Giving you all the latest in Stock Market Information as it happens
 

Month: March 2011

Bulong Project WA HOA with Heron Resources Ltd

ASX Release Southern Gold significantly increases Bulong Gold Project through Heads of Agreement with Heron Resources Ltd Southern Gold Limited (SAU) (Southern Gold) and Heron Resources Ltd (HRR) (Heron) are pleased to announce the signing of a binding Heads of Agreement whereby Southern Gold has a right to earn up to 80% of the Herons Bulong project. Heron will retain all rights to nickel laterite and associated minerals. The Bulong project is located 20km east of Kalgoorlie and contiguous to the north east of Southern Golds 100% owned Bulong South tenements (Figure 1). The agreement allows Southern Gold to leverage off its discovery experience in this area and apply this knowledge to a tenement package that has, in recent times, been the focus of nickel laterite exploration. Commenting on the transaction, Southern Gold Managing Director, Nanette Anderson said we regard this a logical step in the development of Southern Golds project portfolio, to grow its gold business in this region.

In recent times the Bulong project area has been underexplored for gold and shows significant potential. On announcing the Heads of Agreement with Southern Gold, Herons Managing Director Mathew Longworth said, The transaction with Southern Gold is in keeping with Herons strategy of generating shareholder value from its substantial nickel laterite holdings through farmout of nonnickel laterite rights. With recent exploration success on the contiguous Bulong South Gold Project, Southern Golds main commodity target within this 84km2 tenement package is gold mineralisation. In addition to gold, testing for nickel sulphide and other base metal mineralisation will be conducted. The first work programme planned for the new project area will include regional auger/soil sampling programme, similar to the programme that highlighted the Cannon gold resource (JORC 80,000oz gold) and the highly prospective Cannon trend. Recent exploration of the whole tenement package was focussed on nickel rich ultramafics and their weathering products and consequently there has been no systematic exploration for gold in the greater area of the package that hosts an assortment of prospective lithologies and a number of key structures. The package is surrounded by modern and historical gold occurrences. Along strike to the north and immediately bounding the package are the historical gold mining centres of Queen Margaret, Green Harp and Taurus and to the south on similar structures are the workings of the Wombola field. Immediately to the south of the Bulong Project are Southern Golds wholly owned Clinker Hill Project that has also been the focus for nickel exploration yet is also prospective for gold, platinum and base metals. The agreement allows for Southern Gold to earn up to 80% of Herons Bulong project if it meets staged expenditure commitments up to $1M within 21 months.

Southern Gold is to spend a minimum commitment of $150,000 within 3 months of the commencement date. This will allow Southern Gold to complete its initial geochemical test work to identify priority target zones. Details The two parties have entered a binding Heads of Agreement with the intention of progressing this to a formal Joint Venture Agreement subject to the an initial work programme to be conducted by Southern Gold. Prior to negotiating a joint venture Southern Gold will spend a minimum of $150,000, within 3 months of the commencement date. After meeting the minimum commitment Southern Gold will spend an additional $350,000 within 9 months to earn a 60% interest in the project area. At the point at which Southern Gold earns a 60% interest in the Bulong project, Heron has the right to elect to fund its 40% interest. Should Heron elect not to contribute Southern Gold will have the right to sole fund an additional $500,000 within the 12 months, to obtain an additional 20% interest in the project.

Herons interest would then be free carried through to the completion of a prefeasibility study or $8m of cumulative expenditure, whichever occurs first. Subsequent to the completion of a prefeasibility study both parties will fund the joint venture pro rata. If either party is diluted to less than a 10% interest, that interest will be converted into a 2% net smelter royalty. For further information please contact Nanette Anderson Managing Director, Mathew Longworth Managing Director Southern Gold Limited ABN 30 107 424 519 47 Tynte Street North Adelaide SA 5006 PO Box 1016 North Adelaide SA 5006 T 61 8 8368 8888 F 61 8 8368 8899 E infosoutherngold.com.au W www.southerngold.com.au Heron Resources Limited ABN 30 068 263 098 Level 1, 37 Ord Street West Perth WA 6005 Australia PO Box WA 6904 T 61 8 9215 4444 F 61 8 9215 4490E W www.heronresources.com.au.

