THE DRILL SERGEANT: Northern Minerals (ASX: NTU) has completed pilot scale testing of its hydrometallurgical processing plant for the company’s Browns Range project. According to the company the pilot testing successfully recovered high-value dysprosium from its simple flowsheet design, which Northern Minerals claims has reinforced Browns Range as one of the world’s most exciting new […]
THE BOURSE WHISPERER: Ramelius Resources (ASX: RMS) has extended its gold operations in Western Australia with the acquisition of the Kathleen Valley gold project. Ramelius has signed a Sale and Purchase Agreement with Xstrata Nickel Australasia Operations (XNAO), a subsidiary of Glencore, and with Giralia Resources. The company will acquire 100 per cent of the […]
IN THE LOBBY: The latest figures from the Australian Bureau of Statistics (ABS) for Mineral and Petroleum Exploration Australia – March quarter 2014 show a consistent decline in expenditure on mineral exploration. Pouncing on the figures, Association of Mining and Exploration Companies (AMEC) CEO Simon Bennison said the steady decrease in exploration of recent years […]
IN THE LOBBY: The Chamber of Minerals and Energy of Western Australia (CME) has welcomed reports the Australian Labor Party is re-examining its support for the Minerals Resource Rent Tax (MRRT). In a release, CME chief executive Reg Howard-Smith said he was pleased that some within the Federal Opposition are taking a step back to […]
THE ROADHOUSE PHARMACY: There’s a great deal of interest in the Bio-tech sector at the moment, so we have opened our own Pharmacy to keep our readers up to speed. First SphygmoCor sales in China AtCor Medical (ASX: ACG), the developer and marketer of the SphygmoCor® system which measures central aortic blood pressures and arterial […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Website: www.hartleys.com.au AUSDRILL LIMITED (ASX: ASL) AUMS downgrade, but other businesses are okay Ausdrill has downgraded FY14 normalised NPAT guidance to $25 million to $30 million from previous normalised NPAT guidance of $35 million. The downgrade is due to underperformance of […]
THE FUND RAISER: Some interesting raisings and investments this week as the juniors boosted their bank balances. 1 for 8 non-renounceable entitlement issue Deep Yellow (ASX: DYL) announced it will be offering eligible shareholders the opportunity to acquire additional fully paid shares in the company through a 1:8 non-renounceable entitlement issue at 1.65 cents per […]
THE DRILL SERGEANT: Iron Ore Holdings (ASX: IOH) has completed a Feasibility Study for the company’s Buckland project in Western Australia. Buckland project location. Source: Company announcement Based on the FS results, IOH has declared the project business case to be technically viable and commercially attractive. The Buckland project comprises a new mine, […]
THE ROADHOUSE PHARMACY: Alchemia Limited (ASX: ACL) announced it expects to report the top-line results from a Phase III trial of HA-Irinotecan in metastatic colorectal cancer (mCRC) before the end of the third quarter of CY 2014. “Based on the number of events accumulated to date and the progress the team is making on preparing […]
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. Browns Reef drilling commences Kidman Resources (ASX: KDR) is poised to commence drilling at the Browns Reef prospect located in the Cobar basin of NSW. “Since the Browns […]
