Asian Activities Report for November 22, 2011: Courage Marine Group (HKG:1145) Acquires Second Supermax Vessel to Meet Rising Dry-Bulk Shipping Demand in Asia

Sydney, Nov 22, 2011 AEST (ABN Newswire) - Dry-bulk shipping company Courage Marine Group Limited (HKG:1145) has signed an agreement with Zhejiang Zengzhou Ship Building Co., Ltd for the purchase of a newly-built Supermax-sized vessel for US$26.6 million. This is the second new Supermax vessel acquired by the Group within a month, part of its strategic move to meet the growing demand in the raw materials transport business in Asia.

Blackwood Corporation (ASX:BWD) announces a JORC exploration target of 2.1-3.2 billion tonnes of thermal coal at South Pentland Project in Queensland, following the completion of Phase 1 and 2 exploration programs, which demonstrated potential for significant quantities of export quality thermal coal. Next Phase of project development is planned in the first quarter of 2012 with enlarged exploration efforts to explore a number of priority projects concurrently.

Invictus Gold Limited (ASX:IVG) announces the first results of the maiden drill programme at the Scartwater Prospect at its 100%-owned Drummond Basin Project in Central Queensland. Drilling indicates the presence of considerable gold mineralisation at depth. A further drill hole is in progress to test the mineralisation to a depth of about 150 metres below surface.

Yellow Hat Limited (TYO:9882) and Idemitsu Kosan Co., Ltd. (TYO:5019) are currently discussing the formation of an alliance in wholesale, retail sales, and development of automotive accessory, with the final agreement expected by the end of March 2012. Yellow Hat has launched new stores for the expansion of its wholesale operations within its core automotive accessory sales business. The alliance is expected to boost its wholesale operations as well as new store development.

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