Australian Market Report of October 5, 2010 includes: Syngas Limited (ASX:SYS) has signed a Memorandum of Understanding with China National Electric Equipment Corporation in relation the Clinton Coal to Liquid Project in South Australia; Kimberley Metals Limited (ASX:KBL) reports high grade silver and lead drilling results from Sorby Hills Silver-Lead Project in Western Australia; Southern Cross Goldfields Limited (ASX:SXG) intersects near-surface haematite and magnetite mineralisation in Western Australia; Palace Resources Limited (ASX:PXR) is to acquire a 75% stake in three highly prospective Indonesian coal projects.
Rex Minerals Limited (ASX:RXM) and Syngas Limited (ASX:SYS) have reached an agreement allowing for exploration, within specified areas, on their respective exploration licences situated on the Yorke Peninsula in South Australia.
