THE BOURSE WHISPERER: West Australian-focused gold producer Northern Star Resources is set to increase annual production from 75,000 ounces per annum to 200,000 ounces per annum. The increase will take place over two stages and comes as a result of a decision by the company to upgrade the plant at its Paulsens gold mine and […]
THE BOURSE WHISPERER: The Earaheedy Joint Venture between Cazaly Resources and Vector Resources has signed a farm-in agreement with global diversified mining house Anglo American. The farm-in agreement will cover part of Joint Venture’s Earaheedy iron project located in the Wiluna region of Western Australia. “The dimensional extents and quality of the Earaheedy project will […]
THE BOURSE WHISPERER: Wave energy developer Carnegie Wave Energy has delivered its next generation commercial scale CETO unit (CETO 4) to its deployment location on Reunion Island with the help of French marine defence contractor DCNS. The unit will now be subjected to pre-deployment testing similar to the CETO 3 pre-deployment testing undertaken by Carnegie […]
THE BOURSE WHISPERER: Perth-based Magnum Mining and Exploration has entered into an option and exclusivity agreement to acquire an iron ore project in Minais Gerais, Brazil. OCRA Trustees (Seychelles) Limited as trustee of Global Trust has granted Magnum an irrevocable exclusive option to acquire all of the fully paid issued shares in Irongates (Aust) (IAPL). […]
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. The Whisperer pokes his head down the corridors of power to take a quick look at some of the chairs to have recently been vacated and to find out which ones have been filled: Appointment of Non-Executive […]
JETT RINK: The Galilee Basin exploration program of Brisbane-based coal seam gas exploration play WestSide Corporation has commenced with the spudding of the Glenlyon 1 exploration well located in exploration tenement ATP 974P in north western Queensland. WestSide said it expects the target horizons in Glenlyon 1 will most likely occur from around 1,000 metres […]
THE DRILL SERGEANT: Perth-based exploration play Alloy Resources has commenced a 3,500 metre air-core drilling program at its Horse Well project in Western Australia. The purpose behind the drilling program is to enable the company to test the north of its recent Warmblood discovery on a 100 metre by 50 metre or 25 metre hole […]
THE BOURSE WHISPERER: In February uranium trend-setter Toro Energy announced it was acquiring a project called Millipede from MPI Nickel, a subsidiary of Norilsk Nickel Australia. The company has now announced that it has executed a raft of comprehensive legal documentation with MPI which has set out the commercial and legal framework for the purchase […]
THE DRILL SERGEANT: Vector Resources has received the first batch of assay results from a high priority drilling campaign being undertaken as part of the Phase 1 RC program at the company’s Mt Dimer project in Western Australia. Priority holes of the Phase 1 drilling have targeted near mine locations of Lightning, Anomaly 2, Silver […]
THE BOURSE WHISPERER: New Age Exploration has completed a private placement of ordinary shares raising $4 million. The placement was taken up by an institutional investor and a sophisticated investor and will be carried out through the issue of just over 33.3 million ordinary shares at an issue price of 12 cents per share. New […]
