Ramelius Resources Surpasses December Gold Production Guidance

THE BOURSE WHISPERER: Ramelius Resources (ASX: RMS) announced it has exceeded the guidance range and produced record gold production at the company’s operations in Western Australia.

Ramelius Resources declared gold production of 58,012 ounces (Guidance: 51-55,000 ounces) in the December 2017 quarter.

The breakdown of contributions came from:

Mt Magnet 23,352 ounces;

Vivien 13,283 ounces; and

Edna May’s first contribution to the Group of 21,377 ounces.

“I am delighted to provide this update showing that Ramelius has attained our targeted annualised production rate of over 200,000 ounces,” Ramelius Resources managing director Mark Zeptner said in the company’s announcement to the Australian Securities Exchange.

“This record quarter exceeded guidance due to the hard work and focus by our operations teams across our three sites, including the newly acquired Edna May gold mine.

“I look forward to continuing this positive trend and solidifying our position as a growing mid-tier gold producer.”

 

 

Email: info@rameliusresources.com.au

 

Website: www.rameliusresources.com.au

 

Millennium Minerals Upgrades Bartons Underground Resources and Reserves

THE DRILL SERGEANT: Millennium Minerals (ASX: MOY) has progressed development of the proposed underground mining operation at the company’s 100 per cent-owned Nullagine gold project in Western Australia.

Millennium Minerals has completed an updated Mineral Resource and interim Ore Reserve for the Bartons deposit, comprising 627,300 tonnes grading 4.9 grams per tonne gold for 97,900 ounces of contained gold – a 22 per cent increase on the Phase 1 Mineral Resource announced in August 2017.

Millennium explained the updated Mineral Resource features a more than sixfold increase in Indicated Resources to 407,400 tonnes grading 5.6g/t gold for 72,900 ounces, up from 10,100 ounces previously.

The company said both the Phase 2 Mineral Resource and the maiden Ore Reserve will underpin a Feasibility Study on the Bartons underground mine, due for completion this quarter.

The Nullagine gold project achieved gold production of 21,400 ounces for the December 2017 quarter from ore sourced predominantly from the Bartons open pit cut-back, as well as the Au 81 West and Little Wonder deposits.

The fourth quarter operational performance took production for CY 2017 to 72,800 ounces of gold.

The company has finalised mine plans and production budget for the March 2018 quarter, which it expects to be underpinned predominantly by high-grade ore feed from the new Bartons open pit cut-back, supplemented by ore from the Au 81 West deposit and the new Golden Eagle South deposit.

Production for the quarter is expected to be 18,000 to 20,000 ounces of gold.

“Our strong production result for the December quarter reflects a huge effort by the entire team at Nullagine, and it’s important to note that the slight shortfall in ounces compared to our guidance is expected to be more than made up in the March 2018 quarter,” Millennium Minerals chief executive Peter Cash said in the company’s announcement to the Australian Securities Exchange.

“The company’s strong production profile in a rising gold market environment, underpinned by a debt-free balance sheet, gives us a unique opportunity to continue to invest strongly in the Company’s next chapter of growth.

“In that regard, completion of an upgraded Mineral Resource and Ore Reserve for Bartons Underground provides a very strong platform for us to move ahead rapidly with the development of our first new underground gold mine at Nullagine.”

Cash explained the free-milling ore from Bartons Underground will be processed through the existing CIL plant at Nullagine, which will form an important part of our production profile from the second half of this year onwards.

“At the same time, we are continuing to invest strongly in exploration to continue to grow our Resource and Reserve inventory,” he continued.

“Our exploration team has been incredibly successful in turning exploration concepts and prospects into new discoveries – most recently at Au81 West and Redbeard.

“Redbeard in particular is shaping up as a very exciting discovery for Millennium, having returned some of the thickest and highest-grade intercepts we have ever seen at Nullagine.

“A maiden Mineral Resource estimate for Redbeard is currently in progress and should be announced later this month.

“With our rigs back in the field from 4 January across multiple areas, we are continuing our strong commitment to growth through exploration and shareholders can now look forward to strong and consistent news flow on several fronts – exploration, development and, ultimately, the expansion of the operation as we complete the various studies designed to support a significant upgrade of the Nullagine processing plant later this year.”

