ALL THE NEWS
Helix Resources earns in to Canbelego Joint Venture with Straits Resources
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Helix Resources (ASX: HLX) has secured a 70 per cent equity interest in the Canbelego Joint Venture with Straits Resources (ASX: SRQ) after completing earn-in requirements. Straits have subsequently notified Helix, which is to act as the manager of the project, it will contribute to the joint venture in line with its […]
Sheffield Resources identifies new Red Bull nickel targets
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Sheffield Resources (ASX: SFX) has identified of three new nickel-copper-cobalt anomalies while conducting a program of regional aircore drilling at the company’s Red Bull nickel-copper project in July this year. The Red Bull project is located 20 kilometres south of the Nova/Bollinger nickel-copper deposit of Sirius Resources (ASX: SIR), in the Fraser […]
Kogi Iron kicks of scoping study at Agbaja iron ore project
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Kogi Iron Limited (ASX: KFE) has commenced a detailed scoping study for a first stage 5 million tonne per annum iron ore operation at the company’s 100 per cent-owned Agbaja iron ore project located in Kogi State, Republic of Nigeria, West Africa. Kogi describes the Agbaja project as a shallow, flat lying […]
Western Areas doubles Spotted Quoll Mineral Resource
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: There has been some action at the Spotted Quoll mine of Western Areas (ASX: WSA) with the company achieving a doubling of the Mineral Resource for the Spotted Quoll North Zone and the establishment of a maiden underground Ore Reserve. The Mineral Resource for Spotted Quoll north has been doubled to 11,520 […]
Explorers tap capital markets
/in Uncategorized /by Wally GrahamTHE FUND RAISER: The glorified lamington drives continue apace as junior miners raise important funding. Share Placement Drummond Gold (ASX: DGO) has made a share placement of 35 million fully-paid ordinary shares at an issue price of 0.2 cents per share raising a total of $70,000 to sophisticated investors. The Placement consists of an allotment […]
Key factors pointing to a resources sector turnaround
/in Uncategorized /by Wally GrahamGAVIN WENDT: If one looks at long term charts of most metal prices, one sees a very distinct cyclical pattern. When commodity prices are high this stimulates new mine development, but unfortunately it is the nature of things that new mines tend to come on stream at or around the same time. As a result, […]
What the Brokers Say
/in Uncategorized /by Wally GrahamWHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Blackham Resources (ASX: BLK) The Matilda gold project (MGP) covers a large tenement position in the Wiluna Greenstone Belt. The global resource is 24.8 million tonnes at 1.9 grams per tonne gold (1.5 million ounces) and Blackham is steadily building confidence […]
MacPhersons Resources increases Nimbus lifespan
/in Uncategorized /by Wally GrahamSince acquiring the Nimbus silver-zinc-gold project just 20 months ago Macphersons Resources has taken it from zero resources to the brink of production. In July Macphersons released a JORC-compliant resource at Nimbus of 4.9 million tonnes at 149 grams per tonne containing 23.4 million ounces of silver equivalent, including 12.4 million ounces of silver, 65,000 […]
The Parkdale Motor Inn
/in Uncategorized /by Wally GrahamTHE HOTEL INSPECTOR: Accommodation for the sole corporate traveller can be a hit and miss affair. From the outside the Parkdale Motor Inn looks like what you would expect from what has been a landmark on Nepean Highway in Mentone for at least 40 years. The brown bricked facade has long been a part of […]
Triton Minerals hits high-grade graphite at Cobra Plains
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Triton Minerals (ASX: TON) has received results of drilling undertaken at the company’s is Balama North project in Mozambique. The drilling targeted a three kilometre-long graphite mineralised zone known as Cobra Plains. Overview of the intrepreted distribution of graphite prospects of Cobra Plains and Nicanda Hill on the Balama North project […]