THE BOURSE WHISPERER: Doray Minerals (ASX: DRM) announced the first gold pour and commencement of concentrate production at the company’s Deflector gold project in Western Australia. The announcement comes approximately 14 months after Doray completed its takeover of Mutiny Gold in March 2015. The company said construction of a new, purpose-built 480,000 tonnes per annum […]
THE BOURSE WHISPERER: Breaker Resources (ASX: BRB) has sold its Mt Gill and Kurrajong project tenements to Gold Road Resources (ASX: GOR) and its South Yamarna joint venture partner Sumitomo Metal Mining Oceania Pty Ltd. The total consideration for the transaction is $50,000 cash with Breaker receiving a further one million in the event of […]
THE BOURSE WHISPERER: Carpentaria Exploration (ASX: CAP) has signed a non-binding letter of intent (LOI) with independent commodities trading house Gunvor Singapore for the purchase of one million tonnes per annum (mtpa) of Supergrade from the company’s 62 per cent-owned Hawsons iron project. Carpentaria explained the new LOI targets supply to smaller Chinese steel mills. […]
THE BOURSE WHISPERER: Galaxy Resources (ASX: GXY) and General Mining Corporation (ASX: GMM) have entered into a definitive Takeover Bid Implementation Agreement to merge the two companies. Under the agreement Galaxy will acquire all of the issued shares of General Mining that it does not already own in a share based transaction by way of […]
THE BOURSE WHISPERER: Kin Mining (ASX: KIN) has completed an over-subscribed share placement to raise $1.68 million. Under the Placement, the company will issue a total of 12 million new shares to sophisticated and professional investors at a price of 14 cents each. The raising follows the company’s recent strategy of promoting growth and development […]
WHAT THE ANALYSTS SAY: Breakaway Research has released coverage on TNG Limited and Orinoco Gold. Website: www.breakawayresearch.com Company: TNG Limited (ASX: TNG) TNG has continued to progress the key Mount Peake vanadium-titanium-iron project with the signing of a number of additional agreements relating to offtake, financing, development and permitting. These build on previous agreements. Of […]
THE INSIDE STORY: S2 Resources (ASX: S2R) emerged from the merger of Sirius Resources and Independence Group (ASX: IGO) in October 2015. In the ensuing six months S2 Resources has made substantial headway in establishing its credentials as a serious exploration play. With around $17.8 million in the bank, the company’s exploration ambitions are well-funded, […]
THE DRILL SERGEANT: Impact Minerals has commenced a drill program at the company’s 100 per cent-owned Commonwealth project, located 95 kilometres north of Orange in New South Wales. The program will comprise reverse circulation (RC) and diamond drilling and is to test a number of targets Impact has identified at four prospects: the Commonwealth deposit, […]
THE BOURSE WHISPERER: Lithium Australia (ASX: LIT) announced it has earned a 25 per cent stake of the Electra joint Venture in Mexico with TSX-listed Alix Resources (TSX: AIX). Lithium Australia indicated work was ongoing at the Electra project to explore and develop projected extensions of the Sonora lithium clay deposit at the project. In […]
THE DRILL SERGEANT: Mithril Resources (ASX: MTH) announced its exploration partner at the Duffy Well gold project, Doray Minerals (ASX: DRM), is to carry out a high-resolution aeromagnetic survey to better define two existing gold targets ahead of a program of RAB / aircore drilling, planned for the September 2016 Quarter. Duffy Well (EL51/1649) is […]
