The state government has dismissed Bulletin Resources' appeal over mineral exploration near Ravensthorpe, a move environmental groups described as a landmark decision.
Bulletin Resources is raising $3.63 million from a rights issue and placements to fund continued exploration at its flagship Lake Rebecca gold project.
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Coolgardie Minerals has appointed Pitcher Partners' Daniel Bredenkamp and Bryan Hughes voluntary administrators six months after the Neil Warburton-chaired gold hopeful was added to the ASX.
Perth-based Bulletin Resources has sold its remaining 20 per cent stake in the Halls Creek gold project to Pantoro in an all-scrip deal worth $13.7 million.
Queensland-based explorer Pacific Niugini has made a $6.8 million bid to purchase an 80 per cent stake in Bulletin Resources' Halls Creek gold projects, dwarfing an original offer from Bulletin's major shareholder Matsa Resources.
Bulletin Resources has enlisted its major shareholder Matsa Resources to acquire up to a 75 per cent interest for its Halls Creek gold projects in a $4.4 million binding term sheet.
With 10 out of 11 Western Australian resources-focused listings from December 2010 trading above their issue price, 2011 promises to be a strong year for minerals-related investment.
