Proactiveinvestors Australia

The Pre-Feasibility Study has forecast a cash operating cost at Hawsons of A$35.75/tonne at mine gate indicating a very healthy profit margin at forecast iron ore prices in the medium term and a decision to develop the project.

With the pre feasibility study of Hawsons iron project near Broken Hill almost complete, funding in place and existing infrastructure Carpentaria Exploration will likely soon be cashed up.

Carpentaria has ensured it will participate in the upside at the Hughenden Coal Project in the highly prospective Galilee Basin, with the decision to fund pro-rata exploration costs for its joint venture partner.

Carpentaria has the potential to become a mid-tier mining house with long-term revenue streams, with the massive maiden 1.4 billion tonnes at a magnetite DTR grade of 15.5% resource at the Hawsons Iron project.

With recent positive drilling results from Euriowie, this new acquisition, and tin prices jumping 50% in 2010, Carpentaria is moving toward its goal of becoming a mid-tier mining company and bears watching given the current valuation.

Peak Resources is on track to become the next major rare earth supplier from the Ngualla project in Tanzania. The company has produced two refined rare earth products at ANSTO Minerals - which importantly are in saleable form and available for evaluation by target customers.

The completed Scoping Study for the Mansa manganese project has demonstrated positive project economics as the project moves closer to production in a matter of weeks. Budgeted costs of delivering a CIF product are between $190 and $210 per tonne, in line with its expectations.

The start of the second phase drilling at Mt Forrest iron project puts Mindax on the path to potentially expand both the iron base as well as life of the mine. Importantly, it also has promise for the proposed partnership with Hong Kong-based Perpetual Mining, that could see the company invest $52 million.

The $5.1 million received is part of a planned $10 million investment by Owen Hegarty's EMR Capital in Highfield Resources to develop its advanced potash projects in Spain.

Having made inroads to access the eastern area of the high grade silver Bonanza Zone at the New Departure project in Montana, Black Mountain is on the cusp of first cash generative silver production.