ALL THE NEWS
Aviva scores gold hits in West Kenya
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Aviva Corporation has been busy in West Kenya drilling at the Bushiangala and Kimingini prospects where it has hit gold mineralisation with four exploratory diamond drill holes. The two prospects are both situated adjacent to the western end of the Kakamega gold camp, a 25 kilometre by 15 kilometre area located within […]
Gold Overview – US$1,500 just the start
/in Uncategorized /by Wally GrahamAs expected, gold didn’t require much effort in smashing through the US$1,500/oz psychological barrier on the back of a host of economic factors in Europe and the US and other politico-economic uncertainties in Africa and the Middle East. And don’t expect gold to stop: there’s only one direction for the price (amidst profit-taking) and that’s […]
Iron Ore Holdings conceptualises Bungaroo South
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: SRK has completed a Mine Concept Study, on time and within budget, for Iron Ore Holdings on the Bungaroo South project. The Bungaroo South channel iron deposit currently contains a 241 million tonnes JORC Resource of average 57.2% iron grade and is one of IOH’s largest identified deposits. Bungaroo South lies within […]
Spitfire Resources hardens up Woodie Woodie
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Spitfire Resources has reported a third manganese discovery to join the Tally-Ho and Contact discoveries at its South Woodie Woodie project in the East Pilbara region of Western Australia. The new area is imaginatively known as Contact North, as it lies just 700 metres north of the recently discovered Contact deposit. The […]
BC Iron releases summary KPMG report
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Perth-based iron ore producer BC Iron’s has released a summary by of the report by independent expert, KPMG Corporate Finance explaining why it was of the opinion the now terminated Scheme of Arrangement with Regent Pacific Group was not fair and not reasonable, and therefore not in the best interests of BC […]
Nullagine JV partners set to help further WA’s mining revenues
/in Uncategorized /by Wally GrahamWhen BC Iron’s Nullagine joint venture in Western Australia’s Pilbara was officially opened during mid April, it literally hit the ground running. Along with JV partner Fortescue Metals Group, the company had already seen 20,000 tonnes of its ore exported through Port Hedland and another 20,000t moved. It also looked on course to achieve its […]
Cloncurry sale launches ‘new’ Exco Resources
/in Uncategorized /by Wally GrahamExco Resources managing director Michael Anderson is a man who is very rarely lost for words. Now the sale of one of the company’s major assets has given him plenty more to say. Exco recently announced it had entered into an agreement to sell the Cloncurry copper project to Xstrata Copper for the tidy sum […]
South Australia okays vital port Infrastructure
/in Uncategorized /by Wally GrahamAs the iron ore minnows of the Pilbara in Western Australia continue their battles to gain access to vital port infrastructure the proposed development of a significant South Australian infrastructure project has moved closer to being. The project in the spotlight is the proposed new multi-million dollar bulk commodities export facility to be located at […]
Ram Resources revises terms for remaining interest
/in Uncategorized /by Wally GrahamTHE BOURSE WHISPERER: Ram Resources has signed a non-binding Memorandum of Understanding with the minority shareholders of Greenland Resources for the remaining interest in Motzfeldt project in Southern Greenland. Greenland Resources is a United Kingdom based company, which holds the Motzfeldt project, of which Ram already holds 51%. The MoU will vary the terms on which […]
Maiden drilling encouraging for Sheffield Resources
/in Uncategorized /by Wally GrahamTHE DRILL SERGEANT: Bulk minerals explorer Sheffield Resources has returned encouraging drilling results from its Yandanooka heavy mineral sand project located 50 kilometres northeast of Eneabba in Western Australia’s mid-west region. The current drilling program is Sheffield’s first at Yandanooka, and its first since listing in December last year. These latest results have improved on results […]