THE BOURSE WHISPERER: Australian Potash (ASX: APC) has completed a bookbuild for a placement to institutional, sophisticated and professional investors to raise up to $3 million. Australian Potash said the raising attracted an oversubscribed placement of 30 million fully paid ordinary shares (New Shares) at an issue price of 10 cents. The company announced a […]
CONFERENCE CALLER: The Diggers and Dealers Mining Forum Awards were presented at the closing night gala dinner. DIGGER OF THE YEAR This year’s Digger of the Year award went to St Barbara Mines (ASX: SBM). Diggers and Dealers said the award this year did not recognise the largest producer or the most aggressive corporate developer, […]
THE CONFERENCE CALLER: The market greeted Day Three presenters at Diggers and Dealers in a good mood with only a few companies with their toes in negative territory. Strangely enough it was the local gold plays of Gold Road Resources (ASX: GOR), Kin Mining (ASX: KIN) and Metals X (ASX: MLX) who woke up a […]
THE BOURSE WHISPERER: Metallica Minerals (ASX: MLM) has executed binding agreements with a private company to provide a $2 million standby credit facility. Metallica Metals explained the selection of the private Queensland-based group with interests in property development and resources, follows a competitive tender process the company announced in March. The private company is a […]
THE DRILL SERGEANT: Metals X (ASX: MLX) reported the outcome of the first step-out drill hole undertaken one kilometre down plunge of the current Nifty orebody at the company’s 100 per cent-owned operation in Western Australia. Metals X claimed the drilling intercepted multiple mineralisation zones over 30 metres. The company explained that the first hole […]
THE DRILL SERGEANT: Rumble Resources (ASX: RTR) has commenced a helicopter-borne electromagnetic geophysical (VTEM) survey at the company’s Braeside zinc – lead project, located east of Marble Bar in the East Pilbara region of Western Australia. Rumble Resources said the VTEM survey is stage 2 of the first modern systematic exploration program to be conducted […]
CONFERENCE CALLER: Presenting companies on Day Two of Diggers and Dealers started encouragingly, but faded towards the end of the session. The second morning of the conference is traditionally low key with delegates suffering from a lack of sleep compared to their freshness on Day One. Most of the companies presenting earlier in the day […]
THE DRILL SERGEANT: Dacian Gold (ASX: DCN) announced that all six of the first‐ ever reconnaissance diamond drill holes to be completed at the Cameron Well prospect have intersected bedrock gold mineralisation. Dacian Gold said the drilling at Cameron Well, located within the company’s 100 per cent‐owned Mt Morgans gold project in Western Australia, included […]
THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) has commenced reverse circulation (RC) drilling at the company’s wholly-owned high-grade Break of Day gold deposit on the Cue project in the Murchison region of Western Australia. Musgrave Minerals said the planned RC drilling program will consist of 12 drill holes for a total of 2,500 metres armed […]
THE BOURSE WHISPERER: Red River Resources (ASX: RVR) has finalised offtake agreements for zinc and lead concentrates to be produced from the company’s Thalanga zinc project, located in Northern Queensland. Red River said the agreement had been struck between its wholly-owned subsidiary Cromarty Resources and Trafigura Pte Ltd. The Offtake agreements are fixed tonnage contracts, […]
