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ABN Newswire Stocks to Watch: February 19, 2010
ABN Newswire Stocks to Watch: February 19, 2010
Sydney, Feb 19, 2010 AEST (ABN Newswire) - Perth-based exploration company Emergent Resources Limited (ASX: EMG) said it has commence the next phase of drilling at the company's flagship Beyondie Iron Project in the mid-west region of Western Australia. The drill program is designed to reinforce the Company's geological confidence and understanding of the project area outside the existing 561Mt JORC Resource area (in E52/1806) and deliver a JORC Resource upgrade.

NewSat Limited (ASX:NWT) (OTC:NWTLY), Australia's largest independent satellite communications company, recorded its maiden positive EBITDA for the first half of the 2010 financial year. The company also announced the appointment of 2 new directors, ratified by the Board of Directors and effective on Thursday, further progressing the companies development and growth.

Iron Road Limited (ASX:IRD) said significant progress has been made at the Gawler Iron Project in South Australia. The company said RC and diamond drilling programme planning in progress. Commencement of its maiden drilling programme at Gawler is expected within Q1 2010.


Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344

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