THE FUND RAISER: Always good to see funds raised and then put to good use out in the field. Finance to Fund Mankarga 5 Feasibility Study West African Resources (ASX: WAF) has signed a Committed Term Sheet with the Metals & Energy Capital Division of Macquarie Bank Limited to provide a two-year US$5 million convertible […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. Board and Management Change Hazelwood Resources (ASX: HAZ) has appointed Mark Warren to the position of executive chairman. The Board of Hazelwood will now comprise: Mark Warren – executive chairman; Frank Ashe – independent non-executive director; Pat Burke […]
THE WEEKLY WRAP: Everybody hit the pub early last week as the bourse closed in positive territory once again ending the market’s best week since February. The scene was set for a jolly Friday with good news from both Europe in the form of the release of better-than-expected euro-area manufacturing and consumer confidence data and […]
THE CONFERENCE CALLER: ROADHOUSE EXCLUSIVE While at Mining 2014, The Roadhouse was able to ambush Orbis Gold managing director Peter Spiers after he gave his presentation. Spiers didn’t offer much lip service to the SEMAFO offer during his talk and wasn’t what you would describe as being overly keen on discussing it afterwards, except to […]
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 Big Red in the Fraser Range Rumble Resources (ASX: RTR) has scheduled the maiden drilling program for the company’s Big Red project in the Fraser Range. Drilling […]
THE DRILL SERGEANT: Magnis Resources (ASX: MNS) has received assays from recent drilling carried out at the company’s Nachu graphite project in Tanzania. Magnis has drilled some 139 holes since commencing its 2014 drill program commenced in July, from which it has received 11,133 graphitic carbon assay results representing over 70 per cent of total […]
THE BOURSE WHISPERER: Australian Bauxite (ASX: ABX) has concluded a 28 day public disclosure period for its Bald Hill Development Proposal and Environmental Management Plan (DPEMP) in Tasmania. During this period, members of the public were able to review the DPEMP and one formal response was received, which ABX was pleased to point out was […]
THE CONFERENCE CALLER: The Queensland Explorer and Miner of the year awards were presented during the opening session of the Mining 2014 Conference in Brisbane. A packed auditorium watched on as Minister for Natural Resources and Mining Andrew Cripps handed out the framed certificates. The Explorer of the year nominees were Hammer Metals, Minotaur Exploration […]
THE CONFERENCE CALLER: The Resources Roadhouse caught up the busiest man in the Australian resources sector, Doray Minerals (ASX: DRM) managing director Allan Kelly at the Mining 2014 Conference in Brisbane. Kelly had just finished his presentation to the conference, during which he outlined the company’s rational behind the proposed merger with fellow Western Australia-focused […]
THE DRILL SERGEANT: Mincor Resources (ASX: MCR) has encountered a series of nickel intersections at the Burnett Resource, which is the northern extension of the company’s Miitel nickel mine at Kambalda in Western Australia. The company believes the results could lead to an upgrade to the existing Mineral Resource at Burnett and trigger development of […]
