Testing of Irvine Island bulk magnetite samples by the CSIRO has boosted the stocks of Pluton Resources (ASX: PLV) as it managed to produce high grade concentrates with low impurities through beneficiation.

The market liked the results from the potentially iron ore rich Irvine Island also, and Pluton shares rose by 6%.

PLuton Resources Information At – > ASX

The results were deemed highly encouraging from CSIRO trial beneficiation using composite bulk samples from Phase 1 drilling on Irvine Island.  Testing of magnetite-rich ores was from the Yampi Iron Ore Project on Irvine Island, Western Australia.  Pluton has a 50% interest and Cliffs Natural Resources (NYSE: CLF), a 50% interest.

ASX code: PLV
Listing Date: 2006-12-15 00:00:00
Website: http://www.plutonresources.com
Industry: Materials

Principal Activities:
Mineral exploration focusing on copper, gold, silver in Tasmania and iron ore in Western Australia.

Address:
470 St Kilda Road, Ground Floor, c/- Accosec Consultants Pty Ltd,
MELBOURNE
VIC    3004

ABOUT PLUTON RESOURCES  PDF FILE  DOC FILE

Phone: (03) 9867 8283
Fax: (03) 9867 8587

Irvine Island is Pluton’s premier iron ore project located within the Kimberley Iron Ore Hub in Western Australia. Drilling on Irvine Island has identified a Inferred Resource of 54Mt at 49% iron (including 25Mt at 55% iron), with Phase II drilling targeting up to 130Mt of iron ore.  Managing Director Mr Tony Schoer said, “Tests indicate we can concentrate up to 37Mt of product from this 54Mt resource. This compares well to Cockatoo Island which has produced about 40Mt of product since mining began in the early 1950’s”. These islands are well located, with Cockatoo Island being the first mine in Australia to export iron ore. Tony Schoer, “There is direct access to deep water and no need for rail”. Mineralisation on Irvine Island remains open outside of the areas covered by Phase II drilling.

Welcome to the new Pluton Resources website.

Pluton has a small, but experienced team focusing on taking our Irvine Island iron ore project to development. This project is located within the Kimberley iron ore hub and near to the Koolan and Cockatoo Island Mines. Ore from the hub is renowned for its quality and low impurities. Our drilling confirms commercial tonnage of iron ore on Irvine Island. The island adjoins deep water channels and is well placed close to Asian markets. We have no need for rail. We also enjoy a strong relationship with the native title owners, and together we plan to make the Irvine Island project a long-term operation that creates significant value for all stakeholders. You will find more information about Irvine Island and our other projects on this website! If you have any questions about our company then please feel free to contact me.

PLUTON RESOURCES LIMITED (PLV)

Thu, 24 Sep 2009
12:00PM
Irvine Island Iron Ore Resource Increase – Tony Shoer, Managing Director

PLUTON RESOURCES LIMITED (PLV)

Latest Drilling From Pluton

Wed, 11 Feb 2009
11:15AM
PLV – Irvine Island Drilling Results – My Tony Schoer, MD

PLUTON RESOURCES LIMITED announcements

How are company announcements published on www.asx.com.au?

Date
Price
sens.
Headline
Pages
PDF

14/10/2009
Pluton investor presentation
25
PDF

12/10/2009
Capital raising update
1
PDF

07/10/2009
Change of Director`s Interest Notice
2
PDF

30/09/2009

New Data Confirms Irvine Potential
3
PDF

29/09/2009

Capital Raising Update
2
PDF

24/09/2009
BRR Interview
1
PDF

23/09/2009

Irvine Resource Increases By 315%
3
PDF

18/09/2009
Proxy Form
3
PDF

18/09/2009
Notice of Annual General Meeting
10
PDF

09/09/2009
Annual Report to shareholders
54
PDF

> search for past company announcements

Forbes’ 50 best listed companies in the Asia-Pacific region

“Our list is a mix of giant, established companies this year which includes Australian miner BHP Billiton ( BHP), Hong Kong conglomerate Noble Group and Indian oil and gas heavyweight RIL ( Reliance industries ltd) and smaller outfits such as Agile Property Holdings, Anhui Conch Cement and Digital China Holdings,” Forbes Asia said in a statement.

The other criteria for being in the list include long term profitability, sales and earnings growth, stock price appreciation, projects earnings, quality of management and entrepreneurial skills

As many as 13 Indian companies, including Reliance Industries (RIL), Infosys Technologies and Tata Steel, have made it to the list of Forbes’ 50 best listed companies in the Asia-Pacific region.

India Shines in Asia Forbes top 50 list

The Forbes list has four Indian entities – RIL, Bharti Airtel, Infosys Technologies and Tata Consultancy Services – among the top 10 firms in terms of market value.China has again outdone the rest of the Asia Pacific with the most number of firms (16) represented in the league, followed by India with 13 entities.

The Indian league has four newcomers this year – Adani Enterprises, Axis Bank, Jindal Steel & Power and Tata Consultancy Services – and among the Indian firms returning to the list include Bharat Heavy Electricals, Larsen & Toubro and RIL

“The mainland firms together with five from Taiwan and three from Hong Kong account for almost half of the entries, giving Greater China the biggest regional representation on the list,” Forbes said.

Taiwan moved up the ranking this year and is in the third place with five companies on the list, all of which are from the technology sector. Japan and Australia share the fourth place with four companies each on the list.

Ref :

INDIA SHARES INVESTMENT ( www.indiasharesinvestment.com )

Todays Stock market news

CBA ‘locks out brokers’
The Commonwealth Bank has been accused of locking mortgage brokers out of the $700 billion home lending market in a bitter battle for market dominance. The Australian

Asciano boss riles investors
Asciano boss Mark Rowsthorn and his banker, UBS, will dump up to $79.8 million of the company’s stock on the sharemarket to help pay for his liability under the company’s capital raising — a deal that could reap the managing director a $6.65 million windfall. Sydney Morning Herald

Todays Stock market update

Fortescue exceeds forecast
Operations at Andrew Forrest’s Fortescue Metals Group have improved in the fourth quarter with the self-proclaimed "third force in iron ore" reporting record shipments last month and beating a previously lowered forecast. The Australian

Stock market Roundup

Investors want Bowen to act
Great Southern Investors have called on Financial Services Minister Chris Bowen to intervene in the receivership of the collapsed group, warning they had lost confidence in the "fundamentally flawed" process being run by receiver McGrathNicol. The West

Links:

Coles vs Woolworths ( The pricing war)

Karoon gas the 2008 / 2009 star of the markets

Goldman Sachs Secret Trader software worth $$$ Hacked and leaked out to germany servers

Chinas Revenge

On Wednesday, the Australian stock market closed higher, after the local resources sector strengthened on the back of improved commodity prices.

The benchmark S&P/ASX200 index was up 37.0 points, or 0.99 per cent, at 3,779.7, and the broader All Ordinaries index added 39.0 points, or 1.06 per cent, to 3,728.2.

more…