Jessica Mascione

The Housing Industry Forecast Group (HIFG) has downgraded its estimate on the number of dwellings to be built in Western Australia for the current financial year, with the updated figure almost 20 per cent lower than FY19.

Australian Football League boss Gillon McLachlan has confirmed the resumption of the 2020 season, with an initial four rounds of football to begin on June 11.

Gold explorer Middle Island Resources has received commitments to raise $4 million under a share placement, with the proceeds to fund continued drilling at the company’s Sandstone project in Western Australia.

Horizon Minerals has begun early stages of mining at its Boorara gold project, with first production expected in July, while explorer Bardoc Gold says a definitive feasibility study for its namesake project in Kalgoorlie is underway.

Gold explorers Great Southern Mining and Fraser Range Metals have launched new capital raisings today, with the proceeds to fund exploration programs in Western Australia and NSW.

UPDATED: Private equity player Aurenne Group has made a $32 million all-cash takeover offer for ASX-listed Alt Resources, which is developing the Bottle Creek gold mine in Western Australia.

AVZ Minerals will receive a $10.5 million investment from China-based Yibin Tianyi to progress its flagship lithium project in Central Africa, while also receiving commitments to raise $5.3 million.

The state government’s $2 billion Morley-Ellenbrook rail project has been given the go-ahead from Infrastructure Australia, though the national body questioned some of the benefits and found they would just outweigh the costs.

Newcrest Mining has completed a $1 billion placement, partly to fund an increased stake in a goldmine in South America, amid to raise a further $100 million under a share purchase plan.