News Articles for Magnetic Resources

West Perth-based Magnetic Resources has announced plans to raise $35 million in order to further advance its Laverton-based Lady Julie gold project.

Magnetic Resources is hoping recent success at its Lady Julie gold project in Laverton can continue, after announcing plans to raise $10 million.

In this week's edition of Bulls N' Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including Chilwa Minerals' drilling in Malawi that threw up an intriguing intercept of 13m at 10.5 per cent total heavy minerals. We also take a close look at other interesting drill hits from last week reported by Magnetic Resources and West African Resources.

White Cliff Minerals has polished off a high-resolution magnetic and radiometric survey at its Yinnetharra lithium and rare earths project about 100km northeast of Gascoyne Junction in WA. The operation is within earshot of several high-profile plays including Hastings Technology Metals' world-class Yangibana rare earths acreage and Arrow Minerals' emerging Reid Well prospect where rock chip sampling returned grades of up to 3.77 per cent lithium oxide.

Our board moves wrap includes Karl DeMong, Brett Lawrence, Jason Kulas, Timothy Jugmans, Susan Thomas, Ged Hall, Dennis Jensen, Robert Scott, ZhaoYa Wang, WangHong Yang, Rowan Johnston, Ben Laird, Peter Wallace, Lawrence Marshall, Benjamin Donovan, Julien Sanderson, Matthew Carr, Tamara Brown, Michael Skead, and Laurie Marsland.

Elevate Uranium and Valor Resources have raised funds to advance their uranium projects, while fellow WA companies Saturn Metals and Medallion Metals are continuing their search for gold.

Our board moves wrap includes Darryl Clark, Kent Balas, Jeremy Sinclair, Hian Siang Chan, Justin Mouchacca, Stephen Buckley, Hugh Warner, Harry Greaves, Anthony Cina, George Bauk, Gary Billingsley, Brian McMaster, and Nicholas Lindsay.

Alicanto Minerals has exercised its option to acquire Zaffer Australian which owns the Oxberg and Naverberg Volcanogenic Massive Sulphide Projects within the highly endowed Cu-Au-Zn-Pb-Ag Bergslage

Junior explorers Magnetic Resources, Golden Rim Resources and Real Energy will tap investors in separate capital raisings worth a combined $12.3 million.

Tungsten Mining has announced a placement to sophisticated and institutional investors to raise approximately $20 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

Magnetic Resources has appointed current executive director, George Sakalidis, as managing director.

Yan Lui has resigned from his positions of chief executive officer and Trinidad general manager at Range Resources. Mr Liu will remain on the board of director as a non-executive director.

Magnetic Resources founding director George Sakalisis has resigned as managing director of the company, with current executive director Gavin Fletcher to take up the managing directorship.