Spinifex

Auspicious Timing For Syama Upgrade

Resolute Mining boss Peter Sullivan could not have picked a better time to announce a massive reserves upgrade for the Perth company's Syama gold project in Mali.The doubling in Syama's reserves announced at the end of last week adds another 1.5 mil...
July 18, 11:59 am
Focus, Crescent Investors Yet To Be Swayed On Union

It's been a slow start for Focus Minerals boss Campbell Baird in his $72 million friendly scrip-swap takeover of Crescent Gold.The suitor's shareholding has only just passed the 20 per cent threshold and even then most of the stake has come courtesy...
July 14, 12:38 pm
Rare Earths Stocks Off the Boil As Delays Loom

The excitement has eased around Australia's rare earth stocks lately on news the country's two most advanced projects could face delays.In the case of Arafura Resources, a delay of nine to 12 months is confirmed because the company wants to expand t...
July 4, 12:12 pm
Beach Petroleum Cashes In $25m Ramelius Stake

Beach Petroleum last week quietly ended an 18-year equity link with Perth gold miner Ramelius Resources by selling the last of its 7 per cent stake for $25 million.Beach, whose chairman Bob Kennedy and managing director Reg Nelson are still on Ramel...
June 27, 10:49 am
Tanzania Call Pays Off For Explorer Uranex

The latest batch of drilling results from Uranex's Mkuju project seems to validate the Perth uranium explorer's call last year to focus on its Tanzanian assets.Grades and widths, including one intersection of 42m at 605 parts per million, were broad...
June 20, 11:56 am
Bayan To Hop In To Kangaroo with $277m Coal Deal

Kangaroo Resources investors will today vote on a $277 million deal that will result in one of Indonesia's biggest coal producers getting a backdoor listing via the Perth-based miner.Shareholders in Bayan Resources have already approved the deal, un...
June 13, 12:56 pm
Northern Star's Path a Rare Shining Light

Sharemarket investors have had a week to forget, unless they own Northern Star Resources scrip.Shares in Bill Beament's $150 million-rated Pilbara gold miner jumped 25 per cent to 50¢ last week as investors grew increasingly excited at the prospect ...
June 6, 1:55 pm
It's All Testing Territory As DCM Backs Exxaro Bid

Austrian metals trader DCM DECOmetal is leaving little to chance to ensure the success of the $123 million cash takeover of Territory Resources.One of the conditions of Exxaro Resources' 46¢ a share takeover bid is that Territory recoups $6.7 millio...
May 31, 12:31 pm
Tungsten Result Gives Wolf Legs

Humphrey Hale is taking his Wolf Minerals story on a marketing roadshow to east coast investors this week with the help of Blackswan Equities, so expect some movement in the tungsten hopeful's share price.And upward movement is required over the nex...
May 23, 12:21 pm
Day Puts His Mark On Kagara

Kagara managing director Geoff Day has been in the hot seat for just over two months and last week announced the first in a raft of corporate deals expected from the ex-Newcrest Mining senior executive.Under a strategic alliance with Monto Minerals,...
May 16, 12:31 pm
Challenger Doray Taps Dominion Boss For Board Role

For all the success that Peter Alexander and his team at Dominion Mining enjoyed over 15 years working on the Challenger gold asset in South Australia, their exit through Kingsgate Consolidated's $376 million takeover late last year was swift and wi...
May 9, 12:39 pm
Chinese Suitor Keeps Eye On TNG Progress

Vanadium hopeful TNG has extended a memorandum of understanding with its Chinese suitor but axed an exclusivity clause, while it continues to work on securing finance for its Northern Territory project.The unnamed state-owned Chinese group, whose 45...
April 26, 12:41 pm
Padbury Plan May Yet Get It a Slice of Oakajee Action

Padbury Mining is shaping up as a curious beast in the Mid West.It's got iron ore - not unusual in the region - and, all things going to plan, an advanced technical study on rail and port infrastructure options.So why, then, is Padbury's share price...
April 4, 12:35 pm
Eyes On Hedland Port Carve-up

A definitive feasibility study over the South West Creek development at Port Hedland is moving closer as all eyes remain on Fortescue Metals Group and Brockman Resources.Brockman, Atlas Iron and FerrAus are collectively entitled to 50 million tonnes...
March 28, 11:27 am
Fox Moves a Step Closer To Start-up of Radio Hill Project

It has taken a bit longer than anticipated but Terry Streeter's Fox Resources is finally getting into a position where it can sanction development of the Radio Hill nickel-copper heap-leaching project south of Karratha.Radio Hill was previously oper...
March 21, 12:40 pm
Global Tiptoes Back To Tantalum

WA will once again lay claim to the world's biggest tantalum mine when Global Advanced Metals' Pilbara operation resumes production mid-year against a backdrop of tightening supply.Global Advanced has already secured long-term contracts for Wodgina'...
March 14, 1:03 pm
Drilling To Focus On Treasure Island

Let the treasure hunt begin.At the weekend, Focus Minerals was preparing for the first of a 20-hole maiden drilling campaign at its Treasure Island exploration project, south of Kambalda.As corny as the name is, Focus is optimistic that the drilling...
March 7, 11:21 am
Southern Cross Rattles Tin For Feasibility Study

Southern Cross Goldfields has become the latest WA gold player to rattle the tin, coming on the heels of Integra Mining's $40 million capital raising.But unlike its bigger rival, the Glenn Jardine-headed explorer is thought to be looking for a more ...
February 23, 2:01 pm
Junior Rico Has Big Picture Savvy, Impeccable Links

Iron ore may be the hot potato of the moment but the challenge for a junior with no previous expertise trying to raise more than $40 million for a small, modest-grade Pilbara deposit remains substantial.Undeterred, Imants Kins and Nathan Featherby o...
February 21, 12:12 pm
Northern Star Sees Ugly Duckling's Golden Promise

The ancient Greek adage that "beauty lies in the eye of the beholder" is getting a serious workout in WA's gold industry.Northern Star Resources was one of the many players to have seen potential in an unloved asset, last year reinvigorating the Pau...
February 14, 11:34 am