 

 

Email: info@mmltd.com.au

 

Website: www.millenniumminerals.com.au

 

 

Gascoyne Resources Progresses Dalgaranga Towards Gold Production

THE BOURSE WHISPERER: Gascoyne Resources (ASX: GCY) informed the market of the construction progress being made at the company’s 100 per cent-owned Dalgaranga gold project in Western Australia.

Gascoyne Resources has worked up a Measured, Indicated and Inferred Resource at Dalgaranga of 31.1 million tonnes at 1.3 grams per tonne gold for 1,320,000 ounces of contained gold.

This includes Proved and Probable Ore Reserves of 15.3 million tonnes at 1.3g/t gold for 612,000 ounces of gold.

Gascoyne Resources said that GR Engineering (GRES) has made inroads to the design, engineering and construction of the 2.5 million tonnes per annum Dalgaranga processing plant with design and engineering complete and construction well advanced.

The company expects completion of work in approximately 5 months, which meets its scheduling.

“Construction of the project has been progressing on or slightly ahead of the original schedule, which will see commissioning and first gold production in the second quarter of 2018,” Gascoyne Resources said in its ASX announcement.

Construction activites completed to date include: concrete and civil works, including SAG mill foundations, CIL tank foundations, reagent storage foundations and wet area foundations.

SAG mill shell and ends have arrived on site, and installation has commenced.

Crusher foundations have also been completed while the modular crusher is scheduled to be loaded for shipping with delivery to site by mid-February.

CIL tank erection is also complete, including painting.

Foundations for a power station, along with a fuel storage facility have been completed.

Gascoyne indicated it expects the power station and fuel facility to be operational in late April/early May, in preparation for dry plant commissioning, with wet commissioning expected in May.

A tailings storage facility (TSF) and evaporation pond construction has also been completed

The initial TSF lift comprises construction of a 3.5 metre embankment.

The tailings pipeline is currently being installed.

Next to the 240-person Dalgaranga village, clearing has been completed for an airstrip, for which runway construction is well advanced and on schedule to allow direct flights to site from March 2018.

 

Email: admin@gascoyneresources.com.au

 

Website: www.gascoyneresources.com.au

Kin Mining Inks $35M Debt Facility

THE BOURSE WHISPERER: Kin Mining (ASX: KIN) announced the execution of a binding term sheet for $35 million (US$27M) with Canadia-based Sprott Private Resource Lending.

Kin Mining said the debt package will support the full pre-production and construction cost of the company’s 100 per cent-owned Leonora gold project (LGP) located in the North-Eastern goldfields region of Western Australia, forecast to be in production during the second half 2018.

Key terms include:

First payback is expected 18 months after first drawdown (expected 28 June 2019);
Annual interest rate of 8 per cent, plus the greater of US 12-month LIBOR or 1 per cent;
No cash flow sweep;
No hedging;
No cost overrun facility;
3,500,000 KIN ordinary shares will be issued to Sprott on closing with the shares to be escrowed for four months;
1.5 per cent NSR on first 100,000 ounces of gold produced by the LGP; and
Three-year loan term.

Kin explained the Credit Facility provides sufficient funding to carry out the necessary pre-production capital works, including the relocation and upgrade of the Lawlers mill to commence production at the LGP.

A Definitive Feasibility Study estimated a pre-production capital cost of $30 million with an 18 per cent contingency of $5.4 million for a total of $35.4 million.

Sprott has concluded technical due diligence and received investment committee approval, however the Credit Facility remains conditional on completion of legal and formal documentation and is expected to be closed by 23 December 2017.

A minimum equity raise will be required as a condition.

As a leading investor in the natural resource sector, Sprott said it was excited to partner with Kin to develop the LGP.

“We are delighted to partner with Sprott, the Credit Facility will allow us to immediately commence the development of the LGP and set us on a clear pathway to gold production and cash flow,” Kin mining managing director Don Harper said in the company’s announcement to the Australian Securities Exchange.

“Sprott is known to be well-versed in determining the viability of resource projects and making astute investment decisions.

“We look forward to collaborating with Sprott to become Western Australia’s next gold producer.”

