Asian Activities Report for November 14, 2011: Centaurus Metals (ASX:CTM) Announces Robust Pre-Feasibility Study Results from Jambreiro Iron Ore Project
Sydney, Nov 14, 2011 AEST (ABN Newswire) - Centaurus Metals (ASX:CTM) announces robust results from the Pre-Feasibility Study on its flagship Jambreiro Iron Ore Project in southeast Brazil, outlining a proposed 2 million tonne per annum project capable of generating revenues of A$1.25 billion and EBITDA of A$858 million over its initial 8.5 year life. The Company plans to commission the project in the fourth quarter of 2013 to produce 66% Fe final product for the domestic steel industry in southeast Brazil.
Robust Resources Limited (ASX:ROL) reports 206.7 metres of precious and base metal-rich mineralisation within the Lakuwahi Project in Indonesia. This is the thickest continuous zone of mineralisation encountered so far in the project, confirming that the Batu Mas mineralisation is open to the east and at depth. A maiden resource estimate is expected in the coming weeks.
Globe Metals & Mining (ASX:GBE) says today that high grade titanium of up to 49.16% TiO2 has been returned from rock-chip assays from recently acquired titanium-vanadium-iron project at Memba, Mozambique. The Company last week entered into a new joint venture in this high-grade project, and can earn up to 80% interest over five years through staged expenditure on exploration programs, with an option to purchase an additional 10% after five years.
Manas Resources Limited (ASX:MSR) announces the updated results of the mining evaluation and pit optimisation review on its recently upgraded 100%-owned Shambesai Gold Project in the Kyrgyz Republic. The results demonstrate the project potential for generating net cash flows of up to US$190 million over initial five years by producing more than 200,000 ounces of gold.
Asia Business News
Robust Resources Limited
Manas Resources Limited
Globe Metals & Mining Limited
Centaurus Metals Limited