ALL THE NEWS
What the Brokers Say – Issue 89
/in Uncategorized /by Wally GrahamWHAT THE BROKERS SAY: Interesting news and views from across the Resource Analyst universe. Forge Group Ltd (ASX: FGE) ($5.89, Mkt Cap $507 million) We recently caught up with Forge management and were impressed with managing director David Simpson who gave a measured and articulate presentation. We posited the key concerns of project curtailment and […]
Production up, costs down as Paladin cuts bite
/in Uncategorized /by Wally GrahamMINING BUSINESS MEDIA: The cost cutting/optimisation regime imposed by Paladin throughout its African uranium operations seems to be paying off. Mark Mentiplay of Mining Business Media reports Record nine month production and lower costs at its two African uranium operations keep Australian miner Paladin Energy on track for 8 million pounds to 8.5 million pounds […]
Venturex Resources to raise $6.4M
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Venturex Resources (ASX: VXR) is set to chock up its coffers via a $6.4 million fund raising. The company has announced it is undertaking a placement of 60 million shares at two cents per share to one of its significant shareholders, Henghou Industries (Hong Kong) Limited to raise $1.2 million. Venturex is […]
Orinoco Gold increases Eliseo project ground
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Orinoco Gold (ASX: OGX) has doubled the size of its ground position in the Faina Goldfields of central Brazil. The deal involves no upfront payments, which Orinoco claims adds immediate value for the company by delivering an increase to the strike length of the prospective Eliseo project while also introducing several new […]
Hot Chili hits wide copper result at Productora
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Hot Chili (ASX: HCH) has recorded its widest high-grade drill result to date at the company’s Productora copper project in Chile. The drill result from the eastern flank of the central resource area at Productora returned: – 64m at 1.9 per cent Copper Equivalent (1.5 per cent copper, 0.4 grams per tonne […]
Corazon Mining increases size of TUR anomaly
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Corazon Mining (ASX: CZN) has completed a detailed ground gravity survey at the company’s Top Up Rise project in Western Australia, which has confirmed the TUR gravity feature as a significant geophysical anomaly. The defined size of the anomaly has increased, to now cover an area measuring 10 kilometres by 6 kilometres […]
Venture Minerals secures funding for Riley DSO project
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Venture Minerals (ASX: VMS) has secured debt financing from BNP Paribas for the company’s Riley Direct Shipping Ore (DSO) project in northwest Tasmania. The financing comes in the form of a $15 million, two year, revolving line of credit, which the company indicated would essentially be a standby working capital facility for […]
Tungsten Mining hits high-grade mineralisation at Kilba project
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Drilling being conducted by recently-listed Tungsten Mining (ASX: TGN) continues to intersect high-grade tungsten mineralisation at the company’s Kilba project in the Gascoyne Region of Western Australia. To date the company has drilled 24 diamond holes and 43 reverse circulation (RC) holes for intersections including: – 4 metres at 2.41 per cent […]
Investigator Resources identifies new Eyre Peninsula targets
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Investigator Resources (ASX: IVR) has defined new silver targets near the company’s Paris silver prospect, located on the Eyre Peninsula, South Australia. The most encouraging of these is described by the company as ‘The large Alexander target’ (2.5km x 400m). Investigator consider Alexander to be a likely offset extension of the nearby […]
Winmar Resources releases Hamersley assay results
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Winmar Resources (ASX: WFE) has released more high-grade intersections of iron mineralisation from the latest phase of drilling completed at the company’s Hamersley iron project in the Pilbara region of Western Australia. Winmar completed a 13 hole RC drilling program at the Hamersley project in November 2012 and has now received all […]