Catalyst Metals and Gorilla Gold Mines have posted increases to their West Australian gold resources — inventory they believe will buoy development through to 2026.
Seasoned mining executive Neil Biddle will return to ASX-listed minerals processor TNG as non-executive chair, nine years after leaving the company to join Pilbara Minerals.
The boards of St Barbara Ltd and its smaller peer Bardoc Gold Ltd have announced a $157 million buyout of Bardoc with St Barbara now set to acquire all the shares in Bardoc by way of a scheme of arrangement, at an almost 30 per cent premium to last Friday's closing share price. Bardoc's proposed Woodie Woodie manganese spinout would still proceed, according to the companies.
Shares in Fremantle-based junior Bardoc Gold enjoyed a 13 per cent rise after revealing a takeover proposal from gold producer St Barbara valuing the company at $157 million.
Bardoc Gold has nailed down a tranche of high-grade gold hits at depth that sit outside of the current underground resource at its Zoroastrian gold deposit near Kalgoorlie in Western Australia. Significant hits from recent drilling include a 7.22m section grading 3.45 grams per tonne gold from 214.9m downhole with a 0.2m super high-grade parcel grading a bonanza 166g/t gold, or over 5 ounces to the tonne.
Bardoc Gold is continuing to deliver significant shallow gold intercepts at its North Kanowna Star project near Kalgoorlie. Noteworthy drill results include 9 metres grading 2.45 grams per tonne gold from 61m, 1m going 18 g/t gold from 47m and 3m grading 5.63 g/t gold from 69m. North Kanowna Star is 29 kilometres southeast of Bardoc's 3 million ounce namesake project.
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Bardoc Gold's hopes of increasing the forecast mine life of its namesake multi-deposit gold project near Kalgoorlie in WA have been buoyed by recent encouraging extensional and infill drilling results. Best numbers from the latest diamond drill hits from gold-bearing lodes in the key Zoroastrian deposit area are 4.5m grading 3.53 g/t gold from 102m, 1m at 11.7 g/t from 466m and 6m at 2.44 g/t from 460m.
ASX-listed aspiring gold developer Bardoc Gold has revised its cash-flow optimisation strategy and brought forward development of its cornerstone Aphrodite deposit which will increase early profits and free cash flows from its proposed Bardoc gold mine in WA. The revised plan will increase the forecast gold production to 150,000 ounces of gold per year by year three of the initial five-year plan.
Bardoc Gold is crouched and ready to take that elusive leap from gold explorer to producer after the company locked in engineering group GR Engineering as preferred tenderer for the construction of a stand-alone gold processing plant at its namesake Bardoc project north of Kalgoorlie. The move follows hard on the heels of Bardoc initiating a “cash-flow optimisation” study on the multi-deposit gold project.
Aspiring producers Bardoc Gold and TNG have selected Perth-based companies GR Engineering and METS Engineering for work on projects in WA and the Northern Territory.
Bardoc Gold has pivoted towards front-loading gold production and cash flows into the first five years of its proposed Bardoc mining and processing operations in WA. The company says it has kicked off a cash-flow optimisation study that will run the ruler over increasing the projected annual gold production rate, margins and free cash flows across the first five years of Bardoc's forecast life of mine.
Bardoc Gold is striking promising returns on two fronts. The ASX-listed company is embarking on a major drilling program at its flagship Zoroastrian deposit north of Kalgoorlie-Boulder in a bid for a substantial expansion of its resource and it has been unearthing significant gold mineralisation in drilling at its North Kanowna Star project. The results are seen as important for the potential size of the reserve and mine life across Bardoc's operation.
Bardoc Gold continues to kick goals at its 1.7-million-ounce Aphrodite gold deposit in WA, with recent drilling returning a quiver of high-grade gold hits that sit outside the current ore reserve and pit design. Results come from the newly discovered Omega lode include 14 metres at 7.63 grams per tonne gold from 106m and 5m at 3.99 g/t gold from only 67m down-hole.
More shallow high-grade drill hits continue to highlight the resource extension potential at emerging WA gold developer Bardoc Gold's 1.7-million-ounce Aphrodite gold deposit north of Kalgoorlie that cornerstones the 3.07m ounce Bardoc project the company is moving towards a 2022 production start. The drilling underlines the latent prospectivity of Bardoc Gold's large land position in the middle of the prolific Kalgoorlie-Menzies area.
Bardoc Gold has released a cracking definitive feasibility study on its proposed Bardoc gold mining and processing operation approximately 40 kilometres north of Kalgoorlie. The company says the recent financial study shows the Bardoc gold mine spitting out an average of $113 million a year in free cash flows based on a total recovered gold target of 1.1 million ounces across an initial processing life of about eight years.
Bardoc Gold will use $24 million raised from a share placement to advance its namesake project in Western Australia, while Galena Mining, DevEx Resources and Matador Mining have also launched capital raisings.
Horizon Minerals has begun early stages of mining at its Boorara gold project, with first production expected in July, while explorer Bardoc Gold says a definitive feasibility study for its namesake project in Kalgoorlie is underway.
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Bardoc Gold will raise up to $11.3 million via a share placement and rights issue, while Ausgold will raise $1.8 million through a share placement, with both companies to put the funds towards their respective flagship projects.
Dreamscape Networks is pleased to announce that it has entered into a Binding Heads of Agreement to acquire 100% of Hong Kong based hosting and domain business PacHosting from privately held Pacifi
Junior gold explorers Spitfire Materials and Excelsior Gold, which own neighbouring projects north of Kalgoorlie, have agreed to a merger, with the new entity worth about $80 million.
Pilbara Minerals founder John Young has stepped down from the company's board, with Sally-Anne Layman set to become a non-executive director as the company closes in on first lithium production.
Emerging Goldfields explorer NTM Gold Limited (ASX: NTM) (“NTM” or “the Company”) is pleased to announce it has raised $1.5 million in a heavily oversubscribed placement of new shares.
Junior explorer Spitfire Materials has tapped investors for $5.3 million via a strongly supported share placement as the company ramps-up exploration work at its Western Australian gold project.
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