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Additional information
Additional Information
Market: ASX / AIM
Sector: Coal
Epic: CCD
News: Latest news
Web Site: Caledon Resources
Other Articles: 12-02-201012-02-201028-01-2010

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Tuesday March 16, 11:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

The deal will allow the group to retain a substantial interest in the promising Mexican copper-gold-molybdenum-silver project without the associated costs.

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Wednesday March 17, 03:46Access Pharmaceuticals’ Cobalamin oral platform could offer new way to administer insulin

This morning, Access Pharma reported that two independent animal studies confirmed earlier findings that Cobalamin offers significant bioavailability of orally delivered insulin

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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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Caledon Resources

Caledon Resources

Caledon Resources plc is a dual listed public Company listed on the Alternative Investment Market of The London Stock Exchange and The Australian Securities Exchange (trading symbol: "AIM:CDN & ASX: CCD"). Caledon is a coking coal producer and explorer in the Bowen Basin of Queensland, Australia. It acquired the mothballed Cook Mine in late 2006 and has since recommissioned the operation and introduced an innovative new underground mining methodology. The Company also purchased the nearby Minyango exploration concessions in 2006 and has conducted a number of drilling programs in preparation for a feasibility study.

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Wednesday, November 19, 2008

Caledon Resources now cashflow positive

Caledon Resources, owner and operator of the Cook coal mine in Queensland's Bowen Basin, announced today that MD Mark Trevan would present at ABN Amro's Queensland Energy Conference, and that his presentation would draw attention to the fact that the company's cash-on-hand position now totalled AUS$40 million.
 
Trevan's presentation also provided an update on operations at Cook, including the fact that the mine was now generating positive cash flow, and that Caledon had no funding requirements in the short to medium term. Cash on hand has increased significantly from AUS$15.6 million as at the end of June to AUS$40 million at 14 November. Production for 2008 is forecast to be 425,000 tonnes of coking coal and 75,000 tonnes of thermal coal from a total ROM production of 600,000 tonnes. Continuing ramp-up of the Magatar mining system should enable 1.1 million tonnes to be mined in 2009, leading to saleable coal totalling 765,000 tonnes of coking coal and 150,000 tonnes of thermal coal.
 
Current focus of attention at Cook was an on-going cost reduction strategy, coupled with completion of the new pit bottom drift to enable re-location of Magatar mining operations to the Argo seam. Planned capital expenditure would secure 4 new cars for the Flexiveyor continuous haulage system and allow the completion and commissioning of the new thermal coal reclaim system.
 
Trevan also pointed out that Caledon's market value at just 20 cents per tonne of resource was some 16 times lower than the value attributed to recent coking coal acquisitions at New Saraji and Teresa. With 468 million tonnes of resource at Cook and the adjacent Minyango, where a pre-feasibility scoping study has commenced, Cook was well placed for future growth via potential development of Minyango or further expansion at Cook.

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