THE DRILL SERGEANT: Africa-focused Golden Rim Resources has commenced a program of reverse circulation (RC) drilling on its Sepola project located in Mali. The Sepola project covers approximately 300 square kilometres in western Mali and lies approximately 40 kilometres southeast along strike from the Sadiola and Yatela gold mines, which are jointly owned by AngloGold […]
THE BOURSE WHISPERER: Central Asia Resources has postponed final commissioning and production from its Dalabai gold project in Kazakhstan until late January 2012 due to issues with cyanide supply. The initial commissioning of the Dalabai project has been completed successfully, however the final commissioning will commence when cyanide is received, which the company said it […]
THE BOURSE WHISPERER: Recent flooding, which has impacted on road and rail transport in the Northern Territory has resulted in a costly mishap for OZ Minerals. A Genesee & Wyoming Australia train travelling north to Darwin derailed in bad weather near Edith River. The freight train derailed at the Edith River Crossing after flood […]
THE BOURSE WHISPERER: KBL Mining has signed a Memorandum of Framework Cooperation, an apparently fancier term for an MOU, with Chinese concern, Guangdong Guangxin Mining Resource Group (GMR). GMR is a subsidiary of Guangdong Guangxin Holding (GGH). GGH is a Chinese government-owned enterprise, and according to KBL, is the largest foreign trade group in Guangdong […]
THE BOURSE WHISPERER: Goldfields heavy-hitter Silver Lake Resources is undertaking a second stage upgrade to take its Lakewood Gold Processing Facility (LGPF) to one million tonnes per annum capacity. Stage one of the upgrade of The Lakewood facility, located five kilometres south east of Kalgoorlie, was completed on time and on budget. Mount Monger […]
THE BOURSE WHISPERER: The wholly-owned subsidiary of Melbourne-based MEO Australia, South Madura Exploration Company, has executed binding transaction documents to acquire an additional 60 per cent participating interest in the South Madura PSC, situated onshore of Madura Island, Indonesia, in a deal that has been struck with AED South Madura BV. In June this year, […]
THE BOURSE WHISPERER: Dempsey Minerals has told the market that it no longer intends to continue with its takeover bid for all shares in Winmar Resources. Winmar Resources is a Western Australia-based exploration company that has a predetermined right to earn and acquire 100 per cent of the Hamersley iron project located in the Pilbara. […]
THE BOURSE WHISPERER: Archer Exploration has reached a Heads of Agreement with BHP Billiton Olympic Dam Corporation (ODC). The agreement is in regard to the sale of an 80 per cent legal and beneficial interest in Archer’s five West Roxby tenements. Magnetic image showing Archer’s West Roxby tenements in relation to major IOCG deposits. […]
THE DRILL SERGEANT: Recently-completed drilling carried out by Empire Resources has confirmed deeper copper-gold mineralization at the company’s A Zone prospect, situated within its Yuinmery copper-gold project, located 80 kilometres southwest of Sandstone in Western Australia. Intersections from two RC drill holes returned assays from approximately 200 metres and 220 metres vertically below surface. These […]
THE BOURSE WHISPERER: Solar Systems, the wholly-owned subsidiary of ASX-listed Silex Systems has commenced on-site construction work for the first stage of what is to become Australia’s largest solar power station in Mildura, north west Victoria. Silex said the project will be the first full-scale commercial deployment of a grid connected solar power station using […]
