THE FUND RAISER: Some renewed vigour provided a bit of spark to the Fund Raising front this week. Share Placement to raise $800,000 Spectrum Rare Earths (ASX: SPX) has received commitments to subscribe for 20 million shares at an issue price of 4 cents per share to raise $800,000. The company said the raising has […]
WHAT THE ANALYSTS SAY: Interesting news and views from across the Resource Analyst universe. Website: www.breakawayresearch.com Company: KBL Mining Limited (ASX: KBL) KBL Mining (ASX: KBL) is an Australian mineral production and development company largely focussing on the Mineral Hill Mine in western New South Wales. They are currently operating at around 250,000 to 300,000 […]
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. Eyre Peninsula drilling progressing Investigator Resources (ASX: IVR) has completed approximately half of a 13,000 metre reverse circulation percussion (RCP) drilling program on the company’s precious and base […]
THE DRILL SERGEANT: Rox Resources (ASX: RXL) has completed a maiden Mineral Resource estimate for the Musket nickel sulphide deposit, which has substantially increased the company’s Fisher East nickel sulphide project mineral resource inventory by over 100 per cent. The Musket mineral resource estimate comprises 2.1 million tonnes at 1.8 per cent nickel containing 37,500 […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. Key board and management appointments IMX Resources (ASX: IXR) will be making a number of changes to its board and senior management team, effective from the end of September 2014. The company said the changes are designed to […]
THE INSIDE STORY: Anybody suggesting a decline in mineral exploration activities by junior companies should be careful not to do so near the offices of Laconia Resources (ASX: LCR). Recent data from the Australian Bureau of Statistics has shown a decline in the exploration efforts of the junior sector. However the ABS also said, “The […]
THE ROADHOUSE PHARMACY: AtCor Medical (ASX: ACG), the developer and marketer of the SphygmoCor® system, has been awarded a competitive tender to provide SphygmoCor XCEL systems for a multi-centre trial in France. The SphygmoCor system measures central aortic blood pressures and arterial stiffness noninvasively. The study is being coordinated by the Universitaire (CHU) de Bordeaux. […]
THE ROADHOUSE BOWSER: Planet Gas (ASX: PGS) has commenced a two well drilling program within PEL 514 in the South Australian Cooper Basin. Subject to final approvals, the program includes the drilling of two wells Hathi-1 and Bagheera East-1 back to back, with Hathi-1 scheduled for spudding on or about 9 September 2014. The Hathi-1 […]
THE BOURSE WHISPERER: Poseidon Nickel (ASX: POS) has agreed to acquire the Lake Johnston nickel project from Norilsk Nickel, hot on the heels of the deal the two parties struck earlier this year over the Black Swan nickel project. Lake Johnston includes the Maggie Hays underground mine and a 1.5 million tonne per annum concentrator […]
THE DRILL SERGEANT: Flinders Mines (ASX: FMS) has encountered new high-grade and near surface bedded iron (BID) mineralisation at the company’s wholly-owned Pilbara iron ore project (PIOP) in the Pilbara region of Western Australia. Infill and near resource extensional drilling was carried out at the PIOP’s Blackjack deposit and assays have been received for a […]
