THE ROADHOUSE BOWSER: Quest Petroleum (ASX: QPN) has executed a binding Terms Sheet with Keyano Pimee Exploration Company Limited (KPECL) – a First Nations company – for a phased farm-in to develop acreage with verified oil shows located in the Cold Lake oil sands region of Alberta, Canada. KPECL is a company owned by the […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. Director Resignations BC Iron (ASX: BCI) announced that Mike Young, Malcolm McComas, and Peter Wilshaw have resigned as non-executive directors of the company. These resignations reduce the Board from eight to five, comprising the chairman, the managing director […]
GAVIN WENDT: Whilst the media is almost exclusively full of doom-and-gloom stories as far as commodities are currently concerned, the reality is somewhat different. For example, the recent pullback in the price of silver to four-and-a half-year lows has led to a surge in investor interest, with the United States Mint this week running out […]
THE WEEKLY WRAP: the market gave nobody anything to celebrate last Friday closing 10 points down to record its worth weekly performance for more than a year. As bad as that was, the week ended a lot worse for our PM, Tony Abbott with a report from the United Nations Environment Program listing Australia as […]
WHAT THE ANALYSTS SAY: Interesting news and views from across the Resource Analyst universe. Website: www.beerandco.com.au Company: Diatreme Resources (ASX: DRX) In March 2012, Diatreme announced the results of its Pre‐Feasibility Study on the Cyclone mineral sands deposit, with a pay‐back period of 2.1years. While DRX had announced, in August 2010, a MoU with the […]
THE FUND RAISER: There seems to be enough going on to suggest interest in the resources sector still exists. $600,000 Equity Raising Enterprise Metals (ASX: ENT) is targeting an equity raising of $400,000 through a planned private equity placement to its largest shareholder Sinotech Minerals and a number of sophisticated investors, plus an accompanying Share […]
THE ROADHOUSE PHARMACY: Brain Resource Limited (ASX: BRC) has reached an agreement with National Roads and Motorists’ Association Limited (NRMA) to offer the company’s MyBrainSolutions to NRMA members through its Living Well Navigator portal. “NRMA’s Living Well Navigator is an online resource and social community available to like-minded people who share common attitudes and interests,” […]
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 at Apollo Hill and Stockdale Peel Mining (ASX: PEX) is currently aircore drilling at Apollo Hill and a new prospect known as Stockdale. The Apollo Hill drilling […]
THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has completed the first hole of a maiden drill program underway at the company’s Red Hill prospect near Broken Hill in New South Wales. The company claims the hole has intersected a 30 metre wide zone containing high-grade nickel and copper in six separate zones. Impact described the […]
THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has completed a round of diamond drilling at the Millennium prospect, which has intersected zinc sulphide mineralisation in all four holes drilled. The Millennium prospect is located approximately 35 kilometres north east of the BM1-BM7 copper discoveries on the company’s Yeneena project in Western Australia. The company conducted […]
