THE BOURSE WHISPERER: Central Europe-focused ASX-listed Underground Coal Gasification play Wildhorse Energy has entered into agreements with institutional and sophisticated private investors who will undertake a placement of just over 22.6 million ordinary shares at an issue price of 31 cents per share, in order to raise gross proceeds of $7 million. The placement, undertaken […]
THE BOURSE WHISPERER: Surfers Paradise-based Monteray Mining Group has stepped outside its Western Australian focus by entering into a binding acquisition agreement to acquire a package of three gold licenses in Burkina Faso. The licences are subject to the grant of permit applications covering 416 square kilometres of highly prospective ground in central western Burkina […]
THE DRILL SERGEANT: First pass RC drilling undertaken by Perth-based Castle Minerals at its Baayari prospect in north-west Ghana has intersected a strong zone of gold mineralisation. The Baayiri prospect is within the Julie –Jang Trend, a gold corridor that has never previously been explored. Drilling at Baayiri is part of Castle’s wider exploration program […]
THE BOURSE WHISPERER: Renewable energy wind famers Infigen Energy announced financial close under the Woodlawn Wind Farm project finance facility and that it has successfully imported electricity to the grid as part of the wind farm’s pre-commissioning testing procedures. In December 2010 Infigen signed a project finance facility agreement with Westpac for the 48.3 Mega […]
THE DRILL SERGEANT: New South Wales-focused gold explorer YTC Resources has received encouraging results from an ongoing drilling program at its Nymagee copper project (YTC-90%) in the Cobar Basin. Drilling was carried out in the western lead-zinc-silver lens located approximately 10 to 15 metres west of the Nymagee main lode. Hole NMD032 was drilled from […]
The Western Australian State Government has drawn the names out of the Co-funded Exploration Drilling Program hat. A total of 42 companies and individuals applied for help with drilling 53 different exploration plays up and down the state. The list includes company names such as Hancock Prospecting and Fortescue Metals Group demonstrating how much easier […]
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: Medusa restructures board Following […]
THE BOURSE WHISPERER: Multi-commodity resource development company, Metallica Minerals has announced a fully underwritten renounceable rights issue to raise approximately $4.9 million. Funds raised will be used to advance two of the company’s key minerals projects in Queensland. These are the NORNICO nickel, cobalt and scandium project northwest of Townsville and the Weipa zircon/rutile minerals […]
THE DRILL SERGEANT: Base metals mining and exploration company Perilya has announced a new mineral resource estimate for the North Moolooloo high grade zinc prospect. The new resource estimate is located in the Northern region of the North Moolooloo exploration project in the Flinders region in South Australia. Perilya discovered the North Moolooloo deposit during […]
THE BOURSE WHISPERER: Software and computer developer turned South American gold explorer Ezenet has executed an agreement with Chilean company Compania Calcia. The agreement will see the company acquire a 100% interest in the Vega Gold exploration project located in Chile’s El Indio Gold Corridor. The Vega project comprises 10 gold Exploration Concessions covering an […]
