Gold focused-junior Brightstar Resources has announced the beginning of ore haulage from its Laverton project, with its first gold pour penciled in for March.
This week's Bulls N' Bears Runner of the Week is … Alto Metals, after it revealed high-grade gold rock chips – and then also confirmed a takeover bid by Brightstar Resources. There is obviously a fair bit to unpack there, but we will do just that and also look at other companies that ran hard this week, including African Gold, Appen and Atomos.
Our board moves wrap includes JingBin Wang, Brent Cook, Jamie Myers, Tianjiao Wang, Mark Major, Marty Helean, Loren King, Sophie Raven, Andrew Barclay, Rebecca Broughton, Stephen Biggins, and Justin Boylson.
Our board moves wrap includes Mark Connelly, Richard Monti, Terry Wheeler, Graham Arvidson, Samantha Hogg, Peter Bradford, Matt Dusci, Rob Velletri, John Rubino, Zoran Bebic, and Peter Dempsey.
The Resources Round-up conference for ASX-listed explorers is rolling into the streets of Sydney and shaping as the largest conference on the east coast in the event's 18-year history. Ticket sales for the three-day extravaganza that kicks off on May 3rd have been reported as 'huge' with 1500 registered delegates and more than 100 exhibition stands set to showcase the latest from the resources industry.
Having just received the keys to its Sandstone project in Western Australia, gold developer Aurumin Limited is gearing up to begin systematically exploring with an initial round of auger drilling. The vehicle-mounted program, due to kick off next week, is designed to build on five near-mill targets handed over from the previous owner – plus test a further 36 targets generated by the company.
Alto Metals has delivered another stellar step-out drill hit at its Vanguard gold prospect in WA's Sandstone district with shallow visible gold less than 40m from surface assaying 60.6 grams per tonne over 4m. The high-grade intercept increases the extent of known mineralisation along the Vanguard and Vanguard North Trends to 2km.
The directors of Alto Metals have recommended shareholders vote against a takeover bid from Habrok Mining, saying the offer was opportunistic and undervalued the company.
Our daily board moves wrap includes Richard Monti, Terry Wheeler, Carl Popal, Rodney Dale, Nicole Hollows, Joel Nicholls, Arthur Palm, Mark Twycross, David Williams, Shannon Coates, and David Bell.
Junior gold explorer Alto Metals has received an off-market takeover bid from Chinese-owned Goldsea Australia Mining in an all-cash deal worth $20.7 million.
Middle Island Resources says a defeating condition of a takeover offer made for fellow Western Australian gold junior Alto Metals has been triggered, after alleging shortfall shares were issued contrary to the terms of a prospectus.
Calidus Resources is pleased to advise that it has successfully completed the 100% acquisition of the strategic tenement EL45/4555 with Epminex WA Pty Ltd covering an area of 19.2 square kilometres
Terry Streeter-chaired Moho Resources is set to list on the ASX tomorrow, while the experienced mining executive has also been appointed to the board of Chile-focused explorer Emu.
Four Perth-based mining companies have today announced plans to raise capital, with Doray Minerals leading the change with confirmation of a $24.9 million placement.
There has been a small burst of activity in the flagging new floats sector, with three Western Australian firms completing initial public offers this week, raising more than $25 million collectivel
