Bardoc Gold will raise up to $11.3 million via a share placement and rights issue, while Ausgold will raise $1.8 million through a share placement, with both companies to put the funds towards their respective flagship projects.
Junior explorer Spitfire Materials has tapped investors for $5.3 million via a strongly supported share placement as the company ramps-up exploration work at its Western Australian gold project.
Takeover target Aphrodite Gold has flagged an impairment charge of up to $19 million against its self-titled gold project near Kalgoorlie, but says it will not affect the value of its all-scrip merger with Perth-based Spitfire Materials.
Gold junior Spitfire Materials has entered into an agreement to merge with Victoria-based Aphrodite Gold in an all-scrip deal that values the target at about $32 million.
Poseidon Nickel and Aphrodite Gold have agreed to form a jointly-owned company to own Poseidon's processing facilities at its Black Swan nickel operation and Aphrodite's nearby gold tenements.
Aphrodite Gold's former chief executive and former managing director have each resigned as directors of the company ahead of a planned shareholder meeting today.
Aphrodite Gold non-executive chairman Peter Buttigieg has moved into an executive role, while the board has decided to cease the employment of managing director Leon Reisgys, as well as executive d
Aphrodite Gold non-executive chairman Peter Buttigieg has moved into an executive role, while the board has decided to cease the employment of managing director Leon Reisgys, as well as executive d
Phoenix Gold and Aphrodite Gold have delivered some rare good news for the sector, with Aphrodite announcing plans to build a new processing plant near Kalgoorlie and Phoenix to develop a new mine.
West Perth-based Aphrodite Gold has today opened its $10 million initial public offer to progress exploration and development at its namesake deposit which it recently bought from Apex Minerals.
