ABN Newswire

Asian Activities Report for November 17, 2011: Northern Star Resources (ASX:NST) Announces Potential Gold Discovery Near Paulsens Gold Mine

newsroom@abnnewswire.net — Thu, 17 Nov 2011 12:00:02 GMT

Northern Star Resources Limited (ASX:NST) has discovered a potential gold bearing quartz lode immediately adjacent to its Paulsens gold mine in Western Australia, which has produced over 460,000 ounces of gold. This is a very encouraging result for the Company, which has embarked on an aggressive expansion strategy to target production of 80,000-200,000 ounces of gold. The Company has planned further drilling to test the new discovery.

Hillgrove Resources Limited (ASX:HGO) has commenced production from a process plant at its Kanmantoo copper mine in South Australia, marking its transition from a developer to a producer. Kanmantoo is an open-cut mine with an initial throughput of 2.4 million tonnes per annum, producing approximately 80,000 tonnes of concentrate, containing about 20,000 tonnes of copper metal and 10,000 ounces of gold per annum.

Dart Mining NL (ASX:DTM) says today that its Unicorn deposit in Victoria is estimated to contain 38,000 tonnes of recoverable molybdenum, 58,000 tonnes of recoverable copper and 8.6 million ounces of recoverable silver. The Company plans to commence further test work in the first quarter of 2012 to improve recoveries and increase saleable concentrate grades, to be followed by a scoping study for a flotation plant.

Mindoro Resources Limited (ASX:MDO) today announces the final results from drilling of the Southwest Breccia epithermal gold shoot at Lobo, the Philippines. The results confirm high-grade mineralisation close to surface as well as deeper extensions of the mineralized shoot. Future programs will target the mineralized shoot down plunge.

Asia Business News
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http://www.abnnewswire.net

Asian Activities Report for October 28, 2011: Victory West Metals (ASX:VWM) to Acquire South East Asia Energy Resources

newsroom@abnnewswire.net — Fri, 28 Oct 2011 12:05:34 GMT

Victory West Metals Limited (ASX:VWM) has signed a Heads of Agreement to acquire 100% of South East Asia Energy Resources Pte Ltd. South East Asia Energy Resources Pte Ltd is currently negotiating an agreement to supply Indonesian thermal coal to several state owned coal fired power plants in Vietnam. An initial supply order of 50,000 tonnes per month has been agreed with the supply demand expected to reach 250,000 tonnes per month. The first coal supply is expected to start in the second quarter of 2012.

Centrex Metals Limited (ASX:CXM) has received payment of A$8 millions to commence Stage 3A of the Bungalow Magnetite Joint Venture with Baotou Iron & Steel Group Company Limited ("Baogang"). This is the third progress payment by Baogang which has now invested a total of A$24M into the Joint Venture. The results of the recently completed Stage 1 scoping study and Stage 2 resource definition drilling have resulted in Baogang electing for an early payment of the Stage 3A funds. The Stage 3A payment will enable the project to steadily continue rather than wait for the completion of Stage 2 in 2012.

Gryphon Minerals Limited (ASX:GRY) announces more outstanding drilling results from ongoing drilling at the Nogbele Deposit at the Company's flagship Banfora Gold Project in Burkina Faso. Results include 68 metres at 3.86 grams/tonne gold and 32 metres at 1.14 grams/tonne gold. Gryphon has already identified a JORC-compliant inferred resource estimate at Banfora of 29 million tonnes at 2.1 grams/tonne for 2 million ounces of gold.

Ivanhoe Australia Limited (ASX:IVA) announces the completion of the Osborne Copper-Gold Study and the results of the Preliminary Economic Assessment of the Osborne Project in north-western Queensland. The Company is firmly on track to begin production from the Osborne Project in March 2012, targeting a over 10 year mine life.

