News Articles for Milan Jerkovic

The corporate watchdog has launched civil legal action against under-administration gold play Wiluna Mining and its former chairman over “misleading claims to investors” on its last-ditch capital raise.

ASX-listed Cyprium Metals has announced a series of appointments to its senior management team.

Administrators of Wiluna Mining Corporation have estimated the collapsed gold play owes $43.8 million to unsecured creditors, a court judgment shows.

Gold play Wiluna Mining has appointed administrators after months of growing pressure.

Our board moves wrap includes Milan Jerkovic, Rowan Johnston, Michael Monaghan, and Robert Ryan.

Wiluna boss Milan Jerkovic has resigned after four years at the helm, just weeks after a capital raising to counteract unforeseen delays at the miner's namesake gold project.

West Perth-based Wiluna Mining is offering shares at more than a 40 per cent discount to raise a minimum $50 million to bring its namesake gold project up to speed.

GR Engineering Services has secured works on Wiluna Mining Corporation's namesake gold operations in Western Australia, under a $25.7 million contract.

Copper and tin producer Metals X has launched a $32.7 million capital raising to turn around its struggling Nifty copper operation, less than three weeks after it refreshed its board at the behest of its largest shareholder.

Our daily board moves wrap includes Mark Hancock, Kenneth Keogh, Michael Rennie, Geoffrey Morgan, Milan Jerkovic, Emmanuel Correia, Charis Law, David Riekie, Steve Formica, and Sara Kelly.

MACA will provide a $12 million working capital facility for an expansion of Blackham Resources' Matilda-Wiluna operation.

Ian Clyne has been appointed non-executive chair of Geopacific Resources, following the retirement of Milan Jerkovic after 5 years in the role.

Milan Jerkovic has resigned as non-executive chairman of Geopacific Resources after five years in the role, and he will be replaced by Ian Clyne.

Our daily board moves wrap includes Gary Powell, Allan Kelly, Bryan Dixon, Milan Jerkovic, Richard Boffey, Guy Simpson, Flemming Bjoernslev, Toby Chandler, Philippa Leggat, Anthony Cooper, David Deak, Craig Hall, Michael Fotios, Michael Spreadborough, Greg Foulis, Alan Still, Alex Passmore, John Richards, and Paul Dalgleish.

Struggling gold miner Blackham Resources has announced Bryan Dixon has resigned and stepped down from the board today following a “challenging period”.

Geopacific Resources has raised $4.3 million via a share placement, with the funds set to advance due diligence in relation to the financing of its $198.5 million Woodlark gold project.

Blackham Resources has announced a fully underwritten renounceable entitlements issue to raise $25.8 million, of which $10 million will be used to pay debts owing to contractor MACA and The Lind Partners.

Geopacific Resources has detailed a capital expenditure of $198.5 million for its Woodlark gold project and is set to commence in early 2020.

Northern Star Resources has reported above-guidance gold production for the year to June, with plans to expand output beyond 600,000 ounces in 2019, while Blackham Resources posted improved results for the half year to June.

Gold miner Blackham Resources has completed a $36 million entitlement issue with help from underwriters, as the company seeks to cut debt.

Blackham Resources has signed up Hartleys as lead manager for a $36 million capital raising that will be priced at just 4 cents per share, while mining contractor MACA has agreed to lend $14 millio

Struggling gold producer Blackham Resources has released positive production results for December after being given a two-week reprieve on a $14 million debt repayment earlier this week.

Mining veteran Milan Jerkovic is taking the reins at embattled gold producer Blackham Resources, which has negotiated a standstill agreement on a $14 million debt repayment due this week and plans to ask shareholders to contribute $36 million of new capital.

Premiere Eastern Energy has appointed Wayne Reid OBE as non-executive deputy chair. He replaces David Wheeler who has resigned from the role.

SPECIAL REPORT: A record high Australian dollar price in June has provided a tailwind for the state's gold sector, and 2017 is looking to be a similarly positive year.

Perth company Metals X has made a surprise takeover offer for embattled copper miner Aditya Birla Minerals, in a bid which values the target at about $86 million.

Gold and Copper exploration company Geopacific Resources has achieved a $5 million share placement primarily to fund activities in Cambodia.

Geopacific Resources has announced a $6.6 million funding package it will use to ramp up its copper and gold exploration efforts in Cambodia and Fiji.

Milan Jerkovic has been appointed as a non-executive director of Geopacific Resources.

Straits Resources has bolstered its management team, appointing former Norton Gold Fields executives Andre Labuschagne and Robert Brainsbury as chief executive and chief financial officer.

THREE trends stand out when the salary packages of newly appointed chief executives at Western Australian companies are examined.First,the bigger the company the higher the salary.

Straits Resources is reviewing the viability of two if its copper mines, including the Whim Creek copper mine in WA, after a dramatic drop in the world copper price.

West Perth-based miner Straits Resources Ltd has reported a $39.6 million net profit, down 21 per cent from the record levels achieved in 2005, with earnings impacted by higher operating costs at the company's copper and gold operations.

Successful diversified Perth-based miner Straits Resources Ltd is planning to spin-off 40 per cent of its major asset into a new, initially energy-based clone in Singapore later this year.