Asian Activities Report for August 4, 2011: Legacy Iron Ore Limited (ASX:LCY) Report Potential Magnetite Resource Increase at Mt Bevan Iron Ore Project
Iron Ore Holdings Limited (ASX:IOH) announced results of Phase 1 Pre-Feasibility Study for the Iron Valley Project in Western Australia. Mine study confirmed technical viability of a staged development with a production rate of up to 15Mtpa for 12 years. Phase 2 PFS studies are expected to confirm the mine development potential, and due for completion by June 2012. Commercial discussions with potential project partners are underway.
Diatreme Resources Limited (ASX:DRX) has lodged a mining application for a 1,560 hectare area over the Cyclone heavy mineral project. The Cyclone resource currently stands at 132.1 million tonnes grading 2.33% heavy minerals. The project is expected to commence mining in 2015. With steady growth in the heavy mineral prices, the project's viability continues to strengthen.
Marmota Energy Limited (ASX:MEU) has identified multiple large-scale drill ready targets on its 100%-owned West Melton Copper Gold Project in South Australia. The potential strike length of the most significant anomaly is approximately 10 kilometres. Marmota plans to commence follow-up work over selected target areas.
Lanco Infratech Limited (BOM:532778), one of the fastest growing integrated infrastructure enterprises in India, has been selected as a bidder for the development of the Gare Pelma Sector II coal mine in central India. The bid envisages Lanco Infratech to develop and operate the coal mine and set up a power plant with 2000 MW capacity. The mine currently has a Geological Reserves of approximately 800 million tons.
Investorium.tv is hosting a live webcast for emerging energy companies on Monday 8th August in Sydney. The event will be webcast through the Investorium.tv platform from 4:45PM Sydney Time. Registration to attend the event in Sydney or watch the webcast can be made by visiting the Investorium.tv website, http://www.investorium.tv
Marmota Energy Limited
Legacy Iron Ore Limited
Lanco Infratech Limited
Iron Ore Holdings Limited
Diatreme Resources Limited