THE DRILL SERGEANT: The good news keeps coming for Perth-based exploration company Laconia Resources. The company has announced the intersection of further high-grade zinc and silver mineralisation from its maiden drilling program at the Lennons Find base metals project, near Marble Bar in the Pilbara region of Western Australia. The latest results have been achieved […]
THE BOURSE WHISPERER: Kevin Rudd kissed Julia Gillard while the Labor Party cheered and Tony Abbott glowered while the Liberal Party jeered. The positive vote for Federal Government’s Climate Change Plan, more popularly known as the Carbon Tax, in Parliament, also set-off some back-slapping in the Board room of forestry plantation project developer Carbon Conscious. […]
THE BOURSE WHISPERER: The passage of the Federal Government’s Clean Energy Bill through the House of Representatives continues to polarise the business community with one mining sector body expressing its disappointment. The Association of Mining and Exploration Companies pointed to The Labor Party’s rejection of Independent Tony Crook’s amendment to the Clean Energy Future Reform […]
THE BOURSE WHISPERER: Aspire Mining has raised $32.8 million via a placement that it will use to progress its Ovoot coking coal project in northern Mongolia. The placement consisted of 80 million new fully paid ordinary shares at 41 cents per share to institutional and sophisticated investors. Aspire also announced that its major shareholder, SouthGobi […]
While the world trudged through the Global Financial Crisis, Coventry Resources recognised an opportunity that may well prove to be a company maker. After its ASX-listing in 2009, Coventry agreed to purchase a 100 per cent interest in the Cameron gold deposit, located in northwestern Ontario, Canada. The vendors, TSX-listed Nuinsco Resources had owned […]
THE DRILL SERGEANT: Iron ore-focused exploration company Sherwin Iron has reported results from a drilling campaign the company has carried out at the Sherwin Creek prospect located within its Roper River iron ore project in the Northern Territory. These recently-received results stem from a program of 91 RC drill holes totalling 4,506 metres, and 18 […]
THE DRILL SERGEANT: Genesis Minerals has reported the receipt of encouraging results from the final three holes drilled at the company’s Dinamarquesa project located in northern Chile. The company said it had intersected extensive zones of porphyry-hosted copper-gold and molybdenum during the drilling. The results include: – 17 metres at 0.53 per cent copper equivalent […]
THE DRILL SERGEANT: Gold and base metal exploration play Robust Resources has received some encouraging results from an ongoing drilling program being undertaken at the company’s Romang Island project in Indonesia. A total of seven drill rigs a currently operating on the Romang Island project with focus corroborating earlier exploration drilling results. Robust Resources is […]
THE BOURSE WHISPERER: Minbos Resources has entered into a conditional agreement to acquire a large-scale potash licence located in the Cabinda Province of the Republic of Angola. “This is an exceptionally exciting transaction for Minbos,” Minbos Resources executive chairman Peter Richards said in the company’s announcement to the Australian Securities Exchange. “Not only does it […]
M&A activity depletes Australian projects Although the boom keeps booming it seems the gap between the Australian mid-cap sector and the majors is growing. According to Citi Investment Research and Analysis Metals and Mining analysts, Australia, over the last ten years, has basically been acting as a clearing house of its quality mining assets. Of […]
