THE DRILL SERGEANT: After raising $5.7 million via a placement and entitlement issue to eligible shareholders, Impact Minerals (ASX: IPT) t has commenced drilling at the Xade copper-nickel-PGE project. Impact Minerals is earning a 51 per cent stake in the project. The Xade project covers a poorly explored gabbro intrusion in central Botswana. Location […]
THE DRILL SERGEANT: Horseshoe Metals (ASX: HOR) has received results from exploration activities being conducted at the company’s 100 per cent-owned Kumarina copper project and Horseshoe Lights copper/gold project in Western Australia. The company has completed its latest phase of Reverse Circulation percussion (RC) drilling at the Kumarina project with drilling undertaken in the Rinaldi, […]
THE BOURSE WHISPERER: Poseidon Nickel (ASX: POS) has received the nod of conditional approval from Western Australia Premier Colin Barnett to recommence nickel mining at the Mt Windarra site in the North Eastern Goldfields of Western Australia. The application included all of the necessary environmental and infrastructure approvals, which Poseidon indicated have been assessed by […]
THE BOURSE WHISPERER: Apollo Minerals (ASX: AON) has received the results of a recently completed Scoping Study for the development of the Sequoia deposit at the company’s 100 per cent-owned Commonwealth Hill iron ore project in South Australia. The Scoping Study demonstrates the project is set to be economically and technically viable. The study examined […]
THE BOURSE WHISPERER: The market capitalisation of Western Australian ASX-listed companies continued their upward trajectory during October according to Deloitte. Deloitte’s WA Index increased 1.8 per cent during the month to close at $145.38 billion. Given all the bad iron ore news filtering around the sector it is something of a surprise to see iron […]
THE BOURSE WHISPERER: Northern Minerals (ASX: NTU) has raised $5 million through a share placement. The company said it intends using the finds to develop its Browns Range Heavy Rare Earth (HRE) project in northern Australia. Northern Minerals indicated it is currently working towards the announcement of a maiden JORC resource at the Wolverine prospect […]
THE BOURSE WHISPERER: Following the announcement of further delays to the development of the Oakajee Port at Geraldton in Western Australia, Padbury Mining (ASX: PDY) confirmed its commitment to the project. Padbury Mining managing director Gary Stokes said he had been working with a number of mining companies in the region to bring this project […]
Resource development and infrastructure constraints in Africa and other emerging markets: A tale of two sectors. Reflecting on infrastructure development in Africa and other emerging markets, Conrad Marais from specialist projects and emerging markets firm Hunt & Humphry, looks at the historic structural shortcomings of the relationship between resource and infrastructure investment and development […]
According to Alto Capital analyst Carey Smith there are current 31 resource companies trading on the boards of the Australian Securites Exchange that are worth more dead than alive. That is their net cash value (cash – debt) is larger than the company market capitalisation, The range of how much net cash exceeds the market […]
THE BOURSE WHISPERER: Talga Gold (ASX: TLG) has updated the JORC Mineral Resource estimate for the company’s 100 per cent-owned Nunasvaara graphite deposit in northern Sweden. Talga tenement locations, graphite projects and established transport infrastructure, Sweden. The Indicated and Inferred estimate for Nunasvaara now totals 7.6 million tonnes at 24.4 per cent graphitic […]
