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We thank the ASX for providing the online announcement service
FOURTH QUARTER ACTIVITIES AND CASHFLOW REPORT
CORPORATE... Over the past twelve months the company has progressively increased its exposure to the business of its technology subsidiary, Oztrak Group Pty Ltd. The need for a change of name to reflect this transition has been evident for some time and is now considered imperative. Directors expect to convene a shareholder meeting for mid October to consider appropriate recommendations, including, if possible, a proposal to sell the BGF group's gold assets.
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * Drilling results of up to 10m at 5 g/t gold and 1m at 35.1 g/t gold from the Challenger Extended Zone at Adelong. Scoping study results show net cash returns in excess of $2M, with 2 month capex payback, for a small-scale open-pit mining operation at the Challenger and Challenger Extended zones. A feasibility study is in progress. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
TARCOOLA REGION, SOUTH AUSTRALIA... The discovery at the Soyuz prospect of substantial shallow gold mineralisation and associated copper and silver anomalism represents a significant breakthrough in regional scale exploration around Tarcoola. ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Grenfell Resources Limited ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
SUMMARY... * Three successful exploration wells were drilled, tested and completed as potential Coal Bed Methane ("CBM") producers. This brings to 13 the number of successful exploration wells completed by QGC since it floated in August 2000, thus confirming the excellent potential of the Walloon Coal Measures as a source of economic CBM. ASX Announcement
FOURTH QUARTER ACTIVITIES AND CASHFLOW REPORT
The Directors of Anglo Australian Resources NL, have pleasure in submitting the Quarterly Report for the period ended 30 June 2001.... ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
Bulk sampling programme commences in the exciting Ellendale Diamond field... ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
... During the period April to June 2001, Admiralty Resources NL concluded its purchase of the Rincon Salar in Salta Province, Argentina, by issuing 24,210,532 shares. The purchase and issue of shares was ratified at an Extraordinary General Meeting of shareholders held on 31 May 2001. All leases on the Rincon Salar are now 100% held by Argentina Diamonds Limited, the fully owned subsidiary of Admiralty Resources NL. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * Anthropological site clearances have been completed over the Bollinger Project giving the company full access to all key anomalies throughout the tenement. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
MILLROSE... An aircore drilling programme took place during June. This programme was designed to test structurally favourable sites defined by interpretation of geophysical data in the south of the project area. Two traverses tested an area of structural complexity (one associated with a low order soil anomaly). Additional short traverses were drilled 100m to the north and south of MSAC342, which returned highly anomalous results from the 1998 drilling programme. ASX Announcement
FOURTH QUARTER ACTIVITIES AND CASHFLOW REPORT
... Name of entity Acclaim Exploration NL ASX Announcement
SECOND QTR ACTIVITIES REPORT/CHANGES TO BOARD OF DIRECTORS
Attached is the company's report to shareholders for the quarter and half year ended 30/06/2001 released through SENS at 08:00 South African time today (16:00 Sydney time). A detailed report may be accessed on the company's website at http//www.anglogold.com. ASX Announcement
FOURTH QUARTER ACTIVITIES AND CASHFLOW REPORT
HIGHLIGHTS:... * Latest drilling identified additional shallow high-grade mineralisation 700m west and 2km south of current resource and demonstrated continuity of mineralisation ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
The ramp-up of the Murrin Murrin plant finished the year strongly, recording production of 6,154t of nickel and 390t of cobalt for the Quarter. Production for the financial year was 86% nickel and 90% cobalt of the budget respectively, a very credible result considering the issues overcome. July has built on this performance. The charts below demonstrate a strong and predictable environment of falling costs in line with rising production. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * As a result of a major restructuring of the Hunter Specialty Steels Project the Company announced during the period: ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... The engineering and costing study for the AusRutile project has reached 95% completion and will be finalised during the third quarter. Provided all Government approvals are in place project development will commence in the fourth quarter of 2001. ASX Announcement
SALE OF QLD/NZ EXPLN.BUSINESS&INT.IN W.AFRICANDRILLING SERV.
Ausdrill advises that, subject to shareholder approvals, it has reached agreements for the sale of its Queensland and New Zealand assets to Major Drilling International Inc and its investment in West African Drilling Services to Layne Christensen Company. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
CORPORATE... In addition, KEMET Tantalum Pty Ltd entered into a joint venture with the Company and together established a jointly owned company, Tantalum Australia Pty Ltd. KEMET Tantalum Pty Ltd subscribed $10,000,000 to equity in the joint venture to finance working capital requirements. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
EXPLORATION:... R J Collins DIRECTOR ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * Gocerler gas pipeline construction nearing completion; ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
SUMMARY... Hanoi Basin interest sold to Maurel & Prom. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * Construction of a new workshop administration building in Bitburg is well advanced and expected to be completed in September 2001. The new workshop will become fully operational before the end of the year. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
TECHNOLOGY INVESTMENT... - Alliance with Pineapplehead. - Interactive Games Distribution for Digital Creations. - Management Restructure. ASX Announcement
CHANGE IN SUBSTANTIAL HOLDING FROM PPT
Perpetual Trustees Australia Limited increased its relevant interest in Beach Petroleum NL on 30/07/2001, from 59,604,123 ordinary shares (7.17%) to 70,860,122 ordinary shares (8.53%).... ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
REPORT ON ACTIVITIES FOR THE QUARTER ENDED 30 JUNE 2001... Bolnisi Gold NL ("the Company") has been active in the Bolnisi Region of Georgia since 1993 through its subsidiaries Quartzite Ltd ("Quartzite") which has been producing gold since April 1997, and Trans Georgian Resources Ltd ("TGR") which holds an exploration licence over 1,000 sqkm in southern Georgia containing numerous occurrences of volcanically hosted gold and massive sulphide mineralisation. ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * $253,000 of jewellery and gemstone sales ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
OPERATIONS... Key production and sales figures for the current quarter ended 30 June 2001 and year to date are: ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
QUARTERLY REPORT FOR 30 JUNE 2001... * Acquisition of Interest in Redmond Drilling ASX Announcement
SECOND QUARTER CASHFLOW REPORT
... Name of entity Compass Resources NL ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * A number of key world class executive and non-executive management additions with proven project delivery track records secured including a new Chief Executive, George Macdonald, as the Brown's Project moves into delivery phase. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
The Company holds a strategic investment in Consolidated African Mines Ltd ("CAM"). The investment of 70 million shares, which it acquired in 1999, represents 11% of the issued capital in CAM.... CAM is the controlling shareholder of JCI Gold Ltd ("JCI"), which in turn is the controlling shareholder of Western Areas Limited ("Western Areas"). CAM also holds substantial shareholdings in Randgold & Exploration Ltd ("Randgold"). Randgold for its part, is the majority shareholder in Randgold Resources Plc ("RRPLC"). ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
This Quarterly Report summarises the activities of Southern Pacific Petroleum NL and Central Pacific Minerals NL (SPP/CPM - "the Companies") for the quarter ended 30 June 2001. This report also contains information on a number of key events that occurred subsequent to 30 June 2001. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
... Name of entity Conquest Mining Limited ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... The major highlight during the quarter was the release of the Prospectus for the Brilliant Gold Reef Project. This will raise $25 million for a joint venture to fund exploration, and move to gold production at Charters Towers. CTGM shareholders will hold a 60 per cent interest in the joint venture and subsequent gold production over the anticipated 10 year productive life of the Project. The Prospectus was issued by ARG Management Limited (ARG). ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Charters Towers Gold Mines Limited ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
DISCLAIMER... The Cashflow Statements in Appendix 5B are based in part on the information provided by the Joint Deed Administrators. The Directors believe the information to be accurate and have not been made aware of any other information that may cause these statements to be misleading. ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * Diamond exploration field programme commences at Ellendale to evaluate selected alluvials and large lamproite pipe Ellendale 22 and vicinity. ASX Announcement
APPENDIX 3B - EMPLOYEE SHARE SCHEME
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
(Exchange Rate - A1.00 = CAD $0.77)... Total group net revenue received/accrued during the 3 months ended 30th June, 2001, from petroleum sales and processing revenue was as follows: ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
DEVELOPMENT ACTIVITIES... Danae holds a 51% interest in the Sappes Project through, wholly owned subsidiary, Kyprou Gold Limited (UK). The remaining 49% is held by Greenwich Resources plc of the UK. The project comprises a Mining Lease (E5) of approximately 20 sq km and three adjacent exploration tenements covering approximately 30 sq km. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
... Name of entity Dominion Mining Limited ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Dalrymple Resources NL ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * The Study recommends a mine plan to initially extract by open pit mining more than 800,000 ounces of gold, with an on-site treatment facility capable of treating two million tonnes of primary ore per annum. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
The following summarises the exploration and corporate activities of Diamond Rose NL for the quarter ended 30 June 2001.... ASX Announcement
DIRECTOR RESIGNATION
The Board of Directors of EnviroStar Energy Limited (EEL) wishes to announce that Mr Duncan Matheson has resigned as a Director of EnviroStar Energy Limited to pursue full-time private business interests. ASX Announcement
FOURTH QUARTER ACTIVITIES AND CASHFLOW REPORT
OPERATIONS REVIEW... The Company is concentrating its exploration efforts in the 2001 Year in drilling wells in the Exmouth Sub Basin and will focus on drilling the Eclipse Prospect in the EP 389 permit and the Leschenault Prospect in the EP 416 permit both located in the Perth Basin, early in 2002. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
... At the EGM of Shareholders held on the 26th July 2001, shareholders approved: ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * Golden State has discovered a new zone of shallow high grade lateritic nickel mineralisation to the west of the current Highway Nickel Deposit with intersections of up to 5 metres of 3.2% nickel. The new zone will form the core of a new high grade resource using a higher grade out-off. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
TWIN HILLS - MENZIES (GOLDEN DEEPS 100%)... The Twin Hills Project comprises six Mining Leases covering a total area of 675 ha. The project is located approximately 39 km north of the town of Menzies and 135 km north of Kalgoorlie in the North Coolgardie Goldfield in Western Australia. ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Gallery Gold Limited ASX Announcement
FOURTH QUARTER ACTIVITIES AND CASHFLOW REPORT
HIGHLIGHTS... * Shallow drilling at the Greenvale/Big Mag prospect in Queensland has returned encouraging Cu intersections ie up to 20m @ 0.21% Cu and 10m @ 0.29% Cu. Geological modelling of data from both past and present exploration has indicated the possible presence of a volcanogenic massive sulphide (VMS) system, under shallow cover, that extends for over 7 km strike length and has only been partially drill tested to date. A ground electromagnetic program is planned for the next quarter, to outline any conductors at depth that may reflect VMS mineralisation. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
1. INVESTMENT IN SPACELIFT AUSTRALIA LTD (Geographe Interest 17.86%)... On 1 March 2001, Geographe Resources Ltd advised settlement of Stage 1 of its agreement to acquire Spacelift Australia Limited (described in detail in Geographe's announcement of 19 February 2001) as a result of which Geographe acquired a 17.86% interest in Spacelift. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
QUARTERLY REPORT FOR THE THREE MONTHS ENDING 30/06/2001... The level of exploration activity funded by Giralia's joint venture partners began to increase in the June quarter, with drilling completed at Anthiby Well in the Ashburton, and planned at Munro Bore in the Murchison of Western Australia. Commencement of exploration on the Lake Frome joint venture tenements in South Australia is imminent. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
In its alliance with CSA Australia Pty Ltd (CSA), the company is actively seeking to acquire new resource opportunities with an emphasis on quality nickel sulphide and/or gold projects. The company intends to enhance its existing project portfolio and is currently reviewing a number of projects for their suitability in this regard. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * The first drilling program at Cowra (EL5514) has intersected high-grade gold mineralisation at Nasdaq, one of several targets within the companys' Cowra project in the prospective New South Wales Lachlan Fold Belt. Hole CWC002 intersected 4 metres @ 4.90 g/t gold and 0.17% copper which included 1 metre @ 8.31 g/t and 1 metre @ 9.69 g/t gold. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
PRESS RELEASE... Visible gold is being found in rock chip samples taken from the new high-grade Monte Ollasteddu deposit in eastern Sardinia, the Australian and London-listed Gold Mines of Sardinia says in its June quarter report today. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
GENERAL... Our current strategy is to investigate IT and resource opportunities, whilst maintaining prudent awareness of the prevailing market sentiments. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
Please find attached the Quarterly report and Appendix 5B from the Directors of Haddington International Resources Limited in respect of the two month period ended 30 June 2001. The Directors are reporting on this shortened period as a result of the change in the company's year end to 30 June 2001, as previously announced. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
This report summarises the activities of Hardman Resources NL and its controlled entities ("Hardman" or "the Company") during the quarter ended 30 June 2001.... * Mauritania (Woodside Joint Venture): The first well to be drilled by Woodside in the deep water basin, Chinguetti-1, has resulted in a new oil field discovery. Wireline logs and pressure data confirmed that a 90 metre gross oil column with no oil/water contact was intersected in the well. ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Hampton Hill Mining NL ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
CAWSE EXTENDED PROJECT... The Cawse Extended project consists of tenements totalling 39sqkm, located north west of Kalgoorlie. A mining and processing operation currently operates at the Cawse Nickel-Cobalt Operation (owned by Centaur Mining and Exploration Ltd, Receiver and Manager appointed, Administrator appointed). The Cawse Extended Project (80% Centaur, 20% Hallmark) is situated to the north west of the Cawse Operation. ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Hamill Resources Limited ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
MINING EXPLORATION - ATTAPULGITE... During the Quarter under review, 9,293 tonnes of attapulgite ore were transported to the processing plant in Geraldton, Western Australia. Production of saleable ore under contractual arrangements with Industrial Minerals Marketing Pty Limited for the Quarter under review totalled 3,785 tonnes. ASX Announcement
QUARTERLY REPORT TO 30/6/01
... Heritage has 33% equity in Broken Hill Cobalt Limited ("BHC"), which owns the Thackaringa Cobalt Project. BHC holds 2 mining leases and has an option to purchase a surrounding exploration licence for AU$100,000 which was extended to 31 May 2002 by Western Metals Copper Limited, during the quarter. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... 2 for 7 Non Renounceable Rights Issue completed, resulting in the issue of 82,877,693 ordinary shares at 3 cents raising $2,486,331 before cost. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
SUMMARY... Sale of part of an investment in Echo Technologies Ltd (800,000 shares from 1.5 million held) resulted in an increase in cash in Intermin of $400,000 (of which $320,000 is profit). Cash at the end of the quarter was $1.824 million. ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Jervois Mining NL ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
ARTHUR RIVER/BERYL HILL PROSPECT... Sampling in the March Quarter resulted in the delineation of a resource containing 25,000 pounds of contained Ta(2)O(5). Procurement and construction of a conventional wet gravity alluvial plant, 10 man camp and associated infrastructure, at a cost of approximately $250,000, has commenced and will be in place and expected to be producing in the current quarter. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
CORPORATE... * The main focus of the company has been on continuing discussions with potential strategic partners and financiers to provide the necessary support to progress the Mid West Iron & Steel Project. Significant progress was made during the quarter in this regard including discussion on off-take arrangements. These discussions are ongoing and the company will keep the market informed. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
EXPLORATION... Negotiations to obtain an increased interest have continued. Longreach has a 15% interest in this project. ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Longreach Gold Oil Limited ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
This report is submitted by Magellan Petroleum Australia Limited in compliance with ASX Listing Rule 5.2 and covers the quarter 1 April 2000 to 30 June 2001.... This report is based upon, and accurately reflects, information compiled by a person who is a practising geologist, who holds a Bachelor of Science Degree in Geology, who has had a minimum of five years experience in the practice of geology and who is a full time employee of the Company. ASX Announcement
FEASIBILITY STUDY CONFIRMS MAGNESIUM PROJECT ON TARGET
Mt Grace Resources NL today announced it remained on target to become Australia's first magnesium producer with the first stage of a Feasibility Study revealing estimates of capital and operating costs for the start-up of its Batchelor project in the Northern Territory. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * The first stage of the Company's Feasibility Study on the Batchelor Magnesium Project has given capital and operating cost estimates in line with expectations and financial modelling indicates an economically robust project. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * A total of 1,168 carats were extracted during the quarter from the Riet River Mine, Pniel Estate and from bulk sampling at Orange River from the screening of 225,282 tonnes of gravel. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
The Directors of Molopo Australia NL are pleased to present this Report of the activities of the Company and its subsidiaries for the quarter ended 30th June 2001.... On 4 April 2001, Molopo announced a non-renounceable pro-rata Rights Issue of one new fully paid ordinary share for every six fully paid ordinary shares, with one free attaching Option for every new fully paid ordinary share subscribed for, to be issued at $0.05 per Share payable in full upon application to raise up to A$1,771,628 (before costs). The offer was partly underwritten to $400,000. The purpose of the fundraising was to provide working capital for the ongoing funding of the Company's resource projects and administrative costs, including the farm-in to Authority to Prospect 564P, from Oil Company of Australia Limited. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
JUNE 2001 QUARTER SUMMARY... The Company's maiden exploration program at the Mt Watson prospect was highly successful with discovery of a significant zone of oxide copper mineralisation from which an initial inferred resource of 837,000 tonnes @ 1.3% Cu was estimated, using a 0.5% Cu cut-off. The Mt Watson deposit is located 25 km from the Mt Cuthbert Operation. Significant intercepts reported: ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
... * Significant drilling was undertaken at the West Coast Diamond Project with better than expected results. At this early stage the Company is confident of achieving a gravel inventory of between 5-10 million tonnes. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
WEST VICTORIA PROJECT... The Wartook application area of 142 square kilometres abuts the northern edge of the Grampians National Park, south of Horsham and west of Stawell. Tertiary latentic duricrust, Quaternary outwash fans, and aeolian sand deposits cover much of the area, however units of the Mount Staveley Volcanic Complex (MSVC) are exposed as outcrops of limited extent in the south west of the application area, which are overlain further to the south by sandstones of the Silurian age Grampians Group. ASX Announcement
APPENDIX 3B X2- DRP/EMPLOYEE SHARE PLAN
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
REPORT FOR THE QUARTER ENDED 30/06/01
Origin Energy Limited hereby submits this quarterly report to the Australian Stock Exchange which covers the activities of wholly owned subsidiary Origin Energy Resources Limited and partly owned subsidiary Oil Company of Australia Limited. ASX Announcement
SECOND QUARTER CASHFLOW REPORT
... Name of entity Oxiana Resources NL ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... - Acquisition of Dolomatrix International Ltd and consequential change in direction - $3m capital raising - Appointment of 4 new directors - Change of name to Dolomatrix International Ltd - Distribution in-specie of 1.25 million ReLODE Ltd shares ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
DETAILED REVIEW OF OPERATIONS... During the quarter the company, in conjunction with representatives of Thiess Pty Ltd (Thiess) and Westpac Institutional Bank, progressed negotiations with a number of interested companies which had signified interest in the project during the previous quarter. Meetings with representatives of several interested companies took place in Sydney during the International Fertiliser Association Conference in late May. The level of interest in the project being shown by prospective participants remains high. ASX Announcement
FOURTH QUARTER ACTIVITIES AND CASHFLOW REPORT
QUARTERLY REPORT ENDED 30TH JUNE 2001... * The company completed the necessary conditions precedent in relation to the previously announced agreement with the Austin Research Institute including a private placement of 17.5 million shares and options to raise $3.5million ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * Tenders for drilling of Stage 1 of the sulphide deeps drilling programme were let to two companies. Drilling commenced in June, with 11 RC pre-collars and 2 diamond holes completed by the end of the quarter. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
OVERVIEW... * Main supply contracts awarded and work underway. * Detail Design approximately 90% complete. * Marine transportation installation contracts awarded and design underway. * Drilling contract awarded to Chiles for new build rig "Discovery". ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
... Name of entity Rimfire Pacific Mining NL ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
ANNUAL PRODUCTION... * Total gold production for the year of 344,237 ounces (2000: 375,191) at a cash cost of US$182/oz (2000: US$196). ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
EXPLORATION... Regional and local data compilation has commenced for the Company's three exploration licences Jitarning Northwest (E70/2381), Jitarning Southeast (E70/2382) and Meendaling (E70/2383). A preliminary review of some of the regional data showed that the tenements overlie, or are adjacent to, a major northwesterly trending feature most likely comprised of a regional fault flanked in part by gneisses and metamorphosed greenstones. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
The Board of Directors of Star Mining Corporation NL (Star Mining) report for the quarter to 30th June 2001 follows:... Standard Bank London Limited, (Standard) have continued negotiations with independent parties who have expressed interest in the Sukhoi Log Feasibility Study, the Lenzoloto equity and the Lenzoloto debt. Finalisation of those matters is expected to occur in the near future. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
EXPLORATION... There was no development carried out during the quarter on this project. Proposals for joint venture or sale have been received and these are subject to negotiations. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
SIGNIFICANT EVENTS DURING THE QUARTER TO 30 JUNE 2001... * Substantial progress in negotiations with selected financiers for project financing of up to $100 million to develop a further 275 coal bed methane wells and associated infrastructure in PEL2, to be known as the Camden Gas Project. ASX Announcement
DAILY SHARE BUY-BACK NOTICE
![[Digital Reflections]](../../Mining-Promo-Video/anim.gif)
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK)...
Name of Entity
Sons Of Gwalia Ltd
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
This Quarterly Report summarises the activities of Southern Pacific Petroleum NL and Central Pacific Minerals NL (SPP/CPM - "the Companies") for the quarter ended 30 June 2001. This report also contains information on a number of key events that occurred subsequent to 30 June 2001. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
REPORT ON ACTIVITIES FOR THE QUARTER ENDED 30 JUNE 2001... Samson Exploration NL holds a 19.6% interest in Kestrel Energy Inc ("Kestrel"), a US based oil and gas company whose shares are listed on the Nasdaq Small Cap Market. The major asset of Kestrel is a portfolio of production and exploration assets in the gas-rich Green River Basin, located in southwestern Wyoming, USA. The company also owns producing and undeveloped oil and gas assets in Louisiana, New Mexico, Oklahoma and Texas and a 10.8% interest in Victoria Petroleum NL a petroleum exploration company whose major exploration assets are located in the San Joaquin basin in California. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
QUARTERLY REPORT FOR THE 3 MONTHS ENDED 31 JUNE 2001... The company purchased 10,000,000 fully paid shares in St Barbara Mines Limited pursuant to a put option with Larue Investments Incorporated. It entered into a new put option with Larue Investments Inc in respect of 4,323,000 St Barbara Mines Limited fully paid shares exercisable in January 2002. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
SUMMARY:... * As announced on 24 July 2001 Stuart has received confirmation from its legal representative that all native title issues for Paning (CO98-E) and Pando (CO98-H) have been agreed. Documentation for execution by all parties is being prepared and will be forwarded as soon as completed. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
CORPORATE... From 19 September 2000 to 20 April 2001 Taipan was the target of various takeover offers. Troy Resources NL ("Troy") was a bidder for this entire period and St Barbara Mines Limited ("St Barbara") was a bidder from 21 December 2000 to 18 April 2001. All takeover offers for Taipan are now closed, and all Taipan shareholders have now received any consideration pursuant to any validly formed contracts with the respective bidders. A summary of the takeover bids, immediately prior to their respective closing dates, is provided below. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
EXPLORATION... During the quarter, reverse circulation air blast drilling was completed on the Pinchin Gully and Wishbone project areas, and one metre split results were received for selected intersections from the March quarter's rotary air blast drilling programs on the Merilup and Paterson Road project areas. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
SUMMARY... Matchtip Limited ("Matchtip"), Takoradi's UK based subsidiary company, has made considerable progress in the technical development of its SIM Data Services system. The principle application of the system is for the automatic and remote backup and storage of data held on mobile telephones and personal digital assistants (PDA's). ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
KEY POINT SUMMARY... * A Prospectus dated 25 July 2001 for a non-renounceable pro rata share issue to existing shareholders to raise up to $3.78 million has been lodged with ASIC. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
EXPLORATION... Metallurgical test work has been inititiated on drill samples from target area A6. The work is designed to evaluate the potential to upgrade the secondary nickel and produce a chromite concentrate. ASX Announcement
COMPANY SECRETARY APPOINTMENT & RESIGNATION
The Company is pleased to announce that Mr Ross Kestel has been appointed as Secretary of the Company and all its subsidiaries. Furthermore, the Company wishes to advise that Mr Robert Hendrie has resigned as Secretary of the Company and all its subsidiaries. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
The Directors of Tectonic Resources NL present the Quarterly Report of the Company for the period ended 30 June 2001 as follows: -... ASX Announcement
COMMITMENTS TEST ENTITY - FOURTH QUARTER REPORT
... Name of entity Union Capital Limited ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS OF THE JUNE 2001 QUARTER... * 59 diamond drill holes have been completed for 11,063.85 metres. Encouraging assay results received from 51 holes show a best result of 221 metres of mineralisation intersected in Hole 7931, including 82 metres at 2.7% Zn oxide and 139 metres at 8.5% Zn sulphide. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS FOR THE QUARTER... 1. Commencement of drilling of Eagle Oil Field horizontal appraisal well and drilling into primary target oil zone at 4,320 metres measured depth in San Joaquin Basin, California targeting reserve of up to 24 million barrels of oil and 62 billion cubic feet of gas, following up 223 barrels of oil per day and 0.7 million cubic feet gas per day 1986 discovery well. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
REVIEW OF OPERATIONS... The executive team was further strengthened during the quarter with the appointment of David Rich as Chief Financial Officer and Company Secretary. David is a Chartered Accountant with a background in management and ASX listed companies. ASX Announcement
FOURTH QUARTER ACTIVITIES AND CASHFLOW REPORT
HIGHLIGHTS... * Asarco continues work on the Yamarna Joint Venture Project * Rights Issue and Placement * Proposed ASX Listing of De Grey Mining Limited to proceed. * Laugh.com update ASX Announcement
CHANGE IN SUBSTANTIAL HOLDING
ASX CORRECTION TO ANNOUNCEMENT RELEASE EARLIER TODAY... We submit a Notice of Change In Interest of Substantial Shareholder pursuant to Sub Section 710(1) of the Corporation Law in respect of the shareholding registered in Zeolite Australia Limited in the name of TOWER Trust Limited as at 27th July 2001. ASX Announcement
CHANGE IN SUBSTANTIAL HOLDING
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PROGRESS REPORT ON EAGLE NO1 DEVT PROJECT
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the current operation is conditioning the well bore with reaming at 4284 metres measured depth continuing to go down to the primary Second Gatchell oil zone at 4320 metres measured depth (MD), 36 metres away. ASX Announcement or COMPANY WEB SITE
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
OVERVIEW... * Share transfer agreement lodged with the Government of the Lao PDR for Pan Australian to acquire 80% of the shares in Phu Bia Mining Limited (the Lao-registered company that holds the Phu Bia Contract Area) from Normandy Anglo Pte Limited; ASX Announcement or COMPANY WEB SITE
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
COMMENTS AND HIGHLIGHTS... Highlight of the June quarter was the discovery of substantial platinum group metals (PGMs) in a high grade nickel-copper outcrop at Melba Flats. Channel samples taken across the 1.0-1.5 m wide outcrop averaged 10.7% Ni, 8.1% Cu and 1.9 g/t PGM. ASX Announcement
SECOND QUARTER CASHFLOW REPORT
... Name of entity Alkane Exploration Limited ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
QUARTERLY REPORT FOR 3 MONTHS ENDING 30 JUNE 2001... * Ex Anglo Gold Australasia Ltd senior geologist appointed Exploration Manager for the Company. ASX Announcement
REVISED FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS FOR THE QUARTER FOR THE PERIOD ENDED 30 JUNE 2001... Gross revenue derived from oil and gas production of US$1,295,069. (last quarter: US$1,394,670). The West Texas Intermediate posted oil price was lower on average, than the previous quarter and ranged from US$25.60 at the start of the quarter, to a high of US$29.98 in May 2001, ending at US$26.26 on 29 June 2001. Hedging contracts with Wells Fargo Bank based on 10,000 barrels per month were in effect during the period. Total hedge costs for the quarter amounted to US$85,260 compared to the previous quarter costs of US$174,290. ASX Announcement
TO WRITE-OFF SYDNEY BASIN EXPLORATION EXPENDITURE
The Board of Amadeus Petroleum NL has resolved to write-off all costs incurred on the 'Sydney Gas Joint Venture', previously capitalised in the books of its 100% owned subsidiary - Amadeus Asia Pacific Pty Ltd. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
OVERVIEW... Astro Mining NL ("Astro or the "Company") is an Australian mineral resource company focussed on diamond exploration adjacent to the Argyle diamond mine in Western Australia and near the Merlin diamond mine in the Northern Territory. The Company is pleased to announce preliminary results from field work which has recently been carried out in Western Australia. ASX Announcement
ORG FARMIN COMPLETED - L1/L2 PRODUCTION LICENCES PERTH BASIN
ARC Energy NL ("ARC") is pleased to announce that it has executed the farmin agreement and associated documentation with Origin Energy ("Origin") and others for Origin to farm in to the exploration area of the L1/L2 (Dongara) Licences. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
Production and sales of coal for Gunnedah Coal Company Ltd, a wholly-owned subsidiary of Australian Mining Investments Ltd for the 12 months to 30th June 2001 were as follows:... ASX Announcement
DRILLING UPDATE
LIMESTONE RIDGE-1... The Australian Worldwide Exploration group advises that, as at 0800 hours on 31 July, 7" production casing had been set to 2850m in the Limestone Ridge-1 well in PEL32 in the Otway Basin, South Australia. The rig is expected to be released later today. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
... * Successfully completed major capital raising (A$37 million) ASX Announcement
TYPHOON OILFIELD COMMENCES PROD. IN DEEPWATER GULF OF MEXICO
BHP Billiton today announced the first oil and gas production from the Typhoon oilfield in the deepwater Gulf of Mexico.... The field started production on July 29 2001 with gross production expected to increase to 40,000 barrels per day of oil (bopd) and 60 million standard cubic feet (mmscfd) of gas over the coming months, although actual oil and gas production rates will depend on well performance. (BHP Billiton's share is 50 per cent.) The estimated commercial field life is between five to eight years. ASX Announcement
DRILLING ACTIVITY & PROJECT STATUS REPORT TARANAKI BASIN
NEW ZEALAND - PEP38719, Taranaki Basin, Bligh Interest: 5.00%... During the past week, wireline logging of the Kauri-1 exploration well was completed, and 7" production casing run to a depth of 3,510 metres. The Parker Rig 246 will be moved to the Rimu B pad, for the drilling of the Rimu B3 well. ASX Announcement
STRONG FINAL QUARTER
Beach Petroleum NL has delivered a strong final quarter of higher oil sales and revenue, ahead of a 10-well exploration program commencing in September, 2001.... ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * All issues in respect of Native Title agreements for Cooper blocks CO98-G, J and I agreed - final documentation anticipated in late July - early August. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
PHILIPPINE PROJECT... The company's initial drill programme will target the partially mined sulphide deposit with remaining resources reported to be 2.4 million tonnes averaging 10 g/t Pt and Pd. Potential for a further 2.5 million tonnes has been estimated immediately along strike. A drill contractor has been selected with site preparation due to commence as soon as all necessary clearances have been obtained and a permit issued by the Department of Environment and Natural Resources (DENR). This is expected around the end of August. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
QUARTER HIGHLIGHTS... * Oil and gas discovery at Oyong in Sampang PSC * Preparations for drilling SE Gobe-10 in SE Gobe oil field * Negotiations continued on selling Cue's share of Yolla gas production ASX Announcement
SECOND QUARTER CASHFLOW REPORT
... Name of entity Cityview Corporation Limited ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
MARKET CAPITALISATION AT JUNE 30, 2001... Shares on Issue 52,814,516 Options 6,000,000 Fully Diluted Capital 58,814,516 Market Value Fully Diluted AUD$22,349,516 (US$11,411,417)
FOURTH QUARTER ACTIVITIES AND CASHFLOW REPORT
HIGHLIGHTS... * Successful drilling of second well in Thailand doubling production from the Wichian Buri field ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
FOR THE THREE MONTH PERIOD ENDED 30 JUNE 2001... During this period, geological and seismic interpretation studies were undertaken with a view to maturing the prospectivity of our permits. A seismic survey in PEP 159 was undertaken and an exploration well was drilled in PEL 72 during the quarter. No hydrocarbon reserves were discovered or acquired during this period. ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Essential Petroleum Resources Limited ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
ASX CORRECTION TO ANNOUNCEMENT RELEASED EARLIER TODAY... * First full quarter of operations at the Company's 100% owned Mt Rawdon project where production was 16,834 ounces at a cash cost of $357 per ounce. ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
QUARTERLY REPORT TO 30 JUNE 2001... Construction of the El Tesoro Project was substantially completed during the Quarter. Total cumulative Project expenditure as at 30 June 2001 was US$267.97 million, with expenditure of US$18.64 million being incurred during the Quarter. Cathode copper production commenced at the end of April 2001 and amounted to 9,010 metric tonnes (or 19.86 million pounds) for the Quarter. ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Equinox Resources Limited ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... Finance Facility approved to fund Lumwana Bankable Feasibility Study ("BFS"): ASX Announcement
UPDATE ON EAGLE/LANGFORD WELLS
LANGFORD 25 #3H-TXV HORIZONTAL, HARDEMAN COUNTY, TEXAS... Gas sales have commenced in the SL 328 No 7 well front the 5780 Sand at the rate of 600 mcf and 3 barrels of condensate per day on a 6/64 inch choke with a flowing tubing pressure of 1,910 psi. Sales are made into the Columbia Gas Pipeline System. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
STATEMENT... The quarterly production at the Mungari quarry was 30 cubic metres. Sales were poor and were 15 cubic metres. Inquiries at the end of the Quarter were better and indications are for stronger sales in the September Quarter. ASX Announcement
RESULTS OF GENERAL MEETING
LETTER FROM NORGARD CLOHESSY CHARTERED ACCOUNTANTS... The Deed Administrators of General Gold Resources NL advise that all of the proposed resolutions as detailed in the Notice of General Meeting dated 22 June 2001 were passed at a meeting of shareholders held on Tuesday, 24 July 2001. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
OVERVIEW... Gutnick Resources NL ("Gutnick Resources" or the "Company") is an Australian mineral resource company focussed on gold exploration in Western Australia and the Northern Territory. The Company aims to create wealth for its shareholders through the discovery and development of economic mineralisation on its extensive tenement portfolio. To this end the Company intends to fund exploration and related work to a point where a dedicated partner is attracted to participate in further exploration and/or mine development. ASX Announcement
RESULTS OF COURBINE-1A OFFSHORE MAURITANIA
Hardman Resources NL reports that the Courbine-1A well offshore Mauritania has completed running wireline logs over the interval 3,727 metres to 4,452 metres (total depth) which includes the primary objective for the well. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
VINCORP WINERIES LIMITED (Vincorp) (ASX Code: VWL)... Hillcrest owns 28.4 % of Mediko. Mr JW Barr represents Hillcrest on the Board. Mediko was formed in 1999 to commercialise and market selected discoveries made by the Vitapharm Group that has operations in Australia and overseas. Under the terms of that agreement the first product to be marketed is Mediko Nugrowth, which was launched in Australia in 1999. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... Production commenced at the Demonstration Plant during the quarter. The consensus is that this is one of the most advanced demonstration plants to have been constructed in Australia. ASX Announcement
NOTICE OF ANNUAL GENERAL MEETING
The Annual Meeting for Heritage Gold NZ Limited is to be held on Thursday 6 September 2001 in the Pukekawa Room, 1st floor Jubilee Building, 545 Parnell Road, Parnell, Auckland, at 2.30pm. Please see attached notice of meeting for details of the agenda. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * A video streaming application, the first application using the HTV technology, was released to the public. The development of additional applications and tools for HTV is well underway. ASX Announcement
NOTICE OF INTENTION TO REMOVE DIRECTORS OF AZL
The directors of IGM Group Limited ("IGM") advise that IGM has issued a notice pursuant to section 203D(2) of the Corporations Act on Anzoil NL ("Anzoil").... ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Julia Corporation Limited ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
QUARTERLY REPORT TO 30TH JUNE 2001... Phase 1 of the agreement with The Technology Store is virtually complete after the successful treatment of 0.8 tonnes of composite samples from Young, Lake Innes (NSW) and Beaconsfield (TAS). Saprolite and weathered serpentinite resources from the deposits are projected to recover between 85% to 95% of the nickel and cobalt. Phase 2 of the agreement - Technical Feasibility - involving the testing of a 15 tonne sample is about to start. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
OVERVIEW... Johnson's Well Mining NL ("Johnson's Well" or the "Company") is an Australia mineral resource company focussed on gold exploration in Western Australia and the Northern Territory. The Company aims to create wealth for its shareholders through the discovery and development of economic mineralisation on its extensive landholdings. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
ST ALVANO JOINT VENTURE... Down hole EM surveys were completed in all four of the RC holes drilled at SA13 earlier this year, and all assay results were received from infill soil surveys completed at the SA20 and Flanders targets. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
CHATREE GOLD PROJECT THAILAND.... Construction on Schedule Construction on Budget Exploration Drilling Program completed ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
... In February 2001, Kimberley reached agreement to purchase AM70/00275, the mining lease covering the eastern half of the Ellendale Lamproite Field. Kimberley commissioned Snowden Mining Industry Consultants to undertake a pre-feasibility study of a limited mining operation on sections of the Ellendale 4 and 9 lamproite pipes. This pre-feasibility study was targeted at mining a zone of surface diamond enrichment identified by Kimberley during a small sampling program in January. The study suggested that the surficial material overlying the lamproite may be enriched by a factor of about 5 compared to the primary tuffaceous material. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS FOR QUARTER... * Oil production for the quarter from the Bula Field was 47,637 barrels of oil. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
QUARTERLY ACTIVITY REPORT FOR THE PERIOD ENDING 30/06/2001... * Mining contract awarded (subject to project finance) to Cardross Mining Pty Ltd. ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
LionOre Australia (Nickel) Limited (LionOre Nickel) is a 78% subsidiary of Canadian listed LionOre Mining International Limited. LionOre Nickel is listed on ASX under the code LON and owns 100% of the Emily Ann nickel deposit and 31% of the Maggie Hays nickel deposit in the Lake Johnston region of Western Australia. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
Mosaic Oil has recorded total receipts of $10.3 million dollars in the 12-month period to 30 June 2001.... This revenue amount is the highest ever recorded by the company, and more than double the amount generated in the June 2000 financial year. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
BAU PROJECT - SARAWAK, MALAYSIA... During the quarter, exploration work at Bau was scaled down whilst the Company conducted due diligence studies on new projects. The main work was the collection and processing of bulk samples from Jugan and Pejiru for metallurgical work as well as the commencement of an ongoing soil sampling programme on targets derived from remote sensing work. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... BULGARIAN FARM INTERESTS CONTINUING ON A SELF FUNDING BASIS AND WINS AWARD ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS:... Arradale September 2001. Cliff Head November 2001. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
Oil Company of Australia Limited hereby submits this quarterly report which covers the activities of the company and its wholly owned subsidiaries Angari Pty Limited, Oil Investments Limited, Oil Company of Australia (Moura) Pty Limited and Oil Company of Australia (Moura) Transmissions Pty Limited. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
... PPL 62 and PPL 168, Otway Basin, Australia (Omega share 24.2857%) Katnook, Haselgrove, Haselgrove South and Ladbroke Grove gas fields. ASX Announcement
LIMESTONE RIDGE 1 PROGRESS REPORT PEL 32
Origin Energy Resources Limited as Operator of onshore Otway Basin permit PEL 32, South Australia, advises that at 0800 hrs on 31 July 2001 production casing has been set in the exploration well Limestone Ridge 1 at 2850m. It is planned to release the rig mid-afternoon today. ASX Announcement
FARMIN COMPLETED - L1/L2 PRODUCTION LICENCES PERTH BASIN WA
MEDIA RELEASE... Origin Energy Limited ("Origin") is pleased to announce that its subsidiary, Origin Energy Developments Pty Ltd has executed the farmin agreement and associated documentation with ARC Energy NL ("ARC") and others for Origin to farm in to the exploration area of the L1/L2 (Dongara) Production Licences. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
KEY POINTS... * Otter's equity production (18,293 ounces) continued to be affected by the severe wet season in the Tanami and milling of low grade stockpiles at Martha mine. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * An announcement of the signing of an Exploration Study Agreement (ESA) with the Maltese Government for two permits. The Company has a 40% interest in these permits which border areas containing major commercial oil and gas fields, within strata of the same age and depositional features as seen in the ESA area. The neighbouring fields have reported reserves in excess of a billion barrels of oil or a trillion cubic feet of gas. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * Fortnum again performed above forecast for the quarter with gold production of 20,703 ounces being achieved at a cash operating cost of $219 per ounce. ASX Announcement
ACQ OF DOLOMATRIC INTL LTD COMPLETE/CHANGE IN DIRECTORS
The Directors are pleased to advise that the acquisition of Dolomatrix International Ltd his been settled and that the $3m capital raising has successfully closed.... It is anticipated that the Company will be reinstated to the Industrial listing on the ASX Monday 6 August 2001, as Dolomatrix International Limited with ASX codes of DMX and DMXO for the listed options. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... During the quarter Pilbara Mines Ltd (Pilbara) outlined a highly anomalous gold soil geochemical target, extending over 700 metres, in an area of limited previous exploration, 20 km south east of the Thunderbox gold discovery, on the Thunderbox-Tarmoola structural trend. This anomaly represents an immediate drill target. ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
EXPLORATION ACTIVITIES... An application for renewal of the BCMC NGP for a further six months was filed with the Department of Energy after the end of the quarter on 15/07/01. No fieldwork was undertaken during the quarter. The farmin opportunity was presented at a position session at the Seapex Technical Conference/Farmout Forum in Singapore in April. It is planned to present the opportunity at a major farmout forum in Houston in August. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
OVERVIEW... In the last three months Quantum Resources Limited ("Quantum" or the "Company") has further developed its mining royalty business with the acquisition of several exploration projects throughout Australia. As described in the March 2001 Quarterly Report, the mining royalties business is based on acquiring a portfolio of highly prospective mineral properties with the view to generating profits through royalty and/or farm-out agreements with major mining and exploration companies. To date the Company has acquired tenements covering over 6,200 square kilometres in Western Australia, Northern Territory, South Australia and New South Wales. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
* CHIRANO GOLD PROJECT IN GHANA TO PROCEED TO BANKABLE FEASIBILITY WITH $5 MILLION FEASIBILITY FINANCE FACILITY FROM MACQUARIE BANK... ASX Announcement
2001 HALF YEAR RESULTS PRESENTATION
Rio Tinto will announce its June 2001 half-year results on Thursday 2 August 2001.... A public webcast of the results presentation to the financial community will be made at 7pm Australian Eastern Standard Time (10.00am London (GMT), 5.00am US (EST)) on Thursday 2 August on Rio Tinto's website (www.riotinto.com). ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
ERONGO TANTALITE PROJECT - NAMIBIA... Reefton has discovered substantial tantalite mineralisation over a 50 kilometre long pegmatite belt. An intensive field programme commenced during the quarter to evaluate hard rock and alluvial tantalite resources. ASX Announcement
SECOND QUARTER CASHFLOW REPORT
... Name of entity Southern Cross Exploration NL ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
Details of Sapphire Mines NL ("the Company" or "Sapphire") mining production, development and exploration activities undertaken during the June 2001 quarter are as follows:... The Australian Sapphire Joint Venture is comprised of Sapphire Mines NL 50% and GTN Resources Ltd 50% and was formed to explore and develop the extensive sapphire resource areas, which both companies hold in the New England Region of New South Wales. The Joint Venture holds tenements totalling approximately 900 square kilometres, covering the majority of the prospective sapphire exploration areas in NSW. ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
GOLD... As reported in the previous quarter, a remodeling of the Lost World resource, in all categories indicates an estimated 5.6 million tonnes, at 1.4 g/t Au for 254,475 ounces of gold The new resource estimate figures at Lost World has resulted in a doubling of the tonnage, a doubling of the contained gold ounces and a modest increase in the gold grade. The Lost World deposit is only one of six areas where previous drilling has outlined encouraging resource results ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
OVERVIEW... * Increased resources would assist in increasing the processing throughput rate to realistic levels of 500,000tpa for sulphide ore and 800,000tpa for oxide ore. On that basis and by realising a marginally higher gold price of US$280.00/oz, all three projects appear to be economically viable subject to further studies. ASX Announcement
CONVERTIBLE NOTES - NO CHANGE TO CONVERSION PRICE
The Directors of Straits Resources Limited (ASX Codes: SRL and SRLG) advise that the conversion price of the Convertible Notes has not been altered as a result of the 1:4 Rights Issue which is currently under-way. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... Mapping and sampling programs completed during the June 2001 quarter have returned high grade gold, platinum and palladium results. A number of new prospects highly anomalous in gold-platinum-palladium-copper have been discovered along strike from the Kongo Prospect including the Copper King Prospect, 800 metres ESE of Kongo, which returned maximum values of 38.5 g/t Au, 4.8 g/t Pd and 77ppb Pt. At the Copper Queen Prospect, located 4 kilometres to the southeast of Kongo, consistent gold values over 400 metres strike of a skarn like vein were returned. A single rockchip sample from the east end of the vein assayed 4.7 g/t Au, 14.7 g/t Pt, 1.3 g/t Pd and 12.5% Cu and other samples nearby assayed 72 g/t, 24.3 g/t, 14.5 g/t and 14.3 g/t Au. ASX Announcement
RESPONSE TO ASX SHARE PRICE QUERY
I refer to your correspondence of 30 July 2001 regarding the company's recent increase in share price and reply to your questions in the same order:... ASX Announcement
DRILLING REPORT ON EAGLE NO.1
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the current operation is conditioning the well bore with reaming at 4284 metres measured depth continuing to go down to the primary Second Gatchell oil zone at 4320 metres MD, 36 metres away. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
SUMMARY... During the March quarter, the Company acquired three mineral properties, namely M38/302 "The Anchor", M38/346 & G38/4 "Cork Tree Well" and P38/2659 "No Mistake" situated in the Duketon belt north of Laverton in the eastern goldfields of Western Australia, as announced on 26 February 2001. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * Anadarko Petroleum Corporation has taken a seismic option on AC/P26. Anadarko will acquire 200 km of 2D seismic over the Rossini Prospect in order to earn an option to drill a well in AC/P26. ASX Announcement
AC/P26 - ANADARKO AGREEMENT
WEST OIL REACHES AGREEMENT WITH ANADARKO IN AC/P26, TIMOR SEA... Oil and gas explorer West Oil NL has reached agreement with the world's biggest independent oil and gas producer, Anadarko Petroleum Corporation, to acquire 200 km of 2D seismic over the Rossini Prospect in AC/P26 in order for Anadarko to earn an option to drill an exploration well in AC/P26 in the Timor Sea. ASX Announcement
COURBINE 1-A ST1 & BLACKTIP-4 DRILLING REPORTS
MAURITANIA, AREA B COURBINE-1A ST1... Preliminary wireline log analyses have been concluded. No commercial hydrocarbons have been encountered and preparations are underway to plug and abandon the well, following which the Scarabeo 7 drilling rig will be released from its current contract. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
MINING PROJECTS... During the quarter Yardarino entered into a Joint Venture agreement with BHP Minerals Pty Ltd in respect of Yardarino's Black Hill Project (previously called Brownlow) by funding a total of $1.5m towards exploration expenditure. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
OVERVIEW... * 13 diamond drill holes were completed for a total of 3,544 metres. A high grade core to each of the Cibitung and Cikoneng Shoots was confirmed. ASX Announcement or COMPANY WEB SITE
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
QUARTERLY REPORT... For the Period from 1st April to 30th June 2001 ASX Announcement or COMPANY WEB SITE
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Macmin Limited ASX Announcement or COMPANY WEB SITE
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
QUARTERLY REPORT PERIOD ENDING 30 JUNE 2001... * A recent revision of the business arrangement relating to the Minnipa Gold Project, including the Barns Gold Prospect, greatly increases the company's options for funding ongoing exploration. ASX Announcement
EXTENSION OF CLOSING DATE FOR CAPITAL RAISING
Aerosonde Holdings Limited (formerly Australian Platinum Mines Limited (ASX:APU) advises that the closing date for the capital raising has been extended, and that the prospectus will now be open until 5.00pm est on Friday 17 August 2001. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
QRTRLY REPORT ON EXPLORATION & DEVELOPMENT ACTIVITIES
This report covers exploration and development activities for the quarter ended 30 June, 2001. Unless otherwise stated, BHP Billiton's interest in the projects referred to in this report is 100 per cent.... The Boards of BHP Billiton, Mitsubishi Corporation of Japan and the Industrial Development Corporation of South Africa Ltd (IDC) announced the decision to proceed with the Mozal expansion project (Mozal 2) on 21 June 2001. The project will add a further 253,000 tonnes per annum (tpa) of aluminium capacity at the smelter near Maputo, at a construction cost of US$860 million (BHP Billiton share US$405 million), equivalent to a competitive US$3,400 per tonne of new capacity. Construction has commenced and commissioning is scheduled for late 2003, with full production expected after six months. ASX Announcement
PRODUCTION REPORT FOR THE QUARTER ENDED 30/06/01
BHP Billiton today released its production report for the quarter ended 30 June, 2001. Production of most major mineral commodities was higher than both the corresponding period last year and the March 2001 quarter. ASX Announcement
COMPLETES EXCHANGE OFFER OF 13-3/8% CONV SENIOR SUB NOTES
Monday, July 30, 2001 - Coeur d'Alene Mines Corporation (NYSE: CDE) announced today that its offer to exchange its 13-3/8% Convertible Senior Subordinated Notes (the "13-3/8% Notes") for up to 80% of the Company's outstanding 7-1/4% Convertible Subordinated Debentures due October 31, 2005 and 6-3/8% Convertible Subordinated Debentures due January 31, 2004 and up to 25% of its 6% Convertible Subordinated Debentures due June 10, 2002 was completed (the "Exchange Offer"). The Exchange Offer commenced on June 29, 2001. ASX Announcement
WALLABY UPDATE/PRESENTATION
Significant progress has been made at Wallaby over recent weeks, with waste mining now underway.... The Wallaby pit is part of Granny Smith (Delta 40%, Placer 60%) and mining of ore is now forecast to reach the full production rate of 3 million tonnes per year before the end of December 2001 assuming there is no major rainfall that affects mining operations. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
ELIZABETH HILL SILVER MINE... * Resolution of Dispute between East Coast Minerals & Legend Mining Limited. ASX Announcement
RESULTS OF MEETING
LETTERS FROM NORGARD CLOHESSY CHARTERED ACCOUNTANTS... As you may be aware, a meeting of shareholders was held on Tuesday, 24 July 2001. In this regard, I attach a statement by the Deed Administrators for release to the market. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
The oil shale industry has received a boost by Southern Pacific Petroleum NL selling its first shipment of 40,000 barrels of oil to Singapore.... ASX Announcement
LETTER TO OPTIONHOLDERS
LETTER TO OPTIONHOLDERS... a) Exercise the options in whole or in part by payment of 40 cents for each option you wish to exercise by no later than 5.00pm Western Australian Standard Time (WST) on 31 August 2001, together with a completed Notice of Exercise of Options and in accordance with the terms and conditions attached to the options. The Notice of Exercise of Options and the terms and conditions were forwarded to you by the share registry when you acquired the options. For your convenience, another copy is enclosed with this letter. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
Detailed below is an amended Hedging Position table at 30 June 2001, correcting a typographical error the total line for 2001. This does not affect the totals at the bottom of the table.... ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... The Company's wholly owned subsidiary Colloqui Pty Ltd (colloqui.com) released its ChatStack (chatstack.com) voice service to internet users. The services will be initially offered to users without charge for a limited period to rapidly increase users. Anyone anywhere in the world with an internet connection can use ChatStack. Revenue to Colloqui from the provision of the ChatStack services will commence once user number targets are met. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
JUNE 2001 QUARTERLY UPDATE... Completion of the Flinders 3D Seismic survey over the TL/2 and TP7 licence areas is expected in September, with half the data available for interpretation by then. The remaining data is expected by the end of the year. Assuming rapid interpretation and immediate rig availability, drilling of defined targets is likely in the first quarter of 2002. ASX Announcement
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK)...
