THE DRILL SERGEANT: Western Australian-based resources and investment company Cape Lambert Resources has announced a 245 per cent increase to the Mineral Resources at its 100 per cent owned Marampa iron ore project located in Sierra Leone. The total Indicated and Inferred Mineral Resource now stands at 680 million tonnes at 28.2% iron. “This is […]
THE DRILL SERGEANT: Perth-based resources exploration company GBM Resources has discovered Rare Earth Element Yttrium Oxide (REEY) mineralisation at its Brightlands copper-gold project in northwest Queensland. The discovery was made while the company was undertaking a program of RC drilling on the Brightlands project at the Milo prospect. This current program is part of a […]
THE BOURSE WHISPERER: Iron ore-focused exploration play Winmar Resources is set to raise $3 million having signed a Memorandum of Understanding with Santosh S Lad, a representative of Indian mining and steel producer VS Lad & Sons. In accordance with the MOU, Winmar has agreed to place 10 million 10 million shares in the capital […]
THE BOURSE WHISPERER: As the mining sector continues to recover from the Global Financial Crisis of 2009 the listing of Initial Public Offerings from Western Australia has been growing proportionally. According to new figures released in the Deloitte Corporate Finance survey, Western Australia was responsible for 63 IPOs in the year ending 30 June 2011. […]
THE DRILL SERGEANT: Gold-copper exploration company Paradigm metals has reported significant new copper drill hole intersections at its 100%-owned Frogmore project located 25 kilometres northeast of the township of Boorowa in New South Wales. Paradigm has recently completed an eight-hole, 1600 metre RC drill program at Frogmore and assays have been received for the first […]
THE BOURSE WHISPERER: Western Australia-focused gold producer Ramelius Resources produced just over 100,000 ounces of gold from its wholly owned Wattle Dam gold mine for the year to 30 June 2011. The result flows on from a strong June quarter production of approximately 25,500 ounces of gold at the mine located 25 kilometres south west […]
THE DRILL SERGEANT: ASX 300-listed gold producer Silver Lake Resources continues to receive pleasing assay results from ongoing exploration at its Mount Monger Operations located just outside of Kalgoorlie in Western Australia. The Mount Monger Operations have a current JORC resource of 4.73 million tonnes at 8.7 grams per tonne for 1.33 million ounces of […]
THE BOURSE WHISPERER: Burkina Faso-focused gold play Canyon Resources has entered into an agreement with a Burkinabe vendor to purchase two additional exploration permits contiguous to its Derosa project. The new permits, currently under application, represent an additional 385 square kilometres of exploration landholding. The acquisition will increase Canyon’s Derosa project area to over 1,389sqkm […]
THE DRILL SERGEANT: Diversified resources company Altura Mining has received drilling results from its Pilgangoora lithium project located 120 kilometres south of Port Hedland in the Pilbara region of Western Australia. In its ASX announcement the company said the latest results confirm the presence of spodumene mineralised pegmatites in the project’s previously untested N1 target […]
THE BOURSE WHISPERER: Queensland-based uranium hopeful Alligator Energy has signed an exploration agreement with Cameco Australia to earn up to 90% of an exploration licence in the Alligator Rivers uranium province, in the Northern Territory. Alligator has signed the agreement through its wholly owned subsidiary Northern Prospector. Cameco is a wholly owned subsidiary of Cameco […]