Bulong Project WA HOA with Heron Resources Ltd

ASX Release Southern Gold significantly increases Bulong Gold Project through Heads of Agreement with Heron Resources Ltd Southern Gold Limited (SAU) (Southern Gold) and Heron Resources Ltd (HRR) (Heron) are pleased to announce the signing of a binding Heads of Agreement whereby Southern Gold has a right to earn up to 80% of the Herons Bulong project. Heron will retain all rights to nickel laterite and associated minerals. The Bulong project is located 20km east of Kalgoorlie and contiguous to the north east of Southern Golds 100% owned Bulong South tenements (Figure 1). The agreement allows Southern Gold to leverage off its discovery experience in this area and apply this knowledge to a tenement package that has, in recent times, been the focus of nickel laterite exploration. Commenting on the transaction, Southern Gold Managing Director, Nanette Anderson said we regard this a logical step in the development of Southern Golds project portfolio, to grow its gold business in this region.

In recent times the Bulong project area has been underexplored for gold and shows significant potential. On announcing the Heads of Agreement with Southern Gold, Herons Managing Director Mathew Longworth said, The transaction with Southern Gold is in keeping with Herons strategy of generating shareholder value from its substantial nickel laterite holdings through farmout of nonnickel laterite rights. With recent exploration success on the contiguous Bulong South Gold Project, Southern Golds main commodity target within this 84km2 tenement package is gold mineralisation. In addition to gold, testing for nickel sulphide and other base metal mineralisation will be conducted. The first work programme planned for the new project area will include regional auger/soil sampling programme, similar to the programme that highlighted the Cannon gold resource (JORC 80,000oz gold) and the highly prospective Cannon trend. Recent exploration of the whole tenement package was focussed on nickel rich ultramafics and their weathering products and consequently there has been no systematic exploration for gold in the greater area of the package that hosts an assortment of prospective lithologies and a number of key structures. The package is surrounded by modern and historical gold occurrences. Along strike to the north and immediately bounding the package are the historical gold mining centres of Queen Margaret, Green Harp and Taurus and to the south on similar structures are the workings of the Wombola field. Immediately to the south of the Bulong Project are Southern Golds wholly owned Clinker Hill Project that has also been the focus for nickel exploration yet is also prospective for gold, platinum and base metals. The agreement allows for Southern Gold to earn up to 80% of Herons Bulong project if it meets staged expenditure commitments up to $1M within 21 months.

Southern Gold is to spend a minimum commitment of $150,000 within 3 months of the commencement date. This will allow Southern Gold to complete its initial geochemical test work to identify priority target zones. Details The two parties have entered a binding Heads of Agreement with the intention of progressing this to a formal Joint Venture Agreement subject to the an initial work programme to be conducted by Southern Gold. Prior to negotiating a joint venture Southern Gold will spend a minimum of $150,000, within 3 months of the commencement date. After meeting the minimum commitment Southern Gold will spend an additional $350,000 within 9 months to earn a 60% interest in the project area. At the point at which Southern Gold earns a 60% interest in the Bulong project, Heron has the right to elect to fund its 40% interest. Should Heron elect not to contribute Southern Gold will have the right to sole fund an additional $500,000 within the 12 months, to obtain an additional 20% interest in the project.

Herons interest would then be free carried through to the completion of a prefeasibility study or $8m of cumulative expenditure, whichever occurs first. Subsequent to the completion of a prefeasibility study both parties will fund the joint venture pro rata. If either party is diluted to less than a 10% interest, that interest will be converted into a 2% net smelter royalty. For further information please contact Nanette Anderson Managing Director, Mathew Longworth Managing Director Southern Gold Limited ABN 30 107 424 519 47 Tynte Street North Adelaide SA 5006 PO Box 1016 North Adelaide SA 5006 T 61 8 8368 8888 F 61 8 8368 8899 E infosoutherngold.com.au W www.southerngold.com.au Heron Resources Limited ABN 30 068 263 098 Level 1, 37 Ord Street West Perth WA 6005 Australia PO Box WA 6904 T 61 8 9215 4444 F 61 8 9215 4490E W www.heronresources.com.au.

