THE BOURSE WHISPERER: Doray Minerals (ASX: DRM) has entered a strategic Farm-in Agreement with Iluka Resources (ASX: ILU). The agreement allows Doray to explore Iluka’s Central and Western Gawler Craton tenement portfolio in South Australia, which Doray says has been virtually unexplored for precious metals. Doray will have the right to earn up to 80 […]
THE ROADHOUSE PHARMACY: pSivida Corp. (ASX: PVA) announced the Irish Health Products Regulatory Authority (HPRA) has granted marketing authorisation to ILUVIEN® for the treatment of vision impairment associated with chronic diabetic macular edema (DME) considered insufficiently responsive to available therapies. The company said the Irish grant marks the 13th country in which ILUVIEN has been […]
THE ROADHOUSE PHARMACY: PharmAust Limited (ASX: PAA) has established a joint intellectual property (IP) position with a Japanese partner. PharmAust explained the partner company is the same, yet to be named, Japanese corporation it had signed a Materials Transfer Agreement (MTA) with in July 2013. According to PharmAust the joint IP allows it to access […]
THE ROADHOUSE BOWSER: Senex Energy (ASX: SXY) told the market that the company’s Hornet-1 gas well is in pre-commissioning ahead of first gas sales. Senex has completed a flow test of the Hornet-1 gas well, during which gas flowed to surface at a rate of more than two million cubic feet per day. The well […]
THE DRILL SERGEANT: Australian Mines (ASX: AUZ) claims to have detected a strong late-time bedrock conductor whilst carrying out an ongoing electromagnetic (EM) survey over the company’s Marymia project in Western Australia. The company said the newly identified conductive body lies directly beneath a thick layer of nickel oxide mineralisation it had previously intersected during […]
THE FUND RAISER: There seems to be enough going on to suggest interest in the resources sector still exists. $7 million JOGMEC Farm-in gets FIRB nod Peel Mining (ASX: PEX) announced the Memorandum of Agreement (MoA) executed by Japan Oil, Gas, and Metals National Corporation (JOGMEC) and Peel (CSP), a wholly-owned subsidiary of Peel, has […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. Director Retirement Potash West (ASX: PWN) announced George Sakalidis has notified the company of his intention not to stand for re-election as a non-executive director. Accordingly he will retire as of the company’s Annual General Meeting on 26 […]
THE WEEKLY WRAP: As the Abbott Government contemplated the latest outburst from Tasmania’s favourite Mistress of Meddling, Jacquie Lambie, over pay scales for soldiers, the Australian share market demonstrated its penchant for Friday afternoons by once again finishing the week in comfortable style. Surprisingly it was the resources sector leading the way despite iron ore […]
WHAT THE ANALYSTS SAY: Interesting news and views from across the Resource Analyst universe. Website: www.beerandco.com.au Company: Argent Minerals (ASX: ARD) Argent Minerals’ focus project is Kempfield, 50 kilometres from Bathurst in New South Wales, in the Lachlan Orogen. Its current Resource estimate, of 21.8 million tonnes at 47g/t silver includes 86,000 ounces of gold, […]
GUEST COMMENTATOR: Breakaway Research senior analyst Mark Gordon continues his explanation of how he compares resource companies. Exploration and Development Companies with Defined Resources The next case I will discuss is comparing companies with defined resources. Here I will look at two recent notes – Anova Metals, a pure gold play, and Avalon Minerals, a […]
