Volatility in the markets can be a good thing. The problem lately, however, is that the volatility has been on the front page of the nation’s newspapers. When that occurs it’s usually a precursor to Armageddon for investment advisers. Investors, particularly “mums and dads”, don’t like uncertainty and that has been confirmed both anecdotally and […]
ONE OFF THE WOOD: Red Mountain Mining chief executive officer Andrew Richards propped up at the front bar of The Roadhouse recently to tell us about the company’s gold adventures in China. Not too many people may have heard of Red Mountain Mining before you listed on the Boards of the ASX in September this […]
THE DRILL SERGEANT: Blackthorn Resources has received an encouraging result from the first drill hole it has completed on the Kitumba copper deposit at its Mumbwa project in Zambia. The hole intercepted drilled thickness intervals that include: – 282.7 metres at 1.05 per cent copper between 178.3 metres and 461 metres, including 60 metres at […]
THE DRILL SERGEANT: Australian-based African Iron has updated the JORC mineral resource at its 92 per cent-owned Mayoko iron ore project, located in the Republic of Congo, West Africa by 121 million tonnes. The Mayoko mineral resource now comprises an Indicated and Inferred hematite direct shipping ore component of 44 million tonnes at 55 per […]
THE DRILL SERGEANT: Kimberley Metals has received the results from 50 recently-completed drill holes from the Sorby Hills project, located near Kununurra in the East Kimberley region of Western Australia. The drill holes form part of a major reverse circulation drilling program conducted by the company during September and October of this year, and follow […]
THE BOURSE WHISPERER: The Australian Securities Exchange had one of its more interesting days of trading today. The Exchange halted trading after a number of traders said they were unable to complete their transaction. The halt lasted four hours, during which time investors were frustrated in their attempts to take advantage of earnings news and […]
THE BOURSE WHISPERER: Enerji Limited has entered into a memorandum of understanding with Poseidon Nickel. Enerji is an emerging green power utilty while Poseidon is the developer of the largest high grade nickel sulphide deposits of any exploration and development company in Australia. Under the MoU Enerji will provide assistance to Poseidon on aspects of […]
THE DRILL SERGEANT: Chesser Resources has received the latest results from its current 30,000 metre drill program being carried out at the Kestanelik project in western Turkey. The company’s aim is to complete the drilling required to estimate a JORC resource for the already-drilled high-grade veins at Kestanelik (Karakovan, K1, K2, K3 and KS). Chesser […]
THE DRILL SERGEANT: Bulk minerals explorer Sheffield Resources has announced an Inferred Resource for its Ellengail heavy mineral sand (HMS) project, located seven kilometres west of Eneabba in the mid-west region of Western Australia. The Inferred Resource measure 46.45 million tonnes at 2.2 per cent heavy minerals for 1.040 million tonnes of contained heavy minerals, […]
THE DRILL SERGEANT: Kalgoorlie Mining Company has release an upgraded resource estimate of 446,900 tonnes at 4.68 grams per tonne containing 67,300 ounces of gold for the East Lode resource at its Bullant gold mine located 70 kilometres north west of Kalgoorlie, Western Australia. The updated Resource Estimate is a 440 per cent increase over […]
