ALL THE NEWS
Exco completes Cloncurry sale to Xstrata
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Australian exploration and mining company Exco Resources has successfully completed the sale of the Cloncurry copper project to Xstrata. The price tag of $175 million has now been banked boosting Exco’s cash balance in excess of $220 million, pre-tax, which equates to approximately 62 cents per share, fully diluted. As the company […]
Greenearth signs on for CO2 conversion technology
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Australian geothermal company Greenearth Energy has closed negotiations on an exclusive, worldwide Research and Licence Agreement for a revolutionary technology with the ability to convert CO2 emissions into fuel. The deal has been struck with Yeda Research and Development, the commercial arm of Israel’s Weizmann Institute of Science. Greenearth will assign the […]
Resolute releases staunch production forecast
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Unhedged ASX-listed gold miner Resolute Mining has released its Group gold production and cash cost guidance for the coming 2011-12 year. Resolute has forecast its gold production in the coming year will increase to 410,000 ounces at a cash cost of $730 per ounce. The company wasn’t backward in coming forward by […]
Gold intersections under Southern Cross
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Recent infill drilling carried out by ASX-listed junior gold play Southern Cross Goldfields has delivered a series of high-grade intersections. The drilling was carried out on the Golden Orb deposit, part of the company’s 100% owned Marda gold project in Western Australia. The company said the latest results have strengthened the resource […]
Trafford cashes up from share sell-off
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Perth-based mineral exploration play Trafford Resources has sold off a chunk of its share portfolio in order to raise $4.1 million. Trafford has sold just under 2.5 million shares in Robust Resources with the proceeds earmarked to fund an aggressive exploration program. The program will focus on what the company considers to […]
Hot chili widens Chilean copper strike
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Chile-focused ASX-listed junior Hot Chili has received some encouraging results from drilling at its flagship Productora project. The company has also continued a run of wide zone multi-commodity copper mineralisation intersections. Resource drilling at Productora has returned several higher-grade multi-commodity copper results from within the central area of the project. The company […]
Azure to fly solo on Mexican project
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: ASX-listed powerhouse OZ Minerals has walked away from the San Eduardo Joint Venture with Mexican-focused Azure Minerals. Exploration to date has focused on the southern part of Azure’s 100% owned San Eduardo project area including geological mapping, surface geochemical sampling, and geophysical surveying. This activity identified a porphyry copper target, which was […]
Sale of Every Day underground drilling
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Queensland-based Every Day Mine Services Limited has entered into an agreement to sell its underground diamond drilling (UDD) division for $1 million to ASX-listed Western Australian-based drilling company, Swick Mining Services Limited. EDMS said its decision was based on its increasing focus on its drilling services activities on surface drilling. This focus […]
Talisman in acquisition double
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Diversified ASX-listed exploration play Talisman Mining has expanded its exploration portfolio by acquiring an 80 per cent interest in the Muddawerrie and Livingstone gold projects, located in Western Australia’s north-eastern Goldfields. The Muddawerrie project, located 100 kilometres northwest of Meekatharra, contains two mineralised shear zones extending over a strike length of more […]
Australian Bauxite hits bauxite
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Emerging ASX-listed bauxite exploration and development play Australian Bauxite has received results back from the laboratory from drilling at its Guyra project in New South Wales. Sixty-three holes intersected a thick layer of bauxite located beneath a thin clay horizon, including some exceptionally high grade, thick gibbsite bauxite. “This is our 2nd […]