Exploration Update – Copper and Gold at Tottenham

EXPLORATION UPDATE COPPER AND GOLD AT TOTTENHAM Widespread anomalous coppergold intersected in three EM targets five still to be drilled Further encouraging results received from initial drilling at the first three of eight highpriority electromagnetic (EM) targets at the Tottenham CopperGold Project, NSW. All three EM anomalies drilled to date exhibit widespread coppergold mineralisation or anomalism with results including Carolina Prospect 3.35 metres 3.42% copper, 0.79g/t gold in hole TMD7, drilled 200 metres northeast of the previously reported intersection of 2 metres true width 11% copper and 2.77g/t gold in hole TMD2 Orange Plains Prospect 3.21 metres 1.54% copper, 0.47g/t gold in hole TMD6, one of three holes targeting this anomaly, all of which intersected highly anomalous copper and gold mineralisation and Effies Ace Prospect three holes intersected substantial zones of pyrite with copper and gold anomalism. The emerging interpretation is one in which a cluster of Volcanogenic Massive Sulphide (VMS) bodies may be present at Tottenham. These bodies are volumetrically dominated by pyrite (an ironsulphide) but the economic target is zones of highgrade massive chalcopyrite (a coppersulphide) plus gold within the pyrite envelopes. The presence of chalcopyritedominant zones is indicated by the massive chalcopyrite/gold mineralisation in TMD2, and by the widespread coppergold mineralisation/anomalism intersected in every hole within the pyrite bodies. As such the Tottenham Project represents a highquality exploration opportunity. Drilling now underway will follow up the intersection in TMD2 and then proceed with firstpass testing of the remaining five EM anomalies. Mincor controls a 30kilometre strike length of the prospective rock unit at Tottenham in a contiguous whollyowned tenement package totalling 686 square kilometres. Australian nickel miner Mincor Resources NL ( MCR) is pleased to report further encouraging drilling results from its emerging coppergold exploration project at Tottenham in New South Wales, with the latest results suggesting the presence of a cluster of Volcanogenic Massive Sulphide (VMS) bodies including zones of highgrade massive chalcopyrite and gold. Mincor said all three EM targets drilled to date showed either highgrade or strongly anomalous copper and gold mineralisation in extensive sulphide zones within the quartzmagnetite unit.

The quartzmagnetite unit has a strike length of 30 kilometres, all of which is controlled by Mincor. An aggressive drilling program is continuing with a further five EM targets yet to be drilled. Mincor has upgraded the priority of the Tottenham Copper Project within its portfolio of emerging projects in light of the developing geological interpretation and the size and prospectivity of its tenements. Carolina Prospect Mincor has yet to complete direct followup drilling of the previously reported highgrade intersection achieved in drillhole TMD2 (2 metres 11% copper and 2.77g/t gold). However, holes TMD7 and TMD9 were drilled into EM targets some 200 metres north and 96 metres northwest of TMD2 respectively. Both holes intersected coppergold mineralisation, as follows TMD7 (lower zone) 3.35 metres 3.42% copper, 0.79g/t gold and 4.22g/t silver from 311 metres (estimated true width 3.08 metres) TMD7 (upper zone) 3.00 metres 1.22% copper, 1.27g/t gold and 2.05g/t silver from 296.5 metres (estimated true width 2.76 metres) TMD9 3.85m 1.40% copper, 0.65g/t gold and 1.5g/t silver from 164.55 metres (estimated true width 3.54 metres) In both cases the mineralisation was intersected at the same stratigraphic horizon (the quartzmagnetite unit) as the mineralisation in TMD2.

In both cases it is also clear that pyrite had replaced chalcopyrite as the dominant sulphide mineral. This may reflect a metal zonation, which is commonly seen in VMSstyle deposits. Drillhole locations and sections are shown in Figures 3 and 4. Orange Plains Prospect Three holes were completed at the Orange Plains prospect targeting a 500metre long eastwest trending EM anomaly located downdip and east of old workings associated with the nearsurface oxide zone TMD6 3.21 metres 1.54% copper, 0.47g/t gold, 6.96g/t silver from 308.79 metres (estimated true width 2.95 metres) TMD11 1.29 metres 2.7% copper, 0.57g/t gold, 10.72g/t silver from 255.49 metres (estimated true width 1.19 metres) and TMD11 0.75 metres 1.23% copper, 0.27g/t gold, 6.24g/t silver from 284.5 metres (estimated true width 0.69 metre). Once again, the mineralisation at Orange Plains occurs along the stratigraphic horizon of the quartzmagnetite unit. The dominant sulphide in both intersections was pyrite, but the presence of significant copper and gold mineralisation suggests the possible presence of a chalcopyriterich zone.

All three intersections also contain elevated levels of zinc, possibly further evidence of VMSstyle metal zonation. Drillhole locations are shown in Figures 5 and 6. Effies Ace Prospect Three holes were completed at Effies Ace, located along strike to the east of Orange Plains. TMD4 and TMD10 tested a broad EM anomaly similar to that at Orange Plains while TMD5 was drilled into a shallower anomaly updip from TMD4. These holes intersected massive to semimassive pyrite, highly anomalous in copper and gold TMD4 1.60 metres 1.17% copper, 0.36g/t gold, 4.41g/t silver from 221.3 metres (estimated true width 1.47 metres) TMD5 0.55 metre 1.86% copper, 0.35g/t gold, and 7.02g/t silver from 102.97 metres (estimated true width 0.51 metre) TMD10 Assays pending The results again suggest a pyritedominant massive sulphide system with potential for an inner zone of highgrade coppergold mineralisation.