Name of Entity
Petroz NL
APPROVAL BY ASIC FOR EXTENSION OF TIME FOR THE AGM
The Australian Securities and Investments Commission has approved an extension of the date by which Petroz NL must hold its next Annual General Meeting to 31 May 2002.... The reason for the extension is that, in accordance with the requirements of the Corporations Law, the Company has synchronized its financial year end with that of its controlling entity, Phillips Australia WA-248 Company Pty Ltd (Phillips Australia). Phillips Australia has a 31 December financial year end and accordingly the Company has extended its financial year to 18 months, from 1 July 2000 to 31 December 2001. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
QUARTERLY REPORT, THREE MONTHS ENDED 30TH JUNE 2001... * Continued Exploration Success at Kundana ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
SUMMARY... * Oil production jumped from less than 20,000 bbls in the previous quarter to more than 200,000 bbls, due to the Kyle Field coming on stream ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
SUMMARY... The East Kundana Joint Venture has now entered a phase of planning and project development, rather than being exploration focused. Drilling has been limited to sterilisation and only minor exploration of new targets was carried out. ASX Announcement
|
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||||||
| All Ords | 3263.2 |
|
|
Dow Jones | 10,401.72 |
|
| ASX200 | 3316.6 | +24.6 | S&P 500 | 1204.52 | -1.30 | |
| All Resources | 1438.9 |
|
Nasdaq | 2017.84 |
|
|
| All Mining | 655.8 |
|
Gold - spot/oz | US$265.80 |
|
|
| All Gold | 802.1 |
|
Silver - spot/oz | US$4.20 |
-0.01 | |
| AGC Explorers | 593 | na | Platinum - spot | US$470.00 | -28.00 | |
| Energy | 1613.9 |
|
Palladium - spot | US$428.00 |
|
|
| All Industrials | 5630.6 |
|
Bridge CRB Futures Index | 202.66 |
|
|
| FTSE 100 | 5446.7 | +43.6 | Crude Oil (NYMEX) | US$26.63 | -0.39 | |
| Nikkei | 11,579.27 | -218.81 | Copper (spot $US/tonne) | US$1488 |
|
|
| Hang Seng | 12,086.66 | -95.51 | Lead (spot $US/tonne) | US$504 |
|
|
| A$ = US50.57c |
|
Zinc (spot $US/tonne) | US$845 |
|
||
| A$ = 63.29yen |
|
Nickel (spot $US/tonne) | US$5770 |
|
||
| A$ = 0.579euro |
|
Aluminium (spot $US/tonne) | US$1392 |
|
||
| US 30-Year Bond |
5.096% | unch | Tin (spot $US/tonne) | US$4170 |
|
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Live Quotes & Charts - Australia |
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24 Hour Spot Gold Price |
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SECOND QUARTER CASHFLOW REPORT
... Name of entity Austindo Resources Corporation NL ASX Announcement or COMPANY WEB SITE
APPENDIX 3B-PART ACQ. OF DNA-ID LABS IN PERTH
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement or COMPANY WEB SITE
PURCHASE OF DNA-ID LABS PERTH
Genetic Technologies Limited is pleased to announce that it has today completed the purchase of the business of DNA-ID LABS in Perth as part of its strategy of expanding its paternity service testing business. Genetic Technologies Limited already controls the largest accredited DNA paternity testing group in Australia. ASX Announcement or COMPANY WEB SITE
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
GIPPSLAND BASIN... * PEP 155 (formerly PEP 135) - Onshore, Victoria (Lakes Oil Group, Operator: 100% interest) ASX Announcement or COMPANY WEB SITE
PROGRESS REPORT ON EAGLE NO. 1
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the current operation is conditioning the well bore with reaming and a wiper trip prior to continuing drilling of the horizontal well bore in the primary Second Gatchell oil zone. ASX Announcement or COMPANY WEB SITE
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
Telfer -
Gold and Basemetals
Encouraging rock chip results (Au) and confirmation of gold mineralisation orientations.
Perrinvale -
Gold and Basemetals
Encouraging rock chip results (Cn and Zn).
Tsumkwe, Namibia - Diamonds
Recovery of further kimberlitic indicator minerals including one macrodiamond.
Tsumkwe, Namibia - Basemetals
Discovery of copper/zinc anomaly.
ASX Announcement or COMPANY WEB SITE
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS
CRACOW
| CBK030 |
4.0 |
metres |
@ |
9.1 gAu/t |
| 18.25 |
metres |
@ |
31 gAu/t |
|
| CBK042 |
6.75 |
metres |
@ |
|
| 10.4 |
metres |
@ |
12 gAu/t |
|
| CBK044 |
15.8 |
metres |
@ |
14 gAu/t |
| CBK046 |
18.4 |
metres |
@ |
9.2 gAu/t |
| CBK048 |
9.5 |
metres |
@ |
15 gAu/t |
| 6.6 |
metres |
@ |
6.6 gAu/t |
ASX Announcement or COMPANY WEB SITE
APPENDIX 3B & DISCLOSURE DOCUMENT
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
HIGHLIGHTS:... * A total of 40,055 dry tonnes were processed during the June Quarter through the comminution, classification and thickening modules of the "MMPEU" installed at RAV 8 Nickel Mine. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
SUMMARY... * Production of 57,290 gold equivalent ounces, an increase of 16% over the previous quarter due to increased ore milled and gold grade. ASX Announcement
FURTHER PLACEMENT ANNOUNCEMENT
The Directors we pleased to announce that a further placement of 1,875,000 Amity shares at 80 cents per share, to raise $1.5 million has been completed with CIBC World Markets (CIBC). In line with the placement announced on 25 July, this placement was also to institutional and high net worth clients of CIBC and completes Amity's fund raising requirements at this time. ASX Announcement
FOURTH QUARTER ACTIVITIES &CASHFLOW REPORTS
HIGHLIGHTS FOR THE QUARTER... * Lady Loretta Plan of Operations completed, lodged and accepted by EPA ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
CORPORATE... * As at 30 June 2001 the Company's equity in the Mount Day Joint Venture at Lake Johnston remains at 80.00%. Since the 31 March 2001 the company has solely contributed to the Mount Day Joint Venture. The additional sole contributions up to 30 June 2001 amounted to $110,000. ASX Announcement
PRELIMINARY FINAL REPORT & FOURTH QUARTER REPORT
HIGHLIGHTS... * Main activities during year directed to enhancing the value of the project: ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * With increased market interest in the Musgrave Ranges area of Western Australia due to WMC's nickel discovery, Cobra is re-focusing on its mineral assets in the area and in Papua New Guinea and Queensland. ASX Announcement
APPENDIX 3B - WORKING CAPITAL
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
QUARTERLY PRODUCTION AND SALES REPORT - JUNE 2001 QUARTER... June 2001 Quarter's production and sales showed an increase of 44% over the corresponding quarter. This result incorporates production from the Company's 50% interest in the Springvale Mine, acquired in December 2000. ASX Announcement
OPTIONS PROSPECTUS - CHANGE OF CLOSING DATE
The Directors of Central Kalgoorlie Gold Mines Limited ("CKG") wish to advise the following details regarding the recently lodged Options Prospectus.... In accordance with a resolution of Directors of the Company dated 30th July 2001, the closing date for acceptance of applications by CKG is to be extended from 5:00pm on 30th July 2001 to 5:00pm on August 6 2001, at such earlier or later date as may be approved by the Directors of the Company. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * Carpathian was admitted to the Official List of the Australian Stock Exchange Limited and quotation of its securities commenced on 15th May 2001. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
SUMMARY FOR THE QUARTER... * The Company has entered into an option agreement to acquire the Coobina chromite operation. Coobina has the capacity to produce up to 150,000 tonnes per annum, generating additional sales revenue for the company of around $20 million. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * Shareholding in Western Canadian Coal (WCC) increased, alliance struck with Mitsui Matsushima. WCC has developed a five-year plan for development of two of its property groups, Wolverine and Brazion, that will result in cumulative production of 5 million tonnes of coking coal a year ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
The following summarises the results of exploration for the Company for the quarter ended 30 June 2001.... The project incorporates two distinct targets, primary lamproite targets, and a very large palaeo-alluvial target known as the "B Channel". ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Exco Resources NL ASX Announcement
COMMITMENTS TEST ENTITY - FOURTH QUARTER REPORT
ANNEXURE... In the light of Federation Group Limited changing its name and company status during the quarter ending 30 September 2000, ASX asked the Company to lodge an appendix 4C until further notice, under its general discretion in Listing Rule 4.7B. The Company is not a "commitment test entity" as such. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
... Name of entity Greater Pacific Gold Limited ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
SUMMARY... * Delineation of target areas with potential to contain significant mineralisation within our Musgrave Block exploration licence application areas has been completed by Independence Gold NL under our joint venture agreement. A total of 50 priority targets have been defined in the Northern Territory and South Australia as follows; ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
Hampton and its joint venture partners had a very active quarter drilling 357 aircore and RAB holes totalling more than 20,000 metres and 13 RC and one diamond drill hole totalling 1,930 metres on 5 Hampton projects. ASX Announcement
RESULTS OF MEETING
EXTRAORDINARY GENERAL MEETING - 27 JULY 2001...
In accordance with Section 251AA of the Corporations Law, the
following information is provided to Australian Stock Exchange
Limited in relation to resolutions passed by members of Helix
Resources Limited at its extraordinary General meeting held on 27
July 2001:
RESOLUTION NUMBER RESOLUTION 1 RESOLUTION 2
RATIFICATION OF APPROVAL OF
PREVIOUS ISSUE ISSUE OF OPTIONS
OF SHARES TO LONMIN
AUSTRALIA LIMITED
SECOND QUARTER ACTIVITIES & CASHFLOW REPORTS
REVIEW OF OPERATIONS... (This document summarising the company's exploration activities for the reporting period has been prepared by M R Bunny BSc (Hons); FAusIMM, MMICA; MAIG, Principal Consultant of Earth Resources Australia Pty Limited, consultants to Magnum Gold NL. Mr Bunny is a "competent person" as defined in Appendix 5A of the ASX Listing Rules, and has consented in writing to the inclusion of this document - in the form and context in which it appears - with the company's report.) ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
... Name of entity Mineral Commodities Ltd ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
SUMMARY OF OPERATIONS... A Notice of Meeting and an Explanatory Statement is being drafted to convene a meeting for shareholders to consider amongst other resolutions the future activity of the company and the disposal of its mining assets as foreshadowed in the announcement to the market in April 2001. ASX Announcement
UPDATE ON BENITEC OFFER
Queensland Opals NL ("QOP") confirms that it has dispatched offers to acquire shares and options in Benitec Limited ("Benitec") to Shareholders and Option holders by Friday 27th July 2001.... As at the 30th July 2001, QOP has received acceptances of its offers by a number of shareholders taking its voting interest in Benitec to 42.57% of the issued capital of Benitec and on a fully diluted basis QOP has an interest of 53.71% in the issued capital of Benitec. ASX Announcement
SUSPENSION FROM OFFICIAL QUOTATION
ASX MARKET RELEASE... The securities of Queensland Opals NL (the "Company") will be suspended from quotation immediately, at the request of the Company, pending release of the Information Memorandum in respect of the proposed acquisition Benitec Limited. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * Gold production of 84,678 ounces from the Damang mine in Ghana was above budget for the quarter, but total cash costs were higher than forecast at US$224 per ounce. The 2000/2001 financial year's production of 322,046 ounces exceeded budget forecasts. A target of 336,765 ounces at total cash costs of US$224/ounce has been adopted for the year ending 30 June 2002. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
E-COM ASIA PACIFIC PTY LTD... Software sales for the quarter at $27,500 were down from the previous quarter but in line with expectations. Sales to E-Com's major customer, Prudential Assurance, were slowed by modifications to the standard hardware configuration of the system package provided to their sales agents. With these issues resolved E-Com is advised that sales will accelerate in the coming months. ASX Announcement
APPENDIX 3B - EXERCISE OF 12/11/2001 EMPLOYEE OPTIONS
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Sipa Resources International NL ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Sun Resources NL ASX Announcement
ENDEAVOR-1 EXPLORATION WELL-UPDATE
In accordance with Listing Rule 3.1, Tap Oil Limited ("Tap") provides an update on the Endeavor-1 well which was spudded at 00.00 hours on Saturday, 7 July 2001.... As at 06.00 hours on 30 July 2001, the well has drilled ahead to a total depth of 2,938 metres and is currently conducting a wireline logging programme. The well intersected the Kuriyippi Formation objective at 2,784.5 metres measured depth (2,755.5 metres true vertical depth), 184.5 metres high to prognosis. Only trace oil shows have been observed in the sandstones of the Kuriyippi Formation which are interpreted to be tight. The well will be plugged and abandoned having failed to encounter significant hydrocarbon shows. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS FOR THE QUARTER ENDED 30 JUNE 2001... * Simpson Oil Field Development Progressing ASX Announcement
TRADING HALT
TRADING HALT REQUEST... a) The trading halt is sought to avoid the market trading on an uninformed basis pending an announcement affecting the Company's cabling / telecommunications engineering subsidiary, Yost Technologies Limited; ASX Announcement
APPENDIX 3B - CONVERSION OF OPTIONS
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
COMMITMENTS TEST ENTITY - FOURTH QUARTER REPORT
... Name of entity Westmag Limited ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Western Areas NL ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Golden Cross Resources Ltd ASX Announcement
HIGH COURT ADVISES OF AVAILABLE HEARING DATES
AuDAX, holder of an option to acquire an 80 per cent interest in the Bronzewing South mining tenements, is pleased to announce that two hearing dates have been allocated by the High Court of Australia for resolution of the dispute surrounding ownership of the ground. ASX Announcement
DALMANE-1 ENCOUNTERS THICK COAL SEAMS & CBM GAS
The Directors of Arrow Energy NL are pleased to announce that at 12.00pm today, Arrow's third CBM exploration well Dalmane-1 was at 146 metres and drilling ahead to a planned total depth of 300 metres. Dalmane-1 is located 5km north east of Arrow's Dundee-1, 9km south of Chinchilla. (Fig 1) ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * 60A Lode drilling success * Increase in resources at Eloise * Encouraging exploration results from drilling at Altia ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
SUMMARY OF ACTIVITIES... The quarter was one of mixed fortunes for the Company. A very exciting drilling program has been confirmed for the rest of the year and the Company's capital raising was also very successful with strong interest in the placement. However, the first well in the drilling program, Yardarino 5, was unfortunately dry. ASX Announcement
NEW ACQUISITIONS
KEZMAROK PROJECT... Carpathian has acquired a 60% equity interest in WNP sro, a company incorporated under the Slovak Commercial Code. This company is the registered holder of oil and gas Exploration Licence Kezmarok located in north-central Slovakia. Negotiations are continuing for acquisition by Carpathian of the remaining 40% interest in WNP. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... Macquarie Bank Limited (Macquarie) has been granted a mandate to arrange and provide US$9M of project finance. Macquarie has agreed to provide the Company with A$1m of loan funding to complete the final feasibility studies and environmental permitting of the Svartliden Gold project and has offered to take an A$250,000 placement of Dragon shares. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
Please find attached Emperor Mines Limited's June 2001 Quarterly Report.... ASX Announcement
FORM 284 - NOTIFICATION OF SHARE CANCELLATION
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
FORM 284
NOTIFICATION OF SHARE CANCELLATION...
TYPE OF SHARE BUY-BACK
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
COMPLETION OF NEW CELEBRATION GOLD MINE PURCHASE
The Company advises that the unconditional purchase of the New Celebration Gold Mine from Newcrest Mining Limited has been completed.... ASX Announcement
AMENDED FOURTH QUARTER CASHFLOW REPORT (24/7/01)
... Name of entity Jubilee Mines NL ASX Announcement
OIL ENCOUNTERED AT SPRING GROVE
Mosaic Oil has commenced work at the Spring Grove field discovery it announced on July 2001.... Work completed so far indicates a 12-metre interval of net pay in a gross hydrocarbon column of 16-metres. Oil has flowed from this interval into the well bore, forming a 900-metre column of oil in the steel casing and tubing. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... Pima Mining NL's wholly owned subsidiary, SAMAG Limited ("SAMAG") is rapidly moving into the financing stage with the aim of achieving Financial Close prior to year end for its proposed 65,000 tonnes per annum magnesium metal project. ASX Announcement
UPDATE ON EAGLE OIL/GAS DEVT OPERATIONS CALIFORNIA
Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.... Current operations at 1600 hours WST (California) is reaming and conditioning to bottom of hole inclusive of wiper trips in preparation of commencement of drilling in the next few hours from 4,320 metres a horizontal leg of up to 300 metres in length in the Lower Gatchell Sandstone's best porosity and oil saturation pay zone. Following drilling of this zone, the 300 metre section inclusive of the 75 metre interval from 4,245 metres to present 4,320 metres depth, will be logged before being cased for testing. ASX Announcement
DRILLING REPORT ON EAGLE NO. 1
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the current operation is conditioning the well bore with reaming and a wiper trip prior to continuing drilling of the horizontal well bore in the primary Second Gatchell oil zone. ASX Announcement
APPENDIX 3B - WORKING CAPITAL
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
CAP CANCELLATION
ASX MARKET RELEASE... Announcement No 3A179166 was released on 30 July 2001 under the ASX code ZEL, Zeolite Australia Limited, with the header "Appendix 3B - Pursuant to exercise of options" ASX Announcement
COMMITMENTS TEST ENTITY - FOURTH QUARTER REPORT
... Name of entity Genetic Technologies Limited ASX Announcement or COMPANY WEB SITE
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
... Name of entity Argosy Minerals Inc ASX Announcement
BOARD CHANGES
PRESS RELEASE... Mr Anin is a professional banker and solicitor with over thirty years' experience in banking, financial management, analysis and consulting in the public and private sectors. He was until December 2000 the founder, Chief Executive Officer and Chairman of the Board of Directors of City Savings and Loans Company Limited in Ghana. He is currently a director of the Bank of Ghana. ASX Announcement
AWE/CALENERGY & ORIGIN ENERGY SIGN GAS SALES AGREEMENTS
MEDIA RELEASE... Separate Gas Sales Agreements ("GSAs) have been signed between Origin Energy Retail Limited ("Origin), Australian Worldwide Exploration Limited ("AWE") and CalEnergy Gas (UK) Ltd, a wholly-owned subsidiary of MidAmerican Energy Holdings Company ("CalEnergy"), to supply approximately 10% of Victoria's current consumption. ASX Announcement
APPENDIX 3F - FINAL SHARE BUY-BACK NOTICE
... Name of Entity Energy Developments Limited ASX Announcement
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK)...
Name of Entity
Energy Developments Limited
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
We enclose Eromanga Hydrocarbons NL Mining Exploration Entity Report for the quarter ended 30 June 2001 and would advise that during that period Eromanga:... Soil samples collected but not assayed by a previous tenement holder of the present area of Exploration License Application 4545 "Creswick" were submitted for assay returning for two samples anomalous gold values. Additional samples are available from the same source. Granting of this license is presently proceeding through the process of negotiation of an Indigenous Land Use Agreement with the local Native Title Group. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * Diamond drilling on the Company's wholly owned Mupane Prospect has confirmed that the high grade Area 1 gold shoot continues to depth. New drill hole intersections include 34 metres @ 5.7 g/t gold from 171 metres, 37 metres @ 3.2 g/t gold from 175 metres and 23 metres @ 3.7 g/t from 176 metres. ASX Announcement
TRADING HALT
... The securities of Hardman Resources NL (the "Company") will be placed in pre-open pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Wednesday, 1 August 2001 or when the announcement is released to the market. ASX Announcement
APPENDIX 4B ATTACHMENT - 30 JUNE 2001
INDUSTRY GOLD INDUSTRY CONSOLIDATED
SEGMENTS CURRENT PREVIOUS CURRENT PREVIOUS
PERIOD CORRESPONDING PERIOD CORRESPONDING
PERIOD PERIOD
AS RESTATED AS RESTATED...
/pre>
ATTACHMENT TO SECOND QUARTERLY PRODUCTION REPORT
ATTACHMENT TO SECOND QUARTER PRODUCTION REPORT TO 30 JUNE 2001...
PRODUCTION AND FIRST HALF SECOND FIRST FIRST HALF
FINANCIAL DATA 2001 QUARTER QUARTER 2000
2001 2001 RESTATED
MINE
Ore mined kt 4,530 2,183 2,347 5,184
OIL AT SPRING GROVE SURAT BASIN QLD
Work has commenced to complete the Spring Grove new field discovery announced on 9th July 2001. Two intervals have been perforated 1925.3- 1932.7 metres and 1936.2 - 1941.0 metres. Oil has flowed into the well bore but not to surface. There is a 900 metre column of oil in the well bore. Testing will continue to determine the oil properties and the rate of influx from the reservoir. Operations are being affected by extremely wet ground conditions. Further information will be released as soon as possible. ASX Announcement
PRELIMINARY FINAL REPORT
... Name of entity Minerals Corporation Limited ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * All assay results from the Khanong copper deposit drilling were received and resource modelling commenced. The last hole drilled at Khanong (infill hole KHN 187) reported a spectacular 73m @ 5.2% copper from surface including 26m @ 12.3% copper. ASX Announcement
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK)...
Name of Entity
Petroz NL
APPENDIX 3B - EXECUTIVE SHARE PLAN
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
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| All Ords | 3240.5 |
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Dow Jones | 10,416.67 |
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| ASX200 | 3292.0 | +8.6 | S&P 500 | 1205.82 | +2.89 | |
| All Resources | 1437.8 |
|
Nasdaq | 2029.07 |
|
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| All Mining | 653.8 |
|
Gold - spot/oz | US$267.00 |
|
|
| All Gold | 802.8 |
|
Silver - spot/oz | US$4.21 |
-0.02 | |
| AGC Explorers | 593 | na | Platinum - spot | US$498.00 | -7.00 | |
| Energy | 1630.7 |
|
Palladium - spot | US$445.00 |
|
|
| All Industrials | 5585.8 |
|
Bridge CRB Futures Index | 203.70 |
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|
| FTSE 100 | 5403.1 | +117.0 | Crude Oil (NYMEX) | US$27.02 | +0.29 | |
| Nikkei | 11,798.08 | -60.48 | Copper (spot $US/tonne) | US$1484 |
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| Hang Seng | 12,182.17 | +142.35 | Lead (spot $US/tonne) | US$492 |
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| A$ = US50.79c |
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Zinc (spot $US/tonne) | US$844 |
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| A$ = 62.75yen |
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Nickel (spot $US/tonne) | US$5640 |
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| A$ = 0.580euro |
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Aluminium (spot $US/tonne) | US$1384 |
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| US 30-Year Bond |
5.096% | -0.054 | Tin (spot $US/tonne) | US$4135 |
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PROGRESS REPORT ON EAGLE NO.1
Lakes Oil NL has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that the Eagle-1 well is currently running back into the hole to continue drilling of the horizontal well bore in the primary Second Gatchell oil zone. ASX Announcement or COMPANY WEB SITE
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * Aquarius receives US$39 million following a return of capital from Kroondal ASX Announcement
CHANGE IN SUBSTANTIAL HOLDING FROM IGM
IGM Group Limited increased its relevant interest in Anzoil NL on 27/07/2001, from 8,465,000 ordinary shares (7.74%) to 21,500,000 ordinary shares (19.89%).... ASX Announcement
AGREEMENT WITH NGC TO MODIFY GAS ARRANGEMENTS
MEDIA RELEASE... Contact Energy and Natural Gas Corporation (NGC) announced today that they have agreed to amend the terms of a gas supply agreement between the companies. The agreement allowed Contact to purchase up to 10 Petajoules of gas per year from NGC up until 2007. Under the agreement Contact was obliged to pay an annual commitment fee, and a pre-defined price for gas actually taken. The agreement was acquired by Contact as part of its purchase of the Orion gas customers during 2000. ASX Announcement
DRILLING REPORT - OYONG-2 & SE GOBE-10
OYONG-2 WELL - INDONESIA... Oyong-2 is located approximately 125 metres north of the Oyong-1 discovery well and is designed to appraise the gas and oil zones penetrated in the Oyong-1 well and to drill the deeper Wonocolo and Ngrayong primary objectives that could not be reached in Oyong-1. ASX Announcement
APPENDIX 3B - EXERCISE OF EMPLOYEE OPTIONS
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
HIGHLIGHTS... * Nido Petroleum took delivery of an additional 1,330 square kilometres of 3D seismic data in the NW Palawan Basin. This brings the total 3D seismic coverage to 2,250 square kilometres, and provides Nido with one of the largest seismic databases in the basin. ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Norwest Energy NL ASX Announcement
APPENDIX 3B - CONVERTIBLE NOTE CONVERTED TO SHARES & OPTIONS
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
APPENDIX 3B - CONVERSION OF CONVERTIBLE NOTE TO ORD.SHARES
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK)...
Name of Entity
Sons Of Gwalia Limited
RESULTS OF MEETING
With respect to the Notice of Meeting dated 27 July 2001, all resolutions proposed therein put to the meeting were passed on a show of hands. Resolution 4(a), being the issue of options to Mr Timothy Mainprize, was not put to the meeting as Mr Timothy Mainprize had resigned as a director of Striker subsequent to the date of the Notice of Meeting. ASX Announcement
FURTHER RE: APPENDIX 3B - 3/7/2001
Further to the Appendix 3B "New Issue Announcement" dated 3 July 2001 relating to the issue of 8,312,500 new shares at 4 cents each on 29 June 2001 we now advise that the placement of 1,000,000 of those shares did not proceed and that the $40,000 cash subscription was not received. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
DISCLOSURE DOCUMENT
A 1 FOR 8 NON-RENOUNCEABLE ENTITLEMENT ISSUE CLOSING 5.00PM WST ON 31 AUGUST 2001... For a pro-rata non-renounceable issue of up to approximately 57,061,422 New Shares, assuming the prior exercise of all options currently on issue, at an issue price of three (3) cents per New Share together with up to 57,061,422 Attaching Options. Each Attaching Option is exercisable at 10 cents on or before 31 May 2005. ASX Announcement
SHARE ALLOTMENT UNDER EMPLOYEE SHARE ACQUISITION PLAN
The Directors of Straits Resources Limited (ASX Codes: SRL and SRLG) advise that 106,200 ordinary shares were allotted to employees on 26 July 2001, in accordance with the Employee Share Acquisition Plan detailed in the Appendix 3B announced on 29 June 2001. The price attributable to the shares is $0.54 each. ASX Announcement
AGINCOURT-5 UPDATE
In accordance with Listing Rule 3.1, Tap Oil Limited ("Tap") provides the following update on the Agincourt-5H well which commenced drilling at 01.30 hours on 17 July 2001.... The Agincourt-5 well encountered an oil column in the southern part of the Agincourt structure, however, a commercial volume was not present. Consequently, the Agincourt-5 well was plugged back and sidetracked, and a new deviated well Agincourt-6 was drilled to intersect the northern part of the structure 700 metres to the northeast to a total depth of 3,535 metres MD (1,872 metres TVD). An oil column of 6.1 metres thickness was intersected at the top of the Flag sandstone reservoir at a depth of 1,859 metres TVD. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
As the Company continues to hold some mining tenements, notwithstanding its classification as an industrial Company, we enclose a summary of exploration activities in accordance with Listing Rule 5.1. ASX Announcement
EXTENSION OF THE OFFER PERIOD FOR THE UNION ZINC LTD IPO
Union Capital Limited ("Union") advises that Union Zinc Limited ("Union Zinc") has lodged a Supplementary Prospectus with the ASIC extending the offer period for the Union Zinc Initial Public Offering ("IPO") until 7 September 2001, or such earlier time as the offer is completed. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
QUARTERLY REPORT WESTERN AUSTRALIAN DIAMOND TRUST (WADT) FOR THE THREE MONTHS ENDED 30 JUNE 2001... ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
OVERVIEW... The Company continued to work towards a rationalisation of its projects during the quarter and to seek business opportunities to compliment its existing mining business. ASX Announcement
RENAISSANCE CAPITAL LTD`S NOTICE OF RESCISSION - GENERAL MTG
Reference is made to the notice dated 13 July 2001 by Renaissance Nominees No 1 Pty Ltd ACN 095 767 043 requisitioning a general meeting of members of Western Metals Limited ACN 009 150 618 pursuant to section 249D of the Corporations Law. ASX Announcement
ANNOUNCES GO-AHEAD FOR ARGENTINE PROJECT
Australian Worldwide Exploration Limited is pleased to announce on behalf of its wholly-owned subsidiary AWE Argentina Pty Limited ("AWE") that the development of its Las Bases and Estancia el Colorado gas fields (the "Fields") in the Neuquen Basin, Argentina is proceeding and commercial terms for gas sales have been agreed. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
REPORT FOR QUARTER ENDED JUNE 30, 2001. A S E LISTING REQUIREMENT 3(B)5... Bligh derives oil and gas Production from its 1.62% working interest in the TAWN Joint Venture, Taranaki Basin, New Zealand and from its Bayou Choctaw project in Louisiana, United States. Production net to Bligh from these projects is approximately 50 barrels of oil per day and 0.4 million cubic feet of gas per day. ASX Announcement
ILU`S LETTER TO CRT SHRHLDRS.- OFFER DECLARED FINAL
Iluka has informed Australian Stock Exchange that its offer price for Consolidated Rutile Limited (CRL) shares is final.... ASX Announcement
DELIVERS IMPRESSIVE $12.51M ANNUAL PROFIT
MANGANESE GROUP POSTS SUBSTANTIAL PROFIT INCREASE, REWARDS SHAREHOLDERS... WA-based manganese producer Consolidated Minerals Ltd (ASX: CSM) has reaffirmed its growth credentials with the announcement of an impressive $12.51 million unaudited full-year net profit while at the same time rewarding shareholders with a maiden 2.25 cents unfranked dividend payable in September of this year. ASX Announcement
APPENDIX 3C - ANNOUNCEMENT OF BUY-BACK
... Name of Entity Energy Developments Limited ASX Announcement
RESULTS OF EGM & UPDATE
The Company is pleased to advise that shareholders yesterday approved the resolutions for the change of name to Xcell Diagnostics Limited and in addition approved the sale of the Company's Julia Creek Oil Shale tenement interests. Application for the change of name is now underway. ASX Announcement
PROGRESS DRILLING REPORT COURBINE-1A WELL
Hardman Resources NL provides the following progress report for the drilling of the Courbine-lA well offshore Mauritania.... ASX Announcement
QUARTERLY UPDATE FOR 3 MONTHS ENDED 30/6/01
The Directors of Horizon Energy Investment Management Limited ("HEIML"), the manager for Horizon Energy Investment Group ("Horizon"), today released the quarterly update for the three months ended 30 June 2001. ASX Announcement
1:3 NON-RENOUNCEABLE ISSUE
The Directors of Kanowna Consolidated Gold Mines Ltd announce a non-renounceable offer to be made to shareholders of one (1) ordinary fully paid share at 15 cents each with a free attaching 30 November 2004 option. ASX Announcement
AMENDMENT TO EARLIER ANNOUNCEMENT - INCREASED GRADE
Kimberley Diamond Company NL (ASX: KIM) today reported that it had recovered 525 diamonds weighing 84.16 carats from a 184 tonne bulk sample.... ASX Announcement
BULK SAMPLE YIELDS 525 DIAMONDS
MEDIA RELEASE... "Of particular interest is the high grade of the tuffs, underlying the earlier sample where 100.77 tonnes of tuff material yielded 236 diamonds weighing 29.27 carats for a grade of 29 cpht," said Kimberley's Chairman, Miles Kennedy. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
... * Shareholders approved acquisition of the Wimbledon Diamond Project near Kimberley in the Republic of South Africa ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
QUARTERLY REPORT 30 JUNE 2001... * Project development approved by Philippines Government. The Government of the Philippines has issued an Environmental Compliance Certificate for the Company's Rapu Rapu project thereby enabling development of the project to proceed. ASX Announcement
NOTICE OF GENERAL MEETING&OTHER MATERIAL DESPATCHED TO S/HLD
NOTICE is hereby given that a General Meeting of Shareholders of Monto Minerals NL will be held at 11.00am on 28 August, 2001 at the offices of Monto Minerals NL, Level 1, 109 Upton Street, Bundall, Queensland. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
CORPORATE DEVELOPMENT... The general meeting of MSC held on 25 May 2001 unanimously approved the MSC partial takeover of QKL thereby providing MSC with 86.1% equity control over QKL's Skardon River Kaolin project. It is the intention of MSC to increase its interest in QKL as opportunities arise. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
SUMMARY OF THE QUARTER... Estimates of ultimate proven and probable reserves on the Langsa TAC fields are 33.5 million barrels of oil. Production is planned at an initial rate of up to 10,000 barrels of oil per day using a Floating Production, Storage and Offloading (FPSO) facility. ASX Announcement
UPDATE ON EAGLE/OIL GAS DEVT OPS CALIFORNIA
Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.... Current operations at 1600 hours WST (California) is running in hole to bottom (4,320 metres) to commence drilling in the next few hours a horizontal leg of up to 300 metres in length in the Lower Gatchell Sandstone's best porosity and oil saturation pay zone. Following drilling of this zone, the 300 metre section inclusive of the 75 metre interval from 4,245 metres to present 4,320 metres depth, will be logged before being cased for testing. ASX Announcement
PRE-FEASIBILITY STUDY CONFIRMS VERY POSITIVE OUTLOOK
Union Capital Limited ("Union") is pleased to announce that the
Pre-Feasibility Study for the Mehdiabad Zinc Project in central Iran
has been completed, with an extremely encouraging outlook for the
Project clearly defined.
