THE BOURSE WHISPERER: Gindalbie Metals (ASX: GBG) has reached agreement in principle, subject to the conclusion of a Binding Memorandum of Understanding, with its Joint Venture partner Ansteel. The deal entails the implementation of a funding solution to meet the additional working capital requirements for the Karara project that have come into play following recently-announced […]
THE DRILL SERGEANT: Sipa Resources (ASX: SRI) has completed three diamond drillholes for 410.9 metres of RC precollar and 941.6 metres of core at two Sub-prospects within the Enigma Secondary Copper Blanket at the company’s 100 per cent-owned Thaduna copper project, located in the Gascoyne region of Western Australia. The company explained the aim of […]
THE DRILL SERGEANT: Northern Star Resources (ASX: NST) is confident drilling results from the recent Titan gold discovery at the company’s Paulsens project in Western Australia have highlighted its potential. The latest results from Titan include: – 1.4 metres at 14.2 grams per tonne gold from 488 metres; – 0.7m at 41.6g/t gold from 352m; […]
THE DRILL SERGEANT: Tawana Resources (ASX: TAW) has claimed the discovery of high-grade itabirite mineralisation over a two kilometre strike at the Gofolo NE target and within 2.5km from the Gofolo Main prospect. Both are located within the company’s 100 per cent-owned Mofe Creek iron ore project in Liberia. Tawana has drilled a total of […]
THE DRILL SERGEANT: Metallica Minerals (ASX: MLM) has had an Environmental Authority (EA) issued by the Queensland Department of Environment and Heritage Protection for the company’s Mining Lease Application (MLA 20669). The Mining Lease Application covers the Urquhart Point zircon-rutile HMS project. The project is located three kilometres southwest of Weipa on the western coast […]
THE DRILL SERGEANT: AusQuest Limited (ASX: AQD) has identified priority drill targets for porphyry copper-style mineralisation and iron oxide copper gold (IOCG) targets at a further three prospect areas within the company’s portfolio of copper-gold exploration projects in Peru. These targets and are owned 100 per cent by AusQuest are in addition to others the […]
THE DRILL SERGEANT: Corazon Mining (ASX: CZN) is readying to recommence its exploration of the company’s Top Up Rise project (TUR), located in the Gibson Desert region of Western Australia. Drilling at TUR is set to kick off again as soon as possible with a drill rig still on site from the company’s initial program […]
IN THE LOBBY: The Western Australia Department of Mines and Petroleum has increased the validity period for Programs of Work from two to four years. The DMP claims the decision will improve efficiency, provide flexibility and uphold environmental standards, as the State Government has cut red tape for the mining industry with a change […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Sirius Resources (ASX: SIR) Extension of gold anomaly at Polar Bear. First pass reconnaissance aircore drilling has extended the large zone of gold anomalism at the first of SIR’s gold targets on its Polar Bear project (SIR 100 per cent). […]
THE FUND RAISER: There appears to be a rise in activity in the fund raising space for junior miners recently. Renounceable Rights Issue to raise $1.5 million Monax Mining (ASX: MOX) announced a pro-rata non-renounceable rights issue to raise approximately $1.5 million to further advance the company’s Waddikee graphite project and for working capital purposes. […]
