INDIA – Funds to advance NSL and Vijay JV

NSL Consolidated will use $460,200 raised in a placement to advance its joint venture agreement (JVA) between subsidiary NSL Mining Resources and Vijay Mining, a wholly-owned unit of the Vijay Group. NSL has secured commitments for the placement of more than 23 million shares.

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INDONESIA - Barisan to resume Upper Tengkereng exploration

Barisan Gold officials have decided to re-initiate exploration and drilling activities at the Upper Tengkereng porphyry prospect in Aceh province following the revelation that a material potion of the prospect is outside a forest area. In coming weeks a drill rig will be mobilized to the site and drilling will resume in late August after the Ramadan holiday.  1

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INDONESIA - Cokal identifies coking coal at TBAR

Metallurgical coal producer Cokal Ltd has identified more than 35 coal seam outcrops after a month of geological-surface mapping in the company’s newly acquired Tambung Benua Alam Raya (TBAR) project in Central Kalimantan. Cokal owns a 75% interest in the greenfield project, which is adjacent to the company’s Bumi Barito Mineral (BBM) coking coal project.1

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