Australian resources company, Artemis Resources Limited (ASX:ARV) announce the commencement of drilling at the 100% owned Yandal Gold Project in Western Australia.
Indochine Mining Limited (ASX:IDC) has progressed plans to acquire the potentially world-class Mt Kare Gold Project in Papua New Guinea following ministerial approval for the transfer and extension of the project's exploration license EL1093.
Anglo Australian Resources NL (ASX:AAR) (PINK:AAURF) is pleased to report The Scoping Study of the Sandiego Copper Zinc Deposit at the Koongie Project in the Kimberley of Western Australia by Nigel Spicer of Minesure is now complete with positive results.
Venus Metals Corporation Limited (ASX:VMC) ("Venus") report the results of the Scoping Study on the Yalgoo Iron Ore Project (as completed by Mineral Engineering Technical Services Pty Ltd. Their financial model indicates a potential net present value of A$1.14billion with internal rate of return of 24.4% based on a 30 Mtpa mine.
Australian Market Report of February 16, 2011 includes: China Magnesium Corporation Limited (ASX:CMC) was formally granted land rights in China for first phase expansion to 20,000 tonnes per annum; Peninsula Energy Limited (ASX:PEN) signed a long term sale agreement for U3O8 produced from Lance Projects; Tanami Gold NL (ASX:TAM) reported that its gold resources had increased to 2.03 million ounces; EnviroGold (ASX:EVG) applied for additional copper/gold licence in Dominican Republic.
Sihayo Gold Limited (ASX:SIH) announce that diamond drilling has recommenced at the Tambang Tinggi gold/copper prospect located in the southern area of the Company's Contract of Work in North Sumatra, Indonesia.
Tectonic Resources NL (ASX:TTR) announce that an Option Agreement has been signed with Traka Resources Ltd (ASX:TKL) on a second portion of Traka's large Ravensthorpe Project.