Key results of the study include the following:...
* The Project is extremely attractive economically and is robust even
at today's depressed zinc price;
DRILLING REPORT ON EAGLE NO.1 DRILLING OPERATIONS CONTINUED
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the current operation is running back into the hole to continue drilling of the horizontal well bore in the primary Second Gatchell oil zone. ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
Highlights for the quarter include:... Significant gold intersections from exploration at the Company's Nullagine tenements during the quarter. ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Bemax Resources NL ASX Announcement or COMPANY WEB SITE
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * Recent developments in the Democratic Republic of Congo ("DRC") continue to improve the political risk situation and encourage the Company to begin the pre-implementation work on the development of the Dikulushi project. ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * Discussions continue with a number of potential partners following the completion of an international roadshow last quarter and are expected to be finalised by year-end. ASX Announcement
SUSPENSION FROM OFFICIAL QUOTATION
ASX MARKET RELEASE... The securities of New Hampton Goldfields Limited will be suspended from quotation from the commencement of trading on Friday, 27 July 2001 following the despatch of compulsory acquisition notices by Harmony Gold (Australia) Pty Ltd on 20 July 2001. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
EDJUDINA, WESTERN AUSTRALIA (PACIFIC ENERGY LIMITED (90%))... I D Elvy COMPANY SECRETARY ASX Announcement
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK)...
Name of Entity
Petroz NL
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK)...
Name of Entity
Sons Of Gwalia Ltd
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK)...
Name of Entity
Sons Of Gwalia Limited
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| All Ords | 3231.9 |
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Dow Jones | 10,455.63 |
|
| ASX200 | 3283.4 | -35.8 | S&P 500 | 1202.93 | +12.44 | |
| All Resources | 1415.3 |
|
Nasdaq | 2022.96 |
|
|
| All Mining | 648.0 |
|
Gold - spot/oz | US$266.20 |
|
|
| All Gold | 800.4 |
|
Silver - spot/oz | US$4.23 |
+0.01 | |
| AGC Explorers | 593 | na | Platinum - spot | US$505.00 | +2.00 | |
| Energy | 1618.6 |
|
Palladium - spot | US$455.00 |
|
|
| All Industrials | 5582.7 |
|
Bridge CRB Futures Index | 203.72 |
|
|
| FTSE 100 | 5286.1 | +10.4 | Crude Oil (NYMEX) | US$26.73 | -0.11 | |
| Nikkei | 11,858.56 | -33.05 | Copper (spot $US/tonne) | US$1465 |
|
|
| Hang Seng | 12,039.82 | -174.28 | Lead (spot $US/tonne) | US$478 |
|
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| A$ = US50.83c |
|
Zinc (spot $US/tonne) | US$845 |
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| A$ = 62.92yen |
|
Nickel (spot $US/tonne) | US$5720 |
|
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| A$ = 0.579euro |
|
Aluminium (spot $US/tonne) | US$1384 |
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| US 30-Year Bond |
5.150% | -0.009 | Tin (spot $US/tonne) | US$4140 |
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Live Quotes & Charts - Australia |
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24 Hour Spot Gold Price |
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PROGRESS REPORT ON EAGLE NO.1
Lakes Oil NL has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that the Eagle-1 well is currently at a measured depth (MD) of 4,320 metres after drilling into the primary target Second Gatchell oil zone of good porosity and permeability at 4,317 metres MD. ASX Announcement or COMPANY WEB SITE
CHANGE IN SUBSTANTIAL HOLDING FROM CBA
Commonwealth Bank of Australia increased its relevant interest in Macarthur Coal Limited on 24/07/2001, from 6,545,000 fully paid ordinary shares (5.09%) to 8,529,430 fully paid ordinary shares (6.64%). ASX Announcement or COMPANY WEB SITE
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
REPORT FOR THE QUARTER ENDED 30TH JUNE 2001... The royalty received for the quarter to 31st March 2001 was A$394,939 compared to A$538,937 for the previous quarter. Mining occurred mainly under Crown land during the period. ASX Announcement
SHARE CONSOLIDATED
Australian Platinum Mines Limited [ASX:APU] advises consolidation of existing shares and options on a 1 for 2 basis has been completed. The capital structure of the company post consolidation is 18,869,523 ordinary shares on issue and 8,139,502 options. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
SOUTH AUSTRALIAN STEEL AND ENERGY (SASE) PIG IRON PROJECT (AUY 90% interest)... The Whyalla demonstration plant achieved sustained high levels of output and product quality for extended periods from mid May to end June as referred to in previous releases. Early in the June quarter, initial planned trials with lower quality Leigh Creek coal were cancelled due mainly to capacity constraints in the coal drying plant. The furnace was shutdown from 8 April to 13 May for scheduled maintenance and repairs and crew leave. ASX Announcement
NEW OPTION ISSUE/TOP 20 OPTIONHOLDERS
Further to the Company's Prospectus dated 20 June 2001 and the Company's announcement dated 22 June 2001, I advise that the offer of up to 147,139,697 new options with an exercise price of $0.20 by 31 December 2002 closed at 5.00pm on 25 July 2001. ASX Announcement
LETTER TO SHAREHOLDERS RE:CORRECTION TO RECENT ANN.ERROR
You have recently received a communication from this Company regarding the sale of Golden West Refining Corporation Limited's 50% interest in the AGR Joint Venture to Australian Gold Alliance Pty Ltd, dated 18th July 2001. Included with this communication was a letter from Ferrier Hodgson dated 18th June 2001. ASX Announcement
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK)...
Name of Entity
Hallmark Consolidated Limited
SECOND QUARTER ACTIVITIES REPORT
OVERVIEW... * Net profit for the June quarter was $10.27 million (8.22 cents per share) and a profit of $24.22 million (19.38 cents per share) for the first six months of 2001. This compares with a net loss $11.65 million in the previous June quarter and a net loss of $11.22 million in the first half of 2000. ASX Announcement
MT GARNET ZINC PROJECT - KING VOL DRILLING RESULTS
The current drilling programme is continuing to expand the Eastern Zone Mineralisation at the King Vol deposit with KVD 42 today intersecting a 6.41 metre wide zone of high grade zinc mineralisation within a 9.25 metre wider zone of mineralisation. The mineralisation in KVD42 is located 55 metres vertically above the previously announced 4.24 metres grading 19.29% zinc in hole KVD41 online 5100N. ASX Announcement
DIRECTOR APPOINTMENT
BOARD CHANGES AT LION SELECTION GROUP... Lion Selection Group Limited announces the appointment of Mr Graham Freestone as a non executive director. Mr Freestone replaces Mr Malcolm MacNaught who has retired after completing four years service to the Company as planned. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * commissioned starting with water circulation on 3 May 2001 and then progressively with other equipment and process loops during May and June; ASX Announcement
BEHARRA SPRINGS NORTH 1 PROGRESS REPORT W.A.
Origin Energy Resources Limited* as Operator, advises that the exploration well Beharra Springs North 1 was drilling ahead at 2740 mRT in the Eneabba Formation at 6:00am WST on Thursday, 26 July 2001.... Beharra Springs North 1 is located in Production Licence L11 in the onshore Perth Basin, Western Australia. The well is located on a previously undrilled structural closure, approximately 3.5km north of the Beharra Springs gas plant. ASX Announcement
CORRECTION - SECOND QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * Operating revenue from oil and gas sales rose to US$31.21 million during the quarter ending 30 June 2001, an increase of 24% on the previous reporting period. These results were based on higher production and an increase in realised oil prices during the reporting period. ASX Announcement
CHANGES TO BOARD OF DIRECTORS
Pasminco Limited advises that Mr David Brydon has retired from the Board of Directors with effect from today. Mr David Macfarlane has also advised of his intention to retire as a Director with effect from the conclusion of the company's annual general meeting on 31 October 2001. ASX Announcement
CORRECTION - ACTIVITY UPDATE
SUMMARY... * Development drilling and preparations for Extended Well Testing ("EWT") continue on schedule at the Kyle and Chestnut oil fields respectively in the UK North Sea. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
ACTIVITY UPDATE... * Development drilling and preparations for Extended Well Testing ("EWT") continue on schedule at the Kyle and Chestnut oil fields respectively in the UK North Sea. ASX Announcement
AMENDED FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS:... * Record Gold Production from Meekatharra Gold Operations (Production of 147,063 oz for year) (Quarterly gold production of 31,216 oz) ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Sub-Sahara Resources NL ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
QUARTERLY ACTIVITIES REPORT QUARTER ENDED 30th JUNE 2001... The company completed its change of name to Sub-Sahara Resources NL and concluded the friendly takeover of Universal Gold NL. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 235 of the Corporations Law... ASX Announcement
COMMITMENTS TEST ENTITY - FOURTH QUARTER REPORT
TELECOMMUNICATIONS... Sixty percent owned ShieldTel subsidiary, Layer 2 Communications Group Ltd ("Layer 2"), is acquiring a 2.7% stake in the Asia Pacific Cable Network 2 ("APCN 2") along with 41 other participants, including major regional and international carriers. APCN 2 is a 19,000km subsea fibre optic cable being laid to connect 10 major cities in 8 countries in Asia. While Layer 2's equity is similar to many of the large Telcos, it will be one of a handful of independent companies who will focus on supplying capacity from APCN 2 to other telecommunications carriers rather than servicing their existing retail and business clients. ASX Announcement
WEEKLY DRILLING SUMMARY
WEEK ENDING 26TH JULY 2001... Location: Queensland ATP 259P, Wareena Block, 13.6km NW of Ramses 1, 31km NE of Barrolka East 1 and approximately 80km NNE of the Ballera Gas Centre.
APPOINTMENTS- GENERAL MANAGER EXPLORATION & DRILLING
Santos is pleased to announce the appointments of Mr Jacques Gouadain to the role of General Manager Exploration and Mr Frank L Jones to the position of General Manager Drilling.... He commenced his career as a field geologist with Aquitane (Elf) in 1962 before moving with Gulf Oil to West Africa. In 1973 he joined TOTAL where he worked in the oil and gas provinces of India, Norway, Angola, Argentina, Thailand, Indonesia and Kuwait. ASX Announcement
SUB.INCREASE IN RESOURCES FOR THE MEHDIABAD ZINC PROJECT
Union Capital Limited ("Union") is pleased to advise that resource estimates at the Mehdiabad Zinc Project in central Iran have been substantially increased following a resource review undertaken by independent consultants SRK Consulting ("SRK"). ASX Announcement
PLANNED 2001/2002 DRILLING SCHEDULE
Please find attached Victoria Petroleum NL's updated "Planned 2001/2002 Drilling Schedule". The timing of the drilling of each well and the Victoria Petroleum NL interest in each well and permit is subject to rig and lease availability, farmout and government approval to drill. ASX Announcement
HIGH GRADE PLATINUM-PALLADIUM INTERSECTED IN SULPHIDES
Preliminary assay results have been received from hole GSM-06, one of 24 RC holes drilled vertically in a 510m programme to test for platinum group metals (PGMs) at the Mulga Springs prospect within GCR's 100%-owned Broken Hill property. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement or COMPANY WEB SITE
DRILLING RESULTS-2ND STAGE WONORAH PHOSPHATE JV
A second stage drilling programme comprising 71 reverse circulation (RC) drill holes totalling 3351m has been completed by joint venture partner, Rio Tinto, at Wonarah on EL's 9976, 22167 and 22168. The Wonarah Phosphate project is located 240km east of Tennant Creek in the Northern Territory. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
EXPLORATION... During the quarter, a geological review of the historical exploration data was completed. The exploration review was part of a process to identify and prioritise exploration targets for a comprehensive Rotary Air Blast ("RAB") drilling programme planned to commence during August 2001. ASX Announcement
CHANGE IN SUBSTANTIAL HOLDING
Tower Trust Limited decreased its relevant interest in ARC Energy NL on 05/07/2001, from 8,905,215 ordinary shares (6.50%) to 7,298,881 ordinary shares (5.33%).... ASX Announcement
RAISES A$55M - RIGHTS OFFER COMPLETED
AuIron Energy advises that the recent 1 for 4 Rights Offer at 85 cents or 31.25 pence sterling per share has been successfully completed, raising approximately A$55 million gross before costs.... The issue was fully underwritten by Old Mutual Securities of the UK with sub-underwriting, mainly from institutions. The number of new shares issued was 65,157,846 raising the total number of issued shares to 326,539,232. ASX Announcement
AWE & HARDMAN SIGN AGREEMENT TO EXPLORE IN WESTERN AUSTRALIA
Australian Worldwide Exploration Limited, on behalf of its wholly-owned subsidiaries ("AWE"), is pleased to advise it has entered into an agreement with Hardman Oil & Gas Pty Ltd, a wholly-owned subsidiary of Hardman Resources NL ("Hardman"), to explore for oil and gas in the Perth Basin, onshore Western Australia. ASX Announcement
BROWNS PROJECT - EXPANSION OF EXPERT MGT DELIVERY CAPABILITY
MEDIA RELEASE... Mr George Macdonald, the newly appointed CEO of Compass Resources NL, has announced a number of key management appointments to deliver the Browns Project. The Company is delighted to confirm Mr Bill Mackenzie has accepted the position of Browns Project Manager. Mr Neil Cusworth and Enthalpy Pty Ltd will provide facilitation services to the Project. ASX Announcement
APPENDIX 3B - EXERCISE OF OPTIONS
The Directors of Consolidated Minerals Limited ("Company") advise that the Company has received Notices of Exercise of Options for 180,900 options at 20 cents each. Accordingly, the Directors of the Company advise that they have resolved to allot a total of 180,900 ordinary fully paid shares. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
TECHNICAL REPORT FOR QUARTER ENDING 30TH JUNE, 2001... JV partner Thundelarra Exploration Ltd report that a 4 hole reverse circulation diamond drilling program totalling 579.5 metres was conducted to test the southern extension of the main Rothsay reef. Results are tabled below. ASX Announcement
APP 3B - SETTLEMENT OF TERMINATION OF EMPLOYMENT LIABILITY
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
HIGHLIGHTS... - Gold sales of 41,635 ounces for the quarter, resulting in gold sales of 83,164 ounces, at a cash cost of $282 per ounce for the first half. ASX Announcement
ACQUIRES ADDITIONAL EXPLN.INTERESTS NEAR WOODADA GAS FIELD
Hardman Resources NL is pleased to advise that it has signed a Farmin Agreement with Australian Worldwide Exploration Limited ("AWE") to acquire additional interests in Exploration Permits EP368 and EP413, onshore Western Australia. Both permits are located close to the producing Woodada Gas Field. Hardman had previously acquired a small interest in the permits when it purchased the Woodada Field and associated gas production facilities on 25 June 2001. ASX Announcement
PROGRESS DRILLING REPORT-COURBINE 1-A WELL
Hardman Resources NL provides the following progress report for the drilling of the Courbine-1A well offshore Mauritania.... ASX Announcement
ACQN.OF THE MUNNI MUNNI EXTENDED PROJECT NOT TO PROCEED
The Directors of Hillcrest Resources Limited have resolved not to proceed with the acquisition of the Munni Munni Extended Project as announced to ASX on 28 May 2001.... ASX Announcement
FORM F-4 LODGED WITH NEW YORK STOCK EXCHANGE ON 20/07/01
LETTER FROM MALLESONS STEPHEN JAQUES, SOLICITORS... As required by the Listing Rules, on behalf of our client Homestake Mining Company, please find enclosed the Form F-4 which was filed by Homestake Mining Company with the New York Stock Exchange on 20 July 2001. ASX Announcement
BYNOE TANTALITE PROJECT - LATEST RESULTS
Following on from recently reported results in the June Quarterly Report, the company has now received results from first pass RC drilling on two prospects at Leviathan (Bynoe-NT). This shallow drilling on 25 to 50 metre spaced traverses was the first program to systematically test two, of at least 25 tantalite bearing pegmatites within a 20 square kilometre area. All results from Labelle, the first pegmatite drilled, were released in the June Quarterly. Labelle is situated 30km south of the Leviathan pegmatites. ASX Announcement
DECLARATION OF DIVIDEND NO. 43
The Directors are pleased to announce the declaration of a fully franked dividend as follows:... Gold production ceased on 11 July 2001. However, revenues from gold sales and the sale of plant and equipment have been higher than anticipated and, as at today's date, the Company has $41,955,000 on deposit. The Company continues to study the most efficient way of distributing the balance of the cash after meeting its financial obligations for redundancy payments and rehabilitation. Mine rehabilitation and decommissioning is ongoing. ASX Announcement
PROGRESS REPORT - BULA FIELD - DEVELOPMENT WELL 72K-4
Kalrez Energy Ltd advises that its wholly owned subsidiary Kalrez Petroleum (Seram) Limited as operator of the Bula Block Production Sharing Contract on Seram Island in Eastern Indonesia is continuing drilling of development well 72K-4, which spudded at 09:30 hours WIT (Western Indonesian time) July 20th 2001. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
... Name of entity Mount Conqueror Minerals NL ASX Announcement
APPENDIX 3B-PURSUANT TO SALE & RELATIONSHIP AGREEMENT
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
APPENDIX 3B - FOR WORKING CAPITAL
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
PL 101 PEAT 31 UPDATE
Oil Company of Australia Limited advises that:... Peat No 31, a coal seam methane development hole, is situated approximately 660 metres south east of Peat 03, latitude 26deg, 01 min, 16.23sec, south, longitude 150deg, 05min, 56.91sec, east. The well was spudded at 15:00 hours on July 25, 2001. At 06:00 hours today the well was at a depth of 106 metres and the rig was waiting on cement. 245mm surface casing was set at 101.5 metres RT. Progress for the week was 106 metres. ASX Announcement
VICTORIAN ELECTRICITY OFF-PEAK TARIFFS
Following is a copy of a Media Release issued in response to an announcement by the Minister for Energy and Resources regarding Electricity Off-Peak Tariffs.... Over the last 12 months, Origin Energy has held discussions with Government on increasing prices for loss-making off-peak electricity tariffs. In May, a proposal was made to commence increasing these tariffs to profitable levels. ASX Announcement
CANCER VAC LTD RECOMMENDED STAGE 1OF ITS PHASE 1 HUMAN TRIAL
PRESS RELEASE... Prima Biomed Ltd, which recently resumed trading on the Australian Stock Exchange (ASX Code - PRR), is pleased to announce that its subsidiary biotechnology company Cancer Vac Ltd has commenced Stage 1 of its Phase I human clinical trial. This trial has been designed to evaluate Cancer Vac's technology in the field of Cancer Immunotherapy and specifically to show toxicity profiles and immune responses in cancer patients. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
QUEENSLAND... Pump testing to dewater the Lawton 1 well (Petroleum Lease Application 171) drilled by Queensland Gas Company Ltd is continuing and the same operation is ready to commence on the Trafalgar 1 well in Authority to Prospect 465P. Dewatering of coal seam gas wells is necessary to reduce pressure thus enabling the adsorbed gas to flow into the well bore. ASX Announcement
UPDATE ON EAGLE OIL/GAS DEV. OPERATIONS CALIFORNIA USA
Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.... Current operations at 1600 hours WST (California) is completing operations to free pipe to replace failed mud motor to drill ahead in horizontal hole from 4,320 metres. Pipe was being run into hole Tuesday night in preparation of drilling ahead but before getting to bottom new mud motor failed, sticking pipe at 4,143 metres. ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS...
Perdevlei: Large diameter drilling completed on kimberlite
pipe.
Variable grades reported from drill holes.
Results being audited by De Beers.
DIRECTOR APPOINTMENT
The Company is pleased to announce that Mr Ross Kestel has been appointed as a Non-Executive Director of the Company and all its subsidiaries, effective immediately.... ASX Announcement
DRILLING REPORT ON EAGLE NO.1 CALIFORNIA USA
DRILLING REPORT ON EAGLE NO 1, EAGLE OIL POOL DEVELOPMENT PROJECT, SAN JOAQUIN BASIN, CALIFORNIA, USA - PRIMARY OBJECTIVE OIL ZONE INTERSECTED... Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a measured depth (MD) of 4,320 metres after drilling into the primary target Second Gatchell oil zone of good porosity and permeability at 4,317 metres MD. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
KEY SUMMARY... * Quarter cash costs of A$418 per ounce with revenue of A$482 per ounce ASX Announcement
CONVERSION PRICE OF 13-3/8% CONV SENIOR SUB NOTES
Coeur d'Alene Mines Corporation (NYSE: CDE) announces that the conversion price of its 13-(3/8)% Convertible Senior Subordinated Notes (the "13-(3/8)% Notes") was fixed at $1.35.... Coeur commenced an offer on June 29, 2001 to exchange its 13-(3/8)% Notes for up to $129,632,000 aggregate principal amount of the Company's outstanding 7-(1/4)% Convertible Subordinated Debentures due October 31, 2005 and 6-(3/8)% Convertible Subordinated Debentures due January 31, 2004, and up to $6,524,000 aggregate principal amount of the Company's outstanding 6% Convertible Subordinated Debentures due June 10, 2002 (the "Exchange Offer"). In addition, the Company has offered to sell up to $25,000,000 of the 13-(3/8)% Notes for cash (the "Cash Offer"). As previously announced, the Exchange Offer and Cash Offer are scheduled to expire on July 27, 2001, unless extended. ASX Announcement
CHANGE IN SUBSTANTIAL HOLDING
M&G Investment Management Ltd, M&G Ltd, M&G Group Ltd and Prudential plc increased its relevant interest in Delta Gold Limited on 24/07/2001, from 16,344,944 ordinary shares (6.11%) to 19,114,129 ordinary shares (7.14%). ASX Announcement
DIRECTOR RESIGNATION
Pursuant to listing rule 3.16.1, I advise that Mr Ryoji Shimizu has resigned as a director of Henry Walker Eltin Group Limited. Mr Shimizu will be leaving Australia to take up a new assignment with his current employer Toyota Tsusho in Thailand. ASX Announcement
DECLARES OFFER FOR CRL FINAL
Iluka Corporation advises that its offer price for Consolidated Rutile Limited (CRL) is final and will not be increased.... Iluka Managing Director Malcolm Macpherson said today that the Company had seen no evidence to justify an increase in the offer price for CRL shares. ASX Announcement
SIGNIFICANT DISCOVERY AT CHURCHIE 1
Electric logging of the Churchie No 1 well has been completed. The decision has been made to case the well with 7 inch casing and conduct production testing with a light rig as soon as possible.... ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
CORE GOLD OPERATIONS DELIVER RECORD QUARTERLY AND ANNUAL PRODUCTION. ONGOING EXPLORATION SUCCESS AT GOSSAN HILL CONFIRMS WORLD CLASS STATUS.... - Gold production, 634,843 ounces (557,531ozs) - total cash cost, $298 per ounce ($312/oz) - average realised price, $572 per ounce ($562/oz) - increased output from Jundee, Bronzewing, Super Pit - initial production from Micas, Ovacik ASX Announcement
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK)...
Name of Entity
Petroz NL
STO SHARES TO BE ISSUED UNDER NGA SCHEMES OF ARRANGEMENT
We refer to the announcement and Appendix 3B lodged by Santos Limited ("Santos") on 9 April 2001, in relation to the three schemes of arrangement between Natural Gas Australia Limited ("NGA") and its security holders, pursuant to which all NGA shares will be transferred to Santos and all outstanding NGA options will be cancelled. ASX Announcement
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| All Ords | 3265.1 |
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Dow Jones | 10,405.67 |
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| ASX200 | 3319.2 | -33.4 | S&P 500 | 1190.49 | +18.84 | |
| All Resources | 1398.8 |
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Nasdaq | 1984.32 |
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| All Mining | 657.7 |
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Gold - spot/oz | US$267.10 |
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| All Gold | 808.3 |
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Silver - spot/oz | US$4.22 |
-0.02 | |
| AGC Explorers | 593 | na | Platinum - spot | US$503.00 | +7.00 | |
| Energy | 1581.7 |
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Palladium - spot | US$459.00 |
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| All Industrials | 5659.5 |
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Bridge CRB Futures Index | 204.57 |
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| FTSE 100 | 5275.7 | -44.5 | Crude Oil (NYMEX) | US$26.84 | +0.53 | |
| Nikkei | 11,891.61 | +8.36 | Copper (spot $US/tonne) | US$1493 |
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| Hang Seng | 12,214.10 | closed | Lead (spot $US/tonne) | US$481 |
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| A$ = US50.74c |
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Zinc (spot $US/tonne) | US$849 |
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| A$ = 62.77yen |
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Nickel (spot $US/tonne) | US$5880 |
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| A$ = 0.577euro |
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Aluminium (spot $US/tonne) | US$1411 |
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| US 30-Year Bond |
5.159% | +0.072 | Tin (spot $US/tonne) | US$4100 |
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CHANGE OF AUDITOR
Electrometals Technologies Limited advises that PricewaterhouseCoopers has resigned as the auditor of the Company, and Ernst & Young have been appointed as new auditor. This change has immediate effect, and Ernst & Young will audit the Company's accounts for the year ended 30 June, 2001. ASX Announcement or COMPANY WEB SITE
PROGRESS REPORT ON EAGLE NO.1
Lakes Oil NL has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that the Eagle-1 well is currently at a measured depth (MD) of 4,320 metres after drilling into the primary target Second Gatchell oil zone of good porosity and permeability at 4,317 metres MD. ASX Announcement or COMPANY WEB SITE
AGL COMMENTS ON NGC`S DECISION TO EXIT ELECTRICITY RETAILING
Managing Director of AGL, Greg Martin commenting today on the decision, by its 66% owned New Zealand subsidiary Natural Gas Corporation Holdings (NGC), to sell its remaining electricity customer base to Genesis Energy, said "This has obviously been a most difficult period for NGC. However from AGL's viewpoint, the remaining businesses in gas transmission, distribution, wholesale and retail natural gas and LPG electricity generation as well as the infrastructure management and services business are performing well and will give NGC a solid basis for the future." ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
CORPORATE... Alliance subsidiary, Alliance Power Conservation Pty Ltd (APC) is developing two energy projects, the Network Power Controller technology announced earlier in the year and the recently announced Secure Power Management system. Both projects relate to energy management in buildings to reduce consumption and costs. APC intends to initially install the technology at building test sites later in the year. ASX Announcement
REINSTATEMENT TO OFFICIAL QUOTATION PRIOR TO TRADING ON 26/7
ASX MARKET RELEASE... The suspension of trading in the securities of Argosy Minerals Inc (the "Company") will be lifted prior to the commencement of trading on Thursday 26 July, following receipt of an announcement concerning a joint venture partner for the Company's Nakety/Bogota project in New Caledonia. ASX Announcement
MAJOR JV PARTNER FOR ITS NAKETY/BOGOTA PROJ IN NEW CALEDONIA
NEWS RELEASE... Argosy is pleased to announce that JSC "MMC Norilsk Nickel" has taken the positive decision to proceed with the Nakety/Bogota Project in New Caledonia by completing the bankable feasibility study leading to the joint development with Argosy and its New Caledonian partner Societe des Mines de la Tontouta (SMT), in the development of the Nakety/Bogota project in New Caledonia. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS FOR THE QUARTER FOR THE PERIOD ENDED 30 JUNE 2001... Gross revenue derived from oil and gas production of US$1,295,069. (last quarter: US$1,394,670). The West Texas Intermediate posted oil price was lower on average, than the previous quarter and ranged from US$25.60 at the start of the quarter, to a high of US$29.98 in May 2001, ending at US$26.26 on 29 June 2001. Hedging contracts with Wells Fargo Bank based on 10,000 barrels per month were in effect during the period. Total hedge costs for the quarter amounted to US$85,260 compared to the previous quarter costs of US$174,290. ASX Announcement
HALF YEARLY REPORT/ASIC HALF YEARLY ACCOUNTS
AUSTRAL COAL FORECASTS $10M OPERATING PROFIT FOR 2ND HALF 2001 FOLLOWING $5M FOR THE HALF-YEAR AS FULL BENEFITS FROM INCREASED PRICES IMPACT... Austral Coal Limited - the second largest producer on the NSW south coast - today forecast a second half pre-tax operating profit of $10 million following an operating profit before tax of $5.272 million for the first half to June 30. ASX Announcement
PLACEMENT OF 5625000 OF SHARES
The Directors are pleased to announce the finalisation of a placement of 5,625,000 ordinary fully paid shares at a price of 80 cents each to raise $4,500,000. The placement was arranged by CIBC World Markets Securities Australia Limited ("CIBC") to institutional and high net worth clients of CIBC and the placement fee payable to CIBC is 5% of funds raised. ASX Announcement
APPENDIX 3B - PLACEMENT
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
BECOMING A SUBSTANTIAL HOLDER & CHANGE IN S/S FROM IGM
IGM Group Limited became a substantial shareholder in Anzoil NL on 15/12/2000 with a relevant interest in the issued share capital of 6,433,385 fully paid ordinary shares (7.51%).... ASX Announcement
CORRECTION TO SECTION 205G NOTICE OF 23/7/01
Further to my fax of 23 July regarding Form 205G Notice of Directors' Interest for Jeffrey William Branson, I confirm that the number of shares stated on page two in section (a) should be 6,050,505 and not 6,20,505 as previously advised. ASX Announcement
$10M BINDULI JV WITH PLACER DOME PROCEEDS TO STAGE 2
Placer Dome Asia Pacific have advised their intention to proceed to Stage 2 of the Binduli Joint Venture and increase their participating interest to 60% with the expenditure of $6 million over five years. Placer Dome anticipates resuming drilling at Binduli on August 1. ASX Announcement
COSTERFIELD EXPLORATION JOINT VENTURE
Directors advise that AGD Mining, operator of the Costerfield Exploration Joint Venture, has completed a further 2 diamond drill holes bringing to 8 the total number of holes. The drilling program is evaluating a high grade gold and antimony system at Costerfield, Victoria. ASX Announcement
RESULTS OF 1:6 NON-RENOUNCEABLE ISSUE
We wish to advise that the one for six non-renounceable rights issue to shareholders at an issue price of 4 cents per share has closed with the following result:... The total raised by the issue including applications for shortfall amounted to $171,741.88. The issue was not underwritten but the shortfall can be issued, at the discretion of the Directors, at an issue price of not less than 4 cents within a period of three months from 18 July 2001, being the closing date of the issue. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * New operating arrangements at Subera have further lowered operating costs; ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
REPORT FOR JUNE 2001 QUARTER... TUMPANGPITU PROSPECT, EAST JAVA Golden Valley Mine's NL 75% - Gold; and ASX Announcement
PROGRESS DRILLING REPORT COURBINE 1A WELL
Hardman Resources NL provides the following progress report for the drilling of the Courbine-1A well offshore Mauritania.... ASX Announcement
CHANGE IN SUBSTANTIAL HOLDING
Forrestania Gold NL increased its relevant interest in Lionore Australia (Nickel) Limited on 23/07/2001, from 102,929,875 ordinary shares (76.24%) to 104,694,846 ordinary shares (77.65%).... ASX Announcement
APPENDIX 3B - FOR WORKING CAPITAL
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
APPENDIX 3B - FOR WORKING CAPITAL
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
REPLACEMENT FOURTH QUARTER CASHFLOW REPORT
... Name of entity Paladin Resources Limited ASX Announcement
APPOINTMENT OF DIRECTOR
The Company has pleasure in announcing the appointment of Richard Lockwood to the Board of Directors. Mr Lockwood has 40 years experience in the financial securities markets in the United Kingdom, Australia and South Africa and is a member of both the Securities Institute (DIP) mid the Society of Mining Analysts in the United Kingdom. In addition, Mr Lockwood holds directorships in City Merchants High Yield Trust Plc, David Williamson Associates Limited and is Chairman of Navan Resources Plc, a company involved in mining activities in Bulgaria and Spain. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
QUARTERLY REPORT FOR THE PERIOD ENDED 30 JUNE 2001... In the March quarter, Petsec entered into agreements with three companies allowing them to bid for five leases with drilling prospects generated by Petsec at the Minerals Management Services (MMS) sale of Federal leases in the shallow waters of the Gulf of Mexico USA, offshore Louisiana. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
NEWS RELEASE... The following results were achieved compared with the 2000 second quarter ASX Announcement
UPDATE ON EAGLE OIL/GAS DEVELOPMENT OPERATIONS
Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.... Current operations at 1600 hours WST (California) is freeing pipe to replace mud motor to drill ahead in horizontal hole from 4,320 metres. Pipe was being run into hole in preparation of drilling ahead but before getting to bottom new mud motor failed, sticking pipe at 4,143 metres. ASX Announcement
APPENDIX 3B - 1:3 NON-RENOUNCEABLE ISSUE
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
LETTER TO SHAREHOLDERS RE 1:3 NON-RENOUNCEABLE ISSUE
NON RENOUNCEABLE PRO RATA SHARE ISSUE TO RAISE UP TO $3.78M... The Directors of Talon Resources NL are pleased to announce that they have today lodged a prospectus with ASIC for a Non Renounceable Pro Rata Share Issue which will allow all shareholders to participate in the funding of the future growth of the Company. ASX Announcement
WALL STREET REPORTER INTERVIEW WITH CEO
Attached is the edited agreed text of an interview with Mr Neill F Arthur, Managing Director and CEO with "Wall Street Reporter", a US financial website. The audio interview will be uploaded to the Company's website: www.auironenergy.com.au. ASX Announcement
APP 3B-ISSUED AS EQUITY PARTICP SHARES UNDER ARTICLE 5A
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
DRILLING TO COMMENCE ON UPPER BETA CREEK
Representatives from Diamond Rose's management and technical teams have had an official Joint Venture technical meeting with technical and management representatives of BHP Billiton. BHP Billiton as managers of the Upper Beta Creek Joint Venture, are responsible for all exploration being carried out on the Upper Beta Creek project. ASX Announcement
BULK TRENCH RESULT YIELDS GRADE OF 65.8 CARATS PER 100TONNES
Kimberley Diamond Company NL (ASX: KIM) is pleased to announce the results from the first sample taken in the major bulk sampling program announced to ASX on Friday, 20 July 2001.... "This is the highest single sample grade ever recorded by us and is an early indication that our decision last week to move to a bigger sample size for determining overall grade, may be well justified," said Mr Kennedy, Kimberley's Chairman. ASX Announcement
COLLOQUI PROVIDES CHATSTACK SERVICES TO THE FARMSHED
Minotaur Gold Ltd (ASX:MNG) announces that its wholly owned subsidiary, Colloqui Pty Ltd has signed an agreement with The FarmShed. The agreement will see the provision of internet-based voice and video communications to Australia's 130,000 primary producers through The Farmshed thus conquering rural Australia's tyranny of distance. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
OVERVIEW... * Monadelphous Group Ltd and Monto Minerals sign Agreement regarding the development of the Goondicum Crater Project. ASX Announcement
TRADING HALT
ASX MARKET RELEASE... The securities of MOSAIC OIL NL (the "Company") will be placed in pre-open, at the Company's request, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Friday, 27 July 2001 or when the announcement is released to the market. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
STRONG FOURTH QUARTER PRODUCTION RESULT... On Friday 20 July, Pasminco announced a significant restructuring of the company designed to solve Pasminco's financial difficulties by refocusing the company on its lead and zinc smelting business. The restructured company will have more stable earnings than in the past and the potential to grow when opportunities arise. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * Platinum search program initiated through database utilisation with applications for 2 tenements. Also Tanami Gold NL reports highly anomalous Pt-Pd results on ground adjacent to another Paladin tenement. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 235 of the Corporations Law... ASX Announcement
APPENDIX 3B-EQUITY PARTICIPATION SHARES UNDER ARTICLE 5A
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
APPENDIX 3B-GEOLOGICAL SERVICES
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
DRILLSTH OFBLACKHILLCONT.TOEXTEND THEMEHDIABADZINCLEAD&SILVE
Union Capital Limited ("Union") advises that very encouraging zinc, lead and silver assay results continue to be reported from drilling, 200 metres south of Hole 8005 at the world class Mehdiabad Zinc Project in central Iran. ASX Announcement
DRILLING REP ON EAGLE NO1-PRIMARYOBJECTIVEOILZONEINTERSECTED
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-l well is currently at a measured depth (MD) of 4,320 metres after drilling into the primary target Second Gatchell oil zone of good porosity and permeability at 4,317 metres MD. ASX Announcement
SUSPENSION FROM OFFICIAL QUOTATION
ASX MARKET RELEASE... The securities of Argosy Minerals Inc (the "Company") will be suspended from quotation immediately, at the request of the Company pending the release of an announcement. ASX Announcement
MOU SIGNED FOR SALE OF MAJORITY STAKE IN COLUMBUS STAINLESS
BHP Billiton Plc (BHP Billiton) today announced the signing of a non-binding Memorandum of Understanding (MOU) between the partners of the Columbus Stainless Steel Joint Venture (Columbus) and the Spanish stainless steel producer, Acerinox SA (Acerinox), for the sale of 64 per cent of the joint venture. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
QUARTERLY PRODUCTION REPORT FOR THE QUARTER ENDED 31 JULY 2001... The Directors of Bougainville Copper Limited report that there has been no production since 15 May 1989. ASX Announcement
BOARD APPOINTMENT
We advise, as foreshadowed in our Release of 20 June 2001, that Mr George Macdonald our Chief Executive Officer was appointed to the Compass Board of directors on 24 July, 2001.... George Macdonald CHIEF EXECUTIVE OFFICER Compass Resources NL Phone: 02 9417 3588 ASX Announcement
COMMENCEMENT OF TANTALITE PRODUCTION AT BALD HILL
NEWS RELEASE... Haddington International Resources is pleased to announce that it has commenced production of Tantalite concentrate at its Bald Hill Tantalite Project. ASX Announcement
DIVIDEND NO.50
Dividend No 50 of US 5 cents per common share has been declared today by Placer Dome Inc payable on September 24, 2001, to shareholders of record at the close of business on August 24, 2001. This is a semi-annual dividend. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
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| All Ords | 3298.0 |
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Dow Jones | 10,241.12 |
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| ASX200 | 3352.6 | -20.4 | S&P 500 | 1171.65 | -19.38 | |
| All Resources | 1432.9 |
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Nasdaq | 1959.24 |
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| All Mining | 664.8 |
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Gold - spot/oz | US$269.50 |
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| All Gold | 809.3 |
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Silver - spot/oz | US$4.24 |
unch | |
| AGC Explorers | 593 | na | Platinum - spot | US$496.00 | +4.00 | |
| Energy | 1590.3 |
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Palladium - spot | US$464.00 |
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| All Industrials | 5704.0 |
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Bridge CRB Futures Index | 202.76 |
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| FTSE 100 | 5320.2 | -85.1 | Crude Oil (NYMEX) | US$26.31 | +0.19 | |
| Nikkei | 11,883.25 | +273.62 | Copper (spot $US/tonne) | US$1503 |
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| Hang Seng | 12,214.10 | -22.35 | Lead (spot $US/tonne) | US$480 |
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| A$ = US50.81c |
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Zinc (spot $US/tonne) | US$848 |
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| A$ = 62.98yen |
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Nickel (spot $US/tonne) | US$5905 |
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| A$ = 0.582euro |
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Aluminium (spot $US/tonne) | US$1409 |
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| US 30-Year Bond |
5.087% | -0.021 | Tin (spot $US/tonne) | US$4100 |
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Stockbroker Johnson Taylor Potter Research Report -
Recommendation: SPECULATIVE BUY- For details, click here
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... Drilling results are encouraging with best assays of 8m @ 1.07 g/t Au in YRB151, 13m @ 2.60 g/t Au in MEAC 3, 7m @ 0.33 g/t Au in YRB 157. Eureka North Zone upgraded to major regional target with follow up drilling planned. ASX Announcement or COMPANY WEB SITE
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 235 of the Corporations Law... ASX Announcement or COMPANY WEB SITE
PROGRESS REPORT ON EAGLE NO. 1
Lakes Oil NL has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that the current operation is changing out the mud system to optimise the production potential of the primary Second Gatchell oil zone horizontal well bore prior to running back into the hole to continue drilling of the horizontal well bore. ASX Announcement or COMPANY WEB SITE
SECTION 205G NOTICE - DIRECTOR`S INTERESTS X3
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement or COMPANY WEB SITE
PRESS RELEASE: DIRECTOR RESIGNATION
Dr Kwabena Duffuor, a non-executive director of Ashanti Goldfields Company Limited (the "Company") informed the Company yesterday that due to personal reasons he was resigning as a director of the Company with immediate effect. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 235 of the Corporations Law... ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
PHILIPPINES... Activity during the quarter has been focussed on the development of alternate strategies for the Dinkidi Project. As a result of the political situation in the Philippines and the continued negative outlook for metal prices, it is apparent that the development of the Project, as earlier proposed, requires restructuring and additional financial engineering to allow it to proceed to production. As a result, the company's technical staff have investigated the possibility of alternate staged development which would have reduced initial capital requirement while retaining the same high level of environmental and safety standards as were met under the prior development proposal. ASX Announcement
DRILLING REPORT - OYONG-2 & SE GOBA-10
Cue Energy Resources Limited (Cue) announces that at 6am 24th July 2001, a 9(5/8): liner had been run and cemented at 1498 metres and preparations were underway to drill ahead.... Oyong-2 is located approximately 125 metres north of the Oyong-1 discovery well and is designed to appraise the gas and oil zones penetrated in the Oyong-1 well and to drill the deeper Wonocolo and Ngrayong primary objectives that could not be reached in Oyong-1. ASX Announcement
CEO FEATURED IN WALL STREET REPORTER INTERVIEW
CityView Corporation Limited's ("CityView") Chief Executive Mark Smyth is currently featured in an interview with New York based Wall Street Reporter. Wall Street Reporter approached the Company as it was focusing on Australian energy companies. ASX Announcement
BECOMING A SUBSTANTIAL HOLDER
Merrill Lynch Investment Managers Limited became a substantial shareholder in Delta Gold Limited on 19/07/2001 with a relevant interest in the issued share capital of 13,950,000 NPV (5.22%).... ASX Announcement
APPENDIX 3B - EXERCISE OF EMPLOYEE OPTIONS
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
ABRIDGED GROUP RESULTS FOR QUARTER ENDED 30/6/2001
GROUP HIGHLIGHTS...
