Proactive Investors Australia

BrazIron receives nod for drilling to start at Brazilian iron project

The environmental permit will allow the company to complete drilling of the northern sections of the Urubu ore body.

Mozambi Coal updates market on Songo License

Africa-focused Mozambi Coal (ASX: MOZ) will exercise its right to withdraw from its agreement

New Horizon Coal reveals maiden coal JORC resource at Kinney project

New Horizon Coal (ASX: NHO) has defined a maiden JORC Resource based on historical drilling at the Kinney Coal Project in Utah, within two months of acquiring the project.

Mutiny Gold: White Well Gold production set to begin in 2012

Mutiny Gold (ASX: MYG) partner Cobra Mining plans to begin production at the 113,000 ounce White Well Gold Project in Western Australia this year.

Integra Mining joins 100,000 ounces of gold production club

Integra Mining (ASX: IGR) achieved a gold production milestone of 100,000 ounces in early January at its Randalls Gold Project located 60-130 kilometres east of Kalgoorlie in Australia’s most prolific goldfield.

Eldorado Gold Corporation begins gold treatment in Turkey

Eldorado Gold Corporation (ASX: EAU) has commenced treatment of concentrate from the company’s Efemcukuru mine in Turkey after commissioning a concentrate treatment plant.

Guildford Coal unveils 925.9 million tonne maiden coal Resource in Galilee Basin

Guildford Coal (ASX: GUF) has reinforced the significant scale potential of the Hughenden Project, delivering a maiden Inferred Resource of 925.8 million tonnes of thermal coal within nine seams in the Permian Basin.

Lonrho Mining recovers two plus 5 carat diamonds from Lulo in Angola

Lonrho Mining (ASX: LOM) has recovered 35 diamonds with total weight of 38.65 carats from its Lulo Project in Angola, with processing ongoing. So far, just over 130 cubic metres of gravel from the Lulo Concession has been processed. The diamond grade o...

Central Asia Resources moves towards gold production with A$1m spend in Kazakhstan

As Perth-based Central Asia Resources (ASX:CVR) nears gold production from its Dalabai prospect in Kazakhstan it is already planning to bump up output beyond the forecast 25,000 ounces per year and potentially extend its current 2.7-year mine life.

Rex Minerals strikes high grade copper at Hillside in South Australia

Rex Minerals (ASX:RXM) has further identified extensions at its 100%-owned Hillside Copper Project on the Yorke Peninsula in South Australia, including high‐grade intersections on the recently tested Leprena structure at the southern end of the project.

DiamondCorp reveals a sharp improvement in grade at Lace as it moves into less diluted kimberlite

DiamondCorp (LON:DCP) this morning revealed a sharp improvement in the grade recovered from the historic Lace Mine in South Africa. Recoveries have improved to around 22 carats per hundred tonnes from 13.76 carats at the time of the last update a little

Great Panther Silver discovers additional mineralization at Mexican mine

Great Panther Silver (TSE:GPR)(AMEX:GPL) Tuesday announced the discovery of additional high grade silver-gold mineralization in an extension of the Cata Mine in the core of the Guanajuato Mine Complex in Mexico.

Stellar Diamonds prepares for maiden resource estimates and scoping studies at two flagship projects

Stellar Diamonds (LON:STEL) has hired a mining consultant in preparation for maiden resource estimates at its two flagship projects, it said today.

International Coal readies to test Queensland coal targets

Newly listed International Coal ( ASX: ICX ) has wasted no time with $7.7 million in hand to set its sights on an aggressive exploration program on its Queensland coal tenements.

Prosperity Minerals secures 4 mln tonnes of iron ore through off-take agreement

Prosperity Minerals (LON:PMHL) says it has now secured 4 million tonnes of iron ore through a deal with Blackrock Metals of Canada. The firm has exercised its option under the offtake agreement, struck previously with Blackrock for 800,000 tonnes of ore,

Universal Coal secures 40 pct ownership of plus billion tonne Berenice Coking Coal Project

Universal Coal (ASX: UNV) has moved to a direct 40% ownership of the Berenice Coking Coal Project and the Somerville project in South Africa, post the completion of the first phase of drilling and the updated resource estimate - which was completed by GEMECS. The significance of the ownership for Universal Coal is that Berenice hosts a coking coal JORC Resource of over one billion tonnes, with 218 million tonnes Indicated and 840 million tonnes Inferred.

African Queen, mineral exploration company set for upside

African Queen Mines (CVE:AQ) is an exploratory resource company focused in Africa, with loads of development potential. Being at its lowest share price in two years due a recent hammering of small-cap junior mining stocks, the company is set for significant upside potential, asserted CEO Irwin Olian to Proactiveinvestors.

Silver Lake Resources gold production cash costs just A$432 per ounce at Wombola

Silver Lake Resources ( ASX: SLR ) is set to commence gold production at the Wombola Dam open pit in September 2011, which forms part of the company's larger Mount Monger Operations.

Botswana Metals hits high grade copper silver at Dibete, near Airstrip prospect in Botswana

Botswana Metals (ASX: BML) has intersected high grade copper and silver from a 6000-metre drill program completed at the Dibete prospect in Botswana, adding weight to the resource estimation study set to be carried out following the next phase of drilling.

Ikwezi Mining focused on South African coal, IPO hits ASX boards at 10 pct premium

Ikwezi Mining (ASX: IKW) has been admitted to the ASX after a successful IPO which offered 150 million shares at $0.20 to raise around A$30 million.

Apollo Minerals metallurgical results point to commercial iron ore production at Mt Oscar

Apollo Minerals (ASX: AON) has received metallurgical test work results from the initial drilling program of Unit A at its Mt Oscar Main Iron Ore Project, indicating potential to produce iron ore concentrates suitable for steel making.

IMX Resources reaches 500,000t shipped ore milestone from Cairn Hill in just 7 months

Economies of scale are now being reached at Cairn Hill, as unit costs per tonne are falling as production is being ramped up. Phase one ore at the operation is expected to deliver 7.9Mt from two pits, generating revenue of A$250m at current prices.

Botswana Diamonds stays upbeat on exploration programme

Botswana Diamonds (LON:BOD) issued a mixed update on its exploration activities in Botswana but believes there are enough positives for it to press ahead with work aimed at furthering the assessment of its key prospects, most notably the AK9 structure, which is believes to hold considerable upside potential. The company is currently intent on refining the grade per ton and value per carat of diamonds discovered by prior work in kimberlites AK9, AK8 and BK5 in Botswana.