NEW ZEALAND - Green light for Bathurst’s Escarpment Mine

No further appeal has been lodged over a New Zealand Environment Court decision to grant resource consent to Bathurst Resources’ Escarpment Coal Project. The company plans to begin development as soon as the final sign-off is received.

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NEW ZEALAND - High grade gold intersected at WKP

Glass Earth Gold has announced results for two drill holes in the Eastern zone of the Wharekirauponga (WKP) Gold Project. WKP is held by the Hauraki Joint Venture (HJV) - Newmont Waihi Gold (65%) and Glass Earth (35%) - and lies in the southern Hauraki Goldfield, 10km north of Newmont’s Martha Gold Mine.

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PAPUA NEW GUINEA - High grade Crater Mountain intersections

Limited underground exploration development by Crater Gold Mining has intersected a number of narrow gold-bearing mineralized structures with grades up to 109 grams/tonne gold similar to those previously mined from surface by local artisanal miners.

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PAPUA NEW GUINEA - PanAust to gain 80% of Frieda River

Australian-based copper and gold miner PanAust has entered into a $125-million agreement with a subsidiary of GlencoreXstrata plc to buy its 80% interest in the Frieda River Copper-Gold Project by acquiring all of the shares held by Glencore in Xstrata Frieda River Limited (XFRL).  1

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