Email: info@kinmining.com.au

Website: www.kinmining.com.au

Corazon Mining Completes Phase 2 Metallurgy Work at Cobalt Ridge

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) declared the achievement of highly positive results from a recently completed Phase 2 metallurgical testwork program at the company’s Mount Gilmore cobalt-copper-gold project in New South Wales.

Corazon Mining completed the testwork on a composited sample of drill core from recent drilling undertaken at the Cobalt Ridge deposit.

The testwork follows Phase 1 metallurgical testwork results the company reported in March this year.

Corzon explained that the Phase 2 testwork targeted lower grade material than that tested in Phase 1, claiming it to have delivered exceptional results.

Using a simple flotation processing has yielded recoveries of 93.6 per cent cobalt and 98.4 per cent copper.

The concentrate mass represented only 5 per cent of the initial mass feed, with the concentrate grading at 2.02 per cent cobalt and 5.18 per cent copper.

The company tested mineralisation that included what it considers to be the ‘background’ grade for the main lode within the Cobalt Ridge deposit.

The assayed grade of the sample was 0.14 per cent cobalt, 0.32 per cent copper and 0.09ppm gold, providing a variation to the previously tested high-grade mineralisation in the first phase metallurgical testwork.

“On-going testwork for the Cobalt Ridge deposit will focus on defining the down-stream concentrate processing options and detailed process engineering studies,” Corazon Mining said in its ASX announcement.

“Results to date suggest excellent potential for the production of a concentrate for hydrometallurgical processing.”

Email: info@corazon.com.au

Website: www.corazon.com.au

Genesis Minerals Results Enhance Ulysses Underground Potential

THE DRILL SERGEANT: Genesis Minerals (ASX: GMD) reported further results from the current resource upgrade and extensional drilling program underway at the company’s 100 per cent-owned Ulysses gold project, south of Leonora in Western Australia.

Genesis Minerals said the latest batch of assays had provided further evidence of the potential for a standalone underground mining and processing operation.

The company has now received assay results for the RC holes (17USRC141 to 151), following the initial batch of 13 RC holes reported on 10 November.

Genesis declared the drilling results have confirmed the continuity of the deeper mineralisation below the open pit and current Mineral Resource.

The current RC and diamond drill program, has now been expanded to 59 holes.

The drilling forms part of the Feasibility Study on the Ulysses underground project.

Latest assay results include:

17USRC142
4 metres at 4.55grams per tonne gold from 188m;

17USRC146
2m at 12.15g/t gold from 145m;

17USRC147
14m at 5.93g/t gold from 120m;

17USRC148
6m at 5.08g/t gold from 157m;

17USRC149
5m at 3.95g/t gold from 142m;

17USRC150
2m at 5.17g/t gold from 156m;

17USRC151
2m at 5.03g/t gold from 126m; and

17USRC151
2m at 5.98g/t gold from 150m.

“We continue to add significant value to the Ulysses Project with each successive drilling program we undertake,” Genesis Minerals managing director Michael Fowler said in the company’s announcement to the Australian Securities Exchange.

“The latest assays clearly demonstrate that high-grade mineralisation continues over significant widths below the open pit and well beyond the current resource boundaries, supporting the potential for a standalone mining and processing operation.

“In light of the excellent early results being achieved, we expanded the Phase 2 program to some 10,000 metres, allowing us to continue to test the mineralisation down-plunge.

‘This drilling, which was completed on the weekend, will lay the foundations for our next resource upgrade, which we are targeting for February next year.

“At the same time, we are continuing to progress the Underground Feasibility Study with multiple work streams advancing in parallel.

“We are also working towards a major new drilling program that will be undertaken in the first quarter of 2018 to define the broader potential of the Ulysses underground project.”

Website: www.genesisminerals.com.au

Cobalt Blue Holdings Confirms Railway Mineralisation Grade

THE DRILL SERGEANT: Cobalt Blue Holdings (ASX: COB) released initial assays from its a resource definition drilling program underway at the company’s Thackaringa cobalt project in New South Wales.

Cobalt Blue Holdings declared the results to have demonstrated strong continuity of cobalt mineralisation along both strike and down dip of previous drilling carried out at Railway.

