THE BOURSE WHISPERER: Hot Chili Limited (ASX:HCH) has arranged a two tranche placement to raise $32.5 million at 50 cents per share as part of a proposed capital raising of up to $35.5 million. Hot Chili said funds raised will largely be directed towards a resource growth drilling program and continuation of development studies at […]
THE BOURSE WHISPERER: Avalon Minerals (ASX:AVI) has signed a binding Heads of Agreement (HOA) with Hannans Reward (ASX:HNR). Avalon has agreed to buy Hannans’ Discovery Zone and Tributary Zone prospects as well as the exploration area surrounding the Discovery Zone located in the Kiruna district of Sweden for $4 million. The Discovery Zone has a […]
THE DRILL SERGEANT: Breakaway Resources (ASX:BRW) has commenced a follow-up diamond drilling program at the company’s Sandy Creek copper-gold project, located south-east of Cloncurry in North Queensland. Breakaway is conducting the drilling program with the following objectives: – To test the down-plunge potential of the identified higher-grade/thicker zone within the Sandy Creek Main Zone resource […]
THE BOURSE WHISPERER: Strategic Energy Resources (ASX:SER) has been granted federal access to Commonwealth land known as Cultana Military Training Area in South Australia. Strategic Energy described the Cultana area as one of the best remaining blocks to explore for iron-oxide-copper-gold (IOCG) type mineralisation in South Australia. It forms part of the Olympic Dam province […]
THE BOURSE WHISPERER: Metallica Minerals (ASX:MLM) has successfully completed the second phase of the company’s pilot metallurgical test program on representative SCONI (scandium-cobalt-nickel) oretypes. Metallica completed the first phase of the metallurgical testwork earlier this year in two separate steps. The first step involved the leaching of metals into a pregnant leach solution (PLS) through […]
THE BOURSE WHISPERER: Renaissance Minerals (ASX:RNS) has received firm commitments from sophisticated and institutional investors to raise gross proceeds of $10 million through a share placement. The company said the Placement was strongly supported by new and existing institutional and sophisticated investors within Australia and overseas. Renaissance indicated it intends using the funds raised by […]
THE DRILL SERGEANT: Alara Resources (ASX:AUQ) has increased the JORC Measured and Indicated zinc and copper Resource at the company’s Khnaiguiyah zinc-copper project in Saudi Arabia. The Measured and Indicated JORC Resource for Zones 1, 2 and 3 at Khnaiguiyah now stands at 25.33 million tonnes at 4.03 per cent zinc and 0.16 per cent […]
THE BOURSE WHISPERER: International Goldfields (ASX:IGS) and United States-based, Santa Fe Gold Corporation (OTCBB:SFEG) have entered into a conditional Binding Heads of Agreement (HoA) to merge. In an announcement to the ASX the merged entity was described as a diversified, well-funded and low cost gold-silver explorer, developer and miner. It will have the advantage […]
THE BOURSE WHISPERER: Take-over target Exco Resources (ASX:EXS) continues to demonstrate its value with the completion of a maiden JORC-compliant (combined Indicated and Inferred) resource for the Salebury copper-gold deposit. The maiden mineral resource for the Salebury deposit has come in at 1.3 million tonnes at 0.90 per cent copper and 0.54 grams per tonne […]
THE BOURSE WHISPERER: Rox Resources (ASX:RXL) has entered into a Farm-in Agreement with Arafura Resources (ASX:ARU) to explore the Bonya copper project. The deal allows Rox to earn a 70 per cent interest in the, what is considers to be, large and highly prospective copper project. Visible outcropping copper mineralisation at the old Bonya Mine […]