Drillhole locations are shown in Figure 5. Provisional Interpretation Mincors provisional interpretation suggests the presence of a cluster of Volcanogenic Massive Sulphide (VMS) bodies. Like most such bodies, these are dominated by the common ironsulphide pyrite. Typically, copper mineralisation (/ gold) occurs within these broad pyrite halos, where the dominant sulphide becomes chalcopyrite. The chalcopyrite zones are believed to be the areas most proximal to the source of the fluids that formed the bodies perhaps black smokers erupting from the sea floor, driven by underlying igneous activity. Mincor believes that at least two, and perhaps many more, such VMS systems are present on its Tottenham tenements.

The exploration challenge is to find the core copper zones within the pyrite systems. Massive pyrite and massive chalcopyrite cannot be distinguished using geophysical techniques such as electromagnetic surveys. Therefore, while such surveys can identify the location of the VMS bodies, the economic mineralisation within them requires intensive drilling combined with geochemical and geological studies. Mincors immediate drilling program is to directly followup the highgrade mineralisation intersected in hole TMD2, after which firstpass drilling of the five as yet untested EM targets will take place. Simultaneously geological and geochemical studies will continue, with the goal of identifying vectors to mineralisation within the sulphide bodies. Mincor will also carry out a detailed groundbased EM survey over the Carolina Prospect, extending to the north where a large magnetic feature is present, and to the south beyond the recentlyidentified outcrop of gossan which yielded rockchip results of 13.75% copper and 0.37g/t gold as previously announced (see ASX Announcement 17 February 2011). Background Note Mincors 100%owned Tottenham Copper Project tenements cover an area of 686 square kilometres just north of the mining and farming community of Tottenham, in the geographic centre of New South Wales. Geologically, the area is dominated by a quartzmagnetite unit that has been folded into an anticline and along which numerous copper occurrences are present.

Many of these have been the subject of smallscale mining in the past. In broad terms, the rocks which lie above the quartzmagnetite unit are felsicdominated schists, probably representing alternating layers of felsic volcanism and sedimentation, now metamorphosed. The rocks below the quartzmagnetite unit are maficdominated schists and basalts, possibly representing the ancient seafloor in this area although locally around Orange Plains felsic schists appear to dominate. The quartzmagnetite unit itself could represent exhalative sedimentary deposits on the ancient seafloor the classic setting for volcanogenic massive sulphides (VMS). Mincors initial work at Tottenham focused on the nearsurface copper oxide potential of the exposed quartzmagnetite units.

Drilling during 2007/8 outlined a Mineral Resource estimated at 3.7 million tonnes 1.1% copper. This resource is contained in nearsurface oxide material at the Mount Royal Deposits (Mt Royal, Chris Watson and Orange Plains) and at Carolina. Historical Note Copper may have been discovered in the Tottenham area as early as 1872, but was certainly being produced by 1880. Numerous small mines were worked through the 1880s and 1890s, but the production heyday was between about 1905 and 1919. The town of Tottenham was proclaimed in 1907 and the railway line reached the town in 1916.

Copper production continued through to 1930 and to some small degree until as late as the 1970s. The current population of the town is just over 300, in a district of around 1000 people, many of whom are descendants of the original pioneering copper miners of the 19th Century. Information referenced from Unearthed The Story of Copper Mining in Tottenham and Albert, NSW, by Keith Berryman and others, published in 2005 by the Tottenham Historical Society Inc. Mincor is a leading Australian nickel producer. The Company is listed on the Australian Securities Exchange and forms part of the benchmark SP/ASX 200 Index.

Mincor operates two mining centres in the world class Kambalda Nickel District of Western Australia, and has been in successful production since 2001. ENDS Released by On behalf of Nicholas Read Mr David Moore, Managing Director Read Corporate Mincor Resources NL Tel (08) 9388 1474 Tel (08) 9476 7200 www.mincor.com.au.

