Rox Resources' joint venture partner Teck Australia has voiced concern today with the company's proposed sale of its stake in the Reward zinc-lead project to Marindi Metals, after competing bidder IM Medical said last week an exclusivity agreement had been breached.
Perth-based Rox Resources accepted a revised offer from Marindi Metals for its stake in the Reward zinc-lead project in the Northern Territory, with the new cash-and-scrip deal worth $21 million.
Rox Resources has received a competing offer for its stake in the Reward zinc project in the Northern Territory, with Marindi Metals saying its offer will expire at 5pm today if it is not accepted.
Local junior miners Marindi Metals and Agrimin have announced plans to raise a combined $5.5 million to fund ongoing work at their respective projects.
Two well-known mining industry executives will assume control of ASX-listed Brumby Resources in a merger they hope will establish the new company as a producer in the medium term.
Rio Tinto employees have dominated a list of 16 executives and key operational players based in Western Australia that feature in the 100 Global Inspirational Women in Mining.
GR Engineering Services has promoted chief operating officer Geoff Jones to managing director, to succeed Joe Ricciardo who moves to an executive chairman position.
Brumby Resources Ltd has today advised that its underwritten 1-for-2 pro-rata non-renounceable entitlements issue to shareholders was taken up by shareholders represented 59% of the entitlements issue.
West Perth-based Brumby Resources Ltd has launched an underwritten 1-for-2 pro-rata non-renounceable entitlements issue, to raise a total of $2.57 million for exploration at its Pilbara iron ore projects.
West Perth-based gold and base metals explorer, Brumby Resources Ltd, has expanded its portfolio of Pilbara iron ore tenements with the acquisition of six Yule River tenements from Resource and Investment NL.
West Perth-based Brumby Resources Ltd has entered into a joint venture agreement with South Perth's Independence Group NL and Western Australian Resources Ltd for exploration of the Goldsworthy platinum, gold and copper in the Pardoo region.
