Entries by Wally Graham

ASX suffers a technical hitch

THE BOURSE WHISPERER: The Australian Securities Exchange had one of its more interesting days of trading today. The Exchange halted trading after a number of traders said they were unable to complete their transaction. The halt lasted four hours, during which time investors were frustrated in their attempts to take advantage of earnings news and […]

Enerji Signs MoU with Poseidon Nickel

THE BOURSE WHISPERER: Enerji Limited has entered into a memorandum of understanding with Poseidon Nickel. Enerji is an emerging green power utilty while Poseidon is the developer of the largest high grade nickel sulphide deposits of any exploration and development company in Australia. Under the MoU Enerji will provide assistance to Poseidon on aspects of […]

Chesser drills Turkish delights

THE DRILL SERGEANT: Chesser Resources has received the latest results from its current 30,000 metre drill program being carried out at the Kestanelik project in western Turkey. The company’s aim is to complete the drilling required to estimate a JORC resource for the already-drilled high-grade veins at Kestanelik (Karakovan, K1, K2, K3 and KS). Chesser […]

Sheffield announces Inferred Resource

THE DRILL SERGEANT: Bulk minerals explorer Sheffield Resources has announced an Inferred Resource for its Ellengail heavy mineral sand (HMS) project, located seven kilometres west of Eneabba in the mid-west region of Western Australia. The Inferred Resource measure 46.45 million tonnes at 2.2 per cent heavy minerals for 1.040 million tonnes of contained heavy minerals, […]

Kalgoorlie upgrades Bullant

THE DRILL SERGEANT: Kalgoorlie Mining Company has release an upgraded resource estimate of 446,900 tonnes at 4.68 grams per tonne containing 67,300 ounces of gold for the East Lode resource at its Bullant gold mine located 70 kilometres north west of Kalgoorlie, Western Australia. The updated Resource Estimate is a 440 per cent increase over […]

Apollo gains access to Woomera Defence Area

THE BOURSE WHISPERER: Apollo Minerals has entered into a Deed of Access (“DoA”) with the Australian Department of Defence that allows the company to explore the full extents of its Commonwealth Hill property located within the Woomera Defence Area in South Australia. Apollo is one of the first exploration companies to be granted access for […]

Bass turns Fossey mine

THE BOURSE WHISPERER: Bass Metals has reported progress with the turnaround in the performance of its 100 per cent-owned Fossey mine in Tasmania. The company’s September 2011 quarterly report indicated a strong recovery from recent mine issues and an excellent outlook for further exploration success underpinned by robust production. Bass Metals said that although the […]

Finders secures funding for Wetar copper project

THE BOURSE WHISPERER: Two major shareholders of Finders Resources, Taurus Funds Management and Resource Capital Funds have agreed to provide a loan of up to $8 million to Finders, providing capital for the Wetar copper project in Indonesia. Finders will put the funds towards deposits and progress payments on Marine Fuel Oil (MFO) generators, the […]

Black Range completes inaugural drilling campaign

THE DRILL SERGEANT: Black Range Minerals has completed its maiden drilling program at the Hansen and Picnic Tree uranium deposits in Colorado, USA. Black Range completed a total of eight diamond core holes at the Hansen deposit for 1,741 metres while a further three diamond core holes for 170 metres were completed at the Picnic […]

Voyager discovers more at KM project

THE DRILL SERGEANT: Voyager Resources has claimed a further discovery at its KM copper porphyry project in the South Gobi region of southern Mongolia. Initial drilling on the Gaans prospect at KM has intersected: –    46 metres at 1.1 per cent copper and 14.1 grams per tonne silver from 16 metres; and –    38m at […]