THE FUND RAISER: The junior explorers continue to attract plenty of financial backing. Placement of Shares Xstate Resources (ASX: XST) has placed 20 million fully paid ordinary shares at 5 cents each to raise $1 million in working capital. The funds have been earmarked to fund the company’s exploration activities and for working capital requirements. […]
THE CONFERENCE CALLER: Australian gold miner Northern Star Resources was awarded the fourth annual Craig Oliver Award at the RIU Explorers Conference in Fremantle. Northern Star, represented by managing director Bill Beamant, is the fourth winner of the award, which was announced by Craig Oliver’s daughter, Hannah. Accepting the award Beament said it was a […]
THE CONFERENCE CALLER: Like many of the junior exploration companies in attendance at the RIU Explorers Conference, Patersons Securities senior resources analyst Simon Tonkin had a lot of ground to cover. Of interest was his take on the performance of the different commodities over the past 12 months. First up was gold, the commodity […]
THE DRILL SERGEANT: West African Resources (ASX: WAF) has entered into an agreement to acquire a second-hand 1.6 million tonnes per annum heap leach plant for the company’s Boulsa project, in Burkina Faso. The plant is currently located nearby in Ghana, within trucking distance of some 850 kilometres from the Boulsa project. According to West […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. Managing Director appointed for BFS completion Ferrum Crescent (ASX: FCR) has appointed Tom Revy as CEO and managing director. Bob Hair will move to the position of executive director from managing director. Revy’s appointment comes as the company […]
THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has been busy at the company’s Mulga Tank project north east of Kalgoorlie in Western Australia. The company has identified twelve new priority target areas for nickel-copper and copper-gold deposits in previous soil geochemistry data covering a part of the Mulga Tank project. Impact identified the new targets […]
THE DRILL SERGEANT: Apollo Minerals (ASX: AON) has identified a number of preliminary iron-oxide-copper-gold (IOCG) drill targets at the Bundi prospect, located within the company’s Titan base-precious metals project, in South Australia. An independent review of Apollo’s targeted exploration at the Bundi prospect was recently undertaken by geophysicist Chris Anderson, who was instrumental in the […]
THE DRILL SERGEANT: Northern Star Resources (ASX: NST) has continued its good run with the drill bit having received drilling results from the Titan discovery. Northern Star said the results have demonstrated Titan to be emerging as a healthy addition to the company’s Paulsens gold mine adding the recent intersections have demonstrated both the high-grade […]
THE DRILL SERGEANT: Pilbara Minerals (ASX: PLS) has finalised a Feasibility Study on the company’s Tabba Tabba tantalum project, located near Port Hedland in Western Australia. According to the company the Study has demonstrated Tabba Tabba to be a robust project with low capital and mining costs. The company said the completion of the […]
THE BOURSE WHISPERER: Orinoco Gold (ASX: OGX) is to acquire Mining Leases encompassing Troy Resources former highly successful Sertão gold mine in central Brazil. Orinoco has struck a deal with Troy Resources (ASX: TRY) and its Brazilian partner to acquire the Mining Leases, which will result in the company taking 100 per cent of the […]
