Entries by Wally Graham

Continental Coal secures funding for Penumbra mine.

THE BOURSE WHISPERER: The board of Perth-based South Africa-focused coal mining company Continental Coal has received a credit approved and committed financing offer. The offer will provide debt and related coal and foreign exchange risk management facilities that will be used for the development of the company’s Penumbra coal project. The new facility, in conjunction […]

Minemakers signs MoU for Wonarah

THE BOURSE WHISPERER: ASX, TSX and NXS-listed Australian phosphate play Minemakers Limited has signed a non-binding Memorandum of Understanding with Bombay Stock Exchange-listed NMDC Limited to establish a pathway for the development of its 100% owned Wonarah phosphate deposit in the Northern Territory. Under the MOU relevant NMDC management staff will join the Minemakers team […]

Catalpa scores encouraging drill hits

THE DRILL SERGEANT: Rising mid-tier Australian gold producer Catalpa Resources has received some encouraging results from three drill holes carried out during its on-going diamond drilling program. The current “Deeps” program is testing the potential of the company’s multi-million ounce Edna May gold system at Westonia in Western Australia. The ‘Deeps’ drilling program has been […]

Commodity Overview – What’s really going on with copper?

Copper is regarded as one of the bellwether commodities of international economic growth and rightly so, as it’s used extensively in everything from homes to cars to electronics. Despite comments over recent months that have predicted dire price falls based on weakening world demand, the fundamentals for copper have, in my view, been signalling something […]

Second iron ore resource for Centrex Metals

THE BOURSE WHISPERER: The strategic partnerships of iron ore developer Centrex Metals with Top 10 China-based steel mills to explore for and develop iron projects on South Australia’s Eyre Peninsula continues to deliver good news with the announcement of a second major resource milestone in under a month. Centrex has announced that Eyre Iron, its […]

Intrepid hits gold-copper at Gama

THE DRILL SERGEANT: ASX-listed Intrepid Mines and TSX-listed Cornerstone Capital Resources have announced the completion of the first six holes of an 11-hole (2,900 metres) drilling program. The Phase 1 diamond drilling program was carried out on the Gama prospect, located in the north western part of the Shyri property in southern Ecuador. Intrepid is […]

Centaurus Metals test work produces high-grade hematite

THE BOURSE WHISPERER: Recent dry magnetic separation beneficiation test work carried out by Brazilian-focused iron ore company Centaurus Metals has demonstrated the capability to produce a high-grade hematite product grading 65.8 per cent iron with low impurities at a strong mass recovery of 50% and metal recovery above 90%. The positive results stem from test […]

Black Fire Minerals eyes REE project

THE BOURSE WHISPERER: Diversified Perth-based resources house Black Fire Minerals has completed a due diligence program and has subsequently entered into an Option to Purchase Agreement to acquire a 70% equity interest in the 3,600 square kilometres Longonjo rare earth project located in central Angola. Under the agreement, Black Fire has made a A$100,000 option […]

Kookynie Drilling intersects gold mineralisation

THE DRILL SERGEANT: Perth-based exploration company Laconia Resources has announced results of a recently completed 12 hole, 1,200 metre RC drilling program at its 100% owned Kookynie gold project, near Kalgoorlie in Western Australia. Laconia kicked off the drill program in March, which was designed to test down dip and plunge extensions of previous intersections […]

Gold investors wary in May

May was an interesting month for gold with the shiniest of commodities demonstrating to the market that it is just as susceptible as its cousins to a sell-off when market conditions change. Gold reached a high of US$1,575 per ounce at the start of May only to quickly fall off almost seven per cent over […]