STAY AT THE RESOURCES ROADHOUSE PENTHOUSE

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Located in the leafy Perth suburb of Shenton Park, The Roadhouse Penthouse is a self-contained apartment suitable for one or two guests.

The Roadhouse Penthouse is a 10-minute walk to the Shenton Park train station that takes you to the City of Perth in one direction and to Fremantle in the other.
Special Event trains take you directly to Optus Oval on Match Days.

It is also a 10-minute walk to Sir Charles Gairdner Hospital, from where you can catch the Number 24, 25, or 103 buses directly into St Georges Terrace, or stop off along Kings Park Road and stroll into West Perth.

Walk an extra two minutes from the hospital, and you are in Kings Park.

RATES: $120 PER NIGHT

MUST BE DOG LOVERS

 

CONTACT: Wally Graham

wally@resourcesroadhouse.com.au

Peel Mining Confirms Southern Nights Mineralisation Continuation at Depth

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported drilling and geophysical results from the company’s 100 per cent-owned Wagga Tank/Southern Nights project, south of Cobar in western New South Wales.

Peel Mining said that assay results from drillhole WTRCDD122 confirmed a strongly mineralised intercept at more than 350 metres below surface adding substantial down-dip continuity to mineralisation at Southern Nights.

WTRCDD122
22.1 metres at 6.62 per cent zinc, 2.19 per cent lead, 0.87 per cent copper, 60 grams per tonne silver, 0.42g/t gold from 459m, including 5.1m at 18.36 per cent zinc, 5.71 per cent lead, 0.12 per cent copper, 72g/t silver, 0.2g/t gold from 476m.

Peel Mining said that follow-up drillhole WTRCDD124 confirmed the critical stratigraphic contact hosting Southern Nights’ mineralisation remains present at more than 500m below surface.

Downhole electromagnetic (DHEM) geophysical surveying of drillhole WTRCDD123 also identified an off-hole conductor the company considers to likely represent extensions to recently-reported mineralisation encountered in WTRCDD123 of:

14.45m at 2.43 per cent copper, 2.67g/t gold, 123g/t silver, 2.58 per cent zinc, 0.87 per cent lead from 435.55m.

Drillhole WTRCDD101, positioned south of Wagga Tank and north of Southern Nights, returned a mineralised interval that company determined as further evidence of a link between the deposits.

The intercept in WTRCDD101 is located some 250m south and around 250m up-dip of the intercept in WTRCDD123.

“WTRCDD123 is situated between Wagga Tank and Southern Nights and coupled with WTRCDD101 and other intervening drillholes has established a link between the two deposits,” Peel Mining said in its ASX announcement.

“Current drilling is focused on testing for deeper mineralisation at Southern Nights and in the Wagga Tank-Southern Nights corridor.

“Induced Polarisation (IP) geophysical surveys along with downhole electromagnetic (DHEM) surveys are continuing.

“A comprehensive review of geophysical data is also practically complete (final report awaited) whilst first-pass metallurgical testwork is continuing.”

 

Email: info@peelmining.com.au

Website: www.peelmining.com.au

 

Pioneer Resources Completed Mavis Lake Drill Program

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Pioneer Resources (ASX: PIO) has completed a drilling program at the company’s Mavis Lake lithium project in the province of Ontario, Canada.

Pioneer Resources carried out the drilling in conjunction with its Joint Venture partner, TSX Venture-listed International Lithium Corp. (ILC).

The program targeted the Fairservice Pegmatite 6 prospect and consisted of nine diamond core holes, seven of which intersected mineralisation, including multiple wide intersections of spodumene-pegmatite that Pioneer considers to have enhanced the project’s prospectivity.

Results included:

MF18-53
68.3 metres from a depth of 82.7m;

MF18-57
30m from a depth of 117m;

MF18-58
29.8m from a depth of 116.8m; and

MF18-51
25.3m from a depth of 76.7m.

“The 2018 drilling program has greatly enhanced the project’s prospectivity as knowledge of the dimensions of the Fairservice Pegmatite 6 spodumene-pegmatite cluster, which isn’t evident in outcrop, is gained, Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“Mineralised drill core has been sent for analysis, with results expected by the end of March 2018.

“At this time the Joint Venture will further update the Market and describe plans for future drilling, as at this stage mineralisation has not been closed off.”

 

Email: info@pioresources.com.au

Website: www.pioresources.com.au

 

S2 Resources Sell WA Gold Projects to Westgold

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THE BOURSE WHISPERER: S2 Resources (ASX: S2R) executed a binding Heads of Agreement with Westgold Resources (ASX: WGX) to sell its Western Australia gold project interests.

