Alkane Resources Limited (ASX:ALK) has completed the Definitive Feasibility Study for its Dubbo Zirconia Project in New South Wales. The Study has a base case development of 400,000 tonnes per annum of ore throughput for an initial 20 year period. The more likely development of the expanded 1 million tonne per annum project provides a substantial upside to the base case model with a 20 year EBITDA estimated at A$6 billion. The project has received strong interest for all the product output at the expanded rate and three MOUs have been completed to date.
New Guinea Energy Limited (ASX:NGE) reported today that the Siphon-1 wet gas well in Papua New Guinea had reached a depth of 3863.7 metres, indicating the presence of hydrocarbons over an approximate 11 metre drilled interval. Detailed wireline logging will be conducted to interpret the significance of these hydrocarbon indications.
Lemur Resources Limited (ASX:LMR) has signed a Memorandum of Understanding with Jiro sy Rano Malagasy, the Madagascan Government's state owned electricity company responsible for the production, transport and distribution of electricity in Madagascar. Lemur Resources proposes to build and operate a coal fired power station in South West Madagascar, close to its Imaloto Coal Project, and to provide surplus electricity generated from the power station.
ActivEX Limited (ASX:AIV) announced further significant gold/silver intersections at the Barambah project. This project is a joint venture between ActivEX and Norton Gold Fields Limited (ASX:NGF). On completion of the current drilling and assaying program, ActivEX has exceeded expenditure of A$600,000 and therefore has achieved a 75% interest in the project.
Time Technoplast Limited (BOM:532856) will commence its industrial packing project in Malaysia at the end of Q1, 2012. After successfully starting its operations in China, Indonesia and Taiwan, the Company is now planning to set up packaging unit in Malaysia to produce plastic packaging products for customers in Malaysia and Singapore.
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