Grade control drilling success at Kainantu

K92 has received further strong results from the grade control drilling program at the Irumafimpa deposit of its high grade Kainantu Gold Project in Papua New Guinea. The mine is currently ramping up towards commercial production.

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Funds for Erdene’s Mongolian work

Erdene Resource Development Corp has closed its bought deal financing for gross proceeds of C$13.8 million. Funds from the oversubscribed financing will advance the company’s prospects in southern Mongolia.

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Administrators make progress with Kingsrose

Significant progress is being made in relation to Kingsrose Mining’s financial arrangements and operations at the Way Linggo Gold project in Indonesia, according to the company’s Administrators, Michael Ryan and Ian Francis of FTI Consulting.

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AMEC welcomes return of exploration growth

December quarter data released by the Australian Bureau of Statistics (ABS) confirms that mineral exploration is growing again in Australia. Association of Mining and Exploration Companies (AMEC) CEO Simon Bennison said the data showed that mineral exploration expenditure increased by 6.1% to $403 million.

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