INDONESIA - Orpheus resumes mining at B2

Orpheus Energy has re-commenced mining at its B2 coal project in East Kalimantan after the completion of an overburden removal program. The company’s Indonesian mining contractor PT Debbia Mining successfully removed the overburden and exposed coal at the 51%-owned project last month.  1

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INVESTMENT - OceanaGold to invest Can$4.2m in Pacific Rim

A non-brokered private placement of 42 million Pacific Rim Mining shares will result in total proceeds of Can$4.2 million for progressing arbitration at the company’s flagship El Dorado gold asset in El Salvador. OceanaGold Corporation will purchase the shares as a strategic exploration investment in return for almost 20% ownership of the high quality project.

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IRON ORE - Drilling completed at Tete project

Heavily mineralized zones up to 100 metres thick have been intersected at Baobab Resources’ Tete pig iron, vanadium and titanium project in Mozambique. The company scheduled a resource drilling program at the Ruoni Flats exploration target over 7500 metres while 3000 metres of drilling at the Ruoni North and South targets have also been completed.

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IRON ORE - Padbury upgrades JORC resource at Peak Hill

Joint venture partners Padbury Mining and Aurium Resources have announced an upgrade to the JORC resource at the Telecom Hill deposit within their Peak Hill iron project. The new resource estimate includes 925 million tonnes @ 27.2% iron, 46.5% silicon, 3.5% aluminium, 0.22% phosphorus and 0.04% sulphur hosted by magnetite-bearing banded iron formation (BIF) units.

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