Entries by Wally Graham

Zamia Metals scores healthy molybdenum hits.

Australian exploration company Zamia Metals has announced some encouraging RC drilling results from the northern zone of its Anthony molybdenum discovery in central Queensland. The latest drilling program came on the back of an announcement by the company in February of an increase in the Inferred Resource in primary (sulphide) molybdenum mineralisation to 173 million […]

RIU Sydney Resources Round-up

The eighth annual RIU Sydney Resources Round-up kicks off at in the salubrious surroundings of the Sofitel Sydney Wentworth this week with the three day conference promising to provide investors with the opportunity to meet the people behind some of Australia’s leading exploration and mid-tier mining companies. The Resources Roadhouse has driven the company ute […]

Wolf Minerals provides market with tungsten update

Australian specialist minerals exploration and development company Wolf Minerals released some interesting information to the market. The company released an update on the tungsten market, which highlights a strong outlook for future price and demand and, unsurprisingly paints a rosy picture for its flagship project. Wolf’s core project is the Hemerdon Tungsten and Tin project […]

Quarterly figures reflect WA’s push to improve approvals system

The use of new technology has been identified by the Western Australian state government as a major contributor to the significant turnaround in approvals for the first quarter of 2011. The WA government has been eager to improve its mining approvals processes to meet the growth of applications, especially those in the on-line category. On-line […]

Crusader Resources extends Borborema gold project.

Drilling at Crusader Resources’ 100% owned Borborema gold project in Brazil has extended gold mineralisation to 3,350 metres along strike and at depth. Crusader has completed 22,000m of a planned 25,000m program and has said it is now confident it will be able to significantly expand the current Indicated and Inferred Mineral Resource estimate of […]

IPO Watching

A game that is always popular at the Resources Roadhouse is one we call, “IPO Watching”. The rules are simple enough. As each Initial Public Offering listing hits the boards we make a hypothetical purchase of 10,000 shares at their issue price, add it to the Resources Roadhouse watchlist and sit back to see how […]

ASX conditionally approves GGG Resources listing

 AIM-listed Western Australian-focused resources company GGG Resources has received formal conditional approval to be admitted to the Official List of the ASX. GGG closed its Australian share offering on 2 May 2011 having accepted applications for just over 20 million shares at an issue price of 40 cents, raising $8.03 million. The company is currently […]

Karoon Gas eyes semi-submersible drill rig for Brazilian program.

ASX-Listed Karoon Gas, operator of five blocks in the Brazilian Santos Basin has signed a letter of intent to contract with Dolphin Drilling, for the “Blackford Dolphin” semi-submersible drilling rig. The final drilling agreements are subject to final negotiations, which Karoon expects to be completed by the end of June. The letter of intent covers […]

To BUY or not to BUY?

A recent communiqué to hit the Roadhouse telex machine informed us that Shaw Stockbroking had reduced its recommendation for Exco Resources from BUY to ACCUMULATE. What does that mean? There was some consternation amongst Roadhouse staff at this particular recommendation as we weren’t entirely certain how it would be possible to accumulate any particular stock […]

No Logie but plenty of Gold

Gold is never far from our centre of attention these days and neither are the companies that are, or are about to be, producing it. Subiaco-based Crescent Gold recently came in from a 21 day ore processing campaign through Barrick’s 3.8 million tonne per annum Granny Smith gold processing mill. The ore is being mined […]