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Market: ASX
Sector: General Mining
Epic: .EMG
News: Latest news
Web Site: Emergent Resources
Other Articles: 18-02-201005-02-201031-01-2010

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Wednesday March 10, 08:50StatPro FY pretax up 48% in 2009, confident of good growth ahead

All performance indicators showed a marked improvement during 2009, and the financial software provider looks set to continue its good run in the current year.

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Thursday March 11, 07:27BP shells out US$7 billion for Devon Energy's assets in Brazil, Gulf of Mexico and Azerbaijan

In addition, BP will sell to Devon Energy a 50 percent stake in BP's Kirby oil sands interests in Alberta, Canada, for US$500 million.

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Tuesday March 09, 09:55Nidec Corporation adds third factory and laboratory in Dalian City, China

Nidec Corporation (NYSE:NJ), the Japan headquartered manufacturer of small-to-mid-size motors, fan motors, and pivot assemblies, is to expand its presence in China through the construction [...]

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Emergent Resources

Emergent Resources

Emergent Resources Limited (ASX: EMG) sees the present and foreseeable demand for resource commodities such as iron, base metals and precious metals remaining strong. The Company has successfully negotiated a joint venture to earn up to 80% equity (from De Grey Mining Ltd) of the potentially important Beyondie Iron Project and an option (subject to ASX listing) to acquire base metal, gold and uranium granted exploration licences and applications from Pandell Pty Ltd and Oakover Gold Ltd.

Emergent’s strategy is to effectively define and develop the company's Beyondie Iron Project exploration in conjuction with existing strong geological and structural association of lead-zinc and copper-gold mineralised targets.

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Friday, February 05, 2010

Emergent Resources unveils extremely positive results from testwork at Beyondie Iron Project

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Perth-based exploration company Emergent Resources (ASX: EMG) has announced "extremely positive" results from its recent diamond core testwork program at its Beyondie Iron Project in Western Australia’s Mid West region.

The Beyondie Project is located adjacent to the Great Northern Highway and Goldfields Gas Pipeline in the northern part of WA’s mid-west iron ore precinct.

Testwork by way of Davis Tube Recovery from diamond drill core from the Beyondie Project has confirmed the potential to produce a high-grade Direct Reduction quality magnetite concentrate with exceptionally low level detrimental impurities.

Results of up to very high 72.8% Fe and very low 1.1% SiO2 show strong potential for an onsite plant to produce the highest quality DR concentrate of +68%Fe and less than 4% SiO2.

Managing Director Garry Hemming  said the advantage of DR grade magnetite feedstock was that the energy requirement was significantly lower than for Hematite during smelting and also that the impurity level of the feed was small.

"This means that little flux will be required in the smelting process and will result in an increase in the overall Fe grade of the burden," Mr Hemming said.

DR grade is sold at a premium as it can lead to significant fuel and coke savings in the blast furnace in addition to enhancing productivity. Also the very low sulphur and phosphorus levels reduce pollution emissions – a significant factor for Chinese smelters.

Emergent has completed drilling 113 holes for 17,414.7 metres in October 2009, including 11 diamond core holes for advanced metallurgical testwork.

Weighted average downhole composite intervals shown. Davis Tube Recovery samples consist of 4m composites composed of ½ HQ core. DTR feed size is nominally 80% passing 25 micron. Cut off grade of 10% mass recovery used.

Inferred resources of 561 million tonnes grading 27.5% Fe have been established with additional 480 – 520 million tonne Exploration Target in the drilled area and another 3.7 to 4.2 billion tonnes Exploration Target outside the drilled area.

Emergent plans to develop the Beyondie Project into a world class magnetite project with potential for a long life iron ore operation.

 

 

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