Regis Resources insists it will only move on inorganic growth opportunities if the value proposition lines up, days after it was linked to a buy-out its Tropicana goldmine partner.
West Perth contractor CPC Engineering has secured two new contracts in the red-hot gold sector, bringing in $24 million worth of new work with AngloGold Ashanti and Capricorn Metals.
Regis Resources has used its quarterly report to again lash the contentious ministerial blocking of its McPhillamys gold project, as early stage work starts on a new concept study at the proposed mine.
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. In this second part of an occasional series, Bulls N' Bears takes a look at some of those companies which have prospered after jumping into the business bed with a major partner.
The race is still on for companies trying to crack the exploration code within Western Australia's rugged Albany-Fraser Orogen in the ongoing mission to reproduce the area's renowned – and only – Nova-Bollinger nickel-copper find. Despite some firms claiming to have defined the geological silver bullet they believed would shoot them to fame, the search for the elusive prize continues.
Terrain Minerals' geophysics have identified five conductors at its Lort River project near Esperance in Western Australia that show the potential for sulphide mineralisation analogous to IGO's renowned Nova-Bollinger deposits in the same mineral belt. Two of the conductors lie on the western periphery of a prominent “eye-shaped” aeromagnetic imagery feature that may also signify a mineralised mafic intrusive.
Meeka Metals has appointed top-gun mine site executive Matthew O'Hara to lead the construction phase for its 100 per cent-owned flagship Murchison gold project in Western Australia's Mid West region. The company has today confirmed that funding is imminent, site environmental permits have been secured and a bigger-than-planned ball mill will be delivered by September, bringing the project another step closer to production.
West-Perth based digital entertainment system business Swift Networks has secured a twelve-month extension on its contract to provide services across three Chevron facilities.
Perenti's underground mining business arm Barminco has won a three-year mining services contract extension worth $450 million with AngloGold Ashanti, effective from October 1.
Australian gold production fell nine per cent in The March quarter, weighed down by the impacts of severe storms which hampered output in Western Australia and other gold mining regions.
Terrain Minerals is preparing to stare directly into a Nova-style “eye” magnetic feature at its Lort River project, with a detailed airborne electromagnetic survey slated to kick off early next month. The company identified the intriguing feature just eight weeks ago and is wasting no time in refining the target, which displays stark similarities to IGO's Nova-Bollinger nickel-copper-cobalt deposit in Western Australia's prospective Albany-Fraser Belt.
Some old-fashioned detective work has set Terrain Minerals on a pathway to try and emulate Sirius Resources' 2012 discovery of the hulking Nova-Bollinger deposit in WA's Fraser Range. Terrain says its search through old geophysical records identified an intriguing “eye-shaped” feature near its ground similar to the one that led to the Nova-Bollinger base metals discovery – just 300km to the north on the same geological structure.
Software provider K2fly says cost management remains its major focus as the company's latest financial report today revealed a remarkable 14th consecutive quarter of annual recurring revenue growth. The ARR was at $8 million in the past quarter, up 16 per cent compared to the previous corresponding period (PCP) and revenue was at $3.4million, up 21 per cent from the PCP.
Software provider K2fly has initiated a sweeping strategic review of its operations in a swift boardroom move designed to maximise the full potential of its innovative resource governance software solutions. After posting 13 quarters of increasing revenue on the trot, K2Fly has vowed not to sit on those laurels and has appointed Argonaut PCF and Atrico as joint advisors to steer its review.
Kalgoorlie Gold Mining has launched an earlier-than-expected RC drill-testing program at its Pinjin project in Western Australia's Laverton Tectonic Zone in a move designed to ramp up its search for shallow, high-grade gold. Pouncing on the chance to get a drill rig this week, the company's program at its Providence deposit has been crafted to follow up last month's gold drill hits.
Our weekly appointments wrap includes Richard McLeod, Debra Sayce, Wayne Bull, Mark Barnaba, John Gelavis, Brad Royce, Fiona Wood, Don Pyke, Ronni Kahn and James Goth.
Our weekly appointments wrap includes Dean Nalder, Mark Couzens, Andrew Woodley-Page, Them Lam, Chris Slater, Andrew Young, Terry Enright, Mike Erickson, Ross Love, David Lock, Karl Paganin and Derek Parkin.