The company said the assays boost the potential for it to enhance the project Mineral Resource supporting the transition from an Inferred to an Indicated Resource, in line with an ongoing Pre-Feasibility Study (PFS).

The company is currently compiling 2017 drill results into an upgraded resource estimate, which it expects to be released by April 2018.

The latest results come from the first 18 reverse circulation (RC) holes drilled at the Railway deposit.

Best intercepts include:

17THR042
72m at 1,115ppm cobalt, 10.1 per cent sulphur and 9.8 per cent iron from 15m;

17THR045
25m at 1,204ppm cobalt, 9.5 per cent sulphur and 10.6 per cent iron from 154m;

17THR047
18m at 1,145ppm cobalt, 7.5 per cent sulphur and 7.5 per cent iron from 11m;

17THR049
67m at 906ppm cobalt, 9.5 per cent sulphur and 9.1 per cent iron from 64m;

17THR052
20m at 982ppm cobalt, 12.2 per cent sulphur and 11.4 per cent iron from 10m and 113m at 830ppm cobalt, 7.3 per cent sulphur and 7.8 per cent iron from 104m; and

17THR055
41m at 1,096ppm cobalt, 10.4 per cent sulphur and 10 per cent iron from 61m.

The current drilling program totals 75 holes, comprising 16 diamond drill (DD) holes and 59 reverse circulation (RC) drill holes and is designed to upgrade to an Indicated Resource, expand the overall resource base, provide comprehensive geotechnical information and supply sample for additional metallurgical testing.

“The work continues to add substantially to our geological understanding of Thackaringa, with its significant combined strike length of 4.5 kilometres and widths varying from 25 to 100 metres,” Cobalt Blue Holdings chairman Rob Biancardi said in the company’s announcement to the Australian Securities Exchange.

“We look forward to the Indicated Resource upgrade to be released by 1 April 2018.”

Email: info@cobaltblueholdings.com

Website: www.cobaltblueholdings.com

BC Iron to Become BCI Minerals

THE BOURSE WHISPERER: BC Iron (ASX: BCI) is set to change the company’s name in a bid to reflect its broadening horizons.

BC Iron announced that, in accordance with a special resolution passed by shareholders at the company’s Annual General Meeting it will now be known as BCI Minerals Limited.

The company explained it is hoping to increase the value of its portfolio of assets in iron ore, salt, potash, gold and base metals.

“The Company’s ASX ticker will remain ‘BCI’ and trading on the ASX under the new name will commence on Wednesday 6 December 2017,” BC Iron said in its ASX announcement.

“Other than the new name, nothing will change with respect to shareholdings and no action is required from shareholders.”

Email: info@bciminerals.com.au

Website: www.bciminerals.com.au

In The Front Bar 2017

IN THE ROADHOUSE: The Roadhouse looks back on the events that kept its regulars entertained throughout 2017

3 Feb 2017

Returning to The Roadhouse after a well-deserved break we were greeted by a scene that would not have been out of place in a 1960s sci-fi film.

All the regulars were there, seated around the different vantage points of the Front Bar while the phone rang, and rang, and rang, and rang, but nobody seemed to dare move from their stool, or to even reach out to answer it.

They all sat there – staring blankly like the cold-eyed blond children from the Village of the Damned.
We marched over to phone uttering the usual intonations of martyrdom – ‘don’t worry I’ll get it’, or ‘it won’t answer itself you know?’ – or words to that affect, when a rousing chorus erupted around the room of ‘DON’T ANSWER IT!!”

It was then we noticed our Prime Minister – seated front and centre at the bar, looking as if he been pulled through the wringer backwards, then sent in again the right way around.

‘It might be him, again’, he said cryptically.

All others stood behind him now, nodding in solidarity.

We weren’t sure who ‘him’ maybe, or how many times ‘him’ may have rang while we were away, or what ‘him’ may have said when he did call.

All we knew was that something dark and sinister had permeated the space. It would appear we’re in for a big year.

10 Feb 2017

The regulars in the front bar of The Roadhouse were ruminating over Anthony Mundine’s appeal against the decision of the pugilistic pummelling he received from Danny Green, labelling it as ‘poor form’, when Cory Bernardi swanned in.

