THE BOURSE WHISPERER: Gindalbie Metals (ASX: GBG) has announced an approximate $62 million equity raising. The raising comprises a $40 million fully underwritten placement to institutional and sophisticated investors and a proposed additional conditional placement of approximately $22 million to the company’s major shareholder Ansteel, maintaining its approximate 36 per cent equity interest in Gindalbie. […]
UPCOMING FLOATS: Who’s due to list on the ASX this week and what they’re all about. Zeus Resources Limited Proposed ASX Code: ZEU Proposed Listing Date: 6 December 2012 Zeus Resources has obtained a cornerstone investment from Zhengyuan International Mining Co. Ltd, which is a wholly-owned subsidiary of Chinese State Owned Enterprise, China Metallurgical Deology […]
THE DRILL SERGEANT: Taruga Gold (ASX: TAR) recently commenced a program of exploration activities at the company’s Kossa project in Niger, West Africa. The exploration program is designed to continue testing the Borobon prospect, which is situated within the Kossa project, in preparation for a maiden resource estimate. Borobon prospect drill results and gold […]
THE DRILL SERGEANT: Newly-listed base metals exploration play Metals of Africa (ASX: MTA) has received assay results for an initial rock chip sampling program it recently carried out at the Meque and Cocodeza prospects within the company’s 100 per cent-owned Rio Mazoe project, located in Tete Province of Mozambique. Metals of Africa said the results […]
THE BOURSE WHISPERER: Aqua Guardian Group (AGG), a 79.2 per cent-owned subsidiary of emerging power producer Wasabi Energy (ASX: WAS) has completed its first mine site sale and deployment in Western Australia with AngloGold Ashanti Australia (ASX: AGG). Anglo Ashanti Australia (AGAA) has taken the lead on environmental excellence in water management by signing an […]
THE BOURSE WHISPERER: Peak Resources (ASX: PEK) has reported the development of a process to physically upgrade rare earth mineralisation at the company’s Ngualla rare earths project in Tanzania. The company has used a combination of Wet High Gradient Magnetic Separation (WHGMS) and a specialised flotation regime, which it claims has demonstrated 38 per cent […]
A maiden Resource with the promise of more to come has emerging copper play Ventnor Resources (ASX: VRX) looking forward to a very happy 2013. For those unfamiliar with the Ventnor story the company’s flagship is the Thaduna/Green Dragon copper project. The project consists of the Thaduna copper mine located 175 kilometres north of the […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe Celamin Holdings NL (ASX: CNL) Celamin Holdings NL is focused on the exploration and development of resource projects in North Africa, initially in Tunisia and Algeria. The company’s immediate focus is the advanced Chaketma phosphate project (CNL 80 per cent, […]
THE BOURSE WHISPERER: Wave energy developer, Carnegie Wave Energy (ASX: CWE) has completed a $5.8 million funding initiative for the company’s Perth Wave Energy project (PWEP), from a combination of Government and private funding. Carnegie has secured agreement from the Government of Western Australia for a redistribution of the Low Emissions Energy Development (LEED) grant […]
THE BOURSE WHISPERER: Kimberley Rare Earths (ASX: KRE) has entered into a convoluted transaction that will result in the company acquire 100 per cent of the Big Springs gold project located in Nevada, in the United States of America. Stay with us on this – it is circuitous. Kimberley Rare Earths has signed a binding […]
