THE BOURSE WHISPERER: Australian-based mineral exploration and development company Vital Metals has entered into an Earn-In Agreement over its 100% owned Watershed tungsten project in Queensland, with Japan Oil, Gas and Metals National Corporation (JOGMEC). According to Vital Metals chairman David Macoboy, under the terms of the Agreement, JOGMEC can earn 30% of the Watershed […]
THE DRILL SERGEANT: Perth-based gold play Bulletin Resources has received initial results from the current 11,500 metre RC drilling program being carried out at the company’s wholly owned Nicolson’s Gold project near Halls Creek in Western Australia. Drilling commenced at Nicolson’s in late April initially targeting interpreted north-plunging high grade lode extending below the former […]
THE BOURSE WHISPERER: Australian gold producer and mineral explorer St Barbara has commenced gold production from its King of the Hills underground mine at Leonora. The King of the hills mine has had a fairly impressive development run having first been approved just over a year ago in March 2010. By September a Definitive Mine […]
THE DRILL SERGEANT: The share price of Australian exploration company Corazon Mining has continued to rise this morning following yesterday’s trading that saw it surge 92.31% with just over 9 million shares traded. The attention came on the back of an announcement of some impressive results from the company’s current drill program at the EL […]
ASX-listed Perth-based nickel miner Mincor Resources has advanced its growth and diversification strategy after striking a $30 million joint venture deal covering a suite of high-potential gold and copper exploration projects in Papua New Guinea. The transaction with PNG exploration company Niuminco Limited and its subsidiaries, provides Mincor access to a pipeline of growth assets […]
THE DRILL SERGEANT: Helix Resources recently completed a total of 59 drill holes, completing around 6,000 metres of RC drilling, on its Restdown gold joint venture (Helix earning 70% by expending $700,000 by June 2012; Glencore International AG 100%) during April. The program was carried out to test extensions and continuity of significant gold results […]
THE BOURSE WHISPERER: Australian rare earths company Arafura Resources has successfully completed its Hydrochloric acid regeneration program. The program is an integral part of the company’s wider, previously reported Technology program. The process involves taking calcium chloride residues from the Phosphate circuit and re-acting them with Sulphuric acid to produce re-useable Hydrochloric acid, a key […]
THE DRILL SERGEANT: The maiden drilling program of Glory Resources on its flagship Onion Lake project has intersected a mafic intrusion. According to Glory the intersected mafic intrusion sequence is geochemically similar and is likely to represent an extension to the adjacent Magma Metals mafic-ultramafic conduits, namely the Current Lake Intrusive Complex. At Current Lake, […]
THE BOURSE WHISPERER: An interstate consortium of iron ore explorers has formed the Braemar Iron Alliance, to promote common infrastructure development for mining and to advance their common interests. The companies all are actively exploring to define iron ore deposits within the Braemar Iron Formation, an iron ore province starting west of Broken Hill and […]
THE BOURSE WHISPERER: Some interesting acquisition activity on the Goldfields has resulted in MacPhersons Reward Gold enter a binding Memorandum of Understanding with regional mainstay Reed Resources/ Under the MOU MacPhersons is set to acquire the assets of Reed’s Nimbus silver project, located at Kalgoorlie, including mine, mill and polymetallic deposits. The package comes […]
