PHILIPPINES - NADECOR and St Augustine relationship ‘strong’

St Augustine Gold and Copper has announced that subsequent to shareholder approval at Nationwide Development Corp’s (NADECOR) annual general meeting, its chief operating officer Tom Henderson and general counsel Kee Ming Chi have been appointed to NADECOR's board of directors. NADECOR is St Augustine’s joint venture partner at the King-king copper-gold project. The appointment follows St Augustine’s acquisition, in June 2013, of a 25% interest in NADECOR.1

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PHILIPPINES - Red Mountain begins stage 1 drilling

Red Mountain Mining has commenced stage 1 of a drilling program to test high-grade epithermal gold exploration targets on the Lobo prospect at Batangas Gold Project, 120km south of Manila The initial target to be tested will be at Japanese Tunnel.

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PHILIPPINES - Review presses Tampakan reset button

A revised operating plan submitted for the $5.9 billion Tampakan Copper-Gold Project in Mindanao aims to secure crucial government support on key bottleneck issues prior to proceeding to final evaluation and possible development. The plan was submitted by Sagittarius Mines, the operating arm of the project, to project partners Glencore Xstrata and Indophil Resources, and follows a review of the development plan and schedule for the project.  1

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SOUTH PACIFIC - Zhongrun to invest in Vatukoula

Vatukoula Gold Mines has entered into an investment agreement with Zhongrun International Mining Co for Zhongrun to provide US$40 million of funding to implement the production growth strategy and capital investment plan at the Vatukoula Gold Project in Fiji.

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