News Articles for Capital Mining

Minerals explorer Godolphin Resources has overcome adverse ground conditions and successfully completed a 27-hole 1111m diamond drilling campaign at its Narraburra rare earths and rare metals project in Central NSW. The company is now eagerly awaiting assay results with the aim of updating its mineral resource estimate early next year from a previous JORC 2004 compliant inferred resource.

Mineral explorer Godolphin Resources has had a 25-hole, 1,500m diamond drilling program at its Narraburra rare earth project near Temora in central-west New South Wales waved through by the state's resources regulator. The company plans to use the campaign to modernise the operation's existing resource up to a JORC 2012 standard.

Godolphin Resources has entered into a binding term sheet with ASX-listed Orange Minerals to offload its Ophir and Wiseman's Creek projects in New South Wales for a total consideration of $550,000. The projects are prospective for gold and base metals and according to the company, the sale will provide a cash injection that will be funnelled to its nearby Narraburra rare earths project.

Gold and base metals explorer Godolphin Resources have added another string to its bow after entering into a two-tranche farm-in and joint venture agreement with private exploration outfit EX9 to earn up to a 75 per cent stake in the Narraburra Rare Earth Element, or “REE” Project located some 15 kilometres north of Temora in central west NSW.

Two former directors of collapsed Capital Mining have faced court accused of dishonestly using their position to gain $2.6 million.

Long serving non-executive director John Gardner has retired from the board of Mincor Resources.

Perth entrepreneur Mark Lapins is aiming to defy waning investor interest in tech startups, announcing plans for a backdoor listing that values his ‘internet of things' firm, Quantify Technology, at $22 million.

Medical cannabis hopeful MGC Pharmaceuticals has upped its capital raising to $5 million after its initial $3.5 million raising closed oversubscribed.

Gleneagle Gold will make a second attempt at a reverse takeover with plans to buy a local unlisted medical cannabis company in a deal worth about $8 million.

Leonard Math has been re-appointed as a non-executive director as a casual vacancy at Kangaroo Resources Limited.

The market appetite for backdoor listings of tech stocks continues unabated, with Magnolia Resources securing $7 million in funding commitments and Potash Minerals becoming the fifth exploration company from Western Australia to head down the tech path this month.

Former gold explorer International Goldfields has become the fourth Western Australian company to move into the cannabis industry, with the acquisition of Uruguayan business Winter Garden Biosciences.

Oil and gas explorer Odin Energy has struck an agreement to acquire a local cannabis and hemp 'aggregator', making it the third WA-based listed company to explore the cannabis sector in recent months.

Aziana was one of three Perth exploration companies to release details today of plans to leave the resources sector behind, through reverse takeovers of businesses in sectors as diverse as artificial intelligence, medical cannabis and e-commerce.