THE FUND RAISER: Plenty of action this week on the junior exploration fund raising scene. Oversubscribed Placement Raises $4.5 million Rampart Energy (ASX: RTD) has raised approximately $4.5million (gross) through the placement of 90 million new shares to domestic and international institutions and sophisticated/professional investors. The Placement is priced at 5 cents per share, a […]
THE DRILL SERGEANT: Each week any number of junior exploration plays set out to begin exploration on their ground. Here’s a small selection of what’s been happening this week. Drilling to commence at Symons Hill Boadicea Resources (ASX: BOA) has received approval for the drilling program of work (POW) from the Department of Mines & […]
THE DRILL SERGEANT: Lamboo Resources (ASX: LMB) has received assay results from an initial 12-hole Phase 1 diamond drilling program completed late last year at the company’s Geumam graphite project in South Korea. Lamboo said the assay results have confirmed broad zones of flake graphite logged in drill holes at Area B as well as […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. Chief Executive Officer Appointment Otto Energy (ASX: OEL) has appointed Matthew Allen to the position of chief executive officer (CEO), following the mutually agreed resignation of Gregor McNab due to personal reasons. “The Board welcomes Matthew’s appointment as […]
THE BOURSE WHISPERER: They say that earning 50 per cent of a project is better than earning 50 per cent of no project. Nido increases Participating Interest to 15 per cent in the Baronang PSC Nido Petroleum (ASX: NDO) has, in accordance with the terms and conditions of the farm-in agreement with Lundin Baronang BV […]
THE BOURSE WHISPERER: Apollo Minerals (ASX: AON) has entered into a strategic alliance with High Power Exploration (HPX), a private company controlled by international mining bigwig Robert Friedland, to explore for base metals in an emerging IOCG frontier in the Northern Gawler Craton in South Australia. The strategic alliance involves a two tranche equity investment […]
THE INSIDE STORY: Brazil-focused gold exploration play Orinoco Gold (ASX: OGX) is poised to become a developer much quicker than it, or the market, anticipated. Taking the company into the development stage is a recent deal struck with Troy Resources (ASX: TRY) to acquire Mining Leases encompassing the Sertão gold mine in central Brazil. […]
THE DRILL SERGEANT: Flinders Mines (ASX: FMS) has entered into an Alliance Agreement with the Balla Balla Joint Venture formed between subsidiaries of Rutila Resources (ASX: RTA) and New Zealand-based company Todd Minerals. The upshot of the agreement is Flinders will secure access to the JV’s proposed port and rail infrastructure facilities for the company’s […]
THE DRILL SERGEANT: Triton Minerals (ASX: TON) has released the maiden Mineral Resource Estimate for the company’s Cobra Plains graphite deposit at the Balama North project in Mozambique. The Inferred Mineral Resource Estimate comprises 103 million tonnes at an average grade of 5.52 per cent graphitic carbon, containing 5.7 million tonnes of graphitic carbon. “This […]
THE DRILL SERGEANT: Northern Minerals (ASX: NTU) has increased the JORC-compliant, heavy rare earths (HRE) mineral resource estimate for the company’s Browns Range project in northern Australia. The total Mineral Resource at the Browns Range project is now estimated at 6.48 million tonnes at 0.74 per cent total rare earth oxides (TREO) comprising 47,997,000 kilograms […]