One of WA's most senior mining executives, former AngloGold Ashanti boss Mike Erickson, has taken on a senior corporate advisory role at Indigenous contractor Carey Group.
Goldminer AngloGold Ashanti, contractor Barminco and engineering firm Sandvik have struck a deal to test a battery-electric underground mining truck at a Laverton mine.
Software provider K2fly has revealed a steady stepladder towards profit-making after its latest financial year report showed healthy revenue of $12.8 million – a jump of 28 per cent on the previous period. The company's positive result was bolstered by a 25 per cent increase in annual recurring revenue up to $7.5 million, putting its three-year compound annual growth rate at 48 per cent.
Our weekly appointments wrap includes Matt Nixon, Andrew Lindsay, Claire Vinnicombe, Greg Harvey, Tim Marney, Warren McHardie, Stephen Perkins, Michael Erikson and Rachel Emer.
While many gold producers are delighted to churn out 100,000 ounces a year, five leading companies wouldn't get out of bed for that. Take a look which WA company stands head and shoulders above them all.
Multi-commodity explorer Meeka Metals continues to rack up high-grade gold hits at its Circle Valley project near the WA town of Esperance, where it expects to soon deliver a maiden rare earths mineral resource. The intriguing intercepts appear to be evolving into a significant gold footprint covering several kilometres at its underexplored tenure. The head grade came in a 4m core showing 3.89 g/t.
West Perth-based gold explorer DiscovEx Resources says assay results from its air-core drilling at the company's Spartan prospect at its Edjudina project in WA's Eastern Goldfields have confirmed bedrock gold mineralisation, generating three high-priority drill targets. The company believes it has also discovered significant gold within transported overburden and now plans to determine the connection between the bedrock and transported gold.
DiscovEx Resources has closed the book on busy December quarter headlined by an intersection of bedrock and paleochannel gold at its Spartan prospect, part of its larger Edjudina project about 250km north-east of Kalgoorlie in WA. The project sits in the southern slice of the Laverton district and is close to several major gold deposits including AngloGold Ashanti's 10 million ounce plus Sunrise Dam mine.
Si6 Metals has struck high-grade shallow gold out the back of Laverton in WA's Goldfields in the maiden aircore drilling program at its Monument Gold project.
Gold output in Australia has fallen 9 per cent from its June quarter high, with some of the biggest operators reporting a drop in production, new data has shown.
Mineral Explorer Si6 Metals has wrapped up a 119-hole, 5636m air-core drilling program at its Monument gold project in WA's Goldfields region where the company is already sitting on a 3.3 million t
Mining software provider K2fly has tabled some healthy numbers from the September quarter with the company achieving record highs in its core metrics thanks to continued major tier 1 contract wins. The company operates in the global resources space under a ‘Software as a Service' business model – meaning its product is delivered on a subscription basis.
ASX-listed mining software provider K2fly has strengthened its ties with Imerys Group after inking a three year contract for use of its Land Access solution. The three year deal has a total contract value of $860,000 and an annual recurring revenue of $123,000 in exchange for a system that manages land access, studies, approvals, stakeholder engagement, operations and land use.
Metal Hawk and farm-in partner Falcon Metals are set to follow up historical results at the duo's Viking gold project in WA's highly prospective Albany Fraser Province with a 1600m RC drilling campaign in coming weeks. Falcon listed on the ASX last December and is the spin-off of heavyweight mineral explorer Chalice Mining's gold interests with an earn-in stake in the Viking project that is located 30km southeast of Norseman.
DiscovEx Resources has kicked off a 10,000m air-core program at its Edjudina project about 250km north-east of Kalgoorlie in Western Australia as it targets a compelling gold anomaly at the site. The company has been working up its Spartan target over the past few months conducting systematic soil sampling and geophysical survey work.
Mining software provider K2fly will launch a new technology platform later this year, capitalising on its experience gleaned from working with tier 1 and 2 miners in the increasingly critical environmental, social and governance sector. The company also unveiled collaboration to leverage its technology with Maptek, an organisation recognised as one of the world's biggest private mining software companies with clients in 95 countries.
Panther Metals is working the drill bit at its Ironstone prospect, part of the company's larger Merolia project near Laverton in Western Australia. The explorer says its 1200m diamond drilling program is aimed at testing historic mineralisation and modelling the target's main lode. Earlier work in the area delivered a peak intercept of 9m at 22.27 grams per tonne gold from 112m.
