PAPUA NEW GUINEA - Significant Simuku intersections

Assay results from a drilling program at Coppermoly’s Horseshoe prospect within the Simuku project in Papua New Guinea show copper and molybdenum mineralization to more than 600 metres depth.

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PAPUA NEW GUINEA - WCB to earn 70% in Misima

WCB Resources will earn up to 70% of the Misima Island copper-gold project in eastern Papua New Guinea after signing a farm-in agreement with Pan Pacific Copper. WCB will earn the stake in increments by spending Aus$9 million during the next four years.  1

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PHILIPPINES - 36% increase in nickel resource at Acoje

UK-based nickel developer European Nickel (ENK) has completed an infill drilling program to update the nickel limonite and saprolite resource at the Acoje project on Luzon’s west coast in the Philippines.

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PHILIPPINES - Didipio meets construction milestones

Oceana Gold says it is on track to becoming a major gold mining company in the Asia-Pacific region, with construction of its Didipio gold-copper project on schedule. Construction milestones for the project were achieved during 2011 and the company says commissioning of the plant will take place in the fourth quarter of 2012.

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