ALL THE NEWS
WA Budget Raises Gold Royalties Anger
/in Uncategorized /by Wally GrahamIN THE LOBBY: Western Australia Treasurer Ben Wyatt provided a nasty shock for gold miners as he handed down his first state budget. Leading up to the budget, Premier Mark McGowan claimed more than $5 billion in revenue has been lost since February’s pre-election financial statement, which showed a $3 billion deficit and $33.2 billion […]
Metallica Minerals Sells SCONI Project for $10M
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Metallica Minerals (ASX: MLM) has executed a Sale and Purchase Agreement with Australian Mines (ASX: AUC) for the SCONI cobalt-nickel-scandium project in North Queensland. Metallica Minerals said the $10 million cash and shares sale covers 100 per cent of the project tenements to Australian Mines, superseding a Farm-in and Joint Venture Agreement […]
Australian Potash Completes Review of Yamarna Gold Project
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Australian Potash (ASX: APC) provided a progress report on exploration at the company’s Yamarna gold project, north-east of Laverton in Western Australia’s Eastern Goldfields. The Australian Potash tenements cover an estimated 65 kilometres of strike, 60 kilometres north-west of the 6-million-ounce Gruyere mine development of neighbour Gold Road Resources (asx: GOR). APC […]
Middle Island Resources Achieves High Two Mile Hill Gold Recoveries
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Middle Island Resources (ASX: MDI) declared it had received “exceptional results” from a preliminary metallurgical testwork program undertaken on the Two Mile Hill tonalite deeps mineralisation at the company’s 100 per cent- owned Sandstone gold project in Western Australia. Middle Island said recent metallurgical testwork results had indicated gold recoveries of 93 […]
Rox Resources Commences Collurabbie Drilling
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Rox Resources (ASX: RXL) has commenced an aircore drilling program at the company’s Collurabbie project, north of Laverton in Western Australia. Rox Resources said the drilling is scheduled to comprise 6,000 metres, and will test a number of targets located within the company’s tenements. “This will be our first on-ground exploration at […]
Encounter Resources Identifies Second Zone of Stock-work Mineralisation
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Encounter Resources (ASX: ENR) has identified a second zone of gold stock-work mineralisation at the company’s Telfer West gold project in Western Australia. Encounter Resources said the new zone is located 800 metres south-east of the Egg prospect where two previous RC holes encountered gold mineralisation. Encounter completed an RC Drilling program […]
Musgrave Minerals Hits Biggest Break of Day Gold Intersection
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported the best intersection achieved to date at the Break of Day deposit on the company’s Cue project in the Murchison region of Western Australia. Musgrave Minerals said the intersection was amongst in the first assay results received from a current extensional reverse circulation (RC) drilling program being […]
Vimy Resources Updates Mulga Rock Reserve
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Vimy Resources (ASX: VMY) announced a Ore Reserve update for the company’s 100 per cent- owned Mulga Rock project in Western Australia. Vimy Resources said the Ore Reserve update consists of 22.7 million tonnes at 845ppm uranium (U3O8) for a total metal content of 42.3 million pounds (19,185 tonnes) of U3O8. This […]
Blackham Resources Ties Up $72M Funding Facility
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Blackham Resources (ASX: BLK) secured up to $72 million in funds to continue to advance the Expansion Definitive Feasibility Study (DFS) at the company’s 100% owned 6.2 million ounce Matilda and Wiluna gold operation in Western Australia. Blackham Resources said the funds would allow it to manage its balance sheet whilst it […]
Impact Minerals Raises $2M to Advance Commonwealth Project
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Impact Minerals (ASX: IPT) completed a Placement of $2 million of the shortfall from the company’s recent Share Purchase Plan. Impact Minerals revealed the placement followed on the heels of recent results returned from an ongoing drill program underway at the company’s 100 per cent-owned Commonwealth project, located north of Orange in […]