ALL THE NEWS
Andre Labuschagne – Norton Goldfields
/in Uncategorized /by Wally GrahamONE OFF THE WOOD: On his way to the airport Norton Goldfields managing director Andre Labuschagne called into the Roadhouse for a quick refreshment and a quiet chat. It’s been a good year for Norton Goldfields. The company has been able to turn a lot of things around. What would be your top highlights for […]
NSL begins plant construction
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Bulk commodity developer, NSL Consolidated has commenced construction on its US$2.3 million Kurnool iron ore beneficiation project in India. The company’s schedule should result in it initiating first stage commissioning of the plant by year’s end and deliver maiden revenues in the first half of. Work is underway on the plant site […]
Sundance accepts Hanlong offer
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Sundance Resources has given the thumbs up to the proposal by Hanlong (Africa) Mining Investment Limited to acquire 100 per cent of the company for 57 cents cash per share via an Australian Scheme of Arrangement. The deal values Sundance at $1.65 billion and represents a 65.3 per cent premium to Sundance’s […]
Doray extends Andy Well
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Diamond drilling at Doray Minerals, Andy Well project (Doray 80%) has extended the high-grade Wilber Lode to over 600 metres. This represents a 200 per cent increase in the strike length when compared with the current resource. A number of holes from the current drilling program have also returned gold intersections. The […]
Sheffield confirms talc intersections
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Sheffield Resources announced high-grade talc results from drilling at its Moora Talc Belt project located in Western Australia’s Mid West region. Assay results from a 1,238 metre core drilling program completed intersected talc at all six prospects drilled. Furthermore, significant widths of talc are defined at three of the prospects; Fowlers, Prowaka […]
Dempsey says not to Cacule Option Agreement
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Dempsey Minerals has elected not to exercise the Cacule Option Agreement following exploration and field reconnaissance failed to provide it with any satisfactory encouragement. A small drilling program undertaken at the site provided sub-economic results. The company spent approximately $150,000 to undertake works to satisfy requisite due diligence assessment to the company’s […]
Laconia scores high at Lennons Find
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Perth based explorer Laconia Resources recently completed a 42 hole, 1,939 metre Reverse Circulation (RC) drill program at its Lennons Find base metals project located near Marble Bar in Western Australia. According to Laconia the drilling has intersected significant, high-grade zinc and silver mineralisation. The company has received initial assay results for […]
Octanex moves towards drill decision
/in Uncategorized /by Wally GrahamJETT RINK: Oil & Gas company Octanex, with its Joint Venture partner OMV New Zealand, has progressed towards reaching a decision on whether to drill the Matuku prospect in PEP 51906. PEP 51906 is situated in the offshore Taranaki Basin of New Zealand. Octanex holds a 35 per cent participating interest in the permit. The […]
Noble raises $34m in share placement
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Noble Mineral Resources has raised $34.1 million through a share placement, priced at 55 cents per share. BGF Equities was the lead manager to the placement, which was picked up by institutional and sophisticated investors. Noble Mineral Resources said it intends using the proceeds of the raising to complete the refurbishment it […]
Focus releases FY11 results
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Australian gold producer Focus Minerals has announced a record full-year Revenue and Net Cash from Operating Activities, which it said will position the company for strong growth. In the 2001 financial year (FY11) Focus increased its annual revenue by 39 per cent to $102.8 million, compared to 2010 financial year (FY10) revenue […]