News Articles

Mining 09 Jul 2019

Legend strikes deals with IGO and Creasy

Legend Mining has raised $9.8 million via a share subscription agreement with Independence Group, and signed joint venture agreements with IGO and Mark Creasy's Creasy Group at Fraser Range.

Appointments 09 May 2019

Appointments May 10, 2019

Our weekly appointments wrap includes Jen Ehlers, Peter Bradford, Karen O'Neill, John Nguyen, Chloe Lam, Harrison Moore, Jimmy Trpcevski and Luke Sizer.

Mining 20 Dec 2018

Tropicana underground to cost $95m

A pre-feasibility study released today by Peter Bradford-led Independence Group has confirmed the viability of an underground mine at the Tropicana gold project.

Mining 07 Dec 2018

IGO buys 15% stake in Buxton

Peter Bradford-led Independence Group has taken a $4 million stake in junior explorer Buxton Resources.

Mining 25 Oct 2018

Barminco wins $240m Nova extension

Barminco has secured a four-year contract extension for underground mining services at Independence Group's Nova operation in the Fraser Range.

Mining 23 Oct 2018

Zenith to add solar to Nova power station

Zenith Energy will incorporate a solar facility in its existing diesel power station at Independence Group's Nova operation in the Fraser Range, taking capacity to 26 megawatts.

Mining 29 Aug 2018

IGO banks $53m profit

Diversified miner Independence Group has reported a big jump in profit for the 2018 financial year, driven by the first 12 months of commercial production at its Nova operation.

Mining 10 Jul 2018

Regis hits production record in FY18

Regis Resources, Independence Group and Ramelius Resources have all provided production updates for their respective mining operations, while Millennium Minerals says it is on track to ramp-up its gold output by the end of 2018.

Mining 03 Jul 2018

Independence pays $21m to Creasy

Independence Group has agreed to pay $21 million in cash and shares to prospector Mark Creasy to acquire a 70 per cent stake in a series of tenements in the Fraser Range near its Nova nickel mine.

Mining 28 May 2018

Independence sells Jaguar for $73m

Independence Group has agreed to sell its Jaguar base metals operation near Leonora for $73.2 million to diversified investment company Washington H. Soul Pattinson and Company.

Mining 08 Sep 2017

Nova mine officially opens

Independence Group has officially opened its Nova nickel-copper mine in the Fraser Range, making it the company's fourth producing operation.

Deals 14 Jun 2017

Independence to sell copper project for $47m

Independence Group has announced plans to sell its Stockman copper-zinc project in Victoria for $47.2 million in cash and royalty payments, but will record a $20 million impairment on the project.

Mining 25 Jan 2017

Bumper quarter for local gold miners

Gold miners operating in Western Australia performed solidly in the three months to December, with Northern Star Resources, Independence Group and Evolution Mining all posting strong results.

Mining 14 Dec 2016

Diversification key for Independence

Holding an even exposure to base metals and gold will be the key to keeping Independence Group's performance consistent across the commodity cycle, according to managing director Peter Bradford, although the time was not yet right to be looking for new gold projects.

Mining 12 Dec 2016

Nickel dispatch begins at Nova

The first cargo of concentrate from Independence Group's Nova nickel mine has been dispatched to Kambalda, with the site's processing plant to reach nameplate production capacity of 1.5 million tonnes per annum in the middle of next year.

Deals 05 Oct 2016

Independence bids for Windward

Independence Group has put forward a $20.5 million bid for emerging nickel play Windward Resources, competing against a previous deal put forward by Michael Fotios's Eastern Goldfields.

Mining 31 Aug 2016

Independence dips into red with $59m loss

Diversified miner Independence Group has booked a $58.8 million net loss for the 2016 financial year, on the back of acquisition costs and lower commodity prices.

Deals 27 Jul 2016

Independence raises $280m

Gold and nickel miner Independence Group has announced a $280 million capital raising to bolster its balance sheet, making it the largest raising by a Western Australian company for 2016.

Mining 20 Jun 2016

EPA recommends Wingellina approval

Gold and base metals producer Metals X has been given an environmental tick for the Wingellina nickel project east of Warburton, although with prices close to their lowest level since the financial crisis a new development may be some way off yet.

Mining 09 May 2016

Digging deep for resources opportunities

SPECIAL REPORT: There's no doubt the boom has come to an end, but plenty of opportunities and projects remain in play.

Mining 21 Jan 2016

Independence cuts jobs, exploration

Gold and nickel miner Independence Group plans to make about 40 employees redundant after announcing it would cut exploration spending by $20 million in response to weak base metals prices.

Mining 21 Dec 2015

Beament takes gold in quality field

SPECIAL REPORT: One of the few positives in a tough year for business was the gold sector, and at the forefront was Northern Star Resources, under the leadership of Bill Beament.

Energy 07 Dec 2015

Mixed fortunes for local business leaders in pay stakes

SPECIAL REPORT: The 2015 CEO salary survey has some surprising names near the top of the list while some of the state's best chief executives are unexpectedly low down.

Mining 09 Sep 2015

Independence axes 28 Long jobs

Diversified miner Independence Group has slashed its workforce by 28 positions at its Long Operation in Kambalda, as it implements a number of cost-saving changes to its mining plan in response to the depressed nickel market.

Mining 24 Aug 2015

Profit boost for Independence

Higher gold sales and lower exploration spending have boosted diversified miner Independence Group's full-year net profit by 58 per cent to $77 million.

Deals 29 May 2015

Bradford talks up merger

An expanded Independence Group would hope to eventually enter the ASX100, chief executive Peter Bradford told a Western Australian Mining Club lunch yesterday.

Mining 18 Feb 2015

Independence profit surges on production

Gold and nickel producer Independence Group has posted a 264 per cent increase in profit for the six months to December, on the back of increased production from its Jaguar and Tropicana operations and at lower costs.