News Articles for Cyclone Metals

West Perth-based junior Cyclone Metals has increased Paul Berend's portfolio, as it continues to develop its Iron Bear project in Canada.

Cyclone Metals has announced a change to its management structure.

This week's Bulls N' Bears Runner of the Week is … NoviqTech. The blockchain powered ledger technology and carbon footprint monitoring company shot up 172% on Friday following a “strategic placement” to cryptocurrency heavyweights including blockchain investor, European politician and High Stakes Poker TV-personality ‘Tony G'.

Our board moves wrap includes Peter George, Paul Berend, Tony Sage, Terry Donnelly, Mark Potter, Ross Cotton, and Nicholas Ong.

Our board moves wrap includes Chris Radin, Sheila Khama, Stirling Ross, Gerry Kaczmarek, Tony Kiernan, Derek Humphry, Dale Richards, Nerida Schmidt, Patricia Farr, Simon Robertson, Susan Park, Peter Webse, ChongTao Xu, Andrew Taplin, Carol Marinkovich, Rowan Harland, Arron Canicais, David Lim, Andrew Woskett, Benjamin Donovan, and Shaun Menezes.

Cyclone Metals is poised to drill into its Nickol River project in WA after pulling some exquisite gold nuggets from test pits it says confirms the presence of a gold-bearing quartz reef system at the site. The work extends a solid run of form that has seen the explorer unearth specimens grading up to 712 grams per sample setting the stage for a highly anticipated drill program.

Cyclone Metals has unveiled a suite of gold anomalies at its Mareburn and Macraes South projects, about 40km north of Dunedin in New Zealand's Otago Province following the company's trial of an ionic leach geochemistry survey. According to the company, the program is an inexpensive and swift method of sniffing out and defining drill targets across its extensive tenements on the South Island.

Our board moves wrap includes Karl Page, Andre Douchane, Ramon Soares, Mark Stowell, Donald Strang, Catherine Grant-Edwards, Melissa Chapman, and Barry Woodhouse.

Perth-based Cyclone Metals has sealed a binding exclusivity agreement with Ewaah Cameroon on a “world-class” cobalt-nickel-manganese land package in the central African region. The deal gives the company the right to procure 100 per cent of the issued capital of the Camdu Corporation, a subsidiary of Ewaah, that has applied for a mining permit covering the prospective ground.

Cyclone Metals has wrapped up a maiden gold exploration program at its Mareburn and Macraes South projects, about 40km north of Dunedin in the Otago Province of New Zealand. According to the company, the region has churned out over 10 million ounces of the precious metal and all eyes will now be on the results from the campaign, which are anticipated for around a month.

Mineral explorer Cyclone Metals has been granted two exploration permits covering about 198 square kilometres in the Otago region of New Zealand's South Island. The newly acquired Drybread and Waikerikeri projects form part of the company's broader six-project acquisition completed in March. At the time the two projects were under application, however approvals have been given for a period of five years and can be renewed.

Cyclone Metals has started its maiden New Zealand exploration program at its newly-acquired Mareburn and Macraes South gold projects. The projects are located adjacent to OceanaGold Corporation's 10-million-ounce Macraes gold deposit currently producing 155,000 ounces per year. Geochemical sampling will target known gold mineralisation and favourable cross-cutting structures that may mimic the 80-million-ounce Carlin trend in Nevada.

Our board moves wrap includes Stirling Ross, Lloyd Flint, Jonathan Shellabear, Robert Martin, Hugh Callaghan, and Carolina Arecco.

ASX-listed Cyclone Metals has unearthed gold nuggets weighing up to 20.5 grams at its wholly-owned Nickol River project in Western Australia's West Pilbara region. The latest nuggets come from the 18 test pits dug in January and total 76 grams of the precious yellow metal. The explorer says with the latest results in hand, planning for a maiden drill program will now begin.

Cyclone Metals has added a diversified portfolio of gold, copper, nickel and PGE assets in New Zealand to its stable after completing the acquisition of Grand Port Resources and its wholly owned subsidiaries Midway Resources Limited and Nimitz Resources. Under the terms of the agreement, Cyclone will grant Grand Port 900 million shares and the right to nominate one board member to join Cyclone's Board.

