Archives for Companies - Page 7
I last wrote about Coppermoly on 4 July 2013. The Company had just announced that it was acquiring Barrick’s interest in its PNG projects, and that Jelsh Holdings Pty Ltd has agreed to underwrite a Rights Issue to raise approximately $2 million at a price of $0.045 per share. Read…
I had a very agreeable meeting with Sovereign Gold Company’s MD, Mr Michael Leu, yesterday. My first impression is that Michael’s geological team is probably one of the best in the country. This is something I consider very important – but then I am a geologist. We had a wide…
Blackthorn Resources has a current market capitalisation of around $40 million and had cash of $28 million at the end of March 2013, leaving an “enterprise value” of around $12 million. This seems low, given the company’s assets, and is therefore worth a closer look. The share price has been…
Sovereign Gold Company today released gold results for its first deep drill hole (GHD001) at Hobbs Pipe 1 at its Mount Adrah Project: 284 metres at 1.2g/t gold from 192 to 576 metres. When allied with previous drilling, this result shows that the pipe is mineralised from surface to at…
Coppermoly is an ASX-listed exploration company focussed on copper-gold-molybdenum projects. All its projects are on New Britain Island in PNG. The Nakru, Simuku and Talelumas projects are all joint ventured with Barrick (PNG Exploration) Ltd, wherein Barrick holds 72% and Coppermoly 28%. Barrack earned its interest through exploration expenditure of…
Earlier this week ZYL announced an update to the Mbila resource. Total JORC-compliant Resources at Mbila now stand at 125 million tonnes of anthracite. The main advance since the last resource statement, in November 2012, is that Measured and Indicated Resources have increased from 39% to 70% of the total…