Asia Business News
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http://www.abnnewswire.net

Asian Activities Report for October 19, 2011: Gold One International (ASX:GDO) Announces Key Government Approval for Chinese Investment Offer

newsroom@abnnewswire.net — Wed, 19 Oct 2011 12:13:27 GMT

Gold One International Limited (ASX:GDO) today announces a milestone approval from the National Development and Reform Commission of China regarding the proposed transaction between Gold One and a consortium of Chinese investors seeking to become Gold One's major shareholder and long term strategic partner. Other key regulatory approvals required for the translation are currently on track. If completed, the transaction will result in significant funds invested into Gold One, including a cash offer of A$0.55 per share for a 60%-75% shareholding in Gold One and a minimum A$150 million capital injection.

TVN Corporation Limited (ASX:TVN) says today that the accelerated drilling program at the Nuurst Project in Mongolia has confirmed that coal seam development in the south western limb of the Nuurst Licence extends to the full width of the licence area of 1.5 km and along strike for a length of 3 km. Continuous thick coal sequence has also been confirmed. TVN will continue follow-up work on the Nuurst Project, whilst review the potential acquisition of other coking and thermal coal projects in Mongolia.

Robust Resources Limited (ASX:ROL) reports assay results from its ongoing drilling program at the Romang Island Project in Indonesia, demonstrating the potential for high-grade gold at depth. The Company will shortly report a maiden JORC mineral resource based on the first 22,000 metres of drilling, while the overall exploration drilling is still in the very early stages.

Metminco Limited (ASX:MNC) says today that the latest drilling results from its 100% owned Los Calatos copper/molybdenum project in Peru confirm the world class potential of the Project. The current drilling program has intersected mineralisation from surface to vertical depths of approximately 2000 metres. On completion of this drilling program the Company will commission a pre-feasibility study on the Project.

Asia Business News
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Hanlong Mining Reaches Agreement for the Acquisition of Sundance Resources Limited (ASX:SDL) via a Scheme of Arrangement

newsroom@abnnewswire.net — Tue, 4 Oct 2011 14:10:00 GMT

Hanlong Mining ("Hanlong") notes the statement made today by Sundance Resources Limited (ASX:SDL) ("Sundance") and confirms that it has reached an agreement with Sundance to acquire 100 per cent of Sundance shares through a Scheme of Arrangement.

Hanlong has offered to pay A$0.57 cash per Sundance share, valuing Sundance at A$1.65 billion. The offer price represents a premium of:

- 42.5% to the closing price of Sundance shares on 15 July 2011, the last trading day prior to Hanlong's initial proposal

- 65.3% to the one month volume weighted average price (VWAP) to 15 July 2011

- 56.3 % to the three month VWAP to 15 July 2011

The Board of Sundance has unanimously recommended the offer in the absence of a superior proposal and subject to an independent experts report.

Hanlong is the largest shareholder of Sundance.

Mr Liu Han, chairman of Hanlong parent company Sichuan Hanlong Group, welcomed the agreement and said he looked forward to working with Sundance to complete the transaction for the benefit of all stakeholders.

"The agreement we have reached with the Board of Sundance allows Sundance shareholders to realise a substantial premium for their investment and we look forward to working with Sundance to complete the transaction as soon as possible," Mr Liu said.

"In addition, today's agreement will also bring great benefits to the people of the Republic of Cameroon and the Republic of Congo through the additional certainty it brings to the development of the Mbalam and Nabeba projects. We have always believed Hanlong was the natural developer of these projects and we intend to move forward with the development accordingly.

"Hanlong remains committed to ongoing investment in Australia and Australian resources companies as we seek to build a global, diversified mining company."

Hanlong and Sundance have signed a binding Scheme Implementation Agreement which sets out the full details of the transaction. This document has been lodged by Sundance on the Australian Securities Exchange and can also be found on the Sundance website (www.sundanceresources.com.au).

The offer remains subject to a number of conditions including approval from Australia's Foreign Investment Review Board and China's National Development and Reform Commission and Hanlong securing approved financing.

Hanlong and Sundance will work together to progress the receipt of the Mining Convention for Mbalam and Mining Permit for Nabeba with the governments of the Republic of Cameroon and the Republic of Congo respectively.

