ALL THE NEWS
St George Mining encounters more Cathedrals massive sulphides
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: St George Mining (ASX: SGQ) announced the intersection of additional massive nickel‐copper sulphide mineralisation at the Cathedrals prospect within the company’s Mt Alexander project in Western Australia. St George completed hole MAD35 to a downhole depth of 95.4m, intersecting: 4.18 metres, from 60 to 64.18m, of ultramafic with disseminated, blebby and some […]
Evolution Mining agrees to sale of Pajingo gold mine
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Evolution Mining (ASX:EVN) has entered into a binding agreement with Chinese company Minjar Gold Pty Limited to sell the company’s Pajingo gold mine and surrounding exploration tenements in North Queensland. The total proceeds from the deal will be up to $52 million, consisting of a $42 million upfront cash payment and a […]
Lithium Australia’s Sileach process wins WA government grant
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Lithium Australia (ASX-LIT) announced that the Western Australian Government, under the guidance of the Minerals Research Institute of Western Australia (MRIWA), has approved a grant of $195,632. The grant is in regards to MRIWA Application M479: Solution purification and valuable by-products formation during the production of battery-grade lithium and relates to Lithium […]
Blackham Resources encounters more high-grade gold at Bulletin
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: As Blackham Resources (ASX: BLK) gets closer to first gold production from the company’s Matilda gold project in Western Australia, the company has announced encouraging results from underground drilling at the Bulletin mine. Blackham said drilling from the Bulletin Decline has continued to produce excellent results between the historical stopes including: BUUD0036 […]
St George Mining completes $6M raising
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: St George Mining (ASX: SGQ) completed a private placement of shares, which raise $6.47 million. According to St George the placement was heavily oversubscribed, which it claimed to be a reflection of the strong investor interest that has been created by the recent results the company has achieved from its ongoing exploration […]
MOD Resources encouraged by first-up copper hit
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: MOD Resources (ASX: MOD) has encountered encouraging copper mineralisation from the first two shallow RC drill holes the company has drilled at new target, T2, located 20 kilometres north of T3 in the Kalahari Copper Belt, Botswana. MOD explained T2 is part of a Joint Venture between MOD Resources (70%) and AIM-listed […]
Vimy Resources gets Environmental nod for MRP
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Vimy Resources (ASX: VMY) announced the Environmental Protection Authority (EPA) has recommended approval of the company’s Mulga Rock project (MRP) in Western Australia. Vimy said the EPA has assessed the company’s proposal and prepared an Assessment Report that has been sent to the Minister as required under the Western Australian Environmental Protection […]
Musgrave Minerals closes SPP over target at $1.98M
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Musgrave Minerals (ASX: MGV) declared its recent Share Purchase Plan (SPP) closed and heavily oversubscribed. Musgrave said the SPP, originally looking to raise $1.2 million, was strongly supported by shareholders to the point where the company received applications totalling $1.984 million. Never being ones to look a gift horse in the mouth, […]
Alt Resources to Farm-in to Ironbark Zinc gold venture
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Alt Resources (ASX: ARS) has entered an agreement with Ironbark Zinc (ASX: IBG) to farm in to the Fiery Creek gold project in New South Wales. In its announcement to the ASX, Alt Resources described the project as, “a highly prospective gold exploration opportunity in a well-endowed historic goldfield”. Under the agreement, […]
Break of Day brightens Musgrave Minerals’ future
/in Uncategorized /by Wally GrahamTHE INSIDE STORY: Timing, they say, is everything and one of the best times for an exploration company to release attention grabbing drill results is when it is conducting a fund raising and associated Share Purchase Plan (SPP). Perth-based exploration play, Musgrave Minerals (ASX: MGV) timed its run perfectly recently with the announcement of extremely […]