ALL THE NEWS
Impact Minerals identifies new Mulga Tank anomaly
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: The maiden drill program of Impact Minerals (ASX: IPT) at the company’s Mulga Tank project, located 200 kilometres northeast of Kalgoorlie in Western Australia has caused a bit of excitement. The drilling is testing a number of EM anomalies within E39/988, and has already identified widespread copper mineralisation around the Mulga Tank […]
Syndicated Metals encounters thick copper-gold at Barbara
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Syndicated Metals (ASX: SMD) has been encouraged by in-fill resource drilling being conducted as part of the Feasibility Study on the company’s Barbara Joint Venture copper-gold project in North Queensland. The Barbara JV is a 50/50 joint venture with North Queensland copper producer CopperChem Limited, which is funding the Feasibility Study as […]
Malagasy Minerals confirms graphite field at Maniry
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Malagasy Minerals (ASX: MGY) has claimed to have confirmed the company’s Maniry project in Southern Madagascar is host to a major graphite field. The company said recent systematic traverse surface sampling has identified at least 12 major lenses of high-grade graphite mineralisation with widths ranging from 75 metres to 250 metres and […]
Share placements and Rights Issues
/in Uncategorized /by Wally GrahamTHE FUND RAISER: The end of year fund raising activity continue to gather pace. Share Purchase Plan closes heavily oversubscribed A Share Purchase Plan for AusQuest Limited (ASX: AQD), closed heavily oversubscribed. The company said it would undertake a process to scale-back applications to ensure the terms of the SPP are met. The SPP was […]
What the Brokers Say
/in Uncategorized /by Wally GrahamWHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Bathurst Resources New Zealand Ltd. (ASX: BRL) No more appeals – Path almost cleared to move into construction Our view: In a positive update, Bathurst has announced that the appeals period against the Environmental Court decision to award the resource consent […]
Plymouth accelerating Morille tungsten-tin development
/in Uncategorized /by Wally GrahamPlymouth Minerals managing director Adrian Byass is a man in a hurry. Byass’ haste stems from his enthusiasm for the company’s recently-acquired Morille tungsten-tin project in Spain. Morille is one of those projects that don’t come along often enough for junior companies such as Plymouth Minerals (ASX: PLH), but to fully understand why the company […]
Toro completes Lake Maitland acquisition, upgrades Wiluna Resource
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Toro Energy (ASX: TOE) has completed its $35 million all-scrip acquisition of the Lake Maitland uranium project in Western Australia, from TSX-listed Mega Uranium. In August 2013, Toro agreed to acquire Lake Maitland and associated assets, including $1.5 million cash from Mega, in return for 415 million new fully-paid ordinary shares in […]
Ventnor Resources recommences ASX trading
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Shares in base metals exploration play Ventnor Resources (ASX: VRX) have recommenced trading. The return to the Boards of the ASX follows the company raising up to $1 million through loan agreements with sophisticated investors introduced to Ventnor by Patersons Securities. Ventnor said the funds raised under the agreements will be used […]
Tawana Resources intersects high-grade itabrite mineralisation
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Tawana Resources (ASX: TAW) has been encouraged by initial results from an ongoing resource evaluation drill program currently underway at the company’s 100 per cent-owned Mofe Creek iron ore project in Liberia, West Africa. Tawana has received assay results received for the first batch samples from the RC resource drilling completed at […]
White Rock upgrades eponymous deposit Resource
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: White Rock Minerals (ASX: WRM) has completed modelling and Resource estimation to upgrade the White Rock silver deposit Resource. White Rock silver deposit is one of eight deposits making up the company’s Mt Carrington project. The majority of the four largest gold-silver deposits at the Mt Carrington project are now classified as […]