THE DRILL SERGEANT: Brazilian Metals Group (ASX: BMG) has intersected copper in all holes during while conducting its maiden drill program at the Laxia prospect. The Laxia prospect is situated within the company’s Black Pine project in Cyprus. The company said the recent drilling had expanded its exploration target area to more than 50 kilometres. […]
THE BOURSE WHISPERER: Great Western Exploration (ASX: GTE) has signed a Memorandum of Understanding with a Kazakhstan company to carry out a feasibility study to determine the economic potential to mine and treat low grade gold ore stockpiles. The stockpiles are located near the former soviet regional gold mining centre of Stepnogorsk. Great Western said […]
ROADHOUSE REGULAR: Acuity Capital’s Stephen Earl takes a look at expectations for the Australian dollar and what this means for resources companies. The Australian dollar performed superbly during the mining led boom of the 2000s. Its rise from 65 cents in January 2000 to above parity in December 2010 – a period which also included […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Evolution Mining Limited (ASX: EVN) Evolution Mining released its FY2013 Financial Results, which were broadly in-line with our expectations. But more importantly Jake Klein and his team delivered yet again. This time it was on the previously announced dividend policy, despite […]
IN THE LOBBY: The opening speeches at the Association of Mining and Exploration Companies (AMEC) conference in Perth included a juicy pre-election bone for the mining industry from the Coalition. A Coalition spokesman told the conference it intends to introduce an Exploration Development Incentive, which will allow investors to deduct the expense of mining exploration […]
THE DRILL SERGEANT: Tawana Resources (ASX: TAW) has received an Environmental Permit for the exploration phase of the company’s 100 per cent-owned Mofe Creek iron ore project in Liberia. “This marks an important step forward in the company’s ongoing efforts to evaluate the Mofe Creek iron ore project in an environmentally sustainable manner commensurate with […]
THE DRILL SERGEANT: Bligh Resources (ASX: BGH) has had a Mineral Resource estimate calculated at the Bundarra gold project, located in the Leonora region of Western Australia. Bligh owns 42.9 per cent of SR Mining, which owns the Bundarra project. The total Bundarra gold project Mineral Resource has increased by 54 per cent from 318,000 […]
THE DRILL SERGEANT: Inova Resources (IVA: ASX) has been encouraged by the receipt of positive gold results from recent drilling at the Confucius prospect, located on the company’s tenements in the Cloncurry District of north western Queensland. Inova said the drilling at Confucius was undertaken during July and August 2013 and consisted of 25 holes […]
THE DRILL SERGEANT: Caravel Minerals (ASX: CVV) has claimed discovery of a zone of high-grade outcropping manganese mineralisation the new Landor prospect, located within the company’s Bryah project in Western Australia. The new discovery extends over 1.5 kilometres of strike at Caravel’s 92.5 per cent-owned exploration licence E51/1290, located 80 kilometres north of Meekatharra. Caravel […]
THE DRILL SERGEANT: Metals X (ASX: MLX) has announced an upgrade to the company’s 50 per cent-owned Renison tin mine in Tasmania. The Total Mineral Resource of tin metal at the Renison mine has been expanded by 31 per cent to 11.57 million tonnes at 1.76 per cent tin, containing approximately 204,000 tonnes of tin […]
