Proactiveinvestors Australia

Centrex Metals has a number of iron ore projects located on South Australia’s Eyre Peninsula, all within close proximity of the company’s proposed Port Spencer development with WISCO. Centrex's general manager will be discussing these projects with investors at "Stars in 2012". ** Register to attend today for free **

The road to production for Centrex is clearly laid out, with product from Fusion planned to be transported via a slurry pipeline to Port Spencer - proving a simple path to export. Chinese JV partner WISCO are aiming for first exports from 2015.

The establishment of an Ore Reserve at Centrex Metals’ Bungalow Magnetite Project is just weeks away following a recent 230% increase in the Resource. Centrex continues to advance towards achieving tonnages within its 530-750mt exploration target.

Managing director Jim White told Proactive Investors today that the results from a Scoping Study at Fusion have convinced Centrex and partner WISCO to spend another $45 million on a DFS at the project.

Want to ask CEO's probing questions? Proactive Investors provides the forum. Next up in Sydney is Centrex Metals, New Guinea Energy, Mutiny Gold, Paramount Mining Corporation, Laconia Resources, YTC Resources and Hastings Rare Metals.

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.