News Articles for Ibaera Capital Investment Fund

A superannuation fund followed distantly by two land investors dominates the local landscape.

ASX-listed Strickland Metals has tied up the acquisition of its mammoth Rogozna gold and base metal project in Serbia where a resource containing more than 5.4 million ounces of gold equivalent has already been defined. A 60,000m resource expansion and exploration drilling campaign is also well underway, with three rigs smashing out the metres and a fourth to be added shortly.

Strickland Metals has launched into a new exploration campaign at its 5.44 million-ounce gold equivalent Rogozna project in Serbia, with two rigs kicking off a planned 60,000m of drilling and another two on the way. The infill, extensional and scout probing strategy devised by the company will be the biggest program ever committed to the project.

Strickland Metals has entered the lucrative Serbian gold game after acquiring the Rogozna project that already boasts a whopping resource of 5.44 million JORC-compliant ounces of gold equivalent. The company says advanced exploration targets at Rogozna offer near-term growth, with diamond drilling outside of the existing resource going as high as a staggering 352m at 2.1 grams per tonne gold equivalent from 240m.

Apollo Consolidated is selling a portion of its interest in two overseas gold projects, with the proceeds to fund drilling and development studies on its Lake Rebecca project in Western Australia.

After snapping up over 90% of Azumah Resources shares, private equity firm, Ibaera Capital, will mop up the remaining 10% under the compulsory acquisition provisions in the Corporations Act. Ibaera got to just over 90% last week and told shareholders they would still receive their money for their remaining shares after the compulsory acquisition provisions kick in. It seems that the message hit home, with Ibaera making it to over 93% by Monday.

Azure Capital, Canaccord Genuity and DLA Piper were among the most active advisers on corporate finance deals in 2019.

Azumah Resources has told its shareholders it will need to conduct a capital raising early next year to fund its share of the Wa gold project, if suitor Ibaera Capital is not able to achieve full ownership.

Azumah Resources' firm rejection of Ibaera Capital's initial takeover offer has paid dividends, with the private equity group agreeing to increase its offer for the West Perth-based miner.

SPECIAL REPORT: The September quarter update to the BNiQ deals database shows that UBS, Sternship Advisors and Azure Capital have been the most active corporate advisers in the Western Australian market.

Azumah Resources has pushed back against Ibaera Capital's hostile takeover bid, stating that the mining equity fund has paid substantially more for its current stake in the gold junior than the price of its takeover offer.

Ibaera Capital has made a hostile $27.4 million takeover bid for fellow West Perth-based company Azumah Resources, as the fund manager seeks to get both hands on its gold joint venture in West Africa.

Azumah Resources has kicked off a massive 40,000m multi-target drilling campaign to be managed and funded by Perth mining investment fund Ibaera Capital. Azumah is seeking to achieve a major boost to its resource and reserve numbers at the interesting looking project as it looks to deliver a feasibility study by the end of the year.

SPECIAL REPORT: West Perth-based fund Ibaera Capital is hoping to plug a funding gap for metals juniors with big projects.

Move over RCF and Orion Mine Finance, there's a new kid on the block with $100m to plough into mining investments. Ibaera Capital is applying a new paradigm to its private equity offering, combining the $100m it has available with its top-notch team of geologists to turn undervalued exploration plays into bonafide mines. Its first investment is into ASX listed Azumah Resources' Wa Project in Ghana.

Shares in West Africa-focused Azumah Resources soared today on the back of positive drilling results from its Wa gold project in Ghana.

A Perth-based investment group has lined up about $17 million to farm-in on Azumah Resources' Wa gold project in Ghana.