Entries by Wally Graham

Aquilla Resources tables PFS on Hardey

THE BOURSE WHISPERER:    Aquila Resources has announced positive results from the Pre-Feasibility Study of the development of the Hardey iron ore deposit being developed by its 50% owned Australian Premium Iron Joint Venture. Aquila identified the completion of the PFS for Hardey as the first stage in leveraging the investment in the West Pilbara Iron Ore […]

Ampella scores positive drill results at Konkera

Ampella Mining has announced the hit of multiple wide high-grade zones of gold mineralisation during infill drilling at the Konkera 2.2 million ounce gold JORC Code Compliant Resource on its 100% owned Batie West Project in Burkina Faso, West Africa. Konkera has an Indicated Resource of 22.5 Mt at 1.6 grams per tonne gold for […]

Sheffield Resources rock chips return high grade iron

Bulk minerals explorer Sheffield Resources has announced high grade iron results from rock chip sampling on its tenements located in the eastern Pilbara region of Western Australia. Initial helicopter-supported reconnaissance took 40 samples, which outlined new zones of iron enrichment on three of Sheffield’s four recently granted iron ore tenements in the region. The most […]

RIU Sydney Resources Round-up Day Two

Catalpa Resources managing director Bruce McFadzean stood before the assembled delegates at the RIU Sydney Resources Round-up on the back of a market release that announced recent report exploration assay results the company has recently received from the Cracow Gold Operations in Queensland. The recent activity has been targeting high grade epithermal gold mineralisation south […]

Red October Resources hunting in Kazakhstan

West Perth-based Red October Resources has announced it is evaluating several advanced mineral projects in the Central Asian Republic of Kazakhstan. “On the heels of our recently completed initial public offering, we are working to hit the ground running as we strive to bring about early and significant returns to the investors who have put […]

RIU Sydney Resources Round-up – Day One

The 2011 RIU Sydney Resources Round-up kicked off this morning to news that Wayne Swan had left the mining industry out of the Federal Budget. That came as a bit of an anti-climax, especially for us journalistic types who enjoy a good government versus mining industry stoush. It would appear the Gillard government has done […]

Toro and Deep Yellow drill Namibia

Nova Energy Namibia, which is owned by a consortium including Deep Yellow, Toro Energy and Sixzone Investments, is to commence a drilling program of approximately 10,000m RC drilling on its tenements in Namibia.  Deep Yellow, operating through Reptile Uranium Namibia, will manage the program, which has been designed, subject to strict environmental and rehabilitation conditions, […]

Royalco Resources looks at East African projects

Melbourne-based Royalco Resources has executed Memoranda of Understanding (MoU) with two, geotechnically qualified Ethiopian entities, over two separate project areas approximately 450 kilometres north of the capital city of Addis Ababa. The MoUs signal the company’s initial foray into acquiring gold and base metal exploration leases within Ethiopia. The company has flagged these to potentially […]

Maximus Share Purchase Plan raises $707,500

The recently closed non-renounceable share purchase plan of South Australian gold play Maximus Resources, which closed on Wednesday 4th May 2011, raised a total of $707,500 before costs. This represents approximately 41.6 million new shares to be issued to the 112 participating shareholders. Proceeds from the SPP will be used principally to fund completion of […]

Feasibility study gives thumbs up for Richmond Mining’s Buena Vista iron project.

The recently completed feasibility study carried out on the Buena Vista project, located in Nevada, USA, has, according to the company, confirmed the project to be, “an economically robust, long-life iron project which will generate substantial returns for the company and deliver significant benefits to local Counties and the State of Nevada.” Perth-based Richmond had […]