Hanlong is being advised by Bank of America Merrill Lynch and Mallesons Stephen Jaques.

About Hanlong

Hanlong Mining is a subsidiary of the Sichuan Hanlong Group, which is a privately-owned conglomerate with more than 12,000 staff and interests that span mining, energy, real estate, pharmaceuticals, industrial chemicals and technology.

In Australia, Hanlong also holds a 57% interest in Moly Mines (ASX:MOL) and 11.5% of uranium explorer Marenica Energy (ASX:MEY). In the United States, Hanlong holds a 12.5% interest in General Moly (AMEX:GMO) and will be assisting General Moly with the procurement of project finance for its Mt Hope Molybdenum Project.

In November 2010, Hanlong signed a co-operation agreement with the Export-Import Bank of China to provide Hanlong with loans of up to US$1.5 billion to fund its overseas expansion. In June 2011, Hanlong successfully facilitated the execution of a $494 million project finance facility between China Development Bank and Moly Mines, which involved Hanlong providing a guarantee to the facility.

Hanlong Mining Investment Pty Limited
Tel: +61-2-9235-2686
Fax: +61-2-9235-2482
http://www.hanlongmining.com

FINANCE VIDEO: Moly Mines (ASX:MOL) CEO Dr Derek Fisher Presents to the Capital Markets in Sydney at Investorium.tv

newsroom@abnnewswire.net — Thu, 8 Sept 2011 09:53:25 GMT

FINANCE VIDEO: Moly Mines (ASX:MOL) CEO and Managing Director Dr Derek Fisher presented to the Capital Markets at Investorium.tv in front of the top investment houses in Sydney on September 5, 2011.

Dr Fisher has more than 35 years of worldwide experience in the resource industry. He has been the principal in listing a number of companies, both in Australia and Canada, and has more than 20 years' experience as a manager of publicly listed companies. Dr Fisher began his career with the New South Wales Geological Survey in 1966 and, following graduation from the University of New England, Armidale, NSW, moved into the mineral exploration and mining industry. During the 1970s he undertook doctoral studies at the University of Toronto, Canada, gaining his PhD in 1979. Dr Fisher is an honorary life member of the Association of Mining and Exploration Companies (AMEC), having spent 13 years on the council of AMEC.

Moly Mines is an ASX and TSX listed resource company focused on mining Iron Ore in the Pilbara Region of Western Australia, developing their world class Spinifex Ridge Molybdenum-Copper project - 170km east of Port Hedland and exploring for Minerals, Base Metals and project opportunities worldwide.

View the Webcast here:
http://www.abnnewswire.net/press/en/69432/Moly_Mines

Tel: +61-8-9429-3300
Fax: +61-8-9429-3399
Email info@molymines.com
Website www.molymines.com

Asian Activities Report for August 22, 2011: Metminco (ASX:MNC) Confirms Significant Mineralization at Los Calatos Copper/Molybdenum Project

newsroom@abnnewswire.net — Mon, 22 Aug 2011 12:00:20 GMT

Metminco Limited (ASX:MNC) said today that drilling at its 100% owned Los Calatos copper/molybdenum project in Peru has indicated the existence of significant mineralization close to surface, and the mineralization extends to at least 1,700 metres below surface. The Company will complete the current drill program to test the full strike length of the mineralization. On completion of these drill holes, Metminco expects to commence an in-fill drill program with a view to completing an updated Mineral Resource estimate during 2012.

Exoma Energy Limited (ASX:EXE) announced that Katherine-1 well, the fifth well of its 2011 exploration campaign in Queensland, has spudded. The primary target of this well will be shale gas in the Toolebuc Formation of the Eromanga Basin and the secondary target will be conventional oil in the Hutton sandstone. Exoma Energy has 50% interest in the Katherine-1 well and CNOOC (HKG:0883) is earning its participating interest by a farmin, whereby CNOOC provides the initial A$50 million of joint venture expenditures on Exoma's five Galilee Basin prospects.

