The merger of Vulcan Resources Limited with Universal Resources Limited (ASX:URL) became effective on 19 February 2010. The new company has been focussed on development studies at the Outokumpu copper project. This release provides an update on this exciting project.
Altona Mining Limited
Altona is a cashed up ASX listed company with a record of shareholder returns. It is focussed on the Cloncurry Copper Project in Queensland, Australia.
The Cloncurry Copper Project has resources containing some 1.65 million tonnes of copper and 0.43 million ounces of gold. The first development envisaged is the 7 million tonnes per annum Little Eva open pit copper-gold mine and concentrator.
Australian shares ended lower on Thursday after a weaker-than-expected ABS retail sales data and Myer's disappointing result for first half FY2010. The benchmark S&P/ASX200 index closed 26.3 points, or 0.57 per cent lower, at 4621.6, while the broader All Ordinaries index gave up 29.1 points, or 0.62 per cent, to 4644.1.
Universal Resources Limited (ASX:URL) is pleased to provide a Quarterly Activities Report for the period ended 31 December 2009.
ABN Newswire stocks to watch today include: Universal Resources Limited (ASX:URL), Marion Energy Limited (ASX:MAE) (PINK:MAEJF) and Environmental Clean Technologies Limited (ASX:ESI).
Universal Resources Limited (ASX:URL) are pleased to report the results of a preliminary field examination of the Quamby open pit gold mine (now abandoned).
Universal Resources Limited (ASX:URL) And Vulcan Resources (ASX:VCN) Merge To Create Significant Copper-Focussed Global Development Company
Australian base metals companies, Universal Resources Limited (ASX:URL) And Vulcan Resources Limited (ASX:VCN) are pleased to announce that they have agreed to merge the two companies by Scheme of Arrangement ("Scheme"). Following the merger, the merged group will seek to progress development and finance of its two advanced development stage projects, Kylylahti and Roseby.
Universal Resources Limited (ASX:URL) And Vulcan Resources (ASX:VCN) Extend Exclusivity Period Prior To Merger
Further to Universal Resources Limited (ASX:URL) and Vulcan Resources Limited (ASX:VCN) announcement of 3 September 2009, whereby the groups announced the signing of a non-binding term sheet of a proposed merger. The groups have agreed to amend the term sheet to extend their ability to deal exclusively with each other from the 21st September to the 25th September 2009.
The Directors of Universal Resources Limited (ASX:URL) are pleased to advise that the Company has placed 100 million new shares at 1.8 cents per share ("the Placement") to Professional and Sophisticated investors. The Placement will raise a total of A$1.8 million before costs of the issue.
The directors of Universal Resources Limited (ASX:URL) advise that a 15 hole, 1900 metre Reverse Circulation (RC) drilling programme is about to commence at three of the company's copper prospects in northwest Queensland : Bedford North and Lady Clayre prospects within the Roseby Copper Project and Ivy Ann within the Cameron River Project. The program is anticipated to be completed by early October 2009.
Universal Resources Limited (ASX:URL) Updates On The SEEP Joint Venture, Xstrata (LON:XTA) Commences Drilling At Blackard Copper Deposit
The directors of Universal Resources Limited (ASX:URL) advise that Mt Isa Mines Limited (Xstrata) has commenced drilling at the Blackard deposit as part of its exploration pursuant to the SEEP Joint Venture. The SEEP Joint Venture involves an area of approximately 174 sq km within the 1,650 sq km Roseby Copper Project tenements in the Cloncurry area, Queensland.