WHEN it floated in 2007 the Fairholme porphyry copper-gold ground in New South Wales was Clancy Exploration’s flagship project. But it will only be later this year with the advent of a partner and new proprietary technology that significant exploration is finally set to be carried out.
WHILE the reverse circulation drilling currently underway will be the definitive judge of whether the market sizzle is warranted – at least in this first instance – greenfields gold explorer Breaker Resources has been one of the few market success stories of the past year.
TWO words can mean the difference between lengthy permitting delays and uninterrupted advantages when it comes to staking out a mining patch in the US. Those two words are patented claims.
IN AN ideal world Encounter Resources wouldn’t have farmed out its Yeneena copper project to Antofagasta, but ironically, the company’s current shareholders perhaps need not be too disappointed that it is not an ideal world.
IS A globally significant gold camp in the process of being uncovered in a sleepy little Australian backwater by an American geologist?
THE tungsten space in Australia has been, to excuse the pun, a hard act for investors to get too excited about, with most companies in the sector underwhelming the market as a matter of routine. Tungsten Mining NL plans to be the exception.
THERE is a lot hinging on upcoming drill programs in Argentina and New Zealand for De Grey Mining (ASX: DGM). And while the company undoubtedly needs a bit of lady luck to head its way, it has at least put itself in the right geological areas so as to give itself the best chance of success.
IF THE claim that this is the best discovery since Four Mile has veracity, then the lack of market interest perfectly illustrates the depressing (for promoters and shareholders!) sentiment for uranium stories. Bottom fishers may be very interested.
IT IS another case of ‘nearology’, it is fortuitous, and it could change Matsa Resources forever. ‘It’ is Matsa’s Symons Hill ground right next door to Sirius Resources’ breakthrough Nova/Bollinger nickel-copper discovery in Western Australia.
DOWN to its last $A400,000 or so, cash strapped Traka Resources will likely be a big beneficiary of a report this week of a new BHP copper discovery in the Musgrave Ranges.
MARK Bennett doesn’t immediately strike as Robert Friedland and Sirius Resources’ Fraser Range project is no Voisey’s Bay. Not yet anyway!
ACTIVITY in the market suggests some punters have been comparing Rox Resources’ nickel discovery with Sirius Resources’ rise to fame, despite each of their deposits containing completely different styles of mineralisation.
ANOTHER month, another exploration success! They are not coming quite that fast but they do seem to be coming with regularity and in different commodities, shapes and sizes. Sirius, Peel, Rox, and, this week, Kidman have all enjoyed strong market success, while an unleveraged BHP is rumoured to have an absolute stunner on its hand at Leinster. So what’s going on?
BIG picture explorer Musgrave Minerals (ASX: MGV) remains on the lookout for new projects in both South Australia and elsewhere, not that the market is fussed one way or the other. And Musgrave is far from alone on this score.
THE real ‘bounty’ so to speak remains the potential of Blue Vein, but in the meantime Convergent Minerals want to get into gold production and begin making a mockery of the lowest enterprise value per resource ounce on the ASX.
ONCE upon a time, before the current management team got its hands on Canadian-listed Euromax Resources’ portfolio, the potentially world class Trun gold project in Bulgaria was the prize asset for a board steered by geologists.
MICHAEL Fotios enjoyed a big win backing Northern Star, and is clearly hoping to do the same with his significant investment in Horseshoe Metals (ASX: HOR). However, the two companies are rather different beasts given Horseshoe represents much more of an exploration punt.
GIVEN Nathan McMahon would have seen one or two projects in his day, the Cazaly Resources managing director’s comment about having “never seen a project so left on the shelf” as the high-grade Mt Angelo copper project twigs interest.
VETERAN mining promoter Bob McNeil is confident about the near-term success of new venture Torque Mining in Tasmania, but not so positive about its prospects of exciting the market post-listing in the next month or so even though he thinks there has been a 100% improvement in equity market sentiment since November last year. So he’s got a few tricks up his sleeve.
THE managing director of Southern Gold (ASX: SAU) Nanette Anderson suggests investors should take a look at the story of Integra Mining to understand the latent potential of the languishing junior she runs.