KYRGYZ REPUBLIC - Extensive drilling to begin at Uzgen

Celsius Coal has started its 2013 exploration work on the Uzgen Basin Coking Coal Project in the central region of the Kyrgyz Republic. Equipment is now on site to support an extensive multi-rig diamond drilling program with 4000-5000 metres of drilling planned.

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M & A - Impact acquires JV rights

Impact Minerals has completed, ahead of schedule, acquisition of the joint venture rights to the highly prospective Mulga Tank nickel and Broken Hill nickel-copper-PGE projects from Endeavour Minerals. The acquisition is part of a combined transaction with Impact’s 75%-owned Invictus Gold to acquire the projects and shares of Endeavour. Invictus has also announced completed its part of the transaction.

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MAGNESIUM - Funds for Latrobe Valley project

Latrobe Magnesium has secured short-term funding of Aus$400,000 to achieve its next milestones and progress work required for a bankable feasibility study on its plan to produce magnesium from voluminous fly ash tailings from electricity producers in Victoria’s Latrobe Valley. Pending success, Latrobe Magnesium would be Australia’s only magnesium producer.

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