News Articles for Silver Lake Resources

Meeka Metals has slotted in the final piece of the approvals puzzle from the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS), allowing it to launch full-scale development of its Murchison gold project in Western Australia. With the green light now shining brightly, Meeka has quickly moved from planning to construction and is targeting its first gold pour by July next year.

Goldminer Red 5 has flagged a name change and directors' pay rise after its merger with Silver Lake Resources.

Meeka Metals has appointed top-gun mine site executive Matthew O'Hara to lead the construction phase for its 100 per cent-owned flagship Murchison gold project in Western Australia's Mid West region. The company has today confirmed that funding is imminent, site environmental permits have been secured and a bigger-than-planned ball mill will be delivered by September, bringing the project another step closer to production.

Two WA gold companies have had a notable win over the state's Valuer-General after the Supreme Court criticised the way in which mining leases have been valued.

Meeka Metals has secured mine dewatering and clearing permits to step closer to first gold at its Murchison project in Western Australia's Mid West region, with the company now expecting mining permits early in September. Management has drawn down on $1.34 million of a $2.2 million secured bridging loan facility to purchase the camp and associated infrastructure at the operation.

Our weekly appointments wrap includes Troy Kirkham, Jane Bennett, Gillon McLachlan, Luke Tonkin, Struan Richards and Cameron Henry.

Rising gold producer Red 5 has finalised changes to its board and management team, following its successful merger with Silver Lake Resources earlier this month.

The merger between mid-tier gold miners Silver Lake Resources and Red 5 is officially finalised, following news the scheme of arrangement between both companies is now legally effective.

Shareholders of Silver Lake Resources have given the green light for the goldminer’s proposed merger with fellow mid-tier company Red 5.

Gold producers Silver Lake Resources and Red 5 Resources have continued to deliver ahead of their likely merger in June, with both mid-tier companies performing strongly throughout the March 2024 quarter.

Bibra Lake-based contractor Mineral Mining Services has notched a $200 million contract with Silver Lake Resources at its gold asset in the Goldfields.

Revenue at goldminer Red 5 increased by 77 per cent in the first six months to December 31 2023 as the listed company moves closer towards its proposed merger with Silver Lake Resources.

Gold producer Silver Lake Resources recorded solid gains during the first half of the 2024 financial year, amid its planned merger with fellow mid-tier entity Red 5.

Mid-tier gold producers Silver Lake Resources and Red 5 have announced their intention to merge, with a combined entity to have a market cap of about $2.2 billion.

Meeka Metals has tabled a solid set of initial assays from shallow infill drilling at its Turnberry deposit within its flagship Murchison gold project in WA. Broad zones of oxide gold running up to an eye-catching 8.53g/t were unearthed from the first 19 holes, with assays expected soon from the remaining 32 holes, which are largely located around the periphery of the designed open pits.

Critical minerals company Terrain Minerals has unveiled high-grade gold hits of up to 6.22g/t from drilling at its 100 per cent-owned Smokebush project at Yalgoo, some 350km north of Perth in Western Australia. The high-grade assays were returned from recent reverse-circulation drilling at the company's new Lightning target – a highly-prospective area that runs parallel with its existing Monza prospect.

Silver Lake Resources has been fined $30,000 over an underground safety incident that occurred at its Daisy Milano gold operation near Kalgoorlie.

UPDATE: Silver Lake Resources has confirmed itself as the buyer of a substantial slice in Leonora gold miner Red 5, labelling the move as a 'strategic investment'.

Silver Lake Resources has recorded a record quarterly sales result with 83,540 ounces, driven by production from its Western Australian operations.

St Barbara's board has told shareholders there is no material improvement in Silver Lake Resources' latest proposal to buy Gwalia and can't see a realistic pathway that it could become superior.

Silver Lake Resources has made another move to buy St Barbara's Gwalia operations, although the companies seemingly differ on whether it constitutes a new proposal.

St Barbara chair Kerry Gleeson has lambasted Silver Lake for demanding what she has called ‘a disruptive and unrealistic two-week due diligence exercise'.

WA-based minerals explorer Terrain Minerals has uncovered a 600m-long induced polarisation anomaly at its Smokebush gold-lithium project in WA's Mid West. The company had already planned to start an RC campaign to search for gold and lithium at the project next month, but reviews of historic drilling has presented new targets – including the newly-discovered anomaly.

The board of takeover target St Barbara is now deliberating another offer from Silver Lake Resources after Genesis Minerals sweetened its transaction proposal last week.

Genesis Minerals has improved its proposal to buy St Barbara's Leonora assets as the takeover target squashes talks with Silver Lake Resources.

Silver Lake Resources has lobbed a revised proposal to merge with St Barbara saying it ‘stands ready' to progress due diligence and move to a binding offer.

Silver Lake Resources has reaffirmed its disappointment in St Barbara's alleged lack of engagement on a competing proposal, despite the target shutting down any hopes of a merger last week.

St Barbara has backed in its call to accept a $640 million offer from Genesis Minerals despite Silver Lake Resources claiming the target declined to engage on a competing proposal.

Surefire Resources is eyeing a rapid return to drilling at its promising Yidby Road gold prospect in WA with a drill rig locked in to start exploration later this month. 2500m of RC drilling is planned to follow up on the company's recent discoveries at Marshall and Fender and the campaign will step out to the north and the south on both gold mineralised structures.

Everest Metals Corporation has entered into a tenement sale agreement to wholly acquire two gold-prospective exploration leases southwest of Paynes Find in WA known as the Ninghan project. The asset takes in a 228 square kilometre ground position and is in an area with a host of operations in the one million-ounce club including Minjar Gold's namesake play and Kirkalocka Gold's nearby property.

Business News has tracked dramatic changes in the ranking of WA's largest goldminers over more than a decade.

National gold production was dragged down during the March quarter by poor weather conditions and pandemic restrictions throughout the sector.

Encounter Resources' gold spinout had a soft start to its first day of trading, with shares closing down 10 per cent on its offer price.

Western Australian companies Chalice Mining and Silver Lake Resources appointed females to their boards this month, ending all-male representation among the ASX 200.

A multi-billion-dollar merger has brought a change at the top of Business News' list of goldminers.

Shares in Silver Lake Resources have dropped 10 per cent today after the goldminer revealed the impact of labour shortages on its Mount Monger mine in WA.

Kairos Minerals has intercepted shallow gold zones with drilling at its Roe Hills project some 120km east of Kalgoorlie in Western Australia. Hits at the Caliburn prospect include 8m at 1.32 grams per tonne gold from just 32m, with a 4m interval going at 2.29 g/t gold. Infill drilling is now on the cards as Kairos looks to work Roe Hills toward a maiden resource estimate.

Silver Lake Resources has suspended operations at its Daisy complex near Kalgoorlie-Boulder after an employee working for contractor Macmahon Holdings passed away this morning.

Macmahon Holdings has secured a $220 million contract for work on Silver Lake Resources' Deflector gold-copper underground mine in WA.

Shares in WA's gold and iron ore miners have shot up as the value of both commodities rose to impressive highs overnight.