PHILIPPINES - Next stage of Lobo drilling

Red Mountain Mining has planned the next stage of diamond drilling to test the Pica and Japanese Tunnel high-grade gold discoveries, which are part of the Lobo section of the Batangas Gold Project in southern Luzon. The company is undertaking a rights issue, funds from which will be used for the drilling program.

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PHOSPHATE - Monument seeks phosphate joint venture

Canadian gold producer Monument Mining has signed an agreement with Central Australia Phosphate (CEN) seeking to establish a joint venture at CEN’s Northern Territory phosphate projects.

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