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Riversdale Mining’s Environmental Impact Study approved for the Benga Power Plant January 18, 2010

Posted by Fortbridge in Energy, Mining.
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Following completion of an Environmental Impact Study (EIS), the Ministério para a Coordenação da Acção Ambiental (MICOA) has now approved Riversdale Mining’s (ASX: RIV) Benga Power Plant (BPP) EIS. MICOA is the regulatory authority for environment within the Government of Mozambique.

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Resource definition drilling programme confirms lithium potential at Reed’s Mt Marion January 18, 2010

Posted by Fortbridge in Mining.
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Reed Resources (ASX: RDR) announces that the chances of supplying lithium from the Mt Marion deposit in Western Australia continue to improve after results from the first phase of resource definition drilling have confirmed multiple, stacked, high-grade pegmatites.

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Norwest Energy confirms prime targets for 2010 drilling campaign at Perth Basin January 18, 2010

Posted by Fortbridge in Energy.
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Detailed interpretation by Norwest Energy (ASX: NWE) of the airborne FTG (full tensor gradiometry) survey results has confirmed the structural integrity of the Xanadu and Redhill South prospects, supporting the company’s preliminary view of October 2009 that these are the prime targets for the 2010 drilling season. The two targets – Xanadu and Redhill South – are in an underexplored northern Perth Basin permit, TP/15 (Norwest 100%).

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Signature commences environmental studies in Ghana January 18, 2010

Posted by Fortbridge in Mining.
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Signature Metals (ASX: SBL) has engaged Tagit Consulting to carry out the environmental studies required for the recommencement of mining and processing at the Konongo Gold Project in the world class Ashanti Gold Belt of Ghana. Completion of these studies will represent a major step towards the Company moving into production.

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Avanco Resources identifies high priority drill targets at the Touro Nickel Project, Brazil January 18, 2010

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Avanco Resources (ASX: AVB) has completed geophysical and geochemical exploration programmes at the Touro Nickel Project in Brazil. The results have outlined strong and coincident nickel, platinum and Induced Polarisation (IP) anomalous trends across the Touro Sill. The Company anticipates drill testing these priority targets over coming months.

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Hillgrove Resources completes $25M share placement, launches Share Purchase Plan January 18, 2010

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Hillgrove Resources Limited (ASX: HGO) has placed a total of approximately 62.3 million ordinary shares at 40 cents per share to raise $24.9 million (Placement). In parallel with this, the Company will be launching a Share Purchase Plan (SPP) to raise a maximum of $10 million at an offer price equivalent to the placement price. The funds raised will be used principally to help finance the development of the Kanmantoo Copper/Gold Project and for general working capital.

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