THE ROADHOUSE BOWSER: FAR Ltd (ASX: FAR) has completed a placement to institutional and sophisticated investors to raise $46.7 million. The raising comes via the issue of approximately 425 million shares at 11 cents each. The capital raising follows the company’s oil discovery in FAN-1, offshore Senegal with its partners Cairn Energy plc, ConocoPhillips and […]
THE ROADHOUSE PHARMACY: Admedus Limited (ASX: AHZ) has been granted a Medical Device Licence in Canada by Health Canada for the company’s CardioCel®. CardioCel is the Admedus Group’s lead regenerative tissue bio-implant and is used in repairing heart defects, including the repair of heart valves. Canada becomes the latest market approval for CardioCel, with the […]
THE DRILL SERGEANT: Rox Resources (ASX: RXL) has reported promising assay results from recent reverse circulation (RC) drilling undertaken at the Bonya copper project, located east of Alice Springs in the Northern Territory. According to Rox it has encountered a massive copper sulphide mineralised body in three drill holes at the Bonya Mine prospect from […]
THE DRILL SERGEANT: Elemental Minerals (ASX: ELM) has received results from its Phase 1B drilling program recently carried out in the Dougou-Yangala area (part of the company’s Sintoukola potash project) in the Republic of Congo (RoC). At the Yangala sylvinite prospect drilling of hole ED_03 returned Hangingwall Seam sylvinite of: 59.48 per cent potassium chloride […]
THE BOURSE WHISPERER: Tiger Resources (ASX: TGS) has completed the acquisition of the remaining 40 per cent shareholding in Société d’Exploitation de Kipoi SA (SEK). SEK is the owner of the Kipoi copper project in the Democratic Republic of Congo (DRC). The acquisition follows the drawdown of US$50 million against a finance facility the company […]
THE BOURSE WHISPERER: Talisman Mining (ASX: TLM) has reached a binding agreement with Xstrata Nickel Australasia Operations Pty Ltd, a subsidiary of Glencore, to acquire the Sinclair nickel project in Western Australia. Talisman will pay $8 million plus a deferred $2 million payment contingent upon a recommencement of mine production at Sinclair, which was placed […]
THE DRILL SERGEANT: Sovereign Metals (ASX: SVR) has reported the maiden JORC Mineral Resource estimate for the company’s Duwi project in Malawi. Sovereign Metals claimed the Resource has confirmed the project to be one of the largest, high-grade, flake graphite deposits in the world. The total Indicated and Inferred Mineral Resource estimate at Duwi has […]
THE FUND RAISER: Always good to see funds raised and then put to good use out in the field. Share Placement to raise $2 million Regal Resources (ASX: RER) has signed a commitment with an affiliate of Toronto-based Sprott Inc. to raise $2 million via a share placement at 5c per share with accompanying one […]
THE WEEKLY WRAP: The week kicked off with what the industry has been waiting for since the GFC – a good old-fashioned opportunistic take over. The danger of having an attractive project in these lean times was highlighted when Orbis Gold (ASX: OBS) received a conditional, non‐binding and indicative proposal from Canadian-based mining house SEMAFO […]
WHAT THE ANALYSTS SAY: Interesting news and views from across the Resource Analyst universe. Website: www.fostock.com.au Company: Red River Resources Ltd (RVR: ASX) We visited RVR’s Southern Region project 200 kilometres south west from Townsville. First we observed the Port of Townsville, which is Australia’s largest exporter of copper and zinc, and includes berths operated […]
