WHAT THE ANALYSTS SAY: Interesting news and views from across the Resource Analyst universe. Website: www.cpscapital.com.au Company: MRL Corporation Limited (ASX: MRF) MRF is making rapid progress towards achieving its strategy of producing high-value graphite from its Sri Lankan projects in the June Quarter of next year. This strategy is underpinned by its ownership of […]
ONE OFF THE WOOD: Gold Road Resources executive officer Ziggy Lubieniecki announced he will be retiring from his role with the company. He dropped into The Roadhouse to have a chat. Ziggy, it’s hard to believe you have pulled the pin? It’s not really pulling the pin, I’ll still be involved with Gold Road […]
THE ROADHOUSE BOWSER: FAR Ltd (ASX: FAR) and its Joint Venture partners have completed drilling operations on the SNE-1 well in Senegal with plans now underway to appraise the discovery. Far explained the well discovered oil in the upper Albian sandstone target, however no hydrocarbons were subsequently encountered in the deeper target of karstified and […]
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 Commence Axiom Mining (ASX: AVQ) has kicked off drilling at the Isabel nickel project in Solomon Islands. “This program will focus on areas suitable for early […]
THE DRILL SERGEANT: Resolute Mining (ASX: RSG) has encountered a series of high-grade gold intercepts from the initial holes of an extensive surface and underground diamond drilling program being undertaken at the company’s Bibiani gold project in Ghana. The recent surface and underground diamond drill program intersected high-grade gold mineralisation including: 30.9 metres at 13.32 […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. Managing Director Resigns Robert Mencel has resigned his position as managing director of IronClad Mining (IFE: ASX). Mencel was appointed in 2012 to develop the Wilcherry Hill iron ore project. “During his time at the helm the iron […]
THE BOURSE WHISPERER: Bulletin Resources (ASX: BNR) has assigned a 16 per cent interest in the Halls Creek Nicholson’s project in Western Australia to Pacific Niugini (ASX: PNR) upon completion of $1.2 million in expenditure on the project. The ownership of the project is now: Pacific Niugini 65 per cent, Bulletin 35 per cent. The […]
THE ROADHOUSE BOWSER: Raya Group (ASX: RYG) has announced the acquisition of oil and gas leases within an identified Area of Interest (AOI), in Oklahoma, USA, is currently underway. RYG indicated that through its US subsidiaries, it has entered into agreements over approximately 3,200 gross acres under what it described to be “commercially favourable terms” […]
THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has claimed a new copper discovery at the Scalper prospect in North West Queensland. The discovery came during a recently-completed nine-hole Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Overlander North, Kalman and Scalper prospects located near Mount Isa. The RC drilling program was designed […]
THE DRILL SERGEANT: MacPhersons Resources (ASX: MRP) has intersected silver-zinc-gold mineralisation outside the planned stoping designs while drilling at the company’s Nimbus project near Kalgoorlie. MacPhersons said the results could lead to an increase in resources and reserves for the project. MacPhersons completed the drilling in October and subsequently commenced resource modelling of the Boorara […]
