Nickel explorer ENK is to build its Acoje project in the Philippines over two stages to focus on the higher grade ore first.

According to Ocean Equities analyst Christopher Welch, Belvedere Resources is undervalued based on either its nickel mining or its gold exploration operations

The company said Mambare in Papua New Guinea has the potential to be one the world’s largest single nickel laterite deposits. "This resource estimate of 95 million tonnes is three times the size of our initial target for this campaign," according to project manager Ian Warden.

The Junior Lake resource needs to grow by 20-30 per cent to be viable. Today's positve drill results at B4-7 sets up a new resource estimate later this year, which will in turn trigger a pre-feasibility study for the project.

Latest drilling at its Osikonmaki gold project in Finland produced a great result for Belvedere Resources and partner REBgold, according to broker Ocean Equities.

Toledo Mining's chief executive Victor Kolesnikov set out his blueprint for the miner in a 20-page presentation delivered towards the end of last year. However, it was summed up at the bottom of the first page, which revealed this was a company with a “new vision, new strategy (and) new potential”.

African Eagle Resources' appointment of two new directors ends a busy week of activity as it moves its Dutwa nickel project nearer to bankable status. It has also hired two specialist companies for vital roles in the preparation of a bankable feasibility study for the Tanzanian project, due at the end of this year.

An extension to an off-take deal provides the firm with protection from any further downside to the nickel price, according to Ocean Equities. The broker says the deal means that the Hitura mine can be expanded without the fear of financial instability.

While the share price remains unmoved today, analysts at Seymour Pierce believe the IFC’s US$ 5 million investment affirms the viability of the Dutwa nickel project.

ENK's sale of the Caldag mine will enable it to focus solely on getting its Acoje project in the Philippines up and running, managing director Rob Gregory told Proactive Investors.

Canadian minerals explorer Landore is getting closer to establishing a commercial nickel-copper mine at Junior Lake, chief executive Richard Prickett told Proactive Investors.

ENK should be in a good position when it comes to negotiating project finance options for the Acoje nickel project, according to analysts at Evolution Securities. The comments come as the firm received the outstanding US$34 million from the sale of the Caldag project.

The news that IFC, a specialist investment body that focuses on frontier and emerging markets, is to take a 10-per cent stake in African Eagle has been welcomed in the City

Evolution Securities, ENK’s house broker, hailed the achievement and reiterated its ‘buy’ rating for the shares as well as its 50 pence price target

African Eagle Resources continues to move forward and has set itself up for the next stage in its lifecycle, according to analyst Matthew McDonald, at broker Seymour Pierce, who rates the stock a "buy" with a price target of 20 pence.

ENK has made rapid progress on Acoje since Caldag was put on care and maintenance last year. Now with a £25 million cash injection it can complete the bankable feasibility study, which is on-track for mid-2012, without asking shareholders for more money.

At the moment the group’s main focus is an ongoing exploration programme that will increase confidence, and ultimately the size, of the Kun Manie resource. Young also points out that the approval of the mining licence will be another future catalyst for the group’s shares.

Evolution Securities reckons it is time to take a fresh look at European Nickel following the impairment of its troubled Caldag project in Turkey and argues its shares are undervalued.

The news that Toledo Mining’s Berong nickel mine is to be re-opened with ramp-up to full production in the middle of next month made the stock the top riser on the London Stock Exchange this morning. Ambrian Capital called Toledo one of the cheapest metals explorers on AIM, stating its is almost certainly worth more than the current share price suggests.

The shares have more than doubled in value since the group unveiled plans to spin out its Zambian copper division. Here we take a closer look at African Eagle and consider the value triggers that could send the stock soaring even higher.

The junior nickel company has banked a US$2.84 million refund from its shelved project in Turkey and the funds are expected to help it progress its new focus, the Acoje nickel laterite project in the Philippines. Evolution’s Louise Collinge reckons ENK is making progress on a number of fronts and the analyst's 55 pence target price sees a recovery for the shares. Meanwhile Fairfax Securities' John Meyer thinks that Acoje's upcoming heap leach trial will be the key to ENK's sucess.

Up until now most of African Eagle’s focus and valuation has quite rightly been centred on the impressive Dutwa nickel project. But it is clear that its wider portfolio has much more potential and this new Zambian strategy may present an interesting proposition for investors. The new spin-out company’s most advanced project should start producing later this year, and it has two other priority projects to drill in the high profile Zambian copper-belt.

First and foremost African Eagle is firmly focused on the Dutwa nickel project in Tanzania but recent reports in the Zambian press caused quite a stir. This afternoon, we caught up with managing director Mark Parker who dismissed reports that the AIM-listed mining firm would be splashing out between US$40 and US$50 million into the Mkushi copper project this year. Parker did confirm that it is preparing to step up work on the Zambian copper assets ahead of an eventual spin-out and IPO later this year.

The junior mine developer took almost half the project's inferred resource up into the indicated category. With this giant leap forward analysts are expecting big things as they look ahead to further upgrades and the completion of the pre-feasibility study later this year.

Kicking off what is expected to be a busy period of activity, African Eagle Resources this morning unveiled a material upgrade to the economics for the Dutwa nickel project in Tanzania. It is one of a series of landmarks and announcements that will come thick and fast in the next 12-18 months as Dutwa moves from pre-feasibility phase of development to a full-blown bankable feasibility study.

European Nickel has taken charge of its own destiny in moving its focus from the Caldag project in Turkey to its Acoje asset in the Philippines, according to Louise Collinge, mining analyst at Evolution Securities.

Deputy chairman Simon Purkiss tells us why the company decided to put its Caldag project on care and maintenance to focus on its development in the Philippines. 

Here our correspondent Wendy Durham looks at Landore Resources and discovers there is far more more to the Lamaune/Junior Lake property in Ontario than meets the eye.

African Eagle is making rapid progress at the Dutwa project in Tanzania. This morning's update takes contained nickel to 917,000 tonnes, and work on the feasibility study is ahead of schedule.