Cape Lambert Resources Limited

Cape Lambert Resources Ltd (ASX:CFE) is back on the hunt for investment and acquisition opportunities following the recently announced settlement with the Australian Tax Office.

Equatorial Resources Limited (ASX:EQX) is delighted to announce that 3D and 2D modelling of the detailed high resolution aeromagnetic data collected over the Company's 100% owned Mayoko-Moussondji Iron Project ("the Project") completed by independent consultants Resource Potentials Pty Ltd has estimated a global exploration target of between 2.3 and 3.9 billion tonnes1 of iron mineralisation.

Australian Market Report of November 17, 2010 includes: Lachlan Star Limited (ASX:LSA) has acquired an operating gold mine in Chile; Azimuth Resources Limited (ASX:AZH) reported high grade gold intersection in Guyana; Arc Exploration Limited (ASX:ARX) discovered new emerging gold targets in Indonesia; Corvette Resources (ASX:CVX) moves on massive land holding in Côte d'Ivoire.

Australian Market Report of November 12, 2010 includes: Minotaur Exploration Limited (ASX:MEP) reports maiden JORC gold resource of 70,500 ounces at the Golden Mountain project in VIC; Southern Cross Goldfields Limited (ASX:SXG) reports further drilling results from Johnston Range Iron Ore Targets; Bailey Mineral NL (ASX:BAA) is to acquire Colombian platinum assets; Cape Lambert Resources Limited (ASX:CFE) continues to advance its 100% owned Marampa Iron Ore Project in Sierra Leone.

Australian Market Report of September 14, 2010 includes; Sundance Resources (ASX:SDL) and China Harbour Engineering Company have entered into a Memorandum of Understanding (MOU), New Hope Corporation Limited (ASX:NHC) has agreed to acquire an initial 25% equity interest in a 25 year, exclusive worldwide, licensed technology. Nucoal Resources (ASX:NCR) (PINK:NCKLF) today announced a project update on the Doyles Creek Project and Cape Lambert Resources Limited (ASX:CFE) is pleased to announce assay results from eight (8) of the first nine (9) diamond drill holes from the Mayoko Iron Ore Project.

The Australian market retreated yesterday, giving up most of the gains from previous trading session, while China signaled that the government there would not be a significant rise in the Chinese yuan in a short run. At the close, The benchmark S&P/ASX200 index ended 54.3 points, or 1.2 per cent lower, to 4558.3, while the broader All Ordinaries index was down 51.4 points, or 1.1 per cent, at 4581.3.

The Australian share market today started with a modest drop at opening while the US and UK markets closed overnight for public holidays. The local market could be driven by the economic data due out today, particularly the Reserve Bank of Australia's decision on official interest rates.

Takeover target DMC Mining Limited (ASX:DMM) on Monday received a sweetened offer from Cape Lambert Resources Limited (ASX:CFE) at the same level as the bid by China's Meijin Energy Group.

Australian shares extended their losses today as the debt issues in Euro zone continued to perplex the global stock markets. The Australian stocks joined the slump in Asian region this morning with a 1.4 per cent fall in S&P/ASX200 index at opening. Japan's Nikkei 225 shed more than 3 per cent in early trade, after the market closed for public holiday for three days.

Banking shares continued to push the US market higher overnight, despite resources and industrial sectors were hurt by worries that China may tighten its policy to cool the overheating economy after the country's latest inflation data. Consumer price index for February in China rose a faster-than-expected 2.7% in February from a year earlier. Thursday Asian markets closed mixed. Several major markets dropped after Chinese economic data. Japan's Nikkei index was up 1 per cent and Hong Kong's Hang Seng Index inched up 0.1%. Taiwan's Taiex lost 0.4 per cent and South Korea's Kospi shed 0.3 per cent. China's Shanghai Composited gave up most of its early gains and closed with a 0.1 per cent gain.