THE FUND RAISER: This week more companies raised funds, while others receive more R&D rebates from the ATO. Receipt of Research and Development proceeds Eastern Iron (ASX: EFE) has received $690,574 from the partial refund of eligible expenditure from the Australian Government R&D Tax Incentive Program. During November the company also received $150,000 from […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Mutiny Gold (ASX: MYG) Paterson Securities considers Mutiny Gold’s (MYG) Deflector deposit to be a quality gold-copper asset with the potential to generate significant cash flow. With an updated Definitive Feasibility Study (DFS) demonstrating a considerable reduction to start-up capital, the […]
Convertible notes have become an increasingly popular source of finance for ASX companies over the past few years. Versions of these products have appealed in particular to small and micro cap resources companies in need of fast cash to keep fledgling development projects alive. The notes do, however, have their critics, particularly where companies which […]
THE DRILL SERGEANT: White Rock Minerals (ASX: WRM) has received further encouragement from recent drilling undertaken at the Red Rock prospect, located at the company’s 100 per cent-owned Mt Carrington project in New South Wales. According to White Rock the recent drilling has demonstrated potential to expand the company’s 700,000 ounce gold equivalent Resource base […]
THE DRILL SERGEANT: Dacian Gold (ASX: DCN) has continued its run with the drill bit at the Jupiter prospect, located on the company’s 100 per cent-owned Mt Morgans gold project in the Laverton District of Western Australia’s North Eastern Goldfields. The latest drilling conducted by the company at Jupiter has intersected a further high-grade result, […]
THE DRILL SERGEANT: Robust Resources (ASX: ROL) has followed up a recent resource estimate with news subsequent drilling has demonstrated the potential to increase it. Robust released the following resource estimate last week for the Manganese Valley and Batu Hitam West prospects on the company’s Romang Island project. Manganese mineral resource estimate. Source: Company […]
THE DRILL SERGEANT: Energia Minerals (ASX: EMX) has completed resource infill drilling program at the company’s 100 per cent-owned Carley Bore uranium deposit in Western Australia. The company said the drilling has confirmed the consistency of uranium mineralisation in all of the three areas that had been targeted for further definition drilling, highlighting the potential […]
THE BOURSE WHISPERER: The activity in junior mining company Boardrooms around the country continues. Director appointment Blackthorn Resources (ASX: BTR) has announced Roger Higgins has agreed to join the company’s as a non-executive director, to be effective from 1 January 2014. Higgins has over 40 years’ experience in senior management positions in the international […]
THE DRILL SERGEANT: Liontown Resources (ASX: LTR) has been encouraged by intersections recorded from an initial RC drilling program at the company’s Rupa Suguti gold project in Northern Tanzania. Better intersections from the recently-completed nine hole RC program include: – SCRC021: 5 metres at 3.8 grams per tonne gold from 59 metres, including 1 metres […]
THE DRILL SERGEANT: Millennium Minerals (ASX: MOY) has updated the gold Mineral Resources for the company’s Nullagine gold project. The total project Mineral Resource (Measured, Indicated and Inferred) now stands at 47.13 million tonnes grading at 1.26 grams per tonne gold for approx. 1.9 million contained gold ounces, representing an increase of 6 per cent […]
