ALL THE NEWS
Atlas and QR National map out new Pilbara railway
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Atlas Iron has entered into a binding Memorandum of Understanding with Australia’s largest rail freight operator QR National to progress the feasibility of an independent railway in the Pilbara region of Western Australia. The companies envisage the Pilbara Independent Rail project connecting iron ore deposits owned by Atlas and other companies in […]
Horseshoe commences eponymous drilling campaign
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Horseshoe Metals has commenced a diamond drilling program at the company’s 100 per cent-owned Horseshoe Lights volcanic-hosted massive sulphide (VHMS) copper gold project located in the Bryah Basin in Western Australia. The drilling kicks off a major drilling campaign being undertaken by Horseshoe Metals over the coming months to test a variety […]
Communities battle FIFO for local workforce
/in Uncategorized /by Wally GrahamOUT AND ABOUT: The Fly In Fly Out scheme of work has many detractors and just as many supporters. Companies can’t be taken to task for using a system that works to keep their financial bottom line operating in their favour. Workers can’t be answerable for opting to work within a system that allows them […]
Ignore the skepticism – the outlook for copper remains robust
/in Uncategorized /by Wally GrahamGAVIN WENDT: In Rio Tinto’s March quarter production report released recently, it was evident that there are significant difficulties being faced by the company’s copper business. Rio’s mined copper production was 18 per cent lower than the first quarter of 2011, due to anticipated lower grades at Kennecott Utah Copper. I reiterate our position that […]
Richard Bevan – Cassini Resources
/in Uncategorized /by Wally GrahamONE OFF THE WOOD: Cassini Resources managing director Richard Bevan casually sat at the bar of The Roadhouse this week and told us how this new kid on the ASX block has managed to pick up some exciting new projects in Nevada. Cassini listed in January this year on the back of an interesting […]
Westgold secures Great Fingall gold mine
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Westgold Resources has acquired a 49 per cent relevant interest in the Great Fingall Deeps from Great Fingall Mining Company. The 49 per cent interest contains 52,000 ounces of Probable Reserves and 132,000 ounces at 9.1 grams per tonne gold of Identified mineral resource. Westgold said it anticipated completion of the acquisition […]
Apex receives backing of Andrew Forrest-led investment vehicle
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: The newly-established board of Apex Minerals has lined up new financial backing from The Metal Group, a privately-owned investment vehicle controlled by Fortescue Metals Group non-executive chairman Andrew Forrest. The Metal Group recently provided a $4 million short term debt facility and has since undertaken further due diligence on Apex, its operations […]
Navaho completes first Nevada drill hole
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Navaho Gold has completed drilling its first diamond drill hole at the company’s Utah Clipper project in Nevada, USA. Navaho said the drilling encountered a strongly fractured, altered pyrite-rich dyke within a thrust zone returning results of: – 5.9 metres at 0.12 grams per tonne gold from 1,077.5 metres (using a 0.1g/t […]
Elemental identifies third potash seam
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Elemental Minerals has identified high-grade potash in a third seam at the Kola deposit, situated within the company’s 93 per cent-owned Sintoukola potash project, located on the Republic of Congo coastline. Location of Sintoukola potash permit and historic drill hole locations. Source: Company announcement The company said it is ready […]
Altona upgrades Roseby deposits Resources
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Altona Mining has upgraded the Mineral Resource Estimates for three deposits at the company’s 100 per cent-owned Roseby project, located near Mt Isa in Queensland. The new estimates are: These Resources are reported at a 0.3% copper lower cut-off grade. Source: Company announcement The newly upgraded Resource has resulted in contained […]