THE BOURSE WHISPERER: The South Australian Chamber of Mines and Energy (SACOME) has welcomed South Australian budget announcements of $6 million over four years to support a Mining and Petroleum Services Centre of Excellence; an additional $4 million over two years to extend the PACE initiative; and over half a million to fund an Eyre […]
ONE OFF THE WOOD: Predictive Discovery (ASX: PDI) managing director Paul Roberts dropped by to tell us how the company is progressing at its gold prospects in eastern Burkina Faso. You recently announced drilling and metallurgical results from your Bongou prospect, what light do they shed on the Predictive Discovery story? The Predictive Discovery […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Adelaide Resources (ASX: ADN) Adelaide Resources is currently advancing exploration at the Alford West prospect within the Moonta project area. Broad widths of high grade copper and gold mineralisation have been intersected at shallow depths, highlighting the prospectivity of this target. […]
Iron ore continues to be in the news in a major way. There are arguments and counter-arguments with respect to the near to medium-term price outlook, with varying degrees of optimism and scepticism. If you read some of the reports about in the financial press you could be forgiven for thinking that the iron ore […]
THE DRILL SERGEANT: Red Mountain Mining (ASX: RMX) has planned its next stage of diamond drilling to test the Pica and Japanese Tunnel high-grade gold discoveries at the Lobo prospect, situated within the company’s Batangas project in the Philippines. “We are looking forward to completing the current Rights Issue then commencing drilling to test these […]
THE DRILL SERGEANT: Mamba Minerals (ASX: MAB) drilled a wider than expected intersection from the CLC hematite iron ore discovery at the company’s Snelgrove Lake project in Canada’s Labrador Trough. A third diamond drill hole at CLC has returned a 90 metre hematite intersection. The hole remained in hematite when drilling was stopped due to […]
THE DRILL SERGEANT: Dart Mining (DTM: ASX) has reported on a deep drilling program it currently has underway at the company’s Unicorn molybdenum-copper-silver deposit in Victoria. Dart said the deep drilling program was designed to test the continuity of Unicorn’s mineralisation beyond the boundaries of the current JORC Resource. The deep drilling has intersected several […]
THE DRILL SERGEANT: Equus Mining (ASX: EQE) has received assay results it claims have confirmed the east-dip of copper mineralisation that was intersected in the first three drill holes completed at the company’s Yerba project in Chile, South America. In its announcement to the ASX, Equus explained the holes are part of an initial 5,000m […]
THE BOURSE WHISPERER: It’s winter time, which means waking the market out of its current bearish hibernation will be a very difficult task. It’s no secret resources have copped a fairly hard time over recent months, which has been brought on by falling commodity prices, in particular iron ore, worries that the growth of the […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. Appointment and resignation of company directors RMG Limited (ASX: RMG) has appointed Michael Griffiths as a non – executive director. Griffiths is president of TSX-V listed Currie Rose Resources INC, non- executive director of ASX-listed Tiger […]
