News Articles for Aurenne Group

Shares in Aquirian surged more than 63 per cent after the emulsion explosive manufacturer notched a $20 million supply deal for the Mt Ida gold mine.

Horizon Minerals has revealed fresh mineral resource estimates for its Golden Ridge North and Monument gold prospects in Western Australia's Goldfields region, to take its total resource to 23.22 million tonnes at 1.69 grams per tonne gold for 1.26 million ounces. Management says further drilling is now underway at its Monument prospect, while both deposits will soon be the subject of scoping studies.

Wangara-based drilling company Dynamic Group Holdings has secured two new contracts expected to bolster revenue by up to $10 million over the next 12 months.

Horizon Minerals has officially taken control of Aurenne Group's Cannon, Glandore and Cowarna gold projects, comprised of 22 granted tenement licenses covering approximately 180 square kilometres within a short trucking distance from Horizon's 100 per cent owned Boorara gold project in Kalgoorlie. Resource and reserve models are well advanced at the Cannon underground gold mine providing a near-term development opportunity for the company.

GR Engineering Services has secured work on another WA gold project, taking its total EPC contracts this year to more than $300 million.

UPDATED: Private equity player Aurenne Group has made a $32 million all-cash takeover offer for ASX-listed Alt Resources, which is developing the Bottle Creek gold mine in Western Australia.