Mundo Minerals Limited

Published : July 17th, 2009

Corporate Weekly Wrap

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Keywords :   Australia | Brazil | Copper | Debt | Diamond | Fixed | Gold | Gold Mine | Growth | Nickel | Oil | Shadow | Swiss |
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style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-br style+AD0-'mso-ignore:vglayout' clear+AD0-ALL+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-b+AD4APA-a href+AD0AIg-http://www.readcorporate.com.au/pdf/MUN+AF8-130709.pdf+ACIAPgA8-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Mundo+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- Minerals: +ADw-span class+AD0-SpellE+AD4-Crista+ADw-/span+AD4- Update - Resource Drilling Commences Following Further Positive Results +ADw-/span+AD4APA-/a+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4-Mundo+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- Minerals Limited (ASX: MUN)+ACY-nbsp+ADs-advises that the initial Diamond drilling programme at the +ADw-span class+AD0-SpellE+AD4-Crista+ADw-/span+AD4- anomaly, located approximately 1.6km north of its 100+ACU--owned +ADw-span class+AD0-SpellE+AD4-Engenho+ADw-/span+AD4- Gold Mine in Brazil, has been completed with results confirming the potential to delineate a significant high-grade satellite resource at +ADw-span class+AD0-SpellE+AD4-Crista+ADw-/span+AD4-. Results from the initial 6-hole Diamond drilling programme include results from initial surface sampling taken from the location of the drill hole, together with results from the drilling. Based on drilling results from the initial six drill holes and an analysis of the sections, it appears that +ADw-span class+AD0-SpellE+AD4-Crista+ADw-/span+AD4- has the potential to host greater productivity than the +ADw-span class+AD0-SpellE+AD4-Engenho+ADw-/span+AD4- ore bodies based on ounces per vertical metre. As a result of the success of this drilling programme, a further programme of in-fill drilling comprising approximately 900 metres of Diamond drilling has been approved and is currently underway to enable an initial JORC resource estimate to be undertaken and allow planning for mining of this resource in 2010. In addition to these encouraging results from the +ADw-span class+AD0-SpellE+AD4-Crista+ADw-/span+AD4- drilling, recent work undertaken by the Company's structural geologist has shown that there appears to be a structural relationship between the previously interpreted +ADw-span class+AD0-SpellE+AD4-Olhos+ADw-/span+AD4- and +ADw-span class+AD0-SpellE+AD4-Mazoca+ADw-/span+AD4- anomalies, significantly increasing the potential of this portion of the tenements. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4-+ADw-b+AD4APA-a href+AD0AIg-http://www.readcorporate.com.au/pdf/SMD+AF8-140709+ACU-20Quarterly+ACU-20Report+ACU-20June+ACU-202009.pdf+ACIAPgA8-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Syndicated Metals: Quarterly Report - June 2009+ADw-/span+AD4APA-/a+AD4APA-/b+AD4APA-b+AD4APA-span style+AD0-'mso-ansi-language:EN-GB'+AD4- +ADw-span lang+AD0-EN-GB+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Syndicated is focused on exploration for base metals on its Mount Isa projects in Northwest Queensland. Exploration during the quarter focused principally on a program of RC and Diamond drilling for extensions of the Barbara copper deposit located 50 kilometres north east of Mount Isa. In the first quarter of 2009 a ground based fixed loop transient EM survey was undertaken over the northern and southern shoots at Barbara to assist with drill +ADw-span class+AD0-GramE+AD4-hole+ADw-/span+AD4- planning. Three Diamond holes were drilled to probe this down plunge position between 250 metres and 350 metres below surface. Four shallow RC holes were drilled initially to test this zone between 20 to 80 metres below surface. After incorporating the results of the geophysical survey at Barbara into existing data a drilling program was planned with the work starting in early June and finishing in early July. A total of 1327 metres of RC drilling in 8 holes and 543 metres of NQ Diamond drilling in 3 holes were completed. Two RC holes for 234 metres were drilled at the old Referee mine, located about 10 kilometres north of Barbara. Further drilling is required to adequately test this prospect which has had no prior drilling. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-b+AD4APA-a href+AD0AIg-http://www.readcorporate.com.au/pdf/SFR+AF8-140709.pdf+ACIAPgA8-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Sandfire+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- Resources: Drilling Extends Known Limits of Conductor 1 Mineralisation+ADw-/span+AD4APA-/a+AD4APA-/b+AD4APA-b+AD4APA-span style+AD0-'mso-ansi-language: EN-GB'+AD4- +ADw-span lang+AD0-EN-GB+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4-Sandfire+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- Resources NL (ASX:SFR)+ACY-nbsp+ADs- has announced that the first Diamond drill hole at the Conductor 1 prospect at its +ADw-span class+AD0-SpellE+AD4-Doolgunna+ADw-/span+AD4- Project in Western Australia has extended the known limits of the mineralisation. This intersection (Intersection 4) is believed to be an extension of Conductor 1 at approximately 200m down dip from the mineralisation intersected and reported previously at +ADw-span class+AD0-GramE+AD4-hole+ADw-/span+AD4- DGRC 115. +ADw-span class+AD0-SpellE+AD4-Sandfire+ADw-/span+AD4- announced last week that the first Diamond drill hole at Conductor 1 had intersected two zones of massive sulphides. The first of these (Intersection 1) was recorded from 146m to 157m (11 metres down hole) and the second (Intersection 2) was recorded from 176m to 207m (31 metres down hole). This is a total of 60.5 metres of massive sulphide mineralisation (and a total of 66.5 metres of mineralisation in all) to a depth of 356.3m down hole. Intersection 3 is a new zone while Intersection 4 is considered to be a continuation of Conductor 1 at depth some 200m down dip from the mineralisation intersected in DGRC 115. This hole, DGDD 001, was designed to and now has intersected the Conductor 1 mineralisation at a vertical depth of approximately 300 metres and down dip from DGRC 115. +ADw-span class+AD0-SpellE+AD4-Sandfire+ADw-/span+AD4- has commenced Diamond drill hole DGDD-002, inclined 60 degrees to the north, located at 733840m E and 7172880m N (GDA94), targeting the +ADw-span class+AD0-SpellE+AD4-DeGrussa+ADw-/span+AD4- and Conductor 1 mineralisation at depth. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'text-align:justify'+AD4APA-b+AD4APA-span style+AD0-'font-size:11.0pt+ADs-font-family: Calibri'+AD4APA-a href+AD0AIg-http://www.readcorporate.com.au/pdf/BRW+AF8-160709.pdf+ACIAPgA8-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Sale of Breakaway's Mt +ADw-span class+AD0-SpellE+AD4-Finnerty+ADw-/span+AD4- Joint Venture Earn-In Rights +ADw-span class+AD0-GramE+AD4-To+ADw-/span+AD4- Reed Resources Ltd+ADw-/span+AD4APA-/a+AD4APA-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-font-family:Calibri+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs- font-family:Calibri+ADs-mso-ansi-language:EN-GB'+AD4-Breakaway Resources Limited (ASX:BRW) wishes to advise that it has sold its Earn-In Rights for the Mt +ADw-span class+AD0-SpellE+AD4-Finnerty+ADw-/span+AD4- Joint Venture to Reed Resources Ltd (ASX:RDR) for a total consideration of 500,000 fully paid ordinary shares in RDR (12 month trading range of +ACQ-0.165 - +ACQ-0.905 per share). The shares are not escrowed. In 2006, Breakaway entered into the Mt +ADw-span class+AD0-SpellE+AD4-Finnerty+ADw-/span+AD4- Joint Venture with privately listed +ADw-span class+AD0-SpellE+AD4-Barranco+ADw-/span+AD4- Resources NL to earn a 60+ACU- interest in the project by spending +ACQ-2 million over 4 years. Located 400 kilometres +ADw-span