QUARTER QUARTER
JUNE 2001 MARCH 2001
Gold production: 8 102 kg 7 780 kg
260 483 oz 250 130 oz
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
Eagle Bay Resources NL has continued its philosophy of focusing its exploration activities in proven hydrocarbon prolific basins.... Eagle Bay Resources NL holds 100% of two petroleum exploration permits VIC/P41 and VIC/P47 located in the hydrocarbon prolific offshore Gippsland Basin off the Victorian coast. This basin is Australia's premier oil province with reserves exceeding 4 billion barrels of crude/condensate, and over 11 TCF of natural gas. This world class petroleum basin has prolific oil prone source rocks and is a prolific oil and gas producer, having historically enjoyed a high rate of discovery. Eagle Bay Resources has now established a relatively large acreage position in the basin, holding title over some 2878sqkm at 100% equity. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
QUARTERLY REPORT FOR THE PERIOD ENDED JUNE 30, 2001... The average mill head grade for the quarter was 9.87% Ni which was approximately 1.25% Ni above the Reserve grade for the interval of the pit mined. Reconciliation of mining production to-date, against the original Reserve shows that the deposit has exceeded the reserve estimate of contained metal to this point in the pit. The statistics indicate that on a project-to-date basis the pit has produced 93% of reserve tonnes at 120% of reserve grade for 112% of contained metal. Tight mining of the deposit, combined with a level of conservatism inherent in the reserve grade estimation technique, have continued to provide this "bonus" of contained metal. ASX Announcement
SHAREHOLDER UPDATE
COSMOS... We are very happy with the results for this start up year where we exceeded our operational forecasts in a number of important areas such as nickel grades, nickel recoveries, plant performance and availability, and ultimately total pounds of nickel produced and shipped. Our costs for the year were also within forecast. ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Jubilee Mines NL ASX Announcement
CEASING TO BE A SUBSTANTIAL HOLDER
NM Rothschild Australia Holdings Pty Ltd ceased to be a substantial shareholder in Novus Petroleum Limited on 18/07/2001.... ASX Announcement
LIMESTONE RIDGE 1 PROG.REP. ONSHORE OTWAY BASIN S.A. PEL 32
Origin Energy Resources Limited as Operator of PEL 32 advises that the exploration well Limestone Ridge that spudded at 6pm on Thursday 12 July 2001 is currently drilling ahead at a depth of 2770 mRT in the Pretty Hill Sandstone near total depth. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
OPEN BRIEFING.PIMA MINING.SAMAG FINANCING PLANS
OPEN BRIEFING PIMA MINING SAMAG FINANCING PLANS... Pima Mining NL is progressing to develop the SAMAG magnesium project. Will the recent decision by Australian Magnesium Corporation (AMC) to pursue alternative financing options for its Stanwell magnesium project impact on your development plans? ASX Announcement
RAISES $5.8 MILLION
The Directors of Pima Mining NL ("Pima") advise that the recent 1 for 10 entitlement issue has closed.... The issue is primarily to fund the ongoing development of Pima's wholly owned subsidiary, SAMAG Ltd. SAMAG is developing a 65,000 tonne pa magnesium production facility to be located either in New Zealand or at Port Pirie, South Australia. ASX Announcement
SECOND QUARTER ACTIVITIES & CASHFLOW REPORTS
REPORT FOR THE QUARTER ENDED 30 JUNE 2001... The project remained under care and maintenance for the quarter whilst the unfavourable situation in Indonesia remains unchanged and funding is being sought to resume development work. The company is still undertaking discussions with potential joint venture partners. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 235 of the Corporations Law... ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 235 of the Corporations Law... ASX Announcement
STANDARD & POOR`S RATING
The Directors of Straits Resources Limited (ASX Codes: SRL and SRLG) are pleased to announce that Standard & Poor's have assigned a BBB long term foreign currency rating to the US$34.5 million senior secured bank loan facility and A$1.5 million bank guarantee facility established for Straits (Nifty) Pty Ltd and arranged with ABN AMRO Australia Limited. ASX Announcement
DIRECTOR APPOINTMENT/RESIGNATION
The Company is please to announce that Mr Martin Bennett has been appointed as a Non-Executive Director of the Company and all its subsidiaries. Furthermore, the Company wishes to advise that Mr Mark Babidge has resigned as a Director of the Company and all its subsidiaries. Both the appointment of Mr Bennett and resignation of Mr Babidge are effective immediately. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
FOURTH QUARTER TECHNICAL REPORT - 2001... The Texas Project remains the focus of Macmin's' activities. During the quarter BankWest completed most of their due diligence on the project and submitted a proposed term sheet covering the provision of capital financing for the project. Macmin is evaluating the term sheet and expects to hold further meetings with BankWest in the near future. ASX Announcement or COMPANY WEB SITE
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement or COMPANY WEB SITE
APP3B X2-SATISFACTION OF SRVCS PROVIDED TO CO/RESTRICTED SEC
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
GOOD GAS SHOWS ENCOUNTERED IN LIMESTONE RIDGE-1
LIMESTONE RIDGE-1... The Australian Worldwide Exploration group advises that, as at 0800 hours on 24 July, the Limestone Ridge-1 well in PEL32 in the Otway Basin, South Australia, was drilling ahead at 2,770 m in the Pretty Hills Sandstone near total depth. Good gas shows have been encountered ever a 67m interval in the Pretty Hills Sandstone and these will be evaluated by wireline logs after reaching total depth. Progress for the week was 1,020m. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
DRILLING ACTIVITY & PROJECT STATUS REPORT
NEW ZEALAND - PEP38719, TARANAKI BASIN, BLIGH INTEREST: 5.00%... The Kauri-A1 well in New Zealand has completed drilling to a planned total depth of 4,500 metres. Significant hydrocarbon-bearing intervals have been encountered in this well at various depths. The Operator intends to conduct extensive testing and evaluation of specific intervals. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
INVESTMENT IN MADISON ENTERPRISES CORP... There have been no public reports of a technical nature by Madison during the quarter on Mt Kare or any other exploration activities. ASX Announcement
OIL RESERVES & FORTHCOMING DEVT PLAN IN THAILAND
PRESS RELEASE... Carnarvon Petroleum NL ("Carnarvon") and Pacific Tiger Energy announced today their drilling plans for Wichian Buri North, an area of recent successful drilling. The Wichian Buri field is 250 kilometers north of Bangkok and approximately 150 kilometers southeast of Shell's 250 million barrel Sirikit Field. The Company and joint venture partner, Pacific Tiger, have recently agreed to commence plans for a seven to ten well drilling program to start in September. The Company stated that it was the Joint Venture's goal to have four wells completed by the end of the year. The entire drilling program would be completed in early 2002. ASX Announcement
UPDATE ON EAGLE/LANGFORD WELLS
LANGFORD 25 #3H-TXV HORIZONTAL, HARDERMAN COUNTRY, TEXAS... Production testing of the Langford 25 #3H-TXV well will commence as soon as a completion rig becomes available. A production casing string has been run in the well. The Langford re-entry horizontal was designed to penetrate a seismically defined Mississippian mound some 256 feet above the lowest known oil based on existing well control. The actual drilling data now to hand suggests that this prognosis is correct with the actual intersection being 305 feet above the drill defined lowest known oil. ASX Announcement
CHANGE IN SUBSTANTIAL HOLDING
Pilatus Capital Pty Ltd changed its relevant interest in Gympie Gold Limited on 10/07/2001, from 41,436,536 ordinary shares (36.7%) to 44,289,059 ordinary shares (31.6%).... ASX Announcement
PROGRESS REPORT COURBINE 1-A WELL OFFSHORE MAURITANIA
Hardman Resources NL provides the following progress report for the drilling of the Courbine-lA well offshore Mauritania.... Note: 1. All reported depths are referenced to the rig rotary table which is approximately 1,250 metres above sea bed. ASX Announcement
DISCLOSURE DOCUMENT FOR NON-RENOUNCEABLE ISSUE
PROSPECTUS... A non renounceable offer to eligible HiTec: Energy Ltd shareholders of up to 18,079,541 Fully Paid Ordinary Shares each issued at $0.10, to be offered on the basis of one share for every fifteen shares held. ASX Announcement
APP 3B-FUND CONTINUED OPERATION OF DEMO.PLANT/WORKING CAP.
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
LODGEMENT OF 1:15 RIGHTS ISSUE PROSPECTUS WITH ASIC
HiTec Energy Ltd has today lodged a prospectus with the ASIC for a 1:15 rights issue. Under the issue, eligible shareholders are entitled to purchase one (1) new HiTec Energy share for every fifteen (15) shares held at a price of ten (10) cents per share. If the issue is fully subscribed it will result in the allotment of 18,079,541 shares to raise a maximum of $1,807,954 before issue expenses. ASX Announcement
RESOURCE UPGRADE - RAPU RAPU PROJECT
Lafayette is pleased to announce an updated resource for the Ungay deposit at Rapu Rapu project:... * Resource tonnes increased by 24% to 7.02 Mt * Contained gold increased by 10% to 589,000 ounces * Contained silver increased by 9% to 6.35 million ounces * Contained copper increased by 3% to 87,100 tonnes * Gold and silver in oxide resource increased by 62% and 149% respectively * 94% of contained metal in the Measured Category ASX Announcement
EXTENSIVE GAS SHOWS AT CHURCHILL
The Churchie No 1 well has reached TD at 2205 meters. Gas indications indicate the possibility of a significant gas discovery with associated LPG.... ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 235 of the Corporations Law... ASX Announcement
PRESENTATION TO DIGGERS & DEALERS CONFERENCE
A full copy of the Presentation is available for purchase from ASX Customer Service on 1 300 300 279. Charges apply.... ASX Announcement
REDEMPTION OF CONVERTIBLE NOTES
Namakwa Diamond Company NL ("NDC") wishes to advise it has today redeemed the 5,400,000 Convertible Notes (the "Notes") which were issued to Kimberley Diamond Company NL ("KDC") on 27 November 2000.... The redemption of the Notes follows the agreement announced yesterday (23 July 2001) between NDC and Majestic Resources NL whereby NDC plans a selective buy back (and cancellation) of 9 million shares at 23 cents per share from Majestic. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
This notice is given on behalf of Mr Graham Beverly Monk, a director of Nido Petroleum Limited ("Nido") in accordance with Section 205(G) of the Corporations Law.... ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * Quarterly revenue from sale of oil up 24% to US$34.4 million: Orogen's share of second quarter oil production from the Kutubu, Gobe and Central Moran oil fields was 1.174 million barrels, 1% higher than in the first quarter. The average realised oil price was US$27.94/bbl, compared to US$26.24/bbl in the first quarter. ASX Announcement
FINALISES MANDATE LETTER WITH INTERNATIONAL FINANCE CORP.
Oxiana Resources has mandated IFC to arrange the financing for the Sepon Gold Project.... The Sepon gold and copper project in Southeastern Laos is owned 80% by Oxiana and 20% by Rio Tinto. Oxiana is completing a Bankable Feasibility Study (BFS) on the Sepon Gold Project in August. A separate Copper Project BFS will follow. ASX Announcement
LETTER TO SHAREHOLDERS RE:RESTRUCTURING ACTIVITIES
CORRECTION TO ASX ANNOUNCEMENT RELEASED 23/07/2001... I am writing to tell you about the restructuring initiatives your Board has decided to implement to seek to address our current financial position and ensure the company's long term viability, thereby enhancing value for shareholders for the long term. ASX Announcement
SIGNS EXPLORATION STUDY AGREEMENT WITH MALTESE GOVERNMENT
Pancontinental Oil & Gas NL (Pancon), further to the announcement of 28 February 2001, advises that in conjunction with Afrex Ltd it has executed an Exploration Study Agreement (ESA) with the Maltese Government for two offshore permit's totalling approximately 14,800 square kilometres to the southwest of Malta. ASX Announcement
ALLOTMENT OF SHARES & OPTIONS
The Company has today allotted 100,000 fully paid shares together with attaching options (15 cents/31 May 2003) as part of the current placement.... ASX Announcement
FOURTH QUARTER CASHFLOW REPORT
... Name of entity Platsearch NL ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * Analyses received from core samples at the Lilleyvale prospect confirm that the first drillhole LIL-01 has intersected a large and complex, mineralised ironstone system which is geochemically anomalous for a range of metals over substantial widths. All of the results will be reviewed by the joint venture in August 2001 when the forward programme will be planned. ASX Announcement
AMENDMENT TO APPENDIX 3B 19/7 & COPY NOTICE TO OPTIONHOLDERS
The Directors of Rand Mining NL advise an amendment to the announcement made on 19th July 2001 Re appendix 3B.... ASX Announcement
PURCHASE OF ABORE MINING COMPANY LIMITED
Resolute Limited through its subsidiary Associated Gold Fields NL has entered into a contract with Shield Telecommunications Limited and its wholly owned subsidiary, Leo Shield Exploration Ghana Ltd to purchase their interests in Abore Mining Company Limited ("AMC"). ASX Announcement
SALE OF ABORE MINING COMPANY LIMITED
ShieldTel and its wholly owned subsidiary, Leo Shield Exploration Ghana Ltd ("Leo"), have entered into a contract with Resolute Ltd subsidiary Associated Gold Fields NL ("AGF") to sell their interests in Abore Mining Company Limited ("AMC"). ASX Announcement
FURTHER UPDATE-NATIVE TITLE NEGOTIATIONS
Further to the announcement made on 12 July concerning the status of negotiations for native title agreements in respect of the Paning and Pando Blocks in the Cooper Basin of South Australia, and following the circulation of the draft documentation referred to in that announcement, Stuart Petroleum NL has now received confirmation from its legal representative that all issues have been finally agreed by the negotiating teams. ASX Announcement
UPDATE ON EAGLE OIL/GAS DEV. OPS. CALIFORNIA USA
Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.... Current operations at 1600 hours WST (California) is changing out mud system for drilling a horizontal hole of up to 300 metres length in the Lower Gatchell Sandstone oil pay zone from current 4,320 metres depth. Drilling operations should resume later today. ASX Announcement
NEW HIGHGRADE GOLD-PLATINUM-PALLADIUM RESULTS HARTS RANGE
Following the announcement of the highly anomalous gold-platinum-palladium-copper (Au-Pt-Pd-Cu) results from the Kongo Prospect (21 May 2001), the Company is pleased to announce further highgrade results from its first follow-up program testing along strike to the southeast of the Kongo Prospect which is located approximately 100 kilometres northeast of Alice Springs. ASX Announcement
FORM 281 - INTENTION TO CARRY OUT A SHARE BUY-BACK
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION FORM 281 INTENTION TO CARRY OUT A SHARE BUY-BACK... ASX Announcement
SHALLOW HIGH GRADE ZINC RESULTS OBTAINED AT EAST RIDGE
Union Capital Limited announces that further positive infill drilling results have been returned from the East Ridge area of the Mehdiabad Zinc Project in Central Iran.... These results not only further define and support the zinc resources defined by SRK Consulting in this area, but also outline additional high grade shallow mineralisation that can be targeted for mining in an initial open pit operation. Shallow zinc oxide mineralisation is most notable in hole's 8006, 8008 and 8010. ASX Announcement
DRILL.REP-EAGLE NO.1-PRIMARY OBJECTIVE OIL ZONE INTERSECTED
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the current operation is changing out the mud system to optimise the production potential of the primary Second Gatchell oil zone horizontal well bore prior to running back into the hole to continue drilling of the horizontal well bore. ASX Announcement
CEASING TO BE A SUBSTANTIAL HOLDER
AZSA Australia Pty Limited ceased to be a substantial shareholder in Western Metals Limited on 07/06/2001.... ASX Announcement
MAURITANIA AREA B COURBINE-1A ST1 UPDATE
Woodside Petroleum Ltd, Operator of the Mauritania, Area B Joint Venture, reports that the Courbine-1A ST1 well is drilling ahead at a depth of 4147 metres in an 8(1/2) inch hole.... Woodside's interest in Area B is 35%. Other participants are British Borneo International Limited (ENI/AGIP) (35%), Hardman Petroleum (Mauritania) Pty Ltd (18.6%), Fusion Oil and Gas NL (6.0%), Planet Oil (Mauritania) Limited (3.0%), Elixir Corporation Pty Ltd (a wholly owned subsidiary of Roc Oil Company Limited) (2.4%). ASX Announcement
DETAILS OF ANNUAL GENERAL MEETING/NOMINATION OF DIRECTORS
ASX RELEASE... Minotaur Resources Limited hereby gives notice to the Australian Stock Exchange Limited (ASX) that the Company's Annual General Meeting will be held at 2nd Level Auditorium, Santos House, 91 King William Street, Adelaide, South Australia on Thursday, 4th October 2001 commencing at 11.am at which it is proposed that an election of Directors be held. Under the Company's Constitution, to be valid, nominations for the position of Director are required to be left at the registered office of the Company on or before 3rd August 2001 unless the nominee has been recommended by the Board for election. ASX Announcement or COMPANY WEB SITE
EXCHANGE & CASH OFFER UPDATE
PRESS RELEASE... On June 29, 2001, Coeur d'Alene Mines Corporation (NYSE: CDE) (the "Company") commenced an exchange offer in which it is offering up to a maximum of approximately $71.34 million principal amount of its new 13(3/8)% Convertible Senior Subordinated Notes due December 31, 2003 (the "13(3/8)% Notes") to holders of the Company's presently outstanding convertible subordinated debentures (the "Exchange Offer"). In addition, the Company is offering debenture holders participating in the Exchange Offer the right to purchase up to an additional $25 million principal amount of 13(3/8)% Notes for cash. The Exchange Offer is scheduled to expire on July 27, 2001, unless extended. ASX Announcement
APPOINTMENT OF ALTERNATE DIRECTOR
Mr Mark Lochtenberg, a Director of the Company, has appointed Mr Earl Melamed his Alternate until further notice.... ASX Announcement
BROKER PRESENTATION
As announced on 31 May 2001, Consolidated Minerals Limited ("CSM") has been conducting stockbroker presentation roadshows within Australia as a prelude to the Company's application to list on the English Alternative Investment Market ("AIM"). ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
APPOINTMENT OF CHIEF FINANCIAL OFFICER & COMPANY SECRETARY
ION Limited (ASX:ION) is pleased to announce the appointment of Mr Rick Nagul as Chief Financial Officer and Company Secretary on 16 July 2001. Mr Nagul comes at a time of significant growth in the ION Group which demands the appointment of a highly experienced executive to provide the company with the appropriate level of financial authority. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
RE: QUARTERLY REPORT FOR THE PERIOD ENDED 30 JUNE 2001... * First phase exploration at the Labelle Tantalite Prospect in the Northern Territory extends the resource by more than 65%, including an uncut intercept of 9m @ 4908 g/t Ta(2)O(5) from 36 metres. Drill results show a weighted average grade of 234 g/t or 0.5 pounds per tonne from this programme. ASX Announcement
TRADING HALT
ASX MARKET RELEASE... The securities of Mosaic Oil NL (the "Company") will be placed in pre-open, at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Thursday, 26 July 2001 or when the announcement is released to the market. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK)...
Name of Entity
Sons Of Gwalia Limited
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT/DIRECTOR APPT
ZIMPLATS APPOINTS NEW DIRECTOR... Mr Louis Ivan Rozman has been elected to the board of Zimplats with effect from the 20 July 2001. Delta Gold Limited nominated Mr Rozman as its representative on the board of directors of Zimbabwe Platinum Mines Limited, following the resignation of Mr Terry B Burgess. ASX Announcement
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| All Ords | 3317.3 |
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Dow Jones | 10,424.42 |
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| ASX200 | 3373.7 | -7.7 | S&P 500 | 1191.03 | -19.82 | |
| All Resources | 1465.9 |
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Nasdaq | 1988.56 |
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| All Mining | 665.2 |
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Gold - spot/oz | US$268.60 |
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| All Gold | 805.2 |
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Silver - spot/oz | US$4.24 |
+0.02 | |
| AGC Explorers | 593 | na | Platinum - spot | US$492.00 | -5.00 | |
| Energy | 1597.5 |
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Palladium - spot | US$466.00 |
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| All Industrials | 5721.8 |
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Bridge CRB Futures Index | 202.42 |
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| FTSE 100 | 5405.3 | +18.2 | Crude Oil (NYMEX) | US$26.12 | +0.18 | |
| Nikkei | 11,609.63 | -298.76 | Copper (spot $US/tonne) | US$1512 |
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| Hang Seng | 12,236.45 | -65.23 | Lead (spot $US/tonne) | US$473 |
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| A$ = US50.81c |
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Zinc (spot $US/tonne) | US$845 |
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| A$ = 62.35yen |
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Nickel (spot $US/tonne) | US$5940 |
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| A$ = 0.583euro |
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Aluminium (spot $US/tonne) | US$1417 |
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| US 30-Year Bond |
5.108% | -0.004 | Tin (spot $US/tonne) | US$4210 |
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Live Quotes & Charts - Australia |
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24 Hour Spot Gold Price |
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PROGRESS REPORT-EAGLE NO.1-CALIFORNIA USA
RE: PROGRESS REPORT ON EAGLE NO 1, EAGLE OIL POOL DEVELOPMENT PROJECT, SAN JOAQUIN BASIN, CALIFORNIA, USA PRIMARY OBJECTIVE OIL ZONE INTERSECTED DRILLING OPERATIONS CONTINUING... Lakes Oil NL has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that further to this mornings ASX announcement, the drill pipe has been retrieved and the current operation is preparing to run back into the hole to commence drilling of the horizontal well bore in the Second Gatchell oil zone primary objective. ASX Announcement or COMPANY WEB SITE
APPENDIX 3B - TO EXTINGUISH DEBT
ALLOTMENT OF SHARES... In accordance with Listing Rule 3.10.5 I have been instructed by the Board of Directors of Macmin Ltd to advise that the company issued today, a total of 1,977,500 fully paid ordinary shares in settlement of deferred consultancy fees/salary at the rate of one ordinary share for each $0.04 cents of deferred fees. ASX Announcement or COMPANY WEB SITE
SPUDS THIRD WELL IN SIX WELL CBM EXPLORATION PROGRAM
The Directors of Arrow Energy NL are pleased to announce that Dalmane-1 spudded at 3.50 pm on Sunday July 22, 2001. Dalmane-1 is the third well in Arrow's six well Coal Bed Methane (CBM) drilling exploration program in the Surat Basin, South East Queenland. ASX Announcement
PROGRESS REPORT - WHICHER RANGE 5 FARMOUT MOU
Amity Oil Limited ("Amity") has negotiated a Memorandum of Understanding ("MOU") to farmout part of its present 73.78% interest in Petroleum Exploration Permit EP 408, including the Whicher Range gasfield, to Whicher Range Gasfields Limited ("WRG"). Under the terms of the MOU: ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
I enclose a notice of director's interest pursuant to Section 205G of the Corporations Law in Brandrill Limited, which comes about by the issue by the Company on 12 July 2001 of options to acquire ordinary fully paid shares in the Company. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
QUARTERLY REPORT FOR THE PERIOD ENDED 30 JUNE 2001... Total raw coal production in the quarter was down compared with the same period in 2000. Reduced production rates were experienced whilst mining through known adverse geological conditions. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
REPORT FOR THE QUARTER ENDING 30 JUNE 2001... * Recent drilling at the newly acquired Mt Remarkable project south of Mt Kilkenny has intersected siliceous limonite material over a strike length in excess of two kilometres. ASX Announcement
FULL COPY-NOTICE OF MEETING-PROPOSAL FOR CRP SHR CONVERSION
Please refer to announcement released earlier today.... A full copy of this announcement is available for purchase from ASX Customer Service on 1 300 300 279. Charges apply. ASX Announcement
PROPOSAL FOR CRP SHR CONVERSION-NOTICE OF MEETING/CONV.RATIO
LETTER TO CRP SHAREHOLDERS... As an incentive for early conversion, the conversion ratio has been increased from 1.25 to 1.34 Ordinary Shares for every CRP Share. This conversion ratio has increased from the previously announced ratio of 1.30:1. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS X3
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
APPENDIX 3B - EXERCISE OF OPTIONS
Please find following an Appendix 3B for application for quotation of 656,622 additional ordinary shares in the Company issued pursuant to the exercise of 50,000 20 cent options and 606,622 40 cent options. Funds received by the Company total $252,648.80. ASX Announcement
SECOND QUARTER CASHFLOW REPORT
... Name of entity Helix Resources NL ASX Announcement
SECTION 205G NOT - DIR INT/CHANGE IN SUBSTANTIAL HOLDING
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
NAMAKWA TO BUY BACK MAJESTIC STAKE
Majestic Resources NL ("Majestic") and its former takeover target Namakwa Diamond Company NL ("Namakwa") have agreed on terms which will see Majestic divesting its 17.7% holding in Namakwa.... Among the terms agreed, Namakwa will by the 31st October 2001 buy back Majestic's 9,000,000 shares for $2.07 million, being 23 cents a share. The buy back is subject to Namakwa shareholder approval by way of a special resolution. On completion of this transaction Majestic will withdraw defamation proceedings against Namakwa and others. ASX Announcement
NAMAKWA TO BUY BACK MAJESTIC STAKE AFTER REACHING AGREEMENT
MEDIA RELEASE... Namakwa Diamond Company (ASX : NDC) has agreed to settle all outstanding corporate issues with its former takeover suitor Majestic Resources NL (ASX : MJN) after today (Monday) announcing plans to undertake a selective buy back of Majestic's 17.7% interest and settle all outstanding disputes. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
LETTER TO SHAREHOLDERS RE:RESTRUCTURING ACTIVITIES
I am writing to tell you about the restructuring initiatives your Board has decided to implement to seek to address our current financial position and ensure the company's long term viability, thereby enhancing value for shareholders for the long term. ASX Announcement
RESULTS OF GENERAL MEETING
Please be advised that the resolutions considered at the General Meeting of Precious Metals Australia Limited on 23 July 2001 were passed by the requisite majority.... ASX Announcement
CONSOLIDATION OF CAPITAL
ASX MARKET RELEASE... Participating Organisations are advised that subject to shareholder approval today Monday 23 July 2001 the reorganisation of securities of Precious Metals Australia Limited's (the "Company") will become effective from Tuesday 24 July 2001. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
CEASING TO BE A SUBSTANTIAL HOLDER
N M Rothschild Australia Holdings Pty Ltd ceased to be a substantial shareholder in Titan Resources NL on 19/07/2001.... ASX Announcement
NOTICE RE:DAMPIER SALT LTD ACQN.OF PORT HEDLAND SALT OPS.
The Board of WestMag Limited provides shareholders with an update of its magnesia plant project following an announcement by Rio Tinto that its part owned subsidiary, Dampier Salt Limited ("Dampier Salt") has reached agreement regarding the purchase of Cargill Australia Limited's ("Cargill") salt operations at Port Hedland. The purchase is subject to Western Australian government approval. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS... * Exploration expenditure of $1 350 000 in the next 6 months by joint venture partners. ASX Announcement or COMPANY WEB SITE
TRADING HALT
ASX MARKET RELEASE... The securities of Argosy Minerals Inc (the "Company") will be placed in pre-open pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Wednesday, 25 July 2001 or when the announcement is released to the market. ASX Announcement
PRESENTATION
A full copy of the presentation material is available for purchase from ASX Customer Service on 1 300 300 279. Charges apply.... ASX Announcement
PROGRESS DRILLING REPORT - COURBINE 1-A WELL
Hardman Resources NL provides the following progress report for the drilling of the Courbine-1A well offshore Mauritania.... ASX Announcement
BULA FIELD - COMMENCEMENT OF DRILLING
Kalrez Energy Ltd advises that its wholly owned subsidiary Kalrez Petroleum (Seram) Limited as operator of the Bula Block Production Sharing Contract on Seram Island in Eastern Indonesia has commenced its development drilling program with the spud at 09:30 hours WIT (Western Indonesian time) July 20th 2001, of development well 72K-4. ASX Announcement
APPENDIX 3B - CONVERSION OF CONVERTIBLE NOTE
... Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
REACHES AGREEMENT WITH QUAESTUS LIMITED ON SILICON PROJECT
Portman Limited (ASX: PMM) has reached agreement to divest its 90% interest in the Australian Silicon Project in Lithgow, New South Wales to Quaestus Limited (ASX: QES). The deal will give Portman a 61% equity stake in Quaestus and the ongoing development of the silicon project. ASX Announcement
TOP 20 SHAREHOLDERS
Following a number of requests for PlatSearch to provide details of its shareholders, the Board has decided to release its Top 20 Shareholders to the market on a quarterly basis.... ASX Announcement
PALABORA MINING UNAUDITED GROUP RESULTS
SIX MNTHS SIX MNTHS YEAR
ABRIDGED INCOME STATEMENT 30/06/2001 30/06/2000 2000
R000 R000 R000...
REVENUE 1 118 741 719 039 1 747 685
Operating Costs 758 754 496 574 1 305 600
Depreciation 83 802 66 294 124 302
Operating Profit 276 185 156 171 317 783
Interest Received 351 5 636 12 723
Interest Payable (15 560) (11 516) (11 545)
Foreign Exchange Gains
(Losses) (6 172) (1 306) 28 081
Amortisation Of Discount
Related To (9 812) (918) (19 642)
Provisions
Profit Before Taxation 244 992 148 067 327 400
Taxation 88 253 56 521 90 658
Current 13 169 24 717 7 738
Deferred Tax 75 084 31 804 82 920
Profit After Taxation 156 739 91 54
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS:... * Record Gold Production from Meekatharra Gold Operations (Production of 147,063 oz for year) (Quarterly gold production of 31,216 oz) ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
INTRODUCTION... In June Summit, announced the receipt of funds and the issue of 2.5 million shares to Noranda Pacific Pty Limited, the Australian Subsidiary of Canadian mining giant Noranda Inc. These funds are now being utilised to drill test lead, zinc and copper targets in the Isa North project at Mount Isa. ASX Announcement
FURTHER UPDATE ON EAGLE OIL/GAS DEV.OPERATIONS-USA
Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.... Following on from the Operator's report this morning (Monday, 23 July) the Operator now advises that retrieval of drill pipe which parted a tool joint at 1,169 metres whilst pulling out of the hole for a wiper trip following the target zone drilling break has been successfully retrieved. ASX Announcement
UPDATE ON EAGLE OIL/GAS DEVT OPERATIONS
Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.... The Operator advised Eagle #1 is at 4,320 metres in the interpreted best porosity and oil saturation of the Lower Gatchell Sandstone oil pay zone which correlates with the adjacent Mary Bellocchi #1 well 240 metres to the south east. Further increased Cl to C4 gas readings with the first appearance of C5 gas readings and a further pronounced drilling break at 4,317 metres provide confirmation of this interpretation. ASX Announcement
CALL ON PARTLY PAID SHARES
The Directors of Talon Resources NL announce that on the 19th July 2001, they resolved to call up the unpaid portion on 1,500,000 partly paid performance shares.... The partly paid shares had been issued as part of a remuneration package to a former Director and are not quoted. The shares were issued in four trenches of which three remain partly paid, each of the trenches had different issue prices and as a result the call in respect to each is also different. Details of the call are set out below ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
The Directors have pleasure in submitting the Quarterly Report for the period to 30 June 2001.... ASX Announcement
ON-MARKET BUY-BACK
... Name of Entity Troy Resources NL ASX Announcement
FURTHER DRILLING REPORT ON EAGLE NO.1
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that further to this mornings ASX announcement, the drill pipe has been retrieved and the current operation is preparing to run back into the hole to commence drilling of the horizontal well bore in the Second Gatchell oil zone primary objective. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORTS
... Name of entity Xenolith Gold Limited ASX Announcement
CAPITAL RAISING
Zeolite Australia Limited ("ZEL") announces the following.... The Company has raised $300,000.00 by way of unsecured converting loans from Australian Ethical Investments Limited and Catholic Church Insurances Limited. Each tender has loaned $150,000,00. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
QUARTERLY REPORT FOR THE PERIOD ENDING 30 JUNE 2001... * Continued exploration success, results in a global resource estimated to contain approximately 28 million tonnes of heavy minerals within BeMaX's joint venture properties. ASX Announcement or COMPANY WEB SITE
PROGRESS REPORT ON EAGLE NO1 DEVT PROJECT
Lakes Oil NL has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that the Eagle-1 well is currently at a measured depth (MD) of 4,320 metres after drilling into the primary target Second Gatchell oil zone of good porosity and permeability at 4,317 metres MD. ASX Announcement or COMPANY WEB SITE
2ND QUARTER RESULTS 2001 - NOTICE OF CONFERENCE CALL
Ashanti Goldfields Company Limited will announce its Second Quarter 2001 Results on Tuesday 31 July 2001.... ASX Announcement
AC/P27 TIMOR SEA DRILLING AGREEMENT REACHED
ARC is pleased to advise that the AC/P27 joint venture has entered into an agreement with Anadarko Petroleum Corporation ("Anadarko") to drill the Sleeper 1 well in the AC/P27 permit in the Timor Sea. The drilling of the well by Anadarko will earn it the right to acquire a 75% interest in the permit at the completion of the well. ASX Announcement
MEDIA REL(19/7/01)OPTION AGREEMENT CLARIFICATION-DOE RUN CO.
We refer to this release and clarify the option arrangements with The Doe Run Company.... Doe Run would then have the option to acquire up to a further 15% equity in the share capital of the Company by 30 June 2002, which if exercised would take its holding to almost 20% as referred to in the release. ASX Announcement
SLIDE PRESENTATION
A full copy of the presentation material is available for purchase from ASX Customer Service on 1 300 300 279. Charges apply.... ASX Announcement
2ND DEEP HIGH IMPACT GAS WELL TO SPUD AUGUST AT MICA CANADA
Drillsearch Energy announces that its 55% owned subsidiary, Circumpacific Energy Corporation, will within the next 21 days commence drilling a 3,700 metre Devonian age Wabamun Formation gas test at Talisman et al9-7-81-13W6 in the Mica area on the border of Alberta and British Columbia, Canada. The drilling commencement date may move subject to rig availability. ASX Announcement
JOINT VENTURE DALIAN COAL GASIFICATION PROJECT
The Board of EnviroStar Energy Limited (EEL) is pleased to announce a Joint Development Agreement with Asian Environmental Rehabilitation Corporation (AERC) Pty Limited for the Dalian Coal Gasification project in PRC. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS FOR THE QUARTER... * Development of the Minjar Gold Project commenced during the Quarter. * Exploration results at Winddine Well confirm underground potential. * Shareholders' Meeting ratifies Convertible Note Issue. * Gindalbie Gold NL earns a 51% interest in the Mount Mulgine Joint Venture from General Gold NL. ASX Announcement
APPOINTMENT OF NEW CHAIRMAN
Golden Valley Mines Limited ("GVM") is pleased to announce the appointment of Mr Richard Linnell as Director and Chairman of the Board, with effect from the 1st August 2001.... Having completed the withdrawal from exploration activities in Indonesia and the repayment of the debt facility to Thistle Mining Inc, this appointment signals a new direction for the Company and a re-focus on growing shareholder value. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
HIGHLIGHTS FOR THE QUARTER... * Helix secures support of the major PGM producer Lonmin Plc for its Munni Munni PGM Project, signalling a key step forward for the project ASX Announcement
REPORTS SIX-MONTH OPERATING RESULTS FROM IRON ORE DIVISION
"In compliance with section 15.7.1 the company would like to confirm that the following release has been disclosed simultaneously in Canada in accordance to the Toronto Stock Exchange requirements."... Ivanhoe Mines' President Daniel Kunz announced today that second quarter operating and financial results at ABM's iron ore operation in Australia will be weaker than expected due to slumping iron ore sales and lower-than-expected pellet prices. ABM is a wholly-owned subsidiary of Ivanhoe Mines. ASX Announcement
BOARD CHANGES - NEW DEPUTY CHAIRMAN
DR DON STAMMER APPOINTED DEPUTY CHAIRMAN... Dr Stammer will take up the position of Chairman at the Company's Annual General Meeting, at which time the present Chairman, Mr Charles Copeman, will step down from the role but continue as a Director of the Company. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * The Company has made excellent progress in finalising the Sale and Purchase agreement to acquire Rio Tinto's 49% interest in Somincor, the holding company for the Neves Corvo copper mine in Southern Portugal. The agreement is conditional on the approval of the Portuguese Government for the commencement of the divestment process for a further 17% interest. Following a Portuguese Government cabinet reshuffle on 29 June 2001 this approval is outstanding with the matter currently before the new Minister. ASX Announcement
SAMAG PROJECT MAINTAINS MOMENTUM
The Directors of Pima Mining NL ("Pima") provide the following update on the activities of the company's wholly owned magnesium project development subsidiary, SAMAG Limited ("SAMAG") in light of the recent announcement by Australian Magnesium Corporation ("AMC") concerning the status of AMC's equity raising. ASX Announcement
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK)...
