core and reverse circulation (RC) drilling has focused on extending areas of known mineralization at the La Virginia and La Patria prospects.
A total of 68 reverse circulation (RC) holes and 26 diamond core holes have been drilled for 11,354 metres and 7,000 metres respectively since drilling began at the La Patria project early in 2006.
The continuing expansion of the La Virginia ore shoot (clavo) in width and depth is very encouraging.
Impressive down hole assay intercepts (using a 1.0 g/t AuEq lower cut off) from the recent drilling at the La Virginia section of the La Patria project prospect are as follows. Where there is a difference between down hole and true width intercepts, these are noted in the table of full assay results below.
Disclosure Document - Web Site
Half Year Accounts - Web Site
Further Information on Short Form Prospectus - Web Site
Half Year Accounts - Web Site
Becoming a substantial holder - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Results of General Meeting - Web Site
Half Year Accounts - Web Site
Managing Director Appointment - Web Site
Half Year Accounts - Web Site
Half Yearly Report & Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Final RC Drill Results for Wilgerup Hematite Deposit - Web Site
Half Year Report & Half Year Accounts - Correction - Web Site
Half Year Accounts - Web Site
Final Director's Interest Notice - Web Site
Director Resignation - Web Site
KOKA RETURNS FURTHER HIGH-GRADE GOLD RESULTS
Eritrea Zara Project (Dragon Diluting to 20% interest)
Diamond drilling at Sub-Sahara Resources' Zara Project, in Eritrea, has returned further highgrade gold intercepts. The results were achieved in the current known 450 metres of mineralisation at the Koka Prospect (refer Figure 1).
Drilling highlights included:
Sub-Sahara chief executive officer Michael Griffiths said the drilling results were as expected given that the company was drilling within the known mineralised zone at the Koka Prospect.
Mr Griffiths said the further significant high-grade results from the north-south striking Koka Prospect, where mineralisation remains open in both directions and at depth, added to the company's confidence in the project.
"Drilling continues to successfully test this model of mineralisation," he said.
The most significant diamond drill results returned from seven recently completed drill holes continue to display the high-grade nature of the mineralisation (See Table 1).
Drilling at the Koka Prospect will continue to define the extent of mineralisation and further drill results will be released to the market as they come to hand..... - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Fiji Sale Discussions - Web Site
Change in substantial holding - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Appendix 3B: Exercise of Options - Web Site
December 31 2006 Annual MD&A - Web Site
AGM Proxy Form - Web Site
Annual Report - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Interim Financial Report - Half Year ended 31 December 2006
White Dam Approvals Process Underway - Web Site
Half Year Accounts
RESULTS OF OPERATIONS
The principal activity of the Company during the period was the exploration and evaluation of mineral assets. The operating profit for the half-year ended 31 December 2006 was $1,011,366 (31 December 2005: $119,131).
REVIEW OF OPERATIONS - HIGHLIGHTS
CLONCURRY COPPER PROJECT, NW QUEENSLAND (EXCO 100%)
WHITE DAM GOLD PROJECT, SOUTH AUSTRALIA (EXCO 100%)
CORPORATE
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Bulk Sample for Diamonds Collected - Web Site
Response to ASX Share Price Query - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts December 2006 - Web Site
Half Year Accounts - DIRECTORS' REPORT
OPERATING RESULTS
The operating loss for the Consolidated Entity, after income tax amounted to $3,249,805.
SIGNIFICANT CHANGES AND REVIEW OF OPERATIONS
The following significant changes in the state of affairs of the Consolidated Entity occurred during the financial half-year:
On 14 November 2006, the Company allotted and issued 4,050,000 fully paid ordinary shares in the Company for 15 cents each and 4,050,000 free options to acquire shares in the Company expiring on 31 December 2009. Each option would entitle the holder to acquire one fully paid ordinary share in the Company for 20 cents. The shares and options were issued pursuant to a prospectus registered on 9 November 2006. The issue of these shares and options was subsequently approved by the General Meeting of shareholders of the Company held on 19 January 2007.
On 8 December 2006, the Company allotted and issued 5,000,000 fully paid ordinary shares in the Company for 14 cents each and 10,000,000 options to acquire shares in the Company expiring on 31 December 2009 at an issue price of 1 cent each. Each option would entitle the holder to acquire one fully paid ordinary share in the Company for 20 cents. The shares and options were issued pursuant to a prospectus registered on 24 November 2006. The issue of these shares and options was approved by the Annual General Meeting of shareholders of the Company held on 24 November 2006.
On 21 December 2006, the Company allotted and issued 5,000,000 fully paid ordinary shares in the Company for 14 cents each. The shares were issued pursuant to a prospectus registered on 24 November 2006. The issue of these shares was approved by the Annual General Meeting of shareholders of the Company held on 24 November 2006.