S2 Resources will sell Westgold its interest in the Polar Bear project (100%), Eundynie Joint Venture (80%) and the Norcott project (100%) via the sale of all of the shares in S2’s wholly owned subsidiary Polar Metals Pty Ltd.

Under the terms of the Agreement, S2 will receive $3 million cash plus four million Westgold shares.

Assuming a share price of $1.50 per share, the total consideration will be $9 million and S2 will sign a voluntary restriction agreement in respect of the Westgold shares for a period of six months from settlement.

S2 Resources said the sale add strength to its balance sheet with cash and investments now totalling approximately $25 million, which the company said enhances its capacity to focus time and funds on the opportunities presented in its overseas exploration activities.

It will also retain exposure to the upside of Polar Bear’s nickel prospectivity, which includes the Taipan and Halls Knoll nickel prospects discovered by S2’s precursor, Sirius Resources.

S2’s WA gold projects include the Baloo gold deposit, which despite being too small for S2 to develop as a stand-alone mining operation, is considered to be a good strategic fit for Westgold, which owns the Higginsville gold operation located within 10 kilometres of Baloo.

“We are pleased to have executed this agreement, which is part of our strategy to focus on those opportunities that we believe have the best potential to deliver a significant discovery, whilst minimizing the need for external funding and keeping our capital structure as tight as possible so that in the event of success our shareholders retain maximum leverage to it.

“We are also pleased to become a shareholder of Westgold and look forward to Westgold progressing the development and exploration of the WA gold projects.”

 

Email: admin@s2resources.com.au

Website: www.s2resources.com.au

Kin Mining Finalises Ball Mill Acquisition

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THE BOURSE WHISPERER: Kin Mining (ASX: KIN) exercised an option to acquire a 2.5 megawatt ANI-Ruwolt ball mill, CIL agitators and screens through the payment of $1.27 million to Macca-Interquip.

Kin Mining said the purchase completes the acquisition of necessary key equipment required for the development of the company’s Leonora gold project (LGP) in Western Australia, which currently under development.

Kin explained the purchase of the essential drive train components came with a few extras, including a spare motor, gearbox and pinion along with engineering details which will serve to reduce installation costs.

The ANI mill was last used at the Mt McClure gold operation in WA and is said to be in good condition with the six intertank screens and agitators being unused and in new condition.

The installation of the 2.5MW ball mill forms part of the upgrade of the Lawlers plant at the LGP, which Kin expects to provide single-stage primary grinding of the Cardinia ores at an annualised throughput rate of 1.5 million tonnes per annum.

“Kin has been very fortunate to secure this long lead equipment at a very competitive price,” Kin Mining managing director Don Harper said in the company’s announcement to the Australian Securities Exchange.

“Our construction team can now commence refurbishment work to ensure it can be installed according to the LGP development schedule.”

 

 

Email: info@kinmining.com.au

Website: www.kinmining.com.au

Blackstone Minerals Hits Encouraging Cobalt Numbers with First Hole at Little Gem

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) announced results from the first hole drilled at the company’s Little Gem cobalt-gold project in British Columbia, Canada.

Blackstone Minerals explained the hole had kicked off its first drilling program to be carried out at the project and had intersected massive, semi-massive and disseminated mineralisation, producing results including:

4.3 metres at 1 per cent cobalt and 15 grams per tonne gold, including 1.1m at 3 per cent cobalt and 44g/t gold.

Blackstone claimed the initial results from the maiden drilling program are consistent with historic drilling and adit channel sampling, which returned average grades of 3 per cent cobalt and 20g/t gold.

The company indicated that the first hole had only tested the upper portion of the mineralised target where multiple zones of massive sulphide (cobalt-gold) mineralisation has been identified within a broader alteration halo.

The drilling is also consistent with historic underground drilling from adits including:

1.8m at 2.4 per cent cobalt and 112g/t gold;

3.3m at 1.4 per cent cobalt and 80g/t gold; and

3.3m at 1.4 per cent cobalt and 12.3g/t gold.

Results from historic adit channel sampling at Little Gem include:

1.8m at 4.4 per cent cobalt and 73g/t gold;

2m at 3.1 per cent cobalt and 76g/t gold; and

1.5m at 5.4 per cent cobalt and 26g/t gold.

“An outstanding result from our first drill hole at Little Gem,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We look forward to recommencing the maiden drill program in Q2 2018.

“With further regional exploration results pending we continue to expand our understanding of the full potential of the project.

“These initial results confirm Little Gem as one of the highest-grade cobalt-gold projects in the world located within a region completely unexplored for cobalt.”

