Sydney, Australia, July 22, 2011 - (ABN Newswire) - Xanadu Mines Limited (ASX:XAM.AX) has finalised a farm-in agreement on the Javkhlant coking coal exploration project in Mongolia. The agreement will be undertaken via Ekhgoviin Chuluu LLC ("EC"), the Joint Venture vehicle established to seek out and develop new coking coal opportunities as part of the strategic alliance between Xanadu and Noble Group Limited (SES:N21.SI). EC can earn up to 80% of the Javkhlant coal exploration licence by meeting various spending commitments over 2 years.
Kimberley Rare Earths Limited (ASX:KRE.AX) is ready to commence a range of high-impact exploration activities to advance the Cummins Range rare earth project in Western Australia. A 5,700-metre RC drilling programme is expected to commence once approvals are in place. The Cummins Range project contains 4.17Mt at an average grade of 1.72% total rare earth oxide, 11.0% P2O5 and 187ppm U3O8.
Consolidated Tin Mines (ASX:CSD.AX) has completed its latest phase of drilling for a total of 8,148 metres at its Mt Garnet Tin project in northern Queensland. The Company is currently waiting for assays results while planning for next phase of drilling to be commenced in August. The Mt Garnet project has a total JORC Mineral Resource of 7.3Mt at 0.60% Tin.
Strategic Energy Resources Limited (ASX:SER.AX) has signed an agreement with MEGA Graphite Inc for the proposed acquisition by MEGA Graphite of Strategic Energy Resources' wholly owned subsidiary, Tarcoola Gold Limited, which holds the assets of the Uley graphite project. Strategic Energy Resources will retain 20% interest in the project after the acquisition. A CDN$800,000 cash payment has been received by Strategic Energy Resources from MEGA Graphite, which will be followed by a further CDN$200,000 payment.
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