Aura Energy Limited (ASX:AEE) announced a significantly upgraded resource for its Häggån Project in Sweden. Resource doubled to 631 million pounds of uranium, and is now one of the top three largest undeveloped uranium resources in the world. As the upgrade only covers 15% of the Project area, the Company believes that there is significant potential for further resource growth.

Alchemy Resources Limited (ASX:ALY) has identified new gold mineralisation at the Hermes Gold Deposit, part of its Gascoyne Gold Project in Western Australia. Best results included 8 metres at 24.75 g/t gold and 4 metres at 16.47 g/t gold. Drilling results indicated potential for depth extensions of the gold mineralisation and existing Indicated Mineral Resource of approximately 130,000 ounces of gold at Hermes.

Asia Business News
Sydney Tel: +61-2-9247-4344
Tokyo Tel: +81-3-6868-3802
http://www.abnnewswire.net

Asian Activities Report for August 1, 2011: Cullen Resources (ASX:CUL) Announce High-Grade Zinc Discovery at TL Property in Canada

newsroom@abnnewswire.net — Mon, 1 Aug 2011 00:00:34 GMT

Cullen Resources Limited (ASX:CUL) announced high grade zinc discovery including 3 metres at 8.98% zinc within a massive sulphide zone from the TL Property located in south-east metal district of British Columbia, Canada. Trench sample assay results are highly anomalous in molybdenum and rhenium, with maximum molybdenum of 1339ppm, associated with the zinc sulphide zone. In addition, there are anomalous concentrations of copper, bismuth, nickel, tin, and tungsten. The Company believes that the area contains approximately 15 strike kilometres of prospective stratigraphy and will commence a substantial follow-up exploration programme.

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.

Asia Business News
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Tokyo Tel: +81-3-6868-3802
http://www.abnnewswire.net

Asian Activities Report for July 11, 2011: Royal Resources (ASX:ROY) Doubles Magnetite Resource to 537 Million Tonnes at Razorback Iron Ore Project

newsroom@abnnewswire.net — Mon, 11 July 2011 12:15:17 GMT

Most Asian markets had a weak start. The Australian share markets opened lower with the S&P/ASX 200 down 1.29% to 4594.6 in early trade. Nikkei 225 dropped 0.43% to 10,094.10. Hang Seng Index lost 0.96% to 22508.86. Only Shanghai Composite had a positive opening, up 0.13% to 2797.77.

Company News

Royal Resources Limited (ASX:ROY) has doubled the Phase II JORC compliant Inferred Resource to a total of 537.2Mt at 25.5% Fe at its 100%-owned Razorback Iron Ore Project in South Australia. This upgrade was met with less than 60% of the planned drilling, and drilling so far has shown excellent continuity supporting the potential for future significant resource upgrades. An Indicated Resource for Razorback is currently being compiled.

Metminco Limited (ASX:MNC) said today that its 100%-owned Los Calatos copper-molybdenum project in south Peru has been declared a "Project of National Interest" by the Peruvian Government. This designation will allow Metminco to acquire surface title to the Los Calatos project tenements. Metminco is currently undertaking a 50,000m diamond drill program which is designed to infill and extend the current resources at Los Calatos which contains approximately 4.7 million tonnes of copper equivalent metal.

Realm Resources Limited (ASX:RRP) said today that JORC inferred resource of 40.5Mt has been defined on the main seam in the Southern area of the Katingan Ria thermal coal project in Indonesia. The scoping study for development of an initial 3mtpa open pit operation in the Southern area is now underway. The Katingan Ria Project is an advanced thermal coal exploration project with the potential to progress to mining within 12 months. Realm Resources has an exclusive option to acquire a 75% interest in this project.

MIL Resources Limited (ASX:MGK) will commence a diamond drilling program of up to 4000 metres at its Golden Peak and Poi gold/copper projects in late August in Papua New Guinea. The Golden Peak drill targets will include the 20 metres at 7.21g/t Au trench identified during the geochemical sampling program earlier in 2011.

