MINING BUSINESS MEDIA: The cost cutting/optimisation regime imposed by Paladin throughout its African uranium operations seems to be paying off. Mark Mentiplay of Mining Business Media reports Record nine month production and lower costs at its two African uranium operations keep Australian miner Paladin Energy on track for 8 million pounds to 8.5 million pounds […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Forge Group Ltd (ASX: FGE) ($5.89, Mkt Cap $507 million) We recently caught up with Forge management and were impressed with managing director David Simpson who gave a measured and articulate presentation. We posited the key concerns of project curtailment and […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. FEASIBILITY STUDY RESTRUCTURE Following completion of a Feasibility Study, Venturex Resources (ASX: VXR) has streamlined its operations with some head office administrative restructuring. This has resulted in non-executive directors Allan Trench and John Nitschke retiring from the […]
THE BOURSE WHISPERER: Kalgoorlie Goldfields neighbours Norton Gold Fields (ASX: NGF) and Kalgoorlie Mining Company (ASX:KMC), have signed a Bid Implementation Deed (BID) pursuant under which Norton will make a friendly off-market takeover offer to acquire all Kalgoorlie Mining company shares. The offer is for of 0.054 Norton shares and 0.054 Norton options (exercisable at […]
THE BOURSE WHISPERER: Once again The Roadhouse’s inbox has been inundated with quarterly reports this season. Here’s a random selection of what companies had to say. SARACEN MINERAL HOLDINGS (ASX: SAR) Record Quarter Gold Production • Record Quarter Production – 36,430 ounces at cash cost of $991 per ounce; • Mill grade plus 2 grams […]
THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has completed a detailed ground gravity survey at the company’s Top Up Rise project in Western Australia, which has confirmed the TUR gravity feature as a significant geophysical anomaly. The defined size of the anomaly has increased, to now cover an area measuring 10 kilometres by 6 kilometres […]
THE DRILL SERGEANT: Hot Chili (ASX: HCH) has recorded its widest high-grade drill result to date at the company’s Productora copper project in Chile. The drill result from the eastern flank of the central resource area at Productora returned: – 64m at 1.9 per cent Copper Equivalent (1.5 per cent copper, 0.4 grams per tonne […]
THE BOURSE WHISPERER: Orinoco Gold (ASX: OGX) has doubled the size of its ground position in the Faina Goldfields of central Brazil. The deal involves no upfront payments, which Orinoco claims adds immediate value for the company by delivering an increase to the strike length of the prospective Eliseo project while also introducing several new […]
THE BOURSE WHISPERER: Venturex Resources (ASX: VXR) is set to chock up its coffers via a $6.4 million fund raising. The company has announced it is undertaking a placement of 60 million shares at two cents per share to one of its significant shareholders, Henghou Industries (Hong Kong) Limited to raise $1.2 million. Venturex is […]
THE DRILL SERGEANT: Winmar Resources (ASX: WFE) has released more high-grade intersections of iron mineralisation from the latest phase of drilling completed at the company’s Hamersley iron project in the Pilbara region of Western Australia. Winmar completed a 13 hole RC drilling program at the Hamersley project in November 2012 and has now received all […]