class+AD0-SpellE+AD4-eastnortheast+ADw-/span+AD4- of Perth, between the towns of +ADw-span class+AD0-SpellE+AD4-Coolgardie+ADw-/span+AD4- and Southern Cross, the project, while possessing nickel +ADw-span class+AD0-SpellE+AD4-prospectivity+ADw-/span+AD4-, is considered to be of a +ADw-span class+AD0-SpellE+AD4-greenfields+ADw-/span+AD4- nature. Given Breakaway's previously announced strategy of focussing its future exploration activities on its priority projects, and maximising shareholder value for non - core assets, the decision was made to dispose of +ADw-span class+AD0-SpellE+AD4-BRW's+ADw-/span+AD4- interest in the project, whilst retaining exposure to any future upside through a shareholding in RDR.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-b+AD4APA-a href+AD0AIg-http://www.readcorporate.com.au/pdf/COE+AF8-170709.pdf+ACIAPgA8-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Cooper Energy: Oil Flow, Cash Flow, News Flow+ADw-/span+AD4APA-/a+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-br+AD4- Three new oil discoveries, two successful development wells and ongoing prudent financial management have enabled Cooper Energy Limited (ASX: COE) to deliver a strong performance to 30 June 2009. The Perth-based Company today reported a 28+ACU- increase in oil production to 487,254 barrels for the year (2008: 380,135 barrels) - an all-time record which reflects the continuing strength and growth potential of its Australian onshore oil business. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-P50 developed recoverable oil at year-end was up by 33+ACU- to 1.9 million barrels, reflecting the discovery of three new oil fields - Parsons, +ADw-span class+AD0-SpellE+AD4-Perlubie+ADw-/span+AD4- South and Butlers - in the highly prolific PEL 92 onshore production area in South Australia and two successful development wells in the +ADw-span class+AD0-SpellE+AD4-Callawonga+ADw-/span+AD4- oil field (also in PEL 92).+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4AJg-quot+ADs-Importantly, smart exploration is also continuing to deliver great results in the Cooper Basin, with three new oil discoveries being made in PEL 92 this financial year,+ACY-quot+ADs- said Cooper Energy's Managing Director, Mike Scott.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4AJg-quot+ADs-Our exploration and development drilling success continues to deliver us increases in reserves and production capacity, which is important for the on-going funding of our global exploration and appraisal efforts,+ACY-quot+ADs- he continued.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4AJg-quot+ADs-Next financial year we are forecasting a base case production volume budget of 368,000 barrels of oil, which assumes no new discoveries and no further development success,+ACY-quot+ADs- he proclaimed.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-a href+AD0AIg-http://www.readcorporate.com.au/pdf/KZL+AF8-170709.pdf+ACIAPgA8-span class+AD0-SpellE+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Kagara+ADw-/span+AD4APA-/b+AD4APA-/span+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- Ltd: Debt Reduction and Lounge Lizard Payment +ADw-/span+AD4APA-/b+AD4APA-/a+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4-Kagara+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- Ltd is pleased to announce that, with the final tranche of +ADw-span class+AD0-GramE+AD4-A+ACQAPA-/span+AD4-57 million having been received from Guangdong Foreign Trade Group (GFTG) yesterday, a total of A+ACQ-226 million has been received as a result of the recently completed capital raising. As previously advised and subject to +ADw-span class+AD0-SpellE+AD4-Kagara+ADw-/span+AD4- shareholder approval, GFTG has a further option to increase its equity from the current level of 15+ACU- to 19.9+ACU- on a fully diluted basis by electing to subscribe for additional shares at +ACQ-0.80 per share by 10 August 2009. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4-Kagara+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- has since paid +ADw-span class+AD0-GramE+AD4-A+ACQAPA-/span+AD4-20 million to Western Areas NL for the initial development of the Lounge Lizard nickel deposit utilising the Flying Fox decline. This payment is the first step in the development of the Lounge Lizard nickel deposit which will ensure a minimum production of 50,000 tonnes per annum of nickel ore. The current high grade indicated resource at Lounge Lizard stands at 1.1 million tonnes at 4.6+ACU- nickel and remains open.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4-Kagara+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- has also repaid +ADw-span class+AD0-GramE+AD4-A+ACQAPA-/span+AD4-120 million of the Cash Advance Debt Facilities with NAB and Westpac Banking Corporation, reducing these debt facilities to A+ACQ-30 million and subject to final documentation, the remaining bank debt will be rolled to July 2010. The Board of +ADw-span class+AD0-SpellE+AD4-Kagara+ADw-/span+AD4- wish to acknowledge the strong support received from our brokers, Macquarie Capital Advisers Ltd and Southern Cross Equities Ltd, and our existing and new shareholders.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-a href+AD0AIg-http://www.readcorporate.com.au/pdf/SPI+AF8-170709.pdf+ACIAPgA8-b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Spitfire Secures 70+ACU- Interest +ADw-span class+AD0-GramE+AD4-In+ADw-/span+AD4- +ADw-span class+AD0-SpellE+AD4-Nt+ADw-/span+AD4- Tenements Surrounding Lindeman's Bore Discovery+ADw-/span+AD4APA-/b+AD4APA-/a+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-br+AD4- Spitfire Resources Limited (ASX: SPI - +ACY-quot+ADs-Spitfire+ACY-quot+ADs- or +ACY-quot+ADs-the Company+ACY-quot+ADs-) is pleased to advise that it has been successful in securing a 70+ACU- interest in a group of seven Exploration Licence Applications (+ADw-span class+AD0-SpellE+AD4-ELA's+ADw-/span+AD4-) which have been lodged surrounding the Lindeman's Bore Project, located 380km south west of Katherine in the Northern Territory (see Fig. The Lindeman's Bore Project is owned and operated by Proto Resources +ACY-amp+ADs- Investments Ltd (ASX: PRW), which recently reported a significant new mineral discovery at the LBD-1 target where it has completed a deep drill hole targeting +ACY-quot+ADs-Norilsk-style+ACY-quot+ADs- Nickel-Copper-PGE mineralisation. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-This discovery has significantly enhanced the +ADw-span class+AD0-SpellE+AD4-prospectivity+ADw-/span+AD4- of this area and the future potential for a new mineral province. +ADw-span class+AD0-SpellE+AD4-Mithril+ADw-/span+AD4- Resources Limited (ASX: MTH) also recently lodged two +ADw-span class+AD0-SpellE+AD4-ELA's+ADw-/span+AD4- immediately adjacent to the Lindeman's Bore discovery to the south and east, forming its Antrim Project. Spitfire has secured its 70+ACU- interest in +ADw-span class+AD0-SpellE+AD4-ELA's+ADw-/span+AD4- 27398, 27399, 27400, 27401, 27402, 27403 and 27404. The tenements have a total area of 9,680 square kilometres covering prospective magnetic features surrounding the Lindeman's Bore discovery.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADs-Spitfire will pay +ACQ-120,000 and issue three million fully paid shares to secure its interest in the ground package. Spitfire's Executive Chairman and Managing Director, Mr James Hamilton, said the Company was delighted to have secured its interest in such a large tenement package which provided exposure to a highly prospective emerging minerals region.