Jessica Mascione

Takeover target Cardinal Resources has recommended shareholders vote in favour of the recently-improved proposal from Shandong Gold, which is offering to buy Cardinal for around $395 million.

Stavely Minerals says it will use $28 million raised to progress the company’s flagship copper-gold project in Victoria, while Lion One Metals has sought funds for its Fijian gold project.

Northern Star Resources has achieved record gold output for the June quarter, with production from its Australian operations up 6.5 per cent on the same time last year.

Newcrest Mining has achieved its production guidance for the 2020 financial year, however, the goldminer’s full-year output was 13 per cent down on the prior year.

Shares in both Metalicity and Nex Metals Exploration were up today after the joint venture recommenced drilling at the high-grade Kookynie gold project in Western Australia.

Welshpool-based MACA has secured its second mining contract this month after receiving a $130 million extension of works from Ramelius Resources.

Saracen has surpassed its production guidance for the 2020 financial year, though the goldminer’s performance has been overshadowed by the recent death of an underground worker.

Strike Energy has signed an agreement with ASX-listed Talon Petroleum, which will begin drilling the Walyering appraisal well in the Perth basin next year.

Azure Minerals will gain interests in four Western Australian gold assets from Creasy Group, with initial exploration to be funded by a $4 million capital raising.