Entries by Wally Graham

Toro and Deep Yellow drill Namibia

Nova Energy Namibia, which is owned by a consortium including Deep Yellow, Toro Energy and Sixzone Investments, is to commence a drilling program of approximately 10,000m RC drilling on its tenements in Namibia.  Deep Yellow, operating through Reptile Uranium Namibia, will manage the program, which has been designed, subject to strict environmental and rehabilitation conditions, […]

Royalco Resources looks at East African projects

Melbourne-based Royalco Resources has executed Memoranda of Understanding (MoU) with two, geotechnically qualified Ethiopian entities, over two separate project areas approximately 450 kilometres north of the capital city of Addis Ababa. The MoUs signal the company’s initial foray into acquiring gold and base metal exploration leases within Ethiopia. The company has flagged these to potentially […]

Maximus Share Purchase Plan raises $707,500

The recently closed non-renounceable share purchase plan of South Australian gold play Maximus Resources, which closed on Wednesday 4th May 2011, raised a total of $707,500 before costs. This represents approximately 41.6 million new shares to be issued to the 112 participating shareholders. Proceeds from the SPP will be used principally to fund completion of […]

Feasibility study gives thumbs up for Richmond Mining’s Buena Vista iron project.

The recently completed feasibility study carried out on the Buena Vista project, located in Nevada, USA, has, according to the company, confirmed the project to be, “an economically robust, long-life iron project which will generate substantial returns for the company and deliver significant benefits to local Counties and the State of Nevada.” Perth-based Richmond had […]

Blackham Resources receives further positive drill results from Scaddan.

Blackham Resources has announced further positive drill results from drilling at its Scaddan and Grass Patch projects near Esperance, Western Australia confirming coal intercepts outside the existing resource model. A recently completed air core and diamond drill program was aimed at upgrading the coal resource category within the mining pit area and test the coal […]

Zamia Metals scores healthy molybdenum hits.

Australian exploration company Zamia Metals has announced some encouraging RC drilling results from the northern zone of its Anthony molybdenum discovery in central Queensland. The latest drilling program came on the back of an announcement by the company in February of an increase in the Inferred Resource in primary (sulphide) molybdenum mineralisation to 173 million […]

RIU Sydney Resources Round-up

The eighth annual RIU Sydney Resources Round-up kicks off at in the salubrious surroundings of the Sofitel Sydney Wentworth this week with the three day conference promising to provide investors with the opportunity to meet the people behind some of Australia’s leading exploration and mid-tier mining companies. The Resources Roadhouse has driven the company ute […]

Wolf Minerals provides market with tungsten update

Australian specialist minerals exploration and development company Wolf Minerals released some interesting information to the market. The company released an update on the tungsten market, which highlights a strong outlook for future price and demand and, unsurprisingly paints a rosy picture for its flagship project. Wolf’s core project is the Hemerdon Tungsten and Tin project […]

Quarterly figures reflect WA’s push to improve approvals system

The use of new technology has been identified by the Western Australian state government as a major contributor to the significant turnaround in approvals for the first quarter of 2011. The WA government has been eager to improve its mining approvals processes to meet the growth of applications, especially those in the on-line category. On-line […]

Crusader Resources extends Borborema gold project.

Drilling at Crusader Resources’ 100% owned Borborema gold project in Brazil has extended gold mineralisation to 3,350 metres along strike and at depth. Crusader has completed 22,000m of a planned 25,000m program and has said it is now confident it will be able to significantly expand the current Indicated and Inferred Mineral Resource estimate of […]