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4-+ADw-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Resources Rising Stars August Luncheons will proudly feature Marengo Mining and +ADw-span class+AD0-SpellE+AD4-Sandfire+ADw-/span+AD4- Resources+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:18.0pt+ADs-text-align:justify'+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language: EN-AU'+AD4AJg-nbsp+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:46.35pt+ADs-text-align:justify+ADs-text-indent:-1.0cm+ADs-mso-level-font-family: Symbol+ADs-mso-level-indent:28.346pt+ADs-mso-level-size:10pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Brisbane: +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Monday, 10 August 2009,+ADw-span class+AD0-GramE+AD4AJg-nbsp+ADs- 12.00pm+ADw-/span+AD4- - 2.00pm+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- Customs House, Brisbane+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-b+AD4APA-o:p+AD4APA-/o:p+AD4APA-/b+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:46.35pt+ADs-text-align:justify+ADs-text-indent:-1.0cm+ADs-mso-level-font-family: Symbol+ADs-mso-level-indent:28.346pt+ADs-mso-level-size:10pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Sydney: +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Tuesday, 11 August 2009,+ADw-span class+AD0-GramE+AD4AJg-nbsp+ADs- 12.00pm+ADw-/span+AD4- - 2.00pm+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-span class+AD0-SpellE+AD4-Sofitel+ADw-/span+AD4- Wentworth, Sydney+ADw-b+AD4APA-o:p+AD4APA-/o:p+AD4APA-/b+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:46.35pt+ADs-text-align:justify+ADs-text-indent:-1.0cm+ADs-mso-level-font-family: Symbol+ADs-mso-level-indent:28.346pt+ADs-mso-level-size:10pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Melbourne: +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Wednesday+ADw-span class+AD0-GramE+AD4-,12+ADw-/span+AD4- August 2009, 12.00pm - 2.00pm +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-span class+AD0-SpellE+AD4-Sofitel+ADw-/span+AD4- Melbourne, Melbourne+ADw-b+AD4APA-o:p+AD4APA-/o:p+AD4APA-/b+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:46.35pt+ADs-text-align:justify+ADs-text-indent:-1.0cm+ADs-mso-level-font-family: Symbol+ADs-mso-level-indent:28.346pt+ADs-mso-level-size:10pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Adelaide: +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4-Thursday, 13 August 2009. 12.00pm - 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While every effort is made to provide an accurate and concise summary of ASX Announcements or Media Releases, these summaries should be viewed in conjunction with the full releases. The full announcements can be viewed via the heading links. Read Corporate provides no advice on dealing in securities and is not a financial adviser. +ADw-/span+AD4-Professional +ADw-span class+AD0-SpellE+AD4-advice+ADw-/span+AD4- +ADw-span class+AD0-SpellE+AD4-should+ADw-/span+AD4- +ADw-span class+AD0-SpellE+AD4-be+ADw-/span+AD4- +ADw-span class+AD0-SpellE+AD4-sought+ADw-/span+AD4- +ADw-span class+AD0-SpellE+AD4-before+ADw-/span+AD4- +ADw-span class+AD0-SpellE+AD4-making+ADw-/span+AD4- +ADw-span class+AD0-SpellE+AD4-investment+ADw-/span+AD4- +ADw-span class+AD0-SpellE+AD4-decisions+ADw-/span+AD4-.+ADw-o:p+AD4APA-/o:p+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4AJg-nbsp+ADsAPA-/p+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-/body+AD4- +ADw-/html+AD4-
Data and Statistics for these countries : Australia | Brazil | All
Gold and Silver Prices for these countries : Australia | Brazil | All

Mundo Minerals Limited

EXPLORATION STAGE
CODE : MUN.AX
ISIN : AU000000MUN9
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Mundo Minerals Limited is a gold exploration company based in Australia.

Its main asset in development is CRISTA in Brazil and its main exploration properties are JAQUEIRA, TOCANTINS and ENGENHO in Brazil and TORRECILLAS in Peru.

Mundo Minerals Limited is listed in Australia. Its market capitalisation is AU$ 9.7 millions as of today (US$ 9.8 millions, € 7.5 millions).

Its stock quote reached its highest recent level on February 29, 2008 at AU$ 1.02, and its lowest recent point on August 10, 2012 at AU$ 0.03.

Mundo Minerals Limited has 201 375 177 shares outstanding.

