THE BOURSE WHISPERER: IMX Resources (ASX: IXR) (TSX: IXR) has entered into a non-binding heads of agreement (HoA) with OZ Minerals (ASX: OZL). The HoA covers the proposed sale of IMX’s 49 per cent interest in the Mt Woods copper-gold Joint Venture to OZ Exploration, a wholly owned subsidiary of OZ Minerals. IMX and OZ […]
THE BOURSE WHISPERER: Burkina Faso trailblazers Gryphon Minerals (ASX: GRY) has raised $31.3 million via an institutional share placement to allow the advancement of the company’s Banfora gold project. Gryphon will issue 52.2 million fully paid ordinary shares to existing and new Australian, European and North American institutional investors at an issue price of 60 […]
THE BOURSE WHISPERER: Specialty metal exploration and development company Wolf Minerals (ASX: WLF) (AIM: WLFE) has received an updated and increased credit approval from UniCredit Bank AG (UniCredit Corporate & Investment Banking), ING Bank N.V. and Caterpillar Financial SARL. The amount of credit that has been approved is for £75 million ($115 million) in senior […]
THE DRILL SERGEANT: Syndicated Metals (ASX: SMD) has kicked off the next phase of exploration at the company’s Mt Isa copper-gold projects in North Queensland. The exploration program is to include follow-up diamond drilling at the recently-discovered Yamamilla copper prospect. Syndicated Metals’ Mount Isa copper-gold projects, showing northern and southern project hubs. Source: Company […]
THE DRILL SERGEANT: International Goldfields (ASX: IGS) informed the market in October of its intentions to enter into a conditional Binding Heads of Agreement with US-based, Santa Fe Gold Corporation that will combine the companies. In connection with anticipated merger, Santa Fe has delivered to IGS a recently-completed independent review of historical drilling, sampling and […]
THE BOURSE WHISPERER: Stratum Metals (ASX: SXT) has signed two separate binding Heads of Agreement for the option to acquire, what the company described to be, ‘a unique portfolio’ of tenements located in the historic East Menzies Goldfield of Western Australia. Stratum said proceeding with the acquisition will provide it with potential for early cash […]
ONE OFF THE WOOD: We welcomed Monteray Mining (ASX: MRY) director John Hannaford to the front bar this week as he settled in to tell us how exciting exploring for gold in Burkina Faso can be. There are a lot of companies in Burkina Faso these days, where does Monteray Mining fit in amongst […]
WHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe Rox Resources (ASX: RXL) Rox Resources’ exploration efforts are currently focused on the Mt Fisher gold and nickel exploration project, located in WA. A small JORC resource of approx. one million tonnes at 2.75g/t gold for around 86,000 ounces of […]
Mutiny Gold (ASX: MYG) entered the realm of serious gold play contenders in 2011 after acquiring a 100 per cent interest of the Gullewa tenements in Western Australia. The Gullewa tenements host Mutiny’s Deflector gold and copper project – which, after years in dry-dock is soon to launch at full sail. Mutiny originally acquired an […]
THE DRILL SERGEANT: The news keeps getting better for Peel Mining (ASX: PEX) with its most recent drillhole, MBDD009, returning very strong copper mineralisation at the company’s Mallee Bull project in New South Wales. The company’s latest drillhole has intersected a broad zone of stringer/breccia sulphide mineralisation from 533m to 602m (69m) including an 18m […]
