THE BOURSE WHISPERER: Phoenix Gold (ASX: PXG) has raised approximately $7.8 million having issued 60 million fully paid ordinary shares in the company at an issue price of 13 cents per Share to institutional investors. Phoenix explained the placement has positioned it to commence it staged development plan for the company’s Castle Hill project in […]
THE DRILL SERGEANT: MGT Resources (ASX: MGS) has received results from Phase Four of the company’s 2013 Summer Hills drilling program. The Phase Four drilling was conducted at the Dalcouth prospect, comprising 63 RC percussion drill holes and eight RC extensions to existing Phase Three holes, which had indicated three main zones of mineralisation at […]
THE DRILL SERGEANT: Midas Resources (ASX: MDS) has had a Mineral Resource Estimate calculated for the company’s 100 per cent-owned Overlander North deposit. The JORC Code-compliant (2012) Resource comprises 482,000 tonnes at 1.3 per cent copper in the Inferred category at 0.5 per cent copper cut-off grade. Overlander North March 2014 Mineral Resource Estimate […]
THE DRILL SERGEANT: Tawana Resources (ASX: TAW) has released an estimated Mineral Resource for the company’s 100 per cent-owned Mofe Creek iron ore project located in Grand Cape Mount County, Republic of Liberia, West Africa. The company has calculated a maiden Mineral Resource of 61.9 million tonnes with an in-situ iron grade of 33 per […]
THE ROADHOUSE PHARMACY: Nanosonics Limited (ASX: NAN) has entered into a strategic partnership with Miele Professional for the distribution of trophon®EPR in Germany. Miele Professional is a world leading authority and provider of medical disinfection and sterilisation equipment and specialises in the development of washer-disinfectors for hospitals and surgeries. “This strategic partnership brings together two […]
IN THE LOBBY: On the eve of the APPEA conference in Perth next week The Minerals Council of Australia and The Australian Petroleum Production & Exploration Association released a joint statement on the Federal Government’s Red tape ‘Repeal Day’. The groups banded together as Australia’s resources sector to welcome the Federal Government’s efforts to curb […]
THE CONFERENCE CALLER: Mining, so the experts say, is a cyclical industry with the current cycle not pedalling along at quite the same clip as when the boom was in full swing. Although it has, to my knowledge, never been proved scientifically, it seems that when you place a large number of people from the […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. www.breakawayresearch.com Auroch Minerals (ASX: AOU) Auroch Minerals’ (ASX: AOU) Manica gold project hosts a significant JORC Resource of 48.9 million tonnes at 1.79 grams per tonne gold for 2.82 million ounces. The company now has put in place a clear three […]
THE FUND RAISER: There’s been some happy explorers boosting their coffers this week. $2.1 million to accelerate El Roble Mining Group (ASX: MNE) has received commitments to raise up to approximately $2.1 million by way of a placement of up to 75 million fully paid ordinary shares at an issue price of 2.8 cents per […]
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. Patrys completes successful clinical trial Patrys Limited (ASX: PAB) has received final results from a Phase I/IIa, open-label study of PAT-SM6 in patients with refractory […]
