Critical minerals miner IGO has taken up a majority stake in a copper project in northern Western Australia after pouring $15 million into exploration.
Mineral exploration company Encounter Resources plans to raise $18 million to accelerate activities at its copper and rare earth element interests in both WA and Northern Territory.
Shares in Encounter Resources close trade on Monday up 80 per cent to 62 cents, following positive initial aircore drilling results at its Aileron project.
Encounter Resources has announced it will raise $10.5 million in a bid to enhance drilling activities at its Aileron project, in Western Australia's West Arunta region.
Mineral exploration company Encounter Resources has tapped investors for $10 million to advance exploration activities at its West Australian and Northern Territory projects.
BHP could invest up to $25 million to secure a majority stake in Encounter Resources' developing Elliott copper project after the junior upped its tenure in the area.
BHP could spend up to $22 million exploring Encounter Resources' Elliott copper project in the Northern Territory, having finalised a joint venture arrangement.
Perth-based Encounter Resources, Predictive Discovery and Trek Metals have each launched capital raisings, with the proceeds to go towards gold projects in Australia and Guinea.
Encounter Resources has formed a joint venture with mining giant BHP, which will spend up to $22 million to explore the Elliott copper project in the Northern Territory.
Encounter Resources announced today that mid-tier miner IGO plans to build on their existing partnership by entering a farm-in and joint venture deal in the Paterson Province in the Pilbara.
Two local junior explorers have announced capital raisings, with Arafura Resources to launch a $3 million share purchase plan and Encounter Resources receiving a $1.8 million investment from Peter Bradford-led Independence Group.
Local explorers Encounter Resources, Horseshoe Metals and RNI have announced plans to raise a combined $9.8 million to fund ongoing work at their respective projects.
