Our weekly appointments wrap includes Sheila McHale, Terri-ann White, Diane Smith-Gander, Robert French, Emma Cole, Megan Adair, Ray Haeren, Paul Lakey, Ryan Hall, Bianca Sandri and Jason Waters.
Cyprium Metals is looking to raise $35 million in a placement to fund a restart of its Nifty copper mine in the north-eastern Pilbara region of Western Australia by next year.
ASX-listed Horizon Minerals has banked a cool $1.3 million in cash by divesting its interest in explorer Kingwest Resources via an off-market sale process. The company now plans to inject the funds, topped up with existing cash reserves into a host of new exploration programs across its core, WA-based gold assets over the next few months.
Multi-element explorer Horizon Minerals has netted $2m in cash by divesting assets as it continues its expansive exploration campaign in WA. The company shed its shareholdings in Red Dirt Metals and Cyprium Metals in addition to the non-escrowed portion of Metal Hawk. The earnings pocketed from monetising its assets will be used to fund part of its ongoing large-scale multi-commodity drilling program.
Subiaco-based Cyprium Metals is set to acquire copper assets in WA from Metals X while announcing a $90 million capital raising to help fund the purchase.
Goldminer Troy Resources has secured exploration funding for its South American project, with the Perth-based company targeting a maiden ore reserve this year.
