THE DRILL SERGEANT: Dragon Mining has discovered a new zone of mineralisation at its Svartliden gold mine located in northern Sweden, 700 kilometres north of Stockholm. Dragon Mining project locations. Source: Company release The discovery came with the first three diamond drill holes the company drilled approximately 800 metres east of the open pit […]
As the Federal Government finalises last minute details for the introduction of its Mineral Resources Rent Tax to the House of Representatives it has been thrown a curly one by one of its supporting independent members. The Member for New England Tony Windsor has given notice that he could put the kybosh on the legislation […]
THE DRILL SERGEANT: Montezuma Mining Company has received early assay from a recently completed RC drilling program carried out at the company’s 100 per cent-owned Butcherbird copper project located approximately 120 kilometres south of Newman in Western Australia. The company has received assay results for the first two holes from the drilling. Source: Company […]
THE DRILL SERGEANT: NuPower has had a Phase 2 reverse circulation (RC) drill program approved to be carried out on the company’s Arganara phosphate project located in the Northern Territory. The Phase 2 program will include approximately 166 additional 30 metre holes for 4980 metres of drilling. NuPower said the aim of the Phase 2 […]
THE BOURSE WHISPERER: Kimberley Metals has finalised a Resource Definition Program at the company’s Mineral Hill project. The company has determined a first Resource estimate of approximately 2.0 million tonnes for the Southern Ore Zone (SOZ), lifting Mineral Hill’s overall current JORC-compliant Resources to 5.2 million tonnes containing 222,000 ounces of gold, 61,000 tonnes of […]
THE BOURSE WHISPERER: New World Energy and Green Rock Energy have signed a binding Heads of Agreement to merge their Geothermal Exploration Permits in the Mid West region of Western Australia. Under the terms of the agreement the two companies will formalise a joint venture under which each will acquire a 50 per cent interest […]
THE BOURSE WHISPERER: Phoenix Gold has reached an agreement with Carbine Resources to purchase a 100 per cent interest in Carbine’s Red Dam gold project in Western Australia. The Red Dam project is located immediately adjacent to Phoenix’s Broads Dam and Carbine projects and covers in excess of 270 hectares. Carbine has quoted Red Dam […]
THE BOURSE WHISPERER: Emerging power utility, Enerji Limited has entered into a memorandum of understanding with Energy Developments. With more than 275 Megawatts (MW) of installed capacity at 32 remote sites EDL is Australia’s largest independent remote energy business in the one to 100 MW field. Under the terms of the MoU, Enerji will work […]
THE BOURSE WHISPERER: Linc Energy has submitted a permit application and commenced the approval process for Gasifier 6, which the company claims will be the first Underground Coal Gasification (UCG) demonstration plant in the United States for over twenty years. Linc has submitted its application with the Wyoming Department of Environmental Quality (WDEQ) to […]
THE BOURSE WHISPERER: Orocobre Limited has informed its shareholders of some interesting developments regarding the exchange of foreign currency regulations in Argentina. According to the company’s announcement to the Australian Securities Exchange the national Government of Argentina has announced via decree that export revenues from mining projects must be repatriated to Argentina and converted to […]
