Australian Market Report of March 10, 2011: Cardia Bioplastics (ASX:CNN) Partner With Wesco China To Distribute Sustainable Resins In China
Manas Resources Limited (ASX:MSR) has commenced an extensive drilling and exploration program at its 100%-owned gold projects in the Kyrgyz Republic. The Company will drill up to 20,000m, aiming to significantly increase its current resource base of 1.13Moz of gold. The Shambesai Gold Project is expected to produce its first 100,000 ounces at an average head grade of 5.7 g/t gold in the first three years at a cash cost of US$180 per ounce.
Alara Resources Limited (ASX:AUQ) has commenced a drilling programme at the Khnaiguiyah Zinc Copper Project in the Kingdom of Saudi Arabia, representing a tangible step in advancing the Bankable Feasibility Study of the Project. The Company plans to mobilise additional drill rigs to site to commence a detailed drilling programme and expand the current mineralisation.
Noble Mineral Resources (ASX:NMG) announced high-grade intersections of up to 57.55g/t Au at its Bibiani Gold Project in Ghana. The Project will be the first source of primary ore feed for the Company's refurbished plant. Pre-commissioning of the 2.7Mtpa plant is scheduled to occur during May and June, with the first primary ore feed and commissioning set for July.
Noble Mineral Resources Ltd
Manas Resources Limited
Cardia Bioplastics Limited
Alara Resources Limited