Entries by Wally Graham

Elvis has left the building Sept 23

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. The Whisperer pokes his head down the corridors of power to take a quick look at some of the chairs to have recently been vacated and to find out which ones have been filled:   Appointment of Non-Executive […]

WestSide launches Galilee Basin exploration

JETT RINK: The Galilee Basin exploration program of Brisbane-based coal seam gas exploration play WestSide Corporation has commenced with the spudding of the Glenlyon 1 exploration well located in exploration tenement ATP 974P in north western Queensland. WestSide said it expects the target horizons in Glenlyon 1 will most likely occur from around 1,000 metres […]

Alloy commences Horse Well drilling

THE DRILL SERGEANT: Perth-based exploration play Alloy Resources has commenced a 3,500 metre air-core drilling program at its Horse Well project in Western Australia. The purpose behind the drilling program is to enable the company to test the north of its recent Warmblood discovery on a 100 metre by 50 metre or 25 metre hole […]

Toro finalises tenements deal

THE BOURSE WHISPERER: In February uranium trend-setter Toro Energy announced it was acquiring a project called Millipede from MPI Nickel, a subsidiary of Norilsk Nickel Australia. The company has now announced that it has executed a raft of comprehensive legal documentation with MPI which has set out the commercial and legal framework for the purchase […]

Vector intercepts high-grade gold

THE DRILL SERGEANT: Vector Resources has received the first batch of assay results from a high priority drilling campaign being undertaken as part of the Phase 1 RC program at the company’s Mt Dimer project in Western Australia. Priority holes of the Phase 1 drilling have targeted near mine locations of Lightning, Anomaly 2, Silver […]

New Age completes $4M capital raising

THE BOURSE WHISPERER: New Age Exploration has completed a private placement of ordinary shares raising $4 million. The placement was taken up by an institutional investor and a sophisticated investor and will be carried out through the issue of just over 33.3 million ordinary shares at an issue price of 12 cents per share. New […]

Legacy secures cornerstone investor

THE BOURSE WHISPERER: Legacy Iron Ore and National Mineral Development Corporation have proposed a formal Share Subscription Agreement which will result in NMDC subscribing for a placement in Legacy. The proposal follows an announcement by the company in May of the signing of a non-binding Memorandum of Understanding between the two companies. A subsequent independent […]

Extracting gold without the pain

Mining without mining sounds like an abstract concept but it is actually very close to becoming a reality. Last year CSIRO Minerals Down Under Flagship scientists released research they had carried out on the Towards the Invisible Mine project. The scientists identified a major drawback to using the traditional in-situ leaching process of injecting leaching […]

White Rock continues Mt Carrington drilling

THE DRILL SERGEANT: White Rock Minerals is currently undertaking a drilling program on its 100 per cent owned Mt Carrington project in northern New South Wales. The program has been designed to expand the current shallow Inferred Resource base of the project of 190,000 ounces of gold and 10 million ounces of silver. Drilling has […]

Corazon continues nickel hits

THE DRILL SERGEANT: Canada-focused nickel play Corazon Mining has intersected further nickel / copper sulphide mineralisation. The hits have come during an ongoing drilling program the company is conducting on geophysical (EM) conductors at its EL Deposit, located within the Lynn Lake nickel sulphide project in Canada. The latest drilling supports Corazon’s interpretation that the […]