THE DRILL SERGEANT: Emerging ASX-listed bauxite exploration and development play Australian Bauxite has received results back from the laboratory from drilling at its Guyra project in New South Wales. Sixty-three holes intersected a thick layer of bauxite located beneath a thin clay horizon, including some exceptionally high grade, thick gibbsite bauxite. “This is our 2nd […]
THE BOURSE WHISPERER: Diversified ASX-listed exploration play Talisman Mining has expanded its exploration portfolio by acquiring an 80 per cent interest in the Muddawerrie and Livingstone gold projects, located in Western Australia’s north-eastern Goldfields. The Muddawerrie project, located 100 kilometres northwest of Meekatharra, contains two mineralised shear zones extending over a strike length of more […]
THE DRILL SERGEANT: Queensland-based Every Day Mine Services Limited has entered into an agreement to sell its underground diamond drilling (UDD) division for $1 million to ASX-listed Western Australian-based drilling company, Swick Mining Services Limited. EDMS said its decision was based on its increasing focus on its drilling services activities on surface drilling. This focus […]
THE BOURSE WHISPERER: ASX-listed powerhouse OZ Minerals has walked away from the San Eduardo Joint Venture with Mexican-focused Azure Minerals. Exploration to date has focused on the southern part of Azure’s 100% owned San Eduardo project area including geological mapping, surface geochemical sampling, and geophysical surveying. This activity identified a porphyry copper target, which was […]
THE BOURSE WHISPERER: Western Australian iron ore producer Atlas Iron has tightened its grip on the Pilbara region. Atlas has reached an agreement with FerrAus Limited to further consolidate the Pilbara region, initially through a combination of the South East Pilbara iron ore assets of Atlas and FerrAus. According to the joint ASX announcement released […]
THE DRILL SERGEANT: Perth-based mineral exploration company Encounter Resources has received encouraging assay results from the mineralised intersection from a diamond drill hole at the BM1 prospect at the Yeneena project. The company reported via an ASX announcement in June the drillhole had intersected strong copper mineralisation over a 10 metre interval commencing from 32 […]
THE DRILL SERGEANT: Drilling at West Africa focused Viking Ashanti’s 100% owned Akoase East gold project in Ghana has provided the company with confidence the existing 500,000 ounce JORC classified gold resource will be increased. Viking Ashanti recently received assay results from three RC pre‐collared diamond holes and five RC holes from the current program. […]
THE BOURSE WHISPERER: ASX listed resources company Hannans Reward is seeking shareholder support for the creation of a new iron and manganese focussed company. The new company, to be christened Newco, will be fashioned using Hannans’ existing iron and manganese projects as foundation assets. Hannans shareholders on the register as at 5pm on Friday 24 […]
Early due diligence on a proposed nickel laterite project in the Philippines has indicated it has the potential to produce, at a low cost, at least 18,000 tonnes of the base metal per annum in a mixed hydroxide intermediate product. During 2010 the company behind the almost US$900 million project issued a National Instrument 43-101 […]
They say a picture is worth a thousand words but it’s not too often a mining company will give them the opportunity to do so. An announcement to the Australian Securities Exchange by Western Australian copper play Sandfire Resources has provided some images of the progress that has been made at the company’s Degrussa copper-gold project. […]
