THE DRILL SERGEANT: The Yilgarn Esperance Solution (YES) consortium has been anointed by Western Australia Transport Minister Dean Nalder to design, build and operate the new Esperance Port Multi-User Iron Ore Export Facility (MUIOF). The expansion is set to double the port’s iron ore export capacity, taking it from around 11 million tonnes per annum […]
THE DRILL SERGEANT: Atlas Iron (ASX: AGO) has doubled the JORC Code-compliant resource estimate at the company’s Corunna Downs project in Western Australia. The resource currently stands at 51 million tonnes at 57.3 per cent iron, which the company said is on track to meet its exploration target of 100 to 150 million tonnes at […]
THE CONFERENCE CALLER: Next week the Australian mining sector will gather in Sydney for the eleventh annual RIU Sydney Resources Round-Up. The three day conference is being held at the Sofitel Sydney Wentworth Hotel and is set to provide the investment community with opportunities to meet the people behind some of Australia’s leading exploration and […]
THE ROADHOUSE PHARMACY: Admedus (ASX: AHZ) has received the first sales orders for the company’s CardioCel® product in the US market. The company said the initial US sales orders have come ahead of its expected mid-year timing. “This is an important milestone for the company as we look to grow our revenue over the coming […]
THE ROADHOUSE PHARMACY: Cellmid Limited (ASX: CDY) has completed humanisation, testing and selection of its lead anti-midkine (MK) antibody for the company’s planned ‘first in class’ clinical trials in oncology. The company said this was a major step in advancing towards clinical studies and keeps it on track with the development program outlined to the […]
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. RC drilling commenced on the Birsok bauxite project, Cameroon Canyon Resources (ASX: CAY) has commenced RC drilling on the company’s Birsok bauxite project in Cameroon. The drilling is […]
THE DRILL SERGEANT: Northern Star Resources (ASX: NST) has wasted little time broadcasting news from the company’s recently-acquired Kundana gold operations near Kalgoorlie. Recent drilling at Kundana’s Pegasus deposit has returned further high-grade intersections including: 9 metres at 37.8 grams per tonne gold (true width 6.8m); 5.3m at 26.3g/t gold (true width 3.7m); 2.5m at […]
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. Baotou considers Kimba Gap synergies with Bungalow Centrex Metals (ASX: CXM) has received a letter from its partner for the Bungalow Magnetite Joint Venture, Baotou Iron & Steel (Group) […]
THE BOURSE WHISPERER: In a recent report, resource industry observers Austex Mining indicated there is still some concerns for the market with a lack of cash being a hindrance to new exploration and project development. According to the report the overall cash position of the 836 resource companies currently listed on the Australian Securities Exchange […]
THE INSIDE STORY: Junior exploration play Cassini Resources (ASX: CZI) recently caused a minor tremor on the boards of the Australian Securities Exchange. The excitement followed the company’s announcement it had executed a Sale and Purchase Agreement to acquire 100 per cent of the West Musgrave project in Western Australia. While the acquisition of such […]
