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Eastern Iron to discuss upgraded asset portfolio at "Stars in 2012" in Sydney  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 21/11/2012

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Eastern Iron is on track to complete a Scoping Study at its Nowa Nowa Iron Project before the end of this year. Greg De Ross, managing director, has been secured to discuss this project and the company
(MENAFN - ProactiveInvestors - Australia) Eastern Iron's (ASX: EFE) managing director Greg De Ross will discuss the company's upgraded asset portfolio at "Stars in 2012" in Sydney next week, which includes the Nowa Nowa Iron Project in eastern Victoria.

The forum is free to attend, but you must register as this is a private function.


At Nowa Nowa a Scoping Study on possible mining development options is on track for completion before the end of the year.

The proposed development would see hematite and magnetite iron ore mined from open pits at the Seven Mile and Five Mile deposits. The ore would be beneficiated by crushing and simple low intensity magnetic separation to produce around 1Mt pa of 60% iron coarse sinter product.

Iron product would be trucked 220 kilometres along sealed roads from the mine site to a bulk loading facility at the SEFE operated port facility south of Eden.

Eastern Iron recently raised 1.26 million from a placement at a 28% premium to the average closing price for the week prior to the placement.


The One2One Forum brings you six exciting companies presenting.

The event is FREE, but registration IS A MUST.

DETAILS: The event will be held on Wednesday 28th November at the Radisson Blu Hotel, corner of Pitt and O'Connell Street, Sydney from 5.30pm.

The event will be followed by a wine and canap reception where you can interact with the presenting MDs & CEOs.

LUCKY DOOR PRIZE: All attendees instantly go into the draw to win 1 of 3 lucky door prizes (including early prize) drawn on the night: a 100 Apple voucher (early bird prize), a 100 voucher for Radisson Blu Hotel, or a 100 Ticketek voucher.


Ezeatm (ASX: EZA) is the largest ASX-listed ATM deployer and is continuing along a rapid growth path, following preferred supplier agreements with Metcash and the DIB Group of companies.

Southern Hemisphere Mining (ASX: SUH, TSX-V: SH) is focused on Chile in South America, and wholly owns the Llahuin Copper/Gold Project. Earlier in the month the company raised US5 million at a 47% premium in a placement to the C3 billion Lundin Mining Corporation (TSX: LUN).

Titan Energy Services (ASX: TTN) provides a range of energy services including drilling, camp hire and remote camp management, to the coal seam gas industry. Long term contracts have being reached with three of the four major coal seam gas developers for its drilling rigs.

Eastern Iron (ASX: EFE) is targeting iron ore on the infrastructure-rich, eastern seaboard, which is home to the bulk of Australia's industrial capacity, population, workforce and markets.

AusTex Oil (ASX: AOK) produced 500 bpod oil Net Production in the last week of September, with gross sales for the qtr US1.4m, up 33% on June qtr. The 2012 Vertical Well development program is delivering two new wells per month. AusTex has 2P Reserves of 5.9m BOE and a 2P 10% NPV est. of 288m.

Pancontinental Oil & Gas (ASX: PCL) holds petroleum exploration acreage in Kenya, a growing hotspot for the oil and gas industry as well as assets in Namibia, and Western Australia.


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