THE BOURSE WHISPERER: Kangaroo Resources has executed the deeds of transfer with Indonesian coal conglomerate PT Bayan Resources. The execution of the deeds gives Kangaroo direct foreign ownership of five key concessions and one asset-holding company at the Pakar thermal coal project in Kalimantan, Indonesia. Kangaroo has previously announced the acquisition of a 99 per […]
THE BOURSE WHISPERER: Specialty metal exploration and development company Wolf Minerals has appointed UniCredit Bank AG (UniCredit Corporate & Investment Banking), ING Bank N.V. and Caterpillar Financial SARL to provide senior debt finance facilities totalling GBP£55 million (AUD$80.1 million). The company will use the monies to fund the commercial development of its Hemerdon tungsten and […]
THE BOURSE WHISPERER: Emerging phosphate developer Minbos Resources has announced Inferred Resource Estimates for the company’s Chivovo and Chibuete deposits. The new estimatyes have, in-turn, increased in the total resource estimate for Minbos’ Cabinda phosphate project located in the Republic of Angola. The Chivovo deposit contains a JORC compliant inferred resource of 6.7 million tonnes […]
THE BOURSE WHISPERER: The Bullabulling Joint Venture (Auzex Resources and GGG Resources) has completed an initial Scoping Study at the Bullabulling gold project. According to JV partner Auzex Resources the aim of the Scoping Study was to examine the potential economic and technical viability of a large tonnage – low grade open cut mining operation […]
THE BOURSE WHISPERER: Melbourne based gold explorer Bassari Resources has reported an increase to the Mineral Resource for its Makabingui gold project in Senegal, West Africa. The Makabingui project is located in the Kenieba Inlier, Eastern Senegal, where multimillion ounce gold discoveries are currently being mined and developed. Bassari permits – Kenieba Inlier, Senegal. […]
THE BOURSE WHISPERER: Perth-based gold explorer Metaliko Resources has entered into a mining and treatment Joint Venture agreement with Kalgoorlie Mining Company at the former’s Anthill gold project. Metaliko has defined a gold resource of 160,600 ounces of contained gold at Anthill from five million tonnes at a grade of one gram per tonne gold. […]
THE BOURSE WHISPERER: Forge Resources has signed all the necessary legally binding agreements with Atlas Iron to acquire the Balla Balla magnetite, vanadium and titanium project in Western Australia. The Balla Balla project came into Atlas’ possession after it acquired Aurox Resources in August 2010. Balla Balla is located near the Pilbara coastline, approximately 100 […]
THE DRILL SERGEANT: Chalice Gold Mines has received high-grade gold intercepts from diamond drilling carried out at the company’s recently discovered Debre Konate prospect. The Debre Konate prospect is situated immediately south of the soon to be developed Koka gold deposit at its Zara project in northern Eritrea. Location of Zara Project and other […]
THE DRILL SERGEANT: Cove Resources has been encouraged by results it has received from a second drilling program carried out on the company’s Goongarrie project in Western Australia. The Goongarrie project is made up of five Prospecting Licences that cover the historic Goongarrie gold mining centre situated in the Eastern Goldfields of Western Australia. Cove […]
THE DRILL SERGEANT: Aphrodite Gold has estimated a new Exploration Target for its Chameleon prospect. The new target for Chameleon is 2.1 to 2.5 million tonnes at between 1.4 and 1.9 grams per tonne gold for approximately 100,000 to 140,000 ounces of gold at a cut-off of 0.5 grams per tonne gold. The Chameleon prospect […]
