GoviEx Uranium announced today the completion of its previously announced transaction to acquire the uranium mineral interests of African Energy Resources in Zambia . See GoviEx's news release dated March 6. Govind Friedland, Executive Chairman of GoviEx, commented, "The combination of African Energy's Chirundu and Kiraba Valley tenements with GoviEx's Mutanga Project finally unites these neighbouring properties, and [...]
Asian Activities Report for Nov 10, 2011 includes: Kula Gold says today that drilling confirms further high grade gold mineralisation immediately east of the 685,000 ounce Kulumadau Resource at its Woodlark Island Gold Project in Papua New Guinea; Kidman Resources Limited (ASX:KDR) has received initial assay results from the first 6 holes of the recently completed 19 hole drilling program at the Blind Calf and Wilmatha [...]
African Energy Resources has intersected a thick, near surface coal seam in Block-B at the Sese coal project in northeast Botswana. The average seam thickness in Block-B to date is 15m with an average depth to the top of this seam of 38m. African Energy has discovered a large deposit of thermal coal at Sese, and recently announced an updated Exploration Target of 1.5 to 2.0 billion tonnes of 4,000kcal/kg to 5,000kcal/kg [...]
African Energy Resources has continued to intersect thick, near-surface coal seams over a large area at the Sese coal project. 43 reverse circulation percussion holes and 25 diamond drill core holes have been completed within an area of approximately 70km2. The average main seam thickness is 11m with an average depth to the top of this seam of 52m. Drilling will be completed by the end of the week. The Company expects to [...]
Lynas Corporation signed a new supply agreement with a major Japanese Rare Earths consumer for the supply of Mount Weld Rare Earths to be produced at the Lynas Advanced Materials Plant. The contract will be for product supplied from the 11,000 tonnes of Rare Earth Oxide per annum in Phase 1 production at the LAMP, which is on schedule for the third quarter of 2011. The contract price is the China FOB market price for the [...]
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