Newly listed International Coal ( ASX: ICX ) has wasted no time with $7.7 million in hand to set its sights on an aggressive exploration program on its Queensland coal tenements.
Prosperity Minerals (LON:PMHL) says it has now secured 4 million tonnes of iron ore through a deal with Blackrock Metals of Canada. The firm has exercised its option under the offtake agreement, struck previously with Blackrock for 800,000 tonnes of ore,
Universal Coal (ASX: UNV) has moved to a direct 40% ownership of the Berenice Coking Coal Project and the Somerville project in South Africa, post the completion of the first phase of drilling and the updated resource estimate - which was completed by GEMECS.
The significance of the ownership for Universal Coal is that Berenice hosts a coking coal JORC Resource of over one billion tonnes, with 218 million tonnes Indicated and 840 million tonnes Inferred.
African Queen Mines (CVE:AQ) is an exploratory resource company focused in Africa, with loads of development potential. Being at its lowest share price in two years due a recent hammering of small-cap junior mining stocks, the company is set for significant upside potential, asserted CEO Irwin Olian to Proactiveinvestors.
Silver Lake Resources ( ASX: SLR ) is set to commence gold production at the Wombola Dam open pit in September 2011, which forms part of the company's larger Mount Monger Operations.
Botswana Metals (ASX: BML) has intersected high grade copper and silver from a 6000-metre drill program completed at the Dibete prospect in Botswana, adding weight to the resource estimation study set to be carried out following the next phase of drilling.
Apollo Minerals (ASX: AON) has received metallurgical test work results from the initial drilling program of Unit A at its Mt Oscar Main Iron Ore Project, indicating potential to produce iron ore concentrates suitable for steel making.
Economies of scale are now being reached at Cairn Hill, as unit costs per tonne are falling as production is being ramped up. Phase one ore at the operation is expected to deliver 7.9Mt from two pits, generating revenue of A$250m at current prices.
Botswana Diamonds (LON:BOD) issued a mixed update on its exploration activities in Botswana but believes there are enough positives for it to press ahead with work aimed at furthering the assessment of its key prospects, most notably the AK9 structure, which is believes to hold considerable upside potential.
The company is currently intent on refining the grade per ton and value per carat of diamonds discovered by prior work in kimberlites AK9, AK8 and BK5 in Botswana.
