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Westgold, Metals X announce $330m merger plan

Tin producer Metals X and gold miner Westgold have announced a merger plan to create a $330 million diversified resources group.

Alcyone cuts price of capital raising

Alcyone Resources has cut the price and size of a planned share placement, in response to tough market conditions and global financial instability.

Straits raises $30m through placement

Straits Resources has completed a $30 million share placement, days after a planned $40 million asset sale fell apart.

Cape Lambert to sell Leichhardt for $25m

Cape Lambert Resources says it has reached agreement to sell its Leichhardt copper project in Queensland for $25 million, less than two years after purchasing it for $7.75 million.  

Bora Bora set to list on ASX

Gold and base metals explorer Bora Bora Resources is set to list on the Australian Securities Exchange, after raising $2.5 million through its initial public offering.

Emu bails out of Hillgrove mine buy

Emu Nickel has abandoned plans to purchase the Hillgrove antimony-gold project from Straits Resources for $40 million, after it failed to raise sufficient funds to cover the purchase.

Panoramic bid for Magma now unconditional

Panoramic Resources has waived the last remaining condition on its $40 million takeover bid for Magma Metals, after increasing its stake in the target to just over 44 per cent.

Indian giant invests in Apollo

Indian conglomerate Jindal Steel and Power has taken a significant stake in Apollo Minerals, part of a $3.6 million capital raising for the Perth-based iron ore explorer.

Panoramic in $5.25m-plus platinum buy

Panoramic Resources has acquired the Panton platinum project in the east Kimberley from Platinum Australia, for $5.25 million plus a 0.5 per cent royalty.

Panoramic a step closer to Magma takeover

Panoramic Resources has moved closer to completing its hostile $40 million takeover of Magma Metals, with the suitor’s third-largest shareholder moving to accept the bid.

Investmet backs Swan Gold revival

Perth-based investor group Investmet Limited has agreed to underwrite a complex recapitalisation of Swan Gold Mining, adding to a string of mining deals it has undertaken this year.

Legacy announces $6m Qld coal tenements buy

Legacy Iron Ore has acquired six highly prospective coal exploration projects in Queensland for $6 million.

Aurora makes $107m offer for Eureka

Perth based oil and gas junior Aurora Oil and Gas has announced a $107 million, unconditional on-market cash takeover bid for Eureka Energy.

RDG pays $6.25m for Ecologia

Resource Development Group has added a fourth arm to its engineering and contracting business after exercising an option to acquire Ecologia Environmental Consultants.

Blackham lines up funds for Matilda

Blackham Resources has secured $9.15 million in finance facilities to progress exploration work at its Matilda gold project in the northern Goldfields.

Middlemas appointment lifts Berkeley

Berkeley Resources' volatile share price jumped 28 per cent today, making up for similar losses last month, after the uranium explorer announced the appointment of successful Perth dealmaker Ian Middl

Forrest backs new Apex strategy

Andrew Forrest has thrown his support behind Apex Minerals' new management team, led by industry stalwart Ed Eshuys, pitching in $17.95 million to increase his stake in the company to just under 20 pe

Iron Road raises $11.5m

West Perth-based explorer Iron Road says it has secured $11.5 million in funding necessary to continue feasibility studies for its Central Eyre iron ore project in South Australia.

Galaxy taps market for $30m

Galaxy Resources stocks have slipped after the lithium miner completed a $30 million capital raising, $20 million under what it had originally targeted.

Panoramic, Minemakers takeovers turn hostile

Hostility surrounding takeover offers by Minemakers and Panoramic Resources has escalated, with the merit of independent expert reports and company valuations being challenged in both cases.

Breaker completes $8.5m IPO

Perth-based gold explorer Breaker Resources is expected to list on the ASX by April 20, after successfully completing an $8.5 million initial public offering.

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