ALL THE NEWS
Open pit mining to commence at Black Reef
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Gold-focused exploration and mining company Octagonal Resources has announced it has received regulatory approval to mine a 200,000 tonne open pit on the Black Reef at Wehla in Central Victoria, with mining activities commencing during July and the first gold production expected during September. Octagonal’s projects are located in the under-explored […]
Sovereign Gold proposes takeover of Precious Metal Resources
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER; In a release to the ASX today, the Board of Sovereign Gold has advised that it has entered into a binding Takeover Bid Implementation Agreement (TBIA) with Precious Metal Resources (PMR). Subject to the terms of the TBIA, Sovereign Gold proposes to acquire all PMR ordinary shares not currently held by Sovereign […]
Cove Resources to acquire titanium project
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER; Diversified exploration company Cove Resources has announced the execution of a definitive agreement to acquire the advanced-stage Koivu Titanium project in Finland. The agreements are with Swedish public company Endomines AB for a total consideration of €9 million (~A$11.2 million) plus a two per cent net smelter royalty. Cove’s Due Diligence Study […]
Invictus acquires option to purchase gold project in Turkey
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Invictus Gold has announced that the company has acquired an option to purchase 100 per cent of the Himmetdede South project located 50 kilometres north of the city of Kayseri in the emerging mineral province of Central Anatolia, Turkey. The project is south west of, and adjacent to, the Himmetdede gold deposit […]
Black Fire’s Pilot Mountain project exceeds expectations
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Black Fire Minerals has announced an encouraging maiden JORC resource estimate for the Desert Scheelite Deposit at the Pilot Mountain tungsten – copper project in Nevada. The results include 6.79 million tonnes at 0.31 per cent tungsten trioxide (WO3), 22.8 grams per tonne silver and 0.17 per cent copper reported at a […]
Are Australian Superannuation Funds benefitting from the mining boom?
/in Uncategorized /by Wally GrahamThe mining boom in this country has been going for over a decade, with data from the RBA highlighting that investment in this one sector has grown from two per cent to 10 per cent of Gross Domestic Product (GDP) since the turn of the century. Speaking at the Broken Hill Resources and Energy Symposium […]
Helix acquires Chilean mine
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Minerals exploration company Helix Resources has announced the purchase of the Blanco Y Negro Mine and surrounding mining leases in Region IV, Chile. Blanco Y Negro is hosted in a regionally significant shear situated 21 kilometres north east of Glencore’s Punitaqui operations and 10 kilometres south west of a large service town, […]
Mekong Minerals to invest in Southern Gold’s asian assets
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Southern Gold announced today that it has finalised an earn‐in and shareholders’ agreement with Mekong Minerals whereby Mekong will have exclusive right to earn an interest in Southern Gold subsidiary, Southern Gold Asia (SG Asia), and to manage the activities of SG Asia and its wholly owned subsidiary, Southern Gold Cambodia (SG […]
Red Sky to develop Clarence Moreton Basin
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Australian coal seam gas exploration company Red Sky Energy has announced a major transaction with ERM Gas to develop its highly prospective on-shore gas projects in the Clarence Moreton Basin in north east New South Wales. Under the agreement, ERM Gas, a wholly owned subsidiary of ASX-listed ERM Power, will invest up […]
Laconia updates on Rasuhuilca exploration
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: In an update released to the ASX today, Perth-based exploration company Laconia Resources announced it had commenced exploration activities at its recently acquired 100 per cent-owned Rasuhuilca gold-silver project in Peru. An underground check sampling program was successfully completed on existing development levels at the Rasuhuilca project. The results included: 12.5 metres […]