Rox Resources (ASX: RXL) has received further good news from drilling being carried out at the company’s Camelwood nickel sulphide prospect at Fisher East, located north of Kalgoorlie in Western Australia. Diamond drilling at Camelwood has returned results including: – 1.2 metres at 5.2 per cent nickel of massive sulphide, including 0.7 metres at […]
Madagascar is a country associated with the wildly successful animation film of the same name, but unlike animals trying to escape, Australian company Austral Resources is keen to stay. By Rebecca Lawson A curiosity to find out what Madagascar had to offer led chief executive Scott Reid and director Wayne Kernaghan to cross the Mozambique […]
THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has released the first results achieved from recent drilling carried out at the M4 deposit at the company’s Matilda gold project in Western Australia. Blackham is currently drilling at the Matilda Mining Centre focussing on the M1, M2, M3 and M4 deposits. Drill hole location plan. Source: […]
THE BOURSE WHISPERER: Australian Bauxite (ASX: ABZ) has executed a term sheet with major Chinese aluminium company, Xinfa Group for two State-Significant bauxite projects. The parties have commenced an exclusive negotiation and due diligence period (Exclusivity Period) to finalise formal agreements. Australian Bauxite (ABx) and Xinfa have agreed to commercial terms with respect to […]
THE BOURSE WHISPERER: Merah Resources (ASX: MEH) has entered into two separate agreements with Castle Minerals (ASX: CDT) to acquire 100 per cent of Castle’s interests in the Antubia and Kong gold projects in Western Ghana. Under the terms of the agreements, Merah is to issue up to six million shares to Castle for each […]
THE DRILL SERGEANT: KBL Mining (ASX: KBL) has identified additional copper-gold mineralisation via recent diamond drilling undertaken on the Red Terror deposit at the company’s Mineral Hill mine in central New South Wales. Results from the recent drilling at Red Terror include: – 7m at 3.3 per cent copper and 0.5 grams per tonne gold […]
THE DRILL SERGEANT: Mamba Minerals (ASX: MAB) has claimed discovery of a new hematite discovery via diamond drilling currently underway at the company’s Snelgrove Lake iron project in Canada. Mamba said the discovery hole, which still is being drilled, intersected 275 metres of hematite ore. At current down-hole depth, geotechnical assessment has confirmed that the […]
THE DRILL SERGEANT: Renaissance Minerals (ASX: RNS) has completed a program of shallow RC drilling to test for gold mineralisation to the north and north-east of the Okvau deposit, part of the company’s 100 per cent-owned Cambodian gold project. Renaissance explained the main lodes of mineralisation at Okvau strike to the north-east. The company had […]
THE BOURSE WHISPERER: Energia Minerals (ASX: EMX) has recommended its shareholders firmly reject the recent unsolicited offer by Cauldron Energy (ASX: CXU) to acquire all the company’s shares. Cauldron offered Energia shareholders one Cauldron share for every eight Energia shares held. Energia’s substantial shareholders, who together hold 48.19 per cent of the issued capital of […]
THE BOURSE WHISPERER: Northern Minerals (ASX: NTU) has locked in $4 million of interim funding through an interest free, non-recourse loan from ACIIG. The company said the loan allows it to commence an extensive drilling program at the company’s Browns Range Heavy Rare Earth project while it waits on the completion of a $58 million […]
