THE BOURSE WHISPERER: Middle Island Resources (ASX: MDI) has announced a maiden Resource for the Tialkam South prospect, situated within the Sirba gold project in Niger. The Tialkam South gold prospect lies within the southern portion of the Tialkam permit, comprising part of the 1,916 square kilometre Sirba project, which consolidates the central portion of […]
THE BOURSE WHISPERER: Tawana Resources (ASX: TAW) has announced it is to dispose of its interests in the Kareevlei diamond project in South Africa and the Flinders Island diamond project in Australia. The company explained the move is part of its ongoing strategy to reduce overheads, divest non- core assets and fast-track the development of […]
THE BOURSE WHISPERER: Golden Rim Resources (ASX: GMR) has reported negotiated changes to its agreement to acquire the Korongou project from Epsilon Gold Mines. The previously-struck deal involved a total of $2 million payable to Epsilon over a period of two years and an additional US$1 million was payable upon the commencement of a Bankable […]
THE DRILL SERGEANT: MGT Resources (ASX: MGS) has received results from Phase Two of its 2013 Summer Hills drilling program. Summer Hills is the main tenement on the company’s Mt Garnet tin project, located south west of Cairns in far North Queensland. The Mt Garnet project is only three hours drive southwest from Cairns, […]
THE DRILL SERGEANT: Orion Gold (ASX: ORN) has travelled to outer space in order to identify new exploration targets at the company’s Connors Arc epithermal project in Central Queensland. The company has had ASTER (Advanced Spaceborne Thermal Emission and Reflection Radiometer) data interpreted by consultants Global Ore Discovery. ASTER is an imaging instrument on-board NASA’s […]
THE BOURSE WHISPERER: Silver Lake Resources (ASX: SLR) has given notice it is embarking on a $47.5 million raising by way of an underwritten placement of 55.9 million fully paid ordinary shares to institutional and other sophisticated and professional investors. The raising will target investors from Australia and other jurisdictions at an issue price of […]
THE BOURSE WHISPERER: Phoenix Gold (ASX: PXG) has reported development of Stage 1 of the Blue Funnel gold mine is meeting the company’s expectations. Mining commenced at Blue Funnel in July and ore processing has now commenced under a toll milling arrangement with FMR Investments at its Greenfield’s Mill in Coolgardie. The Board of Phoenix […]
THE DRILL SERGEANT: Rox Resources (ASX: RXL) has reported the results of the second completed hole from a drilling program currently underway at the Teena prospect. The Teena prospect forms part of the company’s Reward zinc project located in the Northern Territory. The second hole has repeated the achievement of the first hole by intersecting […]
THE DRILL SERGEANT: Monax Mining (ASX: MOX) has released a maiden JORC Inferred Mineral Resource for the Wilclo South graphite deposit on South Australia’s Eyre Peninsula. The Wilclo South deposit forms part of the company’s 100 per cent-owned Waddikee project. Location of the Waddikee project, central Eyre Peninsula. Source: Company announcement The total […]
THE BOURSE WHISPERER: Cleveland Mining Company (ASX: CDG) has received firm commitments from institutional and sophisticated investors to raise $3 million through a placement of 25 million ordinary shares priced at 12 cents per share. Funds raised include $100,000 from one of the company’s directors, Russell Scrimshaw, who is set to take over from Don […]
