ALL THE NEWS
Northern Star to boost production
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: West Australian-focused gold producer Northern Star Resources is set to increase annual production from 75,000 ounces per annum to 200,000 ounces per annum. The increase will take place over two stages and comes as a result of a decision by the company to upgrade the plant at its Paulsens gold mine and […]
Toro finalises tenements deal
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: In February uranium trend-setter Toro Energy announced it was acquiring a project called Millipede from MPI Nickel, a subsidiary of Norilsk Nickel Australia. The company has now announced that it has executed a raft of comprehensive legal documentation with MPI which has set out the commercial and legal framework for the purchase […]
Alloy commences Horse Well drilling
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Perth-based exploration play Alloy Resources has commenced a 3,500 metre air-core drilling program at its Horse Well project in Western Australia. The purpose behind the drilling program is to enable the company to test the north of its recent Warmblood discovery on a 100 metre by 50 metre or 25 metre hole […]
WestSide launches Galilee Basin exploration
/in Uncategorized /by Wally GrahamJETT RINK: The Galilee Basin exploration program of Brisbane-based coal seam gas exploration play WestSide Corporation has commenced with the spudding of the Glenlyon 1 exploration well located in exploration tenement ATP 974P in north western Queensland. WestSide said it expects the target horizons in Glenlyon 1 will most likely occur from around 1,000 metres […]
Elvis has left the building Sept 23
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. The Whisperer pokes his head down the corridors of power to take a quick look at some of the chairs to have recently been vacated and to find out which ones have been filled: Appointment of Non-Executive […]
Legacy secures cornerstone investor
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Legacy Iron Ore and National Mineral Development Corporation have proposed a formal Share Subscription Agreement which will result in NMDC subscribing for a placement in Legacy. The proposal follows an announcement by the company in May of the signing of a non-binding Memorandum of Understanding between the two companies. A subsequent independent […]
New Age completes $4M capital raising
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: New Age Exploration has completed a private placement of ordinary shares raising $4 million. The placement was taken up by an institutional investor and a sophisticated investor and will be carried out through the issue of just over 33.3 million ordinary shares at an issue price of 12 cents per share. New […]
Vector intercepts high-grade gold
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Vector Resources has received the first batch of assay results from a high priority drilling campaign being undertaken as part of the Phase 1 RC program at the company’s Mt Dimer project in Western Australia. Priority holes of the Phase 1 drilling have targeted near mine locations of Lightning, Anomaly 2, Silver […]
Blackham to acquire gold mines
/in The Bourse Whisperer /by Wally GrahamTHE BOURSE WHISPERER: Blackham Resources has executed a heads of agreement to acquire 100 per cent of the Wiluna South and Williamson gold mines. The deal will also see the company pick up the Regents, Carol Prior, Galaxy gold deposits in the Wiluna gold belt of Western Australia. The 500 square kilometre landholding surrounds the […]
Mining study confirms Excelsior potential
/in The Drill Sergeant /by Wally GrahamTHE DRILL SERGEANT: Excelsior Gold has completed a preliminary conceptual mining study on the Excelsior resource in the central portion of its 100 per cent owned Kalgoorlie North project. The results of the study have supported the company’s belief the deposit has the potential for large open pit development. Additional assay results received by the […]