THE DRILL SERGEANT: Hannans Reward (ASX: HNR) has completed a review of recently uncovered historic copper-gold drilling results from the company’s 100 per cent-owned Pahtohavare project, located in northern Sweden. Highlights of the review include: – 9.18 metres at 5.25 per cent copper and 0.23 grams per tonne gold from 115 metres; – 46m at […]
THE BOURSE WHISPERER: Kupang Resources (ASX: KPR) has announced its Kupang Joint Venture (KPR: 55 per cent) in the Indonesian province of Nusa Tenggara Timur in West Timor has obtained the necessary approvals to allow crushing, screening, blending and stockpiling of raw manganese ore at its Kupang processing site. Approval has been given by the […]
THE BOURSE WHISPERER: Rail and logistics company Aurizon (ASX: AZJ) has signed a new long-term, performance-based coal haulage contract with Xstrata Coal, to haul coal from the Rolleston mine in central Queensland to RG Tanna Terminal in Gladstone and the new Wiggins Island Coal Terminal (WICET), which is under construction near Gladstone. Aurizon said the […]
THE INSIDE STORY: Sometimes putting the cart before the horse can be a smart way of operating, especially when your cart is the only suitable operating gold processing facility in the area. Octagonal Resources (ASX: ORS) has achieved a rare feat by attaining the status of gold producer before commencing mining activities at any of […]
THE DRILL SERGEANT: Rox Resources (ASX: RXL) has received further assays from the company’s Camelwood nickel sulphide prospect at Fisher East, north of Kalgoorlie in Western Australia. Assays results for RC drilling at Camelwood (above a 1 per cent nickel cut-off) included: Hole MFEC010: 22 metres at 1.42 per cent nickel from 118 metres, including […]
THE DRILL SERGEANT: Dacian Gold (ASX: DCN) has received results from an ongoing broad spaced diamond drilling program testing for resource extensions at the south end of the Westralia BIF hosted gold deposit. The Westralia deposit is located within the company’s 100 per cent-owned Mt Morgans gold project in Western Australia. Results include: – […]
THE BOURSE WHISPERER: Blackthorn Resources (ASX: BTR) has received good news from its Joint Venture partner Glencore International. Glencore has indicated it will provide an additional US$80 million in equity funding to complete construction and commissioning of the Perkoa zinc project in Burkina Faso and fund projected costs until the project becomes self-funding. The previous […]
THE BOURSE WHISPERER: Rex Minerals (ASX: RXM) has completed a review of the company’s 100 per cent-owned Hillside copper project in South Australia as it moves closer to commencing a Bankable Feasibility Study later in the year. Rex said the recent work has focussed on optimising the production profile and start-up capital costs identified in […]
THE BOURSE WHISPERER: Bulletin Resources (ASX: BNR) has received the nod for a $600,000 funding commitment (before costs) via a share placement at an average issue price of 55 cents per share, representing a 22 per cent premium to the company’s closing share price on 11 March 2013. The placement is for approximately 10.9 million […]
THE BOURSE WHISPERER: Sovereign Gold (ASX: SOC) has made an offer for the full acquisition of unlisted company Gossan Hill Gold. The attraction for Sovereign Gold is Gossan Hill’s numerous gold prospects located in New South Wales “The acquisition of Gossan Hill provides multiple benefits for the company, including an expanded exploration footprint in New […]
