THE BOURSE WHISPERER: Chinalco Yunnan Copper Resources has signed a binding agreement with Xstrata Mount Isa Mines (Xstrata Copper) to commence exploration activities on the Mount Frosty project. The Mount Frosty project covers the Mary Kathleen shear zone and is located about 60 kilometres east of Mount Isa in far north west Queensland. Source: […]
THE BOURSE WHISPERER: Diatreme Resources has announced a maiden ore Reserve estimate for the company’s Cyclone zircon project in Western Australia. The Reserve estimate is part of an ongoing Prefeasibility Study the company is carrying out on the project. The Cyclone PFS pit design contains a Probable Ore Reserve of 97 million tonnes at 2.5 […]
THE BOURSE WHISPERER: Forge Resources has announced a maiden JORC compliant heavy mineral (HM) resource estimate for the McLaren heavy mineral sand deposit, situated within the company’s Eulca West mineral sand project tenements, located in the Eucla Basin Western Australia. The Eucla West mineral sand project location. Source: Company announcement The resource estimate for […]
THE DRILL SERGEANT: Pan Aust has claimed drilling results from the company’s Nam San copper‐gold deposit and LCT gold and copper‐gold prospect in Laos have confirmed the Phu Kham district to be a high priority target for exploration and resource development. Phu Kham district. Source: Company announcement The latest drilling conducted by Pan Aust […]
THE BOURSE WHISPERER: Alacer Gold has updated the Mineral Resource and Reserve estimates for its Higginsville gold operations in Western Australia. The company has increased the project’s Mineral Reserve estimate by 164,000 ounces (net of mining depletion over 18 months) to 7.9 million tonnes at 3.5 grams per tonne gold, containing 875,000 ounces. Source: […]
THE BOURSE WHISPERER: Stellar Resources is set to raise a combined $5.7 million, before costs, via a share placement and entitlement offer that will increase the company’s cash position to approximately $6.5 million. Stellar has placed 39.2 million fully paid ordinary shares with institutional and sophisticated private clients of Taylor Collison at a price of […]
THE DRILL SERGEANT: Australian resources company GBM Resources has company’s told the market that recent drilling has expanded the copper zone at the Milo iron oxide copper gold, rare earth elements and yttrium (REEY) project in north- west Queensland. GBM drilled three diamond core holes during December, which it claims has provided important additional information […]
THE BOURSE WHISPERER: Perth-based gold explorer ElDore Mining Corporation has signed an agreement for a major gold mine acquisition in Zimbabwe that the company claims will establish a key strategic landholding within a major gold producing region and ultimately result in it joining the ranks of the country’s gold producers. ElDore has agreed to acquire […]
THE BOURSE WHISPERER: Golden Rim Resources has raised approximately $6.9 million (before issue costs), via a placement. The company said the funds raised will be used to fund an extensive drilling and exploration program on its gold projects in Burkina Faso and Mali. The placement consisted of approximately 45.9 million new fully paid ordinary shares […]
THE BOURSE WHISPERER: Bannerman Resources has closed a recent oversubscribed Share Purchase Plan raising the maximum proceeds of $4 million in the process through the issue of approximately 17.8 million new Bannerman shares at an issue price of 22.5 cents (or the Canadian dollar equivalent of 23.3 cents) per share. Further demand from institutional investors […]
