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Potash West’s Dandaragan Trough glauconite project in the Perth Basin of Western Australia holds great potential for an increased resource, investment researcher Independent Investment Research said.

The Australian-based company is carrying out definitive feasibility study works at the phosphate project following the recently completed scoping study that supported its plan for a 2.4Mtpa operation with a 25 year mine life.

Australian-based Red Mountain Mining’s current drilling of new targets at the Lobo prospect at its 100%-owned Batangas gold project in the Philippines could add to its high grade inventory, Argonaut Securities said.
The gold explorer’s current drilling campaign outside of the project’s resources area, has identified a second gold lode at the West Drift target as well as a separate silver load.

Jubilee Platinum has skipped ahead in its bid to become a fully integrated, mines-to-metal platinum producer by 18 months with the acquisition of Platinum Australia and, according to London’s Shore Capital, there may be more deals on the horizon for the emerging junior.
Jubilee this week announced that the Implementation Deed and Supporting Transactional Documents had been executed ahead of its all-paper deal with Platinum Australia, which went into administration last year.

Western Desert Resources is on track to start shipping iron ore in October to the buoyant, China-backed market from its flagship Roper Bar project in Australia’s Northern Territory, Foster Stockbroking said.

Australian explorer Corazon Mining’s plan to conduct exploration drilling at its Top Up Rise project in Western Australia has a potentially massive upside if it pans out, corporate advisor Hartleys said.

Uncertainty surrounding the expansion of the Esperance port has taken its toll on Jupiter Mines, with Foster Stockbroking lowering its valuation of the company.
During the December quarter 2012, Jupiter announced that it would withdraw from its participation in the port expansion, after halting feasibility work at its Mt Ida iron ore project.
The company ceased activities at Mt Ida, in Western Australia’s Yilgarn region, on the back of higher than anticipated capital and operating costs along with adverse commodity and currency conditions.

A mixed bag from silver and gold producer and explorer Santa Fe Gold Coporation second quarter and first half results has convinced London investment bank VSA capital to maintain its BUY recommendation.
A strong set of numbers emerged from the company’s southwestern US operations base but its failure to convert its operational successes into sales continues to frustrate investors.

London-based Ariana Resources is on track for its first gold pour in 2014 at its Kiziltepe gold-silver project in Turkey following the submission of documents for the environmental approvals process, said equity research firm GECR.

London investment bank VSA Capital believes TSX-listed Tertiary Minerals’ announcement yesterday that it is targeting 85-105Mt at 9-11% fluorspar from its MB project in Nevada justifies its recent upgrade in valuation.
The company said it had confirmed the “world class potential” of the project but reiterated that the published figure was an estimate only under the JORC code and further drilling would be required to deliver those tonnes as a resource.

Canadian investment bank Haywood Securities believes a combination of plus 4Moz in the ground, further exploration potential, a decreasing risk profile, and an opportunity for regional consolidation makes junior gold developer Moneta Porcupine Mines a smart investment.
Moneta is developing the 4.3Moz Golden Highway project in the prolific Timmins Camp of northern Ontario, which has historic production of more than 85Moz and where the junior is the fourth largest landowner.


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