THE WELL SPUDDER: FAR Ltd (ASX: FAR) has received approval from the Ministry of Energy and Petroleum in Kenya for the first farm-in deal on the company’s onshore and offshore Kenya exploration permit, Block L6, located in the Lamu basin. The farm-in deal has been struck with international petroleum logistics, marketing, trading, exploration and production […]
THE DRILL SERGEANT: Ram Resources (ASX: RMR) has expanded its ground holding in the Fraser Range nickel-copper belt of Western Australia with the acquisition of an option over five new tenements. Ram has acquired a two-year option over the tenements from a private prospector. Under the terms of the option, Ram will pay $40,000 […]
THE DRILL SERGEANT: Echo Resources (ASX: EAR) has encountered some very encouraging gold intersections during a recent program of RC drilling at the company’s Julius gold discovery. Echo said the drilling had returned excellent composite sample intercepts, including (down-hole widths and depths): 4 metres at 75.6 grams per tonne gold from 276m, within 16m at […]
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has claimed to have extended the strike potential of the Gruyere prospect. The Gruyere prospect is located within the Dorothy Hills gold camp, one of the company’s nine targets on the Yamarna gold belt in Western Australia. Gold Road has received assay results from recently completed aircore […]
THE DRILL SERGEANT: Variscan Mines (ASX: VAR), through its wholly-owned European subsidiary Variscan Mines SAS, has been granted a second exploration licence within Brittany, France. The St Pierre licence (Permis Exclusif de Recherche or PER) covers an area of 386 square kilometres around the La Bellière gold mine located in the Department of Maine et […]
THE DRILL SERGEANT: Vital Metals (ASX: VML) has been granted a new tenement, EPM 25139, by the Queensland Department of Natural Resources & Mines. The EPM covers 10 square kilometres and contains the historical Peninsula copper prospect, which has returned grades from grab samples of up to 17 per cent copper. Vital Metals Watershed […]
GAVIN WENDT: Despite the hit that the uranium business initially took with respect to sentiment in the wake of the Fukushima earthquake back in 2011, the conundrum remains the same: the world has few alternatives in terms of substantial, reliable base-load power generation. Realistically, in a world with burgeoning populations in emerging countries and an […]
THE CONFERENCE CALLER: Next week The Roadhouse will be one of many delegates attending the annual RIU Explorers Conference. As always the two-day conference is being held at the Esplanade Hotel in the portside city of Fremantle kicking off on Wednesday February 19. The RIU Explorers Conference has grown from strength to strength to become […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Website: www.psl.com.au Cradle Resources (ASX: CXX) The recently released independent scoping study on Cradle Resources’ (ASX: CXX) Panda Hill niobium project (50 per cent owned with right to acquire balance) demonstrated a robust project at current prices. There were several highlights […]
THE FUND RAISER: The junior explorers continue to attract plenty of financial backing. $4.2 million to advance flake graphite projects Lamboo Resources (ASX:LMB) has completed a capital raising, receiving oversubscriptions for the issue of 15 million shares at 28 cents each to raise approximately $4.2 million, to sophisticated and institutional investors. “The level of demand […]
