THE BOURSE WHISPERER: Aquila Resources (ASX: AQA) and its joint venture partner in the West Pilbara iron ore project, AMCI have not been able to reach agreement on a proposed budget for the 2012/2013 financial year. The dispute had earlier been referred to arbitration in September 2012, in accordance with the dispute resolution procedures of […]
THE BOURSE WHISPERER: Fortescue Metals Group (ASX: FMG) and Iron Ore Holdings (ASX: IOH) have reached agreement on the early termination of Fortescue’s exclusive option on Iron Valley and the farm-in right over the Maitland River project. “The joint decision was primarily based on the current development focus of each company following recent market volatility […]
THE BOURSE WHISPERER: Equatorial Resources (ASX: EQX) has defined a 767 million tonne maiden Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Mayoko-Moussondji iron project located in the south-west of the Republic of Congo. The total MRE of 767 million tonnes at 31.9 per cent iron comprises an Indicated and Inferred Hematite Resource […]
THE BOURSE WHISPERER: Blackham Resources (ASX: BLK) has locked in a $13 million funding package for the company’s 100 per cent-owned Matilda gold project in Western Australia. The Matilda gold project has 1.5 million ounces of gold resources. Blackham has signed a deal with Great Central Gold, a private company run by mining industry identity […]
THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has outlined the company’s exploration strategy for 2013. The company said it is embarking on an aggressive exploration campaign aimed at unlocking the potential it believes sits within its portfolio of Western Australian projects. Pioneer acquired the remainder of the Golden Ridge nickel and gold project (PIO 100 […]
THE DRILL SERGEANT: Southern Hemisphere Mining (ASX: SUH, TSX-V: SH) has received encouraging drilling results from the company’s Llahuin copper/gold project in central Chile. The company is currently conducting an accelerated drilling at the Llahuin project, results from which so far have highlighted potential to grow the current resource inventory. Location map showing the […]
THE BOURSE WHISPERER: Golden Rim Resources (ASX: GMR) has executed an agreement with Burkinabe company Epsilon Gold Mines to acquire 90 per cent of the Korongou gold project in Burkina Faso. The transaction is subject to the finalisation of Golden Rim’s due diligence, although this is expected to be completed by mid-February 2013. The project […]
THE BOURSE WHISPERER: Nimrodel Resources (ASX:NMR) has implemented its first diversification strategy into copper. The company has executed a First Heads of Agreement for the right to acquire a 75 per cent interest of a Prospecting Licence application in the copper mining area of Kigoma in western Tanzania. General location of Prospecting Licence. Source: […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe Empire Resources (ASX: ERL) Empire’s flagship Yuinmery project currently hosts the Just Desserts deposit with a JORC (Indicated and Inferred) resource of 1.07 million tonnes at 1.82 per cent copper and 0.8 grams per tonne gold. The nearby ‘A Zone’ prospect, […]
THE DRILL SERGEANT: Stratum Metals (ASX: SXT) has completed a review of recent broad-spaced geochemical sampling on data from to completed in 2001 on part of the company’s East Menzies Goldfield project in Western Australia. According to Stratum the review has delineated the presence of several high-order, large scale nickel soil anomalies within a mineralised […]
