Sydney-based Resources & Energy Group will buy Kidman Resources' Burbanks gold mine near Coolgardie in a $4.5 million deal announced today, its second Western Australian gold project buy so far this year.
Poseidon Nickel has landed an agreement for Kidman Resources to use its mothballed Lake Johnston infrastructure to process lithium ore from the Melbourne-based company's Mt Holland mine, in a deal potentially worth at least $18.5 million.
Rox Resources has locked horns with Marindi Metals over a failed bid to acquire its stake in the Reward zinc project, a day after Marindi started legal action against Kidman Resources over another deal which Kidman says doesn't exist.
Saracen Mineral Holdings has announced development of the Thunderbox mine is ahead of schedule, while Kidman Resources achieved its first gold pour at the Burbanks mine.