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Australian-based Ascot Resources has returned encouraging data indicating the presence of coking coal from the first phase of drilling at its Titiribi coal project in Columbia, equity research firm RFC Ambrian reports.
Preliminary results indicate a semi-soft highly volatile coking coal could be mined at Titiribi, which is likely to be relatively high in sulphur but exceptionally low in phosphorous.

UK-based Regency Mines’ Mambare nickel laterite deposit in Papua New Guinea has the potential to be one of the world’s largest deposits of its kind, with its JV partner Direct Nickel’s new nickel laterite treatment technology to potentially add value to the project, Edison Investment Research said.

Exploration at TNG’s 100%-owned Mount Hardy copper-gold project in Australia’s Northern Territory has identified 13 prospective anomalous targets, which adds weight to continued exploration at the project, Old Park Lane Capital reports.
The company has flagged eight of these targets as priority areas for further work with ground geophysical techniques scheduled to advance the targets to drill-ready status with a plan to recommence drilling during the next quarter.

The future of Australian junior Gascoyne Resources’ promising Glenburgh gold project in Western Australia is tipped to be robust due to exploration potential and projected low capital costs, State One Stockbroking said.
The company’s 100% owned project has seen multiple highlights recently, including a resource boost which lifted its resource grade by 25%.
Gascoyne’s latest estimates put Glenburgh’s total resources at 21.1Mt at 1.5g/t for 1Moz at a 0.5g/t gold cut off.

Adelaide Resources’ exploration work at its Moonta copper gold project in South Australia is turning up high grade drill results with the company tipped for additional exploration success, Breakaway Research reports.
As part of its exploration works at the project’s Alford West prospect, the company recently intersected 20m at 4.2% of copper and 0.27g/t of gold from 32m and 45m at 1.55% of copper at 1.8g/t of gold from 15m.

Discussions about the future of Highlands Pacific’s Frieda River copper-gold project in Papua New Guinea are continuing after it challenged work by Xstrata Copper, with significant cash flow hinging on the successful development of the project, Independent Investment Research said.

Emerging producer Primary Gold’s Toms Gully underground project in Australia’s Northern Territory, which last month posted a 96% resource increase to 275,000oz gold, holds solid development potential, stockbroker Patersons Securities reports. 
Primary is conducting a feasibility study at Toms Gully, part of the wider Mt Bundy gold project, with outcomes and a reserve statement to be completed this quarter.

The future of Australian explorer Excelsior Gold’s Kalgoorlie North gold project, which hosts the resource-rich Zoroastrian deposit, is reliant on the gold price, research house Independent Investment Research reports.
The company recently increased resources at Zoroastrian to 6.58Mt at an average grade of 2.48g/t of gold, lifting the project’s total resources to 21.4Mt at 1.73g/t.

Foster Stockbroking has slashed its recommendation and target for shares in rare earths explorer TUC Resources after the Shandong Provincial Bureau of Geology and Mineral Resources terminated a $A21.5M exploration boost at the company’s tenements in Australia’s Northern Territory.
The Chinese state-owned company unexpectedly walked away from the deal to take a $2.25M placement in the company and commit to spend $19M on exploration to earn a 50% stake in the eight Stromberg tenements.

Consolidated Tin Mines is on track to deliver first tin production from its Mt Garnet project in Australia by mid-2014 after its major shareholder Snow Peak Mining acquired a nearby processing plant with the potential to process the company’s tin ore, equity research firm Breakaway Research said.  


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