Jul. 3 - The company said drilling was progressing well at Mokopane Iwith 1,522 m drilled between 23 April and 31 May to upgrade inferred resource to indicated resource and to extend resource.
Chief executive Fortune Mojapelo said that "Since listing on AIM in March we have made good progress in meeting our milestones. We remain on track to deliver a revised JORC resource in Q4 2012 following the current drilling campaign that is underway. In addition, we are now on target to deliver the scoping study on the mokopane iron ore project by Q1 2013 following the recent appointment of consultants to advise on the work streams."