Exploration Update – Copper and Gold at Tottenham

EXPLORATION UPDATE COPPER AND GOLD AT TOTTENHAM Widespread anomalous coppergold intersected in three EM targets five still to be drilled Further encouraging results received from initial drilling at the first three of eight highpriority electromagnetic (EM) targets at the Tottenham CopperGold Project, NSW. All three EM anomalies drilled to date exhibit widespread coppergold mineralisation or anomalism with results including Carolina Prospect 3.35 metres 3.42% copper, 0.79g/t gold in hole TMD7, drilled 200 metres northeast of the previously reported intersection of 2 metres true width 11% copper and 2.77g/t gold in hole TMD2 Orange Plains Prospect 3.21 metres 1.54% copper, 0.47g/t gold in hole TMD6, one of three holes targeting this anomaly, all of which intersected highly anomalous copper and gold mineralisation and Effies Ace Prospect three holes intersected substantial zones of pyrite with copper and gold anomalism. The emerging interpretation is one in which a cluster of Volcanogenic Massive Sulphide (VMS) bodies may be present at Tottenham. These bodies are volumetrically dominated by pyrite (an ironsulphide) but the economic target is zones of highgrade massive chalcopyrite (a coppersulphide) plus gold within the pyrite envelopes. The presence of chalcopyritedominant zones is indicated by the massive chalcopyrite/gold mineralisation in TMD2, and by the widespread coppergold mineralisation/anomalism intersected in every hole within the pyrite bodies. As such the Tottenham Project represents a highquality exploration opportunity. Drilling now underway will follow up the intersection in TMD2 and then proceed with firstpass testing of the remaining five EM anomalies. Mincor controls a 30kilometre strike length of the prospective rock unit at Tottenham in a contiguous whollyowned tenement package totalling 686 square kilometres. Australian nickel miner Mincor Resources NL ( MCR) is pleased to report further encouraging drilling results from its emerging coppergold exploration project at Tottenham in New South Wales, with the latest results suggesting the presence of a cluster of Volcanogenic Massive Sulphide (VMS) bodies including zones of highgrade massive chalcopyrite and gold. Mincor said all three EM targets drilled to date showed either highgrade or strongly anomalous copper and gold mineralisation in extensive sulphide zones within the quartzmagnetite unit.

The quartzmagnetite unit has a strike length of 30 kilometres, all of which is controlled by Mincor. An aggressive drilling program is continuing with a further five EM targets yet to be drilled. Mincor has upgraded the priority of the Tottenham Copper Project within its portfolio of emerging projects in light of the developing geological interpretation and the size and prospectivity of its tenements. Carolina Prospect Mincor has yet to complete direct followup drilling of the previously reported highgrade intersection achieved in drillhole TMD2 (2 metres 11% copper and 2.77g/t gold). However, holes TMD7 and TMD9 were drilled into EM targets some 200 metres north and 96 metres northwest of TMD2 respectively. Both holes intersected coppergold mineralisation, as follows TMD7 (lower zone) 3.35 metres 3.42% copper, 0.79g/t gold and 4.22g/t silver from 311 metres (estimated true width 3.08 metres) TMD7 (upper zone) 3.00 metres 1.22% copper, 1.27g/t gold and 2.05g/t silver from 296.5 metres (estimated true width 2.76 metres) TMD9 3.85m 1.40% copper, 0.65g/t gold and 1.5g/t silver from 164.55 metres (estimated true width 3.54 metres) In both cases the mineralisation was intersected at the same stratigraphic horizon (the quartzmagnetite unit) as the mineralisation in TMD2.

In both cases it is also clear that pyrite had replaced chalcopyrite as the dominant sulphide mineral. This may reflect a metal zonation, which is commonly seen in VMSstyle deposits. Drillhole locations and sections are shown in Figures 3 and 4. Orange Plains Prospect Three holes were completed at the Orange Plains prospect targeting a 500metre long eastwest trending EM anomaly located downdip and east of old workings associated with the nearsurface oxide zone TMD6 3.21 metres 1.54% copper, 0.47g/t gold, 6.96g/t silver from 308.79 metres (estimated true width 2.95 metres) TMD11 1.29 metres 2.7% copper, 0.57g/t gold, 10.72g/t silver from 255.49 metres (estimated true width 1.19 metres) and TMD11 0.75 metres 1.23% copper, 0.27g/t gold, 6.24g/t silver from 284.5 metres (estimated true width 0.69 metre). Once again, the mineralisation at Orange Plains occurs along the stratigraphic horizon of the quartzmagnetite unit. The dominant sulphide in both intersections was pyrite, but the presence of significant copper and gold mineralisation suggests the possible presence of a chalcopyriterich zone.

