IGO Ltd

ABM Resources NL (ASX:ABU) is pleased to provide an update on surface geochemical sampling and geological research from the Warumpi margin project, which is part of the Lake Mackay Regional Project alliance with Independence Group NL.

ABM Resources NL (ASX:ABU) is pleased to announce that it has compiled and assessed the first round of geochemical soil sampling results provided by Independence Group NL (ASX:IGO) (“IGO” or “Independence”) from the Lake Mackay regional project alliance.

ABM Resources NL (ASX:ABU) ("ABM" or "The Company") is pleased to announce that it has entered into a multiphase exploration agreement ("the Agreement") with Independence Group NL (ASX:IGO) ("IGO") for the Lake Mackay Regional Project in the Northern Territory.

South Boulder Mines Ltd (ASX:STB) is pleased to announce that Diamond and RC resource definition and extension drilling has recommenced at the Duketon Nickel Joint Venture (DNJV) located ~120km NNW of Laverton in Western Australia. Independence Group NL (ASX:IGO) is earning 70% of the nickel rights by sole funding exploration and development through to the completion of a Bankable Feasibility Study (BFS) within 5 years of the grant of the relevant tenement.

South Boulder Mines Limited (ASX:STB) is very pleased to report that together with JV partner Independence Group NL (ASX:IGO) further highly significant Ni-Cu-PGE assays have been returned from the Rosie Prospect including a very high grade Palladium interval.

Australian Market Report of December 6, 2010 includes: South Boulder Mines Limited (ASX:STB) reports further assay results at the Rosie Ni-Cu-PGE Prospect in Western Australia; Berkeley Resources Limited (ASX:BKY) announced final results from the reverse circulation drilling program at Salamanca Uranium Project in Spain; Raisama Limited (ASX:RAI) announces high grade uranium intersections in the Kyrgyz Republic; Bassari Resources Limited (ASX:BSR) announces further diamond drilling results from West Africa.

US stocks closed slightly higher on a strong sign of recovery in US housing sector. The Commerce Department said on Monday that sales of new homes rose by 11% in June. Earning news dominated the market in recent trading sessions with most of the reports beating the expectation.

Legend Mining Limited (ASX:LEG)(PINK:LGDMF) is pleased to announce that that its cash and receivables balance has grown to over $8 million, thus fully funding all of its exploration and treasury activity, including its underwriting obligations for the upcoming Apex Minerals NL (ASX:AXM) rights issue. The additional funds have come from a special overnight sale of 1 million of its Independence Group NL (ASX: IGO) shares to a major European Fund.

Legend Mining Limited (ASX:LEG)(PINK:LGDMF) In keeping with our previous announcements, exploration activity has been scaled back to suit market conditions.

Legend Mining Limited ("Legend") (ASX:LEG) today announced that it has acquired 3.4 million shares in Independence Group Limited (ASX: IGO) at an average cost of A$1.44 per share. The shares were purchased on-market over the past six weeks.