Forrestania Resources has struck a deal worth $59 million to acquire Kula Gold, as the junior furthers its ambitions to become an emerging WA-based producer.
This week's Bulls N' Bears Runner of the Week goes to … DY6 Metals, which hiked more than 505 per cent on the back of impressive historic rare earth assays at its Tundulu project in Malawi. It joins fellow runners Forrestania Resources, Nanoveu and DeSoto Resources.
Shares in West Perth-based exploration company Forrestania Resources rose by 263 per cent early on Tuesday, following news the company had signed an option to acquire 100 per cent of Netley Minerals.
Our board moves wrap includes Michael Anderson, John Hannaford, Scott Patrizi, Carly Terzanidis, Bilyana Smith, Marco da Silva, Kerry Wilson, Roger Lee, Mark Hancock, Didier Murcia, Peter Watson, Alexandra Atkins, Belinda Murray, Jenelle Goddard, and Flavio Garofalo.
Classic Minerals has confirmed more high-grade gold at its Forrestania gold project in WA. The results come from a short infill reverse circulation drilling campaign conducted in November last year. The company plunged 13 holes into the Wheatbelt for 1,419 metres at the Lady Ada and Lady Magdalene prospects. Significant intercepts from Lady Ada include a 1m high-grade hit grading a rich 74.8 grams per tonne gold.
