Asian Activities Report for September 6, 2011: Australia Minerals and Mining Group (ASX:AKA) Successfully Produced Alumina from 150 Million Tonne Kaolin Resource
Sydney, Sep 6, 2011 AEST (ABN Newswire) - Australia Minerals and Mining Group Limited (ASX:AKA) has successfully produced alumina from a sample of the company's 150 million tonne kaolin resources at the Meckering project. A 20 kilogram crude kaolin sample from the project was supplied to a Chinese technology holder for processing, and produced 1.06 kilograms of 99% metallurgical grade alumina and 86 grams of 99.99% high purity alumina. The Company is currently carrying out a technical marketing study for a range of potential kaolin-based products, and looking for customers and joint venture partners in China, India, South-East Asia and the USA.
UXA Resources Limited (ASX:UXA) announced up to 690ppm eU3O8 strongly anomalous uranium values from the first phase drilling at the Nabarlek North Joint Venture project in the Northern Territory. Geochemical samples have been collected from all anomalous zones and submitted for multi-element assay to identify any other metal anomalism. A second phase 1,700m drill program is being planned to follow up phase one results.
Saracen Mineral Holdings Limited (ASX:SAR) has completed an update of its JORC-compliant Mineral Resources and Ore Reserves statements with total Resources (Measured, Indicated and Inferred) increasing 10% to 3.6Moz of gold. The resource base will support the Company's gold operation at Carosue Dam at current production rates for at least a decade. Next month Saracen will commence underground trial mining at its high-grade Red October project. The company is targeting an annual gold production rate of 250,000oz in the coming years.
Renaissance Uranium Limited (ASX:RNU) has identified multiple gold drill targets from the recently completed infill, multi-element soil sampling at its 100%-owned Cutana Project in South Australia. The sampling results have confirmed the project's gold potential, with five high priority targets selected for drilling scheduled to commence next quarter.
Tata Consultancy Services Limited (BOM:532540), a leading IT services and consulting company in India, is partnering with Westpac's insurance division in New Zealand to assist Westpac to upgrade and transform its Life Insurance Platform. The two parties will work together to introduce new insurance products in New Zealand and improve levels of services to Westpac's customers.