THE BOURSE WHISPERER: BCD Resources (ASX: BCD) and Malachite Resources (ASX: MAR) have agreed to strike up a Joint Venture for the development of the Lorena gold mine following the successful completion of due diligence by both parties. The JV will follow the terms announced by the companies under a Heads of Agreement in November […]
THE BOURSE WHISPERER: Polymetals Mining (ASX: PLY) and Southern Cross Goldfields (ASX: SXG) have agreed to combine the two companies to create a new Australian gold company. The merged entity will result in a gold company with a combined Mineral Resource inventory of 1.69 million ounces, as well as encouraging exploration upside and an […]
THE DRILL SERGEANT: Horseshoe Metals (ASX: HOR) is set to re-commence diamond drilling on the company’s 100 per cent-owned Horseshoe Lights copper-gold project, located in the Peak Hill Mineral Field of Western Australia. The company outlined the aims of its 2013 drilling programs at Horseshoe Lights will be to test for high grade copper-gold zones, […]
THE BOURSE WHISPERER: Centaurus Metals (ASX: CTM) has secured the key Installation Licence (LI) for the company’s Jambreiro iron ore project in south-east Brazil, clearing the way for on-site construction to proceed. The granting of the LI – following approval of the Project’s Environmental Control Plans (PCA) – has been achieved ahead of schedule, […]
THE BOURSE WHISPERER: MZI Resources (ASX: MZI) has secured the remaining landowner agreements it needs to start development of the company’s Keysbrook Mineral Sands project in the south-west of Western Australia. The agreements, which have been made with three landowners, give MZI the right to access and mine minerals on the properties involved. One of […]
THE BOURSE WHISPERER: Brockman Mining (ASX: BCK) has announced the completion of the first phase of an Alliance study, being conducted in conjunction with Aurizon Operations and Atlas Iron (ASX: AGO). The study is evaluating a new, independent, multi-party railway to connect iron ore mines in the East Pilbara to Port Hedland. Brockman said the […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. PMI appoints chairman / non-executive director PMI Gold Corporation (ASX:PVM) has appointed James (Jim) Askew as chairman and non-executive director. Askew is a mining engineer with international experience as a chairman, chief executive officer and director for […]
Perth-headquartered Trafford Resources (ASX: TRF) is eyeing 2013 as the year the company comes of age, seven years after listing on the Australian stock market. By Rebecca Lawson This is the year one of the company’s many investments, the Wilcherry Hill iron ore mine, will come into production, while the Twin Peaks and Moorarie projects […]
IPO WATCH: Companies scheduled to list soon on the boards of the Australian Securities Exchange. Longreach Resources Limited Proposed ASX code: LOR Proposed listing date: 22 April 2013 Longreach Resources is seeking to raise up to $3.5 million through the issue of 17.5 million shares at an issue price of 20 cents each. The aim […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Troy Resources Ltd (ASX: TRY) Troy’s friendly scrip-bid for Azimuth Resources (ASX: AZH) shows a degree of pragmatism that should hopefully be increasingly replicated in the small resources sector in our view. Whilst prima facie the implied offer (approx. $188 million […]