 

 

Email: admin@blackstoneminerals.com.au

 

Website: www.blackstoneminerals.com.au

 

Ramelius Resources Surpasses December Gold Production Guidance

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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

 

Gascoyne Resources Progresses Dalgaranga Towards Gold Production

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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

Musgrave Minerals Confirms Break Of Day Continuity

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THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) claimed to have confirmed continuity of gold mineralisation at the Break of Day deposit at the company’s Cue project in the Murchison region of Western Australia.

Musgrave Minerals reported further high-grade assay results from a reverse circulation (RC) drilling program currently underway at the wholly-owned Break of Day deposit.

Latest intersections include:

17MORC108
11 metres at 13.8 grams per tonne gold from 115m down hole, including 6m at 24.5g/t gold from 120m down hole;

17MORC107
10m at 7.6g/t gold from 96m down hole;

17MORC117
6m at 8.2g/t gold from 84m down hole, including 2m at 20.9g/t gold from 86m down hole; and

17MORC118
3m at 12.6g/t gold from 142m down hole within a broader interval assaying 39m at 1.7g/t gold from 142m.

The company indicated further assays from three holes drilled at the Louise prospect, located 750m south of Break of Day, are expected this week

“The high-grade gold results continue to confirm the continuity of the mineralisation which is a positive step towards a resource classification upgrade at Break of Day,” Musgrave Minerals managing director Rob Waugh said in the company’s announcement to the Australian Securities Exchange.

“The continuing high grades are enhancing the team’s confidence in the resource and our ability to deliver an economic mine at Break of Day.”

Break of Day currently hosts a combined (Indicated and Inferred) Mineral Resource of 868,000 tonnes at 7.15g/t gold for 199,000 ounces of gold.

Musgrave Minerals expects the resource will increase with further drilling.

Email: info@musgraveminerals.com.au

Website: www.musgraveminerals.com.au

Bass Oil Looking to Unlock Indonesian Potential

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THE CONFERENCE CALLER: Bass Oil (ASX: BAS) is a growth-focused oil production company operating in the prolific South Sumatran basin of Indonesia. By Jack Baker
 
Speaking at the RIU Good Oil conference in Perth, Bass Oil managing director Giustino Guglielmo spoke of why the company had made its venture into Indonesia.

He summarised it as being, “simple, low-cost and profitable” with multiple opportunities.
 
Gulgielmo said the company was in a very exciting place to be and they are generating free-cash flow that is paying all the bills in Indonesia and their overheads in Melbourne.

He said their Indonesian asset would likely be self-funding with the last of their payments due in December 2018.
 
Bass was formerly a Gippsland Basin exploration company that found itself stranded with an acreage position that they couldn’t do anything with after the 2014 downturn.

Over the last two years they searched for an acreage position with which they could give the company rebirth.
 
Unable to find a position in Australia that made sense, Bass Oil approached their largest shareholder, Cooper Energy, on the potential for Bass to be a vehicle for Coopers’ international portfolio.

Bass acquired Coopers’ 55 per cent stake in the Tangai-Sukananti KSO in Indonesia on what Guglielmo referred to as, “favourable terms”.
 
The property was producing between 300 to 500 Barrels of oil a day (BPD) through the last year. Bass started production optimisation work and got production back to 600 BPD.
 
Gulglielmo said the KSO is long-life with a significant amount of time to extract hydrocarbon resources, expiring in 2025.

The company’s first objective, however, is to continue production optimisation over the next 12 months, while keeping production at or above current levels.
 
The production of 600 BPD comes from thee wells only, driven largely by two key wells.

Guilgelmo recounted an anecdote of his noticing the pressure of a wellhead that was producing 50 to 55 BPD.

He opened the choke, descaled the pipe and got the well production back a week later to 300 BPD.
 
Guglielmo described Indonesia as a, “slow place to work” with the need to plan ahead.

The company’s offices are in Jakarta and the field team is all-Indonesian and Guglielmo described the work culture as being quite linear, with optimism on the company’s ability to parallel plan and reduce any bottlenecking.
 
Bass Oil has taken underway a fully integrated study including static and dynamic modelling that Guglielmo said will come up with significant findings.

He described two other potential wells as being, “no-brainers”.
 
Guglielmo said the company has also uncovered another potential site and was engaged in finding any reason why oil wouldn’t be there.

The company will explore the site in its 2018 drilling programs with targets identified through 3D seismic testing.
 
There are several fields that surrounds Bass’ KSO and it is currently engaged in forming relationships with other Indonesian companies.

Guglielmo described the potential partners as being impressed with the work done by Bass at Tangai-Sukananti.