Cyclone Metals has acquired six exploration projects in New Zealand covering gold, copper, nickel and platinum group elements. Highlights include the Muirs project containing 222,000 ounces of gold near the 45 million ounce Hauraki goldfield. At the Mareburn project drill hits include 10m at 2.4 g/t gold and it is only 8km from the 10-million-ounce Macraes gold mine.

Cyclone Metals has unearthed some stunning quartz and gold nugget specimens up to 712 grams at its wholly owned Nickol River project in WA's Pilbara region, which begs the question – where are they coming from? Notably, they were found in the very first test pit and the company is hopeful that drilling targets for primary mineralisation will quickly be generated from them.

Our board moves wrap includes William Scott, Jeremy Ryan, Nathan Bartrop, Tony Swiericzuk, Judson Lorkin, Alan Cransberg, and Wayne Osborn.

Our board moves wrap includes Sarah Smith, Terry Donnelly, Mark Hancock, Tony Sage, N Baijendra Kumar, Fiona van Maanen, Michael Jefferies, Trevor Benson, Francis Lim, Hao Wen, and Wing Kee Cheng.

Matt Callahan has re-joined the board of Botanix Pharmaceuticals as an executive director following the decision by Robert Towner to step down as non-executive director.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Shares in Tony Sage's Cape Lambert Resources have been placed in a temporary halt, ahead of a pending announcement regarding the company's Kipushi cobalt-copper tailings project in the Democratic Republic of Congo.

MMJ PhytoTech has invested CAD$0.15m for a 2.5% shareholding in privately-held Embark Health Inc as part of their CAD$1m seed funding round.

Mark Connelly-led Tao Commodities is set to commence trading on the ASX on Monday, after the junior explorer raised $4.7 million via an initial public offering.

Emerging Western Australian nickel company St George Mining is pleased to announce it has successfully raised $4.0 million from institutional and sophisticated investors via a placement at an issue

Pancontinental Oil & Gas NL has successfully completed the acquisition of 100% of the shares of Bombora Natural Energy Pty Ltd.

Cape Lambert Resources Limited has sold its royalty on the Mayoko iron ore project for $1 million cash subject to the formality of the new owners signing off on the transaction.

Subiaco-based Paynes Find Gold is seeking to become a lithium miner through the reverse takeover and backdoor listing of a European mining company backed by local businessman Tony Sage.

The corporate watchdog has moved to have McGrathNicol appointed as liquidator to Peter Landau's troubled listed coal mining company Continental Coal.

Tony Sage's Cape Lambert Resources has announced plans to undertake its first capital raising since its initial offer, which was completed when the company listed on the ASX 16 years ago.

SPECIAL REPORT: Perth's fashion sector is gradually making its mark by developing niche opportunities, despite growing international competition.

Perth-based Cape Lambert Resources has told the market that its investments in Timis Mining and African Minerals have hit roadblocks.

UPDATE: Perth Glory denies it has breached the salary cap and is considering its legal options, after it was banned from this year's A-League finals series over allegations it overpaid its players for the past three years.

Perth-based mining developer Cape Lambert Resources has announced it is cutting 117 jobs and postponing a planned dividend payment, in response to the sharp downturn in the iron ore market.

Cape Lambert Resources says it will provide $US20 million through a financing agreement to Timis Mining Corporation to help fund its acquisition of the collapsed London Mining's Marampa mine assets.

Exploration and development company Cape Lambert has announced it will return almost $25 million to shareholders, just a week after a successful settlement with the Australian Tax Office.

Cape Lambert has reached a settlement with the Australian Tax Office regarding its $96 million tax dispute, agreeing to make a final net payment of $2.4 million.

Mining and engineering contractors were the biggest losers today when the S&P Dow Jones rebalanced all of its Australian indices, with RCR Tomlinson one of the few to buck the trend.

Shares in West Leederville-based Glory Resources have soared on the back of the gold explorer receiving a $30.5 million friendly takeover offer from Canadian miner Eldorado Gold.

Eight Western Australia-based resources sector firms have been removed from the list of Australia's top 300 companies, providing further evidence that the slowdown in mining activity is hurting WA