THE BOURSE WHISPERER: The newly-established board of Apex Minerals has lined up new financial backing from The Metal Group, a privately-owned investment vehicle controlled by Fortescue Metals Group non-executive chairman Andrew Forrest. The Metal Group recently provided a $4 million short term debt facility and has since undertaken further due diligence on Apex, its operations […]
THE BOURSE WHISPERER: Westgold Resources has acquired a 49 per cent relevant interest in the Great Fingall Deeps from Great Fingall Mining Company. The 49 per cent interest contains 52,000 ounces of Probable Reserves and 132,000 ounces at 9.1 grams per tonne gold of Identified mineral resource. Westgold said it anticipated completion of the acquisition […]
THE DRILL SERGEANT: Straits Resources released a short yet fairly succinct announcement to the Australian Securities Exchange proving that in some situations words can be superfluous. The company has received assay results from a hole recently drilled at its Avoca Tank prospect in New South Wales. The assay results for Hole TATD017 returned: – 84 […]
THE DRILL SERGEANT: Resource extension diamond drilling undertaken by Eritrea-focused potash exploration play South Boulder Mines has intersected further high-grade shallow potash situated between two existing resource zones at the company’s Colluli project. South Boulder said the combination of the shallow nature of the additional mineralisation with its high-grade and location provides potential to boost […]
THE BOURSE WHISPERER: Minotaur Exploration has entered into a Sale and Purchase Deed with BHP Billiton Olympic Dam Corporation relating to the sale of five of the former’s exploration tenements in the Gawler Craton in South Australia. The deal has been struck between Minotaur’s wholly-owned subsidiary Minotaur Operations (MinOps) and BHP Billiton and Billiton Exploration […]
THE BOURSE WHISPERER: Altona Mining has upgraded the Mineral Resource Estimates for three deposits at the company’s 100 per cent-owned Roseby project, located near Mt Isa in Queensland. The new estimates are: These Resources are reported at a 0.3% copper lower cut-off grade. Source: Company announcement The newly upgraded Resource has resulted in contained […]
OUT AND ABOUT: Opening his address to the Paydirt 2012 Australian Gold Conference, Barry Dawes managing director of Sydney-based Martin Place Securities held a quick poll via a show of hands to ascertain the audience’s bull or bear sentiments towards gold. The bulls took the result, which is probably not so surprising given the […]
ONE OFF THE WOOD: Ian Fairnie is a member of the Stockwatch Group, which conducts regular top performing ASX-listed company briefings at the Western Australia Club in Perth. He is also executive director with Edutravel, which is gearing up to lead a group of investors on a business-focused educational tour of China in October. […]
OUT AND ABOUT: Perth-based gold explorer Blackham Resources has told the Paydirt 2012 Australian Gold Conference making up for an historic lack of detailed drilling is the key to unlocking its future gold opportunity in one of Western Australia’s oldest goldfields. Presenting on the second day of the Perth conference Blackham Resources managing director Bryan […]
THE DRILL SERGEANT: Investigator Resources has received the final batch of assays for a program of reverse circulation percussion (RCP) drilling the company completed at its Paris prospect, located on the Eyre Peninsula of South Australia in late February. The company said the final batch of assay results has produced a number of high silver […]
