THE BOURSE WHISPERER: Intermin Resources Limited (ASX: IRC), with its 100 per cent-owned subsidiary Black Mountain Gold Limited, has struck a farm-in and Joint Venture agreement with La Mancha Resources Australia Pty Ltd.

Under the deal Intermin can earn up to 70 per cent of the prospective Binduli gold project near Kalgoorlie in Western Australia.

The Binduli gold project comprises a 98.8 square kilometre tenement package located some five to 20 kilometres west of Kalgoorlie adjacent to the Frogs Leg underground and the White Foil open pit gold mines operated by La Mancha.

The Joint Venture agreement excludes granted mining leases (ML26/499, ML26/621, ML26/346, ML26/549 and L26/261), which contain Intermin’s Teal and Peyes Farm gold deposits and are the subject of the company’s open pit mining development program.

“We believe that the region immediately north west of Kalgoorlie is very much under-explored and that there are significant discoveries still to be made in this area,” Intermin Resources executive director Dr Michael Ruane said in the company’s announcement to the Australian Securities Exchange.

“The Binduli project contains several exciting prospects requiring a continued exploration effort to follow-up.

“La Mancha is a logical partner to team up with, given their strong interest in the immediate area and their position as a successful producer.

“Importantly, they have the requisite financial and technical resources to aggressively pursue systematic exploration programs.”

Email: iadmin@intermin.com.au

THE BOURSE WHISPERER: Krucible Metals (ASX: KRB) has entered into a binding agreement with Resolve Geo Pty Ltd to acquire two advanced Exploration Licences with a database of mining and exploration information known as the Torrington tungsten project.

Krucible will hold 100 per cent of Exploration Licences 8258 and 8355 on completion of the transaction.

Krucible is to acquire the project for the initial issue of 12 million fully paid ordinary shares in the company and, subject to shareholder approval, up to a further 12 million shares to be issued at a later date on the satisfaction of particular milestones.

Krucible will also reimburse Resolve $135,000 in past exploration expenses.

The Torrington project is located in New South Wales approximately 35 kilometres south of the Queensland border near the NSW town of Tenterfield.

In its ASX announcement Krucible indicated it intends to immediately begin an intensive exploration drilling program to increase the Torrington project’s present JORC resource base.

“The project area encompasses numerous old shallow Tungsten mines and contains a small JORC 2012 tungsten (and topaz) Resource and sizeable exploration target with the potential for significant exploration upside in the short term from the company’s proposed exploration plan and revised resource modelling,” Krucible said.

Email: info@kruciblemetals.com.au

Website: www.kruciblemetals.com.au

THE BOURSE WHISPERER: Cassini Resources (ASX: CZI) has released the long-awaited Scoping Study for the company’s 100 per cent-owned Nebo-Babel nickel-copper deposits, located within the West Musgrave project in Western Australia.

Cassini said the Study results highlight the high-quality of the Nebo-Babel nickel-copper deposit, while confirming the economic viability of a future mining operation.

The report has delivered strong economics for the project, which Cassini said will allow for flexibility in determining the most appropriate development strategy, dependent on the nickel and copper price environment.

The project has come up trumps in terms of being economically viable at a range of different mine production and processing rates.

Cassini has assessed two preferred scenarios relating to production targets

A four million tonnes per annum mining and processing rate case over the life of mine, and a Staged Case scenario, which would commence processing ore at 1.5 million tonnes per annum expanding to four million tonnes per annum after eight years.

The cash costs for Nebo-Babel’s are forecast to be very low under both cases, at the lowest end of the range of Australian nickel producers, which Cassini considers to be a strategic advantage.

The estimated life of mine (LOM) C1 cash operating cost (after by-product credits) for the four million tonnes per annum Case is forecast to average US$1.82 per pound nickel in concentrate (Staged Case estimate US$2.61 per pound nickel in concentrate).

The four million tonnes per annum scenario is estimated to average annual production to be 12,300 tonnes per annum of nickel in concentrate and 14,300 tonnes per annum of copper in concentrate over an initial LOM of 15 years (Staged Case estimated to be 8,900 tonnes per annum of nickel in concentrate and 8,500 tonnes per annum of copper in concentrate over initial LOM of 15 years.

Cassini declared the level of annual production resulting from the four million tonnes per annum case would position it as a leading Australian nickel production company.

“The Scoping Study clearly demonstrates that this project will deliver enormous value to Cassini and its shareholders,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“It shows the significant economic value of Nebo-Babel, which is driven by its very low operating cost profile, huge mineral inventory, and exciting exploration potential of both it and the broader project area, as demonstrated by targets such as Succoth.

“An enormous amount of work has been done to release this study less than 12 months from acquisition, with the positive outcomes on all fronts reaffirming our strategy of focussing on the higher grade subset of the resource and applying a ‘mid-cap’ approach to development.

“We have rapidly progressed the project forwards in its development cycle and have highlighted a number of areas where we are confident we can further enhance its value.

“It is a very significant asset, one which we are highly confident of developing into a mining operation in the near future.”

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

THE BOURSE WHISPERER: Viento Group Limited (ASX: VIE) by way of its subsidiary company Viento Contracting Services (VCS) has been awarded a contract with BC Iron (ASX: BCI).

The contract covers the open pit mining, crushing and screening of ore from the Warrigal hub at the mining company’s Nullagine Iron Ore Joint Venture (NJV).

Viento valued the contract at approximately $40 million (excluding GST) for a duration of two years.

“This is an exciting opportunity for Viento to extend our capabilities beyond contracting and into contract mining and processing which has been the planned direction of VCS and in line with the experience of the VCS management team,” Viento executive director John Silverthorne said in the company’s announcement to the Australian Securities Exchange.

“This project will enable VCS to use its capabilities in materials processing, providing the complete service including running the continuous miners, loading, hauling, crushing and screening of the ore.

“The BC Iron award follows the recent successful completion of the NJV’s Outcamp 4 and 5 haul road.

“We look forward to a safe and successful project and to build on our partnership with BC Iron.”

The contract is due to commence from early April 2015.

Website: www.vientogroup.com

THE BOURSE WHISPERER: Peak Resources (ASX: PEK) has landed a $5 million unsecured loan to allow it to continue to advance development activities for the company’s Ngualla rare earth project in Tanzania.

The loan has been provided to Peak by Jersey-based Appian Natural Resource Fund.

In February this year, Peak announced a strategic funding deal with Appian and International Finance Corporation worth around $29.5 million.

The majority of conditions for the closing of this deal have now been completed.

Peak said this latest funding would allow the company to continue to accelerate development studies at Ngualla whilst it seeks one final Tanzanian regulatory approval.

The loan has a term of six months with an interest rate of eight per cent, which Peak indicated it intends to repay out of the initial tranches of the $29.5 million strategic funding.

Peak also announced it has appointed tier one engineering firm AMEC Foster Wheeler as the lead engineer to oversee the completion of the Ngualla Definitive Feasibility Study (DFS).

AMEC Foster Wheeler has experience in the design, engineering and construction of complex beneficiation, hydrometallurgical and solvent extraction plants in Africa.

Peak indicated AMEC Foster Wheeler is currently on site at the Ngualla project getting to know the project better.

“We are very pleased to have the ongoing support of Appian as we await completion of the regulatory approval process,” Peak Resources managing director Darren Townsend said in the company’s announcement to the Australian Securities Exchange.

“This funding allows us to continue to progress Ngualla’s development and we look forward to working with the AMEC Foster Wheeler team on the DFS.”

Email: info@peakresources.com.au

Website: www.peakresources.com.au