ALL THE NEWS
Phoenix gold reports Blue Funnel running to schedule
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Phoenix Gold (ASX: PXG) has reported development of Stage 1 of the Blue Funnel gold mine is meeting the company’s expectations. Mining commenced at Blue Funnel in July and ore processing has now commenced under a toll milling arrangement with FMR Investments at its Greenfield’s Mill in Coolgardie. The Board of Phoenix […]
Silver Lake to raise $47.5 million
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Silver Lake Resources (ASX: SLR) has given notice it is embarking on a $47.5 million raising by way of an underwritten placement of 55.9 million fully paid ordinary shares to institutional and other sophisticated and professional investors. The raising will target investors from Australia and other jurisdictions at an issue price of […]
Orion Gold uses NASA technology to identify new targets
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Orion Gold (ASX: ORN) has travelled to outer space in order to identify new exploration targets at the company’s Connors Arc epithermal project in Central Queensland. The company has had ASTER (Advanced Spaceborne Thermal Emission and Reflection Radiometer) data interpreted by consultants Global Ore Discovery. ASTER is an imaging instrument on-board NASA’s […]
MGT Resources completes Summer Hill Phase 2 drilling
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: MGT Resources (ASX: MGS) has received results from Phase Two of its 2013 Summer Hills drilling program. Summer Hills is the main tenement on the company’s Mt Garnet tin project, located south west of Cairns in far North Queensland. The Mt Garnet project is only three hours drive southwest from Cairns, […]
Cleveland Mining completes $3M fund-raiser
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Cleveland Mining Company (ASX: CDG) has received firm commitments from institutional and sophisticated investors to raise $3 million through a placement of 25 million ordinary shares priced at 12 cents per share. Funds raised include $100,000 from one of the company’s directors, Russell Scrimshaw, who is set to take over from Don […]
Monax Mining releases Wilclo South maiden Resource
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Monax Mining (ASX: MOX) has released a maiden JORC Inferred Mineral Resource for the Wilclo South graphite deposit on South Australia’s Eyre Peninsula. The Wilclo South deposit forms part of the company’s 100 per cent-owned Waddikee project. Location of the Waddikee project, central Eyre Peninsula. Source: Company announcement The total […]
Rox Resources repeats Teena drilling efforts
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Rox Resources (ASX: RXL) has reported the results of the second completed hole from a drilling program currently underway at the Teena prospect. The Teena prospect forms part of the company’s Reward zinc project located in the Northern Territory. The second hole has repeated the achievement of the first hole by intersecting […]
Red Sky completes construction of Dubbo power plant
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Red Sky Energy (ASX: ROG) has reported two of the proposed 500 photovoltaic (PV) Soleir Systems have been installed on the site of the Dubbo Solar One project. “The company is delighted to report that the installation of the PV solar panel systems proceeded according to plan, without a problem,” Red Sky […]
Mutiny Gold calculates maiden iron resource at Gullewa
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Mutiny Gold (ASX: MYG) has announced a maiden JORC-compliant Inferred resource for the Rocksteady iron project, located within the company’s Gullewa tenement package in the Murchison Region of Western Australia. An independent assessment of historic drilling and exploration undertaken at Rocksteady has been correlated to formulate an initial JORC Resource for the […]
Project acquisition moves back into vogue
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: There seems to be a bit if activity around the merger and acquisition area lately with ASX-listed companies doing deals with just as many unlisted companies as they are with their contemporaries. Gold One Merges West Rand Assets with Sibanye Gold for 17 per cent equity interest Gold One International (ASX: GDO) […]