THE BOURSE WHISPERER: Poseidon Nickel has submitted a detailed Mining Proposal for the Mount Windarra Mine to the Department of State Development of the Western Australian Government. The proposal is seeking approval to both restart mining operations at Mount Windarra and to build a processing plant on the site. The proposal includes mining up to […]
THE DRILL SERGEANT: Minotaur Exploration has received a grant of $62,500 under the South Australian Government’s PACE 2020 Initiative. The company will use the funding from the grant to undertake an innovative 3-dimensional magnetotelluric (MT) survey at its Aphrodite iron oxide copper-gold target in South Australia. The Aphrodite target is located 34 kilometres southeast of […]
THE BOURSE WHISPERER: Dragon Mountain Gold has announced that its majority owned subsidiary, Warrior Advance Pty Ltd has entered into a conditional agreement to sell 100 per cent of the issued shares in its subsidiary that holds the Lixian gold project in China. The project is to be sold to ZiJin Mining Group Co Ltd […]
THE BOURSE WHISPERER: After 12 years at the helm of Australian-based nickel sulphide explorer and producer Western Areas Julian Hanna has announced he will be stepping down as managing director of the company at the end of January 2012. Hanna was one of the founders of a small nickel exploration play in January 200 […]
THE DRILL SERGEANT: West African Resources has resumed exploration following the recent wet season in Burkina Faso. The company’s 2011-12 field season program will include an extensive 200,000 metre drilling campaign, targeting further mineralisation at its 100 per cent-owned Boulsa gold project. Once the wet season ended in October, West African embarked upon its 2011-12 […]
THE DRILL SERGEANT: Bass Metals has commenced an expanded drilling program in the vicinity of its producing Hellyer Mine operations in northwest Tasmania. The company has recently completed a capital raising program of entitlements offer to shareholders resulting in $8.8 million hitting the company’s coffers. The raising has allowed Bass to announce an immediate doubling […]
THE DRILL SERGEANT: Excelsior Gold is set to commence a further phase of reverse circulation and diamond drilling at its Kalgoorlie North project. The drilling is designed to provide the company with metallurgical samples and additional resource information at the Excelsior deposit. It will also test high-grade intercepts previously identified in historical drilling at Bulletin […]
THE BOURSE WHISPERER: The New Zealand-based partner of ASX-listed CO2 Group Limited, CO2 New Zealand has secured a $10 million carbon sequestration project in with the Iwi Maori community on the Land of the Long White Cloud’s North Island. CO2 Group holds a 45 per cent interest in CO2 New Zealand. The project is to […]
THE BOURSE WHISPERER: Sandfire Resources has entered into a sales contract with international trading company MRI Trading AG where the latter will purchase 50 per cent of the Direct Shipping Ore to be produced from the former’s 100 per cent-owned DeGrussa copper-gold project in Western Australia. DeGrusa project location. Source: Company announcement Swiss based MRI […]
THE BOURSE WHISPERER: New Zealand-focused exploration play Peel Mining has been awarded two exploration licences covering the Rise and Shine gold project, located about 20 kilometres northeast of Cromwell in Central Otago. The Rise and Shine gold project hosts a number of historic gold workings with historic production estimated at more than 180,000 ounces gold. […]
