Western Australia's resources sector has evolved a long way from the perception, erroneous or otherwise, that its biggest and most profitable players are only interested in removing minerals from the ground and selling them to the highest bidder.
Sandfire Resources has made a $167 million takeover offer for MOD Resources, just over five months after it made a $94.5 million bid for the junior, with MOD's board backing the improved offer.
Sandfire Resources confirmed today it has approached MOD Resources about a potential takeover, with the target proceeding instead with a $15 million capital raising to support work on its T3 copper project.
Resolute Mining has announced plans to list on the London Stock Exchange, just a day after fellow Africa-focused miner MOD Resources was admitted to the LSE.
MOD Resources has increased the capacity of its planned processing plant at the T3 copper project in Botswana, while also appointing a lead engineer for the feasibility study, along with debt advisers for the project.
Copper-focused MOD Resources has announced it is seeking a dual listing on the London Stock Exchange to increase its international profile and improve access to capital in the UK.
MOD Resources has moved to full ownership of its T3 copper project in Botswana, after acquiring UK-based Metal Tiger's stake of the project in a scrip deal worth $26.6 million.
Westgold Resources Limited is pleased to advise that completion of the sale of the South Kalgoorlie Operations (SKO) to Northern Star Resources Limited as announced on 8 March 2018 occurred on 29 M
Copper explorer MOD Resources has tapped investors for $18.3 million, with the proceeds set to be used on exploration work at its T3 and T20 Dome projects in Botswana.
Copper explorer MOD Resources has released a favourable pre-feasibility study for an open-pit mine at its T3 project in Botswana, which has an estimated annual free cash flow of $US77 million ($95 million).
Copper explorer MOD Resources has entered into an agreement to sell its Sams Creek gold project in New Zealand to a company planning to list on the ASX.
Copper explorer MOD Resources launched its second capital raising in three months, tapping investors for $14.6 million to fund ongoing work at its T3 project in Botswana.
A Botswana copper mine is one step closer for Mod Resources after the company completed a $5.5 million institutional raising to accelerate the possible T3 development.
Copper explorer MOD Resources has released a scoping study for an open-pit mine at its T3 project in Botswana, which has an estimated development cost of $US135 million ($A181.7 million).
Julian Hanna has announced his retirement from the board of nickel miner Western Areas, after serving as its inaugural managing director for over a decade and then taking on a non-executive role.
Perth-based junior miners MOD Resources, Primary Gold and Alloy Resources have announced plans to raise a combined $10.4 million to fund ongoing work at their respective projects
Perth-based exploration company MOD Resources has appointed former managing director of nickel miner Western Areas Julian Hanna as a non-executive director and technical consultant.
Perth-based exploration juniors Jacka Resources, Excelsior Gold and MOD Resources have launched capital raising initiatives worth approximately $24 million collectively.
