Goldminer Troy Resources has secured exploration funding for its South American project, with the Perth-based company targeting a maiden ore reserve this year.
Russia’s Nordgold is not backing down in a takeover battle for Cardinal Resources, despite the Perth-based gold play in favour of a matching offer from Shandong Gold.
Perth-based Encounter Resources, Predictive Discovery and Trek Metals have each launched capital raisings, with the proceeds to go towards gold projects in Australia and Guinea.
Russian mining giant Nordgold alleges its takeover target Cardinal Resources has acted deceptively towards shareholders, with the matter escalated to the Takeovers Panel.
Mineral Resources has surprised the market by purchasing an iron ore project from Australian Aboriginal Mining Corporation, and also bought into a legal fight with Fortescue Metals Group.
Gascoyne Resources has relisted on the ASX, following a $125 million recapitalisation that helped the embattled goldminer repay its creditors and continue mining operations.