ALL THE NEWS
Troy Resources snaps up $40M funding loan
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Dual-listed Troy Resources (ASX: TRY, TSX: TRY) has signed a Mandate Letter and Term Sheet with Investec Bank (Australia) for the provision of $40 million in loan facilities. The Facilities consist of the following: – A $20 Million Revolving Corporate Facility (RCF); and – A $20 Million Revolving Acquisition Loan Facility (ALF). […]
Monax Mining encounters graphite at Francis prospect
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Monax Mining (ASX: MOX) has described recent drilling results from the Francis graphite prospect as “impressive”. The Francis prospect forms part of the company’s Waddikee graphite project located on South Australia’s Eyre Peninsula. The company said the results confirm the Waddikee project contains a second high-grade prospect along with the Wilclo South […]
Birimian Gold raises $2M at 30 per cent premium
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Birimian Gold (ASX: BGS) has placed 95.2 million ordinary shares with Sprott Global Resource Investments at an issue price of 2.1 cents per share, a 30 per cent premium to the current market share price, to raise $2 million. Sprott is a US-based broking and funds management firm with a track record […]
Archer Exploration acquires strategic landholding
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Archer Exploration (ASX: AXE) has agreed to purchase the Sugarloaf Property, located approximately 35km north of the township of Cleve on South Australia’s Eyre Peninsula. The Sugarloaf Property lies within the company’s Carappee Hill tenement that contains the bulk of the Sugarloaf graphite deposit, which has an identified Exploration Target of 40 […]
Cape Lambert finds new buyer for Leichhardt copper project
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Cape Lambert Resources (ASX: CFE) ran out of patience with its potential buyer for its wholly-owned subsidiary Cape Lambert Leichhardt, the holder of the Leichhardt copper project. The company had previously announced it had entered into a conditional agreement for the sale of the Leichhardt project for a total consideration of $15million, […]
Greenpower Energy to commence drilling
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Greenpower Energy (ASX: GPP) has commenced geothermal drilling at the company’s Mt Ridley project in Western Australia. The first hole, Mt Ridley 1, has a planned total depth of 400 metres and is being drilled to test a radiogenic granite for hot dry rock (HDR) geothermal energy generation. ”This is the first […]
St George prepares Cambridge drill program
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: St George Mining (ASX: SGQ) is gearing up for a 2013 drilling program to be carried out at the company’s 100 per cent-owned Cambridge nickel prospect in Western Australia. The 2013 drill program is designed to test priority nickel sulphide targets at the Cambridge nickel prospect and at new sites along the […]
Quarter Time Wrap
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Once again The Roadhouse’s inbox has been inundated with quarterly reports this season. Here’s a random selection of what companies had to say. SARACEN MINERAL HOLDINGS (ASX: SAR) Record Quarter Gold Production • Record Quarter Production – 36,430 ounces at cash cost of $991 per ounce; • Mill grade plus 2 grams […]
Norton Goldfields makes takeover bid for Kalgoorlie Mining Company
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Kalgoorlie Goldfields neighbours Norton Gold Fields (ASX: NGF) and Kalgoorlie Mining Company (ASX:KMC), have signed a Bid Implementation Deed (BID) pursuant under which Norton will make a friendly off-market takeover offer to acquire all Kalgoorlie Mining company shares. The offer is for of 0.054 Norton shares and 0.054 Norton options (exercisable at […]
Elvis has left the building
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. FEASIBILITY STUDY RESTRUCTURE Following completion of a Feasibility Study, Venturex Resources (ASX: VXR) has streamlined its operations with some head office administrative restructuring. This has resulted in non-executive directors Allan Trench and John Nitschke retiring from the […]