All three intersections also contain elevated levels of zinc, possibly further evidence of VMSstyle metal zonation. Drillhole locations are shown in Figures 5 and 6. Effies Ace Prospect Three holes were completed at Effies Ace, located along strike to the east of Orange Plains. TMD4 and TMD10 tested a broad EM anomaly similar to that at Orange Plains while TMD5 was drilled into a shallower anomaly updip from TMD4. These holes intersected massive to semimassive pyrite, highly anomalous in copper and gold TMD4 1.60 metres 1.17% copper, 0.36g/t gold, 4.41g/t silver from 221.3 metres (estimated true width 1.47 metres) TMD5 0.55 metre 1.86% copper, 0.35g/t gold, and 7.02g/t silver from 102.97 metres (estimated true width 0.51 metre) TMD10 Assays pending The results again suggest a pyritedominant massive sulphide system with potential for an inner zone of highgrade coppergold mineralisation.

Drillhole locations are shown in Figure 5. Provisional Interpretation Mincors provisional interpretation suggests the presence of a cluster of Volcanogenic Massive Sulphide (VMS) bodies. Like most such bodies, these are dominated by the common ironsulphide pyrite. Typically, copper mineralisation (/ gold) occurs within these broad pyrite halos, where the dominant sulphide becomes chalcopyrite. The chalcopyrite zones are believed to be the areas most proximal to the source of the fluids that formed the bodies perhaps black smokers erupting from the sea floor, driven by underlying igneous activity. Mincor believes that at least two, and perhaps many more, such VMS systems are present on its Tottenham tenements.

The exploration challenge is to find the core copper zones within the pyrite systems. Massive pyrite and massive chalcopyrite cannot be distinguished using geophysical techniques such as electromagnetic surveys. Therefore, while such surveys can identify the location of the VMS bodies, the economic mineralisation within them requires intensive drilling combined with geochemical and geological studies. Mincors immediate drilling program is to directly followup the highgrade mineralisation intersected in hole TMD2, after which firstpass drilling of the five as yet untested EM targets will take place. Simultaneously geological and geochemical studies will continue, with the goal of identifying vectors to mineralisation within the sulphide bodies. Mincor will also carry out a detailed groundbased EM survey over the Carolina Prospect, extending to the north where a large magnetic feature is present, and to the south beyond the recentlyidentified outcrop of gossan which yielded rockchip results of 13.75% copper and 0.37g/t gold as previously announced (see ASX Announcement 17 February 2011). Background Note Mincors 100%owned Tottenham Copper Project tenements cover an area of 686 square kilometres just north of the mining and farming community of Tottenham, in the geographic centre of New South Wales. Geologically, the area is dominated by a quartzmagnetite unit that has been folded into an anticline and along which numerous copper occurrences are present.

Many of these have been the subject of smallscale mining in the past. In broad terms, the rocks which lie above the quartzmagnetite unit are felsicdominated schists, probably representing alternating layers of felsic volcanism and sedimentation, now metamorphosed. The rocks below the quartzmagnetite unit are maficdominated schists and basalts, possibly representing the ancient seafloor in this area although locally around Orange Plains felsic schists appear to dominate. The quartzmagnetite unit itself could represent exhalative sedimentary deposits on the ancient seafloor the classic setting for volcanogenic massive sulphides (VMS). Mincors initial work at Tottenham focused on the nearsurface copper oxide potential of the exposed quartzmagnetite units.

Drilling during 2007/8 outlined a Mineral Resource estimated at 3.7 million tonnes 1.1% copper. This resource is contained in nearsurface oxide material at the Mount Royal Deposits (Mt Royal, Chris Watson and Orange Plains) and at Carolina. Historical Note Copper may have been discovered in the Tottenham area as early as 1872, but was certainly being produced by 1880. Numerous small mines were worked through the 1880s and 1890s, but the production heyday was between about 1905 and 1919. The town of Tottenham was proclaimed in 1907 and the railway line reached the town in 1916.

Copper production continued through to 1930 and to some small degree until as late as the 1970s. The current population of the town is just over 300, in a district of around 1000 people, many of whom are descendants of the original pioneering copper miners of the 19th Century. Information referenced from Unearthed The Story of Copper Mining in Tottenham and Albert, NSW, by Keith Berryman and others, published in 2005 by the Tottenham Historical Society Inc. Mincor is a leading Australian nickel producer. The Company is listed on the Australian Securities Exchange and forms part of the benchmark SP/ASX 200 Index.

Mincor operates two mining centres in the world class Kambalda Nickel District of Western Australia, and has been in successful production since 2001. ENDS Released by On behalf of Nicholas Read Mr David Moore, Managing Director Read Corporate Mincor Resources NL Tel (08) 9388 1474 Tel (08) 9476 7200 www.mincor.com.au.

