THE BOURSE WHISPERER: As they say in the classics; it’s better to have 50 per cent of a project than 100 per cent of no project. Binding Heads agreement signed Catalyst Metals (ASX: CYL) has signed a binding Heads of Agreement with Navarre Minerals (ASX: NML) to enable Catalyst to earn a 51 per cent […]
THE BOURSE WHISPERER: PLD Corporation (ASX: PLD) has lodged an Exploration Licence Application (ELA70/4622) with the Western Australia Department of Minerals and Energy to be owned 100 per cent by the company. The EL is consider by the company to be prospective for magmatic nickel sulphide and copper sulphide deposits. Albany Fraser nickel, copper […]
THE BOURSE WHISPERER: Bauxite Resources (ASX: BAU) is proposing a capital return of four cents per share, following a funding requirements review of the company’s wholly-owned projects and projects with joint venture arrangements. The company said the review determined it has sufficient funds to support its projects and JV arrangements in the near term. As […]
THE INSIDE STORY: Rox Resources (ASX: RXL) has timed its run nicely to discover the nickel project all other junior nickel explorers are chasing. The nickel market has emerged from a five-year hiatus with LME nickel futures recording a 15 percent gain in April, the biggest monthly gain since September 2012. Most analysts credit the […]
THE DRILL SERGEANT: GBM Resources (ASX: GBZ) has commenced drilling on the first of a number of targets to be tested during the company’s current field season at the Bronzewing Bore IOCG prospect of the Bungalien project near Cloncurry in Queensland. The targets are part of tenements subject to a Farm-in Joint Venture with Japanese […]
THE DRILL SERGEANT: MOD Resources (ASX: MOD) has carried out a review of previous drilling conducted at the company’s 100 per cent-owned Corner K deposit in Botswana, which it says has identified two long zones over 500 metres of high grade copper sulphide and silver mineralisation at shallow depth. The company explained the high grade […]
THE DRILL SERGEANT: Kibaran Resources (ASX: KNL) has completed a round of resource drilling at the company’s wholly-owned Mahenge graphite project in Tanzania. The drilling consisted of 37 holes for 2,215 metres at the Epanko deposit, all of which intersected graphite mineralisation in the Western Zone. Kibaran said the campaign has doubled the strike […]
THE FUND RAISER: Some interesting raisings and grants this week as the juniors boosted their bank balances. Grant received for Nowa Nowa iron project Eastern Iron (ASX: EFE) has received $300,000 as a grant from the Victorian Government, through Regional Development Victoria. The grant represents the Government’s contribution towards studies undertaken during the Nowa Nowa […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Barclay Wells Website: www.barclaywells.com Potash West (ASX: PWN) Potash West’s 100 per cent-held Dandaragan Trough asset contains both rock phosphate and potash within glauconite. Despite the long term goal of the company to progress its potash projects (as evidenced by the […]
GAVIN WENDT: I’ve been amongst the biggest sceptics of the mania surrounding the graphite business over recent years, along with many of the penny-dreadful share market opportunities claiming to offer investors the opportunity for enormous riches. The European Commission has included graphite amongst 14 materials that it considered high in both economic importance and supply […]
