George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
https://www.ft.com/content/c93a0bdb-d7c1-48ce-9101-5faa766b24cf
http://www.investegate.co.uk/Article.aspx?id=201106161305095758I Offer too low
Mercator Gold Plc THEMAC Resources Group Releases Copper Flat PEA... THEMAC Resources Group Releases Copper Flat PEA Results Mercator Gold Plc MERCATOR GOLD plc (“Mercator Gold”, “Mercator” or “the Company”) AIM: MCR US OTC: MTGDY THEMAC Resources Group Releases Copper Flat PEA Results London 9 July 2010 Mercator Gold plc is pleased to announce that THEMAC Resources Group Limited (“THEMAC”) has released the results of the preliminary economic assessment (“PEA”) commissioned from SRK Consulting (US), Inc. for the Copper Flat copper-molybdenum-gold-silver project (“Copper Flat”) in New Mexico, USA. As previously announced, THEMAC has agreed to acquire Mercator’s exclusive option over a 100% interest in Copper Flat (“the Sale”). THEMAC is listed on the TSX Venture Exchange under the symbol MAC.H. Highlights PEA completed by SRK with robust results: Mine life 17 years. Payback within 2 years from start of production. Life-of-mine (“LoM”) operating costs US$1.41/lb copper equivalent, excluding gold and silver credits. Average production of approx. 36 million lbs copper and 628,000 lbs molybdenum per annum over first 13 years of operations. Further average production over four years of approximately 15 million lbs copper and 335,000 lbs molybdenum per annum. NPV (6%) US$144 million. IRR (post-tax) 23%. Initial capital US$179 million and sustaining capital over the LoM of US$112 million. Mine closure costs of US$40 million. A boost to the project economics is anticipated once gold and silver values are incorporated into the financial model and as aspects of the proposed mining operation are optimised. The updated Copper Flat Mineral Resource estimate by SRK (announced by THEMAC on May 25, 2010) now includes molybdenum. Upon completion of the Sale, THEMAC will proceed with a prefeasibility study, and pending positive economic results at that stage, onto a full feasibility study. Project permitting is already underway and all project costs are being met by THEMAC. A full announcement made by THEMAC on 8 July 2010 may be viewed on SEDAR (www.sedar.com). About the Sale Copper Flat is a former producing mine with substantial infrastructure still in place. As a result of the sale Mercator will acquire a substantial interest in THEMAC and will therefore retain a substantial interest in Copper Flat’s future development. Completion of the Sale is subject to, inter alia, the completion by THEMAC of a minimum C$5 million equity financing, and regulatory and shareholder approval. About Mercator Mercator is a diversified mineral and renewable energy development company creating value for its shareholders through a process of finding value, adding value and realising value. Mercator has an experienced management team with expertise in the structuring and executio
Cape PLC CAPE WINS ABU DHABI CONTRACT RNS Number : 8313O Cape PLC 06 July 2010 Embargoed: 0700hrs, 6 July 2010 CAPE WINS ABU DHABI CONTRACT BOROUGE PHASE 3 PETROCHEMICAL EXPANSION PROJECT Cape plc, the international provider of essential, non-mechanical industrial services principally to the energy and mineral resources sectors, has been awarded a letter of intent valued at circa US$18 million to provide Thermal Insulation Works on the Borouge Phase 3 petrochemical project in Ruwais, Abu Dhabi. Cape has been operating in Abu Dhabi since 1979 and this award follows Cape's successful completion of the Thermal Insulation Works on Borouge Phases 1 & 2. The award has been made by Consolidated Contractors International Company and Linde Engineering, the main Engineering, Construction and Procurement (EPC) contractors for the construction of the ethane cracker. The Borouge Phase 3 expansion will quadruple Borouge's polyolefins production capacity at Ruwais to over 4.5 million tonnes per year by 2013, making it the largest integrated polyolefins site in the world. Borouge is a leading provider of innovative, value creating plastics solutions. A joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world's major oil companies, and Austrian based Borealis, a leading provider of chemical and innovative plastics solutions, the company's footprint reaches across the Middle East, Asia Pacific, the Indian sub-continent and Africa. Martin May, Chief Executive of Cape plc, commented, "We are delighted to receive this award and to continue our long standing involvement with Borouge - the construction of one of the most impressive downstream facilities in the world." For further information please contact: Cape plc Martin May, Chief Executive or Richard Bingham, Chief Financial Officer Tel. +44 (0)20 3178 5498 M: Communications Patrick d'Ancona or Ben Simons Tel. +44 (0)20 7920 2340 About Cape: Cape plc (www.capeplc.com), which is listed on AIM (CIU), provides a range of non-mechanical industrial services including access systems, insulation, painting, coatings, blasting, industrial cleaning, training and assessment to both industrial plant operators and major international engineering and construction companies.
