THE BOURSE WHISPERER: Citigold Corporation (ASX: CTO) has reached an agreement with Kingsford Investment Groups (KIG) for the investment of $72 million into a joint venture (JV) to develop the company’s Charters Towers gold field in Queensland. Citigold will manage the project on behalf of the JV. In its announcement to the ASX, Citigold said […]
THE BOURSE WHISPERER: Sheffield Resources (ASX: SFX) has been granted preferred proponent status for a bulk commodity handling area at the Derby wharf. The grant follows a recent expression of interest process carried out by the Shire of Derby/West Kimberley Council. As a result, Sheffield will have an exclusive six month period, to negotiate lease […]
THE BOURSE WHISPERER: Sirius Resources (ASX: SIR) has inked an agreement with BHP Billiton (ASX: BHP) Nickel West. The deal will result in Sirius supplying approximately half of the planned nickel sulphide concentrate production from the company’s Nova nickel mine for a period of three years from commencement of production. Production of concentrate is expected […]
THE CONFERENCE CALLER: The fifth annual presentation of the Craig Oliver Award took place at this year’s RIU Explorers Conference in Fremantle. The 2015 winner of the Award was Doray Minerals Limited (ASX: DRM). Alan Kelly receives the Award from Lachlan Jones and Shanelle Oliver For industry-watchers the win was no real big […]
The 2015 RIU Explorer Conference, held at the Esplanade Hotel in Fremantle, Western Australia, provided the ideal launching pad for an optimistic year ahead for the junior resources mining/exploration sector. Three things were obvious: the number of delegates present showed there is still, if not renewed, interest in the sector; investors do want to engage […]
THE CONFERENCE CALLER: There is probably no great surprise that the two worst performing sectors for 2014 were Energy and Resources. However, the stark reality has not really been demonstrated to the masses in such brutal terms as a slide presented during his opening address to the 2015 RIU Explorers Conference in Fremantle. Obviously […]
WHAT THE ANALYSTS SAY: Interesting news and views from across the Resource Analyst universe. Website: www.beerandco.com.au Company: Energia Minerals (PLS.EMX) In June 2014, EMX announced it had purchased Mining Leases at Gorno, to facilitate its development. Gorno has an Exploration Target of 6 million tonnes to 10 million tonnes at 7 per cent to 10 […]
THE DRILL SERGEANT: Each week any number of junior exploration plays set out to drill their ground. Here’s a small selection of what’s been happening this week. Drilling to start at Fisher East Rox Resources (ASX: RXL) is preparing a number of new work programs for the company’s Fisher East nickel project in Western Australia. […]
THE DRILL SERGEANT: MacPhersons Resources (ASX: MRP) has increased the Boorara deposit at the company’s Nimbus-Boorara silver-gold-zinc project near Kalgoorlie by 47 per cent, taking it to 10.8 million tonnes at one gram per tonne gold for 340,000 ounces of gold. MacPhersons said the expanded JORC Mineral Resource, calculated by independent consultants, CSA Global, has […]
THE BOURSE WHISPERER: Northern Star resources (ASX: NST) has trumped Metals X (ASX: MLX) to win the backing of the Board of Tanami Gold (ASX: TAM) for the acquisition of Tanami’s Central Tanami project (CTP). Earlier this month Tanami had struck a binding conditional joint venture heads of agreement with Metals X in regards to […]
