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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX:BLR
News: Latest news
Web Site: Black Range Minerals
Other Articles: 06-01-2009

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Thursday March 18, 09:06The drugs work: Biocompatibles sees further good sales growth ahead

After better-than-expected sales growth in the 2009 full year, the drug-eluting beads maker forecasts more growth this year while the Oncology Products Division revs up the pace of product trials.

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Thursday March 18, 01:14Cisco remains at the forefront of internet infrastructure

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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Black Range Minerals

Black Range Minerals

Black Range Minerals is advancing the high-grade Taylor Ranch Uranium Project in Colorado, USA towards production.

The Company has delineated a JORC Code compliant resource base of almost 80 million pounds of U3O8 at its Taylor Ranch Uranium Project. This includes approximately 22 million pounds of high grade U3O8 which the Company is looking to develop in the near term.

Tuesday, January 06, 2009

Black Range Minerals buys Jonesville Coal Project in Alaska

Black Range Minerals (ASX:BLR) has announced the acquisition of a 100% interest in the advanced Jonesville Coal Project in Alaska, USA.  The project hosts JORC measured, indicated and inferred resources of 130Mt of high quality (low sulphur) thermal coal.  A revised resource/reserve statement will be issued by the company.

The company has also an option to reprocess up to 500,000 tonnes of clean coal tailings from the Even Jones Coal Mine.  If considered viable, this could generate cash flow in the short term.

Purchase consideration for the project is: the issue of 15 million fully paid Black Range Mineral shares, the payment of $US2 million and a two per cent gross value royalty on all project production to the vendors.

Historic production from Jonesville Coal Project is around 5.5Mt of high quality thermal coal between 1920 and 1968 from open pit and underground mining. Existing infrastructure is in place 100 kilometres northeast of Anchorage and readily accessible by road, with sealed highway within 2 kilometres of project. The project is 20 kilometres from existing railroad, with two ports nearby, both are fully equipped with coal loading facilities.  The project is close shipping distance to major markets in China, Taiwan, South Korea and Japan. 

The company has secured the Jonesville coal assets as it believes the acquistion is a "low risk, low cost" acquisition, with with near term development and cash flow potential.

Cash on hand for the company is approximately $10 million.

Black Range Minerals was trading at 5.5 cents.

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