THE BOURSE WHISPERER: Wave energy developer Carnegie Wave Energy has delivered its next generation commercial scale CETO unit (CETO 4) to its deployment location on Reunion Island with the help of French marine defence contractor DCNS. The unit will now be subjected to pre-deployment testing similar to the CETO 3 pre-deployment testing undertaken by Carnegie […]
THE BOURSE WHISPERER: Perth-based Magnum Mining and Exploration has entered into an option and exclusivity agreement to acquire an iron ore project in Minais Gerais, Brazil. OCRA Trustees (Seychelles) Limited as trustee of Global Trust has granted Magnum an irrevocable exclusive option to acquire all of the fully paid issued shares in Irongates (Aust) (IAPL). […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
