ALL THE NEWS
Millennium raises $16.6 million and restructures debt
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Millennium Minerals has received firm commitments for a $16.6 million capital raising at an issue price of 1.9 cents per share. The company has now restructured its debt facilities to enable it to assess a medium term production expansion. This restructure will also provide the company with additional working capital reserves during […]
Sirius scores gold multiple gold hits at Polar Bear
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Sirius Resources has claimed discovery of high-grade gold mineralisation in its first reverse circulation (RC) drilling program undertaken at the Earlobe prospect on the company’s 100 per cent-owned Polar Bear project in Western Australia. Sirius said it had intersected gold mineralisation in a number of RC holes drilled beneath earlier shallow reconnaissance […]
Silver Lake terminates Phillips River merger
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Silver Lake Resources has terminated the merger implementation agreement (MIA) with Phillips River Mining. The two companies have now entered into an asset sale agreement that will result in Silver Lake acquiring Phillips River’s Munglinup project. Project location. Source: Company announcement The companies have drawn up an exclusivity agreement to […]
Overland increases Darcy deposit
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Overland Resources has finalised the re-estimation of the JORC Code compliant mineral resource for the company’s Yukon base metal project in Canada. The company completed an exploration drilling program during 2011, which it said has extended the strike length of the known mineralisation at the Darcy and Andrew zinc deposits by 150 […]
Ventnor hits deep mineralisation at Thaduna
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Phase 4 drilling being carried out by Ventnor Resources at the Thaduna prospect has hit deeper copper mineralisation. The Thaduna prospect is situated on the company’s Thaduna and Green Dragon copper project located 170 kilometres north of Meekatharra, in the Doolugunna district of Western Australia. The project sits 40km east of the […]
Strategic strikes eponymous tungsten deal
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Strategic Materials, the 100 per cent-owned subsidiary of ASX-listed Strategic Elements, has secured the exploration rights to the Wicklow Tungsten Block, located approximately 60 kilometres southwest of Dublin, Ireland. The Wicklow Tungsten Block contains an extensive tungsten system Strategic Elements claims to be potentially up to 10km in strike length. Two previous […]
U308 signs joint venture with MH Argentina S.A.
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Perth-based ASX-listed company U3O8 has announced that its 100 per cent-owned subsidiary, Piche Resources has signed a Joint Venture Agreement with MH Argentina S.A. on the Cerro Chacon project in Argentina. By Mark Jones, The Cerro Chacon Project consists of 11 tenements, covering an area of approximately 419 square kilometres, in the […]
Crusader identifies new Borborema targets
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Crusader Resources has identified a number of new exploration targets situated within the mineralised system hosting the company’s multi-million ounce Borborema gold project in Brazil. The targets were identified through a review Crusader conducted of all existing data of the Seridó Belt, which is the regional host of the Borborema project. […]
Steven Michael – Segue Resources
/in Uncategorized /by Wally GrahamONE OFF THE WOOD: Managing director of South Africa-focused manganese play Segue Resources, Steven Michael walked into the front bar of The Roadhouse this week, slammed a big black rock on the bar and proclaimed, “That’s manganese, Wally and we’ve got plenty of it!”. Steven, can you give us a quick run-down on the Emang […]
Ivanhoe commences production at Osborne
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Ivanhoe Australia has achieved the first production of copper and gold concentrate at the company’s Osborne processing facilities south of Cloncurry, in northwestern Queensland. “The commencement of copper-gold production at the Osborne facilities is an important first step in what we envisage will be the creation of a strong cashflow stream for […]