CAMBODIA - Angkor enters strategic alliance

Angkor Gold Corp has entered into a definitive agreement with Tohui Beishan Property Group Holding Limited (TG) with the aim of fast-tracking Angkor’s Cambodian projects. The strategic alliance formed could result in TG investing US$10.485 million in Angkor.

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NEW CALEDONIA - Agreement on nickel joint venture

ERAMET, Vale Canada and New Caledonia’s South Province have signed a framework agreement providing for the exploration, study and beneficiation of the nickel deposits at Prony and Pernod in the south of New Caledonia.

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KAZAKHSTAN - New Lomonosovskoye estimate

Kazax Minerals’ independent Qualified Person Andrew Vigar, of Mining Associates, has completed a revised resource estimate on the Lomonosovskoye Iron Project. The new estimate is 478.1 million measured and indicated tonnes @ 30.5% iron and 28.4 million inferred tonnes @ 28% iron.

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MONGOLIA – Prophecy files revised Chandgana PEA

Prophecy Coal has filed a revised NI 43-101 compliant technical report on its Chandgana Tal coal mining licences in central Mongolia, including an updated Chandgana Preliminary Economic Assessment (PEA). The PEA examines the economics of coal production from the mining licences and excludes the Chandgana Khavtgai exploration licence.

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