THE BOURSE WHISPERER: Parkway Minerals (ASX: PWN) heralded its arrival into the Western Australian salt lake sector with the establishment of the Lake Barlee potash/lithium brine project, located northwest of Kalgoorlie. Parkway Minerals has secured 10 exploration licenses covering 1,834 square kilometres of Lake Barlee, approximately 200km north of the township of Southern Cross in […]
COMMODITY CAPERS: Some may consider it this to be an extremely tenuous connection, but the recent lithium bubble possesses a startlingly similarity to the whaling industry of old. A prized find when opening up a whale in the olden days would be the discovery of ambergris, a solid, waxy, substance produced in the digestive system […]
THE INSIDE STORY: Peel Mining has continued to deliver consistent drill results from the company’s Wagga Tank and Cobar Superbasin projects, both located near Cobar in New South Wales. The company is rapidly advancing the Wagga Tank and Cobar Superbasin projects while it draws up plans to update the current Mineral Resources at its flagship […]
THE INSIDE STORY: Gold Road Resources is proving that although time is, by nature, an abstract concept, it is also a valuable commodity and the more you have on your side the better. Gold Road Resources (ASX: GOR) struck the 50:50 Gruyere Joint Venture (GJV) deal in 2016 with an Australian arm of international gold […]
TH EINSIDE STORY: Impact Minerals (ASX: IPT) closed 2016 with a cliff-hanging conclusion to a drilling program on the Silica Hill gold-silver discovery within the company’s 100 per cent-owned Commonwealth gold-silver-base metal project. The Commonwealth project comprises three 100 per cent-owned exploration licences covering about 315 square kilometres of the highly-prospective Lachlan Fold Belt north […]
IPO WATCH: The Roadhouse has been a bit slow catching up on all the new resources companies to have listed over the holiday break. ARDEA RESOURCES (ASX: ARL) Ardea Resources (ASX: ARL) is a spinout from Heron Resources (ASX: >>>) to work up that company’s portfolio of non‐Woodlawn exploration and development tenements. The stock has […]
THE BOURSE WHISPERER: Gascoyne Resources (ASX: GCY) completed a bookbuild to raise up to $50 million at an issue price of 50 cents per fully paid share. Gascoyne Resources said the Placement was heavily oversubscribed by a number of leading domestic and international institutional and professional investors. The company, in addition to the Placement, announced […]
COMMODITY CAPERS: When Georg Brandt discovered cobalt back in 1735, he probably had very little idea of the importance of his find to the global population three centuries later. Although Brandt was credited with the discovery of cobalt, it seems the Egyptians knew about it well before batteries were on the agenda, using it to […]
THE BOURSE WHISPERER: Rox Resources (ASX: RXL) has received an up-front payment of $15.8 million having completed the sale of the company’s interest in the Reward zinc-lead project to Teck Australia Pty Ltd. Rox Resources explained the up-front purchase price to be comprised of: $7,850,000 in cash, being $8 million less the $150,000 deposit already […]
THE BOURSE WHISPERER: Marindi Metals (ASX: MZN) has exercised an option to earn up to 70 per cent in the Gem pegmatite lease at the Forrestania lithium project in Western Australia. Marindi Metals has paid the vendors $50,000 in cash and a further $100,000 in shares. The option allows Marindi to earn a 51 per […]
