Fortbridge Media ReleaseHodges Resources [ASX: HDG] - Quarterly Report June 2011Hodges Resources (ASX: HDG) reports on the quarter ended 30 June 2011.
Highlights:
* $8 million capital raised in April and May 2011.
* Hodges executed two definitive acquisition agreements on the Morupule South and Moiyabana Coal Projects in Botswana.
* Increase in the Moiyabana Coal Exploration Target estimate to between 1,400Mt and 1,650Mt.
* 4 drill rigs on site as resource definition drilling commences at Moiyabana Coal Project.
* Initial drilling reveals significant intercepts of coal at shallow depths.
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