THE DRILL SERGEANT: Coffey Mining is about to commence a new resource estimate for Energia Minerals (ASX: EMX) at the company’s 100 per cent-owned Nyang uranium project in Western Australia. The work for the estimate is scheduled to kick off in mid-January following Energia receiving encouraging results from a recently-completed aircore drilling program. Energia has […]
THE BOURSE WHISPERER: Korab Resources (ASX: KOR) responded to queries regarding the sale of the Winchester magnesite deposit the company announced to the market on 31 December 2012. Korab is selling the Winchester magnesite deposit, which is a small section – covering approximately 2 per cent – of the overall area of the company’s Batchelor […]
THE BOURSE WHISPERER: Discovery Metals (ASX: DML) has hit a temporary roadblock to ore milling at the company’s Boseto copper project in Botswana. The interruption has been caused by the failure of a bearing in the ball mill gearbox, which was detected on 24 December. The company originally anticipated the shutdown would be for a […]
THE BOURSE WHISPERER: Atlas Iron (ASX: AGO) has commenced production at the company’s third Pilbara iron ore mine, Mt Dove, located 65km south of Port Hedland in Western Australia. Atlas considers the commencement of production at Mt Dove to be a major steppingstone towards achieving the company’s near-term Horizon 1 production target of 12 million […]
THE DRILL SERGEANT: Ramelius Resources has intersected further high-grade gold mineralisation by way of RC and diamond drilling being carried out at the company’s Water Tank Hill prospect. The Water Tank Hill project is located at the company’s 100 per cent-owned Mt Magnet mine in the Murchison Province of Western Australia. Results received from drilling […]
THE BOURSE WHISPERER: Power producer Wasabi Energy (ASX: WAS, AIM: WAS) has paid approximately US$5.6 million on behalf of Wasabi New Energy Asia (WNEA) for the first payment to purchase 50.5 per cent of Shanghai Shenghe New Energy Resources Science & Technology (SSNE). SSNE is the licensee for Wasabi Energy’s Kalina Cycle for China, Macau, […]
THE BOURSE WHISPERER: Silver Stone Resources (ASX: SSZ) has entered into an implementation agreement to acquire 100 per cent of the issued capital of unlisted company OreCorp Limited. OreCorp holds various interests in gold and base metals projects located in Ethiopia and Mauritania. Source: Company announcement OreCorp’s key projects are the Yubdo […]
THE BOURSE WHISPERER: Mithril Resources (ASX: MTH) has signed a Farm-in and Joint Venture Letter Agreement with KalNorth Gold Mines (ASX: KGM). The deal will result in Mithril earning up to an 80 per cent interest – by completing expenditure of $2 million over 4 years – in the Spargoville gold project, which is located […]
THE BOURSE WHISPERER: Australian-American Mining (ASX: AIW) has identified a new copper VMS target on recently-staked ground one kilometre north of the company’s Bluebell mine in Arizona. The Bluebell North target was identified during the ongoing interpretation of a data package the company acquired in October this year. The data recovered and interpreted includes: – […]
THE DRILL SERGEANT: Ausgold Limited (ASX: AUC) has released a maiden JORC code-compliant Mineral Resource Estimate for the company’s Katanning gold project in Western Australia. Using a cut-off grade of 0.7 grams per tonne, the Resource has been estimated at 10.4 million tonnes averaging 1.21g/t gold for a contained 403,000 ounces of gold. The Measured […]