M12 Rare Earth Target Update

M12 RARE EARTH TARGET UPDATE The Company is very pleased to advise that Program of Works for the Mt Barrett Project has been approved by the Department of Mines and Petroleum (Western Australia). The Mt Barrett Joint Venture Operator has engaged Drillwise Pty Ltd to complete the 900m drilling program on the M12 (Mt Weld Style Rare Earth) Target which is scheduled to commence on the 18th April 2011. The gravity survey being conducted by Atlas Geophysics was predominantly completed but was interrupted due to the weather conditions. The completion of the survey is scheduled for the end of next week. We look forward to providing more detailed information on the development of the project as we progress. Re Mt Barrett Joint Venture Datamotion Asia Pacific Limited is earning 70% in the project and Oroya Mining Limited is free carry for 30% to a decision to mine. Ken Lim Executive Chairman.

M12 Rare Earth Target Update

M12 RARE EARTH TARGET UPDATE The Company is very pleased to advise that Program of Works for the Mt Barrett Project has been approved by the Department of Mines and Petroleum (Western Australia). The Mt Barrett Joint Venture Operator has engaged Drillwise Pty Ltd to complete the 900m drilling program on the M12 (Mt Weld Style Rare Earth) Target which is scheduled to commence on the 18th April 2011. The gravity survey being conducted by Atlas Geophysics was predominantly completed but was interrupted due to the weather conditions. The completion of the survey is scheduled for the end of next week. We look forward to providing more detailed information on the development of the project as we progress. Re Mt Barrett Joint Venture Datamotion Asia Pacific Limited is earning 70% in the project and Oroya Mining Limited is free carry for 30% to a decision to mine. Ken Lim Executive Chairman.

Laconia Commneces Drilling at Kookynie Gold Project

Laconia commences drilling at the Kookynie Gold Project Key points 14 hole, 1,500m RC drilling program to commence at the Kookynie Gold Project The drill program will target down plunge extensions of historical high grade workings The project is located near Kalgoorlie in an historical highgrade mining centre and includes P40/1255 and P40/1256 Drill target area identified for Companys initial drill programs Project has potential to host smallmedium tonnage highgrade gold mineralisation Perth based exploration company Laconia Resources Limited ( LCR) is pleased to announce that it will commence a 14 drill hole, 1,500m reverse circulation drilling program on its 100% Kookynie Gold Project near Kalgoorlie today, 31 March. The program will be Laconias maiden drill campaign at the Kookynie project. It is designed to target down dip and plunge extensions of previous intersections at the Lily Prospect within the project area. The Kookynie project is host to a number of old workings, including the Lily Prospect, and some significant intersections have been recorded at Lily which highlights the prospectivity for the project to host small highgrade deposits. The project is located approximately 200km from Kalgoorlie (see Project Location Map attached), in the Melita Domain of the KeithKilkenny Tectonic Zone, within the NNWtrending Archaean Malcom greenstone belt. The KeithKilkenny Tectonic Zone in the vicinity of Kookynie is a triangular shaped area hosting a succession of Archaean maficultramafic igneous and metasedimentary rocks. The most recent exploration activity on these tenements was conducted by Kookynie Resources between 1998 and 2000.

Only a relatively small amount of previous drilling has been conducted to test the depth potential of this area. Highlights include Three RC holes tested the down plunge extensions of the Lily workings where 1,347oz gold has been historically mined from very highgrade structures averaging 64g/t Au Two RC holes under the historic Kathleen workings where 707oz Au was recovered at an average grade of 27 g/t Au. The best results reported were 2m at 1.44g/t AU and 1m at 3.87 g/t Au Independent mining consultants Snowdens conducted a detailed review of the tenement in a due diligence document, and provided the following comment Exploration in this area has not fully tested the depth extent of the historic workings and given the mining history along the Niagara trend, the potential to define further zones of highgrade, small to medium tonnage underground mineralisation is considered high. Significant results from the Lily Prospect previously reported ENDS For further information please contact Ian Stuart James Moses Managing Director Media and Investor Relations Laconia Resources Mandate Corporate P 61 8 9486 1599 M 0420 991 574 E jamesmandatecorporate.com.au E istuartlaconia.com.au www.laconia.com.au About Laconia Resources Laconia Resources is a Perthbased advanced gold and base metals exploration company.

