KBL Mining has produced, smelted and sold the first 497 ounces of gold dore from its Mineral Hill mine in New South Wales.
The pour was less than the company expected, and as a result, it is reviewing its practices to improve results.
Moreton Resources has created a subsidiary, MRV Metals, which will focus on zinc, lead, copper and silver opportunities.
The subsidiary is in talks to secure assets.
Moreton will continue to focus on its Queensland coal assets.
Mongolia-focused Xanadu Mines has reached agreement with Turquoise Hill Resources to lower the balance of the cost of the Kharmagtai copper-gold project acquisition by more than $US1 million.
The balance due to Turquoise Hill was $3.84 million, payable by July, but the parties have renegotiated and the revised balance of $2.8 million is now due by the end of March.
Xanadu has the funds to complete the payment following a recent $A8.3 million raising.
AIM-listed Metal Tiger has paid $350,000 for a 4.9% stake in its new partner MOD Resources.
MOD now has $760,000 cash to be used for drilling in Botswana.
The company has appointed PCF Capital to divest all or part of its 80%-owned Sams Creek gold project in New Zealand.
Finally, Consolidated Zinc has released high-grade drilling results from its Plomosas project in Mexico.
The best results were 1.1m at 18.35% zinc, 12.03% lead and 74.4 grams per tonne silver; and 1.1m at 28.9% zinc, 2.33% lead and 12.2gpt silver.
Underground drilling has resumed after the holiday break.
