THE FUND RAISER: A quiet week on the fund raising front, but still interesting to see what’s happening. AusQuest secures further funding AusQuest Limited (ASX: AQD) has secured funding of up to $750,000 from its major shareholder, Christopher Ellis, by executing a Loan and Convertible Note Agreement. The additional funds, together with existing cash reserves, […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Website: beerandco.com.au Company: PLD Corporation (PLD.ASX) PLD Corporation is focused in the Fraser Range district in the south of Western Australia. It has an option to purchase a tenement package of 1,200 square kilometres, the fifth largest in the Albany-Fraser Belt. […]
A somewhat bleak period for commodities (if you only focus on the short-term) GAVIN WENDT: It’s been a generally grim past few weeks for commodities. The Bloomberg Commodity Index declined to its lowest since July 2009, with Brent crude at its lowest level since 2012, gold slumping to a seven-month low, copper hitting a 3-month […]
THE ROADHOUSE BOWSER: Jacka Resources (ASX: JKA) announced its wholly-owned subsidiary (PR Oil & Gas Nigeria Limited), together with its Joint Venture partners, have taken a final investment decision to develop the Aje Cenomanian oil reservoir in the OML 113 licence (Jacka 5.0006% revenue interest), offshore Nigeria. The Aje Field Development Plan (FDP) was submitted […]
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. Drill testing commences at Ongombo deposit Namibian Copper (ASX: NCO) has commenced a drilling program at the company’s Ongombo copper-silver project in central Namibia. The drilling program is […]
THE DRILL SERGEANT: White Cliff Minerals (ASX: WCN) has received results from the first two reverse circulation drill holes completed at the Lower Gold Zone (LGZ) area of the Aucu deposit, located near the company’s Chanach copper-gold deposit in the Kyrgyz Republic. White Cliff claims the drilling has identified extensive high-grade mineralisation within multiple shear […]
THE BOURSE WHISPERER: Western Areas (ASX: WSA) has executed Farm-in and Joint Venture Agreements with Gunson Resources (ASX: GUN) and Monax Mining (ASX: MOX). The Agreements provide for Western Areas to acquire up to a 90 per cent interest in a number of tenements within the Western Gawler region of South Australia. The total area […]
THE INSIDE STORY: While a lot of juniors have put the drill bit on the shelf, Perth-based Impact Minerals (ASX: IPT) has maintained the exploration rage on the company’s diverse exploration projects. A recent Explorer Quarterly Cash Update report from accounting and advisory firm BDO identified one in 10 ASX-listed exploration companies did not carry […]
THE ROADHOUSE BOWSER: Galilee Energy (ASX: GLL) announced it is expecting drilling of the first well of its shallow oil program in Illinois to spud this week. The well, Hanner 1 is located in Logan County and will be drilled to an estimated total depth (TD) of 2,990 feet. The company said the drilling’s primary […]
THE ROADHOUSE BOWSER: Australian Oil Company Limited (ASX: AOC) has signed a Heads of Agreement with Northern Gulf Petroleum (NGP) to drill the Alvares and Dempsey prospects in the Sacramento Basin of California. NGP will fund the drilling of both wells and earn a 50 per cent interest in each prospect from a Joint Venture […]
