Comval placed on care and maintenance

METALLUM Ltd, formerly Mining Group Ltd, has scaled down activities at its Comval Copper-Gold Project in line with its new strategy to focus on the El Roble Copper Project in Chile given that project high-grade, near-term production potential. The company is undertaking care and maintenance at Comval, working with local communities to ensure ongoing support for any future activities by the company.

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Cadan initiates company review

Cadan-CSRAFTER surviving a difficult 12 months through Board and management disruptions, limited access to funding and legacy issues impacting production at its T’Boli operation, Cadan Resources has commenced a strategic review. The review was announced in early May and is expected to take three to four months to complete Cadan’s president and CEO Peter Cunningham is managing and directing the process and has committed to provide an update by the end of June.

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Sierra acquired by RTG Mining

Sierra-MabiloSIERRA Mining has received further outstanding results from ongoing drilling at the Mabilo project in Luzon. After receiving these results Sierra became part of a new merged entity with RTG Mining. Canada-based RTG purchased all the shares of Sierra.

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St Augustine focus on de-risking King-king

ST Augustine Gold and Copper is focusing on key de-risking activities at the King-king Copper Gold Project in Mindanao with a goal of moving the project to construction in 2015 and ultimately reaching production in 2018. After completing a preliminary feasibility study (PFS) in 2013, the main activities this year include securing permits and funding.

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