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Additional Information
Market: ASX
Sector: Gold Mining
Epic: MII
News: Latest news
Web Site: Meridian Minerals Ltd
Other Articles: 03-02-201020-01-201023-11-2009

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The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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The stock has recently managed to breakout above the long term resistance found at the $25 level which should now provide support for any pullback before the share price drives higher

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Meridian Minerals Ltd

Meridian Minerals Ltd

Meridian Minerals Ltd, formerly Bellevue Resources Limited, is an exploration company. On July 28, 2008, Bellevue Resources Limited completed the acquisition of Meridian Mineral Limited, a junior exploration company. Meridian Minerals has secured the right to acquire a portfolio of exploration licenses, including Lachlan Fold Belt, Gawler Craton, Koonenberry Inlet and Thomson Fold Belt. It has also commenced a search for gold or gold-copper projects to complement the existing projects.
Monday, November 09, 2009

China approves $10.5 million investment in Meridian Minerals

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Northwest Mining and Geology Group has received Chinese government approval from the National Development and Reform Commission for the investment of $10.5M into Meridian Minerals (ASX: MII).

The investment will be made through China-based NWME’s wholly owned Australian subsidiary, Northwest Nonferrous Australia Mining.

Shares in the Meridiaan are trading around 9.7c.

NWME will now register the transaction with the Foreign Exchange Bureau so the investments funds can be provided to its Australian subsidiary.

The $10.5M in funds are expected to be available to Meridian before the end of November, with the company's planned 20,000m drill program and feasibility study at the Kapok and Kapok West mineral resources expected to commence as soon as practical following receipt of the investment funds.

Meridian managing director Jeremy Read said having the NWME investment approved by both FIRB and NDRC was an extremely satisfying and positive outcome for
Meridian.

“Meridian and NWME signed a placement agreement on 22 July 2009 and the NWME investment can now be settled, allowing both Meridian and NWME to crystallise the relationship which we envisaged back in July,” Mr Read said.

“Meridian is looking forward to having NWME as our major shareholder and working with NWME closely as we undertake our assessment and exploration programs on the Lennard Shelf Zinc project and in particular, the Kapok/Kapok West feasibility study.”

Meridian will issue to NWME 131,250,000 ordinary shares, raising $10.5M, at a share price of $0.08.

The Lennard Shelf region is one of the world’s premier Mississippi Valley Type
zinc-lead provinces containing pre-mining zinc-lead resources of 41 million tonnes @ 7.9% zinc and 3.2% lead.

BHP Minerals commenced exploration of the Lennard Shelf region in the late 1970’s and shared the exploration risk through a series of joint ventures. After several years of extensive exploration the Cadjebut deposit was discovered in 1984, Goongewa in 1987 and Kapok in 1989.

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