West-Perth based diamond exploration and development company Lonrho Mining Ltd has successfully raised almost $4 million through the placing of 14 million fully paid ordinary shares at 28 cents per share to a number of significant European based instituti
Subiaco-based Golden State Resources Ltd's partly-owned subsidiary White Canyon Uranium Ltd is looking to raise up to $19.5 million though an intitial public offer to fund the exploration and development of its United States uranium projects.
Subiaco-based mineral explorer Brockman Resources Ltd has raised $8.14 million via the placement of 7,750,000 shares at $1.05 per share, predominantly to domestic and international financial institutions.
Emerging Perth-based nickel producer Halcyon Group Ltd has announced a non-renounceable rights issue to raise funds for working capital and development of its Canegrass Nickel Cobalt project in the North-Eastern goldfields.
A 60% increase in throughput is already being considered by Allied Gold Ltd as the Perth-based miner readies for first production next month from its flagship A$87 million gold mine in Papua New Guinea.
Coogee Resources chairman Gordon Martin has described last year’s failed public share offer as “probably the best thing that could have happened” to the company, which is proceeding with its $800m oil project in the Timor Sea under private ownership.
Fairstar Resources Ltd has announced that acceptances for its off-market takeover bid for Golden West Resources Limited have now increased further to a total of 33.73% of the issued capital of Golden West.
In a move flagged two weeks ago in WA Business News' hard copy edition, Australia's resource industry has some new competition with the official launch of CITIC Pacific Mining, proponents of the $5.2 billion Sino Iron Project planned for Cape Preston.