KYRGYZ REPUBLIC - Uzgen Basin inferred resource up 16%

An updated JORC-compliant resource estimate for Celsius Coal’s Uzgen Basin Coking Coal Project has seen the total inferred resource increase by 40 million tonnes, or about 16%, over the 2013 resource statement. The total inferred resource now stands at 295 million tonnes.

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PAPUA NEW GUINEA - Copper observed in Nakru-2 core

Coppermoly appears to have intersected copper mineralization in two reconnaissance diamond core drill holes completed at its Nakru-2 prospect in West New Britain. This is based upon visual inspection by experienced geologists with assay results yet to be received.

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PAPUA NEW GUINEA - Sandfire acquires WCB interest

Sandfire Resources has reached agreement to acquire an interest in WCB Resources, a Toronto-listed, PNG-focused copper-gold explorer, by subscribing for all shares on offer in an Aus$5.9 million private share placement.

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