THE BOURSE WHISPERER: Rox Resources (ASX:RXL) has voiced its intention to commence further Rotary Air Blast (RAB) drilling at the Fisher East nickel prospect. The Fisher East prospect is situated within the company’s Mt Fisher project, located north of Kalgoorlie in Western Australia. Rox said the drilling is being carried out to follow up and […]
THE BOURSE WHISPERER: Manas Resources (ASX:MSR) has entered into a joint venture agreement with ASX‐listed Central Asia Resources (ASX:CVR) on Central Asia’s 95 per cent‐owned Altyntas gold project. The Altyntas gold project covers the Altyntas, Kepken and Kengir gold prospects in the Akbakai region of central Kazakhstan, Central Asia. Location plan of the Altyntas […]
CONFERENCE CALL: The market bottom for nickel has most likely been reached with an upswing pending, according to Australia’s third largest nickel producer. Speaking in Perth at the 2012 Paydirt Australian Nickel Conference, Western Areas (ASX:WSA) managing director Daniel Lougher, said that while the base metals’ current price made it uneconomic for many mines, it […]
Coal stocks have been punished on the Australian Securities Exchange lately, especially after the price of thermal coal coming off an all-time high of $US192.86 per tonne in July 2008 to hit a recent price of US$93.44 per tonne. China has recently become the price setter for thermal coal, overtaking the other large importer, Japan. […]
ONE OFF THE WOOD: Travelling home from the recent RIU Resources RoundUp in Melbourne, Peel Mining (ASX:PEX) managing director Rob Tyson dropped in to tell us the latest on the company’s Mallee Bull story. Peel Mining has been creating quite a bit of interest with the drilling results emerging from the Mallee Bull project. Where […]
THE DRILL SERGEANT: Encounter Resources (ASX:ENR) has received encouraging results from drilling recently carried out at the BM7 prospect within the company’s Yeneena project in the Paterson Province of Western Australia. According to Encounter the assay results from the diamond drilling program have provided more evidence of the discovery of a large scale copper-cobalt system […]
THE BOURSE WHISPERER: Lithex Resources (ASX:LTX) has executed a Heads of Agreement (HoA) for the acquisition of eleven graphite tenements located within Australia. The acquisition of the tenements is via Lithex’s acquisition of Far North Minerals (FNM), pursuant to the HoA. FNM owns the rights to 100 per cent of the tenements. Lithex said the […]
THE BOURSE WHISPERER: Australian iron ore producer, BC Iron (ASX:BCI), through the Nullagine Iron Ore Joint Venture (NJV), has now exported more than five million tonnes of ore since commencement of operations. The NJV is located in the Pilbara region of Western Australia and is a 50:50 unincorporated joint venture between BC Iron and Fortescue […]
THE DRILL SERGEANT: Riedel Resources (ASX: RIE) has received results from initial work programs the company has completed, including soil geochemical sampling and drilling, at its Burkina Faso gold permits. These work programs commenced in April 2012 and concluded in June with the onset of the seasonal rain period. The work has delineated a number […]
THE DRILL SERGEANT: Alloy Resources (ASX:AYR) has commenced an initial 1,500 metre RC drill program at the company’s Horse Well gold project in Western Australia. The drilling is being undertaken to test a previously identified 250 metre strike length of the Warmblood gold prospect by drilling under earlier shallow air‐core drill intersections of 40 metres […]