Name of Entity
Petroz NL
E-COM WINS HANDWRITTEN DIGITAL SIGNATURE PROJECT-KELLOGG J/V
Range Resources Ltd advises that its wholly owned subsidiary, E-Com Asia Pacific Pty Ltd, has been appointed to supply handwritten digital signature software to Kellogg Joint Venture, the Managing Contractor for the procurement of Material for Woodside Phase IV. ASX Announcement
RECOVERY OF DIAMONDS FROM FLINDERS ISLAND DIAMOND PROJECT
The Directors of Tawana Resources NL ("TAW") are pleased to announce the recovery of 3 diamonds from recent loam sampling at the Flinders Island Diamond Project, South Australia.... The diamonds recovered were located from three separate locations on the Island; 5kms north east of Gem Grid, 2kms south east of Gem Grid and 5kms south west of Gem Grid. The recovery sites of these diamonds are each coincident with new additional kimberlitic indictor mineral anomalies. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
SIGNIFICANT DEVELOPMENTS... * The mine cash surplus after capital expenditure and on lease exploration for the quarter was $3.4 million (previous quarter - $3.2 million). Cash operating cost for the quarter after copper credits was A$149/oz gold (previous quarter - A$179/oz gold). ASX Announcement
DRILL REP-EAGLE NO.1-PRIMARY OBJECTIVE OIL ZONE INTERSECTED
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a measured depth (MD) of 4,320 metres after drilling into the primary target Second Gatchell oil zone of good porosity and permeability at 4,317 metres MD. ASX Announcement
THIESS PTY LTD WINS CONTRACT FOR LNG EXPANSION
A major Australian construction and engineering company, Thiess Pty Ltd, has been awarded the civil construction contract for the fourth LNG train on the Burrup Peninsula in Western Australia.... Thiess' role in the expansion phase will involve an additional 160 people on site, drawing on a workforce from Perth and Karratha. More than 10,000 cubic metres of concrete will be required to provide the footings for the LNG train. ASX Announcement
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| All Ords | 3328.1 |
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Dow Jones | 10,576.65 |
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| ASX200 | 3384.2 | -10.2 | S&P 500 | 1210.85 | -4.17 | |
| All Resources | 1488.8 |
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Nasdaq | 2029.37 |
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| All Mining | 666.3 |
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Gold - spot/oz | US$269.20 |
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| All Gold | 799.3 |
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Silver - spot/oz | US$4.22 |
-0.02 | |
| AGC Explorers | 593 | na | Platinum - spot | US$497.00 | -12.00 | |
| Energy | 1613.7 |
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Palladium - spot | US$469.00 |
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| All Industrials | 5729.2 |
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Bridge CRB Futures Index | 202.84 |
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| FTSE 100 | 5387.1 | -50.3 | Crude Oil (NYMEX) | US$25.94 | +1.16 | |
| Nikkei | 11,908.39 | unch | Copper (spot $US/tonne) | US$1526 |
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| Hang Seng | 12,284.82 | +5.00 | Lead (spot $US/tonne) | US$453 |
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| A$ = US50.75c |
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Zinc (spot $US/tonne) | US$848 |
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| A$ = 62.35yen |
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Nickel (spot $US/tonne) | US$6015 |
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| A$ = 0.583euro |
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Aluminium (spot $US/tonne) | US$1426 |
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| US 30-Year Bond |
5.112% | +0.008 | Tin (spot $US/tonne) | US$4295 |
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PROGRESS REPORT ON EAGLE NO.1
Lakes Oil NL has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that as at 1600 hours California Pacific Daylight Time that the Eagle-1 well was drilling ahead (MD) at 4,285 metres, and drilling ahead in the top of the Second Gatchell oil zone. ASX Announcement or COMPANY WEB SITE
APPENDIX 3B - EXERCISE OF OPTIONS
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
APPENDIX 3B - NEW ISSUE
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
LETTER TO SHAREHOLDERS - UPDATE ON T/O OFFER BY ILUKA
As you would be aware, Iluka's takeover offer for CRL was scheduled to close on 16 July, however Iluka chose to extend its offer for a further month until 7.30pm AEST, on Thursday 16 August.... Up until 17 July Iluka had only received acceptances for approximately 2.25% of CRL's shares, despite the fact that its offer has been open since 11 June 2001. CRL's two other major shareholders, QBE and Perpetual, have rejected the offer and maintained their shareholding in CRL. ASX Announcement
DRILLING REPORT - OYONG-2 & SE GOBE-10
Cue Energy Resources Limited (Cue) announces that at 6am 20th July 2001, the Oyong-2 well in the Sampang PSC offshore East Java, was at a depth of 1500 metres with no drilling progress due to the 11(3/4)" liner becoming stuck. Most of the liner has now been recovered from the hole. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
SUMMARY... * A new discovery of copper-gold mineralisation has been made at the Turpentine prospect (Hazel Creek project) with a best intercept of 30 metres grading 1.74% copper and 0.58g/t gold from 42 metres down hole. ASX Announcement
NEW ISSUE - ACQUISITION OF MINERAL TENEMENT
Pursuant to the announcement by Greenstone Resources NL to the ASX on 3 July 2001, it has completed the acquisition of exploration and purchase rights at the Roger River Project in Tasmania.... ASX Announcement
NOTICE OF GENERAL MEETING
LETTER TO SHAREHOLDERS... As announced on 18 July 2001 Golden West Refining Corporation Limited ("GWRC") has agreed, subject to shareholder approval, to sell its 50% interest in the AGR Joint Venture ("AGR") to Australian Gold Alliance Pty Ltd ("AGA"). GWRC's partner in AGR, the Western Australian Mint ("WAM"), a subsidiary of the Western Australian Government-owned Gold Corporation, will retain its 50% interest in AGR. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS... * Hill 50 acquires the New Celebration Gold Project from Newcrest Mining Ltd for $10m plus the value of stocks and stores. New Celebration is expected to produce over 90,000oz in the current year and increase Hill 50's total production towards 300,000oz per annum. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
QUARTER HIGHLIGHTS... * Goongarrie's status as a "World Class" orebody is confirmed. The uniformity of high grades, premium low magnesia metallurgical style, and ore zone continuity is remarkable. ASX Announcement
3270 DIAMONDS RECOVERED TO DATE FROM ELLENDALE SAMPLING
Kimberley Diamond Company NL (ASX: KIM) has commenced a bulk sampling program aimed at proving up the tonnage and grade of the surface enriched zones at the Ellendale 4 and 9 lamproite pipes after reporting the recovery to date of 3,270 diamonds weighing 464.91 carats from the Field. ASX Announcement
MT GARNET ZINC PROJECT - KING VOL DRILLING RESULT
KING VOL ASSAY RESULTS... Kagara is pleased to announce the results of the 6th exploration hole at King Vol, KVD41. ASX Announcement
APP 3B- ISSUED AS PART OF MEDIATED SETTLEMENT RE: LITIGATION
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
AUSTRALIAN MAGNESIUM CORPORATION - EQUITY OFFER WITHDRAWN
Normandy Mining Limited advises that Australian Magnesium Corporation Limited (AMC) has withdrawn its $680 million equity offer to complete funding for development of the Stanwell Magnesium Project. AMC has indicated that it will seek alternative funding strategies. ASX Announcement
NOTICE OF COMPULSORY ACQ FOLLOWING TAKEOVER BID FROM HARMONY
LETTER FROM CLAYTON UTZ LAWYERS... We refer to harmony Australia's takeover bid for shares in New Hampton. In accordance with Section 661B(1)(d) of the Corporations Act 2001, we enclose a copy of a Notice of Compulsory acquisition following takeover bid in respect of ordinary shares in New Hampton which was lodged with the Australian Securities and investments Commission today. ASX Announcement
DRILLING REPORT - LIMESTONE RIDGE 1 ONSHORE OTWAY BASIN SA
Origin Energy Resources Limited as Operator of PEL 32 advises that the exploration well Limestone Ridge 1 that spudded at 6pm on Thursday 12 July 2001 is currently drilling ahead at a depth of 2240 mRT in the Laira Formation. Limestone Ridge 1 is located on a separate and previously undrilled structure, approximately 6.5 km west of the Katnook gas field. ASX Announcement
TOP 20 SHARE/OPTION HOLDERS
We advise the following Top Twenty Security holders and Spread of Holdings as at 19 July 2001.... ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
QUARTERLY REPORT FOR THE PERIOD ENDED 30 June 2001... ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
SIGNIFICANT EVENTS... Total gold production for the June quarter was 84,016 ounces. Tarmoola production for the quarter was 57,828 ounces. This reflects the previously forecast increase in production levels with higher grade ore being sourced from the North 4 cutback in the Tarmoola pit. Carosue Dam production for the quarter was 26,188 ounces. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law... ASX Announcement
RIGHTS ISSUE RECORD DATE
On 11 July 2001 the Company announced a non-renounceable rights issue on the basis of 1 new share and attaching option for every 8 existing share held.... The Appendix 3B lodged with the announcement stated that the record date to determine entitlements was expected to be 2 August 2001. This is no longer the case and a new record date will be advised next week when the rights issue prospectus is completed. ASX Announcement
CHANGE IN SUBSTANTIAL HOLDING
Inkjar Pty Ltd, Suparell Pty Ltd and Bradford Lawrence Farrell and Elizabeth Ann Farrell changed its relevant interest in Sun Resources NL on 28/06/2001, from 4,200,001 ordinary shares (7.14%) to 5,118,335 ordinary shares (5.37%). ASX Announcement
CHANGE IN SUBSTANTIAL HOLDING
Martinick Holdings Pty Ltd increased its relevant interest in Sun Resources NL on 28/06/2001, from 4,074,794 ordinary shares (6.01%) to 5,915,990 ordinary shares (6.21%). ASX Announcement
PARTLY PAID SHARES AUCTION
Further to the Company's announcement made on 13 July 2001, the Company notes that the number of partly paid shares on which the call of 0.5 cent due on 29 June 2001 was received by the Company in cleared funds was 208,883,360. ASX Announcement
CHANGE IN SUBSTANTIAL HOLDING
Portfolio Partners Limited increased its relevant interest in Tap Oil Limited on 18/07/2001, from 12,794,040 ordinary shares (9.41%) to 14,242,114 ordinary shares (10.47*%).... ASX Announcement
NOTICE OF GENERAL MEETING
NOTICE OF GENERAL MEETING... Notice is hereby given that a general meeting of the shareholders of Titan Resources NL ACN 007 247 154 ("Company") will be held at The Terrace Room, 1st Floor, Parmelia Hilton, 14 Mill Street, Perth, Western Australia 6000 on 21 August 2001 at 10.00am. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 235 of the Corporations Law... ASX Announcement
ACCC CLEARANCE & WAIVER OF MATERIAL ADVERSE CHANGE CONDITION
Wesfarmers Limited ("Wesfarmers") through its wholly-owned subsidiary, Wesfarmers Retail Pty Ltd, today welcomed the announcement by the Australian Competition and Consumer Commission ("ACCC") that it will not oppose the company's takeover offer for Howard Smith Limited ("Howard Smith"). ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
ACTIVITIES REPORT - JUNE QUARTER 2001 HIGHLIGHTS... * Multiple zones of disseminated iron and trace nickel sulphide mineralisation intersected at the Jupiter prospect 900m west of Trough Well. Sulphide is associated with a large conductive EM and IP anomaly. ASX Announcement
PROGRESS REPORT ON EAGLE NO.1 EAGLE OIL POOL PROJ-USA
Lakes Oil NL has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that as at 1600 hours California Pacific Daylight Time that the Eagle-1 well was drilling ahead at 4,261 metres in the top of the Lower Gatchell Sandstone oil pay zone. Significant C1 to C4 gas readings with sample fluorescence and cut are being reported but oil shows are being suppressed by high mud weight. On the basis of correlation of gamma ray logs produced whilst drilling with similar logs from the adjacent Mary Bellocchi #1 well, the bit is now being steered vertically down 2.1 metres into the zone of best porosity and oil saturation with maximum flow rates in Mary Bellocchi #1. On reaching this position a horizontal well bore of up to 300 metres is programmed in the reservoir target for subsequent testing. ASX Announcement or COMPANY WEB SITE
IMPACT OF PROPOSED QLD GOVERNMENT ROYALTY SCHEME
The Directors of Macarthur Coal Limited (ASX:MCC) advise that they are confident of achieving prospectus forecasts for the 2002 financial year. They make this statement in response to suggestions that a proposed new royalty regime would have a negative effect on 2002 outcomes. ASX Announcement or COMPANY WEB SITE
RESULTS OF GENERAL MEETING
In accordance with Listing Rule 3.13.2, I advise that all motions as per the Notice of Meeting were carried without amendments.... ASX Announcement or COMPANY WEB SITE
FINANCING FOR TWIN HILLS SILVER DEPOSIT TEXAS QLD
On 20th March 2001, Macmin granted BankWest of Perth an exclusive mandate re financing of the capital component of the Twin Hills Mine Development (see Release of 23rd March 2001).... Macmin has today received a proposed Term Sheet from BankWest outlining Indicative Terms and Conditions for the financing of the construction component of the mine development. This Term Sheet is subject to various conditions precedent and final approval by BankWest. ASX Announcement or COMPANY WEB SITE
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS ... * Environmental clearance received to enable commencement of exploration in Tamil Nadu (India) for Phase 1 of the Feasibility Study relating to the Kudiraimozhi project. ASX Announcement or COMPANY WEB SITE
MAKURI`S VLEI BASEMETALS/PRECIOUS METALS PROJECT
TSUMKWE (Namibia) - Makuri's Vlei Basemetals/Precious Metals Project (Mount Burgess Mining NL 75%/Kimberlite Resources Pty Ltd 25%) ... Results are now to hand from soil sampling work completed at the Company's Makuri's Vlei project. The project covers supercrustal rocks belonging to the pre-Damaran Grootfontein Complex. The Complex comprises a broad range of rock types including sediments, schists, intermediate to malfic volcanics and gneissic to undeformed granitoids. ASX Announcement or COMPANY WEB SITE
COMPANY SECRETARY APPOINTMENT & RESIGNATION
Please note that effective from today (19 July 2001) Joseph Andrew ("Drew") Carter has resigned as Company Secretary and been replaced by Damian William Galvin.... ASX Announcement or COMPANY WEB SITE
NGC RESPONDS TO MSC REPORT
Following is a media release from AGL's subsidiary in New Zealand.... "We have received the Market Surveillance Committee report and are reviewing it in detail. The MSC has a focus on whether specific market rules in parts of the market have been broken and it has reached a conclusion that there is not an undesirable situation with regard to the rules. This does not mean that the rules are right in the first place and that the market is functioning properly," NGC Managing Director John Barton said. ASX Announcement
BECOMING A SUBSTANTIAL HOLDER
Portfolio Partners Limited and entities in the CGNU plc Group became a substantial shareholder in Australian Worldwide Exploration Limited on 18/07/2001 with a relevant interest in the issued share capital of 17,164,200 ordinary shares (8.92%*). ASX Announcement
GOCERLER GAS PIPELINE CONSTRUCTION PROJECT
Construction of the Gocerler to Misinli gas pipeline in Turkey, is anticipated to be completed, hydro pressure tested (10 days ) and approved for gas transmission before the end of August. However, information just received, indicates that the start-up of gas sales is likely to be delayed for several weeks after that, due to an unexpected delivery delay for gas measuring equipment for customer branch lines Amity is endeavouring to minimise this delay. ASX Announcement
TRADING HALT
ASX MARKET RELEASE ... The securities of Amity Oil Limited (the "Company") will be placed in pre-open pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Monday, 23 July 2001 or when the announcement is released to the market. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law ... ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
EXPLORATION ... Drilling at New Bendigo recently intersected 2.4 metres of reef within the S3 ribbon containing 9 pieces of visible gold with an estimated grade of +100g/t Au. This is a continuation of the series of high grade intersections recorded at New Bendigo in drilling and are related to the presence of abundant coarse gold. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law ... ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law ... ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law ... ASX Announcement
THE BROWNS POLYMETALLIC PROJECT FAST TRACKING FACILITATED
MEDIA RELEASE ... Compass Resources NL (Company) is delighted to announce that The Doe Run Company (Doe Run), the world's largest producer of primary lead based in Missouri, will acquire just less than a 5% equity interest in the Company by subscribing US$400,000 (approximately A$790,000) at 48 cents per share as a cornerstone investor in the Company's current equity raising. The Company has to date completed a raising of A$2.1 million at 48 cents per share in addition to Doe Run's investment. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law ... ASX Announcement
DIRECTOR APPOINTMENT & RESIGNATION
Coal & Allied Industries Limited advises that Mr Tadae Nakanishi has resigned from the Board of Directors effective 18 July 2001. Mr Nakanishi has been a director of Coal & Allied since 1991.... ASX Announcement
OPTION INFORMATION RE:PARAGRAPH 6.1 OF APPENDIX 6A
Please find attached the information required by paragraph 6.1 of Appendix 6A with respect to Carnarvon Petroleum NL's (Carnarvon) 7,373,680 listed options exercisable at $4.00 each on or before 28 July 2001. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS ... The Political Risk Insurance claim in respect of the Gold Ridge mine in Solomon Islands was settled at $70 million. This represents the total insured value under the policy. Settlement proceeds were used to retire debt. ASX Announcement
ENVESTRA VICTORIA ISSUES A$250M CREDIT WRAPPED CIB`S/FRN`S
MEDIA RELEASE ... Envestra Victoria Pty Limited ("EnVic") a wholly owned subsidiary of Envestra Limited ("Envestra") has announced today the pricing of an aggregate A$250 million of credit wrapped Capital Indexed Bonds and Floating Rate Notes, each with a maturity of 20 May 2011. ASX Announcement
TONOPAH PROJECT
SUSPENSION OF TONOPAH LEACHING OPERATIONS ANNOUNCED - METALLURGICAL AND ECONOMIC EVALUATIONS TO CONTINUE ... Equatorial Mining Limited's subsidiary Equatorial Tonopah, Inc (ETI), the owner and operator of a copper mining leach operation located near Tonopah, Nevada, announced that because of continuing low metallurgical recoveries and operational problems associated with construction deficiencies, it has suspended leaching operations as of 19 July, 2001. ETI had previously announced in March 2001 the termination of contract mining activities at the site due to continuing shortfalls in production. Despite extensive repair and rework of the facility by ETI personnel over the last 6-9 months, ETI has been unable to reach the copper output required to economically operate the mine. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
QUARTERLY PRODUCTION REPORT TO 30 JUNE 2001 (UNAUDITED) ... Production 973 4,612 911 4,144 - drummed (tonnes U(3)O(8)
APPOINTMENT OF DIRECTOR
The Energy Resources of Australia Limited (ERA) Board of Directors announce the appointment of Mr Wataru Kinugawa as a Director of the Company. Mr Kinugawa replaces Mr Masuo Shibata as Director representing the "C" class shareholders. ASX Announcement
EXPLORATION SUCCESS AT MINJAR
Gindalbie Gold NL ("Gindalbie") is pleased to announce the results of recent exploration drilling at Minjar.... * Deep drilling below the proposed Winddine Well pit identified high-grade mineralisation suitable for underground mining. Intercepts include 14m @ 6.1g/t gold and 5m @ 10.2g/t gold. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
SUMMARY OF ACTIVITIES ... After another excellent quarter of gold production, Goldfields achieved a record annual production of 614,769 ounces and exceeded the previous best result in 1997/98 by 48,098 ounces. ASX Announcement
ACQUIRES NORMET LM
GRD Minproc is pleased to announce it has acquired Normet LM.... Normet LM is a leading provider of project and information systems to the mining industry. In particular, they specialise in providing management support with technical know how in the risk management, training, information systems and metallurgical systems areas. These areas are seen as providing a strategic fit which enables GRD Minproc to provide a full suite of services to clients. Mr Phil Hearse is the driving force behind Normet LM and will continue to run Normet LM. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law ... ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law ... ASX Announcement
CHANGE IN SUBSTANTIAL HOLDING
Leaveland Pty Ltd increased its relevant interest in Haoma Mining NL on 17/07/2001, from 118,171,767 ordinary shares (61.23%) to 123,091,219 ordinary shares (63.89%). ASX Announcement
PROGRESS DRILLING REPORT COURBINE-1A WELL
Hardman Resources NL provides the following progress report for the drilling of the Courbine-1A well offshore Mauritania.... ASX Announcement
PROGRESS DRILLING REPORT - COURBINE 1-A WELL
Hardman Resources NL provides the following progress report for the drilling of the Courbine-1A well offshore Mauritania.... ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
HIGHLIGHTS ... * Commenced drilling within the Timoni Mine Area at Mount Ida. Early results confirm the presence of narrow, high-grade mineralisation along the Dave lode. Results include, 4m @ 22.27 g/t, 1m @ 31.36 g/t, 1m @ 19.16 g/t and 1m @ 21.47 g/t gold. ASX Announcement
PROPOSED 1:15 RIGHTS ISSUE
The first EMD (electrolytic manganese dioxide) production run was completed last week at the company's Demonstration Plant based at Murdoch University. This achievement has substantially reduced the process risk of the company's innovative Electrofuel(TM) Project. The full scale plant, to be constructed at Port Hedland, is designed to produce high quality EMD for the world's alkaline battery industry at a lower cost than any other producer in the world today. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS
NOTICE OF DIRECTOR'S INTERESTS Section 235 of the Corporations Law ... ASX Announcement
NEW BUSINESS CONTRACT - TELECOMITALIA MOBILE
Wholly owned subsidiary, Smart Silicon Systems Pty Ltd, has received its first order for the supply of CardPro readers to Telecom Italia Mobile, Italy's largest mobile phone carrier with over 22 million customers and with a total of over 50 million customers globally. ASX Announcement
APPENDIX 3B - PLACEMENT
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
WIMBLEDON DIAMOND PROJECT UPDATE
The Company has recently completed it's $2 million fund raising and has today formally appointed Dudley Leitch as Managing Director.... A drilling rig has been booked to commence work on the 6th August 2001. The first phase of drilling will comprise some 1600m of reverse circulation drilling. Its purpose is to delineate the overall shape of the diamondiferous kimberlite body which is exposed at two sites some 400metres apart. ASX Announcement
FURTHER TO ACQUISITION OF WANNAWAY NICKEL MINE
Kambalda nickel producer Mincor Resources NL (ASX: MCR) has announced an agreement with WMC Resources Ltd to acquire the Wannaway Nickel Mine in the Kambalda region of Western Australia, just 30 kilometres from its recently commissioned Miitel Mine. ASX Announcement
MINCOR TO ACQUIRE WANNAWAY NICKEL MINE FROM WMC
ACQUISITION WILL CREATE STRONG SYNERGIES WITH MINCOR'S NEARBY MIITEL NICKEL MINE ... The Miitel Joint Venture will pay WMC Resources Ltd a total purchase price of $10 million. Mincor's 76% share of the purchase price will be wholly debt funded. While negotiations with financiers are well advanced, the transaction remains conditional on financing and certain other conditions. ASX Announcement
TRADING HALT
ASX MARKET RELEASE ... The securities of Mincor Resources NL (the "Company") will be placed in pre-open pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Monday, 23 July 2001 or when the announcement is released to the market. ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
HIGHLIGHTS ... * The Granny Smith Joint Venture ("GSJV"- Placer 60% Delta Gold 40%) remains on track to complete the feasibility study on the defined "Chatterbox" open pit mineable oxide resources on tenements M38/101 and M38/535 (total of 6.2m tonnes @ 2.3g/t for 463,000 ounces of gold) by December 2001. ASX Announcement
APPENDIX 3B - LISTING OF OPTIONS
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
CHURCHIE NO.1 PROGRESS REPORT
This morning at 6.00am Eastern Standard Time the Churchie No 1 well was 1711 metres and drilling ahead. The well is being drilled on a new prospect developed by Mosaic Oil and Santos following a seismic survey last year. ASX Announcement
APPENDIX 3B X2 - WORKING CAPITAL
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
PRIVATE PLACEMENT
The directors of Molopo Australia NL wish to advise that a total of 16,280,000 ordinary shares and free attaching options have been placed at $0.05/share raising $814,000. The placement emanates from the shortfall following the closing of the Rights Issue Prospectus dated 4th April 2001. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
OVERVIEW ... - net average realised gold price $538 per ounce ($555 per ounce) - total cash cost $308 per ounce ($251 per ounce) ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT
OVERVIEW ... * Cash margin - $46 per ounce ($88 per ounce) - net average realised gold price $488 per ounce ($489 per ounce) - total cash cost $442 per ounce ($401 per ounce) ASX Announcement
FOURTH QUARTER ACTIVITIES & CASHFLOW REPORT
Active fieldwork recommenced during the quarter with a program of infill geochemical soil sampling at Mt Bundey and the start of reconnaissance field checking of a series of targets in the East Burnside Project area. These activities mark the end of the annual wet season hiatus. ASX Announcement
CEASING TO BE A SUBSTANTIAL HOLDER
Universities Supernanuation Scheme Ltd ceased to be a substantial shareholder in Novus Petroleum Limited on 19/07/2001. ... ASX Announcement
ATP 692P GULUGABA 01 UPDATE
OIL COMPANY OF AUSTRALIA LIMITED ADVISES THAT: ... Gulugaba No 01, a coal seam methane exploration core hole, is situated approximately 10 kilometres south south east of Tin Hut 01, latitude 26 deg 18 min 35.13 sec south, longitude 150 deg 07 min 30.26 sec east. The well was spudded at 14:00 hours on July 01, 2001. 168 mm surface casing was set at 96.0 metres RT. The well was cored from 360 to 440 metres, and a total depth of 535 metres was reached at ll:00 hours, July 13, 2001. The well was abandoned for the landowner to convert into a water bore. The rig was released at 13:00 hours, July 14, 2001. Progress for the week was 82 metres. ASX Announcement
CORRECTION: AUST. LARGEST WIND FARM TO BE OPENED TODAY
MEDIA RELEASE ... Australia's largest wind farm will be officially opened today at Codrington in south west Victoria by Premier Steve Bracks. The 14 visually-spectacular turbines between the coast and Princes Highway, 30 kilometres west of Port Fairy, will generate enough clean electricity to power over 14 000 Victorian homes. ASX Announcement
AUST LARGEST WIND DARM TO BE OPENED BY VIC PREMIER TODAY
MEDIA RELEASE ... Australia's largest wind farm will be officially opened today at Codrington in South west Victoria by Premier Steve Bracks. The 14 visually-spectacular turbines between the coast and Princes Highway, 30 kilometres west of Port Fairy, will generate enough clean electricity to power over 14 000 Victorian homes. ASX Announcement
BEHARRA SPRINGS NORTH 1 PROGRESS REPORT
ASX RELEASE ... Beharra Springs North 1 is located in Production Licence L11 in the onshore Perth Basin, Western Australia. The well is located on a previously undrilled structural closure, approximately 3.5km north of the Beharra Springs gas plant. ASX Announcement
WEEKLY DRILLING REPORT
THURSDAY 19 JULY 2001 ... Oil Search reports that the Moran-6 well, an appraisal/development well in the Moran Central oil field, is currently at a measured depth of 1,827 metres. Progress for the week was 552 metres. Operations at well site are currently curing lost circulation and the forward plan is to pull out of the hole and make up the directional drilling assembly and drill ahead. ASX Announcement
FURTHER TO APPENDIX 3B`S - 28/5/2001
* APPENDIX 3B - NEW ISSUE ANNOUNCEMENT 28 MAY 2001 - RIGHTS ISSUE ... Further to our release on 28 May 2001, we confirm both Ordinary Shares and Options for the Rights Issue have been entered into holding statements today. ASX Announcement
PASMINCO RESTRUCTURES - PRESENTATION TO ANALYSTS
A full copy of this presentation material is available for purchase from ASX Customer Service on 1 300 300 279. Charges apply. ... ASX Announcement
RESPONSE TO ASX SHARE PRICE QUERY
ASX QUERY ... We have noted a change in the price of the Company's securities from a high of 21.5 cents on 12 July 2001 to a low of 13.5 cents today. The Company's securities are currently trading at approximately 14.5 cents. We have also noted an increase in the volume of trading in the securities over this period (particularly today). ASX Announcement
PASMINCO RESTRUCTURES
Pasminco Limited ("Pasminco") today announced a significant restructuring to enhance shareholder value and ensure the company's long term viability in an increasingly competitive global market.... Discussions are progressing with the company's principal lenders to ensure that appropriate liquidity support will be available, if necessary, during the restructuring period and a Memorandum to that end has been signed by the lenders and delivered to Pasminco. ASX Announcement
APPENDIX 3B - RELEASE FROM RESTRICTION REQUIREMENTS
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
SECTION 205G NOTICE - DIRECTOR`S INTERESTS X2
NOTICE OF DIRECTOR'S INTERESTS Section 205G of the Corporations Law ... ASX Announcement
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK) ...
Name of Entity
Petroz NL
DAILY SHARE BUY-BACK NOTICE
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK) ...
Name of Entity
Petroz NL
DAMPIER SALT TO BUY CARGILL`S AUSTRALIAN SALT ASSETS
Dampier Salt Limited (Rio Tinto 64.9%) has reached agreement with Cargill Australia Limited regarding the purchase of Cargill's salt operation located at Port Hedland, Western Australia for US$95 million, plus contingent performance-based payments payable over a number of years, not to exceed US$15 million in aggregate. ASX Announcement
APPENDIX 3B - CONVERSION OF OPTIONS
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. ASX Announcement
ACTIVITY UPDATE
SUMMARY ... * Development drilling and Extended Well Testing activities are proceeding according to schedule at the North Sea oil fields, Kyle and Chestnut. ASX Announcement
FOURTH QUARTER ACTIVITIES REPORT/MEDIA RELEASE
REPORT ON ACTIVITIES For The Quarter Ended 30 June 2001 ... * Gold production of 98,449 fine ounces for the quarter achieves target. ASX Announcement
COMMENCEMENT OF DRILLING ACTIVITIES
The company advises that drilling activities planned for the 2001 field season are underway.... Delineation drilling of the Ashmore 2, 3 and 4 pipes has commenced with a series of holes to 100 metres as a prelude to large diameter drilling. This drill rig will then move on to test a number of targets throughout the project area for new kimberlite discovery from targets generated from geophysical programs (including the BHP Falcon program at Pteropus) and ground-based sampling programs. ASX Announcement
APPENDIX 3B - WOOLGAR GOLD PROJECT/COMPANY ADMINISTRATION
Please find attached Appendix 3B "New Issue Announcement" relating to the issued of 4,000,000 new shares at 4 cents each made on 16/07/2001 by Directors in accordance with Shareholder's resolution made at the AGM on 31/05/2001. ASX Announcement
BOOST IN PRODUCTION AT CO`S CORE COPPER/COAL OPS. FOR JUNE
NIFTY COPPER RAMPING UP TO FULL PRODUCTION CAPACITY OF 25,000 TONNES PA ... In the company's June 2001 quarterly report released today, Straits Resources Limited (ASX: SRL, "Straits") reported excellent production figures for their two main operations, the Nifty copper operation in Western Australia and the Sebuku Coal Mine in Indonesia. ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
SUMMARY ... * SRL debt facilities refinanced by a US$35.3 million limited recourse project finance facility provided to Straits (Nifty) Pty Ltd from ABN AMRO Australia Limited. ASX Announcement
WEEKLY DRILLING SUMMARY TO 19/7/01
SANTOS LIMITED - WEEKLY DRILLING REPORT WEEK ENDING 19/07/2001 ... ASX Announcement
UPDATE ON EAGLE OIL/GAS DEVELOPMENT OPERATIONS
Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.... Current operations at 1600 WST (California) is recommencing drilling at 4,285 metres in the Lower Gatchell Sandstone oil pay after circulating cuttings from bottom. Major drilling break encountered at 4,284 metres. C1 to C4 gas readings increased from yesterday and fluorescence reported. Actual oil shows suppressed by high mud weight. The zone of best porosity and oil saturation which had maximum flow rates in the adjacent Mary Bellocchi #1 well now lies less than a metre in the vertical sense from the present hole bottom. On reaching this position a horizontal well bore of up to 300 metres is programmed in the reservoir target for subsequent testing. ASX Announcement
UPDATE ON EAGLE OIL/GAS DEV. OPERATIONS-USA
Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.... Current operations at 1600 hours WST (California) is drilling ahead at 4,261 metres in the top of the Lower Gatchell Sandstone oil pay zone. Significant C1 to C4 gas readings and fluorescence are being reported but actual oil shows are suppressed by high mud weight. On the basis of correlation of gamma ray logs produced whilst drilling with similar logs from the adjacent Mary Bellocchi # 1 well the bit is now being steered vertically down 2.1 metres into the zone of best porosity and oil saturation which had maximum flow rates in the adjacent well. On reaching this position a horizontal well bore of up to 300 metres is programmed in the reservoir target for subsequent testing. ASX Announcement
CHANGE IN SUBSTANTIAL HOLDING/BECOMING A SUB.SHAREHOLDER
CSFB IGP increased its relevant interest in Titan Resources NL on 19/07/2001, from 10,147,228 ordinary shares (6.944%) to 21,136,239 ordinary shares (14.463%).... ASX Announcement
BECOMING A SUBSTANTIAL HOLDER
Henry A Clive became a substantial shareholder in Troy Resources NL on 18/07/2001 with a relevant interest in the issued share capital of 3,136,007 ordinary shares (5.89%). ASX Announcement
DRILLING REPORT ON EAGLE NO.1
DRILLING REPORT ON EAGLE NO 1, EAGLE OIL POOL DEVELOPMENT PROJECT, SAN JOAQUIN BASIN, CALIFORNIA, USA ... Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a measured depth (MD) of 4,285 metres, and drilling ahead in the top of the Second Gatchell oil zone. ASX Announcement
DRILLING REPORT ON EAGLE NO.1
DRILLING REPORT ON EAGLE NO 1, EAGLE OIL POOL DEVELOPMENT PROJECT, SAN JOAQUIN BASIN, CALIFORNIA, USA ... Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a measured depth of 4,261.5 metres, and drilling ahead in the very top of the Second Gatchell oil zone. ASX Announcement
COMPANY SECRETARY APPOINTMENT & RESIGNATION
Westmag Limited would like to announce the resignation of Mr David Riekie as Company Secretary to the Company. The Board of Directors wish to thank Mr Riekie for his assistance during his time as Company Secretary. ASX Announcement
DIRECTOR APPOINTMENTS
Yesterday the Board of Western Metals Limited resolved to appoint Dr Gary Weiss and Mr Guido Staltari as Directors of the company. These appointments are effective from the 18 July 2001.... ASX Announcement
SECOND QUARTER ACTIVITIES REPORT
REPORT FOR THE QUARTER ENDED 30 JUNE 2001 ... The company's share of production and sales for the quarter ended 30 June 2001 was as follows: ASX Announcement
BECOMING A SUBSTANTIAL HOLDERS205G-NOTICE OF DIR INT X2
Woonda Nominees Pty Ltd became a substantial shareholder in Yamarna Goldfield Limited on 29/06/2001 with a relevant interest in the issued share capital of 10,903,913 ordinary shares (5.88%). ASX Announcement
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Dow Jones | 10,610.00 |
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| ASX200 | 3394.4 | +0.5 | S&P 500 | 1215.02 | +7.31 | |
| All Resources | 1483.1 |
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Nasdaq | 2046.59 |
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| All Mining | 673.9 |
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Gold - spot/oz | US$269.70 |
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| All Gold | 815.2 |
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Silver - spot/oz | US$4.24 |
-0.02 | |
| AGC Explorers | 593 | na | Platinum - spot | US$512.00 | -9.00 | |
| Energy | 1608.9 |
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Palladium - spot | US$510.00 |
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| All Industrials | 5755.7 |
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Bridge CRB Futures Index | 203.83 |
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| FTSE 100 | 5437.4 | +32.8 | Crude Oil (NYMEX) | US$24.78 | -0.15 | |
| Nikkei | 11,908.39 | +15.81 | Copper (spot $US/tonne) | US$1551 |
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| Hang Seng | 12,279.82 | -147.37 | Lead (spot $US/tonne) | US$462 |
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| A$ = US51.47c |
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Zinc (spot $US/tonne) | US$853 |
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| A$ = 63.48yen |
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Nickel (spot $US/tonne) | US$6090 |
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| A$ = 0.591euro |
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Aluminium (spot $US/tonne) | US$1434 |
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5.104% | +0.017 | Tin (spot $US/tonne) | US$4385 |
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RE: PROGRESS REPORT ON EAGLE NO. 1, EAGLE OIL POOL
DEVELOPMENT PROJECT, SAN JOAQUIN BASIN, CALIFORNIA, USA
Lakes Oil N.L. has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that as at 1600 hours California Pacific Daylight Time that the Eagle-1 well was drilling ahead at 4,261 metres in the top of the Lower Gatchell Sandstone oil pay zone. Significant C1 to C4 gas readings with sample fluorescence and cut are being reported but oil shows are being suppressed by high mud weight. On the basis of correlation of gamma ray logs produced whilst drilling with similar logs from the adjacent Mary Bellocchi #1 well, the bit is now being steered vertically down 2.1 metres into the zone of best porosity and oil saturation with maximum flow rates in Mary Bellocchi #1. On reaching this position a horizontal well bore of up to 300 metres is programmed in the reservoir target for subsequent testing.
Eagle No. 1 will be the first well in the Eagle Oil Pool Development Project, a horizontal drilling project targeting potential recoverable reserves of up to 24 million barrels of oil and 62 billion cubic feet of gas.
For details, click here.
Impact of Proposed Qld Government Royalty Scheme
The Directors of Macarthur Coal Limited (ASX:MCC) advise that they are confident of achieving prospectus forecasts for the 2002 financial year. They make this statement in response to suggestions that a proposed new royalty regime would have a negative effect on 2002 outcomes.
Managing Director and CEO, Mr Ken Talbot, said that some press reports had substantially overstated the impact of proposed royalty changes on Macarthur Coal Limited’s profit forecast.
The impact would represent a reduction in NPAT of approximately $0.6 million against a forecast NPAT of $16.6 million for the year ending June 2002.
The Qld Mining Council opposes the proposed changes and is seeking urgent meetings with the Government.
Mr Talbot said that even if the proposals were implemented, a combination of higher than forecast price settlements, increased efficiencies, other cost savings and production enhancements would more than off-set the increased costs. He said the directors had examined the situation and saw no reason to revise the prospectus forecasts.
For additional information, click here.
FINANCING FOR TWIN HILLS SILVER DEPOSIT, TEXAS, QUEENSLAND
On 20th March 2001, Macmin granted BankWest of Perth an exclusive mandate re financing of the capital component of the Twin Hills Mine Development (see Release of 23rd March 2001).
Since that time, BankWest has undertaken extensive due diligence on the above project.
Macmin has today received a proposed Term Sheet from BankWest outlining Indicative Terms and Conditions for the financing of the construction component of the mine development. This Term Sheet is subject to various conditions precedent and final approval by BankWest.
The Term Sheet is complex and will be evaluated by the company, and if necessary its advisors, and a further release will be made in due course.
For additional information, click here.
TSUMKWE (Namibia) –Makuri’s Vlei Basemetals/Precious Metals Project
(Mount Burgess Mining N.L. 75%/Kimberlite Resources Pty Ltd 25%)
The Company has discovered a copper and zinc anomaly 3000 metres long and about 200 metres wide at Makuri’s Vlei, 25 kilometres east of Tsumkwe in Namibia.
Results are now to hand from soil sampling work completed at the Company’s Makuri’s Vlei project. The project covers supercrustal rocks belonging to the pre-Damaran Grootfontein Complex. The Complex comprises a broad range of rock types including sediments, schists, intermediate to mafic volcanics and gneissic to undeformed granitoids.
Basemetals/precious metals potential at Makuri’s Vlei was recognised by the discovery of a small exposure of rocks with magnetite-haematite-specular haematite-limonite and copper oxide mineralisation during regional diamond exploration work.
Mineralisation occurs within an interpreted fold closure at least 5 kilometres in length in close proximity to two regional scale faults or structures. Two ENE-WSW trending, strong magnetic high linear features, approximately 3.5 kilometres in length and 1 kilometre apart, occur along the northern limb of the fold closure.
Nineteen soil sampling lines oriented NNW – SSE and varying in length from 1,050 metres to 3,500 metres were designed to cover the northern limb of the fold closure. An additional 1,300 metre long line to the southwest covers the southern fold closure limb. Sample stations were spaced from 25 metres to 50 metres apart along the sample lines. Ground magnetic surveys were also carried out along three of the lines to determine likely dips of the linear magnetic features.
In total 1,400 samples were submitted for analysis. To date, results for 1,089 samples have been received. The majority of the samples were submitted for analysis for Au, Ag, As, Bi, Co, Cu, Mo, Ni, Pb, Sb and Zn by aqua regia/ICP mass spectrometry. Some gold and silver samples were assayed by aqua regia/AAS.
Results of most significance are those for Cu and Zn. The 3,000 metre long by ±200 metre wide coincident Cu and Zn anomaly overlies the southern of the two linear magnetic anomalies. The Cu anomaly is defined by values greater than 50 ppm with a peak value of 140 ppm over a regional background of <20 ppm Cu. The zinc anomaly is defined by values greater than 40 ppm with a peak value of 100 ppm over a regional background of <30 ppm Zn.
A broad, more diffuse anomaly occurs near the southern margin of the soil survey area. Peak values returned are 56 ppm Cu and 940 ppm Zn with a spot value for Au of 22 ppb over a background of <2 ppb Au.
