Copper and Graphite ASX:TLG ASX:CDU ASX:AOH
Sydney, June 26, 2015 AEST (ABN Newswire) - Talga Resources Ltd (ASX:TLG), is pleased to announce commencement of site works in relation to its trial mining program at the Vittangi graphite project in northern Sweden. The ore zone is visibly continuous from the historically mined pit area and the underlying drilled mineralisation that is part of the Nunasvaara mineral resource of 7.6Mt at 24.4% graphite.
CuDeco Ltd (ASX:CDU) has entered into a supply agreement with the Shijiao, Qing Yuan based Group for up to 40,000 tonnes per year of high grade native copper, to be supplied in a concentrate grade of not less than 90% Cu. CuDeco's 100% owned Rocklands Group Copper Project near Cloncurry Queensland, Australia, produces the world's highest grade copper concentrate product at a grade of ~95% Cu.
Altona Mining Limited (ASX:AOH) is pleased to announce it has concluded a binding Framework Agreement with Sichuan Railway Investment Group ("SRIG"). The parties have agreed to establish an incorporated joint venture holding Altona's Cloncurry Project located in north-west Queensland, with SRIG to contribute cash of US$214.46 million and have a 60% interest in the joint venture. The transaction values the Cloncurry Project on a pre- cash contribution basis at US$105 million.
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