Search results “Brockman mining asx australia”
ABN Newswire Australian Market Report of Dec 3, 2010
Winchester Resources Limited (ASX:WCR) has entered into an agreement to acquire 100% of the issued capital of Killara Resources Pty Ltd, a private Australian company focused on mineral exploration and development opportunities in Indonesia. The Belu Manganese Project is an early stage high grade manganese project, with initial rock chip results of up to 53.7% Mn. Killara has an 80% interest in the Project and has access to a pipeline of Indonesian project opportunities which will be available to Winchester on completion of the acquisition. Chesser Resources Limited (ASX:CHZ) has received further positive assay results from its Phase 3 drill program (10,000 metre) at the Kestanelik Project in northwest Turkey. Diamond drill hole KED-22 intersected a 19 metre-wide zone of high grade gold mineralisation and reported results including 5.5 metres at 11.0 g/t gold, 2.8 metres at 13.4 g/t gold and 7.1 metres at 8.6 g/t gold. The scout drilling on some of our geophysical targets has also been very encouraging and the company is continuing to intersect significant widths of gold-bearing vein material. Terrain Minerals Limited (ASX:TMX) has signed a new agreement with New Global Mining Limited to sell the Coogee Gold Deposit for A$1.17m in cash and script. The Coogee Gold Deposit is located 20 km northeast of Kambalda, WA, and has a JORC compliant indicated and inferred resource totalling 277,500 tonnes at 3.91 g/t gold for 34,870 ounces. The proceeds of the sale will be used to test a large number of attractive gold targets at the Bundarra and Dodgers Well Projects and nickel targets at Aztec Dome in the East Kambalda Project. Brockman Resources Limited (ASX:BRM) has taken a further important step towards development of its 100%-owned Marillana Iron Ore Project in Western Australia with the award of a key Front End Engineering & Design (FEED) Services contract for design and construction of the Project. The contract, for the design and construction of Marillana Project (Stage 1), has been awarded to UGL Resources Pty Ltd, a wholly owned subsidiary of UGL Limited (ASX:UGL), one of Australia's leading providers of project delivery services in the mining and mineral processing, oil and gas, chemicals and industrial processing industries. Brockman expects to complete a Bankable feasibility Study and Final Investment Decision for the project by the Quarter 3 of calendar year 2011.
Views: 199 ABN Newswire
ABN Newswire - Australian Market Report of October 19: US Deficit Hits Record High
The Dow index gave up last week's success and slipped back slightly over the weekend. US and European stock markets closed lower on Friday after the latest US corporate results disappointed high hopes and pushed Wall Street back down through the key 10,000 points level. The U.S. budget deficit hit a record US$1.4 trillion to the end of the fiscal year, the US government said on Friday, as the recession and a series of bank rescues cut a hole in public finances. That figure was US$162 billion smaller than the White House had forecast in August, but it still amounted to 10 percent of total U.S. economic output, the most for any budget shortfall since World War Two. The Australian dollar opened lower today, as investor appetite for the risk sensitive currency decreased following poor profit results from major US companies. Key Economic Facts and Figures Forecasters are revising their unemployment figures and expecting the unemployment rate to peak at 6.8 per cent in the middle of next year. The Federal Government had previously flagged a rise in unemployment to 8.5 cent by mid-2010, when delivering its Budget last May. The jobless rate currently stands at 5.7 per cent. M&A News Transport and logistics group Toll Holdings (ASX:TOL) is eyeing more takeover opportunities as it seeks to become a dominant player in Asia, with plans to spend between A$500 million and A$700 million from cash and bank borrowing facilities. Chief executive Paul Little said yesterday that with valuation multiples at their lowest in a while, the time was right to look at mergers and acquisitions of freight forwarders. Services and Technology company to the metals industry, Ausmelt Limited (ASX:AET), has received an offer from an unidentified company to acquire all of its shares. Ausmelt has recently announced new lead smelting operations in China and India, and indicated that the offer price is significantly in excess of Ausmelt's current share price. Polaris Metals (ASX:POL) has advised shareholders to take no action on the offer by Mineral Resources (ASX:MIN) to acquire all of its shares. Polaris favours a superior offer from Lion-Asia Resources representing a premium of 6% on the Minerals Resources offer. Pilbara Iron Ore hopefuls Brockman Resources (ASX:BRM), FerrAus Limited (ASX:FRS), BC Iron Limited (ASX:BCI) and Iron Ore Holdings Limited (ASX:IOH) rallied strongly on Friday as a result of BHP Limited's (ASX:BHP) takeover offer for United Minerals Corporation (ASX:UMC). Important Corporate News U.S. oil company Chevron Corp (NYSE:CVX) has made a gas discovery off Western Australia, which could underpin its plans for the expansion of the A$37 billion Gorgon liquefied natural gas project. Chevron, operator and 47.75-percent owner of the Gorgon project, said late on Sunday it had achieved drilling success at its Achilles-1 exploration well in the offshore Carnarvon Basin, encountering approximately 100 metres of net gas pay. Myer Holdings Limited chief executive Bernie Brookes begins his United States east coast road show this week as he puts the department store before leading fund managers and institutional investors in the lead-up to its November 2 float. Capital Group, Fidelity and Templeton are among the larger fund managers targeted during the road show who already have extensive investments in Australia. Their interest in the A$3 billion Myer float will greatly affect the final price of the shares. Norton Gold Fields (ASX:NGF) one of the largest ASX listed gold producers, today announced the successful placement of shares worth A$40.5 million to sophisticated investors in Canada, USA, UK and Hong Kong at A32.83 cents per share. The placement provides significant funding for the company's growth plans for the Mount Morgan Mine project in Queensland. Monaro Mining (ASX:MRO) announced an independent re-evaluation of the Rio Puerco mine in New Mexico USA, resulting in a significant increase of 250% in the project's uranium resource inventory. Monaro's chairman Jim Malone said the results of this work have dramatically exceeded the company's expectations. Wesfarmers Limited (ASX:WES) and Arch Rival Woolworths Limited (ASX:WOW) are among a number of companies to update investors this week. Wesfarmer's all important first quarter sales numbers for Coles Supermarket outlets are to be released on Friday. Other companies who will supply market updates this week from their annual meetings include Qantas (ASX:QAN) and Fosters Group (ASX:FBW).
Views: 2645 ABN Newswire
Boss Resources: The Pitch
Boss Resources is an ASX listed uranium development company with the flagship asset being the Honeymoon uranium project. Approximately $170m has been spent on infrastructure at the project, as production commenced in 2011, however was later placed on care and maintenance in 2013 due to the sustained low uranium price because of the Fukashima disaster. However the infrastructure has been kept in excellent condition and we believe only a minimal amount of capital would be required for production to recommence in the future.
Fortescue Metals Group (FMG) Rail Expansion Project update
fmgl.com.au | Fortescue Metals Group (FMG) gives an update on the T155 Rail Expansion Project delivering iron ore to Port Hedland.
MMR2003 Mt Magnet Its Just Me
Music clip to singer songwriter Anita Seery's, It's Just Me.
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