Matt Mckenzie

Perth based junior airline Cobham Aviation Services has been awarded a contract to provide fly-in, fly-out services to two Gold Fields Australia mine sites in Western Australia.

Work has started on the $207 million Karratha Health Campus, with Downer EDI today beginning a $15.5 million earthworks program.

Gold and mineral explorer Renaissance Minerals has completed a $6 million equity placement to fund acceleration of exploration and drilling activity at its fully owned Cambodian gold project.

Poseidon Nickel has released its June quarter update, after acquiring the Black Swan project from Norilsk for $1.5 million.

Owners of graphite stocks have enjoyed strong returns during the past year on the back of demand for the mineral’s use in lithium ion batteries, however it is the potential to tap new markets that has some in the sector even more excited.

Shares in former Perth-based company IMX Resources have more than doubled today, as the company has announced a significant graphite deposit at its Nachingwea property in Tanzania, with a graphitic unit up to 500 metres wide and more than 10 kilometres long.

Alicanto Minerals has today announced it has received firm commitments for a placement of 10 million shares to raise $1.5 million, and will be offering an additional $300,000 share purchase plan to eligible shareholders.

Gold and copper explorer Silver Lake Resources has reached agreement with Newcrest Mining for acquisition of its share of the Mount Monger joint venture for around $1.5 million.

Bankwest has released its Future of Business report for July, revealing an insight into the expectations of small and medium-sized enterprises Australia wide.