Entries by Wally Graham

NT floods costly for OZ Minerals

THE BOURSE WHISPERER: Recent flooding, which has impacted on road and rail transport in the Northern Territory has resulted in a costly mishap for OZ Minerals.  A Genesee & Wyoming Australia train travelling north to Darwin derailed in bad weather near Edith River.   The freight train derailed at the Edith River Crossing after flood […]

KBL inks Chinese MoU

THE BOURSE WHISPERER: KBL Mining has signed a Memorandum of Framework Cooperation, an apparently fancier term for an MOU, with Chinese concern, Guangdong Guangxin Mining Resource Group (GMR). GMR is a subsidiary of Guangdong Guangxin Holding (GGH). GGH is a Chinese government-owned enterprise, and according to KBL, is the largest foreign trade group in Guangdong […]

Silver Lake takes Lakewood to Stage 2

THE BOURSE WHISPERER: Goldfields heavy-hitter Silver Lake Resources is undertaking a second stage upgrade to take its Lakewood Gold Processing Facility (LGPF) to one million tonnes per annum capacity. Stage one of the upgrade of The Lakewood facility, located five kilometres south east of Kalgoorlie, was completed on time and on budget.   Mount Monger […]

MEO increases Indonesian interest

THE BOURSE WHISPERER: The wholly-owned subsidiary of Melbourne-based MEO Australia, South Madura Exploration Company, has executed binding transaction documents to acquire an additional 60 per cent participating interest in the South Madura PSC, situated onshore of Madura Island, Indonesia, in a deal that has been struck with AED South Madura BV. In June this year, […]

Dempsey says ‘No Thanks’

THE BOURSE WHISPERER: Dempsey Minerals has told the market that it no longer intends to continue with its takeover bid for all shares in Winmar Resources. Winmar Resources is a Western Australia-based exploration company that has a predetermined right to earn and acquire 100 per cent of the Hamersley iron project located in the Pilbara. […]

Archer in HoA with BHP Olympic Dam

THE BOURSE WHISPERER: Archer Exploration has reached a Heads of Agreement with BHP Billiton Olympic Dam Corporation (ODC). The agreement is in regard to the sale of an 80 per cent legal and beneficial interest in Archer’s five West Roxby tenements.   Magnetic image showing Archer’s West Roxby tenements in relation to major IOCG deposits. […]

Empire confirms A Zone copper-gold

THE DRILL SERGEANT: Recently-completed drilling carried out by Empire Resources has confirmed deeper copper-gold mineralization at the company’s A Zone prospect, situated within its Yuinmery copper-gold project, located 80 kilometres southwest of Sandstone in Western Australia. Intersections from two RC drill holes returned assays from approximately 200 metres and 220 metres vertically below surface. These […]

Solar Systems to build solar power station

THE BOURSE WHISPERER: Solar Systems, the wholly-owned subsidiary of ASX-listed Silex Systems has commenced on-site construction work for the first stage of what is to become Australia’s largest solar power station in Mildura, north west Victoria. Silex said the project will be the first full-scale commercial deployment of a grid connected solar power station using […]

YTC names Nymagee maiden

THE BOURSE WHISPERER: YTC Resources has announced a maiden JORC-compliant Mineral Resource Estimate for its 90 per cent-owned Nymagee deposit. The Nymagee deposit forms part of the company’s Hera-Nymagee project, located within the Cobar Basin in central New South Wales. The estimate represents the first resource estimate for Nymagee since the company initially discovered high-grade […]

APA to expand Pilbara gas pipeline

THE BOURSE WHISPERER: Australian natural gas infrastructure company APA Group is set to expand the capacity of the Goldfields Gas Pipeline. The expansion is anticipated to meet new demand for gas in the ever-growing Pilbara mining sector.   Location of Goldfields Gas Pipeline expansion. Source: Company announcement   The expansion is supported by a new […]