ALL THE NEWS
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 CFO Doray Minerals (ASX: DRM) has appointed Jon Latto as the company’s chief financial officer. Prior to joining Doray, Latto was chief financial officer of ASX-listed Tanami Gold (ASX: TAM) for approximately six years, a period […]
Sovereign Gold increases Mount Adrah resource potential
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Sovereign Gold (ASX: SOC) has boosted the JORC resource estimate at Pipe 1, located within the company’s Mount Adrah Hobbs gold deposit southeast of Wagga Wagga in New south Wales. The increase is the result of an independent review based on exploration work completed so far and updated geological computer modelling by […]
General Mining increases Chesterfield confidence
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: General Mining Corporation (ASX: GMM) has been encouraged by recently-completed drilling at the company’s 100 per cent-owned Chesterfield gold project, located 50 kilometres north-west of Meekatharra in Western Australia. The latest results come from the Dorothy prospect at Chesterfield, where drilling targeted mineralisation associated with the main workings. The drilling returned visible […]
Kidman Resources intersects thick copper zones at Home of Bullion
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Kidman Resources (ASX: KDR) has received assays results from a recently-completed RC drill program, which intersected thick zones of high-grade copper mineralisation on the Southern Lode at the company’s Home of Bullion project in the Northern Territory. Results include: – 10 metres at 3.56 per cent copper, 0.31 per cent lead, 2.46 […]
WA Government sets terms of reference for royalty rate review
/in Uncategorized /by Wally GrahamIN THE LOBBY: The Western Australian Government has begun formal public consultation for a review on the State’s mineral royalty rates. The terms of reference for the review and a stakeholder consultation paper for the Mineral Royalty Rate Analysis were released by WA Premier and State Development Minister Colin Barnett and Mines and Petroleum […]
What the Brokers Say
/in Uncategorized /by Wally GrahamWHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Aurizon Holdings Limited (ASX: AZJ) FY13 result in line–with dividend surprise. On Monday 19 August 2013 Aurizon management announced FY13 underlying EBIT of $754 million, up 29 per cent on the pcp, and largely in line with our expectations of $756 […]
Aussies in Africa
/in Uncategorized /by Wally GrahamCONFERENCE CALLER: With the Paydirt Africa Down Under Conference kicking off next week, we thought we would take a look at what a few of the exhibiting companies have been up to lately. Gryphon Minerals (ASX: GRY) Permitting for the Mining Licence at Gryphon’s Banfora gold project in Burkina Faso, West Africa is apparently progressing […]
Orion Gold to raise $4.25 million
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Orion Gold (ASX: ORN) has received commitments (subject to formal legal documentation) to raise $4.25 million to underpin upcoming drilling programs at the company’s Fraser Range nickel-copper projects in Western Australia. The funds will also be used to accelerate exploration at its Victorian and Queensland projects. Orion boasted the capital raising is […]
Rimfire Pacific further encouraged by latest Sopresa drill results
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Rimfire Pacific Mining (ASX: RIM) has received further encouragement from the first ever diamond drilling program being conducted at the company’s Sorpresa project, located near Fifield in New South Wales. Four out of the five holes drilled have now returned gold and silver intersections with all holes intersecting the target ‘black silica’ […]
Blackthorn Resources accepts transfer of Zambian prospecting licence
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: The ownership of the Mumbwa prospecting licence in Zambia (8589-HQ-LPL) has been transferred from BHP Billiton World Exploration Inc., a subsidiary company of BHP Billiton (ASX: BHP) to Blackthorn Resources (Zambia) Limited (BRZL). BRZL is a wholly-owned subsidiary of ASX-listed company Blackthorn Resources (ASX: BTR). This licence was initially granted in November […]