Baobab Resources Plc (LON:BAO) is an iron ore, base and precious metals explorer with a portfolio of exploration projects in Mozambique. The Company is pleased to present an update of activities at the Massamba Group iron / vanadium / titanium project where resource inventories currently total 324Mt (JORC Inferred).
Joint Venture partners Padbury Mining Ltd (ASX:PDY) and Aurium Resources (ASX:AGU) are pleased to advise completion of the diamond core drilling program started in November last year at their flagship Peak Hill Iron Project.
Sundance Resources Limited (ASX:SDL) advises that its Mbalam Iron Ore Project in central West Africa has taken a significant step towards development with the Cameroon Government establishing a top-level Ministerial Steering Committee to co-ordinate and oversee planning for the mine and infrastructure. This Ministerial Committee replaces the Cellule which the Cameroon Government had established in 2007 to advise the Government on project matters.
Padbury Mining Ltd (ASX:PDY) and Aurium Resources Ltd (ASX:AGU) have finalised merger negotiations with the signing today of a binding Scheme Implementation Agreement.
Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) advises that the conditions precedent to the Mitsubishi transaction ("Transaction") requiring the State of Western Australia to agree to assign the Oakajee State Development Agreement ("SDA") to Mitsubishi Development Pty Ltd, and the novation of two port related contracts (with Landcorp and the Geraldton Port Authority) have been satisfied (in the case of the SDA and Landcorp contract), or waived by Mitsubishi (in the case of the Geraldton Port Authority contract).
Baobab Resources plc (LON:BAO), the iron ore, base and precious metals explorer with a portfolio of mineral projects in Mozambique, is pleased to announce that its Tete joint venture ('JV') partner, IFC, a member of the World Bank Group, has committed to supporting the 2012 exploration programme through a pro rata contribution of approximately US$1,900,000.
Murchison Metals Limited (ASX:MMX) releases a letter to Shareholders regarding a General Meeting of Shareholders of Murchison Metals which will be held at 10:00am (WST) on Monday 13 February 2012 to consider the proposed sale of the Company's interest in Crosslands Resources and the Oakajee Port and Rail infrastructure projects to Mitsubishi Development Pty Ltd.
