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PROJECT WATCH Tue 22/05/2012

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Indochine builds case, standing

May 9 - 15, 2012

THE chief executive of Indochine Mining Stephen Promnitz is understandably cautious being drawn on the potential numbers for the company’s possible mining operation at Mt Kare, but his description of the likely opportunity as “compelling” shows the high expectations.

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Parker Range awaits a berth

May 2 - 8, 2012

NIMBLE junior Cazaly Resources has endured a setback or two over the past seven years but a big change in fortune remains on the cards once the Western Australian State Government makes a decision on a port expansion at Esperance.

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Ormonde heading down home straight

March 21 - 27, 2012

LONDON-listed Ormonde Mining is looking ahead to offtake and full development funding agreements for its Barruecopardo tungsten project in western Spain, which are expected to be finalised in the coming months following a busy start to the year that included the release of a definitive feasibility study and the raising of more than €4 million.

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Timely arrival for Pilbara project developer

March 7 - 13, 2012

THE numbers as always are the crux of the matter but that aside, Venturex Resources looks like it has made a good appointment in the form of Michael Mulroney as its new managing director ahead of the proposed development of the Pilbara copper-zinc project in Western Australia.

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Bedding down first phase just the start

February 29 - March 6, 2012

SUMATRA Copper & Gold last week released the pre-feasibility numbers on the Tembang gold and silver development in Sumatra, Indonesia, and while they certainly don’t set the world alight on a headline basis, CEO Julian Ford can make the case for a very attractive underlying project.

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Reaction a sign of muddled market

February 22 - 28, 2012

FEBRUARY 27 - THEY’RE not sexy, they’re not immediately exciting, and, to be honest, many wouldn’t know what to make of all the numbers, percentages and chemical symbols that are presented in metallurgical test results. But for those involved in rare earth elements, these figures are the critical component of any project’s success, which may help explain the smile on the face of Tasman Metals boss Mark Saxon.

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Kaolin prospect looks good on paper

February 15 - 21, 2012

GIVEN the opacity of industrial minerals not to mention the history of kaolin in Australia – think Skardon River – Minotaur Exploration probably has a bit of a tough sell on its hands with the Carey’s Well kaolin project in South Australia. But given the potential money that can be made, it’s not surprising the junior is having a crack.

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Nena edges ahead

February 1 - 7, 2012

GOOD news late last month for the management and shareholders of Highland Pacific spells bad news for the owners of Indophil.

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Tungsten back in the spotlight

December 1 - 7, 2011

TUNGSTEN is firmly back on the table in the boardroom at Vital Metals with the company of the strong belief the Watershed project is “on the cusp” of being turned into a mine.

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Karara the key to Midwest future

December 1 - 7, 2011

NOVEMBER 28: AMID the continuing uncertainty around the big picture for iron ore in Western Australia’s Midwest there is the multi-billion-dollar Karara magnetite project and there is an echo of the voices of the pioneers who believed, back in the 1960s, in an epic future for iron ore mining in the Pilbara.

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Only permits can ease the pain

November 3 - 9, 2011

IT’S been a long time coming, but EMED Mining’s historic and politically charged Proyecto Rio Tinto copper development in Spain is looking like a proper mining project at last.

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Cyclone study may whip up more interest

October 27 - November 2, 2011

DIATREME Resources is within a month of completing a pre-feasibility study for its Cyclone project in the Eucla Basin and in world where zircon has become a commodity du jour of late, there should be plenty of interest in what the numbers show.

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Gold hopes high, Glory waits

October 13 - 19, 2011

THE critical juncture for Glory Resources is seen as being some way off, but if the outlook is as good as the claims being made, this budding Greek gold miner is going to do very nicely indeed with the advanced, but historically problematic Sappes gold project.

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Avebury restart is complicated

September 29 - October 5, 2011

MORE light has been shed on the “contentious” Avebury nickel mine in Tasmania bought by Zinifex in 2008 and now owned by Minmetals. However, it very much remains an $A860 million enigma whose future is uncertain.

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YTC maintains Hera margins

September 22 - 28, 2011

ANTICIPATED operating costs may have risen slightly in the upgraded definitive due diligence for stage one of YTC Resources’ Hera-Nymagee project in New South Wales, but operating margins are set to remain the same.

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Early days of promise for Potash West

September 15 - 21, 2011

BIG demand increases in the industrial chemical and food worlds (courtesy of the usual suspects) offer very profitable opportunities for certain potash producers. Provided its deposit(s) in the Dandaragan Trough of Western Australia stack up as expected, Potash West could be one of those producers.

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Otjo on track

September 1 - 7, 2011

SEPTEMBER 7: ALTHOUGH it is all quite boring so far as the market is concerned there is no way of getting round the long drawn out grind of feasibility work needed to get a project up and running. But the prize for Shaw River Manganese as it moves towards building its first mining project on the way to creating a global manganese business is a unique company in less than 12 months time.

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Cobar aims to provide pure excitement

August 18 - 24, 2011

SO-CALLED pure silver plays in Australia have been pretty rare since Legend Mining’s Elizabeth Hill in Western Australia shut down in the early 2000s.

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Overland copper option

August 11 - 17, 2011

UNABLE to generate good traction on the back of its mainstay zinc asset in the Yukon Territory, Overland Resources is looking to have a punt on a copper project it’s identified in British Columbia, Canada.

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Sunny outlook for Hillside

July 28 - August 3, 2011

FAIR to say there wasn’t an overly ecstatic reaction to the conceptual study for Rex Minerals’ Hillside copper project – as judged, though, by the almost always irrelevant daily market! – but the bottom line for managing director Steve Olsen would seem simply this: this is a solid, well located copper project in a world very short of similar such scenarios.

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