A drilling rig currently on-site will be mobilised from Tsumkwe to Makuri’s Vlei to drilltest the core portion of the geochemical anomaly. The aim of the programme will be to determine the depth of Kalahari soil cover in the vicinity of the geochemical anomaly and to determine the tenor and nature of mineralisation in the underlying host rocks.
For additional information, click here.
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| All Ords | 3339.6 |
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Dow Jones | 10,569.83 |
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| ASX200 | 3393.9 | -8.8 | S&P 500 | 1207.71 | -6.73 | |
| All Resources | 1514.8 |
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Nasdaq | 2016.17 |
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| All Mining | 676.0 |
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Gold - spot/oz | US$270.30 |
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| All Gold | 810.5 |
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Silver - spot/oz | US$4.26 |
+0.03 | |
| AGC Explorers | 593 | na | Platinum - spot | US$521.00 | -14.00 | |
| Energy | 1646.4 |
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Palladium - spot | US$510.00 |
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| All Industrials | 5736.1 |
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Bridge CRB Futures Index | 204.73 |
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| FTSE 100 | 5404.6 | -23.2 | Crude Oil (NYMEX) | US$24.93 | -0.66 | |
| Nikkei | 11,892.58 | -235.99 | Copper (spot $US/tonne) | US$1542 |
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| Hang Seng | 12,427.19 | -68.06 | Lead (spot $US/tonne) | US$453 |
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| A$ = US51.39c |
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Zinc (spot $US/tonne) | US$843 |
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| A$ = 63.69yen |
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Nickel (spot $US/tonne) | US$5910 |
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| A$ = 0.589euro |
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Aluminium (spot $US/tonne) | US$1419 |
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| US 30-Year Bond |
5.087% | -0.092 | Tin (spot $US/tonne) | US$4300 |
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Pan Australian Resources N.L. has much pleasure in announcing the appointment to its Board of Mr Phillip Hutchings. Mr Hutchings is an engineer with extensive corporate experience in the mining industry including the management and the funding of minerals projects.
Mr Hutchings fills a vacancy formed by the resignation of Mr Geoff McMahon, whose decision to retire reflects the change in equity holdings in the Company after recent capital raisings.
For additional information, click here.
Following the recent successes of the drilling program currently in progress, its subsidiary Australian CBM Pty Ltd, has applied for a petroleum production lease (PL) in the Chinchilla area of southeast Queensland. The PL Application Area covers 258 square kilometres and encompasses the successful CBM discoveries at Darvall-1 and Dundee-1.
The PL Application area is located in Queensland Authority to Prospect (ATP) 676P - an asset 100% owned by Australian CBM Pty Ltd (ACBM) (subject to Queensland Gas Company's farm in rights over 9 of the 69 tenement blocks). Arrow owns 55% of ACBM and has an option to acquire the remaining 45%.
The Application includes the justification that payable deposits of petroleum have been discovered within the Application area as well a brief development plan. ACBM will have 100% interest in the PL when it is granted.
JUNE QUARTERLY REPORT - SUMMARY
There continues to be considerable uncertainty surrounding the future of the Panguna mine. Since the withdrawal of company personnel from Bougainville was completed on 24 March, 1990, there has been no care and maintenance of the company's assets. It seems certain that considerable deterioration of the assets will have occurred in the intervening period because of this lack of care and maintenance, their exposure to the elements, and possible vandalism, pilferage and militant action. However, as access to the mine site has not been possible, the extent of the necessary write-downs is not capable of reliable measurement or estimation. At the same time, because the assets are not in use, normal depreciation charges, to reflect wear and tear from their utilisation in production, are not technically appropriate.
The directors note that the economic viability of mining operations would depend upon a number of factors which they cannot accurately predict, including the cost of recommissioning, likely future operating costs, government and community requirements, funding arrangements, the market and economic outlook at the time. It is not possible at present to determine the degree of damage and deterioration to assets, which might have occurred during the period of suspension of operations.
HALF-YEAR - FINANCIAL SUMMARY
Commenting on the results, Coal & Allied Chairman, Mr Barry Cusack said, "Volume gains provided by the Peabody and Lemington acquisitions contributed to this good result, despite the additional costs relating to those gains and the increased interest costs arising from the acquisitions."
"The benefits of these acquisitions are being enhanced by the integration of the six newly acquired mines to achieve cost efficiencies, which will be a continuing major focus through the second half," Mr Cusack said.
"Despite the uncertain economic environment in key markets in Asia, coal demand is likely to increase as a result of continuing high energy demand. Coal & Allied will benefit from the full impact of price increases for export coal in the second half because of its strong contract position with its customers."
A new discovery of copper-gold mineralisation has been made at the Turpentine prospect, four kilometres north west of Eight Mile Creek North at the Company's Hazel Creek project in Queensland.
The drill intercepts are associated with a large and previously untested magnetic anomaly and a coincident electromagnetic conductor.
The mineralisation is interpreted to have an easterly dip, a true thickness of 20 metres and is open to the north, south and at depth (refer cross-section and plan showing magnetic image). The minerlisation is hosted by quartz-magnetite-biotite altered meta-sediments. Depth of overburden is approximately two metres.
The discovery hole, EHRC105, intersected 22 metres grading 1.47% copper and 0.17g/t gold from 16 metres down hole, including 10 metres grading 2.54% copper from 16 metres down hole. Three additional intersections support EHRC105, the best being 30 metres grading 1.74% copper and 0.58g/t gold from 42 metres, including 14 metres grading 2.18% copper and 0.94g/t gold from 42 metres in EHRC142. The higher cut-off grade portions of the intercepts display relatively consistent copper grades.
The good copper and gold grades, the width of the drill intercepts and the shallow depth of cover highlight the potential for an economic deposit at Turpentine.
Further drilling is planned to assess the strike of the mineralisation.
Golden West Refining Corporation Limited's ("GWRC") wholly owned subsidiary Golden West (Australasia) Pty Ltd ("GWA") has contracted to sell its 50% partnership interest in the AGR Joint Venture ("AGR") to Australian Gold Alliance Pty Ltd ("AGA") a company associated with major Australian gold producers for approximately $13.257 million.
Additional consideration of $0.85 million in cash will be paid by the West Australian Mint ("WAM") to GWA if certain objectives are achieved by AGR within a two year timeframe.
GWRC's partner in AGR, the WAM, a subsidiary of the Western Australian Government-owned Gold Corporation, will retain its 50% interest in AGR.
GWRC's decision to sell its partnership interest in AGR follows careful consideration by GWRC's Board of the alternative corporate and asset strategies available following significant losses in North America with respect to GWRC's wholly owned subsidiary, Handy & Harman Refining Group, Inc ("HHRG").
Hardman Resources NL provides the following progress report for the drilling of the Courbine-1A well offshore Mauritania.
Current depth 3,727 metres. Presently conducting BOP tests prior to drilling ahead in 8(1/2) inch hole to the primary objective.
The company has discovered a new zone, now called the Southwest Oyu zone, containing potentially significant porphyry gold, copper and molybdenum mineralization within its Turquoise Hill (Oyu Tolgoi) Project in southern Mongolia.
Recent exploration drilling encountered the hypogene mineralization in extensive quartz stockwork chalcopyrite and bornite sulphides and magnetite, which lies under a broad zone of near-surface copper oxide that is potentially amenable to the SX/EW process to produce cathode copper. Hole OTRCD-150 (035 azimuth at - 55 degrees), Ivanhoe's first deep diamond hole to test the hypogene potential of the Southwest Oyu zone, was drilled to a depth of 590 metres and averaged in excess of one gram of gold per tonne and 0.81% copper over a distance of 508 metres, from 70 metres to 578 metres. It included a zone of 278 metres from 188 to 466 metres, grading in excess of 1.0% copper and approximately 1.50 grams of gold.
Commonwealth Bank of Australia became a substantial shareholder in Macarthur Coal Limited on 13/07/2001 with a relevant interest in the issued share capital of 6,545,000 ordinary shares (5.09%).
JUNE QUARTER - HIGHLIGHTS
JUNE QUARTER - KEY POINTS
OVERVIEW
PRODUCTION
DEVELOPMENT
EXPLORATION
CORPORATE
(Numbers in brackets reflect the comparable figure for the March 2001 Quarter.)
Novus Petroleum Ltd is pleased to announce that in a recent Texas State mineral lease auction, held in Austin Texas on 10 July 2001, a total of 32 leases (from 37 bids) were awarded to a joint venture comprising Novus and BNP Petroleum Corp. The gross cost of the leases to the joint venture, in which Novus holds a 30% working interest, will be US$4,116,540.
The Padre Island Project Area comprises an area both onshore and adjacent to Padre Island, South Texas. The new leases are in Texas State waters in the lagoon between Padre Island and the mainland and in very shallow waters of the Gulf of Mexico to the east of the island.
Summit Resources Limited (NZSE;ASX-SMM), have today commenced drilling the first of five diamond drill holes targeted at lead, zinc and copper mineralisation on our Isa North project in northwest Queensland. The project is part of the Isa North Funding and Joint Venture with Noranda Pacific Pty Ltd, the Australian subsidiary of Toronto listed Noranda Inc (TSE;NYSE-NRD) an international mining and metals company.
The drill target is base metal mineralisation in black shale (mine sequence rocks) along the Mount Isa Fault. These rocks to the south host the Isa Copper, Isa Lead Zinc, Hilton and George Fisher Lead Zinc mines below and east of the Mount Isa Fault.
Summit has contracted Century Drilling to initially complete 3,000 metres of drilling. Century's drill rig, a UDR 1000, is located approximately 2.0 kilometres north of MIM's George Fisher Mine and is drilling to the east (see Plan). The hole (INDDH1) is designed to intersect the Mount Isa Fault and then the mine sequence shales below the fault with the target around 300 to 600 metres down hole.
Drilling of INDDH1 is anticipated to take around 10 days. On completion of INDDH1 the second hole will commence immediately with the collar location dependant on drilling results from the current hole.
JUNE QUARTER - SUMMARY:
GENERAL
During the quarter production of Dense Medium Magnetite for use in Coal Washerles continued.
MINING
Mining from Kara No 1 continued during the period with 19,128 tonnes of ore being mined from the Kara No 1 pit and delivered to the concentrator plant stockpiles. In addition 131,000 tonnes at overburden was removed.
MILLING OPERATION
During the period the concentrator plant treated 22,296 tonnes of ore. A total production of 10,764 tonnes of magnetite iron ore fines was achieved.
SALES
Sales during the period were 14,138 tonnes of magnetite iron ore fines.
EXPLORATION
No exploration was carried out during the quarter.
CSFB (UNW) IEP SPRL and CSFB IGP became a substantial shareholder in Titan Resources NL on 16/07/2001 with a relevant interest in the issued share capital of 10,147,228 ordinary shares (6.944%).
N M Rothschild Australia Holdings Pty Limited became a substantial shareholder in Titan Resources NL on 16/07/2001 with a relevant interest in the issued share capital of 10,989,011 ordinary shares (6.99%).
The Company is pleased to announce that it has reached agreement with Independence Gold NL and Dolphin Resources Pty Ltd for the exploration and mining of manganese ore covering applications for tenements E52/1529 and E52/1530 in return of a payment equivalent to a royalty of 7.5% per tonne of the gross price received by Tuart (based on percentage manganese at world market prices) per tonne of manganese ore shipped.
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a measured depth of 4,245 metres, and drilling ahead.
High Trip Gas readings of 82 units from 4,240 metres were recorded at the resumption of drilling. As the transition zone towards the Second Gatchell Sandstone objective is drilled, increasing C3 and C4 background gases are being observed.
Gatchell Sandstone sample fluorescence interpreted to be indicative of an oil bearing sand, observed to commence at 4178 metres, continued to 4,199 metres measured depth, the interpreted base of the first Gatchell Sandstone and is interpreted to be equivalent to the first Gatchell Sandstone oil zone drilled in the adjacent vertical Mary Bellocchi#1 well bore.
Although the first Gatchell Sandstone is not the primary target for the horizontal well, its presence and the successful predicted correlation with the adjacent original Mary Bellocchi#1 well bore, provide encouragement for the presence of the Second Gatchell Sandstone as a valid potentially oil bearing target for the horizontal well bore planned to be drilled in this zone.
Directional drilling towards the Second Gatchell Sandstone zone primary objective and horizontal well section commenced at 3,980m, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4257-4557 metres Measured Depth (MD) is programmed for the Second Gatchell Sandstone zone. The well is planned to be drilled to a measured depth of 4557 metres.
The Renaissance Consortium increased its relevant interest in Western Metals Limited on 16/07/2001, from 149,176,922 ordinary shares (18.44%) to 161,406,139 ordinary shares (19.95%).
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| All Ords | 3347.5 |
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Dow Jones | 10,606.39 |
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| ASX200 | 3402.7 | -18.5 | S&P 500 | 1214.44 | +11.99 | |
| All Resources | 1532.5 |
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Nasdaq | 2067.32 |
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| All Mining | 673.6 |
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Gold - spot/oz | US$267.90 |
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| All Gold | 804.1 |
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Silver - spot/oz | US$4.23 |
+0.04 | |
| AGC Explorers | 593 | na | Platinum - spot | US$535.00 | -11.00 | |
| Energy | 1672.9 |
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Palladium - spot | US$515.00 |
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| All Industrials | 5740.9 |
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Bridge CRB Futures Index | 206.13 |
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| FTSE 100 | 5427.8 | -89.3 | Crude Oil (NYMEX) | US$25.59 | -0.32 | |
| Nikkei | 12,128.57 | -214.80 | Copper (spot $US/tonne) | US$1545 |
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| Hang Seng | 12,495.25 | -129.28 | Lead (spot $US/tonne) | US$447 |
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| A$ = US50.88c |
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Zinc (spot $US/tonne) | US$843 |
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| A$ = 63.59yen |
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Nickel (spot $US/tonne) | US$5955 |
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| A$ = 0.592euro |
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Aluminium (spot $US/tonne) | US$1419 |
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| US 30-Year Bond |
5.179% | +0.004 | Tin (spot $US/tonne) | US$4380 |
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Drill rig JD1 moved from Darvall-1 to set up at the Dalmane-1 drill site located about 4 kilometres northeast of Dundee-1.
Darvall-1 reached total depth of 245 metres on Friday July 13. The well was cased and cemented to 70 metres on Saturday July 14. On Monday, July 16, a post drilling final flow test of the hole was carried out to test the various coal seams packages encountered during drilling. These included thick seam packages between 160 and 193 metres and 228 and 243 metres as well as the shallower Macallister coal seam package between 76 and 129 metres reported earlier. A flow test of the entire hole yielded gas to surface in 1.5 seconds followed by water at high rates. On a (1/8) inch choke, the water flowed at 65 kilopascals. A second test run with the choke removed resulted in surging water and gas flows that did not stabilise.
A third test whereupon the drill pipe was moved up to 194 metres had gas to surface in 50 seconds and gas and water after 3 minutes and flowed up to 40 kilopascals before the pressure dropped to zero due to water suppression of the gas.
Commonwealth Bank of Australia increased its relevant interest in Australian Worldwide Exploration on 12/07/2001, from 17,364,668 ordinary shares (9.02%) to 36,829,199 ordinary shares (19.13%).
The Australian Worldwide Exploration group advises that the Limestone Ridge-1 well in PEL32 in the Otway Basin, South Australia, spudded on 12 July and as at 0800 hours on 17 July, the well was drilling ahead at 1750m towards the Pretty Hills Sandstone objective at approximately 2750m.
Bligh Oil & Minerals reports that the Kauri-1 is at a depth of 4,350 metres. The current operation is running back in hole following a bit change. Drilling will continue in 8(1/2)" hole towards the proposed target depth of 4,500 metres.
Civil engineering works for the Rimu production facilities are proceeding. Site earthworks and the laying of flowlines from the A and B pads to the production facility site are underway. The initial stage of the production facilities are designed to handle 3,500 bopd and 10mmcf/d of gas, and are planned to be commissioned during the fourth quarter, 2001.
Extended production testing of the Rimu A and B pad wells commenced in April, and is ongoing. The Rimu A3 Tariki sandstone has been acid treated to remove formation damage suffered by the reservoir during drilling operations. Flow testing of the well following the acid treatment has commenced.
JUNE QUARTER HIGHLIGHTS
An engineering syndicate comprising Lycopodium, Simon Engineering and Henry Walker Eltin, with specialist input from Hatch Engineering, Ausmelt and Snowdens, has completed a COS for the Browns Polymetallic (Project). This Study has provided key technical and costing data which will enable the Company to rapidly evaluate and determine the optimum economic Project for development.
Iluka Corporation Limited increased its relevant interest in Consolidated Rutile Limited on 16/07/2001, from 75,077,584 ordinary shares (43.34%) to 78,986,037 ordinary shares (45.59%).
Partly paid ordinary shares remained unchanged - Nil.
A production-casing string has been run in the Langford 25 #3H-TXV well in Hardeman County Texas. The Langford re-entry horizontal was designed to penetrate a seismically defined Mississipian mound some 256 feet above the lowest known oil based on existing well control.
The actual drilling data now to hand suggests that this prognosis is correct with the actual intersection being 305 feet above the drill defined lowest known oil.
This was evidenced while drilling in the directional hole at 8,295 feet when the well experienced a drilling break indicating a zone of porosity and permeability that caused the mud system to lose circulation. The Operator observed the drilling rate, upon entering this zone, increased to two feet per minute, indicating the target fracture zone has been penetrated.
Paterson drilling rig #33 has been released and a completion rig is due on location within two weeks to enable completion and testing of the well.
Project operator, Anglo American Australia Pty Ltd, has advised that it has received complete assays from the recently completed drilling program on the Company's Black Shale Lead-Zinc project at Ravensthorpe.
The drilling was designed to test the 5km long lead-zinc anomaly generated by soil and auger sampling.
A program involving 15 RC holes, including 3 diamond tails, was completed. The most significant result was obtained in the Bandalup Gossan area in diamond tail BDRCD 001, which was drilled behind and below the previous intersection in BGD 1 (36.6m @ 1.09% Zn and 1.07% Pb, including 5.4m @ 2.62% Zn and 2.31% Pb).
Hole BDRCD 001 intersected 45m @ 1.32% Zn and 0.79% Pb from 226 to 271m, including 2m @ 5.17% Pb and 2.46% Zn, and 3m @ 3.09% Pb and 4.9% Zn (Fig 1).
Observations from the core indicate the mineralisation is structurally controlled. This observation is supported by the results of an airborne Electromagnetic (EM) survey, which shows the area to the north of the above two holes as being structurally complex.
The remainder of the RC drill holes intersected anomalous Pb-Zn values generally below and confirming previous anomalous values from RAB drilling. None of the RC intersections warrant follow-up at this stage.
A program involving detailed structural field mapping and structural logging will commence in August, concentrating initially on the Bandalup Gossan or BGD 1 area as a precedent to further drilling to test the associated EM anomalies.
The management of Horizon Energy Investment Group (Horizon) believes there has been two significant developments in regard to Horizon's investment in Loy Yang Power.
Firstly, due to improved operating conditions, it is now expected that Loy Yang Power, and consequently Horizon, will record a profit for the year ended 30 June 2001. Previous indications given to the market had been for a small loss. Horizon expects to release its financial report for the period on 5 September 2001.
Secondly, we have been informed by the management of Loy Yang Power that, as a result of plant enhancements and improved operating efficiencies, they expect to increase the output of each of the four existing generators by around 45 - 50 megawatts (around 10%) over nameplate capacity. This can be achieved at minimal additional capital cost to the normal major maintenance outages undertaken on each unit every 6 years.
Lafayette is pleased to announce that the Philippines Department of Environment and Natural Resources ("DENR") has yesterday issued an Environmental Compliance Certificate ("ECC") for the Company's Rapu Rapu Project.
The ECC is the principal regulatory approval enabling project development in the Philippines.
The Directors are highly gratified by this endorsement of the Project by the Government of the Philippines. When developed, the Project will be one of the largest mines in the country and generate in excess of $600 million of export earnings.
Mark Gareth Creasy became a substantial shareholder in Lion Selection Group Limited on 21/06/2001 with a relevant interest in the issued share capital of 5,150,000 ordinary shares (5.14%).
Matrix Oil NL today announced plans to drill up to two new wells before Christmas aimed at substantially increasing reserves in its highly prospective Asahan and Glagah-Kambuna contract areas in the Malacca Straits, offshore North Sumatra.
Technical Director, Mr Phil Davies, believes that field sizes of 200-400mmb of oil and 1-2 TCF of gas are possible. "One of the reasons we are excited about this area is that, for the first time, we have been able to integrate the seismic work of both the Glagah/Kambuna and larger Asahan contract areas" he said. To date, a total of 28 prospects have been identified in the combined contract areas.
In the previous three years annual reports the Company has referred to a contingent liability in respect of a claim by a contractor for an alleged breach of a consultancy agreement and/or alleged contravention of section 52 of the Trade Practices Act.
The company has consistently believed that the claim could be satisfactorily defended. However, the cost of legal fees and senior management time in the litigation process to date has proved to be an unnecessary drain on the resources of the Company.
At a mediation conference held yesterday the Company reached a settlement of the matter which will require the Company to issue 2,250,000 shares at an ascribed value of 7 cents per share and to pay $35,000 to the contractor.
Rimfire have signed a Heads of Agreement to conduct exploration and resource evaluation of the extensive zeolite deposit on EL 5866 at Currabubula 30 kilometres southwest of Tamworth in New South Wales.
Initial investigations indicate that the zeolite, clinoptilolite, which is present within the licence area, is in increasing commercial demand.
Under the terms of the Agreement entered into with Mr Tony Paola of Currabubula Holdings Pty Ltd (the exploration title holder and landowner) Rimfire will earn a 50% interest in the tenement by conducting a mining feasibility and marketing study of the deposit and setting up a mining operation. The difference between the expenditure thus accrued and a valuation at 10% of the resource plus freehold of any proposed mining area will be made up from production proceeds to bring each party to a 50% holding in a joint venture arrangement.
Rimfire geologist, Terry Harbort, will be on site to commence resource drilling on the 20 July 2001.
The Agincourt-5H development well commenced drilling at 01.30 hours on 17 July 2001.
The surface location for the well is in TL/6, being 6.5 kilometres west of Varanus Island, at latitude 20deg40'12.45"S and longitude 115deg30'46.74"E. The well will be deviated to intersect the reservoir immediately north of the Agincourt-1 well and extend approximately 900 metres horizontally through the reservoir in a northeast direction.
As at 6.00am today, the well has drilled ahead to 98 metres measured depth.
The well will continue to drill ahead to the planned total depth of 3,620 metres measured depth (1,815 metres true vertical depth). It is anticipated to take 20 days to complete drilling operations.
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a measured depth of 4,240 metres, and drilling ahead. Gatchell Sandstone sample fluorescence interpreted to be indicative of an oil bearing sand, observed to commence at 4178 metres, continued to 4,199 metres measured depth, the interpreted base of the first Gatchell Sandstone and is interpreted to be equivalent to the first Gatchell Sandstone oil zone drilled in the adjacent vertical Mary Bellocchi#1 well bore.
Although the first Gatchell Sandstone is not the primary target for the horizontal well, its presence and the successful predicted correlation with the adjacent original Mary Bellocchi#1 well bore, provide encouragement for the presence of the Second Gatchell Sandstone as a valid potentially oil bearing target for the horizontal well bore planned to be drilled in this zone.
Directional drilling towards the Second Gatchell Sandstone zone primary objective and horizontal well section commenced at 3,980m, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres Measured Depth (MD) is programmed for the Second Gatchell Sandstone zone. The well will be drilled to a measured depth of 4557 metres.
Woodside Petroleum Ltd, Operator of the Mauritania, Area B Joint Venture, reports that the Courbine-1A ST1 well is at a depth of 3727 metres and is currently cementing 9(5/8) inch casing.
RE: PROGRESS REPORT ON EAGLE NO. 1, EAGLE OIL POOL
DEVELOPMENT PROJECT, SAN JOAQUIN BASIN, CALIFORNIA, USA
Lakes Oil N.L. has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that as at 1600 hrs on 15 July, 2001, California Pacific Daylight Time the well is continuing to slowly drill ahead from 4,231 metres building final angle (now 3 degrees from horizontal) in transition zone to Lower Gatchell Sandstone oil pay. C1 to C4 gas readings reported, no shows as yet. Top of oil pay predicted at 4,257 metres. The hole is in survey and is now being steered to be horizontal (90 degrees) at revised target depth of 4,257 metres in Lower Gatchell Sandstone. A horizontal well bore of up to 300 metres is programmed in the reservoir target at 4,257 metres depth for subsequent testing.
Eagle No. 1 will be the first well in the Eagle Oil Pool Development Project, a horizontal drilling project targeting potential recoverable reserves of up to 24 million barrels of oil and 62 billion cubic feet of gas.
EPP24, OFFSHORE, SOUTH AUSTRALIA
Discussions are continuing with several interested parties regarding the possible farm-in to the permit which, if successful would result in Lakes having a reduced interest (currently 100%), but would also have the effect of reducing Lakes capital commitments.
PEP 155, PEP156, PEP 157 AND PEP 158, ONSHORE GIPPSLAND BASIN, VICTORIA
Investigations have continued on the possibility of fracturing tight sands encountered in recently drilled North Seaspray-1, Trifon-1 and Gangell-1 wells.
Samples of the Strzelecki Formation have been sent to USA for analysis, results are still awaited. Initial permeability and porosity results, when compared with USA tight sands which are currently being stimulated by fracturing would appear positive, however confirmation of this comparison by actual laboratory analysis will be needed.
Should these results continue to be positive, Lakes plans re-open all three wells, run additional logs and re-test the wells after fracturing the formation.
For details, click here.
JUNE QUARTER:
A solid quarter but markets getting tougher:
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| All Ords | 3365.3 |
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Dow Jones | 10,472.12 |
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| ASX200 | 3421.2 | +24.7 | S&P 500 | 1202.45 | -13.23 | |
| All Resources | 1549.6 |
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Nasdaq | 2029.12 |
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| All Mining | 678.4 |
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Gold - spot/oz | US$266.90 |
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| All Gold | 808.3 |
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Silver - spot/oz | US$4.19 |
-0.09 | |
| AGC Explorers | 593 | na | Platinum - spot | US$546.00 | +1.00 | |
| Energy | 1695.1 |
|
Palladium - spot | US$535.00 |
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| All Industrials | 5765.7 |
|
Bridge CRB Futures Index | 205.45 |
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| FTSE 100 | 5517.1 | -19.9 | Crude Oil (NYMEX) | US$25.91 | -0.23 | |
| Nikkei | 12,343.37 | -11.78 | Copper (spot $US/tonne) | US$1536 |
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| Hang Seng | 12,624.53 | +11.74 | Lead (spot $US/tonne) | US$452 |
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| A$ = US50.81c |
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Zinc (spot $US/tonne) | US$848 |
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| A$ = 63.71yen |
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Nickel (spot $US/tonne) | US$5995 |
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| A$ = 0.596euro |
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Aluminium (spot $US/tonne) | US$1424 |
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| US 30-Year Bond |
5.175% | -0.059 | Tin (spot $US/tonne) | US$4435 |
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Commonwealth Bank of Australia changed its relevant interest in Australian Worldwide Exploration Limited on 11/07/2001, from 16,591,359 ordinary shares (14.58%) to 17,364,668 ordinary shares (9.02%).
Iluka varies its Offer by extending the period during which the Offer will remain open by 1 month so that it will now close at 7.30pm, AEST on 16 August 2001.
Cue Energy announces that the SEG-10 well spudded at 6:30 pm on 15th July 2001.
The SEG-10 well will be drilled as a deviated hole from the SEG-2 well pad to a bottom hole location approximately 700 metres ENE of the SEG-2 well. SEG-10 will provide an additional oil production point in the SEG-2 fault segment of the field.
The well is expected to take approximately 50 days to drill and complete.
Hardman Resources NL provides the following progress report for the drilling of the Courbine-1A well offshore Mauritania.
Current depth 3,727 metres. Cementing 9(5/8) inch (244mm) casing prior to drilling ahead in 8(1/2) inch hole to the primary objective.
Perpetual Trustees Australia Limited increased its relevant interest in Iluka Resources Limited on 13/07/2001, from 25,303,595 ordinary shares (11.69%) to 27,713,638 ordinary shares (12.75%).
The securities of Lafayette Mining Limited will be placed in pre-open pending the release of an announcement by the Company.
MINERALS CORPORATION LIMITED (ASX CODE: MSC) EXTENDS ITS KAOLIN MARKETING REACH
N M Rothschild Australia Holdings Pty Ltd became a substantial shareholder in Novus Petroleum Limited on 02/07/2001 with a relevant interest in the issued share capital of 8,035,967 ordinary shares (5.04%).
JUNE QUARTER:
PRODUCTION
Production of silica for the quarter is as follows:-
JUNE QUARTER MARCH QUARTER
30/06/2001 31/03/2001
PRODUCTION PRODUCTION PRODUCTION PRODUCTION
(TONNES) EXPENDITURE (TONNES) EXPENDITURE
SILICA 14,075 $42,226 15,206 $45,619
DEVELOPMENT AND EXPLORATION EXPENDITURE
During the quarter ending 30th June 2001 there was no expenditure incurred on development and exploration.
INFORMATION - MINING LEASE
Silica Mining Lease - Located at Londonderry, New South Wales and operated by PB White Minerals Pty Ltd.
Titan Resources NL today announced that a leading international investment fund will become its major shareholder with a 19.9 percent interest and will provide additional funding for the commercialisation of its revolutionary BioHeap(TM) metallurgical process for nickel and copper recovery.
Titan announced to the Australian Stock Exchange today that CSFB Private Equity, the global private equity arm of the global investment banking group Credit Suisse First Boston which has over US$25 billion in private equity funds under management, will soon move onto the Titan share register as a cornerstone shareholder under an agreement between the Company, CSFB Private Equity and N M Rothschild and Sons (Australia) Limited.
The securities of Tuart Resources will be placed in pre-open pending the release of an announcement by the Company.
The Company wishes to advise, following the Corporate Governance announcement of 5th July, 2001, in relation to the removal of Directors under Section 203D of the Corporations Law, that the shareholder meetings called for Thursday 26th July have been cancelled. The reason for these single purpose meetings to remove directors is now not required as:
SOUTHERN WINE CORPORATION LIMITED
Carol Norma Hardie has resigned as a Director of the company.
DIAMOND RIDGE MANAGEMENT CO LIMITED
Dean George Scook and Carol Norma Hardie have resigned as Directors of the company.
This now terminates any involvement whatsoever of Scook and Hardie in the management and operations of Tuart Resources.
Union Capital Limited announces that further encouraging infill drilling results have been returned from the East Ridge area of the Mehdiabad Zinc Project in Central Iran. The results from Hole's 7924, 7926, 7928 and 7932 further define, upgrade and generally support the zinc resource identified in this area.
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a measured depth of 4,231 metres, and drilling ahead. Gatchell Sandstone sample fluorescence interpreted to be indicative of an oil bearing sand, observed to commence at 4178 metres, continued to 4,199 metres measured depth, the interpreted base of the first Gatchell Sandstone and is interpreted to be equivalent to the first Gatchell Sandstone oil zone drilled in the adjacent vertical Mary Bellocchi#1 well bore.
Although the first Gatchell Sandstone is not the primary target for the horizontal well, its presence and the successful predicted correlation with the adjacent original Mary Bellocchi#1 well bore, provide encouragement for the presence of the Second Gatchell Sandstone as a valid potentially oil bearing target for the horizontal well bore planned to be drilled in this zone.
Directional drilling towards the Second Gatchell Sandstone zone primary objective and horizontal well section commenced at 3,980m, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres Measured Depth (MD) is programmed for the Second Gatchell Sandstone zone. The well will be drilled to a measured depth of 4557 metres.
Further drilling will begin within weeks as part of early development planning in exploration permits off south-western Victoria, following significant gas discoveries earlier this year.
Woodside Energy Ltd, Origin Energy Resources Limited, and Benaris International NV have approved the drilling of the Thylacine-2 appraisal well in permit T/30P in the Otway Basin in late July-early August.
The joint venture discovered the Thylacine gas field in this permit with their first exploration well, drilled in May this year.
Woodside, Origin, and CalEnergy Gas (UK) Ltd, joint venture participants in the neighbouring permit, VIC/P43, are considering plans for the early drilling of an additional well to follow-up their gas discovery at Geographe, about 15km north-east of Thylacine. The Geographe-1 gas discovery was made in June.
The Ocean Bounty drilling rig, which made both discoveries, is expected to return to the Otway Basin for the drilling campaign in late July-early August.
Woodside's General Manager South East Australian Gas, Barry Adams, said the joint venture parties were excited by the discoveries and were looking forward to further exploration and the start of appraisal work.
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| All Ords | 3342.1 |
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|
Dow Jones | 10,539.06 |
|
| ASX200 | 3396.5 | +3.9 | S&P 500 | 1215.68 | +7.54 | |
| All Resources | 1542.5 |
|
Nasdaq | 2084.79 |
|
|
| All Mining | 678.9 |
|
Gold - spot/oz | US$266.90 |
|
|
| All Gold | 815.9 |
|
Silver - spot/oz | US$4.28 |
+0.04 | |
| AGC Explorers | 593 | na | Platinum - spot | US$545.00 | -10.00 | |
| Energy | 1690.4 |
|
Palladium - spot | US$546.00 |
|
|
| All Industrials | 5723.7 |
|
Bridge CRB Futures Index | 207.31 |
|
|
| FTSE 100 | 5537.0 | +55.4 | Crude Oil (NYMEX) | US$26.14 | -0.31 | |
| Nikkei | 12,355.1 | -52.80 | Copper (spot $US/tonne) | US$1547 |
|
|
| Hang Seng | 12,612.7 | -47.41 | Lead (spot $US/tonne) | US$452 |
|
|
| A$ = US50.70c |
|
Zinc (spot $US/tonne) | US$859 |
|
||
| A$ = 63.38yen |
|
Nickel (spot $US/tonne) | US$6055 |
|
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| A$ = 0.593euro |
|
Aluminium (spot $US/tonne) | US$1426 |
|
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| US 30-Year Bond |
5.234% | +0.004 | Tin (spot $US/tonne) | US$4445 |
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RE: PROGRESS REPORT ON EAGLE NO. 1, EAGLE OIL POOL
DEVELOPMENT PROJECT, SAN JOAQUIN BASIN, CALIFORNIA, USA
Lakes Oil N.L. has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that the Eagle-1 well is at a depth of 4,199 metres, and drilling ahead. Gatchell Sandstone sample fluorescence interpreted to be indicative of an oil bearing sand, observed to commence at 4,178 metres has continued to 4,199 metres measured depth, the interpreted base of the first Gatchell Sandstone and is interpreted to be equivalent to the first Gatchell Sandstone oil zone drilled in the adjacent vertical Mary Bellocchi#1 well bore.
Although the first Gatchell Sandstone is not the primary target for the horizontal well, its presence and the successful predicted correlation with the adjacent original Mary Bellocchi #1 well bore, provide encouragement for the presence of the Second Gatchell Sandstone as a valid potentially oil bearing target for the horizontal well bore planned to be drilled in this zone.
Directional drilling towards the primary objective and horizontal well section commenced at 3,980 metres, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4,257 – 4,557 metres is programmed. The well will be drilled to a measured depth of 4,557 metres.
For details, click here.
At 12:00 PM today Darvall-1 was at 237 metres and is planned to reach total depth of 250 metres at 2:00 PM. Wireline logs will be run prior to running casing tomorrow.
Casing will be set to 70 metres above the Macalister coal seams where 7 metres of net coal with good gas shows are interpreted over the interval from 76 to 129 metres. Gas flows of 8000 cubic feet per day with water flows ranging from 1494 to 3300 barrels per day were recorded. Arrow interprets that the high water flows have suppressed the gas flows and believes that following dewatering, the coal seams should produce at commercial flow rates.
Given the success of the first two wells of Arrow's current drilling program in the Chinchilla area, Arrow has decided to drill at least one additional well in the area. The well, called Dalmane-1, is to be located 4 kilometres northeast of the Arrow's successful CBM well, Dundee-1 (see Figure 1). Dalmane-1 will be drilled to a total depth of 240 metres and is prognosed to intersect the Macalister, Wambo/Iona and Argyle coal seams that yielded gas flows totalling 122,000 cubic feet per day in Dundee-1. Dalmane-1 has been sited on the same structural trend as Queensland Gas Ltd's Argyle CBM gas field located 20 kilometres to the southwest. The well is expected to spud late next week.
Dundee-1, Darvall-1 and Dalmane-1 are located in Queensland Permit ATP 676P - an asset 100% owned by Australian CBM Pty Ltd (ACBM) (subject to Queensland Gas Company's farm in rights over 9 of the 69 tenement blocks). Arrow owns 55% of ACBM and has an option to acquire the remaining 45%.
JUNE QUARTER - SIGNIFICANT EVENTS
SAS Trustee Corporation became a substantial shareholder in Centennial Coal Company Limited on 05/07/2001 with a relevant interest in the issued share capital of 7,755,505 ordinary shares (9.04%).
JUNE QUARTER:
Gold production for the quarter was 28,937 ounces, an increase of 6,692 ounces on the same quarter last year.
EXTENSIONAL EXPLORATION
Extensional exploration at Harlequin has concentrated on the HV5B orebody in the area directly to the east of the development in the HV5F orebody. The best of the results include 0.9 metres @ 58.7 grams per tonne, 1.1 metre @ 51.6 grams per tonne and 0.5 metres @ 46.5 grams per tonne. There is confidence that a reserve can be developed, however the area is structurally complex and further work is required.
A surface drill hole positioned to the west of the current geological model boundary at Bullen West, intersected a structure 0.2 metres thick with free visible gold at the -281 metre level. When taken in conjunction with the results of strike driving on the levels above, this indicates a potential for the extension of Bullen West orebody to the west toward the Crown Reef. Underground drilling from the -320 metre level at Bullen West intersected laminated quartz vein with free visible gold, further extending the known mineralisation.
ADDITIONAL EXPLORATION
Encouraging results continue to be returned from the Daisy prospect.
A third shoot to the south has been drilled and has better widths and grades than the previous two shoots. The best of the intersections into this southern shoot include 8 metres @ 23.4 grams per tonne, 14.9 metres @ 9.8 grams per tonne and 22 metres @ 14.2 grams per tonne and the previously reported 17 metres @ 13.8 grams per tonne.
Other intersections include 13 metres @ 16.7 grams per tonne and 11 metres @ 33.6 tonne. The entire system is open down plunge and to the south. Drilling has been concentrated between the surface and 100 metre depth and only over a strike length of 250 metres.
The Daisy resource is at the northern end of a 2km by 1km area of coincident fine fraction soil and aircore anomalism. The stratigraphy, pattern of anomalism and system of parallel North-South reefs is similar to other major orebodies in the region which have sustained CNGC over many years. By comparison, the main orebodies in the region are east dipping and 0.5 to 2 metres thick whereas the reef system at Daisy appears to be west dipping and markedly thicker in places. There is a high likelihood that mineralized resource at Daisy will be economically extracted.
JUNE QUARTER - HIGHLIGHTS
Hardman Resources NL provides the following progress report for the drilling of the Courbine-1A well offshore Mauritania.
Progress (24 hours to 14.00 hours WST 12 July 2001):
Current depth 3,727 metres. Presently preparing to cement 9(5/8) inch (244mm) casing and test BOP stack prior to drilling ahead to the primary objective.
Origin Energy Resources Limited as Operator of PEL 32 advises that the exploration well Balnaves 1 which spudded at 4am on Sunday 10th June 2001 was plugged and abandoned on 8th July 2001.
Following rig release from Balnaves 1, OD&E Rig 30 has now moved to drill Limestone Ridge 1 also Located in exploration permit PEL 32 in the onshore Otway Basin of South Australia. Limestone Ridge spudded at 6pm on Thursday 12th July 2001 and is located on a separate and previously undrilled structure, approximately 6.5 km west of the Katnook gas field.
Origin Energy today announced that it has made an equity placement to institutional investors raising $125 million in new capital.
Origin also intends to make an offer to all shareholders under a Share Purchase Plan following the release of its annual results on 27 August 2001.
Origin Energy Resources Limited* as Operator of L11 advises that the exploration well Beharra Springs North 1 spudded at 3pm on Thursday, 12 July 2001.
Beharra Springs North 1 is located in Production Licence L11 in the onshore Perth Basin, Western Australia. The well is located on a previously undrilled structural closure, approximately 3.5km north of the Beharra Springs gas field.
The well has a planned total depth of 3445 mRT. The primary objective is the reservoir section of the Wagina Formation, which is prognosed to be intersected at a depth of 3304 mRT.
At 7:10am Friday, 13 July 2001, the well was drilling ahead at 380 mRT in the Yarragadee Formation.
Anglovaal Mining Limited (Avmin) has advised Sub-Sahara of its corporate decision to withdraw from certain "greenfields" exploration and acquisition activities. As a consequence, Avmin has terminated the Strategic Alliance and the Jubilee Reef Joint Venture with Sub-Sahara effective from the 30 September 2001. The Nyanzaga Joint Venture will remain in force.
Both Sub-Sahara and Avmin regret that the alliance will not proceed as originally envisaged. However, about US$638,000 (A$1.24m) has been contributed by Avmin to Sub-Sahara by share subscription and exploration expenditure on Sub-Sahara's projects since the inception of the alliance in January 2001.
