THE BOURSE WHISPERER: West Australian-based gold producer Norton Gold Fields has executed a Subscription Agreement with Zijin Mining Group for the private placement of just over 138 million shares at a price of $0.20 per share. Once completed, the placement will raise $27.67 million giving Zijin’s a 16.98 per cent shareholding in Norton. “We are […]
THE BOURSE WHISPERER: It was a busy June quarter for Australian bauxite exploration play Bauxite Resources with the announcement of two maiden resources. The two resources have increased the company’s total bauxite resource to 24.8 million tonne at 41.1% Total Alumina, 30.6% Available Alumina with 3.9% Reactive Silica. All of these resources are within the […]
THE BOURSE WHISPERER: West Australian gold producer Integra Mining has completed open pit Ore Reserve estimations for its existing and new gold deposits, including a preliminary Ore Reserve estimate for the recent Majestic discovery. This Ore Reserves upgrade comes less than one year after the company’s first gold pour at the Randalls gold project. Integra […]
THE BOURSE WHISPERER: Geothermal energy generation company, Hot Rock Limited has announced a maiden estimated resource at its 100%-owned Calerias geothermal project located 100 kilometres south-east of Santiago, Chile. Having completed geological, geochemical and geophysical studies Hot Rock has estimated an inferred geothermal resource of 7400 petajoules has been estimated for the project. Hot Rock […]
THE DRILL SERGEANT: New South Wales-based resource development company Augur Resources has received further diamond drill hole results from the Randu Kuning prospect, located on the company’s Wonogiri project in Central Java. The Wonogiri project is located approximately 30 kilometres to the south of the provincial city of Solo in central Java and lies within […]
THE BOURSE WHISPERER: Multi-commodity junior exploration company Havilah Resources is set to acquire from Glencore International, that company’s rights in the mining tenements and the Feasibility Study of the Kalkaroo project. The Kalkaroo project is a medium-size copper-gold deposit containing over 320,000 tonnes of copper and almost 1 million ounces of gold in a measured […]
In its Gold Sector Review for July, international financial house Ambrian Partners couldn’t get past the first letter of the alphabet for its top gold companies for the year. “Adamus, Ampella and Avocet are our top picks this year,” Ambiran Partners said. “We think that all three companies offer value at their current prices. “All […]
Investor sentiment has been severely tested in recent months, with ongoing global equity market concerns over a wide range of issues including sovereign debt issues in the Eurozone, weak employment data and budget deficit issues in the U.S., and emergent inflation in China. In Australia weak retail, manufacturing and construction data is exacerbating sentiment issues, […]
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: Sherwin board restructure […]
THE DRILL SERGEANT: Canada-focused gold exploration play Coventry Resources has received analytical results from recently completed drilling of 25 diamond drill holes at its Cameron gold project in Ontario. The company had carried out this latest round of drill holes in order to further evaluate the potential of the northern and north-western extensions of the […]
