THE BOURSE WHISPERER: Western Australia-focused gold explorer Aruma Resources (ASX: AAJ) has agreed to raise up to approximately $2.5 million by way of a placement of up to 50 million shares at a price of 5 cents per share. The Placement is being made to professional and sophisticated investor clients of BBY Limited, which is […]
THE DRILL SERGEANT: Red Mountain Mining (ASX: RMX) has continued its run of news from ongoing drilling being conducted at the company’s Batangas gold project, located 100 kilometres south of Manila in the Philippines. Recent drilling on the West Drift epithermal lode system has extended the high-grade gold zone at the Lobo prospect, situated within […]
THE DRILL SERGEANT: MZI Resources (ASX: MZI) has increased the Mineral Resources at the company’s Keysbrook mineral sands project in Western Australia by 60 per cent to 78.9 million tonnes at an average grade of 2.5 per cent Total Heavy Mineral (THM). The increase follows the company undertaking the re-evaluation of permits, agreements and approvals. […]
THE BOURSE WHISPERER: Blackham Resources (ASX: BLK) has completed preliminary feasibility metallurgical testwork and Process Design Criteria (PDC) at the company’s Matilda gold project in Western Australia. The completed work is the company’s second phase of metallurgical study. The independent PDC report has concluded the overall plant recovery based on the Matilda mining scoping study […]
THE BOURSE WHISPERER: Convergent Minerals (ASX: CVG) has upgraded the gold resource at the company’s 80 per cent-owned Van Uden project. Gold resources at the company’s two development projects within its Mt Holland Goldfield holding, Van Uden and Blue Vein, now total 603,000 ounces of gold. The upgrade brings the total resources at Mt Holland […]
THE DRILL SERGEANT: White Rock Minerals (ASX: WRM) has intersected a large zone of shallow gold mineralisation at the Red Rock prospect in northern New South Wales. The Red Rock prospect is located on mining leases sitting 15 kilometres from the existing 23.3 million ounce silver and 0.28 million ounce gold Resource base on the […]
THE DRILL SERGEANT: Northern Star Resources (ASX: NST) has increased resources at the company’s Ashburton gold project in Western Australia by 66 per cent. The new Ashburton resource has come in at 21.3 million tonnes at 2.4 grams per tonne gold for 1.67 million ounces of gold. Northern Star said the increased inventory underpins the […]
THE BOURSE WHISPERER: Resource sector services company Sedgman (ASX: SDM) has scored a contract to Engineer, Procure and Construct (EPC) a new processing plant for Montreal-based La Mancha Resources’ Mungari gold project near Kalgoorlie in Western Australia. The value of the EPC work to be completed by Sedgman is approximately $90 million from the total […]
THE BOURSE WHISPERER: Corazon Mining (ASX: CZN) has raised funds via a Share Purchase Plan and subsequent Shortfall Placement. The Share Purchase Plan, which closed last Friday, raised approximately $600,000 from existing shareholders. The SPP raised interest from other investors, which resulted in the company placing the shortfall from the SPP for approximately $900,000. Corazon […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Alligator Energy (ASX: AGE) Alligator Energy (ASX: AGE) is a cashed-up, aggressive uranium exploration company with a large strategic acreage position in one of the world’s best uranium provinces, the Northern Territory’s Alligator Rivers region. Alligator has conducted extensive drill programs […]
