NEW YORK, April 25, 2007 (PRIME NEWSWIRE) -- Wall Street Reporter Magazine has just published exclusive interviews with executives from Wedgetail Mining Ltd. (ASX:WTE), Dejour Enterprises Ltd. (OTCBB:DJEEF) (TSX-V:DJE) and Minera Andes Inc. (TSX-V:MAI) (OTCBB:MNEAF), covering developments at their companies, high metal prices, and the exciting role they are all playing to provide fresh sources of supply to feed the global commodity boom.
From the gold sector, Terry Stark, Managing Director of Wedgetail Mining Ltd. (ASX:WTE), updates the investment community on his progress toward bringing modern mining technology to Western Australia's historically important (but recently neglected) Nullagine gold field, which his company has for the first time consolidated into a single 100%-owned 686 square-kilometer project.
"The Nullagine gold field has been the subject of historical small-scale gold production, but due to a previously fragmented land holding position, has lacked the application of suitable levels of funding and modern exploration techniques," he tells Wall Street Reporter senior analyst Todd Santorelli. "The land holding gives us control of one of the few undeveloped gold fields in Western Australia, where we have a substantial, increasing resource and reserve base."
Mr. Stark provided particularly detailed discussions of the following topics:
-- Plans to produce 70,000 ounces of gold per year over an initial five-year period at a margin of approximately AUS$350 an ounce.
-- Wedgetail's recent purchase of a SAG mill, processing equipment, and other long-lead items ahead of the construction of a million-ton processing facility on site.
-- The unusual impact that "the large level of project activity occurring within Western Australia" has had on the environmental approval process.
-- How the prospect of "robust" cash flow within the next few years will play into the company's aggressive program of exploring the Nullagine field and potentially elsewhere.
"The market seems somewhat frustrated with the company recently because of the delay we've had in announcing construction," Mr. Stark says. "This has occurred due to the very long time period in achieving the necessary environmental approvals in today's increasingly onerous regulatory regime and also to the large level of project activity occurring through Western Australia."
From the uranium sector, Robert L. Hodgkinson, Chairman and CEO of Dejour Enterprises Ltd. (OTCBB:DJEEF) (TSX-V:DJE), tells Santorelli about his company's recent sale of a million acres of exploration land in Canada's legendary Athabasca Basin to Titan Uranium Inc. (TSX-V:TUE) for about CDN$50 million in stock and another CDN $5 million to CDN$7 million in carried interest. The deal makes Dejour the major shareholder in Titan, with a 37% stake in the company.
"The uranium market speaks for itself," Mr. Hodgkinson says, noting that when his company got involved in the Athabasca play three years ago, uranium was trading at CDN$18 a pound. "It's been a one-way street, and it looks like it's going to continue."
And in silver, Allen Ambrose, President and CEO of Minera Andes Ltd. (TSX-V:MAI) (OTCBB:MNEAF) tells us that his company should be producing 3.1 million ounces of silver, as well as 61,000 ounces of gold, per year once its San Jose mine in southern Argentina starts up in mid-2007. "It's one of the emerging silver/gold regions within Argentina," Mr. Ambrose tells Santorelli, noting that one of the world's largest silver producers, Hochschild Mining Plc (LSE:HOC), has endorsed the San Jose project by coming in as operating partner. "At current metals prices, the internal rate of return is over 70%."
All three interviews are now available at HYPERLINK "http://wallstreetreporter.com" http://wallstreetreporter.com in streaming audio, MP3, and text format -- all free of charge.
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About Wedgetail Mining Ltd.
Wedgetail Mining Limited (ASX:WTE) is a minerals exploration and development company with a gold project based in Western Australia. Wedgetail is focused on developing a gold operation at its Nullagine Project, in the east Pilbara region of Western Australia. In 2002, Wedgetail amalgamated its tenement holdings in the Nullagine Goldfield, and now has a dominant position covering 686 km(2). The company holds mining leases and exploration/prospecting licenses covering circa 150 km of strike of the prospective Middle Creek Shear Zone. Current resource inventory @ a 1g/t Au cutoff grade is 860,000 ounces, of which 590,000 ounces are measured and indicated. The company recently completed a feasibility study on a 1 million-ton-per-year gold mine with an initial life of 5 years. Since completion of the feasibility study, recent exploration success has discovered high-grade near-surface oxide material that will significantly improve the cash flow and extend the mine life.
About DeJour Enterprises Ltd.
Dejour Enterprises Ltd. (OTCBB:DJEEF) (TSX-V:DJE) is a micro-cap Canadian company focused on oil & gas exploration with a significant investment in uranium discovery. The company acquires high-impact energy assets and strategically monetizes them through partnerships and co-ventures to limit exposure and enhance returns. Dejour has significant holdings in three of the world's premiere energy resource regions. This includes 288,000 gross (60,000 net) acres in the Piceance-Uinta Basin, the largest natural gas resource in North America, and major interest in Titan Uranium Inc. (TSX-V:TUE), with 1.44 million acres in the Athabasca and Thelon Basins, the world's most recognized areas for uranium exploration.
About Minera Andes Inc.
Minera Andes (TSX-V:MAI) (OTCBB:MNEAF) and its operating partner estimate that the co-owned San Jose high-grade silver/gold project in southern Argentina will enter production in early 2007. On an annualized basis, initial production is estimated to be 60,000 ounces of gold and 3.1 million ounces of silver per year. When production and cash flow begin, Minera Andes will mark the completion of the first cycle of its business plan: build asset value for Minera Andes by deriving income from Argentine metal mines with potential to produce more than 1 million gold-equivalent ounces.