THE DRILL SERGEANT: Mithril Resources (ASX: MTH) has commenced Fixed Loop Electromagnetic (FLEM) and Downhole Electromagnetic (DHEM) surveys at the Stark prospect, located 80 kilometres south east of Meekatharra in Western Australia. The company is conducting the studies to define its next round of drill targets. Results from the surveys are expected by mid-May 2015. […]
THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has claimed the discovery of a new gold zone at the company’s Matilda gold project in Western Australia. Recent drilling at Matilda – targeting extensions and potential new lode positions – intersected a new zone of shallow high-grade mineralisation to the south of the planned M4 pit cut-back […]
THE BOURSE WHISPERER: Regal Resources (ASX: RER) has signed a binding conditional Joint Venture Memorandum of Agreement (JVMOA) with 100 per cent-owned subsidiaries of Ivanhoe Mines (TSX: IVN). The JVMOA gives Regal the opportunity to acquire a 98 per cent interest in a package of tenements located near the western end of the Central African […]
THE BOURSE WHISPERER: Cassini Resources (ASX: CZI) announced the raising of $6.5 million via a placement of new shares to institutional and sophisticated investors. The company said the placement, led by Hartleys, had been supported by existing Cassini shareholders, as well as adding a number of new investors to the company’s register. The placement of […]
COMMODITY CAPERS: The Eyre Peninsula region of South Australia plays host to six graphite projects, all at various stages of development. Operating Mines Uley Graphite Mine – Valence Industries (ASX: VXL) Located 23 kilometres from Port Lincoln, the Uley mine was re-opened in November 2014 after ceasing production in 1993 and is currently the only […]
COMMODITY CAPERS: The South Australia Department of State Development (DoSD) has released a fairly bullish outlook on the potential of the state’s graphite sector. The DoSD’s fondness for graphite mining is being driven by, what it perceives to be, a global growth in demand for the commodity. It cites declarations by the US State Department, […]
THE DRILL SERGEANT: South Australia Mineral Resources and Energy Minister Tom Koutsantonis has announced 27 resource exploration projects, which are to share $2 million in grants as part of the State’s Plan for Accelerating Exploration (PACE) Discovery Drilling 2015. PACE is an initiative of the South Australian Government that co-funds selected drilling projects from exploration […]
THE DRILL SERGEANT: Oro Verde (ASX: OVL) has received results from a second phase of reconnaissance sampling undertaken at the company’s Topacio gold project in Nicaragua. Oro Verde said the sampling had returned further high-grade results, claiming to have enhanced the potential of the gold and silver mineralised vein system. Reconnaissance rock chip samples collected […]
THE BOURSE WHISPERER: IMX Resources (ASX: IXR) has reported the results of a high-level study into the feasibility of various development options for the company’s Chilalo graphite project in south-eastern Tanzania. The study was carried out by Perth-based processing engineering consultancy group BatteryLimits, which reached the conclusion that Chilalo possesses criteria to become a successful […]
THE DRILL SERGEANT: Regal Resources (ASX: RER) has completed a Scoping Study to assess the technical and economic feasibility of developing a HMS Stage1 – starter project at the company’s Kalongwe project, located in the Katanga Province of the Democratic Republic of Congo to produce a high-grade copper/cobalt concentrate. Source: Company announcement “The […]