Exillon Energy Plc Production update RNS Number : 8541O Exillon Energy Plc 06 July 2010  Exillon Energy plc Production update 6 July 2010 Exillon Energy plc ("Exillon Energy", the "Company" or the "Group") (EXI.LN), an independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS") is pleased to announce that on 3 July 2010, Exillon Energy reached a combined production rate of 6,500 bbl/day from the Exillon TP and Exillon WS fields (Exillon TP 3,350 bbl/day; Exillon WS 3,150 bbl/day), which is about 600 bbl/day ahead of the production target announced previously. Upon completion of additional infrastructure projects remaining behind-pipe production capacity of 2,800 bbl/day will be added to the production flow. Contact details: Exillon Energy plc Nurlan Assilbekov, Investor Relations +971 56 657 0440 +44 79 2001 5131 Media Contact Tom Blackwell +44 207 920 2330 This information is provided by RNS The company news service from the London Stock Exchange END
Kalahari Minerals PLC Outstanding Infill Drilling Assay Results Kalahari Minerals plc / Ticker: KAH / Index: AIM / Sector: Mining & Exploration 2 July 2010 Kalahari Minerals plc (`Kalahari') Outstanding Infill Drilling Assay Results & New Zone of Mineralisation at Husab Uranium Project Kalahari Minerals plc, the AIM listed resource company, is pleased to provide an update, published by Extract Resources Ltd (`Extract' or `the Company'), in which Kalahari's subsidiary, Kalahari Uranium Limited, holds a 41.06% interest, regarding exceptional infill drilling assay results and the emergence of a new zone of uranium mineralisation at Extract's world-class Husab Uranium Project (`Husab'). Kalahari's Executive Chairman, Mark Hohnen, said, "As Extract approaches its production phase at Zones 1 and 2, these further exceptional assay results give additional credence to Husab's ability to host a truly world-class operating mine in the near future. The identification of high grade intercepts from infill drilling on Zones 1 and 2, including an outstanding 68 metres grading 5,767ppm of U3O8, will enable accurate definition of the optimum mine plan, further supporting the robust economics of the profitable, low risk, bulk tonnage, open pit mine, with 20+ years mine life, which Extract is establishing. "The new zone of mineralisation further compounds the evidence of the significant potential for Husab to accommodate multiple mining operations, providing considerable additional standing to the project as a whole, particularly as Extract approaches its production phase on Zones 1 and 2. Importantly, this emerging mineralised zone remains open down dip and along strike, and Extract will now initiate an additional drilling campaign. We expect this drilling to considerably increase the known dimensions of this zone, providing significant further upside to the entire Husab project and establishing it, in Kalahari's opinion, as one of the most important uranium discovery in recent decades." Extract Announcement: Rössing South: High Grade Result of 68 metres grading 5767 ppm U3O8 2 July 2010: Extract Resources Ltd (ASX/TSX/NSX: EXT), a uranium exploration and development company with projects in Namibia, today announced exceptional infill drilling assay results and the emergence of a new zone of uranium mineralisation at Rössing South, part of Extract's world-class Husab Uranium Project. Strong drilling rates continue to support the next resource update which will form the basis for completing the Rössing South Definitive Feasibility Study. The Company remains committed to the development of a mine at this globally significant project. Highlights: * Outstanding intercept of 68 metres grading 5767 ppm U3O8 in Zone 1. * New zone of ur
http://www.investegate.co.uk/Article.aspx?id=201006230700160749O
http://www.investegate.co.uk/Article.aspx?id=20100616150010PDAA0
Asterand Plc Asterand Signs Agreement with RNS Number : 5118N Asterand PLC 14 June 2010  For Immediate Release 14 June 2010 Asterand Signs Agreement with Amylin Pharmaceuticals BioMAP® Platform will screen peptides for therapeutic potential Asterand plc (LSE: ATD), a leading provider of human tissue and human tissue-based research services to pharmaceutical and biotechnology companies engaged in drug discovery research, today announced that its subsidiary BioSeek, LLC, a pioneer in the application of predictive human biology to drug discovery, has signed a one-year collaboration agreement with Amylin Pharmaceuticals, Inc. Under the agreement, BioSeek will apply its unique BioMAP® predictive human disease models to screen Amylin's PHORMOL library to discover peptides with a potential for treatment of a range of inflammatory conditions. This collaboration follows similar agreements in recent years between the two companies involving peptide screening and related drug discovery activities. Asterand's CEO, Martyn Coombs, commented: "Our BioMAP® human-based disease model is well-suited to assist Amylin in its search for new innovative treatments for inflammation. We look forward to assisting Amylin with this latest project, and other similar collaborations in the future." BioMAP® Systems are primary cell-based models of human disease biology, designed to replicate the intricate cell and pathway interactions as they are observed in human pharmacology and toxicology. Depending on their mechanism of action, drug compounds induce specific patterns of changes in these systems (BioMAP® profiles) that can be compared to a large number of reference profiles in the BioMAP® Database. BioMAP® provides early insight into human pharmacological and toxicological properties of compounds, including on- and off-target effects, dose responses, and the discrimination of closely related compounds
Zoo Digital Group Adoption of Blu-Ray authoring RNS Number : 4959N Zoo Digital Group PLC 14 June 2010 ZOO Digital Group plc ("ZOO" or "The Group") AUTOMATED BLU-RAY AUTHORING SOFTWARE ADOPTED BY MAJOR FILM STUDIO ZOO Digital, the provider of software and software-led services for the filmed entertainment market, announces that a major film studio has adopted its recently launched automated authoring software for the Blu-ray Disc format. Blu-ray, the next generation optical disc format for high definition video, is growing rapidly, with consumer sales up 94% year-on-year for Q1 2010 according to figures recently released by the Digital Entertainment Group Europe. ZOO's automated authoring software enables entertainment products to be created more efficiently for multiple languages and territories. An existing Hollywood studio client has adopted the software to create Blu-ray titles for recent and catalogue films for release in international territories. ZOO's innovative products are being used increasingly to centralise studio functions and drive efficiencies with each new product providing incremental recurring revenue potential from existing and new customers. Stuart Green, CEO of ZOO commented: "The major studios are continually looking for ways to make the release of a product more efficient and cost effective, and we're delighted that our approach to these issues is continuing to resonate and gain traction. Most of our solutions provide an alternative way of looking at an established problem, and our Blu-ray software is a good example of this. We're delighted to be entering this exciting marketplace." Ends