EVENTS SUBSEQUENT TO BALANCE DATE
On 8 January 2007, the Company announced that the jack-up drilling rig, Pride Georgia began its tow to location on well OCS-G 27089 #1 in offshore lease South Marsh Island Block 138 ("SMI 138") in the Gulf of Mexico Outer Continental Shelf waters at 11:00 AM on 31st December 2006. The well spudded at 05:30 am on 6th January 2007 and at 3:00 PM on 7th January 2007, the 20" casing was being cemented at 366 metres (1200 feet) measured depth. The Company is earning a 16.25% working interest in block SMI 138 by participating in this well. On 9 February 2007, the Company announced that analysis of the data for South Marsh Island block 138 #1 well had resulted in the decision to plug and abandon the well. This decision is based on the conclusion from the analysis that the well has no commercial hydrocarbon bearing sands. - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Change in substantial holding - Web Site
Half Year Report & Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Yearly Accounts December 2006 - Web Site
Becoming a substantial holder for WLF - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Details of Annual Meeting - Web Site
Change in substantial holding for MRX - Web Site
Change of Director's Interest Notice - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Becoming a substantial holder from PPT - Web Site
Becoming a substantial holder from PPT - Web Site
Change of Director's Interest Notice - Web Site
Half Year Accounts - Web Site
Change in substantial holding - Web Site
Half Year Accounts - Web Site
Norseman Project Acquisition Update - Web Site
Approval of Permit Extension for WA-314-P & WA-315-P - Web Site
Half Yearly Report & Half Year Accounts - Web Site
Change of Director's Interest Notice - Web Site
Half Year Accounts
Half Yearly Report & Half Year Accounts - Web Site
Boardroomradio Interview - 16 March 2007 - Web Site
Half Year Accounts - Web Site
Appendix 3B: Exercise of Options - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Response to ASX Query re: Share Price - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Yearly Report - Correction - Web Site
Change in substantial holding - Web Site
Half Year Accounts - Web Site
Half Yearly Report & Half Year Accounts - Web Site
Yilgarn Avon Joint Venture WA - Web Site
Half Year Accounts - Web Site
Half Yearly Report & Half Year Accounts - Web Site
Xinfa Completes Purchase of 10% of Cape for $4.625M - Web Site
Half Year Accounts - Web Site
Mining Leases Granted Spinifex Ridge Molybdenum/Copper Proj - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Report & Half Year Accounts - Web Site
Change of Director's Interest Notice - Web Site
Prospectus - Web Site
Share Placement Completed - Web Site
Appendix 3B: Escrow Release - Web Site
Half Year Accounts - Web Site
Appendix 3B - Web Site
Share Purchase Plan closes - Web Site
2006 Annual Report - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Appendix 3B - Web Site
Half Year Accounts - Web Site
Windarra Nickel Project Update - Web Site
Appendix 3B & Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts
Appointment of New Director - Web Site
Appendix 3B - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Interim Results - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Change in substantial holding - Web Site
Half Year Accounts - Web Site
Section 708A Notice - Web Site
Appendix 3B - Web Site
Issue of Securities - Web Site
Project Update & Capital Raising - Web Site
Completion of Dispatch of Bidder's Statements - Web Site
Half Year Accounts - Web Site
Appendix 3B - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Amended Half Year Financial accounts - Web Site
Gas Discovery at Viosca Knoll 26 Lease Gulf of Mexico USA - Web Site
Appendix 3B - Web Site
Despatch of Buy Back Booklet (amendment) - Web Site
Wolfram Camp Presentation - Web Site
Half Year Accounts - Web Site
Half Year Report & Half Year Accounts - Web Site
Half Year Financial Report - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Appendix 3B - Web Site
Half Year Accounts - Web Site
Half Year Accounts
Appendix 3B - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
RSNGB Interest Payment - Web Site
Feral Iron Ore Prospect - Further Surveys - Web Site
Horizontal Well Successfully Drilled/Completed for Prod-NSA - Web Site
Half Year Accounts
Half Year Accounts - Web Site
US Activities Update - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
AGK: Grant of new gas production lease - Web Site
Trading Debut on Hong Kong Exchange and s708 Notice - Web Site
Half Year Accounts - Web Site
December 2006 Interim Financial Report - Web Site
Half Year Accounts
Half Year Accounts - Web Site
Audio Broadcast - Boardroom Radio - Web Site
Half Year Accounts - Web Site
SP $6 million Cooper basin production enhancement program - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
2006 Consolidated Interim Financial Report - Web Site
Agreement with Former Director re Termination of Employment - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Drilling commences at Snapper #A-1 - Web Site
Change of Director's Interest Notice - Web Site
Half Year Accounts - Web Site
TGS Half Yearly Report 2006 - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
31 December 2006 Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half Year Accounts - Web Site
Half-Yearly Financial Report 31 December 2006 - Web Site
Replacement Half Year Accounts - Web Site
Half Year Accounts - Web Site
Ceasing to be a substantial holder - Web Site
Half Year Accounts - Web Site
Half Year Accounts
Half Year Accounts - Web Site
Half Year Accounts - Web Site
NWSV and Tohoku Electric sign LNG HoA - Web Site
Response to ASX Query
Half Year Accounts - Web Site
|
Friday 16 March 2007 (Close of Business - New York)
|
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| All Ords | 5817.8 | -14.0 | Dow Jones | 12,110.41 | -49.27 | |||
| ASX100 | 4717.3 | -14.3 | S&P 500 | 1386.95 | -5.33 | |||
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| ASX300 | 5846.9 | -15.4 | NYSE Volume | 3,380,767,000 | ||||
| Materials (Sector) | 11,105.8 | +100.1 | US 10-Year Bond | 4.545% | +0.009 | |||
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