Local explorer Dacian Gold has kicked off a $25 million capital raising to fund ongoing work at its Mt Morgans project near Laverton, where it hopes to start construction in 2017.
Dacian Gold's share price hit a three-year high today after the explorer said the scoping study for its Mt Morgans mine project showed it would be "an outstanding WA gold project at every level".
Dacian Gold non-executive chairman Rohan Williams has moved into an executive role, following the resignation of managing director Paul Payne.
Shares in Bauxite Resources jumped on the ASX today after the Perth-based miner announced the appointment of former Sundance Resources executive Peter Canterbury as chief executive.
Perth-based explorers Windward Resources and Auroch Resources have dipped their toes into a tough IPO market, raising a combined $5 million through initial public offerings that closed today.
Signs of life are starting to emerge in the sputtering initial public offerings market, with three Western Australian explorers advancing plans to list on the Australian Securities Exchange this week
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