THE DRILL SERGEANT: Adelaide Resources (ASX: ADN) has claimed to have identified a new epithermal gold target, named Bunyip, on the company’s Drummond tenements in Queensland. The Bunyip target was defined from on-ground prospecting, including rock chip sampling and FPXRF soil geochemistry. According to Adelaide Resources quartz veins at Bunyip display typical epithermal textures that […]
THE DRILL SERGEANT: Thundelarra (ASX: THX) has received analysis and interpretation of data from a detailed ground magnetic (GMAG) survey carried out at the company’s 90 per cent-owned Red Bore project. Thundelarra said the survey had refined the resolution of magnetic anomalies that had been previously defined as priority targets from an earlier aeromag survey […]
THE BOURSE WHISPERER: Neometals (ASX: NMT) Mineral Resources (ASX: MIN), via the latter’s wholly-owned subsidiary, Process Minerals International, announced the start of the construction phase of the Mt Marion lithium project following the Final Investment Decision. The companies announced that first production from Mt Marion is expected by mid-2016. The Mt Marion project is designed […]
COMMODITY CAPERS: Folklore and legend are two essential elements to any culture as they provide the positives of the past that those living in the present, and hopefully the future, can build their aspirations and dreams on. Slipping into the folkloric category is Western Australia-based Sirius Resources after its removal from the boards of the […]
WHAT THE ANALYSTS SAY: This week our team of experts run the ruler over Energia Minerals and Phoenix Copper. Website: www.beerandco.com.au Energia Minerals (ASX: EMX) Energia Minerals sold its Carley Bore uranium project to Paladin Resources (ASX: PDN) in June 2015 for 45 million PDN share plus $1.6 million cash. In June 2014, Energia announced […]
IN THE LOBBY: When it comes to politics an industry’s best friend is whoever is in charge. The announcement of a new Federal Ministry after a leadership spill, or even after an innocuous reshuffle, always provides some entertainment. Malcolm Turnbull has never really been highly placed on the Christmas card list of resource industry lobby groups, […]
THE DRILL SERGEANT: Pilbara Minerals (ASX: PLS) announced a major Resource upgrade of the company’s 100 per cent-owned Pilgangoora lithium-tantalum project, located in the Pilbara region of Western Australia. The company said the upgrade has resulted in the value of the project’s lithium content increasing nearly threefold. The project now stands with an Indicated and […]
THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) reported diamond drilling at the company’s Dalgaranga gold project in Western Australia has intersected visible gold. According to Gascoyne the intersection occurred in a quartz carbonate vein within a broad zone of highly altered, sheared and silicified package of porphyry and sedimentary rocks, which is the host package […]
THE BOURSE WHISPERER: Altech Chemicals (ASX: ATC) announced the signing of a sales and distribution agreement with the Australian subsidiary of Mitsubishi Corporation, Mitsubishi Australia. The deal covers Alltech’s proposed high purity alumina (HPA) product. Under the agreement Mitsubishi emerges as the exclusive seller and distributor of Altech’s final HPA product to the Japanese market. […]
THE DRILL SERGEANT: Coventry Resources (ASX: CYY) provided an update on continued drilling the company’s Caribou Dome copper project in Alaska, USA. Coventry completed an initial 1,000m drilling program in July 2015, after which it mobilised a second rig to the project in August to accelerate a 4,000m exploration drilling program. So far eleven additional […]
