Copper-focused MOD Resources has announced it is seeking a dual listing on the London Stock Exchange to increase its international profile and improve access to capital in the UK.
Australia’s resources industry has posted record exports of $220 billion for the 2018 financial year, as the country’s trade surplus rose to $1.8 billion, according to new data from the Australian Bureau of Statistics.
Marine services company Bhagwan Marine has expanded its fleet with the purchase of two specialist vessels that are larger than others in its current fleet.
The Prendiville Group has confirmed it is the owner and operator of inner-city pub The Brisbane Hotel after former licensee Geoff Hayward placed his private company into voluntary liquidation.
Hedley Widdup has stepped down as non-executive director of Kasbah Resources. Mr Widdup was a representative of the African Lion Fund which has a strategic 13% interest in Kasbah.
Perth-based Metals X has raised $50 million via an institutional placement, with the proceeds set to be spent at the company’s Nifty copper project in the Pilbara.
Cardinal Resources has secured a $US25 million ($33.7 million) credit facility with Canada-based asset manager Sprott Private Resource Lending, as the junior explorer progresses a feasibility study at its Namdini gold project in Ghana.
Ventnor Resources has exercised an option agreement to acquire the Muchea silica sand project north of Perth, while also announcing a $2.4 million capital raising.
Constellation Resources, a spin-out of Apollo Minerals’ Fraser Range assets, has begun trading positively on the ASX today, after raising $7 million via an initial public offering.
Junior explorer PolarX has boosted its coffers with a $3.9 million capital raising, with the proceeds to fund the company’s exploration program at its Alaska Range project.
Two Perth companies have announced board moves with political connections, with Austal director Jim McDowell leaving to take a powerful job with the South Australian government and IT company Cirrus Networks appointing Paul Everingham as a non-executive director.