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Corporate Presentations of Mundo Minerals Limited
9/17/2009Expecting Major Progress in FY10
4/29/2008Eagle Research Report
Nominations of Mundo Minerals Limited
8/18/2010Senior Executive Appointment and Project Financing Update
12/1/2008Appointment of Chief Operating Officer
6/14/2007Update on Torrecillas Project, Peru and Key Appointment
Project news of Mundo Minerals Limited
5/27/2010(Engenho)Broker Report from Eagle Research
3/17/2010(Engenho)Second Satellite Gold Discovery Confirmed at Engenho
2/19/2010(Engenho)Production on Track as Peru Trial Mining Delivers Record
2/12/2010(Torrecillas)Project Development Update
1/14/2010(Engenho)Production Resumes at Engenho Gold Mine
9/9/2008(Engenho)Open BriefingR. CEO Gives Engenho Production Update
9/8/2008(Engenho)Engenho Production Update, Funding Facility and Project Reso...
8/15/2008(Engenho)Third Priority Gold Target Identified at Engenho
8/4/2008(Engenho)Crista Anomaly Channel Sample Assays and Widths
7/31/2008(Engenho)Significant Gold Results from Crista, Engenho Tenements
7/30/2008(Engenho)Open Briefing®. Mundo Minerals. Engenho Production & Other P...
6/3/2008(Engenho)Engenho Plant Commissioning Update
5/5/2008(Engenho)Open Briefing®. Mundo Minerals. Engenho Commissioning & Grow...
5/1/2008(Engenho) Engenho Gold Production Commences
4/8/2008(Engenho) Projects Update - Engenho Exploration Potential Upgraded
12/4/2007 Significant Diamond Drilling Intersection at Tocantins
9/10/2007Spectacular RAB Drilling Results From Tocantins
Corporate news of Mundo Minerals Limited
4/11/2011(Crista)Update on Crista Approvals following key resolution on propo...
3/4/2011Announces $10-15M capital raising to drive gold production a...
6/4/2010Projects and Development Update, June 2010
4/22/2010March 2010 Quarterly Report
2/8/2010Capital Raising
1/29/2010Quarterly Report December 2009
11/23/2009AngloPacific Group agrees A$5million funding for Mundo Miner...
10/28/2009September 2009 Quarterly Report
9/16/2009Exploration and Market Update
7/23/2009June 2009 Quarterly Report
7/17/2009Corporate Weekly Wrap
7/13/2009Crista Update: Resource Drilling Commences Following Further...
6/9/2009Encouraging Results from Initial Drilling at Crista
6/9/2009CEO on Corporate Production Plans
6/15/2009Fat Prophets Research Report
5/25/2009Company Update - Operations and ProductionGrowth
3/4/2009Market Update and Financial Guidance - March 2009
2/2/2009Open BriefingR.Operating Performance & Ramp-up
1/28/2009December 2008 Quarterly Report CORRECTED*
1/28/2009Quarterly Activities Report December 2008
7/28/2008June 2008 Quarterly Activities Report
6/18/2008Completes First Engenho Gold Pour
6/13/2008Announces Key Board Transition
4/28/2008 Quarterly Activities Report
3/25/2008 Expands and Enhances Asset Base in Brazil
2/11/2008Mundo Minerals - Tocantins Joint Venture Update
2/8/2008 Engenh's Revving Up - Lodge Partners Research Report
2/4/2008Update on Engenho & Exploration
1/31/2008Upgrades Gold Production Forecast From South American Mine
1/29/2008Quarterly Activities Report
11/13/2007 Project Progress Report November 2007
9/3/2007Open Briefing - Outlines Upside at Projects
8/17/2007August 2007 Project Progress Report
7/18/2007$18M Capital Raising to Secure Developments of South America...
7/9/2007RAB Drilling Upgrades Discovery Potential at Tocantins
4/18/2007Additional Significant Assay Results - Torrecillas Gold Proj...
4/16/2007Go-Ahead for South American Gold Mine
4/10/2007Significant Underground Sampling Assays at Torrecillas
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AUSTRALIA (MUN.AX)
0.0480
AUSTRALIA
AU$ 0.048
09/14 14:03 -
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