News Articles for Alkane Resources

Alkane Resources has completed its $1 billion merger with Canada's Mandalay Resources, creating a dual-listed gold-antimony producer with operations in three countries.

UPDATE: Kinterra Capital has lobbed a $200 million takeover bid for New World Resources.

West Perth-based Alkane Resources has filed documents to merge with Canada-based Mandalay Resources Corporation, with the market cap of the combined entity valued around $1 billion.

In tough recent times for many junior mining companies on the ASX, luring a financially-powerful “big dog” onto the share register to provide some much-needed muscle has become a common boardroom pursuit. Bulls N' Bears takes look at some of those companies which have received both a timely cash injection and a share price boost up to recent highs.

In the first of Bulls N' Bears' new weekly series, “Doug Bright's Greatest Hits”, our senior analyst gets the dirt under his well-worn fingernails to pull apart some of last week's most intriguing ASX finds. The column will run the rule each week over a range of commodities, geological successes, oddities and matters of processing and metallurgical interest.

Mining services contractor Macmahon Holdings will invest more than $10 million in Calidus Resources' plan to raise $38.5 million to expand its gold project in the Pilbara.

Fresh assays from phase two diamond drilling at Godolphin Resources and joint venture partner Orange Minerals' Calarie gold project in New South Wales have validated a suite of compelling hits from a historical probe. The feature strike from the five-hole, 1170m program was a 2.4m intersection at 15.69 grams per tonne gold from 45m, inside of a larger 10.6 section grading 5.63 g/t from 39m.

Calidus Resources has raised $20 million from institutional investors to bankroll further lithium and gold exploration pursuits.

Five years ago Calidus Resources pulled off what many thought was an impossible task – the bringing together of multiple disparate parties who owned gold leases in the Pilbara within cooee of each other. Since then, Calidus has exquisitely executed a strategy of drilling out those leases, pulling together a resource and a reserve and this week, the company managed to achieve what many others could not – a maiden gold pour.

Raleigh Finlayson is set to lead Genesis Minerals after agreeing to invest $7 million in the local gold explorer, as part of a broader raising backed by Nev Power and Michael Bowen.

Things are starting to get interesting for Impact Minerals in its copper-gold porphyry hunt in NSW. An ongoing drilling campaign at the Apsley prospect has identified characteristics similar to Alkane Resources' revered Boda discovery that hit a 1,167m mineralised drill intersection grading 0.55 g/t gold and 0.25 per cent copper. First assays out of Apsley are anticipated in three weeks.

Things are heating up for ASX-listed explorer, Impact Minerals across two projects in New South Wales. Government approvals have now been received for a highly-anticipated drilling campaign at the company's 100 per cent owned copper-gold Apsley prospect in the Lachlan Fold Belt. The results from final assays at the Broken Hill Project are also being assessed for follow-up drilling.

Investors are already factoring in the opportunities a COVID-19 vaccine will deliver.

Genesis Minerals has bolstered its Ulysses gold project with the acquisition of the nearby Kookynie project for $13.5 million, enhancing its prospects of joining the ranks of mid-tier gold producers.

Alkane Resources has appointed current chief financial officer James Carter as joint company secretary.

Perth-based Castile Resources and Kaiser Reef are set to raise up to $25 million ahead of stock market listings next month, despite tough market conditions affecting a number of ASX aspirants.

Alkane Resources has received commitments to raise $20 million through a share placement, and up to $34.8 million through a 1-for-8 rights issue, to accelerate exploration and development programs in the Tomingley gold corridor in New South Wales.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Liontown Resources, Genesis Minerals, Peak Resources, and Marindi Metals have all made capital raising announcements today as they seek to advance exploration projects.

Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.

Explaurum has asked shareholders to accept an $8 million placement from Alkane Resources on the same day a report from independent expert BDO said a hostile takeover bid from Ramelius Resources undervalued the gold explorer.

88 Energy advises that the Non-Renounceable Rights Issue announced to the ASX on 3rd October 2018, closed on the 26th October 2018.

Alkane Resources is set to take an $8 million stake in takeover target Explaurum via a share placement that breaches the conditions of Ramelius Resources' hostile bid.

Burswood-based Alkane Resources has invested $3.7 million in gold explorer Calidus Resources, with the proceeds to fund completion of a pre-feasiblity study at the Warrawoona project in the Pilbara.

Paul Thomson has signed a new service agreement with A-CAP Resources and will transition from his current role of managing director to chief executive.

Perth-based Alkane Resources has announced plans to raise up to $16 million from investors to progress its Dubbo zirconia project in New South Wales.

Aspiring mineral sands miner Sheffield Resources has appointed engineering group Hatch to undertake a bankable feasibility study on its Thunderbird project near Derby.

SPECIAL REPORT: The potential for mass production of electric cars is among a number of high-technology trends sparking interest in Western Australia's lithium sector, with a series of companies touting projects to meet a forecast surge in demand.

Alkane Resources has hired Finnish technology services supplier Outotec to provide early contractor involvement work at its Dubbo zirconia project in New South Wales.

Western Australia has an opportunity to break the Chinese stranglehold on the rare earths industry, but the state needs a success story to build investor confidence.

Gold producer Alkane Resources has raised $10.4 million through a placement of 40 million shares to institutional and sophisticated investors.

Alkane Resources has contracted international engineering group Hatch to provide front end engineering and design works for its Dubbo zirconia project.

Alkane Resources has appointed Nicholas Earner chief operations officer and Tony Wright as commercial manager.Mr Earner was most recently executive general manager at Straits Resources.

Alkane Resources says its Dubbo zirconia project is financially and technically robust, after completing a definitive feasibility study that put a $996 million price tag on the development.

While most media attention seems focused on iron ore and the major operators, there's a number of smaller players offering plenty of potential across a range of minerals. Here's the WA Business News 10 mining stocks to watch.

Alkane Resources has appointed a syndicate of banks to secure a $1 billion finance package for its Dubbo Zirconia project in New South Wales.

WHEN Silver Lake Resources managing director Les Davis and Integra Mining chief Chris Cairns used the first day of the recent Diggers & Dealers Forum in Kalgoorlie to unveil the $1 billion merg

There are some first-rate local stocks out there if you look beyond the headlines.

Alkane Resources has set out to raise $107 million to fund the development of two significant resource projects in New South Wales.

WA's emerging mining companies delivered spectacular gains last financial year, for the astute investors who picked the right stocks.