Mining Bulletin

The full story: In-depth news and analysis

You are here

Mining Brokers

Junior Great Western Exploration’s recent landmark joint venture agreement with Kazakhstan’s state-owned mining company to explore a highly prospective land package could yield short term exploration success, Breakaway Research said.
The Australian-based company recently inked the agreement to earn a 50% stake in the prospective Spasskaya project, which has significant resource potential based on Soviet exploration data from the ‘70s.

Australian-focused Proto Resources and Investments’ plan to acquire a majority stake in Dourado Resources’ exploration licences in Western Australia’s Yerrida Basin provides it with strong leverage in an emerging copper province, research house RM Research reports.

UK-based Ariana Resources has received a £1.25M cash injection that will progress works at its Red Rabbit gold project in Turkey through to construction, Edison Investment Research said.
The company has raised the funds via a subscription/equity swap agreement with investment firm Lanstead Partners that will allow it to complete pre-development works including environmental approvals with Turkish authorities.

Australian-based Ascot Resources has returned encouraging data indicating the presence of coking coal from the first phase of drilling at its Titiribi coal project in Columbia, equity research firm RFC Ambrian reports.
Preliminary results indicate a semi-soft highly volatile coking coal could be mined at Titiribi, which is likely to be relatively high in sulphur but exceptionally low in phosphorous.

UK-based Regency Mines’ Mambare nickel laterite deposit in Papua New Guinea has the potential to be one of the world’s largest deposits of its kind, with its JV partner Direct Nickel’s new nickel laterite treatment technology to potentially add value to the project, Edison Investment Research said.

Exploration at TNG’s 100%-owned Mount Hardy copper-gold project in Australia’s Northern Territory has identified 13 prospective anomalous targets, which adds weight to continued exploration at the project, Old Park Lane Capital reports.
The company has flagged eight of these targets as priority areas for further work with ground geophysical techniques scheduled to advance the targets to drill-ready status with a plan to recommence drilling during the next quarter.

The future of Australian junior Gascoyne Resources’ promising Glenburgh gold project in Western Australia is tipped to be robust due to exploration potential and projected low capital costs, State One Stockbroking said.
The company’s 100% owned project has seen multiple highlights recently, including a resource boost which lifted its resource grade by 25%.
Gascoyne’s latest estimates put Glenburgh’s total resources at 21.1Mt at 1.5g/t for 1Moz at a 0.5g/t gold cut off.

Adelaide Resources’ exploration work at its Moonta copper gold project in South Australia is turning up high grade drill results with the company tipped for additional exploration success, Breakaway Research reports.
As part of its exploration works at the project’s Alford West prospect, the company recently intersected 20m at 4.2% of copper and 0.27g/t of gold from 32m and 45m at 1.55% of copper at 1.8g/t of gold from 15m.

Discussions about the future of Highlands Pacific’s Frieda River copper-gold project in Papua New Guinea are continuing after it challenged work by Xstrata Copper, with significant cash flow hinging on the successful development of the project, Independent Investment Research said.

Emerging producer Primary Gold’s Toms Gully underground project in Australia’s Northern Territory, which last month posted a 96% resource increase to 275,000oz gold, holds solid development potential, stockbroker Patersons Securities reports. 
Primary is conducting a feasibility study at Toms Gully, part of the wider Mt Bundy gold project, with outcomes and a reserve statement to be completed this quarter.


Mining Billboard

Insights and analysis from leading industry commentators