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What the Brokers Say

WHAT THE BROKERS SAY: Interesting news and views from across the Resources and Oil & Gas Analyst universe. website: www.breakawayresearch.com Carpentaria Exploration (ASX: CAP) Carpentaria Exploration is primarily a western New South Wales iron ore developer, with 60 per cent ownership of the Hawsons iron ore project, located near Broken Hill. The project, for which […]

Geopacific hits high Cambodian copper-gold numbers

THE DRILL SERGEANT: Geopacific Resources (ASX: GPR) has encountered high gold grades to follow up recent high-grade copper results achieved at the company’s multi-vein sulphide Kou Sa project in Northern Cambodia. GPR has reported the first gold assays from the first diamond hole (KDH002) drilled into Prospect 150, which included: 3.9 metres at 16.47 grams […]

Rumble Resources increases Fraser Range holding

THE DRILL SERGEANT: Rumble Resources (ASX: RTR) has completed a strategic tenement application (ELA 28/2464) adjoining the company’s recently-acquired Zanthus project Joint Venture with Blackham Resources (ASX: BLK). The Zanthus project is located in the Fraser Range region of Western Australia just to the east of the Nova-Bollinger nickel copper sulphide discoveries of Sirius Resources […]

Cobre Montana advances Piedrecillas project deal

THE DRILL SERGEANT: Cobre Montana (ASX: CXB) has finalised all of the commercial requirements to procure 55 per cent of the Piedrecillas project in Chile. Cobre Montana closed the deal by making statutory payments required to maintain the exploration tenure, and the issue of approx. 3.53 million ordinary fully paid shares in the company. The […]

ASDM licences synthetic bone substitute with University of Sydney

THE ROADHOUSE PHARMACY: Orthopaedic devices manufacturer, Advanced Surgical Design and Manufacture Limited (ASDM) (ASX: AMT) has executed a global Licence Agreement with The University of Sydney relating to a composite biocompatible ceramic material known as Sr-HT-Gahnite. ASDM is to facilitate the commercialisation of veterinary and orthopaedic solutions based on the composite biocompatible ceramic material developed […]

Phoenix Gold funded for development

THE BOURSE WHISPERER: Phoenix Gold (ASX: PXG) has raised approximately $7.8 million having issued 60 million fully paid ordinary shares in the company at an issue price of 13 cents per Share to institutional investors. Phoenix explained the placement has positioned it to commence it staged development plan for the company’s Castle Hill project in […]

Marmota encounters new copper at West Melton

THE DRILL SERGEANT: Marmota Energy (ASX: MEU) has claimed a new South Australian copper discovery after receiving high-grade copper assay results from the first holes drilled on the company’s wholly-owned West Melton copper-gold project on Yorke Peninsula. Marmota said the program was testing a copper and gold geochemical anomaly it had defined on the project […]

Antisense releases Toxicology Study findings

THE ROADHOUSE PHARMACY: Antisense Therapeutics (ASX: ANP) released results from a chronic toxicity study in monkeys, which it says indicate ATL1102, an antisense oligonucleotide currently under development for the treatment of multiple sclerosis (MS), was well-tolerated when given subcutaneously for a 6-month dosing period at the 2 dose levels tested (1.5 and 3mg/kg/dose). The company […]

Tawana Resources announces 61.9Mt Mofe Creek Resource

THE DRILL SERGEANT: Tawana Resources (ASX: TAW) has released an estimated Mineral Resource for the company’s 100 per cent-owned Mofe Creek iron ore project located in Grand Cape Mount County, Republic of Liberia, West Africa. The company has calculated a maiden Mineral Resource of 61.9 million tonnes with an in-situ iron grade of 33 per […]

Midas completes Overland North Resource estimate

THE DRILL SERGEANT: Midas Resources (ASX: MDS) has had a Mineral Resource Estimate calculated for the company’s 100 per cent-owned Overlander North deposit. The JORC Code-compliant (2012) Resource comprises 482,000 tonnes at 1.3 per cent copper in the Inferred category at 0.5 per cent copper cut-off grade.   Overlander North March 2014 Mineral Resource Estimate […]