Slamming a wad of notes on the bar, CB declared drinks for everybody, but he soon found himself drinking with the flies when nobody elected to join his party.

Even former cohorts Eric Abetz and George Christensen kept their distance, choosing instead to hold uncomfortable conversations with the likes of Scott Morrison and George Brandis, in a display of solidarity.

Just then the door over the front door rang and Malcom Turnbull entered the fray full of vim and vitality after giving Bill Shorten the rounds of the kitchen, itching for another fight.

Bernardi quietly finished his pony of beer, slid of his barstool and silently walked out the door.

Seems that stoush has been postponed for now.

17 Feb 2017

We didn’t realise at the time, but The Roadhouse’s annual past pollie sundowner on Wednesday night will most likely be the last time we host the event.

These are usually one of the most popular nights on The Roadhouse calendar with attendees flying in from the most remote corners of the country.

The main topic of conversation on the night, however, was the proposal by Malcom’s government to rescind the Gold travel card for our former parliamentary representatives.

That they will no longer qualify for 10 free domestic flights each year and instead will have to pay their own way, infuriated our post politic guests.

When pressed to represent the groups’ feelings in parliament, guest speaker, and future post politician, Tony Abbott said that as a backbencher on the outer of the cabinet, there wasn’t much he could do.

And, he added, as a former prime minister, he was – fortunately for him – not in the same predicament.

When Tony was reminded that his time as PM was a week short of the qualifying period for former-PM perks, including said air travel, his demeanour quickly changed.

As he raced out the door, Tony stopped to take a Cory Bernardi Party membership form from the notice board.

10 Mar 2017

Decoration has been the buzzword around the front bar of The Roadhouse this week as we prepared to host whichever team might win this weekend’s Western Australia state election.

Hanging streamers has been put on hold until the last minute until we know whether to hang red for a Labor victory, blue to celebrate the return of the Liberal Emporer, or if we may neeed to festoon the bar with the specially flown-in poo brown streamers should One Nation have cause to kick up their heels.

This conundrum has also stymied menu preparations as we will have to wait until Anthony Green declares a result to put ensure the party pies and sausage rolls in the warmer are do not contain any Halal for the PHON pollies and pollsters to eat.

Just as we were taking down the posters from the previous evening’s child vaccination promotion WA Nationals leader Brendan Grills moped in, threw 25 cents on the bar and demanded a beer – 1964 style.

Quickly making his way through two dollars, Grills began boasting how he had decided that if it was good enough for others to live on a cost of living from over 50 years ago, it was good enough for him.

He declared he would now only pay $4 for a packet of ciggies, and when he goes to the footy will hand over just 25 cents for his Footy Record and if his team makes it to the Grand Final this year he expects to only pay $16 for the privilege of attending.

We quietly organised the endless piles of How to Vote cards as he continued his ramblings.

24 Mar 2017

There was much debate in The Roadhouse this week when local Kebab vendor, Kevin popped in on Tuesday afternoon to ask the locals for some assistance.

It transpires that Kevin is due to sit the multiple-choice section of his citizenship exams next week and was having difficulties with one of the questions.

Question 18, asks: When encountering a person of different hue, orientation, height, or age, it is Australian custom to…

A) Immediately contact Andrew Bolt

B) Call Pauline

C) Greet them with a friendly salutation, ask them if they require any help going about their daily routine, or generally behave in a courteous, respectful manner

D) None of the above.

Oddly enough it was response 18C that evoked the most heated responses.

The discussion went on long into the night, culminating in breakaway factions all hunkering in different corners of the front bar discussing strategies for establishing their rewritten version of answer 18C to be the one the entire nation conduct itself by.

Suddenly the front door swung open and Prime Minister Malcom strode into the room.

Somebody yelled at him to close the door.

21 April 2017

The Roadhouse was presented with the opportunity to perform some ‘official duties’ this week following a visit from Federal Immigration Minister Peter Dutton.

The Minister declared he held the opinions of our front bar regulars in high regard and was eager to employ their views on a matter requiring much diplomacy.

He needed help formulating questions for Malcolm’s new Citizenship Test and wasn’t too sure where to begin.

The front bar crew quickly drew up a rough draft.

