Australian Market Report of March 10, 2011: Cardia Bioplastics (ASX:CNN) Partner With Wesco China To Distribute Sustainable Resins In China

Cardia Bioplastics Limited (ASX:CNN) has appointed Wesco China, China's leading plastics distribution company as Cardia's exclusive distributor in China. Wesco China will offer the comprehensive range of Cardia's sustainable Biohybrid(TM) resins to the Chinese packaging and plastic products industries. The Biohybrid(TM) products will allow customers to reduce carbon footprint and dependence on fossil based resins.

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.


Related Companies

Noble Mineral Resources Ltd
            

Manas Resources Limited
            

Cardia Bioplastics Limited
            

Alara Resources Limited