Entries by Wally Graham

Blackthorn Resources to fly solo after BHP withdrawal

THE BOURSE WHISPERER: Blackthorn Resources has found out that its major Joint Venture partner BHP Billiton intends to withdraw from direct involvement in the Mumbwa JV Project in Zambia. Not all is lost for the junior member of the partnership however, as under the terms of the JV agreement BHP will assign its interest to […]

Laconia lines up Pilbara portfolio

A lot of junior resources companies claim to be flying under the market radar but there are times when you actually have to ask if that radar is really turned on. One case in point is Perth-based base metals explorer Laconia Resources. Having listed in 2009 Laconia has put together an impressive portfolio of advanced […]

Gold Road welcomes third drill rig

THE DRILL SERGEANT: A third drill rig has arrived at the Yamarna Gold Belt of Perth-based Gold Road Resources to accelerate the current exploration program underway at Hann, Central Bore, Justinian and Attila gold projects. The Yamarna Belt is located 140 kilometres east of Laverton on the eastern Goldfields of Western Australia. The new RC […]

Musgrave Minerals moves on Moorilyanna

THE DRILL SERGEANT: Mineral explorer Musgrave Minerals has commenced a program of aircore drilling at its 100% owned Moorilyanna project. Moorilyanna is located on the eastern edge of the Musgrave Geological Province and sits just 40 kilometres west of the Stuart Highway and Adelaide to Darwin railway line, in South Australia. The aircore drilling program […]

ERO Mining on the search for lithium

THE DRILL SERGEANT: ERO Mining has commenced an initial sonic drilling program at its Wertaloona lithium project adjacent to the Frome saltpan in central-northern South Australia. The commencement of the program comes after the company received Aboriginal Heritage clearance with the Adnyamathanha people, The Wertaloona project is part of two exploration licences ERO procured via […]

Western Australian State Treasurer raises royalties

The recent Federal Budget handed down by Treasurer Wayne Swan hardly raised a heckle on the collective neck of the Australian mining industry. Oddly enough that privilege was left to Western Australian Treasurer Christian Porter in handing down his first budget for the mining boom state. One feature of the budget that poked its head […]

Winmar Resources eyes acquisition of Hamersley iron project.

THE BOURSE WHISPERER: Iron ore hopeful Winmar Resources has executed a variation agreement with Cazaly Iron, a wholly owned subsidiary of Cazaly Resources, to vary the Farm-in Heads of Agreement the companies had entered into in October 2010. Winmar currently holds an entitlement to earn into a 51% interest of the Hamersley iron project and […]

Auzex tells GGG – Cut the Bullabulling

THE BOURSE WHISPERER: AIM-listed GGG Resources has completed its listing on the ASX but not everybody is celebrating. GGG Resources’ principal asset is its 50/50 joint venture with Auzex Resources at the 1,982,000 ounce gold JORC Inferred Resource Bullabulling gold project. Bullabulling is located 65 kilometres south west of Kalgoorlie, Western Australia in the highly […]

Troy Resources steps-out high-grade intercept

THE DRILL SERGEANT: Perth-based gold producer Troy Resources recently completed drilling of a step-out hole from the high grade Inca Vein Intercept (14.70 metres at 26.24 grams per tonne gold equivalent from 342.5m) the company reported in late April. The news from the latest hole is that it intercepted the Inca Vein about 100m southeast […]