In this issue: the sector volatility has created a buying opportunity. Read this latest Dawes Points to better understand the global forces that drive resources sector investment.
Magnetite Mines Ltd
Our main focus is the Mawson Iron Project (MIP), a very large magnetite province located 240km NNE of Adelaide, South Australia - 100% owned and operated by Magnetite Mines Limited. The project has a JORC 2004 compliant resource of over 2.7 Billion tonnes (Indicated and Inferred) at the Razorback Ridge Deposit (Razorback) with an additional 1.2 Billion tonnes (Inferred) in the nearby Ironback Hill deposit. There remains up to a conservative 16 - 35 Billion tonnes as an exploration target at grades of 18 to 45% Fe. Razorback occurs in an infrastructure rich area that has access to nearby existing open user rail, port, power, gas, heavy engineering and dormitory towns. Presently a MOU between Magnetite Mines and Braemar Infrastructure exists for the implementation of an innovative slurry pipeline - infrastructure corridor to deliver iron ore concentrate from mine to ship in the Spencer Gulf.
In this issue: World steel output is showing strong growth again and equity markets break through resistance to reach new rally or all time highs. Non-OECD growth and robust US housing stats are good for the Resources Sector. Read this latest Dawes Points to better understand the global forces that drive resources sector investment.
Magnetite Mines Ltd (ASX:MGT) Letter of Intent with Ningbo Iron and Steel for Off-Take of 1 Million Tonnes per Year
Magnetite Mines Ltd (ASX:MGT) is very pleased to announce the signing of a Sale and Purchasing Letter of Intent between The South Australian Magnetite Consortium and Ningbo Iron & Steel Co Ltd for the purchase of 1 million tpy of iron ore concentrate.
Asian Activities Report for September 22, 2011: Royal Resources (ASX:ROY) Commenced Drilling on Potentially Massive Razorback Iron Project
Asian Activities Report for September 22, 2011 includes: Royal Resources Limited (ASX:ROY) has resumed drilling on the potentially massive Razorback Iron Project in South Australia; Antipa Minerals Limited (ASX:AZY) said today that 2011 drilling programme at the Citadel Project in Western Australia is likely to be reduced due to contractor issues, but will still be sufficient to meet the majority of the Company's 2011 objectives; FAR Limited (ASX:FAR) announced its merger with Flow Energy Limited by way of a conditional off-market takeover bid by FAR for all of the issued shares in Flow Energy; New Age Exploration Limited (ASX:NAE) announced the completion of a private placement of ordinary shares raising A$4 million; Prism Informatics (BOM:505530) has acquired 18% stake in Idhasoft Limited.
FINANCE VIDEO: Royal Resources (ASX:ROY) MD Marcus Flis Presents to the Capital Markets in Sydney at Investorium.tv
Royal Resources (ASX:ROY) MD Marcus Flis Presents to the Capital Markets in Sydney at Investorium.tv regarding the Magnetite project at Razorback. The Razorback Iron Ore Project is potentially a very large magnetite deposit that can use existing open-access rail and port infrastructure.
Three Australian based Iron Ore Projects will be showcased as a live webcast from the Basement in Sydney on Monday 5th September from 4:45PM AEST, as well as VP of Corporate Solutions for the NASDAQ OMX. Over a hundred representatives of Sydney's top investment houses will be gathered to watch Live from Sydney's classic entertainment venue, the Basement in Circular Quay.
Hemisphere Resources (ASX:HEM) Turning Rocks Into Dollars, Moly Mines Ltd (ASX:MOL) The World's Next Primary Molybdenum Mine, NASDAQ OMX (NASDAQ:NDAQ) Corporate Solutions - Daniel Wadsworth, Proto Resources (ASX:PRW) Nickel Cobalt and Iron Flagship Project, Royal Resources (ASX:ROY) Magnetite at Razorback
Asian Activities Report for July 11, 2011: Royal Resources (ASX:ROY) Doubles Magnetite Resource to 537 Million Tonnes at Razorback Iron Ore Project
Asian Activities Report for July 11, 2011 includes: 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; 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; 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; MIL Resources Limited (ASX:MGK) will commence a diamond drilling program of up to 4000m at its Golden Peak and Poi gold/copper projects in late August in Papua New Guinea.
2009 will be an interesting year for Uranium in Western Australia. The change of Government has led to uranium exploration and mining being back in favour but the financial crisis has led to a lack of funds being available for exploration. However the outlook is positive. Uranium usage is tipped to increase with China and India leading the way and Japan also active in the sector.