Australian Market Report of February 8, 2011: Robust Resources (ASX:ROL) Discover High Grade Gold, Silver And Sulphide Mineralisation in Indonesia
Sydney, Feb 8, 2011 AEST (ABN Newswire) - Robust Resources Limited (ASX:ROL) has intersected near-surface high grade gold, silver and sulphide mineralisation at its Flagship Lakuwahi Project on Romang Island, East Indonesia. Previously drilled mineralisation has been extended, returning best results including 43 m at 5.18 g/t Au and 76m at 1.47% Cu. The Company has strong cash position of over A$30 Million and will further advance exploration and move towards maiden resource estimation.
Pharmaxis Limited (ASX:PXS) said today that the Australian Therapeutic Goods Administration has approved the Company's Bronchitol for marketing in Australia for the treatment of cystic fibrosis in both adult and paediatric patients aged over six years. This is the first approval for Bronchitol anywhere in the world. The company will also fast track the application process for marketing Bronchitol in the US and Europe.
St George Mining Limited (ASX:SGQ) announced the results from infill sampling of the newly discovered Balmoral Prospect at its 100% owned East Laverton Property in Western Australia. Three prominent gold targets within the broader gold system have been confirmed. The Company will further test these new targets as priority targets for ongoing drilling programme.
Jatoil Limited (ASX:JAT) has confirmed its dual coal and biofuels energy growth strategy after signed a binding agreement to acquire four coal exploration permits and permit applications in the Galilee Basin in central Queensland. This is the second coal acquisition following its proposed acquisition of two coal assets in Indonesia last year. The Company also hit a production milestone of 200 tonnes of crude jatropha oil last week, all of which will be sold to commercial airlines for biojet aviation fuel.