ALL THE NEWS
Abbott launches AMEC with bingo bonanza
/in Uncategorized /by Wally GrahamLeader of the Federal opposition Tony Abbott opened the AMEC conference in Perth with a speech primed for word bingo players. Abbott was called to the lectern with the news that he had just hit the front as preferred Prime Minister over Julia Gillard in a recent poll. He opened his address to the representatives […]
Hannans rewards shareholders with new company
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: ASX listed resources company Hannans Reward is seeking shareholder support for the creation of a new iron and manganese focussed company. The new company, to be christened Newco, will be fashioned using Hannans’ existing iron and manganese projects as foundation assets. Hannans shareholders on the register as at 5pm on Friday 24 […]
Viking drilling increases Ghana confidence
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Drilling at West Africa focused Viking Ashanti’s 100% owned Akoase East gold project in Ghana has provided the company with confidence the existing 500,000 ounce JORC classified gold resource will be increased. Viking Ashanti recently received assay results from three RC pre‐collared diamond holes and five RC holes from the current program. […]
Encounter meets copper mineralisation
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Perth-based mineral exploration company Encounter Resources has received encouraging assay results from the mineralised intersection from a diamond drill hole at the BM1 prospect at the Yeneena project. The company reported via an ASX announcement in June the drillhole had intersected strong copper mineralisation over a 10 metre interval commencing from 32 […]
Atlas remaps Pilbara holding
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Western Australian iron ore producer Atlas Iron has tightened its grip on the Pilbara region. Atlas has reached an agreement with FerrAus Limited to further consolidate the Pilbara region, initially through a combination of the South East Pilbara iron ore assets of Atlas and FerrAus. According to the joint ASX announcement released […]
Mindoro Resources undertakes Philippines Feasibility
/in Uncategorized /by Wally GrahamEarly due diligence on a proposed nickel laterite project in the Philippines has indicated it has the potential to produce, at a low cost, at least 18,000 tonnes of the base metal per annum in a mixed hydroxide intermediate product. During 2010 the company behind the almost US$900 million project issued a National Instrument 43-101 […]
Mt Isa Metals receives assay results
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Copper-gold-focused resources company Mt Isa Metals has received assay results from further drilling completed at its Blue Star and Green Zone prospects as well as the Barbara copper‐gold deposit located approximately 45 kilometres east of Mount Isa. The Blue Star prospect is situated within the Blockade exploration permit, while the Green Zone […]
Castle and Beadell raise funds
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER : Institutional and sophisticated investors have answered the tin rattling of a couple of junior exploration plays. Castle Raises $4.8 Million to Fund Exploration Castle Minerals has received commitments to raise $4.8 million through the issue of 13.88 million fully paid ordinary shares at $0.35c per share. Key participants in the raising included […]
Southern Gold reloads Cannon
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Gold-focused junior resources play Southern Gold has updated the Mineral Resource on its 100%-owned Cannon gold deposit, located within the company’s Bulong South project 30 kilometres south east of Kalgoorlie, Western Australia. The new estimate has come in at 896,000 tonnes at 3.3 grams per tonne for 94,500 ounces of gold increasing […]
Elvis has left the building No.5
/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: Completion of A$12 million […]