Panoramic Resources has agreed to sell the Lanfranchi nickel project for $15 million to Texas-based Black Mountain Metals, showing the American business is still on the hunt for nickel opportunities in Western Australia.
ASX-listed Volt Power Group has suffered a major setback after BHP suspended its long-runing service relationship with wholly-owned subsidiary Wescone Distribution, less than a year after Volt bought Wescone.
Perth-based Australian Mines has secured a $US12 million convertible note facility with a New York fund, as it seeks to continue development of a Queensland cobalt project and completes the acquisition of a second cobalt deposit.
Lithium producer Altura Mining has secured an additional $US15 million of debt funding to support a second stage expansion and the ongoing ramp-up of its Pilgangoora operation, after officially opening the project last week.
Gold producer Resolute Mining has appointed Sabina Shugg as a non-executive director, while new data from the Australian Institute of Company Directors has revealed an uptick in female participation on ASX 200 boards.