Alliance Mineral Assets has raised $32.5 million via two share placements, including with Galaxy Resources, with the funds set to primarily go towards upgrades at the processing facilities at its Bald Hill lithium and tantalum mine.
Pantoro is set to acquire a 50 per cent stake in the Central Norseman gold project from Norseman Gold in a cash and scrip deal worth $45 million, and will raise $43 million via a share placement to fund the transaction.
Three juniors in the resources sector, including Breaker Resources and Saturn Metals, have raised $12.1 million via share placements, with the funds set to go towards each of their exploratory drilling programs.
WA BUDGET: WA Treasury has revised its forecasting methodology for iron ore prices to assume that prices fall away quickly from the current inflated levels, which have provided a large boost to government coffers.
Gina Rinehart's Hancock Prospecting appears to have emerged victorious in its $644 million bid to acquire metallurgical coal hopeful Riversdale Resources, after Resource Capital Funds accepted the deal.
Fenix Resources has formed a strategic alliance with trucking and logistics company Mineheaul, to be led by Craig Mitchell, which the mining company said is a significant step towards the development of its Iron Ridge project.