Q1. There is much debate about how tomato sauce should be added to a meat pie. Should the sauce be spread on top of the pie or injected into the meat and gravy?

Q2. True or False? There is only one true code of football. (Applicants should take into consideration the city/state they are sitting the exam).

Q3. The two major Australian political parties, Liberal and Labor, both start with the same letter. Are there more similarities, or any differences, between the two? Discuss. (500 words)

Q4. Name three items of sunsmart clothing Pauline Hanson would not wear to the beach.

Q5. From the list below, choose the person you feel should win the Gold Logie on Sunday.

a) Bob Katter
b) Penny Wong
c) Barnaby Joyce
d) Karl Stefanovic
e) Pete & Manu

Dutton attempted the test, but was unsuccessful. Now stripped of his citizenship, his parliamentary standing is in doubt.

26 May 2017

There was an awkward moment in The Roadhouse this week when Australian Ladies Wimbledon Champion and Maverick Church Minister Margaret Court paid us a visit.

That she was there was not the awkward part, but the timing of her call meant that she was in the bar at the same time as QANTAS Chief Alan Joyce, which hung a frosty pall over the room.

The Roadhouse Hostess moved seamlessly between the two, taking drink orders before we commenced dinner service.

Things heated up when, just before dinner service commenced, Court made the unusual request of being moved to another table.

She was informed this could only be possible was if she was prepared to move into the economy section of the bar, as this was the only section that had seating available.

A kerfuffle ensued, and she stormed out, declaring she refused to return until The Roadhouse tightened – what she described as – obvious loose standards.

As the door slammed behind her, Joyce stood and announced he would shout champagne for everybody in the bar – even hose in the economy section.

Frequent Flyer Cards were tossed in the air in a celebratory hurrah.

9 Aug 2017 (Diggers & Dealers Day Two)

We were reminded, in no uncertain terms on Monday night, just how the Kalgoorlie locals feel about all the shiny bum types from the city who occupy their city for this one week each year.While enjoying a dinner at The Palace Hotel, those who still enjoy a nicotine inhalation, had ventured outside to have a quiet puff.

As they stood on the footpath a group of young chaps drove past yelling, “go home you poofters”.
A quick lap of the block and they were back again, this time armed, and pelted our citified smoking pals with eggs.

Regaling us of their drive-by-egging ordeal, we couldn’t help but admire the perpetrators unashamed willingness to use archaic non-politically correct turn of phrase in concert with a missile that has long proved useful when one wishes to demonstrate disapproval.

If there wasn’t documented proof that the senior realms of the Federal Liberal Party had indeed made it back to Canberra for its Plebiscite Pow Wow, there could have been some solid, if unsubstantiated claims made on the identity of the ovum tossers.

Fortunately, our heroes were uninjured, but were on the receiving end of a few wise cracks throughout the night.

25 Aug 2017

There was a twist to the opening of The Roadhouse annual comedy festival this week with the announcement of a new competition.Punters were given the opening line of a joke and then asked to complete the gag.

The witticisms were to open with – A New Zealander, an Italian, and an Englishwoman walked into the Front Bar…

Third Prize was picked up by a seemingly confused Front Bar Frequenter in Frank who opined: I don’t care who they marry!

Second Prize went to Roadhouse regular, Reg with: and asked for a large table as they were expecting others to join them.

The winning entry came from the Roadhouse’s new multicultural commentator, Masood, who observed: and although they all looked like and behaved in the manner accepted by Australian society, all three were deemed to have allegiance to a second sovereign state, which in effect draws suspicion to their patriotism and how they may truly represent the good people who elected them, a sizeable percentage of which also, without doubt, hold dual citizenship.

After being presented with his Halal meat tray, Masood was off to the local Council Chambers to celebrate his own Australian Citizenship Ceremony where he could swear his loyalty to his adopted country and its Queen.

13 Oct 2017

It was Learn About Science Time in The Roadhouse this week, culminating in our annual volcano building competition.

The Front Bar was chock-a-block with chicken wire and papier mache contraptions, of which a few caught the judges’ eyes.

The first was a confusing number belonging to Greens Supremo Richard Di Natale. Although shaped like a volcano, Di Natale explained it represented a coal mine and the associated lava and ash plumes were designed to flow into the pristine marine environment below.

