ALL THE NEWS
Peel Mining adds New Mineralisation to its Cobar Projects
/in Uncategorized /by Wally GrahamTHE INSIDE STORY: Peel Mining has continued to deliver consistent drill results from the company’s Wagga Tank and Cobar Superbasin projects, both located near Cobar in New South Wales. The company is rapidly advancing the Wagga Tank and Cobar Superbasin projects while it draws up plans to update the current Mineral Resources at its flagship […]
Caesium: Lithium’s little brother with big potential
/in Uncategorized /by Wally GrahamCOMMODITY CAPERS: Some may consider it this to be an extremely tenuous connection, but the recent lithium bubble possesses a startlingly similarity to the whaling industry of old. A prized find when opening up a whale in the olden days would be the discovery of ambergris, a solid, waxy, substance produced in the digestive system […]
Gascoyne Resources Builds $50 million Fund Raising
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Gascoyne Resources (ASX: GCY) completed a bookbuild to raise up to $50 million at an issue price of 50 cents per fully paid share. Gascoyne Resources said the Placement was heavily oversubscribed by a number of leading domestic and international institutional and professional investors. The company, in addition to the Placement, announced […]
Gold and Cobalt the Preferred Flavour of Recent Listings
/in Uncategorized /by Wally GrahamIPO WATCH: The Roadhouse has been a bit slow catching up on all the new resources companies to have listed over the holiday break. ARDEA RESOURCES (ASX: ARL) Ardea Resources (ASX: ARL) is a spinout from Heron Resources (ASX: >>>) to work up that company’s portfolio of non‐Woodlawn exploration and development tenements. The stock has […]
Marindi Metals Exercises Option to Purchase Gem Mining Lease
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Marindi Metals (ASX: MZN) has exercised an option to earn up to 70 per cent in the Gem pegmatite lease at the Forrestania lithium project in Western Australia. Marindi Metals has paid the vendors $50,000 in cash and a further $100,000 in shares. The option allows Marindi to earn a 51 per […]
Rox Resources Pockets $15M for Sale of Reward Project
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Rox Resources (ASX: RXL) has received an up-front payment of $15.8 million having completed the sale of the company’s interest in the Reward zinc-lead project to Teck Australia Pty Ltd. Rox Resources explained the up-front purchase price to be comprised of: $7,850,000 in cash, being $8 million less the $150,000 deposit already […]
Cobalt: The ultimate in Blue Sky Mining
/in Uncategorized /by Wally GrahamCOMMODITY CAPERS: When Georg Brandt discovered cobalt back in 1735, he probably had very little idea of the importance of his find to the global population three centuries later. Although Brandt was credited with the discovery of cobalt, it seems the Egyptians knew about it well before batteries were on the agenda, using it to […]
Gruyere JV Receives DMP Mining Approval Nod
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Gold Road Resources (ASX: GOR) announced the 50:50 Gruyere gold project Joint Venture with Gold Fields, has been given approval from the Western Australia Department of Mines and Petroleum (DMP) for the Project Management Plan, Mining Proposal and Mine Closure Plan. Gold Road Resources explained this to be the final level of […]
St George Mining Identifies Four New Massive Sulphide Targets at Stricklands
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: St George Mining (ASX: SGQ) has identified four new drill targets at the Stricklands prospect located within the Cathedrals Belt at the company’s Mt Alexander project in Western Australia. St George Mining said the identification of the targets came from a recent FLEM SAMSON survey completed over the Cathedrals Belt that identified […]
Alloy Resources Running Hot Across Two Commodities
/in Uncategorized /by Wally GrahamTHE INSIDE STORY: Alloy Resources (ASX: AYR) is keeping two lots of drill rigs busy exploring for two currently hot commodities – gold and cobalt. Drilling has advanced the Horse Well Joint Venture with Doray Minerals (ASX: DRM) (60%): Alloy Resources (40%), located in the Warburton Mineral Field of Western Australia. Last year the JV […]