As part of the termination obligations under the alliance, Avmin will pay to Sub-Sahara an additional US$125,000 (A$242,000), representing Avmin's pro-rata generative and alliance commitment to 30th September 2001.
JUNE QUARTER - HIGHLIGHTS:-
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a measured depth of 4,199 metres, and drilling ahead. Gatchell Sandstone sample fluorescence interpreted to be indicative of an oil bearing sand, observed to commence at 4,178 metres has continued to 4,199 metres measured depth, the interpreted base of the first Gatchell Sandstone and is interpreted to be equivalent to the first Gatchell Sandstone oil zone drilled in the adjacent vertical Mary Bellocchi#1 well bore.
Although the first Gatchell Sandstone is not the primary target for the horizontal well, its presence and the successful predicted correlation with the adjacent original Mary Bellocchi#1 well bore, provide encouragement for the presence of the Second Gatchell Sandstone as a valid potentially oil bearing target for the horizontal well bore planned to be drilled in this zone.
Directional drilling towards the Second Gatchell Sandstone zone primary objective and horizontal well section commenced at 3,980m, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4257-4557 metres Measured Depth (MD) is programmed for the Second Gatchell Sandstone zone. The well will be drilled to a measured depth of 4557 metres.
JUNE QUARTER - HIGHLIGHTS:-
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| All Ords | 3337.8 |
|
|
Dow Jones | 10,478.99 |
|
| ASX200 | 3392.6 | +14.6 | S&P 500 | 1208.14 | +27.96 | |
| All Resources | 1535.0 |
|
Nasdaq | 2075.74 |
|
|
| All Mining | 674.7 |
|
Gold - spot/oz | US$266.50 |
|
|
| All Gold | 808.8 |
|
Silver - spot/oz | US$4.24 |
unch | |
| AGC Explorers | 593 | na | Platinum - spot | US$555.00 | -9.00 | |
| Energy | 1682.5 |
|
Palladium - spot | US$561.00 |
|
|
| All Industrials | 5719.9 |
|
Bridge CRB Futures Index | 208.92 |
|
|
| FTSE 100 | 5481.6 | +89.7 | Crude Oil (NYMEX) | US$26.46 | -0.24 | |
| Nikkei | 12,407.95 | +402.84 | Copper (spot $US/tonne) | US$1557 |
|
|
| Hang Seng | 12,660.20 | +132.30 | Lead (spot $US/tonne) | US$452 |
|
|
| A$ = US50.48c |
|
Zinc (spot $US/tonne) | US$858 |
|
||
| A$ = 62.48yen |
|
Nickel (spot $US/tonne) | US$6080 |
|
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| A$ = 0.591euro |
|
Aluminium (spot $US/tonne) | US$1420 |
|
||
| US 30-Year Bond |
5.230% | -0.055 | Tin (spot $US/tonne) | US$4500 |
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WEEKLY DRILLING REPORT
In the last week, the following developments occurred on QGC operated wells:
|
Desorbtion of coal cores commenced. |
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Desorbtion of coal cores continued. |
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Desorbtion of coal cores commenced. |
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Desorbtion of coal cores commenced. |
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Coring operations finished. Well logged and completed and desorbtion of coal cores commenced. |
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Coring operations finished. Well logged and completed and desorbtion of coal cores commenced. |
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Dewatering operations continued. |
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Dewatering operations continued. |
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Dewatering operations continued. |
High Grade Zone of Crown Structure Extended
Significant results have been received from drilling on the Crown structure at Cracow.
Drilling has intersected high-grade gold mineralisation in CBK048, above that previously reported in CBK021 (18.9m @ 4.3gAu/t) and CBK031 (8.9m @ 4.1gAu/t). (See section attached).
| Grid North |
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| CBK048 | 9.5 metres @ 15gAu/t |
[372.5 - 382 metres downhole] |
5750 |
| including 2.7 metres @ 47gAu/t |
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| 6.6 metres @ 6.6gAu/t |
[392 - 398.6 metres downhole] |
||
| including 1 metre @ 21gAu/t |
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| 15.2 metres @ 2.3gAu/t |
[426.8 -442 metres downhole] |
||
An infill hole CBK046, provides further indication of the gold mineralisation over a vertical extent of 300 metres and significant width in the zone between 1850 and 1950mRL on grid 5800mN.
| Grid North |
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| CBK046 | 18.4 metres @ 9.2 gAu/t |
[461.7 - 480.1 metres downhole] |
5800 |
| including 4 metres @ 25gAu/t |
|||
For details, click here.
The Capital Group Companies Inc increased its relevant interest in Auiron Energy Limited on 06/07/2001, from 14,329,420 ordinary shares (5.50%) to 19,620,000 ordinary shares (7.51%).
Cue Energy Resources Limited (Cue) announces that at 6am 12th July 2001, the Oyong-2 well in the Sampang PSC offshore East Java, was at a depth of 1500 metres and was running intermediate wireline logs, prior to running a 11(3/4)" liner. The well is programmed to a total depth of 2280 metres.
HIGHLIGHTS - JUNE QUARTER:
UNITED STATES OF AMERICA
AUSTRALIA
PAPUA NEW GUINEA
AUSTRALIA
WA-254-P - OFFSHORE CARNARVON BASIN, 10.71% (parts 1, 3 and 4), 11.25% (part 2) (OPERATOR - APACHE ENERGY LTD)
Hardman Resources NL provides the following progress report for the drilling of the Courbine-1 A well offshore Mauritania.
Current depth 3,727 metres. Presently setting 9% inch (244mm) casing prior to drilling ahead to the primary objective.
The first production run at the EMD Demonstration Plant based at Murdoch University was completed this week. A total of 40kg of electrolytic manganese dioxide (EMD) was produced at a rate of 4kg per day. The plant meets all operational and design requirements and process control is proving to be straightforward and responsive.
Kagara Zinc Ltd is pleased to announce the assay results of the fifth exploration hole KVD39 drilled at its King Vol prospect in north Queensland.
The intersection of 3.93 metres (approximately 2.5 metre true width) assaying 31.93% Zn and 1.77% Cu is the highest grade so far encountered at King Vol and highlights the potential for this deposit to provide additional high grade feed to the proposed processing facility at Mt Garnet.
The sixth hole KVD41 completed today has intersected a 4.2 metre zone of high grade zinc mineralisation.
KVD39 was drilled to the east on line 5050N at a dip of 65deg and encountered the mineralised zone from 349.25 metres to 353.18 metres.
The intersection occurs at a vertical depth of approximately 320 metres and lies 70 metres vertically beneath previously drilled KVD24 (4.3 metres at 26% Zn) and 40 metres south of KVD13 (18.83 metres at 25.6% Zn).
Because of the success of the current programme, an additional four holes will be drilled at King Vol to further define the extent of the high grade eastern zone mineralisation.
This morning at 6.00 am Eastern Standard Time the Churchie No 1 well was spudded. The well is being drilled on a new prospect developed by Mosaic Oil and Santos following a seismic survey last year.
Proposed Total Depth is 2,220 metres.
Gulugaba No 01, a coal seam methane exploration core hole, is situated approximately 10 kilometres south south east of Tin Hut 01, latitude 26 deg 18 min 35.13 sec south, longitude 150 deg, 07 min 30.26 sec east. The well was spudded at 14:00 hours on July 01, 2001. The well was cored from 360 to 440 metres. At 06:00 hours today the well was at a depth of 453 metres and the rig was conventionally drilling ahead. 168 mm surface casing was set at 96.0 metres RT.
Progress for the week was 93 metres.
A total of four drillstem tests were performed, producing formation water.
The primary targets of the well are the Taroom coal measures.
Proposed total cored depth of the well is 465 metres RT.
Oil Search reports that the Moran-6 well, an appraisal/development well in the Moran Central oil field, is currently drilling ahead in 12(1/4)" hole at a measured depth of 1,275 metres. During the week, 13(3/8)" casing was run and cemented. Progress for the week was 55 metres.
The Parker Rig 140 has been mobilised and is currently being transported to the SE Gobe-2 well pad in preparation for the drilling of SE Gobe-10. The rig is currently 80% rigged-up and is expected to spud early next week.
PlatSearch NL ("PlatSearch") and Peninsula Exploration Pty Ltd ("Peninsula") have signed an Option Joint Venture Agreement with a wholly owned subsidiary of Inco Limited ("Inco"), a major Canadian mining company, to explore the Coondambo property EL 2819 located in South Australia.
The agreement requires Inco to complete, as a minimum commitment, a drill hole test of a large gravity anomaly defined by earlier work.
Inco can earn a 60% interest in the tenement by completing expenditure of $1,000,000. PlatSearch and Peninsula can then each participate with a 20% interest or each convert to a 10% interest which is free carried to completion of a positive bankable feasibility study. PlatSearch and Peninsula can then each fund their 10% share or convert to a 1% net smelter return royalty. PlatSearch will be the operator until Inco earns a 66% interest.
JUNE QUARTER - HIGHLIGHTS TO 11 JULY 2001
KOOLYANOBBING IRON ORE PROJECT
COCKATOO ISLAND IRON ORE PROJECT
The Board of Directors of Queensland Opals NL has commenced discussions with Benitec with the objective of acquiring Benitec.
Benitec is an UK based holding company that operates a biotechnology laboratory in Queensland, Australia. Queensland Opals NL presently holds 15% of Benitec.
Further progress has been made with the negotiations for native title agreements in respect of the Paning and Pando Blocks.
An agreement in principle was announced in December 2000. Since then, detailed negotiations have occurred on a number of procedural and technical issues.
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a measured depth of 4,188 metres, and drilling ahead. Gatchell Sandstone sample fluorescence interpreted to be indicative of an oil bearing sand was observed to commence at 4178 metres and is interpreted to be equivalent to the first Gatchell Sandstone oil zone drilled in the adjacent vertical Mary Bellocchi#1 well bore.
Although the first Gatchell Sandstone is not the primary target for the horizontal well, its presence and the successful predicted correlation with the adjacent original Mary Bellocchi#1 well bore, provide encouragement for the presence of the Second Gatchell Sandstone as a valid potentially oil bearing target for the horizontal well bore planned to be drilled in this zone.
Directional drilling towards the Second Gatchell Sandstone zone primary objective and horizontal well section commenced at 3,980m, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4257-4557 metres Measured Depth (MD) is programmed for the Second Gatchell Sandstone zone. The well will be drilled to a measured depth of 4557 metres.
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| All Ords | 3323.9 |
|
|
Dow Jones | 10,241.02 |
|
| ASX200 | 3378.0 | +21.3 | S&P 500 | 1180.18 | -1.34 | |
| All Resources | 1523.7 |
|
Nasdaq | 1972.04 |
|
|
| All Mining | 672.7 |
|
Gold - spot/oz | US$268.30 |
|
|
| All Gold | 801.5 |
|
Silver - spot/oz | US$4.24 |
unch | |
| AGC Explorers | 593 | na | Platinum - spot | US$564.00 | +13.00 | |
| Energy | 1676.9 |
|
Palladium - spot | US$560.00 |
|
|
| All Industrials | 5699.0 |
|
Bridge CRB Futures Index | 207.69 |
|
|
| FTSE 100 | 5391.9 | -76.0 | Crude Oil (NYMEX) | US$27.08 | -0.41 | |
| Nikkei | 12,005.11 | -295.30 | Copper (spot $US/tonne) | US$1543 |
|
|
| Hang Seng | 12,527.90 | -186.00 | Lead (spot $US/tonne) | US$451 |
|
|
| A$ = US50.59c |
|
Zinc (spot $US/tonne) | US$857 |
|
||
| A$ = 62.90yen |
|
Nickel (spot $US/tonne) | US$5995 |
|
||
| A$ = 0.590euro |
|
Aluminium (spot $US/tonne) | US$1431 |
|
||
| US 30-Year Bond |
5.285% | +0.013 | Tin (spot $US/tonne) | US$4530 |
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Placement of new shares and participation agreement with
CS Energy Limited for CBM gas supply
Queensland Gas Company (ASX:QGC) today took another step towards becoming a significant gas supplier to the south-east Queensland market by entering into an equity and participation agreement with power generator CS Energy Limited ("CS Energy").
Under the terms of the agreement, QGC will issue CS Energy with 4,000,000 shares, representing 5% of the issued capital of QGC. The shares will be issued at 30.8 cents, a 10% premium to the closing price on 3 July 2001, to raise $1,232,000. The funds raised will be used by QGC for the ongoing appraisal of the coal bed methane (CBM) resource of its Walloon Coal properties.
Adelong Gold Project Drilling Results
In April GCR announced it had entered into an agreement with Orchid Capital Limited (Orchid) to purchase Orchid's 100%-owned subsidiary Challenger NL for 6 million GCR shares and $50,000. On completion of the purchase Challenger will own all the assets comprising the Adelong Gold Project including the mining lease, exploration licence, security bonds, freehold land, buildings, and the mining and processing equipment.
The Adelong Gold Project has inferred resources totalling 1.3 Mt at 2.9 g/t gold containing 121,000 oz of gold. The resources of the Challenger and Challenger Extended zones, lying within the mining lease, are 796,000 tonnes at 3.0 g/t gold containing 76,800 oz.
GCR is targeting higher-grade resources at Challenger Extended for initial mining operations. During June a total of 16 RC drill holes were completed for a total of 590m, reducing the drill spacing from 20m to 10m and thereby increasing the reliability of the resource. All holes were drilled at an angle of between 45 and 60 degrees and an azimuth of 90 degrees.
The best intersection, 10m at 5.0 g/t gold from 53m, was the deepest intersection, revealing:
Challenger Extended remains untested below 60m from surface.
ANVIL MINING (11 JULY 2001)
Anvil Mining NL ("Anvil") is pleased to announce it has taken a major step towards developing its Dikulushi copper-silver project in the Democratic Republic of Congo ("DRC") after agreeing financing terms today with RMB Resources Ltd ("RMB Resources"), part of the Rand Merchant Bank Group of South Africa.
RMB Resources will provide an immediate Equity Subscription of A$200,000 and a Mobilisation Facility of A$800,000 in order to initiate the pre-implementation work on the project. In addition, Anvil and RMB Resources have agreed on the commercial terms on an "in principle basis" for a further US$4.5 million Project Financing Facility. It is anticipated this funding package together with the Company's liquid assets will be sufficient to see the Dikulushi project move into production as a Heavy Media Separation operation by the third quarter 2002.
AUSTRALIAN PLATINUM MINES (11 JULY 2001)
Prospectus - For an offer of up to 10 million Shares at $0.20 each to raise up to $2 million before costs pursuant to the Public Offer and an offer of Shares and Options pursuant to the Aerosonde Offers.
HIGH GRADE DRILL INTERSECTIONS AT BENDIGO
Drilling at Bendigo recently intersected 2.4 metres of reef within the S4 ribbon containing 9 pieces of visible gold with an estimated grade of +100g/t Au. This is a continuation of the spectacular intersections recorded at Bendigo in drilling and are related to the presence of abundant coarse gold.
Managing Director, Doug Buerger, said: "Bendigo Mining has identified the high-grade ore zones on the Deborah and Sheepshead lines of reef as indicated in the geological model. The results are excellent and many intersections exceed the grades used in the Company's conceptual mining plan".
The results of preliminary metallurgical testing have also been positive with initial results indicating recoveries of 99%, with 85% recovery by simple gravity processing and then an additional 14% from sulphide flotation. Comprehensive metallurgical testing is currently underway to confirm the preliminary results.
Mr Buerger said: "Based on these preliminary results Bendigo Mining has the opportunity to develop a major gold mine without the use of cyanide in the main recovery circuit".
CityView Corporation Limited ("CityView") advises that its Joint Venture partner PT Medco Energy Corporation TBK ("Medco") has advised that a rig will be deployed mid August from its present Sumatran work location to Madura for the drilling of Sebaya in which CityView holds a 25% interest.
The first well to be drilled at Sebaya will be to the relatively shallow depth of 1,230 meters, which Medco estimates should contain approximately fifty million barrels of recoverable oil from two separate formations. The significance of the Madura area is best exemplified by the report in The Analyst Energy Review which can be viewed at www.cityviewcorp.com under "Publications".
Equinox announced the approval by financiers of facilities totalling A$17.5 million (US$3.0m + Euro 7.0m) to be applied towards the funding of a Bankable Feasibility Study ("BFS") on the Company's Lumwana Copper Project in Zambia. The International banks that will participate in the finance package are RMB Resources Limited ("RMB Resources") and the European Investment Bank ("EIB").
The Lumwana Pre-feasibility Study conducted by Bateman Engineering Pty Ltd ("Bateman"), announced on 30 November 2000, proposed that Lumwana could produce about 102,000 tonnes of copper per year over a 24-year mine life, with significant gold, uranium and cobalt credits. Financial analysis by Bateman indicated that the Lumwana Project had robust economics. At a copper price of US$0.90/lb Cu, the after-tax Net Present Value (at 10%) is A$400 - 670 million, with internal rates of return of 21.3 - 29.2%. Subsequent to the Pre-feasibility Study, consideration has been given to the on-site processing of metal from concentrates, which further improves the project economics.
Golden State announced the results from the first phase of its 2001 laterite nickel drilling program at Menzies.
In addition the Company has invested in it's partly owned company Ezyimage Ltd's Initial Public Offering.
MENZIES NICKEL PROJECT HIGHLIGHTS
Drilling of the Menzies Nickel Project has identified:
Hardman Resources NL provides the following progress report for the drilling of the Courbine-1A well offshore Mauritania.
Current depth 3,727 metres. Presently completing acquisition of wireline logs prior to setting 9(5/8) inch (244mm) casing and drilling ahead to the primary objective.
Fourth Quarter Activities - Summary:
1. FARGO PROJECT - COSMO NEWBERY (90% IGM VIA FARGO RESOURCES NL)
During the quarter the company entered into negotiations with another party for exploration of the project on a joint venture basis.
Finalisation of Agreement for JV is anticipated during the month o August 2001 and it is anticipated that the program of geochemical survey and RAB drilling previously planned may be completed during the December 2001 quarter.
2. LUBUK MANDI MINE, MALAYSIA - PROPOSED JV
During the period the company entered into a Memorandum of Understanding with Sumber Lubuk SDN BHD, which operates the Lubuk Mandi Mine in Terengganu, Malaysia pursuant to a proposed JV of the mine, subject to independent evaluation.
At the end of the quarter the independent party to perform the evaluation was agreed and the process of collecting information for preliminary assessment initiated.
Standard & Poor's today announced that it has assigned its 'BBB+' long-term and 'A-2' short-term ratings to Origin Energy Limited. The ratings have been issued with a stable outlook. This is Origin Energy's initial rating following the demerger from Boral Limited last year.
The rating will allow Origin Energy to immediately reduce its funding margins on existing bank debt facilities and allow the company to further reduce its funding costs by providing access to the debt capital markets.
A number of PlatSearch's key prospects have advanced to the drilling stage. Four of these projects, Callabonna, Mirikata, Lilleyvale and Toby, are being funded by joint venturer Inco Limited.
At the Callabonna project, a deep drillhole to test a large magnetic anomaly located on the northern margin of the Curnamona Craton is well advanced. Previous work in this region has highlighted its potential for Olympic Dam style mineralisation. Drilling through the overlying cover sequence has been completed and the hole has reached Proterozoic basement at 440 metres depth. A second drilling contractor will commence core drilling shortly.
At the Mirikata project drilling is scheduled to commence in the third week of July 2001. This drillhole will test a large magnetic anomaly located on the eastern margin of the Gawler Craton. The anomaly is considered to represent a large ironstone system with potential for associated base and precious metals.
Native title site clearance has been completed at the Toby prospect located on the northern margin of the Gawler Craton near Oodnadatta. Field work is expected to commence in late July/early August. Following the completion of ground magnetic surveys drilling will test a magnetic anomaly target considered to have potential for Olympic Dam style mineralisation.
Analyses for a wide range of elements have been received for all core samples from 574 to 777 metres depth in Hole LIL-001 at the Lilleyvale prospect. These analyses are in addition to the previously reported (May 2001) anomalous results for selected samples (up to 1.2 metres at 1.45% copper and 1.07 g/t gold). The results confirm that the system intersected by LIL-001 is geochemically anomalous for a range of metals over substantial widths, including copper (44 metres at 2,245 ppm), gold (25 metres at 175 ppb), silver (47 metres at 1.1 ppm), cobalt (90 metres at 241 ppm) and molybdenum (50 metres at 4.9 ppm), underlining the large size and complexity of this mineralised system. Selected core samples have been forwarded for petrological studies. All of the Lilleyvale results will be reviewed by the joint venture in August 2001 to plan the forward programme.
Joint venturer Triako Resources is scheduled to commence a programme of three RC percussion drillholes at the Southern Cross project at Broken Hill during the second week of July 2001. Previous drilling at this prospect obtained encouraging intersections of lead-zinc-silver mineralisation including 3 metres at 0.95% lead and 8.92% zinc.
The current high level of activity on PlatSearch's areas stems from the company's commitment and ability to identify exploration targets with potential for world class mineral deposits and advance them to the drilltest stage.
In September 2000 the South Australian Government announced an independent review of the Santos Limited (Regulation of Shareholdings) Act 1989. The Act restricts any one shareholder from having an entitlement to more than 15 per cent of the total number of voting shares in Santos Limited.
The Government has informed Santos that it has considered the review and has decided to make no change to the Act.
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a measured depth of 4,175 metres, and drilling ahead.
Directional drilling towards the primary objective and horizontal well section commenced at 3,980m, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres Measured Depth (MD) is programmed.
The well will be drilled to a measured depth of 4557 metres.
All Ords
3304.2
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1181.52
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US$4.24
+0.02
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-5.00
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1657.9
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US$559.00
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US$27.49
-0.10
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12,300.41
+60.73
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US$1548
Hang Seng
12,713.90
+23.22
Lead (spot $US/tonne)
US$454
A$ = US50.93c
Zinc (spot $US/tonne)
US$867
A$ = 63.88yen
Nickel (spot $US/tonne)
US$6030
A$ = 0.595euro
Aluminium (spot $US/tonne)
US$1421
US 30-Year Bond
5.272%
-0.068
Tin (spot $US/tonne)
US$4530
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Bligh Oil & Minerals reports that the Kauri-1 is currently drilling ahead in 8(1/2)" hole at 4,078 metres, towards a proposed target depth of 4,500 metres.
Equinox Resources Limited (“Equinox”) is pleased to announce the approval by financiers of facilities totalling A$17.5 million (US$3.0m + ¤ 7.0m) to be applied towards the funding of a Bankable Feasibility Study (“BFS”) on the Company’s Lumwana Copper Project in Zambia. The international banks that will participate in the finance package are RMB Resources Limited (“RMB Resources”) and the European Investment Bank (“EIB”).
Operations are continuing on the Langford 25 #3H-TXV well in Hardeman County Texas using Paterson Rig #33. The well is drilling in directional hole at a measured depth of 8,030 feet. The primary target is estimated at a measured depth of 8,527 feet (approximately 8,316 feet true vertical depth).
Plans call for the Langford "25" well (drilled by Ensearch in 1984) to be re-entered and a new hole to be directionally drilled to a kick off point in the lower Chester for a high angle horizontal drain hole in the Upper Chappel.
JUNE QUARTER - SUMMARY
Production from most Iluka operations for the three months to June 30, 2001 was comparable to output for the corresponding period in 2000. The second quarter production figures completed a first half in which most production increased, compared to the June half last year.
Principal features were:
Kings directors have today closed the $2m share issue, under the 15 June 2001 Prospectus, over subscribed.
Norman Seckold and Dudley Leitch have been invited to join the board with immediate effect. They have accepted that invitation and Norman Seckold has been appointed Chairman. Mike Seed has decided to resign from the board but will continue in his role as geologist and will be responsible for advancing the exploration works in South Africa.
Exploration of the Wimbledon Project will commence in August 2001 (dependent on rig availability) with a 1600 metre Reverse Circulation drilling program to define the extent of kimberlite between the dolerite quarry and old mine, a distance of approximately 400 metres.
PROSPECTUS
Following its recent formation of an alliance with Billiton to explore for copper and other base metals in Sweden, Lake Resources N.L. has announced plans to raise $1,575,000 by issuing 4,500,000 fully paid ordinary shares at an issue price of $0.35 per share in a Prospectus dated 22 June 2001. ABN AMRO Morgans Limited is Broker to the Issue and the Issue is underwritten up to $500,000 by 202 Limited. The Company will accept oversubscriptions.
The purpose of the Issue is to raise sufficient capital to enable the Company to meet the requirements of the Australian Stock Exchange Limited (ASX) for the Company’s shares to be listed on the ASX, and to fund further exploration. Application will be made to the ASX for listing of the Company’s shares. In the event that the application is refused, all share application monies will be refunded.
Pursuant to a subscription Agreement dated 18 June 2001, Billiton has the right, under certain conditions, to subscribe US$500,000 for fully paid ordinary shares as per the Prospectus.
The Board of Directors of Preston Resources Limited hereby advise they have received the resignation of Chris Cowan as a Director from all Preston Group Companies. The resignation was effective 8th July 2001. The Board has appointed Trevor Mathews as a Director .
Tawana has entered into a two-stage option agreement with De Beers Australia Exploration Limited ("De Beers") for a total 51% interest in the Flinders Island Diamond Project. Under the option agreement arrangement De Beers has completed a due diligence exercise of all TAW exploration data relevant to the Project. Exploration data and results reported previously have been significant.
De Beers is a world leader in exploration, exploitation/mining, and marketing of diamonds.
TAW holds an option to acquire 100% of the Flinders Island Diamond Project from Orogenic Exploration Pty Ltd.
The Flinders Island agreement represents the second important transaction between TAW and De Beers, which holds 500,000 shares in TAW. The first involved TAW's right to purchase 100% of the Timber Creek Diamond Project, Northern Territory, Australia including the high grade TC-01 kimberlite, which, as reported in the TAW Prospectus, during exploration yielded in excess of 100 cpht. De Beers retains the right to buy back 70% of the equity in the Timber Creek Diamond Project.
Titan has successfully tendered for one of the four groups of tenements involved in the sale by WMC of some of its Kambalda nickel interests.
The property, known as the North Widgiemooltha Block, consists of 10 contiguous Mining Leases and 3 Prospecting Licences, and a mining lease application, with a total area of 85.6 square kilometres, located approximately 25 kilometres south-West of Kambalda. Previous production from two mines within the tenements (Mt Edwards and 132N) has aggregated 986,750 tonnes at an average grade of 2.75% nickel. These two mines have been closed and rehabilitated.
The consideration paid by Titan to WMC was $515,000 cash plus a 1 percent royalty on the value of production from the tenements. Some of the leases are subject to various existing royalty agreements which will be assigned by WMC to Titan.
Further to announcements of 18th and 23rd May 2001, where very thick intersections of zinc mineralisation were reported from drill holes 7931 and 8001 located at the southern end of the Black Hill Resource Area, Union Capital Limited ("Union") advises that more recent assay results from drill holes located further south, show that the mineralisation continues and is still open in that direction. The ultimate potential size of this world class zinc deposit is still to be determined.
In Hole 8009 located 100 metres to the south of Holes 7931/8001, 120 metres of zinc mineralisation at an average grade of 5% Zn has been intersected from 78-198 metres. This intersection is made up of 92 metres of oxide ore at a grade of 4.81% Zn, and 28 metres of sulphide ore at a grade of 5.8% Zn. The presence of higher grade oxide mineralisation is encouraging as it allows the possibility of in-pit blending with lower grade oxide zones encountered in Holes 7931/8001.
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a measured depth of 4,164 metres, and drilling ahead.
Directional drilling towards the primary objective and horizontal well section commenced at 3,980m, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres Measured Depth (MD)is programmed.
The well will be drilled to a measured depth of 4557 metres.
Woodside Petroleum Ltd, Operator of the Mauritania, Area B Joint Venture, reports that the Courbine-1A ST1 well is at a depth of 3727 metres and is currently running wireline logs in a 12(1/4) inch hole, prior to running the 9(5/8) inch casing.
Woodside Petroleum Ltd the Operator of the WA-1-P Joint Venture, reports that the Patriot-1 exploration well located in the Carnarvon Basin spudded on 5 July 2001. Since spud, both 13(3/8) inch and 9(5/8) inch casing strings have been run, landed and cemented. On 10 July 2001, the well was drilling ahead in the 8(1/2) inch hole section at a depth of 1550 metres.
The location is approximately 100 kilometres north of Dampier on the North West Shelf of Western Australia. Apache Energy Limited are drilling the well on Woodside's behalf with the ENSCO 56 jack-up drilling rig. Water depth at the location is approximately 45 metres. Planned total depth is 2292 metres.
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| All Ords | 3289.8 |
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Dow Jones | 10,299.40 |
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| ASX200 | 3342.0 | -11.9 | S&P 500 | 1198.78 | +8.19 | |
| All Resources | 1514.3 |
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Nasdaq | 2026.71 |
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| All Mining | 671.7 |
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Gold - spot/oz | US$266.60 |
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| All Gold | 791.8 |
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Silver - spot/oz | US$4.22 |
-0.03 | |
| AGC Explorers | 593 | na | Platinum - spot | US$556.00 | +4.00 | |
| Energy | 1636.4 |
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Palladium - spot | US$567.00 |
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| All Industrials | 5636.7 |
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Bridge CRB Futures Index | 206.47 |
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| FTSE 100 | 5468.9 | -10.3 | Crude Oil (NYMEX) | US$27.59 | -0.62 | |
| Nikkei | 12,239.68 | -66.40 | Copper (spot $US/tonne) | US$1550 |
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| Hang Seng | 12,690.88 | -380.80 | Lead (spot $US/tonne) | US$448 |
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| A$ = US50.99c |
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Zinc (spot $US/tonne) | US$866 |
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| A$ = 63.94yen |
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Nickel (spot $US/tonne) | US$6070 |
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| A$ = 0.600euro |
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Aluminium (spot $US/tonne) | US$1425 |
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| US 30-Year Bond |
5.340% | -0.034 | Tin (spot $US/tonne) | US$4510 |
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RE: PROGRESS REPORT ON EAGLE NO. 1, EAGLE OIL POOL
DEVELOPMENT PROJECT, SAN JOAQUIN BASIN, CALIFORNIA, USA
Lakes Oil N.L. has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that the Eagle-1 well is at a depth of 4,150 metres, and drilling ahead.
Directional drilling towards the primary objective and horizontal well section commenced at 3,980 metres, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4,257 – 4,557 metres is programmed. The well will be drilled to a measured depth of 4,557 metres.
Eagle No. 1 will be the first well in the Eagle Oil Pool Development Project, a horizontal drilling project targeting potential recoverable reserves of up to 24 million barrels of oil and 62 billion cubic feet of gas.
For details, click here.
Navigator Resources lodged its IPO last Thursday.
Navigator Resources is focussed on the under-explored East Kimberley region of Western Australia, where it is one of the largest ground holders. It has identified two large gold-copper systems and is targeting Voisey’s Bay-style nickel and platinum in three joint ventures with Falconbridge Australia Pty Ltd.
For details, click here.
At 12:00 PM today, Darvall-1 was at 146 metres and drilling ahead to intersect the Iona and Argyle coal packages.
Flow tests over intervals in the Macallister coal package from 90 to 129 metres that had 5 metres of net coal were carried out on July 7 and July 8/2001. Gas flows at rates up to 8000 cfd with water flows ranging from 1494 to 3300 barrels per day were recorded during the flow tests. Arrow interprets that the high water saturation has suppressed the gas flows. Since post dewatering gas flows can be proportional to the water flows from the gas saturated coal seams, the high water flows indicate that, after dewatering, commercial gas flows from these seams should be anticipated.
The Australian Worldwide Exploration group advises that the Balnaves-1 well in PEL32 in the Otway Basin, South Australia, has been plugged and abandoned after encountering a non commercial gas accumulation in the objective Pretty Hills Sandstone. The rig was released on 8 July and is being moved to the Limestone Ridge-1 location. The well is expected to spud later this week.
Cue announced that at 6am on 6th July 2001 the Oyong-2 well in the Sampang PSC offshore East Java, was at a depth of 1036 metres and 13(3/8)" casing was being cemented after being run to 1030 metres.
The forward plan is to drill ahead to test the primary objective Wonocolo and Ngrayong formations prior to testing the Mundu oil and gas zones.
Hardman Resources NL provides the following progress report for the drilling of the Courbine-lA well offshore Mauritania.
PROGRESS (72 HOURS TO 14:00 HOURS WST 8 JULY 2001):
Current depth 3,712 metres. Pulled out of hole, changed bit, ran in hole and washed and reamed to bottom. Continue to drill ahead in 12(1/4)" hole.
Coffee Gold NL increased its relevant interest in Kings Minerals NL on 15/06/2001, from 14,655,315 ordinary shares (14.40%) to 18,785,315 ordinary shares (16.20%).
Mosaic Oil has achieved early success in its drilling program which will involve drilling four exploration wells in the Surat Basin of Southern Queensland. The Spring Grove well was drilled to a total depth of 1977 metres and encountered a hydrocarbon column of 24 metres.
The well is presently being cased and suspended as a gas discovery, with electric logging also indicating light oil could be present in the lower section. The preliminary estimate of net pay is 9 metres.
The company will immediately focus on the second well included in its current drilling exploration program. This well is called Churchie 1 and is in the same area (Mosaic 49% and Operator).
The Endeavor-1 exploration well spudded at 00.00 hours on Saturday, 7 July 2001.
The well is located in WA-278-P, approximately 400 kms West of Darwin in the Timor Sea at latitude 12deg 51' 18.01"S and longitude 126deg 22' 18.70"E.
As at 6.00 am today, the well has drilled ahead to 400 metres measured depth.
The well is expected to take 18 days to reach its projected total depth of 3,426 metres measured depth.
The Endeavour-1 well will be immediately followed by the Defiant-1 well. These two wells will complete a six well programme in Tap's Bonaparte acreage which have to date resulted in the discovery of 300 Pj of gas.
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a measured depth of 4,150 metres, and drilling ahead.
Directional drilling towards the primary objective and horizontal well section commenced at 3,980m, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres Measured Depth (MD) is programmed.
The well will be drilled to a measured depth of 4557 metres.
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| All Ords | 3302.2 |
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Dow Jones | 10,252.68 |
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| ASX200 | 3353.9 | -23.9 | S&P 500 | 1190.59 | -28.65 | |
| All Resources | 1538.6 |
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Nasdaq | 2004.16 |
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| All Mining | 674.7 |
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Gold - spot/oz | US$265.70 |
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| All Gold | 796.0 |
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Silver - spot/oz | US$4.25 |
+0.04 | |
| AGC Explorers | 593 | na | Platinum - spot | US$552.00 | +4.00 | |
| Energy | 1667.8 |
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Palladium - spot | US$572.00 |
|
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| All Industrials | 5679.9 |
|
Bridge CRB Futures Index | 207.07 |
|
|
| FTSE 100 | 5446.3 | -33.6 | Crude Oil (NYMEX) | US$28.21 | +1.19 | |
| Nikkei | 12,306.08 | -301.22 | Copper (spot $US/tonne) | US$1546 |
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| Hang Seng | 12,999.48 | closed | Lead (spot $US/tonne) | US$438 |
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| A$ = US50.83c |
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Zinc (spot $US/tonne) | US$863 |
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| A$ = 64.00yen |
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Nickel (spot $US/tonne) | US$6030 |
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| A$ = 0.600euro |
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Aluminium (spot $US/tonne) | US$1435 |
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| US 30-Year Bond |
5.374% | -0.038 | Tin (spot $US/tonne) | US$4530 |
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The Murrin-Murrin operational performance for the month of June consisted of nickel production of 2075 tonnes, and Cobalt production of 117 tonnes.
The month of June saw a slow start due to the effects of last months planned acid plant shutdown and autoclave maintenance schedules.
Performance picked up markedly through the month and culminated in finishing the month of June and starting the month of July at a commendable and consistent production rate.
Ausmelt has sold 5,218,333 shares in Auiron Energy Limited for $4,070,300. Ausmelt has no present intention to make any further sales of Auiron Energy shares.
The Australian Worldwide Exploration group advises that as at 1200 hours on July 6 the Balnaves-1 well in PEL32 in the Otway Basin, South Australia, was at total depth of 2874mMD and was completing fishing operations to recover drill stem test equipment. DST 2 over the interval 2748-2774 mRT flowed gas to surface at a rate of 1.39 mmcfd with 393 barrels of formation water per day.
Westgold Resources NL increased its relevant interest in Carpenter Pacific Resources NL on 05/07/2001, from 5,719,905 ordinary shares (21.57%) to 6,511,816 ordinary shares (24.47%).
The Company's largest shareholder, WMC Limited, has commenced a formal process seeking expressions of interest for the purchase of its 50.48% holding in the Company. This process is part of WMC's review of its gold assets generally, as previously notified to shareholders.
WMC anticipates firm proposals for the purchase of its shareholding to be made by 1 August 2001.
AGD Mining, operator of the Costerfield Exploration Joint Venture, has completed a further 4 diamond drill holes bringing to 6 the total number of holes. The drilling program is evaluating a high grade gold and antimony system at Costerfield, Victoria.
Costerfield is a 50/50 joint venture between AGD Mining Limited and Deepgreen Minerals Corporation Ltd.
The program's principal target has been East Reef, a high grade gold and antimony structure. Each of the six drill holes has so far intersected East Reef delineating for over 200 metres along strike.
Analysis of past records indicates that this reef also continues north for 200 metres until reaching the workings of the South Costerfield Mine. The reef is open to the south and at depth. The deepest intersection to date is some 90 vertical metres below surface.
The program has also discovered additional new reefs in what is now developing as a multi reef high-grade system.
Hudson Securities Corporations Ltd became a substantial shareholder in Imperial One Limited on 03/07/2001 with a relevant interest in the issued share capital of 37,843,574 ordinary shares (10.15%).
Kagara Zinc Ltd is pleased to announce that Cardross Pty Ltd has been selected as the mining contractor for the Mt Garnet Zinc Project. Cardross are currently the mining contractor for the Western Metals Mt Gordon Copper mine and are well qualified and suited to undertake the mining operations.
The appointment of Cardross is subject to project financing, Kagara board approval to proceed with the Mt Garnet Zinc Project and acceptable contractual terms and conditions to be agreed by both parties.
Kagara is currently negotiating with three engineering groups with respect to the construction of the concentrate plant at Mt Garnet and a decision is expected within the next two weeks.
The directors of Kimberley Oil NL are encouraged by the renewed interest in the Canning Basin where three firm wells are slated to be drilled this year in a permit adjacent to the Company's southern land holdings. They are pleased to announce that, in response to a vigorous world-wide farmout effort, the Company has been approached by a number of companies who are keen to participate in drilling ventures in the Canning Basin. If negotiations with any of the potential farminees can be finalized promptly, there is the chance that one or two exploration wells could be drilled in Kimberley Oil tenements this year.
The directors also report that the Company's review of the Yulleroo sub-basin has been completed. The sub-basin, a large area immediately east of Broome, has been defined by seismic surveys and one well, a wet gas discovery drilled in 1967. (In 1967, natural gas in a remote area held no commercial interest and the discovery was never followed up.)
Matrix Oil NL today announced that it is on schedule to start production of approximately 10,000 barrels of oil per day in November, from its Langsa offshore contract area in the North Sumatran Basin in Indonesia.
Novus Petroleum Limited announces that gas sales from the West Natuna Gas Scheme into Singapore are ramping up and approaching projected long-term volumes. In an announcement made in Houston on 2 July 2001, Conoco, the operator of the West Natuna Transportation System (WNTS), said that deliveries for its Block B fields had commenced.
Production from the Kakap Production Sharing Contract (PSC) into the West Natuna Gas Scheme averaged 44 million cubic feet per day (MMcfd) for the month of June.
Origin Energy announced today that it has executed a conditional agreement to purchase Fletcher Challenge South West Cogeneration Limited, which holds a 50% interest in the South West Cogeneration Joint Venture, for $68.5 million. The agreement is subject to a number of conditions precedent and to pre-emptive rights not being exercised.
SAMAG Limited has been granted environmental approval by the South Australian Government for its proposed 65,000 tpa magnesium processing facility and Australian National Power's co-located gas fired power station.
The Directors of Plenty River Corporation Limited (Plenty River) advise that Thiess Pty Ltd (Thiess) has agreed to subscribe for 1,250,000 fully paid ordinary shares in the company at an issue price of 20 cents.
Thiess will receive one option for each share issued with each option entitling Thiess to subscribe for one share on exercise at an issue price of 20 cents at any time prior to 31 July 2002.
PROSPECTUS-
A pro rata Non-Renounceable Entitlement Issue of approximately 59,572,003 fully paid ordinary Shares and 29,786,002 free attaching Options on the basis of 1 Share for every 2 Ordinary Shares held together with one free attaching Option for every four Ordinary Shares held at an issue price of 5 cents per Share to Shareholders of the Company to raise approximately $2,978,600.
The issue has been conditionally underwritten to $1,500,000 by Eurobond Trading Limited
AMP Limited decreased its relevant interest in Tap Oil Limited on 04/07/2001, from 11,003,232 ordinary shares (8.10%) to 9,429,460 ordinary shares (6.93%).
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 4,126 metres, and drilling ahead.
