News Articles for Greenstone Resources

Horizon Minerals’ push to become a sustainable mid-cap gold producer in the Goldfields is gaining momentum, following news it had filed documents to merge with Poseidon Nickel.

Copper-focused junior Firetail Resources has promoted chief executive officer Glenn Poole to the role of managing director, effective immediately.

Junior explorer Asra Minerals has sold its Tarmoola pastoral lease to goldmining mid-tier Red 5, in a move designed to support its upcoming drilling and exploration campaigns.

Ashok Parekh-chaired Horizon Minerals has announced the departure of Jon Price from its board.

Horizon Minerals has kicked off mining activities at its recently-approved Boorara gold development operation that sits adjacent to Northern Star's massive Super Pit mine in the regional WA city of Kalgoorlie. Management last month gave approval for the mining of four open pits containing 1.24 million tonnes of ore grading 1.24g/t gold for 49,500 ounces and says it has already kicked the plan into action.

Horizon Minerals has established a hefty gold-silver resource after completing a merger with Greenstone Resources, covering the new entity's entire holdings in Western Australia's Goldfields region. The company says it now boasts a resource inventory of 1.8 million ounces of gold and 20 million ounces of silver and is now poised to generate accelerated cash flow from multiple gold deposits near Kalgoorlie.

ASX-listed Firetail Resources has appointed Glenn Poole as its chief executive officer, effective from July 8.

Gold aspirant Horizon Minerals has officially merged with Greenstone Resources, following all schemes of arrangement being implemented on Tuesday.

Shares in Horizon Minerals rose to their highest price since May last year on Monday afternoon, following news that the company had signed a toll milling agreement with FRM Investments.

Shares in Horizon Minerals rose by 26 per cent on Monday morning, after the junior announced it had entered into a binding ore sale agreement with Paddington Gold, a wholly-owned subsidiary of Norton Gold Fields.

Horizon Minerals is on the path to generating its first cash flows from mining its Boorara gold deposit in WA after entering an ore sale agreement with Paddington Gold for the treatment of 1.4 million tonnes of ore at the Paddington mill. The agreement will start in the next quarter and run for 22 months, with the mill sitting about 56km by road from Boorara.

Horizon Minerals has tipped $2.93 million into its till after selling a share package it received from Vox Royalty late last year following a royalties divestment deal relating to gold projects in WA's Goldfields region. Horizon also collected an initial $4 million when the agreement was struck and Vox later decided to complete the deal via the share package instead of a further cash consideration.

A dispute involving junior miners over a $26 million joint venture deal with Wesfarmers Chemicals has been settled for more than $6 million.

Junior miner Horizon Minerals posted a $1.40 million profit during the first half of the 2024 financial year, which was down 19.4 per cent from $1.74 million during the prior corresponding period.

Ora Banda Mining has accused Greenstone Resources and Ian Gandel's Riverina of blocking the final sign off for the junior miner's $26 million joint venture deal with Wesfarmers Chemicals.

WA gold hopeful Horizon Minerals has reached a deal to acquire fellow explorer Greenstone Resources to consolidate the two companies' assets in the Goldfields.

Horizon Minerals has moved to build further on its mission to become a mid-tier gold producer in Western Australia's renowned Goldfields region through a proposed merger with Greenstone Resources. The merger would create a combined entity with a significant landholding containing 1.8 million ounces of gold near a toll treatment mill in the historic WA town of Coolgardie.

After some unforeseen hiccups, Conico is now charging towards completion of a scoping study, which it says will now include new project optimisations aimed at enhancing economics at its Mt Thirsty project. While high workflow levels for key consultants slowed the study process, it expects it to be finished next month, with an updated mineral resource also on the way.

Conico Limited has revealed a 146 per cent mineral resource jump at its Mt Thirsty nickel-cobalt project near Norseman, surging to 66.2 million tonnes at 0.06 per cent cobalt, 0.43 per cent and 0.45 per cent manganese. The company says its deposit hosts the second-highest cobalt-nickel ratio for similar predevelopment projects in Australia and is uniquely positioned to potentially produce precursor cathode active material.

Our board moves wrap includes Michael Edwards, Glenn Poole, Gary Berrell, Grant Mooney, and David Haslett.

Our board moves wrap includes Chris Hansen, Ian Cochrane, Robert Reynolds, Robert Cole, Dato Abdul Hamid Bin Sh Mohamed, and Ming-Li Tan.

Our board moves wrap includes Sean Gregory and Matthew Bull.

At least $1.6 billion of equity has been raised by WA-linked critical minerals hopefuls in the past five years, but achieving consistent returns is another battle.

Nickel-explorer St George Mining has completed an institutional-led placement to raise $5.8 in funding for its flagship project at Mt Alexander, in the north-eastern Goldfields of Western Australia.

Mineral Resources has continued to diversify its interests, taking a $2 million stake in West Perth-based Barra Resources, which is developing the Mt Thirsty cobalt project near Norseman.

AMEC Foster Wheeler Australia has been appointed as study engineer for a pre-feasibility study at Barra Resources and Conico's Mt Thirsty joint venture project near Norseman.

Three Perth-based junior miners have tapped investors for more than $10 million, while gold explorer Crusader Resources will raise up to $US15 million ($19 million) as the company seeks a dual listing on London's AIM.

Sean Gregory has been appointed managing director and chief executive of Barra Resources.

A joint venture between local junior explorers Conico and Barra Resources is positive on a released scoping study for its Mt Thirsty cobalt-nickel project near Norseman, which is expected to cost $212 million to develop.

Barra Resources has offloaded its Birthday Gift underground mine near Coolgardie to privately-held Kalgoorlie-based mining firm Blue Tiger Mining, for $2 million in cash plus royalties on gold prod

West Perth-based Barra Resources has raised $3.5 million through an oversubscribed placement to advance drilling on its key Mt Thirsty nickel and Phillips Find gold projects in Western Australia.

Barra Resources will restart its Burbanks gold mine near Coolgardie within weeks after it struck new mining and profit-sharing deals with Kalgoorlie-based Mulgabbie Mining.

Barra Resources Ltd says it has hit pay dirt after uncovering what it believes is one of the most spectacular gold discoveries in Australian resources history at its Burbanks underground mine near Coolgardie.

Shares in West Perth-based gold explorer Barra Resources Ltd plunged nearly 10 per cent after announcing it was in negotiations to establish a cobalt-nickel joint venture with Select Minerals Ltd.

Imminent Western Australian gold producer Barra Resources has plans to raise $7 million to complete start-up obligations and move to production at its Burbanks underground gold project near Coolgardie in WA.

Perth-based mineral explorer Barra Resources Ltd has raised funds of $1.8 million including oversubscriptions of $326,000 being accepted by the company.

DECEMBER has been a time of celebration for Barra Resources, and not only because it was the first anniversary of the company's Australian Stock Exchange listing.