THE ROADHOUSE BOWSER: 3D Oil (ASX: TDO) announced Beach Energy (ASX: BPT) has agreed to increase its funding of the expanded Flanagan 3D seismic survey in the T/49P permit in the offshore Otway Basin. The Flanagan survey is now programmed to record 974 square kilometres of full-fold data, as opposed to the original 755sqkm permit […]
THE ROADHOUSE PHARMACY: Admedus Limited (ASX: AHZ) is to advance its Human Papilloma Virus (HPV) therapeutic vaccine into a Phase Ib study program having made satisfactory progress in preclinical studies. The HPV Vaccine is designed to target and clear HPV-positive tumour cells. Admedus said the vaccine has shown exceptional preclinical activity in a series of […]
THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) claims to have confirmed potential for high‐grade Direct Ship Ore (DSO) mineralisation at the company’s new Candonga West DSO iron ore project in south‐east Brazil. The claims come after the completion of a ground magnetic survey, which Centaurus said had verified the location of a number of targets […]
THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has received the final results from a recent drill program, which targeted the Nebo deposit, part of the company’s 100 per cent-owned West Musgrave project in Western Australia. The final batch of drill holes at Nebo encountered a number of high-grade intercepts, including: CZC0009 9 metres at 2.60 […]
THE BOURSE WHISPERER: A1 Consolidated Gold (ASX: AYC) and Octagonal Resources (ASX: ORS) have entered into a binding Heads of Agreement under which A1 Gold will purchase the Maldon gold operation from Octagonal. According to the companies’ joint release to the ASX the deal will result in the creation of a substantial junior Australian gold […]
THE DRILL SERGEANT: Orion Gold (ASX: ORN) has been encouraged by the receipt of promising initial results from the first lines of a geophysical survey being undertaken at the Aurora Flats prospect, located within the company’s 100 per cent-owned Connors Arc epithermal project in Central Queensland. The first two lines of the high resolution IP/resistivity […]
THE DRILL SERGEANT: Hot Chili (ASX: HCH) has received results from a second round of drilling recently undertaken at the Alice discovery at the company’s Productora copper project. Hot Chili claims the results have highlighted the potential for a substantial increase in Mineral Resources and Ore Reserves for the project. The company said the latest […]
THE DRILL SERGEANT: RMG Limited (ASX: RMG) has received assay results from the first three diamond drill holes undertaken on the San José open pit at the company’s Tuina copper project in northern Chile. Results include: TD001 42 metres at 2.1 per cent copper from 17m; TD002 83m at 1 per cent copper from 31m; […]
THE WEEKLY WRAP: Last Friday the market once again woke up on the wrong side of bed, raising concerns for a fifth straight loss in a row. If the BPF Group of Morgan Stanley were worried they weren’t showing, revealing in its take on the preceding days’ activities by saying, “the move has been relatively […]
THE FUND RAISER: There seems to be enough going on to suggest interest in the resources sector still exists. Next tranche of financing received Cradle Resources (ASX: CXX) announced Tremont Investments has exercised its right to acquire a further 12.5 per cent of the Panda Hill niobium project for a further US$5 million ($5.75m) investment […]
