THE BOURSE WHISPERER: Silver Mines has announced a 400 per cent upgrade to the Indicated and Measured JORC resource at its fully‐owned Webbs silver project in north‐eastern New South Wales. Silver Mines has increased its Resource to 969,000 tonnes averaging 269 grams per tonne silver for a contained resource of 8.4 million ounces of silver. […]
THE BOURSE WHISPERER: Kula Gold has upgraded the JORC Ore Reserves estimate at the company’s Woodlark Island gold project to 10.39 million tonnes at 2.1 grams per tonne gold for 700,000 contained gold ounces of gold in the Proved and Probable category. Woodlark Island gold project, PNG. Source: Company announcement This represents an increase […]
THE DRILL SERGEANT: MIL Resources has reported further results from drilling carried out on its Golden Peak project, located 40 kilometres east of Port Moresby in Papua New Guinea. Previous results included: – 20 metres at 8.5 grams per tonne gold and 10.9 grams per tonne silver from 44.4 metres, Including 1 metre at 154.0 […]
THE BOURSE WHISPERER: Exploration company Goodrich Resources has commenced trading on the boards of the Australian Securities Exchange. The listing of Goodrich follows the completion of an initial Public offering of 17.5 million shares at 20c per share to raise $3.5 million. Goodrich said its IPO received strong support from investors in difficult market conditions […]
THE BOURSE WHISPERER: Ampella Mining has raised $47 million (before costs) by way of a Private Placement and a Share Purchase Plan (to be underwritten) of approximately 36.1 million ordinary shares in total at $1.30 per share. The issue price of $1.30 represents a 0.38 per cent discount to the company’s last closing price of […]
ONE OFF THE WOOD: Silver Lake Resources was presented with the Craig Oliver Award at the 2012 RIU Explorers conference in Fremantle. Now in its second year, the Craig Oliver Award is bestowed upon an ‘all round’ small to mid-cap Australian Mining Company which has excelled in several of the following areas over the past […]
Caltex is a step closer to closing its 70-year old Australian refining businesses. Caltex Australia (ASX: CTX, Share Price: $12.35, Market Cap: $6.1 Billion) has flagged the closure of its two domestic oil refineries at Kurnell in Sydney and Lytton in Brisbane, threatening 800 jobs and possibly marking the end of its presence as a […]
THE DRILL SERGEANT: Blackthorn Resources has received some impressive copper results from the Phase 5 exploration program underway at the company’s Mumbwa project in Central Zambia. Blackthorn has intersected the best copper intersections recorded to date at Mumbwa. These results all came from the Kitumba mineral resource area. Drilled thickness intersections include: Hole S36-033 – […]
THE DRILL SERGEANT: YTC Resources has released the latest exploration results from the company’s 100 per cent-owned Kadungle copper-gold project in central New South Wales. The Kadungle project is located approximately 40 kilometres northwest of the NorthParkes copper-gold deposit of Rio Tinto. Source: Company announcement In December 2011, YTC completed 2 RC holes at […]
THE BOURSE WHISPERER: When the music stopped in the Boardroom of Western Australian iron ore producer Atlas Iron, a few people found they were sitting in a different seat. The company has appointed company figurehead David Flanagan to the position of executive chairman and has anointed Ken Brinsden to take up the managing director […]
