September 8, 2010 Petmin Ltd reported South African operational results for the fiscal year ended June 30, 2010. The Anthracite division produced 467 843 tonnes and sold 411 630 tonnes of anthracite in the year to 30 June 2010. Due to market conditions prevailing in the first half of FY 2010, commencement of extraction of coal from Area 1 was delayed, pending a visible sustainable increase in market demand. Mine development has commenced in Area 1 subsequent to 30 June
2010. At Veremo iron ore project a project team is in the process of completing a bankable feasibility study in support of the mining right application.
March 1, 2010 Petmin reported South African operational results for the six months ended December 31, 2009. At Veremo iron ore property it finalized a a core drilling and core sampling programme together with a trenching campaign as part of a final geological scoping study. This drilling program has delineated an updated measured resource of 44.3 million tonnes (previously 11.6 million tonnes) in the weathered zone of the ore body.
March 2, 2009 Reported that the required prospecting permit renewals were submitted in the period under review
and progress was made on the validation of all historical geological and metallurgical data.
To date, 90 holes have been drilled, equating to some 6 000 metres. The average depth per drill hole over all the holes drilled is 32 metres. In addition, 306 trenches and 15 deep pits have been excavated to expose the weathered portion of the resource and determine outcrop positions.(Aug/08)