Asia Business News
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http://www.abnnewswire.net

Investorium.tv Completes Inaugural Showcase of Investment Opportunities in Sydney via Live Webcast

newsroom@abnnewswire.net — Sat, 9 July 2011 22:43:33 GMT

Investorium.tv completed the inaugural showcase of investment opportunities in Sydney via live webcast from the Basement in Circular Quay. Six companies (four with ASX listings) with a represented combined market capitalisation of AU$131 Million took to the floor and presented to a qualified group of brokers, analysts and institutional investors.

The four listed companies presenting were:
Queensland Mining Corporation - Howard Renshaw / Jon Gilligan (ASX:QMN)
Indochine Mining - Stephen Promnitz (ASX:IDC)
Zamia Metals - Graeme Deegan (ASX:ZGM)
Australian Bauxite Limited - Ian Levy / Jacob Rebek (ASX:ABZ)

Two additional companies presented, including Phoenix Green Capital Corporation, who are in the business of providing funding to companies by the provision of capital through Equity Funding Facilities and Direct Nickel, a potential billion dollar company in the process of listing on the Australian Securities Exchange, having a revolutionary process for extracting nickel from abundant nickel laterite sources.

The full video archive of these presentations can be viewed at:
http://www.investorium.tv

In addition to the live webcasting of all presentations with a live audience, participation was encouraged through the use of the IML Click audience response system that allows real time interactivity between the live audience and presenters.

The showcase was well received by both an on-line audience and live "studio" audience, as well as by the presenting companies.

Quotes regarding July 4 Investorium.tv:

- "It was a most enjoyable and, for me, productive format, and I hope that your initiative is encouraged by its success. Thanks for including DNi in the program."
Russell Debney - CEO Direct Nickel

- "Thanks for the chance to present last night. The whole evening was a great success."
Cliff Atkinson - CEO Phoenix Green Corporation

- "Presentations, venue & ambience were top notch!"
Carlos Crowley Vazquez - Origin Capital Group

- "I'm fairly certain that at no time in history was a new way of doing things not scoffed at by some - sometimes many. You pulled it off brilliantly!"
Brian Carlton - TripleM

- "We've had more than 10 meetings arising from the event..."
Ian Levy - CEO Australian Bauxite Limited

- "It's a brilliant venue, great food, very cute technology and I am really pleased to be one of the inaugural speakers."
Graeme Deegan - GM Zamia Metals

- "I watched the night on streaming video from Beijing with some Chinese investors. As a result they are looking at investing in Queensland Mines and a site visit."
Colin Archer - Chairman Phoenix Green Corporation

- "It is very pleasing to see that in Sydney we can host this kind of event"
Stephen Promnitz - CEO Indochine Mining Limited

- "This is also an opportunity for Asian parties to invest in stories they see here on Investorium.tv"
Julian Malnic - Executive Chairman Sydney Mining Club

Investorium.tv
TEL: +61-2-9247-4344

CONFERENCE VIDEO: Zamia Metals (ASX:ZGM) Presents to Brokers and Institutional Investors at Investorium.tv

newsroom@abnnewswire.net — Thu, 7 July 2011 11:33:14 GMT

CONFERENCE VIDEO: Zamia Metals (ASX:ZGM); Graeme Deegan presented to brokers and Institutional Investors at Investorium.tv on Monday July 4th at the Basement in Sydney.

Zamia is an Australian mineral exploration company, targeting the Clermont district of central Queensland, a known gold and emerging porphyry mineral province.

Zamia holds a large package of tenements (eight granted mineral titles) with a further four tenement applications now offered to the company. Over 15 targets for molybdenum, gold and copper have been identified by geochemical and geophysical surveys.

The Anthony deposit is Zamia's flagship project - a large porphyry-style molybdenum deposit, discovered by the company in 2008. Diamond and reverse circulation 'RC' drilling programmes are still in progress, with further resource upgrades released on 20 June 2011.

To View the Full WebCast, click here:
http://www.abnnewswire.net/multimedia/en/68276/Zamia-metals

Tel: +61-2-8223-3744
Fax: +61-2-8223-3799
Email: info@zamia.com.au