THE DRILL SERGEANT: Peninsula Energy Limited has announced an upgrade to the JORC-compliant Resource Estimate for its Lance uranium projects in Wyoming, USA. The revised JORC compliant resource estimate of 41.4 million pounds of uranium represents a 25% increase to the total resource estimate. It also includes a 7% increase in Measured and Indicated Resource […]
While there has been a broad based correction in the resources sector in recent months, on the back of heightened concerns that growth in the major global economies is stalling, one sub-sector that is firing on all cylinders is the mineral sands industry. Indeed, mineral sands industry leader Iluka Resources recently announced stunning price increases […]
THE DRILL SERGEANT: Western Australian gold exploration play Southern Cross Goldfields has received results from a recently completed drilling program undertaken at the company’s 100 per cent owned Marda gold project. Infill drilling has returned a series of wide, high grade intersections from close to surface at the Golden Orb deposit located 15km south-west of […]
THE BOURSE WHISPERER: ASX and TSX-listed gold exploration company Chalice Gold Mines has signed an agreement with the Eritrean National Mining Corporation (ENAMCO) for ENAMCO’s acquisition of a 30% participating interest in Chalice’s Zara gold project in Eritrea, East Africa. Chalice said the agreement sets the pendulum swinging for final permitting, financing and development of […]
THE DRILL SERGEANT: White Rock Minerals has received assay results for its Mt Carrington gold-silver project in northern New South Wales, which the company says, may suggest potential extensions to the current Inferred Mineral Resources at the shallow Strauss and Kylo deposits. The Strauss and Kylo gold deposits are located on the central Mining Leases […]
THE BOURSE WHISPERER: Australian integrated supply concern ADG Global Supply has entered into a formal Joint Venture arrangement with Danish global logistics group Airland. The purpose of the JV is to create an integrated project logistics, procurement and supply chain solutions offering to major mining projects globally. The JV has completed similar tasks previously and […]
Three BHP Billiton staff members are about to call the Shenton Park Dogs’ Refuge in Western Australia home. The three BHP staffers won’t exactly be taking up residential status at the Refuge but they will be central to an important fundraising campaign. The fundraising three-some – James Pregnell, Gabriel Gnavi and Jeremy Thornett – are […]
THE BOURSE WHISPERER: Clean energy technology play Wasabi Energy has signed a term sheet to jointly develop, own and operate the Taufkirchen Geothermal Power Plant in Southern Germany. Wasabi Energy will join an experienced consortium consisting of Swiss utility Axpo, German geothermal developer Geysir Europe GmbH and its wholly owned subsidiary Exorka GmbH, a Kalina […]
THE DRILL SERGEANT: Brazil-focused gold exploration play Crusader Resources has increased the JORC compliant Mineral Resource estimate for its Borborema gold project in north east Brazil. The estimate has been increased to 44.65 million tonnes at 1.30 grams per tonne for 1.86 million ounces of gold using a 0.5 g/t cut off. The new figures […]
THE BOURSE WHISPERER: Indonesia-focused copper cathode producer Finders Resources has been granted key mining permits for the development of its Wetar Copper Project in Indonesia. The permits have been issued by the District of Maluku Barat Daya under the new Indonesian Mining Law and are valid for 20 years. Combined, the permits are equivalent to […]
