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Xceed Resources on track to apply for mining right for Moabsvelden coal project

Xceed Resources (ASX: XCD) is making solid progress at its 74%-owned Moabsvelden coal project in South Africa since the company's listing on the ASX in April 2011, with a drilling program continuing...

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Xceed Resources on track for Bankable Feasibility Study with measured thermal...

Xceed Resources (ASX: XCD) has upgraded the resource at the Moabsvelden thermal coal project in South Africa from Indicated to Measured, placing the company in a good position to apply for a mining...

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Xceed Resources moves South African thermal coal project forward with Mining...

South African focused Xceed Resources (ASX: XCD) has provided an update on the company's activities, which includes the recent application for a Mining Right being lodged with the Department of Mineral...

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Xceed Resources: BBY places Speculative Buy recommendation, $0.32 price target

Broker BBY has commenced analyst coverage of Xceeed with a Speculative Buy recommendation and 12 month share price targe of $0.32. This is based on the 3 million tonne per annum MoabsveldenThermal Coal...

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Xceed Resources: A cash backed coal developer worth double says Old Park Lane

The $0.22 target price target and buy recommendation for the emerging coal explorer and developer Xceed Resources set by Old Park Lane Capital is more than double the last traded price of $0.10.

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Xceed Resources expands portfolio with highly prospective South African...

By acquiring a 70% interest in the Roodepoort and Bankfontein thermal coal projects in South Africa, Xceed now has a pipeline of potential coal exploration targets. Managing director Ian Culbert told...

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Xceed Resources delivers maiden thermal coal Reserve for Moabsvelden

Reaching a significant milestone for the Moabsvelden thermal coal project, Xceed Resources has established a maiden Reserve capable of supporting a plus 15 year, open cut mining operation, assuming an...

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Xceed Resources: Cash backed and developing coal production and cash flows...

Based on coal sector M&A transactions and current valuations of South African listed coal explorers, Xceed’s current valuation looks light. It is trading at close to cash backing, valuing its coal...

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Xceed Resources directors increase holdings following thermal coal Reserve

Xceed Resources (ASX: XCD) directors Ian Culbert and Stephen Belben have both increased their stakes in the company.Managing director Culbert has taken up 12.5 million shares in the company through...

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Xceed Resources begins diamond drilling in major South African coal producing...

Xceed Resources (ASX: XCD) has begun a diamond drilling program at the recently acquired Roodepoort thermal coal project, located in a major coal producing region in South Africa.  The project...

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Xceed Resources' substantial shareholder increases stake to 8.66%

Xceed Resources’ (ASX: XCD) substantial shareholder Maberley Holdings has increased its interest in the company to 8.66%.Maberley Holdings now has 10 million Xceed shares after converting 5 million...

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Xceed Resources: substantial shareholder moves to 7.52% share on back of...

Xceed Resources’ (ASX: XCD) substantial shareholder Dow Super and Dhow Nominees has increased its interest in the company to 7.52%.Dow Super and Dhow Nominees now has nearly 8.7 million Xceed shares...

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Xceed Resources kicks off drilling at Bankfontein in the highly prospective...

Xceed Resources (ASX: XCD) has begun drilling at the Bankfontein thermal coal project in South Africa, a project the company is working towards earning a 70% interest in. Drill rigs were mobilised to...

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Xceed Resources: developing thermal coal projects in South Africa, rated a...

Xceed Resources (ASX: XCD) has received a buy recommendation from a UK based broker, which has reiterated a target price of $0.22, which is well above the last traded price of $0.13.The following is an...

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Xceed Resources: Moabsvelden Bankable Feasibility Study delivers IRR of 60%

A Bankable Feasibility Study for the Moabsvelden Thermal Coal Project has proven the project’s economic viability with an IRR of 60% and NPV of A$92 million post tax. Importantly, Xceed has received...

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Xceed Resources on the road to first coal sales at Moabsvelden

Xceed Resources (ASX: XCD) is anticipating first deliveries from its Moabsvelden Thermal Coal Project in South Africa in the March quarter of 2013.Providing upside to the project, is that Xceed has...

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Xceed Resources valued at more than double by broker on the back of...

The completion of the Bankable Feasibility Study confirming the viability of the Moabsvelden Thermal Coal Project has earned Xceed Resources a price target of more than double its current share price...

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Xceed Resources: broker increases target price to A$0.25 on de risking of...

A broker has increased its price target on Xceed to A$0.25 and offered a buy recommendation as a result of Bankable Feasibility Study results that significantly de-risk the company’s Moabsvelden Coal...

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Xceed Resources: broker increases price target to double current share price

Xceed Resources (ASX: XCD) has received an increased price valuation of A$0.33, double its current share price, in a broker update following the release of its March quarter results. Speculative Buy...

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Xceed Resources gains key investments from Thebe Mining Resources

Thebe Mining Resources is a subsidiary of Thebe Investment Corporation a leading South African investment management company with R5.5 billion of assets under management.  The cornerstone investment...

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