Avalon Minerals Ltd (ASX:AVI) listed in March 2007 with the aim of building a diversified resource mining group based on cash flows from producing operations. The primary strategy to achieve this goal is the acquisition of advanced resource projects with the potential for early cash flow. In March 2008, this strategy was set in motion when Avalon acquired two advanced Copper Projects in Northern Sweden - the Viscaria and Adak Projects. Avalon aims to become a copper producer within the next two years and has committed to a program of work designed to establish a low capital cost, early cashflow start-up project at Viscaria.
Asian Activities Report for May 9, 2011: Intrepid Mines (ASX:IAU) Increase Porphyry Copper-Gold Resource Estimate At Tujuh Bukit Project To 990Mt
Asian Activities Report for May 9, 2011 includes: Intrepid Mines Limited (ASX:IAU) (TSE:IAU) has increased the Inferred Resource estimate of the porphyry copper-gold zone at the Tujuh Bukit Project in Indonesia; Altura Mining Limited (ASX:AJM) has expanded the initial exploration targets at Pilgangoora Lithium Project; Minotaur Exploration Limited (ASX:MEP) has commenced drilling at the NS13West iron oxide copper-gold target in Canada; Avalon Minerals Limited (ASX:AVI) has completed Phase 1 drilling program at its 100%-owned Viscaria Copper-Iron Project in Northern Sweden.
