THE DRILL SERGEANT: Gascoyne Resources has completed a re-estimation of the company’s 100 per cent-owned Glenburgh resource. The re-estimation has been completed by incorporating results the company has received from it Stage 1 drilling program that was completed in May-June this year. The Inferred Mineral Resource at Glenburgh now stands at 13.8 million tonnes at […]
Well, the footy season is almost over, it is for my footy team anyway. They seem to think Bali, Phuket, or Hong Kong to be better options than the MCG in September…have for most of their history actually. I digress, but having just come back from Hong Kong, I can actually see what they are […]
THE BOURSE WHISPERER: Mongolia-focused coal play Aspire Mining has received the thumbs up for the coal at its wholly-owned Ovoot coking coal project, located in northern Mongolia Ovoot project. In a recently prepared marketing report international coal market consultants Wood Mackenzie confirmed coking coal from Aspire’s Ovoot project had highly attractive properties that would meet […]
Envirogold completes trial mining Australian-based mineral resources company, EnviroGold has completed a trial mining exercise on its Las Lagunas gold tailings project in the Dominican Republic. The company said the trial demonstrated ease of operations under dry conditions, and confirmed contractor’s pricing. “It is exciting for the company to be nearing gold and silver production […]
THE DRILL SERGEANT: Australian rare earths company Arafura Resources has confirmed the presence of further rare earths mineralisation at depth at its 100 per cent owned Nolans Bore deposit in the Northern Territory. The results come as Arafura is approaching the end of a resource development drill program designed to test the Nolans Bore rare […]
THE DRILL SERGEANT: Sydney-based South America-focused exploration company Condor Blanco Mines has intersected copper mineralisation with the first two holes of its current drilling at its Gold Iron project 40 kilometres east of Copiapo in northern Chile. Condor commenced the 3,400 metre reverse circulation drilling program at the beginning of August and has completed two […]
Australian M&A activity reaches record high Merger and acquisition activity has been fairly hot recently according to a recent report. In its Australasia Investment Banking Snapshot released last week Thomson Reuters said Australian-involvement in mergers and acquisitions had reached a record high of US$130.3 billion so far this year. The business information group said this […]
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: Resignation of Non-executive Director […]
THE DRILL SERGEANT: West Africa-focused gold play Golden Rim Resources has hit copper and gold intersections during a second program of reverse circulation drilling on its Balogo project in Burkina Faso. Golden rim completed a total of 35 RC drill holes in the Phase 2 drilling program, which focussed on the southwest part of the […]
THE DRILL SERGEANT: Pilbara-focused Atlas iron Joint Venture partner Altura Mining has announced an increase to the Ore Reserve estimate for the Mt Webber Direct Shipping Ore project. The standings for each partner in the Mt Webber JV are 30% Altura Mining / 70% Atlas Iron. The new JORC compliant Ore Reserve estimate for Mt […]
