Asian Activities Report for August 1, 2011: Cullen Resources (ASX:CUL) Announce High-Grade Zinc Discovery at TL Property in Canada
Kasbah Resources Limited (ASX:KAS) has signed a letter of intent to award 30,000 metres of diamond drilling to the international drilling company Spektra Jeotek AS. Spektra will immediately mobilise three new diamond rigs to Kasbah's Achmmach tin project in Morocco and equipment will be onsite and operational next month. Kasbah intents to increase the size and upgrade the resource at Achmmach and targets to have up to five diamond rigs operating by the last quarter of 2011.
Centrex Metals Limited (ASX:CXM) has received approval to mine its wholly owned Wilgerup deposit of hematite iron ore in South Australia. It is anticipated that Wilgerup will produce between 1.0 million tonnes and 1.5 million tonnes of direct shipping ore per annum for up to 7 years.
Endocoal Limited (ASX:EOC) has successfully completed a A$7.7 million placement from the issue of 19.7 million shares at an issue price of A$0.39 per share. The proceeds from the placement will fully fund a Bankable Feasibility Study for a proposed 1.5Mtpa open-cut thermal coal mine at the Meteor Downs South project and an aggressive drilling and exploration program at other tenements.
Kasbah Resources Limited
Cullen Resources Limited
Centrex Metals Limited