Encouraging results at Okalla prospects

A diamond drilling program by Angkor Gold Corp has confirmed the existence of gold veins in faults at the Okalla West intrusive complex in Cambodia. The program of 439.2 metres is being conducted in cooperation with Blue River Resources with another 123 metres drilled at Okalla East prospect.

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Major vanadium flow battery contract

Sparton Resources announces that Pu Neng Energy has been awarded a contract for construction of a 12-megawatt hour vanadium flow battery as Phase 1 of a larger 40-megawatt hour energy storage project in Hubei Province, China. This is a major milestone for Pu Neng and represents significant value to Sparton.

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China to grow despite debt risk

Rising debt represents a threat to China’s growth in the medium term, the International Mining and Resources Conference (IMARC) in Melbourne was told this week. The debt may soon reach around 300% of GDP, which will reduce China’s capacity to borrow if stimulus is needed to maintain future GDP growth, said China Hangking Holdings’ CEO president and CEO Greg Pan.

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Coppermoly plans next Mt Nakru drilling

Coppermoly is planning the next drilling program on the Mt Nakru Copper-Gold Project on New Brtiain Island in Papua New Guinea. The program will focus on seeking to upgrade the inferred resource category while defining the size of the Nakru 1 and Nakru 2 deposits.

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