Perth-based Ausgold has announced it will undertake an extensive gold drilling program in October, as it aims to secure more growth at its Katanning gold project.
Fresh from the recent release of its definitive feasibility study, Ausgold has announced plans to raise $35 million via a single tranche capital raise.
Bulls N' Bears Big Hits this week examines some notable intercepts revealed on the ASX, including Rox Resources' hit in Western Australia of 6m at 19.08g/t gold from 220m, including 3m at 36.87g/t from 221m. Koba Resources also reported good results at its Yarramba uranium project in South Australia and Ausgold Limited struck gold at its Katanning gold project in WA's Wheatbelt.
Perth-based junior Ausgold has announced that Matthew Greentree has resigned as managing director and chief executive of the company, in order to pursue other interests.
Ausgold has announced plans to raise $38 million via a two-tranche placement in order to accelerate development and exploration activities at its 3.04 million ounce Katanning gold project.
Our board moves wrap includes Mark Turner, Fong Hoon, Wade Johnson, Brian Rodan, Khomotso Mosehla, Robert [Max] Johnston, Winton Willesee, Jeff Howard, James Warburton, Sean Taylor, Alan Willis.
The corporate watchdog has issued fines totaling more than $700,000, within six months, against companies that failed to comply with financial reporting requirements.
Former GR Engineering managing director Geoff Jones has been appointed as non-executive chair of Mineral Resources-backed junior Global Lithium Resources.
Investors have backed Ausgold's $12 million placement to continue the expansion of the Perth-based explorer's Katanning gold project in the state's Great Southern.
Dundee Corporation has upped its stake in Ausgold under a 4 cents per share capital raising, under which the explorer gained a new institutional investor.
Junior explorer Ausgold has received commitments to raise $2.4 million through a share placement and up to $1.2 million via a share purchase plan to fast-track exploration at the company's Katanning gold project in Western Australia.
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.
The return of gold mining as Western Australia's fastest-growing industry is becoming more interesting, with a near-record price for the metal in Australian dollars triggering increased exploration and a pair of possible mine developments in the Wheatbelt.
