News Articles for Echo Resources

Leadership shake-up at Perth mining juniors

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Two junior miners linked to contract mining veteran Brian Rodan have announced leadership changes today.

Investors balk at juniors risk

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SPECIAL REPORT: Capital for the junior mining sector is drying up amid growing concern the traditional business model for small explorers is broken.

Panoramic appoints new MD

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Nickel miner Panoramic Resources has announced Victor Rajasooriar will commence as its new managing director and chief executive on November 11.

Board Moves October 16, 2019

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Our daily board moves wrap includes Uwe Henke Von Parpart, David Welch, Alistair Cowden, Mark Hanlon, Anthony McIntosh, Victor Rajasooriar, Richard Hill, Ryan Gurner, Sarah Curnow, Kate Stoney, John Zimmerman, Mark Calderwood, Paul Kitto, and Daniel Noonan.

Northern Star takes control of Echo

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Northern Star Resources has surpassed a 50 per cent stake in takeover target Echo Resources, and has moved swiftly to change the board of the gold junior.

Busy quarter for private, public deals

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SPECIAL REPORT: The September quarter update to the BNiQ deals database shows that UBS, Sternship Advisors and Azure Capital have been the most active corporate advisers in the Western Australian market.

Gold stars prepare for pit fight

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Northern Star Resources and Evolution Mining have emerged as the main contenders to acquire Barrick Gold's share in the historic Kalgoorlie Super Pit.

Northern Star to buy Echo, pins strong FY20 on Pogo

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Northern Star Resources has announced a $193 million takeover offer to acquire Echo Resources, less than an hour after executive chairman Bill Beament said the company was exploring a range of growth options to take advantage of the high gold price.

Board Moves August 1, 2019

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Our daily board moves wrap includes Scott Reid, Brian Thomas, Alistair Cowden, Barry Bolitho, Robin Dean, Victoria Allinson, Dougal Ferguson, and Craig Nelmes.

Echo Resources raises $15m

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Echo Resources has completed a $15 million share placement to fund its exploration strategy at the Yandal gold project.

Corporate finance deals Jan 21 to Jan 25 2019

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Sacgasco has executed an Agreement with Raven Energy and its Bombora subsidiaries to acquire various working interests in the Alvares, Dempsey and Dempsey Trend Projects in the Sacramento Basin.

Echo appoints Maca, raises $6.5m

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Echo Resources has signed a letter of intent to award two mining contracts to MACA for its Yandal gold project near Leinster, while also announcing a $6.5 million capital raising backed by major shareholder Northern Star Resources.

Board Moves November 22, 2018

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Terry Grose has retired as non-executive director of Arafura Resources, having served on the board since 2013.

Echo appoints Rajasooriar as CEO

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Junior gold miner Echo Resources has appointed former Eastern Goldfields chief executive Victor Rajasooriar as its new leader, effective today, after former chief executive Simon Coxhell resigned in October.

Empire makes board changes

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Empire Resources has appointed major shareholder Michael Ruane as its chairman, one month after he sought a board spill at the gold miner.

Board Moves October 2, 2018

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George Ventouras has resigned as non-executive director of Apollo Consolidated, having served on the board since 2009. He will be involved with the company in an executive consulting capacity.

Juniors get down to business

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SPECIAL REPORT: Several junior gold-focused companies in WA are vying to mature from exploration to production.

Ruane calls for Empire board spill

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Perth mining executive Michael Ruane is seeking a board spill at Empire Resources, less than two months after the gold miner was forced to restructure its board due to a push from a separate group of dissident shareholders.

Echo releases Yandal study

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Echo Resources has released a bankable feasibility study for its Yandal gold project in Western Australia, with the company forecasting a $39.3 million capital expenditure for the mine.

Gold juniors raise $22m

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Local gold explorers Echo Resources and Kairos Minerals have raised a combined $22 million from investors to fund ongoing work at their respective projects in Western Australia.

Top End’s long road to Myanmar

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Local exploration company Top End Minerals, with the backing of prominent prospector Mark Creasy, has received shareholder approval to raise funds for the purchase of a zinc project in Myanmar and repay its creditors, as it deals with a number of issues left unresolved by its previous board.

Echo to raise $5m for gold project

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Gold explorer Echo Resources has tapped investors for $5 million to fund ongoing development of its Yandal project near Wiluna.

Echo, Metaliko confirm $39m merger

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Investors have reacted well to news that gold-focused companies Echo Resources and Metaliko Resources will merge in a deal worth $38.9 million.

Metaliko and Echo in tie-up

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Echo Resources and Metaliko Resources are expected to announce a tie-up this week, after the two ASX-listed companies with assets in the eastern Goldfields region announced trading halts today.

Echo, Empire progress gold projects

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Echo Resources says it will cost just $2.9 million to bring its Julius gold project into production, while Empire Resources expects to begin mining at its Penny's Find gold project in the coming three months.

Board Moves May 27-30 2016

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Keith John has been appointed as a non-executive director of Goldfields Money.

Echo raises funds for gold project

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Local gold explorer Echo Resources has received firm commitments for a $3.23 million capital raising to fund ongoing work at its Julius project in the Goldfields.

Board Moves - Feb 5-8 2016

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Aleator Energy has appointed Brydie McKee as its chief executive officer and Angus Parker as chief technology officer.

Ruane fights for control of Echo

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The directors of Perth-based gold explorer Echo Resources have come out swinging after dissident shareholder Michael Ruane forced the company to convene a general meeting, where he will seek a board spill.

Echo Resources Ltd - 27/03/2007

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Advises that 250,000 fully paid ordinary shares will be released from escrow on 30 March.

Echo Resources IPO closes early on back of strong demand

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Australian exploration company Echo Resources Ltd has closed its initial public offer early due to strong demand.