ALL THE NEWS
ABX and Noble strike Tassie alliance
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Australian Bauxite (ASX: ABX), through its wholly-owned subsidiary company ABx4 Pty Ltd, has signed a binding term sheet with Noble Resources International. The deal grants Noble the exclusive global marketing rights in respect to ABX’s Tasmanian project, which includes the company’s first bauxite mine at Bald Hill, in consideration for Noble agreeing […]
Orbis Gold becomes take-over target
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Orbis Gold (ASX: OBS) has received a conditional, non‐binding and indicative proposal from Canadian-based mining house SEMAFO Inc. to acquire 100 per cent of Orbis’ issued ordinary shares. SEMAFO is offering cash consideration of between 62 cents to 65 cents per share – not a bad premium for the current 42 cents, […]
Minotaur JV partner fast-forwards $6M exploration spend
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Minotaur Exploration’s (ASX: MEP) Eloise copper Joint Venture partners have committed to a $6 million accelerated exploration program through to June 2015. The program is to include new ground geophysics and deep drilling at the Artemis copper-gold-zinc prospect 50 kilometres southeast of Cloncurry in Queensland. The Eloise copper Joint Venture tenements […]
Parmelia prepares Dunnsville EM survey
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Parmelia Resources (ASX: PML) is preparing a deep-penetrating moving-loop electromagnetic (MLEM) survey to be conducted over the Southern and Northern high-priority nickel-sulphide exploration targets at the Dunnsville nickel prospect. The Dunnsville prospect is located within the company’s Jaurdi Hills project, 50 kilometres north-west of Coolgardie in Western Australia. The company has engaged […]
Horizon Oil claims second oil discovery off China
/in Uncategorized /by Wally GrahamTHE ROADHOUSE BOWSER: Horizon Oil (ASX: HZN) informed the market the drilling of the second of a two exploration well program in the Beibu Gulf Block 22/12 has been completed. The WZ 12-10-2 well is located is located in 36 metres of water 1.6 kilometres east northeast of the existing WZ 12-8W platform and about […]
Potash West cashed up following oversubscribed raising
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Potash West (ASX: PWN) finalised a successful capital raising of $2.9 million. The raising, which was conducted through Lead Manager, Helmsec Global Capital, was initially looking to $2.5 million but was oversubscribed with firm commitments from a number of institutional investors. Proceeds of the placement will be directed to ongoing project development […]
Poseidon Nickel smashes $30M capital raising
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Poseidon Nickel (ASX: POS) has completed a capital raising with commitments received for a placement of Fully Paid Ordinary Shares to raise $30 million. The placement is for just over 166.6 million shares at 18 cents per share to strategic, professional and sophisticated investors. According to Poseidon the purpose of the Placement […]
Impact drilling towards success
/in Resources Roadhouse, The Inside Story, Uncategorized /by Wally GrahamTHE INSIDE STORY: While a lot of juniors have put the drill bit on the shelf, Perth-based Impact Minerals (ASX: IPT) has maintained the exploration rage on the company’s diverse exploration projects. A recent Explorer Quarterly Cash Update report from accounting and advisory firm BDO identified one in 10 ASX-listed exploration companies did not carry […]
Western Areas, Gunson, and Monax consolidate SA tenements
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Western Areas (ASX: WSA) has executed Farm-in and Joint Venture Agreements with Gunson Resources (ASX: GUN) and Monax Mining (ASX: MOX). The Agreements provide for Western Areas to acquire up to a 90 per cent interest in a number of tenements within the Western Gawler region of South Australia. The total area […]
White Cliff hits new mineralised zones
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: White Cliff Minerals (ASX: WCN) has received results from the first two reverse circulation drill holes completed at the Lower Gold Zone (LGZ) area of the Aucu deposit, located near the company’s Chanach copper-gold deposit in the Kyrgyz Republic. White Cliff claims the drilling has identified extensive high-grade mineralisation within multiple shear […]