Regency Mines has revealed that Direct Nickel Limited (DNi), in which it has a 7.5% stake, is making headway with testing of the nickel laterite treatment process at its Perth test plant.
With international commodity prices and exchange rates remaining volatile, St Barbara has sold forward 240,000 ounces of gold at Aus$1390 per ounce in a bid to specifically manage financial risk and assure overall cash margins during a period of additional and production ramp-up in its Pacific Operations.
PNG Gold expects to continue scaling down both operating and head office costs for the remainder of 2013 and into 2014 until plans for the next phase of exploration is finalized.
The Board of Foyson Resources has decided to relinquish its tenements at Golden Peak and North New Britain, and not progress with its exploration licence at Manus Island. This leaves the prime copper/gold focus on the South New Britain Atui porphyry deposit and the New Ireland copper/gold exploration licence applications.