Stonehenge Metals Limited (
ASX:SHE), an Australian-based company with a pipeline of uranium prospects in South Korea, has commenced a preliminary pit optimisation to help identify key areas for resource upgrade. The Company has also commenced a metallurgical test program, focusing on extracting the full potential value of the ores from the Daejon Project. Latest metallurgical test work has delivered 90% Uranium and 68% Vanadium extraction.
Robust Resources Limited (
ASX:ROL) has completed the acquisition of JAMM Investment Consolidations Pty Ltd, a company that holds a highly prospective portfolio of copper-gold exploration assets in the Philippines. The Board of Robust Resources has approved a A$2.67 million exploration budget to commence drilling at the Ganymede prospect during this quarter.
New Hope Corporation Limited (
ASX:NHC) says today that the Company has received a number of preliminary and incomplete takeover proposals from third parties and will commence a formal process to invite selected parties to submit proposals to the Board for its consideration. The process is expected to take several months and may or may not result in a proposal being made or recommended by the Board.
Avenue Resources Limited (
ASX:AVY) has entered into a conditional agreement to acquire 100% of the issued shares in Triumph Tin Mining Limited. Triumph has signed a binding Letter of Intent with Lara Exploration Ltd (
CVE:LRA) to explore and develop Lara's tin projects in northwest Brazil.
Plentex Limited (
ASX:PRM) has signed a conditional agreement for the acquisition of all the shares in Organic Fuels Algae Technologies LLC, a US-based leading algae technology company. The acquisition will provide Plentex with a critical competitive advantage as it pursues its objective of becoming a leading global producer of sustainable, algae-based raw materials for the renewable fuel and energy, livestock feed and nutraceutical industries.
Related CompaniesStonehenge Metals Limited
Robust Resources Limited
Plentex Limited
New Hope Corporation Limited
Lara Exploration Limited
Avenue Resources Limited