Posts by ABN NEWSWIRE:

Sundance Resources Limited (ASX:SDL) ore reserve upgrade to 352 million tonnes of high-grade hematite

Sundance Resources Limited (ASX:SDL) advises that the High Grade Ore Reserve for Stage One of the Mbalam Iron Ore Project in the Republic of Cameroon and the Republic of Congo now totals 352 million tonnes (Mt) at 62.4% Fe. All Mineral Resources and Ore Reserves have been estimated in accordance with the JORC Code. This upgraded estimate is significant because it confirms Mbalam now has sufficient Reserves to deliver Stage One of the Project. Stage One proposes the production of 35 Mt per year of High-Grade Direct Shipping Ore (DSO) for at least 10 years.
ABN NEWSWIRE | November 14, 2011 | 11:20 pm

Hastings Rare Metals Limited (ASX:HAS) announces significant rare earth results at Yangibana project

Hastings Rare Metals Limited (ASX:HAS) announces the results of a recent sampling programme at the Yangibana Project in Western Australia. Assays return up to 12.8% total rare earth oxides, confirming the potential for a high neodymium oxide resource. The Company is considering a major drilling programme to further define the drilled targets and establish JORC-compliant resources in 2012.
ABN NEWSWIRE | November 11, 2011 | 1:38 am

Coalspur Mines Limited (ASX:CPL) signed memorandum of understanding with Canadian National Railway Company (TSE:CNR) to develop rail logistics for Vista coal project

Canadian National Railway Company ("CN") (TSE:CNR) (NYSE:CNI) and Coalspur Mines Limited ("Coalspur") (ASX:CPL) (TSE:CPT) announced today that they have signed a Memorandum of Understanding (MOU) under which they will develop a high-quality logistics supply chain to transport export thermal coal from Coalspur's Vista Coal Project (Vista) near Hinton, Alberta, to Western Canadian ports starting in 2015.
ABN NEWSWIRE | November 9, 2011 | 11:58 pm

Avalon Rare Metals delays slightly Nechalacho heavy rare earth bankable feasibility study

Avalon Rare Metals Inc. (TSE:AVL) (PINK:AVARF) announces that it is continuing to make steady progress towards defining the metallurgical process flowsheets for the Nechalacho heavy rare earths ore. Results are positive but progress has been slower than originally anticipated. This could result in a minor delay in the completion of the bankable feasibility study, but the overall schedule to production remains unaffected at this time.
ABN NEWSWIRE | November 9, 2011 | 11:31 pm

Asian Activities Report for November 8, 2011: Stanmore Coal (ASX:SMR) completed pre-feasibility study for the Range Coal project in Queensland

Stanmore Coal Limited (ASX:SMR) has completed the Pre-Feasibility Study for its wholly owned the Range Project, located in Queensland's Surat Basin. The Study has confirmed the technical and economic feasibility of a proposed 5 million tonnes per annum open pit conventional mining operation at the Project for 26 years from 2015. The project contains a JORC Marketable Reserve of 94 million tonnes from a JORC Total Resource of 229 million tonnes of export quality thermal coal.
ABN NEWSWIRE | November 8, 2011 | 1:45 am

Transit Holdings (ASX:TRH) commences drilling on Paradox Basin potash project in USA

Transit Holdings Limited (ASX:TRH) has commenced drilling on the second drilling site on the Company's Paradox Basin Potash Project in the USA. The drilling will collect core samples of the potash horizons and is likely to confirm the presence of potash which has previously been detected by gamma logging of petroleum wells. All drilling information will then be used for the estimation of the project's maiden JORC compliant resource.
ABN NEWSWIRE | October 25, 2011 | 2:00 am

Atlas declares Ferraus takeover offer unconditional and confirms accelerated payment terms

Atlas Iron Limited (“Atlas”) [ASX: AGO] has today declared its recommended off-market takeover offer (“Recommended Offer”) for all of the fully paid ordinary shares in FerrAus Limited (“FerrAus”) [ASX: FRS] free of all defeating conditions. Additionally, Atlas confirms that FerrAus Shareholders who validly accepted the Recommended Offer before it was declared unconditional will be issued their consideration within 3 business days of today’s date (13 September 2011). FerrAus Shareholders who now validly accept the Recommended Offer will be issued with their Atlas Shares within 3 business days of their acceptance being processed.
ABN NEWSWIRE | September 8, 2011 | 1:01 am

Toro expands Theseus uranium prospect in WA

Perth, Aug 29, 2011 (ABN Newswire) - Drilling by Toro Energy Limited (ASX:TOE) at its 100%-owned Theseus uranium prospect in Western Australia continues to expand the large uranium mineralised system, with the aerial extent now defined over an 8km2 area. Although the grade tenor at Theseus remains to be defined in detail, this aerial extent is larger than the combined footprint of comparable systems such as the various deposits of the Frome embayment in South Australia. The mineralisation trend remains open in all directions except to the northwest.
ABN NEWSWIRE | August 29, 2011 | 6:58 am

Platina Resources Limited (ASX:PGM) received full assay results from Owendale platinum project

Platina Resources Limited (ASX:PGM) is pleased to confirm the receipt of all assay results from its recently completed 4,591 metre RC drilling program at the Owendale Platinum Project, New South Wales. The Owendale Platinum Project is a 100% wholly owned project, which covers the 30 square kilometre Owendale Igneous Complex (OIC). Approximately one-third of the total area of the OIC contains ultramafic rocks that are overlain by a 40 metre thick weathered laterite profile. Drilling by the Company has focused on this laterite profile, where significant enrichment in platinum (predominantly as the alloy isoferroplatinum) has occurred.
ABN NEWSWIRE | August 8, 2011 | 10:34 am