News Articles for Summit Resources

Sipa MD retires, joins Regis

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Sipa Resources managing director Lynda Burnett has announced her resignation, after serving more than five years in the role, and will join the board at Regis Resources as an independent non-executive director.

Paladin makes full takeover bid for Summit

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Paladin Energy has announced plans to move to full ownership of fellow Perth-based uranium company Summit Resources, in a scrip deal worth around $7.8 million.

Board Moves January 10-18, 2018

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Dr XiaoLing Liu has been appointed independent non-executive director of South32.

Iluka focuses on growth opportunities

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Perth-based mineral sands producer Iluka Resources has created a new senior executive role to focus on two growth opportunities involving new technology in the UK and Brazil.

Rule for Sundance

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Sundance Resources has appointed Alan Rule as chief financial officer, from July 1.

WA stock index higher in October

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A fourth consecutive month of growth in the market capitalisation of Western Australia's top 100 listed companies is a sign of renewed business confidence within the WA economy, according to market analysts.

Summit plans $8m rights issue

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Subiaco-based Summit Resources is planning an $8 million rights issue to fund commitments under its Isa uranium joint venture with Paladin Energy and to settle a legal action with Areva.

Summit's $4.5m settlement with Areva

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Subiaco-based Summit Resources will pay French nuclear company Areva $4.5 million to settle legal action over the uranium marketing rights to the Valhalla/Skal deposit in Mt Isa.

Summit in $3.5m Queensland JV

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Subiaco-based Summit Resources Ltd has entered into a joint venture with MM Mining Pty Ltd to explore certain areas within Summit's Isa North tenements in Queensland.

Summit seeks $10m

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SUBIACO-based Summit Resources Ltd plans to raise over $10 million through a rights issue which will be fully sub-underwritten by its two largest shareholders, Paladin Energy Ltd and Areva NC Australi

Summit seeks $10m

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SUBIACO-based Summit Resources Ltd plans to raise over $10 million through a rights issue which will be fully sub-underwritten by its two largest shareholders, Paladin Energy Ltd and Areva NC Australi

Summit Resources plans $10m raising

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Subiaco-based Summit Resources Ltd plans to raise over $10 million through a rights issue which will be fully sub-underwritten by its two largest shareholders, Paladin Energy Ltd and Areva NC Australia Pty Ltd.

Summit offloads QLD tenements

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Subiaco-based Summit Resources Ltd has entered into an agreement with unlisted UK company MM Mining Plc for the farm out of 80 per cent of Summit's interest in a number of tenements in North-West Queensland.

Miners post top shareholder gains

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High flying mining stocks have topped our survey of shareholder returns, notwithstanding the recent stockmarket volatility.

Areva challenges Summit-Paladin truce

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The Australian subsidiary of French nuclear giant Areva NC will seek to intervene in legal action brought by Summit Resources Ltd against Subiaco-based Paladin Resources Ltd, which the companies announced they would drop on Friday.

Summit drops Mt Isa Uranium court action against Paladin

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The almost-completed takeover of Summit Resources Ltd by Subiaco-based Paladin Resources Ltd was sweetened today by the settlement of legal action between the two companies.

Newland rejects Summit accusations, calls for project info

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Perth-based uranium company Newland Resources Ltd has rejected allegations by Subiaco-based Summit Resources Ltd that it knowingly breached duties to it by signing a deal with former Summit chair Alan

Newland rejects Summit accusations, calls for project info

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Perth-based uranium company Newland Resources Ltd has rejected allegations by Subiaco-based Summit Resources Ltd that it knowingly breached duties to it by signing a deal with former Summit chair Alan Eggers.

Summit mounts legal case against Newland, Alan Eggers

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Subiaco-based Summit Resources Ltd has mounted legal action against its former managing director, Alan Eggers, and Newland Resources Ltd over a joint venture agreement signed between the two companies.

Summit accepts higher Paladin offer

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Uncertainty about the future of uranium mining in Queensland and recent hedge fund acquisitions of its shares have convinced Perth-based Summit Resources Ltd to accept a takeover offer from Subiaco-based Paladin Resources Ltd.

Finding value behind the millions

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The mining and property booms have created unprecedented wealth in Western Australia. WA Business News looks at the individuals leading the charge.

Paladin says Summit's rejection rationale flawed

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Subiaco-based Paladin Resources Ltd has hit back at criticism of its $1 billion hostile offer from target Summit Resources Ltd, saying Summit's reasons for rejecting the bid are flawed.

Summit-Paladin takeover battle escalates

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The ghosts of takeovers past have returned to haunt Subiaco-based Paladin Resources Ltd's takeover bid for Perth-based Summit Resources Ltd, with Paladin today asserting the bid was not motivated by a current legal dispute between the two companies.

Summit commences legal action over Valhalla takeover

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West Perth-based Summit Resources Ltd has officially commenced legal action against Resolute Mining Ltd and Valhalla Uranium Ltd over the alleged disclosure of confidential JV information to Valhalla takeover suitor Paladin Resources Ltd.

Summit Resources Ltd

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Summit Resources Ltd 02-Sep-05 Alan J Eggers became a substantial shareholder with a relevant interest of 10,867,500 ordinary shares (5.78%).

Summit Resources Ltd

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Summit Resources Ltd 11-Aug-05 Firebird Global Masterfund Ltd changed its relevant interest from 15,250,000 ordinary shares (10.16%) to 18,000,000 ordinary shares (9.76%).

Summit Resources Ltd

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Summit Resources Ltd 16-Aug-05 Is to make a pacement issue of 3,000,000 ordinary fully paid shares at an issue price of A$0.70 per share.

Summit Resources Ltd

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Summit Resources Ltd 15-Aug-05 Lodged response to ASX query

Summit Resources Limited

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Summit Resources Limited has appointed Karen Brown as company secretary.