Entries by Wally Graham

Minbos to acquire Congo Basin phosphate

THE BOURSE WHISPERER: Minbos Resources has entered into a conditional agreement to acquire a large-scale potash licence located in the Cabinda Province of the Republic of Angola. “This is an exceptionally exciting transaction for Minbos,” Minbos Resources executive chairman Peter Richards said in the company’s announcement to the Australian Securities Exchange. “Not only does it […]

M&A activity depletes Australian projects

M&A activity depletes Australian projects Although the boom keeps booming it seems the gap between the Australian mid-cap sector and the majors is growing. According to Citi Investment Research and Analysis Metals and Mining analysts, Australia, over the last ten years, has basically been acting as a clearing house of its quality mining assets. Of […]

Focus drills potential Perseverance expansion

THE DRILL SERGEANT: Recent drilling carried out by Australian gold producer Focus Minerals at its Tindals Mining Centre underground operation has resulted in a series of high-grade gold intercepts, which the company said highlights potential for further expansion around the Perseverance deposit. Focus has also just poured its 200,000th ounce of gold since it started […]

Orrex hits Lakeside gold

THE DRILL SERGEANT: The results are back in from Orrex Resources’ first reverse circulation (RC) drilling program at the Lakeside prospect, on its Golden Mile South project in Western Australia. The campaign consisted of eleven holes, four of which intersected gold mineralisation, for a total of 1,300m of reverse circulation drilling. Orrex said the holes […]

Rio funds Tasman’s Olympic Dam exploration

THE BOURSE WHISPERER: Exploration minnow Tasman Resources has signed a conditional agreement with Rio Tinto Exploration, a wholly owned subsidiary of global mining giant Rio Tinto. The agreement will see the latter’s subsidiary fund an accelerated exploration program on Tasman’s 100 per cent-owned Exploration Licence. The EL contains the Vulcan prospect, located 30 kilometres from […]

Rex eyes Hillside expansion

THE BOURSE WHISPERER: Rex Minerals will focus the pre‐feasibility study for its 100 per cent-owned Hillside copper project on expanding and optimising the mine plan to produce the equivalent of 100,000 tonnes of copper per annum. This is almost double the production rate the company originally outlined in stage one of a recent concept study. […]

Elvis has left the building Oct 7

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 New […]

Pacrim drills into Kelly prospect

THE DRILL SERGEANT: Pacrim Energy has received results from a recently completed program of RC drilling on the Kelly prospect located within its 100 per cent-owned Redcliffe gold project near Leonora in Western Australia. The program was carried out to infill and extend zones of gold mineralisation the company had previously identified to a vertical […]

Invictus begins drilling campaign

THE DRILL SERGEANT: Invictus Gold has commenced the maiden drill program at the Scartwater prospects located on the company’s 100 per cent-owned Drummond Basin project in Queensland. The company will be conducting a program of 4,000 metres of reverse circulation (RC) drilling. This will be carried out over the Scartwater prospects as well as the […]

Catalyst cashed up for drilling

THE BOURSE WHISPERER: Catalyst Metals has raised $439,650 to fund its next phase of drilling at the Four Eagles gold project near Bendigo in Victoria. Catalyst has completed a share placement of 1.3 million ordinary fully paid shares at a subscription price of 35 cents per share to raise the funds. An aircore and diamond […]