Our daily board moves wrap includes Geraint Harris, Alexander Burns, Kevin Tomlinson, Ray Shorrocks, Justine Campbell, Keith Bakker, David Rich, Peter Torre, Richard Hyde, Lyndon Hopkins, Rodney Leonard, Nigel Spicer, Mark Connelly, Ian Kerr, Luke Holden, Stuart Cruickshanks, and Todd Giltay.
Ausdrill subsidiary African Mining Services has been selected as preferred open-pit mining contractor for West African Resources' Sanbrado gold project in Burkina Faso.
Three local exploration companies have tapped investors for up to $60 million, led by a $48.2 million capital raising from West African Resources for its Sanbrado gold project in Burkina Faso.
West African Resources has awarded a five-year, $152 million underground mining contract to fellow Perth-based miner Byrnecut at its Sanbrado gold project in Burkina Faso.
Lycopodium has secured an engineering contract with Scarborough-based West African Resources for its Sanbrado gold project in Burkina Faso, which has commenced early works.
Scarborough-based West African Resources has tapped investors for $35 million via a capital raising to progress its Sanbrado gold project in Burkina Faso.
Mark Connelly-led Tao Commodities is set to commence trading on the ASX on Monday, after the junior explorer raised $4.7 million via an initial public offering.
Scarborough-based West African Resources has tapped investors for a $21 million capital raising to pay off debt and fund ongoing development of its Tanlouka gold project.
The gold sector has continued to be positive for investors and stockbrokers, with a $12.5 million capital raising announced today by West African Resources adding to more than $150 million worth of deals launched by Western Australian companies this year.
Formerly Perth-based IMX Resources has announced a significant graphite deposit at its Nachingwea property in Tanzania, with a graphitic unit up to 500 metres wide and more than 10 kilometres long.
West African Resources has raised $3 million to fast-track the development of a processing plant and exploration at its Moktedu gold project in Burkina Faso.
THE level of exploration activity being undertaken by junior miners in Africa is increasing, with Burkina Faso in particular coming more into focus as a promising gold producer.
Subiaco-based Balkans Gold Ltd will undergo a name change as it expands its geographical reach to Africa following an agreement to acquire West African Resources Ltd for $1.5 million.
