Mongolian coal explorer Aspire Mining Limited (ASX:AKM) is pleased to advise that it has agreed to assist to fund the completion of construction of a local hospital near to the Company's Ovoot Coking Coal Project ("Ovoot") in northern Mongolia.
Blackham Resources Limited (ASX:BLK) is pleased to announce it has secured up to AU$9,150,000 in funds to progress the exploration program at its 100%-owned Matilda Gold Project which currently yields 757,000 ounces of JORC-compliant inferred gold resource. The funding arrangement is underpinned by an AU$8,125,000 investment ("the Agreement") from The Australian Special Opportunity Fund, a New York-based institutional investor, managed by The Lind Partners (together, "Lind").
Bandanna Energy Limited (ASX:BND), through its wholly owned subsidiary Springsure Creek Coal Pty Ltd, is pleased to announce a 50% increase in the Marketable Reserve at its Springsure Creek Project in the southern Bowen Basin south of Emerald, Queensland.
Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is pleased to announce that the annual marketable coal production capacity from the Vista Coal Project ("Vista") has increased by 7% to 12.0 million tonnes per annum ("Mtpa"). The increased production rate is the result of an optimization study on the coal processing plant ("CPP") and mine scheduling and follows a feasibility study on Vista which was published on January 30, 2012.
Padang Resources Limited (ASX:PXR) is pleased to announce that it has received a Legal Due Diligence Report on the company/permit holder and title of the Paser Project, East Kalimantan.
Padang Resources Limited (ASX:PXR) is pleased to announce that it has signed an MOU with the shareholders of Paser Pte Ltd (Vendors), a company incorporated in Singapore, to acquire 70% of the issued shares in the capital of Paser (Acquisition).
Pan Asia Corporation Limited (ASX:PZC) is pleased to advise it has commenced further drilling in the north of the TCM Project concession, to follow up the recent positive drill results from this area.
