THE ROADHOUSE BOWSER: Talon Petroleum (ASX: TPD) achieved an Initial Production test of 986 barrels of oil equivalent per day (boepd) from the company’s Quintanilla OL 1H well, part of the Mosman Rockingham (MR) Olmos sand horizontal oil play located in McMullen County, South Texas. The well was connected to well test equipment for flow […]
THE DRILL SERGEANT: Metallum (ASX: MNE) has completed follow-up sampling at the San Sebastian exploration tunnel, part of the company’s El Roble copper project in Chile. Metallum claims the recent work has returned high-grade copper and gold results including: 0.55 metres at 35 per cent copper and 4.29 grams per tonne gold; 0.5m at 18.55 […]
THE DRILL SERGEANT: Cradle Resources (ASX: CXX) has received assay results from the latest drilling carried out at the company’s Panda Hill niobium project in Tanzania. The drilling consisted two diamond and 11 RC holes of the Phase 1 drill program at Panda Hill. Cradle said its first stage of drilling activities is now complete, […]
THE ROADHOUSE BOWSER: Horizon Oil (ASX: HZN) informed the market the drilling of the second of a two exploration well program in the Beibu Gulf Block 22/12 has been completed. The WZ 12-10-2 well is located is located in 36 metres of water 1.6 kilometres east northeast of the existing WZ 12-8W platform and about […]
THE DRILL SERGEANT: Parmelia Resources (ASX: PML) is preparing a deep-penetrating moving-loop electromagnetic (MLEM) survey to be conducted over the Southern and Northern high-priority nickel-sulphide exploration targets at the Dunnsville nickel prospect. The Dunnsville prospect is located within the company’s Jaurdi Hills project, 50 kilometres north-west of Coolgardie in Western Australia. The company has engaged […]
THE DRILL SERGEANT: Minotaur Exploration’s (ASX: MEP) Eloise copper Joint Venture partners have committed to a $6 million accelerated exploration program through to June 2015. The program is to include new ground geophysics and deep drilling at the Artemis copper-gold-zinc prospect 50 kilometres southeast of Cloncurry in Queensland. The Eloise copper Joint Venture tenements […]
THE BOURSE WHISPERER: Orbis Gold (ASX: OBS) has received a conditional, non‐binding and indicative proposal from Canadian-based mining house SEMAFO Inc. to acquire 100 per cent of Orbis’ issued ordinary shares. SEMAFO is offering cash consideration of between 62 cents to 65 cents per share – not a bad premium for the current 42 cents, […]
THE BOURSE WHISPERER: Australian Bauxite (ASX: ABX), through its wholly-owned subsidiary company ABx4 Pty Ltd, has signed a binding term sheet with Noble Resources International. The deal grants Noble the exclusive global marketing rights in respect to ABX’s Tasmanian project, which includes the company’s first bauxite mine at Bald Hill, in consideration for Noble agreeing […]
THE BOURSE WHISPERER: Poseidon Nickel (ASX: POS) has completed a capital raising with commitments received for a placement of Fully Paid Ordinary Shares to raise $30 million. The placement is for just over 166.6 million shares at 18 cents per share to strategic, professional and sophisticated investors. According to Poseidon the purpose of the Placement […]
THE BOURSE WHISPERER: Potash West (ASX: PWN) finalised a successful capital raising of $2.9 million. The raising, which was conducted through Lead Manager, Helmsec Global Capital, was initially looking to $2.5 million but was oversubscribed with firm commitments from a number of institutional investors. Proceeds of the placement will be directed to ongoing project development […]
