THE BOURSE WHISPERER: Dempsey Minerals has elected not to exercise the Cacule Option Agreement following exploration and field reconnaissance failed to provide it with any satisfactory encouragement. A small drilling program undertaken at the site provided sub-economic results. The company spent approximately $150,000 to undertake works to satisfy requisite due diligence assessment to the company’s […]
THE DRILL SERGEANT: Discovery Metals has released assay results for three diamond drill holes at the Plutus deposit, which is part of the company’s 100 per cent-owned Boseto copper project in Botswana. The company carried out the drilling in order to confirm the continuity of mineralisation between the base of a planned open pit and […]
THE BOURSE WHISPERER: Internationally multi-listed company Olympus Pacific Minerals has entered a formal Joint Venture agreement for the Capcapo gold property located in Northern Philippines. The company has entered the JV with Abra Mining & Industrial Corporation, Jabel Corporation, Kadabra Mining Corporation (a wholly-owned subsidiary of Olympus), and PhilEarth Mining Corporation. The Capcapo gold property […]
THE BOURSE WHISPERER: Australian gold producer Focus Minerals has announced a record full-year Revenue and Net Cash from Operating Activities, which it said will position the company for strong growth. In the 2001 financial year (FY11) Focus increased its annual revenue by 39 per cent to $102.8 million, compared to 2010 financial year (FY10) revenue […]
THE BOURSE WHISPERER: Noble Mineral Resources has raised $34.1 million through a share placement, priced at 55 cents per share. BGF Equities was the lead manager to the placement, which was picked up by institutional and sophisticated investors. Noble Mineral Resources said it intends using the proceeds of the raising to complete the refurbishment it […]
ONE OFF THE WOOD: While at the recent Resources Round-up conference in Melbourne,The Roadhouse was able to blow the froth off a couple while speaking with Vertical Events managing director and resources identity Stewart McDonald. This is the second time you’ve held the RIU Melbourne Resources Round-up, how do you gauge the success of this […]
OUT AND ABOUT: Ancient Greek writer and philosopher Aesop wrote about the tortoise and the hare and how the former won their contest as the latter became complacent thinking it could never lose the race they ran. It is probably sad, in world market terms, that the birthplace of democracy is the basket case it […]
THE DRILL SERGEANT: Kimberley Metals has received the initial results from a 6,000 metre reverse circulation drilling program it currently has underway at its Sorby Hills project, located near Kununurra in the East Kimberley region of Western Australia. According to Kimberley Metals, Sorby Hills is the largest undeveloped silver-lead deposit at open cut depth in […]
THE BOURSE WHISPERER: Phillips River Mining has been granted two new exploration tenements. The new tenements are located close to existing exploration tenement holdings and planned milling infrastructure of the Phillips River project. The Phillips River project consists of four mines that contain gold, copper, silver, zinc and lead mineralisation as well as a processing […]
THE BOURSE WHISPERER: Rico Resources has acquired a tenement package prospective for iron ore within the Pilbara region of Western Australia. The tenements were acquired from Cliffs Asia Pacific Iron Ore. The acquisition of the Cliffs Pilbara tenements increases Rico’s landholding in the Pilbara provide the company with an additional 385.23 square kilometres of ground […]
