Entries by Wally Graham

Metallica Minerals to raise $4.9 million

THE BOURSE WHISPERER: Multi-commodity resource development company, Metallica Minerals has announced a fully underwritten renounceable rights issue to raise approximately $4.9 million. Funds raised will be used to advance two of the company’s key minerals projects in Queensland. These are the NORNICO nickel, cobalt and scandium project northwest of Townsville and the Weipa zircon/rutile minerals […]

Perilya updates Moolooloo Resource

THE DRILL SERGEANT: Base metals mining and exploration company Perilya has announced a new mineral resource estimate for the North Moolooloo high grade zinc prospect. The new resource estimate is located in the Northern region of the North Moolooloo exploration project in the Flinders region in South Australia. Perilya discovered the North Moolooloo deposit during […]

Ezenet to acquire Chilean gold project

THE BOURSE WHISPERER: Software and computer developer turned South American gold explorer Ezenet has executed an agreement with Chilean company Compania Calcia. The agreement will see the company acquire a 100% interest in the Vega Gold exploration project located in Chile’s El Indio Gold Corridor. The Vega project comprises 10 gold Exploration Concessions covering an […]

Vital drill results from Doulnia

THE DRILL SERGEANT: West African gold explorer and Queensland tungsten developer Vital Metals, along with its Farm in partner Ampella Mining, has provided the market with an update on exploration progress at the Doulnia Gold Project in Burkina Faso. The farmers last updated the market in March, reporting reported drill results from 66 holes in […]

Proto acquires German development project

THE BOURSE WHISPERER: Sydney-based Proto Resources & Investments has acquired rights over the Kiefernberg nickel-cobalt development project located in Saxony, Germany. Proto has entered an option to purchase the Granulite Mountains licence from Deutsche Rohstoff AG. The licence covers over 600 square kilometres and includes both known mineralised zones and the site of a historical […]

Southern Cross Goldfields rubs Golden Orb

THE DRILL SERGEANT: Recent infill RC drilling carried out at the Golden Orb deposit by Southern Cross Goldfields has demonstrated its potential as an open pit and underground feed source. Significant intersections received from the recent in-fill drilling include: – 8 metres at 6.7 grams per tonne gold from 10m; – 3m at 24.0 g/t gold from […]

Gold popular in co-funded drilling program

THE BOURSE WHISPERER: The current round of the Western Australian State Government’s Co-funded Exploration Drilling Program has highlighted gold to be the much-favoured commodity of choice for exploration plays by featuring in 49 per cent of applications. WA Mines and Petroleum Minister Norman Moore didn’t surprise anyone by speaking glowingly about the program that began […]

Study ticks viability of 53Mt coal project

THE BOURSE WHISPERER: Pan Asia Pacific has received the results of an independent study carried out on the TCM underground coal mine project in Kalimantan Indonesia. The study on the 53 million tonne JORC resource project was carried out by underground mining group KOPEX. Pan Asia holds a 75% interest in the TCM project and […]

Tanami Gold lifts Resources and Reserves

THE DRILL SERGEANT: Australian gold producer Tanami Gold increased its company-wide gold Resources and Ore Reserves across both of its operational centres as production at the Central Tanami project moves towards commencement. Recent drilling at the company’s flagship Groundrush deposit has resulted in a maiden Mineral Resource of 203,000 ounces gold and a Mineral Reserve […]

Scandinavian Resources acquires iron ore portfolio

THE BOURSE WHISPERER: Scandinavian Resources has acquired a portfolio of nine iron permits from Swedish company Grängesberg Iron AB. The acquisition was made via the company’s its wholly owned subsidiary Kiruna Iron AB (KIAB). The portfolio includes the advanced Ekströmsberg iron project and Tjårrojåkka iron-copper project located 45 kilomteres from Kiruna in northern Sweden. The […]