The Company has a portfolio of advanced gold and base metals projects near Kalgoorlie and in the Murchison and Pilbara regions in Western Australia, across 35 granted tenements covering an approximate 955km2. Laconia has a significant base metal ground position in the Pilbara including the Lennons Find Project. Lennons Find is an advanced base metal exploration project, which has a JORC Code Inferred Resource of 853,000 tonnes grading 7.7% Zn, 1.8% Pb, 0.7% Cu and 115g/t Ag. The Company is focused on targeted exploration of its project areas, and further definition and expansion of its Resource base at its advanced projects..

Laconia Commneces Drilling at Kookynie Gold Project

Laconia commences drilling at the Kookynie Gold Project Key points 14 hole, 1,500m RC drilling program to commence at the Kookynie Gold Project The drill program will target down plunge extensions of historical high grade workings The project is located near Kalgoorlie in an historical highgrade mining centre and includes P40/1255 and P40/1256 Drill target area identified for Companys initial drill programs Project has potential to host smallmedium tonnage highgrade gold mineralisation Perth based exploration company Laconia Resources Limited ( LCR) is pleased to announce that it will commence a 14 drill hole, 1,500m reverse circulation drilling program on its 100% Kookynie Gold Project near Kalgoorlie today, 31 March. The program will be Laconias maiden drill campaign at the Kookynie project. It is designed to target down dip and plunge extensions of previous intersections at the Lily Prospect within the project area. The Kookynie project is host to a number of old workings, including the Lily Prospect, and some significant intersections have been recorded at Lily which highlights the prospectivity for the project to host small highgrade deposits. The project is located approximately 200km from Kalgoorlie (see Project Location Map attached), in the Melita Domain of the KeithKilkenny Tectonic Zone, within the NNWtrending Archaean Malcom greenstone belt. The KeithKilkenny Tectonic Zone in the vicinity of Kookynie is a triangular shaped area hosting a succession of Archaean maficultramafic igneous and metasedimentary rocks. The most recent exploration activity on these tenements was conducted by Kookynie Resources between 1998 and 2000.

Only a relatively small amount of previous drilling has been conducted to test the depth potential of this area. Highlights include Three RC holes tested the down plunge extensions of the Lily workings where 1,347oz gold has been historically mined from very highgrade structures averaging 64g/t Au Two RC holes under the historic Kathleen workings where 707oz Au was recovered at an average grade of 27 g/t Au. The best results reported were 2m at 1.44g/t AU and 1m at 3.87 g/t Au Independent mining consultants Snowdens conducted a detailed review of the tenement in a due diligence document, and provided the following comment Exploration in this area has not fully tested the depth extent of the historic workings and given the mining history along the Niagara trend, the potential to define further zones of highgrade, small to medium tonnage underground mineralisation is considered high. Significant results from the Lily Prospect previously reported ENDS For further information please contact Ian Stuart James Moses Managing Director Media and Investor Relations Laconia Resources Mandate Corporate P 61 8 9486 1599 M 0420 991 574 E jamesmandatecorporate.com.au E istuartlaconia.com.au www.laconia.com.au About Laconia Resources Laconia Resources is a Perthbased advanced gold and base metals exploration company.

The Company has a portfolio of advanced gold and base metals projects near Kalgoorlie and in the Murchison and Pilbara regions in Western Australia, across 35 granted tenements covering an approximate 955km2. Laconia has a significant base metal ground position in the Pilbara including the Lennons Find Project. Lennons Find is an advanced base metal exploration project, which has a JORC Code Inferred Resource of 853,000 tonnes grading 7.7% Zn, 1.8% Pb, 0.7% Cu and 115g/t Ag. The Company is focused on targeted exploration of its project areas, and further definition and expansion of its Resource base at its advanced projects..

Metal Storm Company Reports – Half Yearly

Metal Storm Limited 99 064 270 006 Contents to Annual Report CORPORATE INFORMATION ………………………………………………………………………………………………………………………………………………..2 . Metal Storm has issued similar announcements five times before, most recently about 0 minutes ago on Tuesday 31 August 2010. The announcement ‘Annual Report to Shareholders’ was issued to the ASX on Thursday 31 March 2011. Notice Type: Company Reports Half Yearly

Posted in Uncategorized

Farmworks Australia – Expiry of Options

31 March 2011 The Manager, Companies ASX Limited 20 Bridge Street Sydney NSW 2000 EXPIRY OF OPTIONS The Directors wish to advise that in accordance to the conditions attached to the grant of the particular options, the following options have now expired. Farmworks Australia has issued similar announcements 33 times before, most recently about 0 minutes ago on Monday 21 March 2011. The announcement ‘Expiry of Options’ was issued to the ASX on Thursday 31 March 2011. Notice Type: Other not one of the above

Posted in Uncategorized