Asian Activities Report for September 19, 2011: Alkane Resources (ASX:ALK) Announce Robust Definitive Feasibility Study Results for Dubbo Zirconia Project
New Guinea Energy Limited (ASX:NGE) reported today that the Siphon-1 wet gas well in Papua New Guinea had reached a depth of 3863.7 metres, indicating the presence of hydrocarbons over an approximate 11 metre drilled interval. Detailed wireline logging will be conducted to interpret the significance of these hydrocarbon indications.
Lemur Resources Limited (ASX:LMR) has signed a Memorandum of Understanding with Jiro sy Rano Malagasy, the Madagascan Government's state owned electricity company responsible for the production, transport and distribution of electricity in Madagascar. Lemur Resources proposes to build and operate a coal fired power station in South West Madagascar, close to its Imaloto Coal Project, and to provide surplus electricity generated from the power station.
ActivEX Limited (ASX:AIV) announced further significant gold/silver intersections at the Barambah project. This project is a joint venture between ActivEX and Norton Gold Fields Limited (ASX:NGF). On completion of the current drilling and assaying program, ActivEX has exceeded expenditure of A$600,000 and therefore has achieved a 75% interest in the project.
Time Technoplast Limited (BOM:532856) will commence its industrial packing project in Malaysia at the end of Q1, 2012. After successfully starting its operations in China, Indonesia and Taiwan, the Company is now planning to set up packaging unit in Malaysia to produce plastic packaging products for customers in Malaysia and Singapore.
Time Technoplast Limited
Norton Gold Fields Limited
New Guinea Energy Ltd
Lemur Resources Limited
Alkane Resources Limited