THE FUND RAISER: This week some companies raised funds, while others received R&D rebates from the ATO. $14.1 million Received in Respect of Eligible Research and Development Expenditure Lynas Corporation (ASX: LYC) has received $14.1 million from the Australian Taxation Office relating to eligible research and development (R&D) expenditure incurred during the year ended 30 […]
GAVIN WENDT: We discussed recently the Fed’s decision to delay the inevitable – the scaling back of its $85 billion a month stimulus program – as being reinforcement of our negative view on the US economy. The Fed also warned that an increase in interest rates would threaten to bring expansion to a halt. As […]
Perth-based exploration play Impact Minerals (ASX: IPT) is hoping to finish, what has already been a successful 2013, on a very high note. The company’s expectations are high for a drilling program it has just commenced at its recently-acquired Mulga Tank nickel project, located 200 kilometres northeast of Kalgoorlie in Western Australia. Impact is […]
THE DRILL SERGEANT: Monax Mining (ASX: MOX) has established its Millers Creek project in South Australia as a ‘Designated Project’ (DP) with its strategic alliance partner, a wholly-owned subsidiary of major Chilean copper producer Antofagasta, via its wholly-owned subsidiary, Monax Alliance. The Millers Creek DP comprises three Alliance tenements together with four tenements owned by […]
THE DRILL SERGEANT: Caravel Minerals (ASX: CVV) has claimed to have discovered a third copper-gold prospect on the company’s Wynberg project, located in the Cloncurry District of North Queensland. The discovery was made during a recently-completed program of surface soil geochemistry and rock chip sampling. The new prospect, known as Wynberg C, is located along […]
THE BOURSE WHISPERER: AGM season continues to take its toll on the Boardrooms of the junior mining sector. Board and Management Changes Discovery Metals (ASX: DML) has announced changes to the company’s Board and senior management. Brad Sampson will cease his role as managing director and chief executive officer with effect on 31 December […]
THE DRILL SERGEANT: Birimian Gold (ASX: BGS) has received encouraging metallurgical results from laboratory based test work conducted on material from the Ntiola deposit at the company’s Massigui gold project in southern Mali. The Ntiola peposit is situated approximately 25 kilometeres from the Morila Mine Treatment Plant, which Birimian considers could present a near term […]
THE DRILL SERGEANT: Lamboo Resources (ASX: LMB) has advanced its McIntosh flake graphite project in Western Australia close to meeting market requirements for battery-grade crystalline-grade flake graphite. The company has had Nagrom Laboratories at Kelmscott in WA conduct metallurgical beneficiation of flake graphite from the McIntosh project. The beneficiation work has achieved high-concentrate grades of […]
THE DRILL SERGEANT: Artemis Resources (ASX: ARV) has received final drill results from a 15 hole, reverse circulation (RC) drilling program recently completed at the company’s Eastern Hills antimony–lead deposit, located in the Ashburton region of Western Australia. The company said the laboratory assays from the 2,470 metre drill program have confirmed the presence of […]
THE DRILL SERGEANT: Red Mountain Mining (ASX: RMX) is excited with its encounter with a high-grade surface trenching intersection from the Lobo prospect, located on the company’s Batangas gold project in the Philippines. The highlight of recent trench sampling returned: – 2 metres at 31.1 grams per tonne (1 ounce per tonne) gold, including 1 […]
