Iron Ore Holdings conceptualises Bungaroo South

THE BOURSE WHISPERER: SRK has completed a Mine Concept Study, on time and within budget, for Iron Ore Holdings on the Bungaroo South project. The Bungaroo South channel iron deposit currently contains a 241 million tonnes JORC Resource of average 57.2% iron grade and is one of IOH’s largest identified deposits. Bungaroo South lies within […]

Cloncurry sale launches ‘new’ Exco Resources

Exco Resources managing director Michael Anderson is a man who is very rarely lost for words. Now the sale of one of the company’s major assets has given him plenty more to say. Exco recently announced it had entered into an agreement to sell the Cloncurry copper project to Xstrata Copper for the tidy sum […]

South Australia okays vital port Infrastructure

As the iron ore minnows of the Pilbara in Western Australia continue their battles to gain access to vital port infrastructure the proposed development of a significant South Australian infrastructure project has moved closer to being. The project in the spotlight is the proposed new multi-million dollar bulk commodities export facility to be located at […]

Ram Resources revises terms for remaining interest

THE BOURSE WHISPERER:    Ram Resources has signed a non-binding Memorandum of Understanding with the minority shareholders of Greenland Resources for the remaining interest in Motzfeldt project in Southern Greenland. Greenland Resources is a United Kingdom based company, which holds the Motzfeldt project, of which Ram already holds 51%. The MoU will vary the terms on which […]

Maiden drilling encouraging for Sheffield Resources

THE DRILL SERGEANT:    Bulk minerals explorer Sheffield Resources has returned encouraging drilling results from its Yandanooka heavy mineral sand project located 50 kilometres northeast of Eneabba in Western Australia’s mid-west region. The current drilling program is Sheffield’s first at Yandanooka, and its first since listing in December last year. These latest results have improved on results […]

Winmar Resources drills namesake deposit

THE DRILL SERGEANT:    Iron ore exploration play Winmar Resources has announced some recently received results from its 12,000 metre RC drilling extension and infill program at the Winmar Deposit, at the company’s Hamersley Iron project in the Pilbara region of Western Australia. The results further enhance the company’s Winmar plans to confirm a JORC Resource upgrade […]

Brockman Resources – Wah Nam no thank you Ma’am

Besieged iron ore hopeful Brockman Resources released a letter to its shareholders updating them on the recent takeover activity from hostile suitorWah Nam International Holdings. In the lengthy letter Brockman advised shareholders, “Wah Nam had publicly advised that it had received acceptances for its offer bringing its holding in Brockman to 45.39 % of the […]

Cazaly Resources gets Freo Heave-Ho

Cazaly Resources has been told by the Fremantle Port Authority that it has not been allocated any export capacity at the Kwinana Bulk Terminal for its Parker Range Iron Ore Project. Fremantle Ports has determined that the available export capacity will instead be allocated to a competing iron ore developer in Griffin Coal. Fortunately Cazaly […]

The world economy – it is essentially all over the place.

Stephen Bartrop managing director of Sydney investment house Lime Street Capital kicked off the final day’s proceedings with a quick snapshot of the world economies. Opening his address Bartop gave a quick synopsis of what is happening around the globe. “China, we know it’s slowing – by how much and the real estate bubble risks […]

Aquilla Resources tables PFS on Hardey

THE BOURSE WHISPERER:    Aquila Resources has announced positive results from the Pre-Feasibility Study of the development of the Hardey iron ore deposit being developed by its 50% owned Australian Premium Iron Joint Venture. Aquila identified the completion of the PFS for Hardey as the first stage in leveraging the investment in the West Pilbara Iron Ore […]