New leadership is in store for ASX-listed NiCo Resources after announcing the resignations of founding non-executive chairman Warren Hallam and chief executive Rod Corps.
Mineral explorer Panther Metals says final assay results from drilling at its Coglia project in the Laverton region of WA have returned its best nickel and cobalt grades at the operation to date. The banner results include a 1m intersection going 3.97 per cent nickel from 64m with a 1m copper hit grading 7900 parts per million from the same depth.
Godolphin Resources has stretched its NSW ground after picking up a brace of exploration licences from the state government's Department of Mining, Exploration and Geoscience. The company's new tenure spans 160 square kilometres and is prospective for gold amongst other minerals. The pick-up adds to a portfolio of projects based around the revered Lachlan Fold Belt and sits amongst the explorer's existing projects.
Bill Beament-led Develop will pay up to $100 million for Heron Resources and the Woodlawn copper-zinc mine in NSW, seven months after the developer went into administration.
Copper and zinc producer Heron Resources has launched a $91 million funding package, as it is set to run out of cash this month, following delays in construction and ramp-up at its Woodlawn zinc-copper project in NSW.
ASX-listed Heron Resources has received a claim from CIMIC Group subsidiary, Sedgman, for $49.9 million in extra costs for works at its flagship Woodlawn zinc-copper project in New South Wales.
Aspiring miner Heron Resources has tapped investors for about $240 million and says it is now fully funded to develop its Woodlawn zinc-copper project in NSW.
Heron Resources has awarded CIMIC Group subsidiary Sedgman a $107 million engineering, procurement and construction contract for a processing facility at its Woodlawn zinc-copper project south of Sydney.
Perth-based Ardea Resources has wrapped up its first day of trading on the ASX, after spinning out from Heron Resources and raising $5.2 million from investors.
Minerals explorer TNG has finally lodged a prospectus for the demerger of its base metals portfolio into a spin-out company, while Heron Resources and Force Commodities have both progressed their respective demergers.
SPECIAL REPORT: Nearly 70 WA-connected companies listed on the ASX in 2016, but current prospects indicate there will be substantially fewer this year.
Heron Resources is the latest company to announce plans to spin-out its non-core assets into a new company, following similar recent movements by Metals X, TNG and Indiana Resources.
Perth-based Metalicity has commenced exploration activity and a scoping study at its recently acquired base metals projects, after a 12-month restructuring process that concluded yesterday when it began trading on the ASX.
Perth-based PLD Corporation will proceed with acquiring three zinc and nickel projects, including collapsed miner Kagara's Admiral Bay zinc project, now that it has secured about $10 million from two mining finance managers, including Resource Capital Funds.
Just weeks after Canadian shareholders challenged its current board, shares in Heron Resources were driven up 13 per cent on news that a peace deal had been arranged.
Heron Resources says it can dramatically reduce capital costs at its Kalgoorlie nickel project by pursuing a smaller-scale plant option, describing the results of a scoping study as a step-change improvement in the economics of the project.
Heron Resources has signed an agreement with Kewdale engineering group Simulus to use its unique metallurgical testing processes, with a view of making the Kalgoorlie nickel project more economical
West Perth-based Heron Resources will sell its Kalgoorlie gold assets to Metaliko Resources for $400,000 cash and a stake in the company when Metaliko lists on the local bourse.
Heron Resources says the first tranche of a project joint venture deal with Ningbo Shanshan has been completed, with the Chinese entity injecting $2.7 million into the West Perth-based explorer.
Heron Resources has suffered a blow with Brazilian mining giant Vale withdrawing from the $2 billion Kalgoorlie nickel joint venture, leaving the West Perth-based company looking for a new partner.
A scoping study into Perth-based Heron Resources Ltd's Yerilla operation, which includes the Jump-up Dam project, has estimated a capital cost of $1.2 billion with a payback period of six-and-a-half years.
Nickel hopeful Heron Resources Ltd has placed its Jump-Up Dam heap leach operation on care and maintenance, after results of a pre-feasibility study concluded the process did not make an adequate return on investment on the back of rising costs.
Nickel explorer Heron Resources Ltd has launched legal proceedings against Russian giant Norilsk Nickel in the Western Australian Supreme Court in a bid to gain access to the Bulong tenements near Kalgoorlie.
West Perth-based Heron Resources Ltd and Brazilian giant CVRD Inco have approved a budget of $13.8 million for the first half of the prefeasibility study into the Kalgoorlie nickel project.
GLOBAL miners, CVRD-Inco Ltd and BHP Billiton Ltd, continued to shower their attentions on resources junior Heron Resources Ltd, increasing their stakes in the West Perth company during the past week.
West Perth-based Heron Resources Ltd will raise $17.2 million through the placement of 15 million shares to CVRD Inco Ltd, just days after raising the same amount in a two-tranche placement of the same number of shares to BHP Billiton.
One week after Brazilian mining giant CVRD Inco agreed to fund further studies on Heron Resources' Kalgoorlie nickel project, Heron has done a deal with Australian mining giant BHP Billiton to raise extra capital for a second nickel project.
CVRD-Inco will proceed to step three of the Kalgoorlie Nickel Project, its joint venture with West Perth-based Heron Resources Ltd, and will pass on a draft program and budget for the works by Saturday.
West Perth-based Heron Resources Ltd has approved the commencement of trial mining and construction of the Demonstration Leaching Project on its Jump-up Dam Heap Leach Nickel Project, expected to cost $5.5 million.
CVRD-Inco has completed the second stage of evaluation of the Kalgoorlie Nickel Project, managed in a joint venture with Heron Resources Ltd, the West Perth-based company has announced.
