Odyssey Energy and Trek Metals have today announced several major executive and board appointments as they shift their attention to Western Australian gold projects.
Azure Minerals will gain interests in four Western Australian gold assets from Creasy Group, with initial exploration to be funded by a $4 million capital raising.
Mining companies are scaling back their operations, with Newmont Corporation and Kirkland Lake Gold cutting exploration in Australia and others including Rio Tinto shelving some of their international mines.
Our daily board moves wrap includes Hansjoerg Plaggemars, Peter Wallace, Jon Sutton, Don Koch, Stewart Howe, Jonathan Downes, Stephen Woodham, Scott Mison, Vincent Goss, and Rohan Dalziell.
Cardinal Resources has raised $17.6 million through the exercise of listed options, while Black Cat Syndicate and Azure Minerals were also in the market for equity.
Norwood Systems has closed its partially underwritten one-for-four entitlement offer, raising $1 million. Valid applications were made for $289,786 of shares, at 0.3 cents a share.
Subiaco-based RTG Mining has raised $US34 million as the company aims to secure an interest in the old Panguna copper-gold project in Bougainville, while Azure Minerals also announced a capital raising worth $8.2 million.
Shares in Azure Minerals have risen more than 20 per cent after the miner announced high-grade gold and cobalt discoveries at its Sara Alicia project in Mexico.
ANALYSIS: It has been a high-profile week for extremely private explorer Mark Creasy, with two major pieces of news that appear likely to add to his already significant wealth.
Junior miners Azure Minerals, Cazaly Resources, Antipa Minerals and First Graphite have raised a combined $25.1 million to fund ongoing work at their respective projects.
SPECIAL REPORT: For the second year running, the value of shares held by company directors in WA has fallen sharply, though some operators defied the trend.
Corporate and financial communication firms, Citadel PR and Magnus Investor Relations, have entered into an agreement to combine their businesses to form a significant independent national player.
West Perth explorer Azure Minerals has raised $2.1 million through a share placement as it looks to undertake further drilling at its Cascada and Promontorio projects in Mexico.
Mexico-focused exploration firm Azure Minerals has secured $2.35 million from investors to finance drilling activities at its Cascada copper-gold-silver project .
Base metals miner Azure Minerals' stocks have spiked after it announced the signing a $13 million farm-in and joint venture agreement with a state-owned Japanese corporation for its El Tocolote copper project in Mexico.
West Perth-based Azure Minerals has completed an initial evaluation of its Promontorio copper-gold-silver project in Mexico which has an estimated capital cost of $US27.3 million ($A35 million).
Azure Minerals has raised just over $1 million through a renounceable rights issue with shareholders subscribing to around one-third of shares on offer.
West Perth-based Azure Minerals has entered into a $4.6 million joint venture with Japanese government entity, JOGMEC, over two of its Mexican projects.
Mexican focused precious and base metals explorer, Azure Minerals Ltd, plans to raise $1 million, by placing 8.3 million ordinary shares with sophisticated and institutional investors at 12 cents per share.
West Perth-based Azure Minerals Ltd says it has decided to postpone its planned listing on the Canadian stock market due to the current difficult investment climate.
West Perth-based metals explorer Azure Minerals Ltd has applied for a mining concession covering an extensive area of surface mineralisation in Sonora, Mexico.
West Perth-based metals explorer Azure Minerals Ltd has formally applied for the listing of its ordinary shares on the Toronto Stock Exchange's Venture Exchange, the company has announced.
West Perth-based metals explorer Azure Minerals Ltd will sell its Splinter Magnetite project to Sydney-based Icon Resources Ltd for $2 million, in line with its plans to focus on its Mexican assets, the company has announced.
West Perth-based metals explorer Azure Minerals Ltd has announced plans to list on the Toronto Stock Exchange, as well as offering shares to Canadian investors, the company has announced.
West Perth-based metals explorer Azure Minerals Ltd has applied for a 258 sqkm mining concession with potential for zinc, copper, molybdenum and uranium mineralisation in the state of Chihuahua, Mexico, the company has announced.
West Perth-based metals explorer Azure Minerals Ltd has acquired three potential gold, silver and base metal projects in northern Mexico, which it aims to continue to explore, the company announced today.
West Perth-based metals explorer Azure Minerals Ltd has raised $1.2 million through a placement to investors, raising money for the expansion of its Mexican resources projects.
