WCB receives Misima technical report

WCB Resources has received an independent NI 43-101 Technical Report covering the Misima Gold-Copper Project in Milne Bay province. The report includes the initial inferred resource estimate for the Umuna Zone of 43.1 million tonnes at grades of 1.1 grams/tonne gold and 6 grams/tonne silver for a contained total of 1.57 million gold ounces and 8.5 million silver ounces.

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Kula Gold secures working capital facility

KULA Gold has arranged a working capital facility for Aus$3 million with RMB Resources. The facility ensures the company is funded through the final stages of the PNG Government approval process for the Woodlark Island Gold Project and provides working capital for most of 2014.

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Nautilus aims to push on with Solwara 1

AFTER receiving a favourable decision on arbitration with the State of Papua New Guinea, Nautilus Minerals aims to bring the Solwara 1 polymetallic seafloor massive sulphide deposit into production as soon as possible. In light of the arbitrator’s award, Nautilus will work with the government to move the seafloor project forward.

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Marengo assured of funds for 2014

MARENGO Mining has agreed to a refinancing transaction with major shareholder Sentient Executive which will ensure financial support for operations at the Yandera Copper-Molybdenum-Gold Project through 2014. Sentient and its related entities hold 21.97% of Marengo, which would increase to 65.26% assuming conversion of all new debentures issued in connection with the refinancing.

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