Has entered into two heads of agreement, subject to completion of due diligence, to earn interests in mineral concessions in the north east and the south and east of the Democratic Republic of Congo. The projects cover an area in excess of approx 18,000km2 and are highly prospective for gold, platinum and diamonds.
Evans & Tate Ltd
Has announced the long term lease of Gnangara Vineyard from Beston Wine Industry Trust and the completion of the sale and leaseback of two of its properties, Oakridge Vineyards and Woods Vineyard.
Kimberley Oil NL
Has entered into two agreements with UK group Heritage Petroleum plc for the joint venture and acquisition of up to a 75% interest in each of four Coal Bed Methane and Coal Mine Methane application projects in France and Italy. The four projects cover approximately 2.3 million hectares and cover major historical coal producing areas estimated to host several trillion cubic feet (tcf) of coal derived methane.
Quadrant Iridium Ltd
Has executed an investment agreement with Q-Tel (NZ) Ltd. The investment of US$400,000 is for a fixed period of 9 months and sees Quadrant take a 10% share of specified revenue opportunities in development. At the end of the period, Quadrant has the option of having Q-Tel repay the US$400,000 investment (plus a 25% premium) or to continue the relationship.
Startrack Communications Ltd
Has entered into a conditional acquisition agreement to acquire Medepartner Ltd. Startrack must complete a placement of approximately 26,500,000 Startrack Shares at a price of 0.3 cents per share to raise approximately $80,000.
Strategic Minerals Corporation NL
Has accepted an offer from Barrick Gold of Australia Ltd to farm-in to Strategic's Woolgar gold project . The agreement provides for both Strategic and Barrick to conduct exploration over the Woolgar tenements . Strategic is to define initial shallow high grade open cut resources that it can develop for a 100% benefit, capped at 500,000 ounces. After Strategic has developed 500,000 ounces Barrick will be entitled to 51% and Strategic 49% of the profits from gold produced from near surface open cut mining.
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