THE BOURSE WHISPERER: Lithium Australia (ASX: LIT) announced its intentions to spin out a portfolio of prospective graphite ground it has accumulated in Western Australia. Lithium Australia indicated it intends to float the assets as part of an IPO, which it previously announced to the ASX in August 2016. “Two of Western Australia’s most experienced […]
THE DRILL SERGEANT: Southern Gold (ASX: SAU) announced an improved net profit outcome for the company’s Cannon gold mine, an open pit operation located 30 kilometres east of Kalgoorlie in Western Australia. The Cannon mine is being operated by Metals X (ASX: MLX) in a 50/50 profit share arrangement with Southern Gold. Southern Gold informed […]
THE DRILL SERGEANT: Pilbara Minerals (ASX: PLS) announced the completion of Phase 2 metallurgical testwork program on the company’s 100 per cent-owned Pilgangoora lithium-tantalum project in Western Australia. Pilbara Minerals said the program represented one of the final work streams for the Definitive Feasibility Study (DFS) being carried out on the project. The company said […]
THE DRILL SERGEANT: Crusader Resources (ASX: CAS) reported high‐grade results from recent drilling carried out on the Dona Maria prospect, part of the company’s e Juruena project in Central Brazil. Crusader encountered, what it described as, “a spectacular high‐grade gold intercept, from the latest hole, MD‐09, to be drilled at Dona Maria, which returned: 10 […]
THE BOURSE WHISPERER: Stonewall Resources (ASX: SWJ) announced a win handed down by an Arbitral Tribunal appointed under the rules of the Hong Kong International Arbitration Centre (HKIAC). Stonewall said the Tribunal determined in favour of the company’s claim for damages against Shandong Qixing Iron Tower Co., Ltd. The drawn-out claim against Shandong arose from […]
THE BOURSE WHISPERER: Orinoco Gold (ASX: OGX) has run the first batches of production material through the plant at the company’s 70 per cent-owned Cascavel gold mine in central Brazil with initial grade estimates indicating an average feed grade of 15 to 17 grams per tonne gold. Orinoco said it had introduced the first-ever batches […]
THE DRILL SERGEANT: Impact Minerals (ASX: IPT) declared and encounter with “exceptional silver grades” along with encouraging grades of associated gold at the emerging Silica Hill discovery within the company’s 100 per cent-owned Commonwealth project, located 100 kilometres north of Orange in New South Wales. Impact said the 48 metre thick zone of mineralisation from […]
THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) has completed a geophysical review at the company’s recently-acquired Sandstone gold project, which has identified additional targets. Middle Island claimed the geophysical modelling of the Two Mile Hill banded iron formation (BIF) target has identified the presence of two additional prospective BIF units, which have respectively been […]
THE INSIDE STORY: Perth-based Peel Mining (ASX: PEX) has widened its focus on the Cobar Superbasin located in New South Wales. Peel Mining has enjoyed a promising run of news from its two Cobar Superbasin projects in recent times with the discovery of the Wirlong copper deposit and the high-grade Mallee Bull copper-polymetallic deposit. There […]
THE INSIDE STORY: Blackham Resources (ASX: BLK) recently claimed the handle of Australia’s newest gold miner, however it is on track to very soon become the country’s newest gold producer. Blackham Resources has commenced mining operations at the company’s 100 per cent-owned Matilda gold project, located near Wiluna in Western Australia. The Matilda gold project […]
