It is morning. Day one: 2012 Diggers and Dealers conference in Kalgoorlie. Delegates are either enjoying an early breakfast or nursing a ‘gone out too hard too early’ hangover. Silver Lake Resources (ASX: SLR) managing director Les Davis fits neither category. He literally bounds toward the Kalgoorlie Arts Centre eager to spread his news. “Have […]
THE DRILL SERGEANT: Hot Chili (ASX: HCH) has almost doubled the resource at the company’s Productora copper project in Chile. The resource at Productora now stands at 165.2 million tonnes at 0.6 per cent copper, 0.1 grams per tonne gold and 132 grams per tonne molybdenum for 920,000 tonnes of copper, 590,000 ounces of gold […]
THE DRILL SERGEANT: Trafford Resources (TRF: ASX ) has claimed a high-grade direct shipping ore (DSO) hematite discovery on receipt of assay results from the first four drill holes of a drilling program on the company’s Twin Peak iron ore project northeast of Geraldton, Western Australia. The company claimed it had encountered extensive widths of […]
THE BOURSE WHISPERER: Clancy Exploration (ASX: CLY) has agreed to sell the company’s Joint Venture interests in six copper-gold projects in New South Wales to its joint venture partner, Gold Fields Australasia. Gold Fields Australasia is wholly-owned subsidiary of Gold Fields Limited. Clancy will receive a total of $1.5 million from a combination of the […]
THE BOURSE WHISPERER: Hannans Reward (ASX: HNR) has received results of a recently completed Scoping Study for the company’s Rakkurijoki iron deposit in Sweden. According to Hannans the Scoping Study has determined the Rakkurijoki deposit to have the potential to supply iron product over a 12 year mine life, at a premium price, to the […]
THE DRILL SERGEANT: Monax Mining (ASX: MOX) is kicking off a 70-hole drill program this week at the company’s 100 per cent-owned Waddikee graphite project on the Eyre Peninsula of South Australia. The drilling will focus on four target areas Monax identified during a recent ground electromagnetic (EM) survey. Monax recently completed ground EM surveys […]
THE BOURSE WHISPERER: Rio Tinto (ASX: RIO) has welcomed the Australian Competition Tribunal’s decision that the company should not be required to allow third party users to play with its Hamersley and Robe rail lines train set. “This is great news,” Rio Tinto iron ore acting chief executive Paul Shannon said in the company’s brief […]
THE BOURSE WHISPERER: Kupang Resources (ASX: KPR) announced to the market the Kupang Joint Venture, in which the company holds a 55 per cent interest, has completed the acquisition of additional land in the Belu District, on the island of Timor in Indonesia. In November 2012, Kupang entered into a binding term sheet to acquire […]
THE BOURSE WHISPERER: Winmar Resources (ASX: WFE) has earned a 51 per cent interest in the Hamersley iron ore project. Once all the necessary paperwork has been attended to the Winmar Exploration Joint Venture will be formed, in respect of the Hamersley project between Winmar and Cazaly Iron, which is a wholly owned subsidiary of […]
THE BOURSE WHISPERER: Apollo Minerals (ASX: AON) and Mincor Resources (ASX: MCR) have settled on the terms of an exploration farm-in and joint venture agreement over exploration licence EL4932 in South Australia. Apollo is currently developing an iron ore operation at Commonwealth Hill and is busy exploring the project area for further iron and […]
