ALL THE NEWS
Downward trend for Australian mineral exploration
/in Uncategorized /by Wally GrahamIN THE LOBBY: The latest figures from the Australian Bureau of Statistics (ABS) for Mineral and Petroleum Exploration Australia – March quarter 2014 show a consistent decline in expenditure on mineral exploration. Pouncing on the figures, Association of Mining and Exploration Companies (AMEC) CEO Simon Bennison said the steady decrease in exploration of recent years […]
Joint Venture announcements
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: As they say in the classics; it’s better to have 50 per cent of a project than 100 per cent of no project. Progress at Ashburton JV Dragon Energy (ASX: DLE) and its Joint Venture partners, Shandong Energy Australia and Shandong Lunan Geo-Engineering Exploration Institute have completed Stage 1 of the farm-in […]
AMMG study delivers HPA cost savings
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Australia Minerals and Mining Group (ASX: AKA) has completed an integrated plant study based on the company’s own kaolin to high purity alumina (HPA) process flowsheet. The process has been researched and developed by AMMG, while the study was conducted by its specialist engineering consultants. AMMG said the study’s findings indicate the […]
Elvis has left the building
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. Appointment of chief executive officer Yellow Rock Resources (ASX: YRR) announced the appointment of David ‘Lorry’ Hughes as chief executive officer. Hughes is an economic geologist and corporate executive with over 20 years’ experience in Australia and internationally […]
Mutiny encounters success at Mary Celeste
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Mutiny Gold (ASX: MYG) has completed a six-week drilling program at the Mary Celeste prospect, which is part of the company’s 100 per cent-owned Gullewa project in Western Australia. The drilling encountered new mineralisation located approximately 750 metres to the south of the existing 591,000 ounces gold, 27,000 tonnes copper, and 628,000 […]
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. Browns Reef drilling commences Kidman Resources (ASX: KDR) is poised to commence drilling at the Browns Reef prospect located in the Cobar basin of NSW. “Since the Browns […]
Alchemia updates Phase III Trial timeline
/in Uncategorized /by Wally GrahamTHE ROADHOUSE PHARMACY: Alchemia Limited (ASX: ACL) announced it expects to report the top-line results from a Phase III trial of HA-Irinotecan in metastatic colorectal cancer (mCRC) before the end of the third quarter of CY 2014. “Based on the number of events accumulated to date and the progress the team is making on preparing […]
IOH accepts positive Buckland Feasibility results
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Iron Ore Holdings (ASX: IOH) has completed a Feasibility Study for the company’s Buckland project in Western Australia. Buckland project location. Source: Company announcement Based on the FS results, IOH has declared the project business case to be technically viable and commercially attractive. The Buckland project comprises a new mine, […]
Funds across the Boards
/in Uncategorized /by Wally GrahamTHE FUND RAISER: Some interesting raisings and investments this week as the juniors boosted their bank balances. 1 for 8 non-renounceable entitlement issue Deep Yellow (ASX: DYL) announced it will be offering eligible shareholders the opportunity to acquire additional fully paid shares in the company through a 1:8 non-renounceable entitlement issue at 1.65 cents per […]
What the Brokers Say
/in Uncategorized /by Wally GrahamWHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Website: www.hartleys.com.au AUSDRILL LIMITED (ASX: ASL) AUMS downgrade, but other businesses are okay Ausdrill has downgraded FY14 normalised NPAT guidance to $25 million to $30 million from previous normalised NPAT guidance of $35 million. The downgrade is due to underperformance of […]