Directional drilling towards the primary objective and horizontal well section commenced at 3,980m, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed. The well will be drilled to a measured depth of 4557 metres.
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| All Ords | 3325.3 |
|
|
Dow Jones | 10,479.86 |
|
| ASX200 | 3377.8 | -51.9 | S&P 500 | 1219.24 | -15.21 | |
| All Resources | 1558.7 |
|
Nasdaq | 2080.11 |
|
|
| All Mining | 686.9 |
|
Gold - spot/oz | US$264.80 |
|
|
| All Gold | 810.7 |
|
Silver - spot/oz | US$4.21 |
-0.04 | |
| AGC Explorers | 593 | na | Platinum - spot | US$548.00 | -4.80 | |
| Energy | 1677.3 |
|
Palladium - spot | US$579.00 |
|
|
| All Industrials | 5679.9 |
|
Bridge CRB Futures Index | 205.58 |
|
|
| FTSE 100 | 5541.0 | -59.5 | Crude Oil (NYMEX) | US$27.02 | +0.78 | |
| Nikkei | 12,607.30 | -21.72 | Copper (spot $US/tonne) | US$1556 |
|
|
| Hang Seng | 12,999.48 | -208.05 | Lead (spot $US/tonne) | US$433 |
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|
| A$ = US51.43c |
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Zinc (spot $US/tonne) | US$862 |
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| A$ = 64.69yen |
|
Nickel (spot $US/tonne) | US$6045 |
|
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| A$ = 0.614euro |
|
Aluminium (spot $US/tonne) | US$1438 |
|
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| US 30-Year Bond |
5.412% | +0.034 | Tin (spot $US/tonne) | US$4600 |
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24 Hour Spot Gold Price |
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Herald's 70% owned subsidiary, International Annax Ventures Inc. (IAX) reports as follows:
The Company is pleased to announce that the current exploration drilling program at the Dairi Project in Sumatra is continuing to outline additional zinc-lead mineralisation. Drilling is focusing in the Lae Jehe and Bongkaras zones located approximately 1.2 and 2.2 kilometres north along the Sopokomil Trend from the Company's 10 million tonne high grade Anjing Hitam zinc-lead deposit.
Anjing Hitam Deposit
Sufficient drilling at the Anjing Hitam deposit has now been completed to allow initiation of a preliminary feasibility study.
Lae Jehe
Holes SOP 49 & 52 have been completed, with SOP 54 in progress. SOP 49 intersected several base metal sulphide horizons, interbedded with shale at the expected depth and also intersected a deeper broad zone of multiple-banded, coarser grained, mineralisation. Individual high grade bands range up to 0.41m @ 24.5% Zn, 12.9% Pb & 80g/t Ag. Hole SOP 52, collared 150 metres east of hole 49 and 75 metres back of hole 17 intersected two mineralised horizons approximately, 200 metres down dip from the two zones intersected in hole 17 that assayed 6.04% Zn and 4.41% Pb over 9.0 metres in the upper horizon and 7.50% Zn and 0.50% Pb over 10 metres in the lower horizon. Assays for hole 52 are expected shortly.
| Hole |
Depth |
Dip |
Azimuth mag. |
From (m) |
To (m) |
Width (m) |
Zinc (%) |
Lead (%) |
Silver (g/t) |
Description |
| Lae Jehe |
||||||||||
| SOP49 |
406.0 |
-70o |
210o |
81.17 |
83.84 |
2.67 |
3.7 |
1.5 |
2 |
Julu - Upper Section |
| 332.30 |
343.60 |
11.30 |
3.5 |
2.2 |
15 |
Julu - Lower Section |
||||
|
incl.
|
340.00 |
342.84 |
2.84 |
8.3 |
4.9 |
31 |
Julu - Lower Section |
|||
| 348.00 |
351.00 |
3.00 |
4.0 |
2.6 |
15 |
Julu - Lower Section |
||||
| SOP52 |
541.1 |
-70o |
210o |
430.30 |
440.56 |
10.26 |
Not yet assayed |
Julu - Lower Section |
||
| 448.60 |
450.55 |
1.95 |
Not yet assayed |
Julu - Lower Section |
||||||
Bongkaras
The Bongkaras Zone located 2.2 kilometres northwest of the Anjing Hitam deposit was initially drill tested late in the year 2000 with holes 45 and 44 that intersected sedex zinc-lead mineralisation with previously reported intervals of 5.5 metres grading 14.6% Zn and 8.5% Pb and 8.1 metres assaying 6.0% Zn and 2.9% Pb, respectively. Drill holes 50 and 51 were collared on section 12,100 N and tested the mineralised zone approximately 150 metres down dip. Three mineralised zones were intersected in both holes with the deeper hole (51) having the thicker and higher grade sulphides. Deeper drilling is warranted.
| Hole |
Depth |
Dip |
Azimuth mag. |
From (m) |
To (m) |
Width (m) |
Zinc (%) |
Lead (%) |
Silver (g/t) |
Description |
| Bongkaras Zone | ||||||||||
| SOP50 |
210.3 |
-60o |
250o |
131.15 |
133.00 |
1.85 |
3.7 |
1.9 |
Julu |
|
| SOP51 |
295.8 |
-80o |
250o |
84.00 |
89.00 |
5.00 |
2.2 |
1.2 |
2 |
Julu |
| 138.10 |
143.52 |
5.42 |
3.8 |
1.4 |
17 |
Julu |
||||
| incl. |
139.52 |
143.52 |
4.00 |
4.8 |
1.8 |
21 |
Julu |
|||
| 176.00 |
179.35 |
3.35 |
5.2 |
2.9 |
5 |
Julu |
||||
Drill holes 53 and 55 are being collared east of hole 45 to intersect the down-dip extension of the 5.5 metre mineralised intersection in hole 45 zone.
Drilling is continuing with two rigs. Results will be reported on a regular basis.
For additional information, click here.
"Ore Grade" Intercepts and Significant Widths of
Platinoid Group Mineralisation at the Hawkwood Project
Highlights
Shallow drilling (average depth – 25 metres) at the Hawkwood Project has intercepted a zone of palladium (Pd), platinum (Pt), gold (Au) and copper mineralisation of variable width ranging from five to 15 metres.
Within the zone (which is defined by a > 0.1 g/t Pd + Pt cut-off) there are peak intervals of "ore grade" mineralisation with combined grades for palladium, platinum and gold of:
There is a relatively high palladium content of 40-60% as a proportion of these combined values. In addition, anomalous copper correlated strongly with the palladium-platinum values with the best intersection for copper being:
The drilling program was designed to test results from a recent trenching program and a test area of 100 metres by 80 metres was selected for that purpose. The mineralised zone was intersected through most of the test area.
The Company is currently reviewing all Project data and identifying appropriate geological models to assess the Project’s resource potential.
For additional information, click here.
Pro-rata Renounceable Rights Issue - to raise approximately $140 million.
The offer entitles each shareholder (other than certain non-qualifying foreign shareholders) to subscribe for 1 fully paid New Share for every 4.1 Existing Shares held, at an issue price of $1.55 per New Share. New Shares will rank equally with Existing Shares.
Darvall-1 spudded at 12.30pm on 5 July 2001. Darvall-1 is the second well of Arrow's six well Coal Bed Methane (CBM) drilling exploration program in the Surat Basin, South East Queensland.
Darvall-1 is located three kilometers west of Chinchilla and is prognosed to drill to a total depth of 250 metres (Figure 1). The well is located in Queensland Permit ATP 676P - an asset 100% owned by Australian CBM Pty Ltd (ACBM). Arrow owns 55% of ACBM and has an option to acquire the remaining 45% of ACBM.
BHP Billiton announced it has approved the commencement of construction of the Mount Arthur North open cut thermal coal mine in the Upper Hunter Valley, New South Wales.
The project represents a high value brownfield expansion of the existing BHP Billiton Bayswater mine. It forms a key component of BHP Billiton's thermal coal strategy, designed to expand production from high margin Australian resources to meet growing regional demand for steaming coal.
Following the release of Iluka's response, both QBE and Perpetual (which have a combined shareholding of 41.4%) have advised the independent directors that they have no intention of accepting Iluka's offer. Accordingly, the liquidity of CRL shares should not change substantially from that experienced in recent times.
Your independent directors believe that CRL has strong future growth prospects and reiterate their advice to shareholders to reject Iluka's offer and to simply do nothing.
M&G Investment Management Limited, M&G Limited, M&G Group Limited, Prudential plc increased its relevant interest in Delta Gold Limited on 29/06/2001, from 13,990,848 ordinary shares (5.24%) to 16,344,944 ordinary shares (6.11%).
Directors advise that progress is being made on construction of Deepgreen's Pageton fine coal recovery plant at Pageton in West Virginia.
The foundations for the plant are expected to be completed this week. Assembly of the plant is underway and deliveries of what were expected to be long-lead items for the plant have been delivered. It is anticipated construction and commissioning will be complete in time to commence production in the fourth quarter of this year.
Independent coal industry consultants, Marshall Miller and Associates of Bluefield, Virginia, have been asked to prepare a report confirming reserves and cash flow projections.
Deepgreen intends to produce 250,000 tonnes per annum of coking coal from the impoundment and has entered into a sales agreement with US Steel Coal Sales to sell the whole of the first year's production.
Dragon Mining advises that Macquarie Bank Limited (Macquarie) has agreed to provide the Company with A$lm of loan funding to complete the final feasibility studies and environmental permitting of the Svartliden Gold Project. Macquarie has also offered to take a placement of up to 6.25m shares at 4 cents for a consideration of A$250,000, from any shortfall in the current rights issue of Dragon shares. Macquarie will also receive a 1% gross revenue royalty from Dragon's share of production from Svartliden for the first 3 years of production.
Initial pit optimisation at a gold price of US$270/ounce and present estimates of project economics indicate that the measured and indicated resources for the project would sustain a 50,000 ounce per annum operation with a head grade of about 5.9 g/t gold to produce 170,000 ounces of recovered gold.
Essential Petroleum Resources Limited has advised Origin Energy Resources Limited that it has elected not to take up its option to farmin for a 15% interest in PEL 57.
The drilling result of McNamara Park No 1 in PEL 72, which is adjacent PEL 57, has provided Essential Petroleum with the basis for this decision. It is Essential Petroleum's opinion that the potential of PEL 57 has been seriously diminished, as there is now no evidence of a well-developed sealing unit in the prospects currently identified within this permit.
Hardman Resources NL provides the following progress report for the drilling of the Courbine-1A well offshore Mauritania.
Current depth 3,418 metres. Drilling ahead in 12(1/4) inch (311 mm) hole size to planned total depth of 4,000 metres.
Leading contract miner Henry Walker Eltin has joined with Indigenous Business Australia and a Pilbara based Aboriginal community foundation in a civil and mine contracting joint venture.
Ngarda Civil & Mining has been formed to provide the WA resource and construction sector with a contractor that could offer proven technical capabilities with strong linkages to local communities and training and employment for Aboriginal and Torres Strait Islander people.
Heron Resources Limited ("Heron") wishes to advise that the current Goongarrie Nickel Project RC Drilling at the Pamela Jean Zone continues to return exceptional intercepts of supergene nickel- cobalt mineralisation. The peak 1m intercept, at 123-124m, has been 4.4% Ni and 1.4% Co.
The Pamela Jean mineralisation as drilled to date has a N-S strike length of 2,000m, consisting of metallurgically uniform Limonite Ore. Width of mineralisation at a 1% Ni cut-off is typically 240m.
Vertical RC drilling has defined a discrete zone of remarkably deep weathering. Drill holes have been completed to depths of up to 160m, and confirm complete alteration and weathering of the ultramafic host rock into limonitic clay to depths of up to 145m. This zone, termed the Pamela Jean Deeps, has now been defined over a strike length of 360m and remains open to the north and south.
RC drilling into the ultramafic bedrock underlying the Pamela Jean Limonite Ore has encountered a structurally complex zone of brecciation and shearing. Discrete zones of talc-carbonate and talc- chlorite schist separated by undeformed olivine adcumulate are present. Significant disseminated and stringer sulphide mineralisation (typically 5%) has been identified within the shear zones. Mineragraphic studies are current to determine the mineralogy and possible genesis of the sulphide mineralisation.
Directors advise that the Non-Renounceable Rights Issue to shareholders at an issue price of 3 cents, made on the basis of 2 new shares for every 7 shares held with 1 free option for every 2 shares subscribed for has been completed.
The issue was made pursuant to a Prospectus dated 16 May 2001 and resulted in the issue of 82,877,693 fully paid ordinary shares and 41,439,068 options exercisable at 10 cents expiring 30 June 2004. Of the 82,877,693 shares issued, 34,683,711 shares approx 41.85% of the total issue were subscribed for by shareholders under the issue with the balance of the issue being taken up under the Issues Underwriting arrangements.
Non-renounceable issue - to shareholders of One (1) ordinary fully paid share at 4 cents each with a free attaching 30 June 2005 option. The issue will be on the basis of One (1) share, and One (1) free attaching option for every Three (3) ordinary shares held at 23rd July, 2001.
Funds raised by the issue will be applied towards the company's Arthur River Tantalite Project for the purchase and construction of an alluvial treatment plant, working capital requirements, the continued development of the Company's other exploration prospects and ongoing administration of the Company.
The offer is underwritten by William Noall Limited for a fee of 5% of the amount underwritten. Entities associated with the Directors have agreed to sub-underwrite 50% of the issue and will receive a fee of 2% of the amount sub-underwritten.
Oil Search reports that the Moran-6 well, an appraisal/development well in the Moran Central oil field, is preparing to run 13(3/8)" casing at 1,220 metres.
During the week, the well was sidetracked from 887 metres to the casing point. The forward programme is to run and cement casing prior to drilling ahead in 12(1/4)" hole.
The Parker Rig 140 has been mobilised and is currently being transported to the SE Gobe-2 well pad in preparation for the drilling of SE Gobe-1O. This is the first well of a 5-well programme incorporating activity at Gobe, plus exploration targets at Saunders and within PPL 219 and PPL 190.
The securities of Phoenix Mining Limited (the "Company") will be suspended from official quotation from the commencement of trading on Friday 6 July 2001, at the request of the Company, pending the results of the Company's general meeting to be held on Friday 6 July 2001 in relation to a proposal to change its activities.
A preliminary analysis of the mineralogy and grade of the existing Horseshoe South Manganese tailings indicate the tailings have a potential to be upgraded on site, possibly to approximately 80,000 tonnes of ore grade material. Metallurgical test work has shown that the +10mm size fraction from channel samples contains an average of between 35-40% Mn with below approximately 15% Fe.
Quarry face, rock chip sampling, visual estimates and surface inspection along strike indicate the potential for in situ ore of up to 1,000,000 tonnes. This figure has yet to be confirmed by drilling which is being planned.
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 4,108 metres, and drilling ahead.
Directional drilling towards the primary objective and horizontal well section commenced at 3,980m, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed. The well will be drilled to a measured depth of 4557 metres.
|
|
||||||
| All Ords | 3372.2 |
|
|
Dow Jones | 10,571.11 |
|
| ASX200 | 3429.7 | -20.3 | S&P 500 | 1234.45 | closed | |
| All Resources | 1565.3 |
|
Nasdaq | 2140.80 |
|
|
| All Mining | 689.7 |
|
Gold - spot/oz | US$267.60 |
|
|
| All Gold | 818.3 |
|
Silver - spot/oz | US$4.25 |
closed | |
| AGC Explorers | 593 | na | Platinum - spot | US$552.00 | closed | |
| Energy | 1673.4 |
|
Palladium - spot | US$582.00 |
|
|
| All Industrials | 5769.6 |
|
Bridge CRB Futures Index | 204.64 |
|
|
| FTSE 100 | 5600.5 | -39.4 | Crude Oil (NYMEX) | US$26.24 | closed | |
| Nikkei | 12,629.02 | -188.39 | Copper (spot $US/tonne) | US$1573 |
|
|
| Hang Seng | 13,207.53 | +22.78 | Lead (spot $US/tonne) | US$431 |
|
|
| A$ = US51.83c |
|
Zinc (spot $US/tonne) | US$865 |
|
||
| A$ = 64.47yen |
|
Nickel (spot $US/tonne) | US$6075 |
|
||
| A$ = 0.612euro |
|
Aluminium (spot $US/tonne) | US$1453 |
|
||
| US 30-Year Bond |
5.378% | closed | Tin (spot $US/tonne) | US$4625 |
|
|
|
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24 Hour Spot Gold Price |
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WEEKLY DRILLING REPORT
In the last week, the following developments occurred on QGC operated wells:
|
Well logged and completed and desorbtion of coal cores commenced. |
|
Desorbtion of coal cores continued. |
|
Desorbtion of coal cores commenced. |
|
Well logged and completed and desorbtion of coal cores commenced. |
|
Coring commenced. |
|
Coring operations expected to commence around 7.9.2001. |
|
Dewatering operations continued. |
|
Dewatering operations continued. |
|
Dewatering operations continued. |
For details, click here.
Alcaston has completed an agreement to acquire a number of diamond exploration licences in Western Australia and the Northern Territory.
These most recent acquisitions build upon and complement the Company's existing portfolio of diamond exploration licences both in Sweden and Australia.
The Company has purchased 100% of the licences for a small cash consideration, the allotment of 900,000 fully paid ordinary shares in Alcaston Mining NL, which will be held in escrow for 12 months, and a 2% gross royalty based on production.
The two adjoining West Australian granted licences, known as Leopold Downs, are situated in the Kimberley Region and are located approximately 50 kilometres to the south-east of the Ellendale lamproite field.
Aurora has decided to proceed with the acquisition of the Wafi copper/gold exploration tenements in Papua New Guinea's Morobe Province, near its 50% owned Morobe Gold Project.
Ausmelt's AusIron(R) Technology for iron-making has continued to perform strongly during testing at the South Australian Steel and Energy (SASE) project's pig iron demonstration plant at Whyalla in South Australia.
AusIron(R) is a new direct iron smelting process developed and owned by Ausmelt. It is based on Ausmelt's top submerged lance smelting technology which is already commercially established in a wide range of non-ferrous applications.
Australian Worldwide Exploration Limited ("AWE"), on behalf of its wholly-owned subsidiaries, advises the leveraged farmout of a 5% interest in Exploration Permit No WA-286-P ("WA-286-P") and a 10% interest in Exploration Permit No 368 ("EP 368") has been agreed with the Norwest Energy NL group ("Norwest").
Under the farmout, Norwest will contribute A$66,000 and fund an additional 8% of AWE's drilling costs of the Cliff Head 1 exploration well in WA-286-P to earn a 5% interest in the permit from AWE. Norwest will also fund 15% of AWE's drilling costs of the Arradale 1 exploration well in EP 368 to earn a 10% interest in the permit from AWE. The agreement is subject to the normal regulatory approvals.
Fourth Quarter Activities Report -
GOLD PRODUCTION
Gold output more than doubled to 21,866 ounces for the quarter reflecting the successful commencement of milling operations at Davyhurst. Cash costs for the quarter were $341 per ounce. Gold production for the 2001 financial year was 51,151 ounces at a cash cost of $348 per ounce.
The Davyhurst operation made its maiden contribution of 15,163 ounces at a cash cost of $303 per ounce less than 12 months after the project was purchased. This is a very pleasing result as the reporting period included a four week ramp up phase.
DAVYHURST EXPLORATION
Croesus' aggressive exploration of the 600 sqkm Davyhurst tenements continued during the quarter with success achieved on several fronts.
Very encouraging primary drill results were reported from beneath the old Waihi pit and at the Salmon Gums prospect. Ongoing drilling is planned for all these prospects.
AMP Limited increased its relevant interest in Delta Gold Limited on 02/07/2001, from 16,862,648 ordinary shares (6.31%) to 21,758,802 ordinary shares (8.14%).
Iluka Resources Limited subsidiary Westlime (WA) Limited has ceased operations at its Dongara quicklime facility.
Westlime's operations have been constrained by technical difficulties and declining regional markets since production began in 1997.
The Company has made alternative arrangements to meet supply contracts with Westlime's customers.
Adelaide Brighton Ltd has entered into lime supply agreements with Iluka Resources Limited and its subsidiary, Westlime (WA) Pty Ltd, based in Dongara, Western Australia.
Kanowna Lights Limited ("KLS") advises it is proceeding with mining of tantalite resources contained within the Arthur River Mining Lease M09/62 which is located approximately 100kms north of Gascoyne Junction in Western Australia.
The project will involve construction of a 100,000 tonnes per annum (tpa) conventional wet gravity plant, 10-man camp and associated infrastructure at a cost of approximately $250,000.
The project is budgeted to produce 25,000 pounds of contained Ta(2)O(5) per annum based on ore throughput of approximately 60,000 tpa and exploration bulk sampling of 40,000 tpa to maintain ore reserves ahead of production.
The Directors of Monto Minerals NL advise that they have agreed to issue 2,800,000 fully paid ordinary shares at an issue price of 5 cents per share. The placement will raise $140,000 to be used as working capital.
The Directors of Mosaic Oil NL request a trading halt according to Listing Rule 17.2 with immediate effect:-
Roderick J H Smith increased his relevant interest in Precious Metals Australia Limited on 29/06/2001, from 9,766,519 ordinary shares (6.16%) to 15,857,318 ordinary shares (10.00%).
Horseshoe Exploration Pty Ltd became a substantial shareholder in Precious Metals Australia Limited on 29/06/2001 with a relevant interest in the issued share capital of 10,184,114 PMA ordinary shares (6.42%).
Red Back has accepted a $5M Feasibility Finance Facility from Macquarie Bank Limited designed to assist with funding development of the Chirano Gold Project to a bankable feasibility study level including additional exploration drilling.
In consideration of Macquarie providing this facility, Red Back will issue Macquarie with options for the purchase of fully paid ordinary shares. Funds from Macquarie's exercise of the options will be applied against the outstanding facility drawdown.
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 4,094 metres, and drilling ahead.
Directional drilling towards the primary objective and horizontal well section commenced at 3,980m, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed. The well will be drilled to a measured depth of 4557 metres.
RE: BKP #3 WILDCAT WELL, KERN COUNTY, CALIFORNIA
A number of releases were made today, to the North American market, with respect to the above well in which Xenolith has an indirect interest via its investment in Kookaburra Resources Ltd and KOB Energy Inc. The following is one of such announcements;
"The BKP #3 exploratory test well, that was targeting a potential reservoir on the west slope outside the productive East Lost Hills structure, has been temporarily abandoned.
Extensive testing was carried out on several zones but no hydrocarbon shows were recovered. No recommendation however, is being made to plug the well until the extent of the field and the possible value of the well are better understood."
|
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| All Ords | 3390.1 |
|
|
Dow Jones | 10,571.11 |
|
| ASX200 | 3450.0 | +11.6 | S&P 500 | 1234.45 | -2.26 | |
| All Resources | 1571.7 |
|
Nasdaq | 2140.80 |
|
|
| All Mining | 699.7 |
|
Gold - spot/oz | US$267.60 |
|
|
| All Gold | 831.4 |
|
Silver - spot/oz | US$4.25 |
-0.03 | |
| AGC Explorers | 593 | na | Platinum - spot | US$552.00 | +9.00 | |
| Energy | 1689.4 |
|
Palladium - spot | US$582.00 |
|
|
| All Industrials | 5801.4 |
|
Bridge CRB Futures Index | 204.64 |
|
|
| FTSE 100 | 5639.9 | -76.8 | Crude Oil (NYMEX) | US$26.24 | +0.29 | |
| Nikkei | 12,817.41 | +66.23 | Copper (spot $US/tonne) | US$1556 |
|
|
| Hang Seng | 13,184.75 | +142.22 | Lead (spot $US/tonne) | US$438 |
|
|
| A$ = US51.83c |
|
Zinc (spot $US/tonne) | US$869 |
|
||
| A$ = 64.47yen |
|
Nickel (spot $US/tonne) | US$6085 |
|
||
| A$ = 0.612euro |
|
Aluminium (spot $US/tonne) | US$1450 |
|
||
| US 30-Year Bond |
5.378% | +0.047 | Tin (spot $US/tonne) | US$4630 |
|
|
|
Live Quotes & Charts - Australia |
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|
24 Hour Spot Gold Price |
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Macarthur Coal to list on ASX Thursday, 5 July at 11.00am
Company to trade under ASX code: MCC
Macarthur Coal Limited today announced that the Company’s application to join the Official List of the Australian Stock Exchange (ASX) has been approved.
Macarthur Coal will officially list on the Australian Stock Exchange at 11am on Thursday, 5 July 2001 under the ASX code, MCC.
The IPO, which closed early and oversubscribed, was fully underwritten by ABN AMRO Morgans Corporate Limited and raised $39 million through the issue of 39 million shares at $1.00 per share. The offer opened on 31 May and closed 20 June.
Funds raised from the IPO will be used to expand the Company’s portfolio of coal assets in Queensland’s Bowen Basin.
Plans include the expansion of its 45% owned, 4 million tonne per annum Coppabella Coal Mine, development of the nearby Moorvale Project site, and additional exploration of highly prospective tenements.
For additional information, click here.
Over the past week, a total of 944 3-D seismic shot points were completed on the Red Creek Prospect, Oklahoma.
This completes the shooting phase of the project.
The recording quality and reflection quality have been very good across the entire shoot. The data is being sent for processing, which should take approximately 4 weeks to analyse.
Following the exploration success at Dundee-1, the Directors of Arrow Energy NL (Arrow) are pleased to announce that Arrow has exercised its option to purchase 55% of Australian CBM Pty Ltd (ACBM), a privately owned company with substantial interests in several key Walloon Coal Bed Methane (CBM) projects in the eastern Surat Basin in southeast Queensland.
Arrow has paid a total of $400,000 cash and issued 2.5 million fully paid Arrow shares and 4.5 million 20 cent options expiring 28 June 2004, to acquire the interest. Arrow has a further option to purchase the remaining 45% of ACBM on or before July 2, 2002 by paying an additional $320,000 cash and issuing 2.5 million Arrow shares and 4 million 20 cent options expiring 28 June 2004. The vendors of ACBM have voluntarily escrowed the Arrow shares issued to them for a period of twelve months.
Auridiam Limited and Diamond Ventures NL are pleased to announce that their diamond exploration field programme has commenced on the Ellendale Joint Venture Exploration Licence 04/813 in the West Kimberley region of Western Australia.
Australian Worldwide Exploration Limited ("AWE") advises on behalf of its wholly-owned subsidiaries that it has entered into a Deed of Termination (the "Agreement") with Phoenix Energy Pty Limited ("Phoenix") regarding an alliance in the Perth Basin dating back to 1996. The alliance provided Phoenix with the ability to earn an interest in a number of Perth Basin exploration permits by funding AWE's expenditure obligations.
Under the Agreement, and as a result of Phoenix electing not to meet additional expenditure obligations under the alliance, Phoenix shall pay AWE a cash and share consideration of A$543,165 and re-assign certain Permit interests in the Perth Basin to AWE.
The re-assignment of Permit interests includes equity in three of the six permit areas currently held by AWE in the Perth Basin. Two wells are anticipated to be drilled in these permits before the end of the year (Beharra Springs South-1 in EP320 and Arradale-1 in EP368).
The Australian Worldwide Exploration group advises that as at 0900 hours on July 3 the Balnaves-1 well in PEL32 in the Otway Basin, South Australia, was at total depth of 2874mMD and was making up test tools for straddle test DST2, to be run over the interval 2748 - 2774mMD in the Pretty Hills Sandstone. The test is expected to commence later today.
NEW ZEALAND PEP38719, TARANAKI BASIN, BLIGH INTEREST: 5.00%
Bligh Oil & Minerals reports that the Kauri-1 is currently drilling ahead in 8(1/2)" hole at 3,877 metres, towards a Proposed target depth of 4,500 metres.
Civil engineering works for the Rimu production facilities have commenced and are proceeding on schedule. The initial stage of the production facilities are designed to handle 3,500 bopd and 7mmcf/d of gas, and are planned to be operational during the fourth quarter, 2001.
Extended production testing of the Rimu A and B pad wells commenced in April, and is ongoing. The Rimu A1 and B1 wells are currently being tested, with a combined daily production rate in the order of 1,200 barrels of oil.
Iluka Resources Limited has reaffirmed the Company's view that its takeover offer of $1 per share for Consolidated Rutile Limited (CRL) represents a full price and fair value to CRL shareholders.
Cue Energy Resources Limited is pleased to announce, that it has issued 8,471,191 new ordinary shares credited as fully paid in Cue Energy Resources Limited. The issue of these shares has been made at a price of A$0.15 per share.
On 1 August 1996 a 6% preference share placement was made for US$1 million by Cue PNG holdings Limited as part of the project financing arrangements for SE Gobe. The preference share was, subject to certain conditions, to convert into 8,471,191 Cue Energy Resources Limited ordinary fully paid shares. The issue has been made in satisfaction of the redemption of this preference share.
The issue has been made to the PNG Venture Fund Pty Ltd.
Empire Oil & Gas NL announces that its wholly owned subsidiary Rough Range Oil Pty Ltd has mobilised DCA Rig 6 to the Tess No 1 Well location on the 1 July 2001 after being released from the Brooke No 1 well site on the 30 June 2001.
The Tess No 1 well site, access roads and water bore are complete and upon DCA Rig 6 being re-crewed the spud date is anticipated to be the 31 July 2001.
The Company is pleased to announce that it has identified a major new basin and range environment prospective for Carlin style precious metal and other deposits and has subsequently acquired exploration and purchase rights over 1321 sqkm of Exploration Licences covering the Roger River Project in North West Tasmania.
The tenements cover essentially un-metamorphosed Proterozoic carbonate dominated sedimentary sequences with minor volcanics. The sequence is truncated by the deep crustal north-east trending Roger
River Fault which extends for approximately 50 kilometres.
There are two main targets on which the Company will be initially focussing.
The initial program of drilling at the Mt Watson Prospect which was completed in late June 2001, has been highly successful with an inferred resource of 837,000 tonnes of oxide copper mineralisation estimated, grading an average 13% Cu at 0.5% cut-off. The northwest trending mineralisation comprises an eastern and western zone and extends continuously within the strike length of the zones for 425m and 200m respectively. The eastern zone remains open to the east, west and at depth, with the western zone remaining open at depth.
This initial drilling program was limited to a depth of 25.5 m with some drill holes being mineralised over their entire length and some finishing in ore grade mineralisation.
The Mt Watson deposit, which will become a satellite open pit to the Company's Mt Cuthbert operation, is a greenfields exploration project with no mining or oxide zone exploration previously recorded. The fact that the first drilling program has resulted in the estimation of an inferred resource is highly significant in terms of the potential ultimate size and tonnage of the deposit.
Monto Minerals NL (Monto) is pleased to announce the signing of an agreement with Monadelphous Group Ltd (Monadelphous) to finalise the Feasibility Study, secure funding and develop the Goondicum Crater Project.
Monadelphous will finalise the feasibility study for the Goondicum Crater Project in exchange for equity in Monto. The amount of equity (Feasibility Fee) will vary depending upon the costs incurred by Monadelphous and is estimated at approximately ten percent of issued shares, but is capped at a maximum of approximately fifteen percent. Monto has the option of making a cash payment in lieu of issuing shares.
The Directors of Mosaic Oil NL request a trading halt according to Listing Rule 17.1 with immediate effect:-
Norwest Energy NL and Australian Worldwide Exploration Ltd have negotiated a deal whereby Norwest will acquire equity in two Perth Basin permits. The deal, which is subject to relevant consents and assignment documentation, provides Norwest Energy with early drilling on sizeable prospects which are in close proximity to production.
Norwest will earn a 5% equity in WA-286-P and 10% in EP 386, by funding 8% of the drilling of the Cliff Head 1 well and 15% of the drilling of Arradale 1.
In accordance with Listing Rule 3.1, Tap Oil Limited advises that its wholly owned subsidiary Tap West Pty Ltd ("Tap") has, along with Agip Australia Limited, elected to pre-empt an offer to purchase Pan Canadian Petroleum Limited's 40% interest in the WA-234-P permit containing the Woollybutt Oil Field.
Pursuant to this pre-emption election, Tap will acquire an additional 5% interest in the permit (taking it to a 15% interest), with Agip Australia Limited acquiring an additional 35% (taking it to a 65% interest).
Tap considers that the Woollybutt Oil Field has considerable potential particularly with the Joint Venture now well advanced with development planning. Specifically, the draft development concept has recently been discussed with regulatory authorities detailing the proposed development of the Woollybutt Oil Field using an FPSO (Floating Production and Storage Offtake) system with first oil targeted for early 2003.
The purchase price for the additional 5% equity is at this stage confidential and will be funded from Tap's existing cash reserves.
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 4,054 metres, and drilling ahead.
Directional drilling towards the primary objective and horizontal well section commenced at 3,980m, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed. The well will be drilled to a measured depth of 4557 metres.
Woodside Petroleum Ltd, Operator of the Mauritania, Area B Joint Venture, reports that the Courbine-lA ST1 well is currently preparing to commence drilling the 12(1/4) inch hole, after running and cementing 13(3/8) inch casing at 3186 metres.
Woodside Petroleum Ltd advises that it has agreed with Hardman Resources NL to take a placement of 33 million ordinary shares in Hardman, being approximately 11% of Hardman's currently issued ordinary shares at a placement price of A$1.10 a share.
The agreement includes an undertaking by Hardman to use placement funds substantially to finance its continuing commitments to its Mauritanian joint venture with Woodside.
The placement will enhance alignment between Woodside, as operator of the Mauritanian joint venture, and Hardman, as the two companies continue to explore the full potential of the Mauritania acreage.
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| All Ords | 3377.7 |
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Dow Jones | 10,593.72 |
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| ASX200 | 3438.4 | -51.9 | S&P 500 | 1236.71 | +12.29 | |
| All Resources | 1551.7 |
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Nasdaq | 2148.72 |
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| All Mining | 699.5 |
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Gold - spot/oz | US$269.70 |
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| All Gold | 836.2 |
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Silver - spot/oz | US$4.28 |
-0.02 | |
| AGC Explorers | 593 | +2 | Platinum - spot | US$543.00 | -6.00 | |
| Energy | 1699.0 |
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Palladium - spot | US$597.00 |
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| All Industrials | 5789.1 |
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Bridge CRB Futures Index | 204.77 |
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| FTSE 100 | 5716.7 | +74.2 | Crude Oil (NYMEX) | US$25.95 | -0.30 | |
| Nikkei | 12,751.18 | -217.87 | Copper (spot $US/tonne) | US$1551 |
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| Hang Seng | 13,042.53 | na | Lead (spot $US/tonne) | US$444 |
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| A$ = US51.12c |
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Zinc (spot $US/tonne) | US$870 |
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| A$ = 63.57yen |
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Nickel (spot $US/tonne) | US$6060 |
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| A$ = 0.604euro |
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Aluminium (spot $US/tonne) | US$1437 |
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| US 30-Year Bond |
5.331% | -0.059 | Tin (spot $US/tonne) | US$4690 |
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BankWest confirms that last week it appointed Mr Garry Trevor of Ferrier Hodgson as the Receiver and Manager of Beaconsfield Gold NL.
This appointment follows the appointment of Mr Michael Ryan of Taylor Woodings as the voluntary administrator of Allstate Explorations NL, the other joint venturer and Manager of the Beaconsfield Gold Mine in Northern Tasmania.
BankWest has a lending exposure to Beaconsfield Gold NL of $32.75m and also provides gold hedging facilities currently assessed at $5.7m.
The Voluntary Administrator is continuing to operate the mine supported by BankWest and Macquarie Bank Limited, the principal lender to Allstate. The Banks are in the process of commissioning a valuation of the mine and will move to an orderly sale of the project as a going concern.
While it is too early to identify the level of any required provision, based on information currently available, BankWest does not anticipate that there will be a material impact on the level of provisioning required in the Bank's half-year accounts.
For additional information, click here.
CHANGE OF DIRECTORS
The Board of Macmin welcomes Mr Ces E. Iewago, Managing Director of Public Officers Superannuation Fund of Papua New Guinea as a director with effect from today.
Mr Iewago is an accountant by profession whose expertise is in Investment Banking. He has been Managing Director of Public Officers Superannuation Fund of Papua New Guinea since September 2000.
Mr Iewago was previously General Manager of Investment Bank, Merryll Lynch in Papua New Guinea (1997 to 2000) responsible for its retail and corporate business in the country.
For details, click here.
Crown Structure Extended By Further Drilling Results
Significant results have been received from drilling on the Crown structure at Cracow.
Drilling has intersected high-grade gold mineralisation 70 metres above CBK027 on section 5600mN, and 100 metres south of CBK031 above the 1950mRL. The Crown structure remains open along strike and at depth.
Significant intersections returned since the last report are:
| Grid North |
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| CBK044 | 15.8 metres @ 14 gAu/t |
[375.2 - 391 metres downhole] |
5600 |
| including 3.45 metres @ 49gAu/t |
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| CBK045 | 6.2 metres @ 9.1 gAu/t |
[452 - 458.2 metres downhole] |
5760 |
| including 1.0 metres @ 21gAu/t |
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| 1.4 metres @ 4.6 gAu/t |
[464.2 - 465.6 metres downhole] |
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For details, click here.
AuIron Energy Limited's ("AUY" or "AuIron") plans to commercialise its 90 per cent owned SASE project have been significantly boosted by the recent operation of the demonstration plant in Whyalla at much higher than designed production rates. The proposed commercial project will involve construction and operation of a 2.5 million tonne per annum, iron smelter which will be supplied by the Group's South Australian coal and iron ore.
The demonstration plant, which has been operating since November 2000, has this week achieved a stable iron smelting rate at 50 per cent above design and a maximum rate for short durations at 75 per cent above design.
Brandrill Limited and President Steyn Gold Mines Limited (PSGold) announced a joint development program for the application of Brandrill's patented Penetrating Cone Fracture (PCF(TM)) technology at PSGold's gold mines located in the Free State Province, South Africa.
Hopkins Partners Funds Management Limited ceased to be a substantial shareholder in Central Norseman Gold Corporation Limited on 02/07/2001.
Iluka Resources Limited will build a $20 million zircon finishing plant at the Company's Geraldton mineral processing complex.
The project, expected to employ up to 100 construction workers during the next 12 months, will improve the quality and marketing options for Mid West zircon.
In addition, the plant will lower production costs and improve the efficiency of Iluka's operations in the region.
The Kalrez Contract Drilling Rig arrived at the Bula Field on the 29th June 2001 and has been unloaded and moved to the first location for the drilling of development well 81K-4. Well 81K-4 is the first well in the 2 year drilling development program being undertaken within the Bula Oilfield. Rig-up of the Drilling Rig is expected to take approximately 7 - 10 days. Drilling and completion of this well is expected to take 12-14 days from Rig-up and then the rig will be moved to the second location 72K-4.
Forrestania Gold NL and associates increased its relevant interest in Lionore Australia (Nickel) Limited on 27/06/2001, from 101,524,875 ordinary fully paid shares (75.20%) to 102,929,875 ordinary fully paid shares (76.24%).
MARLBOROUGH RESOURCES NL (MBG) is pleased to announce that the new ARDLETHAN TIN PROJECT was:
The Project was brought into production ahead of schedule as a result of exceptional efforts by many employees, consultants and contractors.
The Project has been commissioned on day shift to ensure good management and supervision of the commissioning of all equipment on the Project. Equipment and process circuits have been commissioned progressively dry, then with water and finally with ore or slurry.
Paladin wishes to advise that it has applied for two Exploration Licence Applications in the Mt Lofty Ranges, South Australia covering ground prospective for platinum/palladium (Pt/Pd) search.
These applications initiate the Company's recently announced strategy to develop targets prospective for Platinum Group Metals (PGM's) through utilisation of the extensive proprietary exploration database which the Company owns and application of certain target criteria not previously applied in search models for this commodity.
The Robe River joint venture partners have reached agreement to share rail infrastructure with Hamersley Iron.
The agreement provides for joint use of iron ore rail infrastructure in the Pilbara region of Western Australia and the establishment of the Pilbara Rail Company, a 50:50 joint venture between Rio Tinto Iron Ore and Robe River Iron Associates ("Robe").
Activity Update
Selwyn Mines Limited (ASX:SLN) has developed a preferred development option for its operations in NW Queensland to that announced in its scoping study. This expansion option will see plant throughput increase from 700,000 tonnes per annum ("tpa") to 1.7 million tpa with ore initially coming from the Mt Elliott and 276 mines. Total capital requirements over the next two years is expected to be approximately $13 million. This differs significantly from the scoping study results that estimated capital costs of $42 million to achieve a 2 million tpa treatment rate.
Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 4,039 metres, and drilling ahead.
Directional drilling towards the primary objective and horizontal well section commenced at 3,980m, and the well is now being steered towards the horizontal. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed. The well will be drilled to a measured depth of 4557 metres.
Woodside Petroleum Ltd, Operator of the Mauritania, Area B Joint Venture, reports that the Courbine-1A ST1 well was at a depth of 3195 metres in a 17(1/2) inch hole. Wireline logs have been run and formation pressures and fluid samples have been recovered. Logs indicate that a gross 9 metre gas column was penetrated. A gas water contact was intersected at the base of the gas column. The forward programme is to run 13(3/8) inch casing and then drilling will continue to the programmed total depth of 4000 metres.
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