ALL THE NEWS
Hi Ho, Hi Ho, it’s off to work we go
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Each week any number of junior exploration plays set out to drill their ground. Here’s a small selection of what’s been happening this week. Drill testing commences at Ongombo deposit Namibian Copper (ASX: NCO) has commenced a drilling program at the company’s Ongombo copper-silver project in central Namibia. The drilling program is […]
Jacka announces final investment decision for Aje Oil Field
/in Uncategorized /by Wally GrahamTHE ROADHOUSE BOWSER: Jacka Resources (ASX: JKA) announced its wholly-owned subsidiary (PR Oil & Gas Nigeria Limited), together with its Joint Venture partners, have taken a final investment decision to develop the Aje Cenomanian oil reservoir in the OML 113 licence (Jacka 5.0006% revenue interest), offshore Nigeria. The Aje Field Development Plan (FDP) was submitted […]
A somewhat bleak period for commodities (if you only focus on the short-term)
/in Uncategorized /by Wally GrahamA somewhat bleak period for commodities (if you only focus on the short-term) GAVIN WENDT: It’s been a generally grim past few weeks for commodities. The Bloomberg Commodity Index declined to its lowest since July 2009, with Brent crude at its lowest level since 2012, gold slumping to a seven-month low, copper hitting a 3-month […]
What the Analysts Say
/in Uncategorized /by Wally GrahamWHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Website: beerandco.com.au Company: PLD Corporation (PLD.ASX) PLD Corporation is focused in the Fraser Range district in the south of Western Australia. It has an option to purchase a tenement package of 1,200 square kilometres, the fifth largest in the Albany-Fraser Belt. […]
Fund Raising across the Boards
/in Uncategorized /by Wally GrahamTHE FUND RAISER: A quiet week on the fund raising front, but still interesting to see what’s happening. AusQuest secures further funding AusQuest Limited (ASX: AQD) has secured funding of up to $750,000 from its major shareholder, Christopher Ellis, by executing a Loan and Convertible Note Agreement. The additional funds, together with existing cash reserves, […]
Kula Gold trenching highlights possible Woodlark extension
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Kula Gold Limited (ASX: KGD) has completed a series of exploration trenches at the Watou prospect, located approximately 900 metres south of the company’s Woodlark King deposit in Papua New Guinea. The company claims the trenching has returned further ore grade assay results from the Watou prospect, which it appraised to be […]
Kin Mining detects two strong EM conductors at Kingfisher
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Kin Mining (ASX: KIN) has informed the market of two strong bedrock electromagnetic (EM) conductors identified by a recently-completed surface Moving Loop Electromagnetic (MLEM) survey at the Kingfisher nickel-copper-PGE prospect (M40/330). The Kingfisher prospect is of the company’s Desdemona project area just south of Leonora in Western Australia. The two bedrock electromagnetic […]
AOC farms out two wells to cornerstone investor
/in Uncategorized /by Wally GrahamTHE ROADHOUSE BOWSER: Australian Oil Company Limited (ASX: AOC) has signed a Heads of Agreement with Northern Gulf Petroleum (NGP) to drill the Alvares and Dempsey prospects in the Sacramento Basin of California. NGP will fund the drilling of both wells and earn a 50 per cent interest in each prospect from a Joint Venture […]
Galilee Energy to commence drilling in Illinois
/in Uncategorized /by Wally GrahamTHE ROADHOUSE BOWSER: Galilee Energy (ASX: GLL) announced it is expecting drilling of the first well of its shallow oil program in Illinois to spud this week. The well, Hanner 1 is located in Logan County and will be drilled to an estimated total depth (TD) of 2,990 feet. The company said the drilling’s primary […]
Tiger hits nameplate copper production at Kipoi
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Tiger Resources (ASX: TGS) informed the market that the solvent-extraction and electro-winning (SXEW) plant at the company’s Kipoi copper project in the Democratic Republic of Congo (DRC) has achieved nameplate production of copper cathode. Tiger said it reached nameplate production during August, producing 2,015 tonnes of copper metal operating at 97 per […]