Magma Metals Ltd

Asian Activities Report for March 30, 2011 includes: DYESOL Limited (ASX:DYE) and Tata Steel (BOM:500470) will expand their joint photovoltaics development project in Britain; UGL Limited (ASX:UGL) has signed a property services agreement in the Kingdom of Saudi Arabia; Magma Metals Limited (ASX:MMW) updated on drilling operations at its Thunder Bay North platinum-palladium-copper-nickel project in Canada; Icon Energy Limited (ASX:ICN) signed a liquefied natural gas sales agreement in China.

Australian Market Report of September 3, 2010 includes; Dart Energy Limited (ASX:DTE) advanced plans to create a global coal bed methane company, Northern Uranium Limited (ASX:NTU) (PINK:NOURF) renounceable rights to raise approximately A$6.6 million, Further exploration drilling and geophysical surveys at Magma Metals Limited (ASX:MMW) (TSE:MMW) Thunder Bay North project and Castle Minerals Limited (ASX:CDT) infill soil geochemical sampling testing the Koda Hill target.

Carbon Energy Limited (ASX:CNX)(PINK:CNXAF) announced it has executed an Asset Sale Agreement with Crescent Gold Limited (ASX:CRE) (as announced previously on the 14 August 2009) pertaining to the sale of all of its gold interests in the Laverton area of Western Australia.

On 21 October Carbon Energy Limited (ASX:CNX)(PINK:CNXAF) completed the sale of its 6.1% shareholding in Magma Metals Limited (ASX:MMB) realising A$6.5 million in cash. The funds will be used to accelerate a number of commercialisation opportunities associated with the development of its Underground Coal Gasification (UCG) projects in Australia and internationally.

Carbon Energy Limited (ASX:CNX)(PINK:CNXAF) primary focus is to produce clean energy and chemicals feedstock from Underground Coal Gasification (UCG) and consequently is undertaking the divestment of its mineral assets. In addition to the sale of its gold assets, the Carbon Energy Board has decided to spin off its uranium interests into a separate listed entity, thereby realising the potential underlying value of these assets.

The Australian share market fell yesterday. The benchmark S&P/ASX200 index was down 87.4 points, or 1.75%, to 4980.1, while the broader All Ordinaries gave up 84.4 points, or 1.67%, to 5041.9. The resource stocks dropped again, with the commodity prices down.

An approximately 6,000m diamond drilling program is in progress at the Thunder Bay North PGM project in Ontario. The drilling is targeting extensions to Platinum - Palladium - Copper - Nickel mineralisation intersected in reconnaissance drilling within the 2.7km-long zone of peridotite intrusions between the northern part of Current Lake and Beaver Lake.

Magma Metals Ltd (ASX: MMB) - Significant Zone of Copper-Zinc - Dr Keith Watkins, MD; Boardroomradio is pleased to announce that Magma Metals Ltd (ASX: MMB) has published an audio file.

Magma Metals Limited (ASX: MMB) was formed in June 2005 to undertake exploration, discovery and development of nickel, platinum, palladium, copper and zinc mineral deposits in Australia and Canada.