The judging panel appreciated his efforts, but quietly admitted in an aside that they found the work as confusing as his piece for The Roadhouse interpretive dance competition earlier in the year.

Bill Shorten impressed pollsters with his small, but effective, display consisting of a small volcanic display that puffed out tiny, yet abundant amounts of smoke cleverly triggered by a voice recognition device tuned into a recording of Malcolm Turnbull.

The largest, most grandiose, display was that of former PM and current backbencher Tony Abbott.

The six foot tall exemplar boasted a wide mouth skirted by suit-clad effigies of both gender waiting to be sacrificed to the insatiable gods within.When asked how many sacrifices would be required to appease his volcanic masters, Abbott whispered in a foreboding tone – as many as it takes.

10 Nov 2017

Just when you thought it was safe to enter The Roadhouse again, the citizenship debacle reared its ugly head once more.

It now appears there are, as has been suspected for some time, any number of MPs from all vantage points of the political divide who are possibly unqualified to hold the positions they were elected to hold, albeit they should not have been running in the first place.

The irony is that as our country’s political standing is being jeopardised by a lack of qualified participants, while our friends in the USA, thanks to the recent spate of sexual harassment claims against elder statesmen of its entertainment industry, now has a surplus of middle aged white men who are qualified to run for President.

The grumblings of the Proletariat have been growing louder in the Front Bar of late, as the frustrations of the people draw them together.

Forget The Far Right or The Far Left, these are the folk of The Far Vacuum, inexorably tied to system that demands we are represented by true blue citizens of our great land who are ultimately answerable to the unelected sovereign of a land located far, far away.

Christmas can’t come early enough so we can open our Easter Eggs.

24 Nov 2017

The Roadhouse was surprised this week when PM Malcolm decided to give his fellow lower-house parliamentarians a week off.

Surprised mainly because if there was ever a PM who would skive off work for the first week of an Ashes Test Series, it would have been Howard, J. W.

However, what most commentators have missed, is that Malcolm obviously has an ulterior motive in allowing the peoples’ lower chamber representatives an opportunity to show their true patriotic colours.

A day in the outer – or Members’ Stand – at the cricket is a much more stringent litmus test for potential dual citizenship loyalties, than appearing in front of the wigged and gowned folk of the High Court.

It will be interesting to see how many by-elections we can set off from a Gabba Gaff.

IT ALL HAPPENS AT THE ROADHOUSE

Tyranna Resources Acquiring Kalgoorlie Gold Producer

THE BOURSE WHISPERER: Tyranna Resources (ASX: TYX) has entered into a binding agreement to acquire the advanced Eureka gold project from Canadian TSX Venture Exchange-listed Central Iron Ore Limited.

Tyranna Resources said the project, which hosts the Eureka open cut gold mine, will provide the company with a potential cash generating asset that can be used to fund its exploration activities at the Jumbuck gold project in the northern Gawler block of South Australia.

Tyranna will be commencing additional drilling in December aimed at upgrading the project’s historical resource estimate to a JORC (2012) compliant estimate.

Samples from this drilling will be used for geotechnical (Optical Televiewer (OTV) to be used for increased structural information collection and interpretation) and metallurgical test work.

Upon receipt of the drill results, Tyranna will commence a mining feasibility study to evaluate the possibility of mining and toll treating to nearby processing mills.

Once the mineral resource has been updated mining studies will commence with the aim of estimating an updated Ore Reserve.

“The Eureka open cut gold mine is currently being developed by a local contractor and it is expected that production will commence in early December 2017,” Tyranna Resources said in its ASX announcement.

“Production is scheduled to extend the depth of the current open pit by approximately 20 metres and will be completed during the March 2018 quarter.

“Once this phase of mining is completed, Tyranna will estimate an updated Ore Reserve with the aim of recommencing mining pending the results of a feasibility study.”

Under the terms of the acquisition, Tyranna will receive a royalty equal to 4 per cent of the net smelter return generated from the sale of gold and or any other minerals.

The company indicated that all royalty receipts will be used to offset the acquisition consideration.

Tyranna will receive $250,000 when production commences as a prepayment of this royalty.

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com