Month: May 2015

Golden Arrow Resources

Report: Golden Arrow Resources – Flash Update

Golden Arrow Resources (GRG.V) saw its share price spike in April and almost touched the C$0.50 per share, which is approximately 150% higher than the company’s share price as of at the end of 2014. That’s an excellent performance supported by another batch of good drill results and the fact […]

Marengo Mining updates the Yandera resource estimate

Marengo Mining updates the Yandera resource estimate

Marengo Mining (ASX:MGO , MRN.TO) has announced an updated resource estimate on its Yandera copper project in Papua New Guinea. The total resource estimate now contains 5.4 billion pounds of copper, 1.8 million ounces of gold and 150 million pounds of molybdenum. The product mix on the property is very […]

Highfield Resources raises in excess of A$100M – share price is up 246%

Highfield Resources raises in excess of A$100M – share price is up 246%

Highfield Resources (ASX:HFR) has successfully completed a capital raise by issuing 56 million new shares at A$1.80 per share. This increases the company’s total cash balance to A$120M and puts Highfield Resources in a very strong position to fund a large part of its equity contribution for the A$330M Muga […]

Atrum Coal has signed a $100M equipment financing deal

Atrum Coal has signed a $100M equipment financing deal

Atrum Coal (ASX:ATU) has announced it has signed an equipment financing agreement with the China Coal Technology and Engineering Group. As part of the agreement, CCTEG will provide several pieces of equipment that will allow Atrum to start developing its initial small scale mine at the Groundhog project in Canada. […]

Lupaka Gold starts underground trial mining at Invicta

Lupaka Gold starts underground trial mining at Invicta

Lupaka Gold (LPK.V) has announced it has engaged a Peruvian mining contractor to start the underground mining operations at the Invicta poly-metallic project in Peru. The company intends to complete an initial batch of 400 tonnes to be processed at a toll mill in Chimbote. This should allow Lupaka to […]

Rio Tinto options Eurasian’s Superior West project

Rio Tinto options Eurasian’s Superior West project

Eurasian Minerals (EMX.V, NYSEMKT:EMXX) has announced it has signed an agreement with Kennecott Exploration (a subsidiary of Rio Tinto (RIO) ) whereby the latter can earn a 100% interest in the property by making a $1.15M cash payment to Eurasian (spread over five years), as well as incurring $5.5M in […]

Regal Resources’ scoping study at Kalongwe isn’t interesting enough

Regal Resources’ scoping study at Kalongwe isn’t interesting enough

Regal Resources (ASX:RER) has announced the outcome of a scoping study at its Kalongwe copper project in the Democratic Republic of Congo. Regal owns 30% of the project with Traxys (30%) and a government holding (40%). According to the scoping study, the Kalongwe project could be brought into production for […]

Formation’s new PEA on the Idaho Cobalt Project has been filed

Formation’s new PEA on the Idaho Cobalt Project has been filed

Formation Metals (FCO.TO) has released the results from an updated PEA on its Cobalt project in Idaho, USA. The initial capital expenditures are almost $150M, but as the project would produce almost 3 million pounds of cobalt per year (on average) at a cash cost of less than $5/lbs, it […]