Metals X says the recent closure and subsequent reopening of its Nifty copper mine will dent production for the quarter, but it has maintained its full-year target.
The state government has named the 43 successful applicants that will share in about $5 million for exploration drilling programs, with over half of those being gold projects.
Westgold Resources will no longer acquire Silver Lake Resources' stake in the Cue operation after joint venture partner Musgrave Minerals exercised its pre-emptive right to buy the interest.
Metals X has released an updated definitive feasibility study for an expansion of its half-owned Renison tailings retreatment project (also known as Rentails) in Tasmania, which is expected to cost $205 million.
Silver Lake Resources has announced the sale of its remaining interests in the Murchison region to Metals X spin-out Westgold Resources in a cash-and-shares deal worth $10 million.
Metals X spin-off Westgold Resources has entered into a toll processing agreement with Canadian company RNC Minerals that comes with an option to sell its South Kalgoorlie operations for $80 million in cash and shares.
Holding an even exposure to base metals and gold will be the key to keeping Independence Group's performance consistent across the commodity cycle, according to managing director Peter Bradford, although the time was not yet right to be looking for new gold projects.
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.
Diversified miner Metals X has confirmed a $115.6 million capital raising and plans to demerge its gold assets into a new company, which will be led by existing chief executive Peter Cook.
The largest shareholder in Metals X has sold a big line of stock and foreshadowed further sales, as the diversified miner announced plans to invest $15 million developing its Fortnum gold project.
Panoramic Resources has today confirmed plans for a spin-out of its Gum Creek gold project into a new ASX-listed company, while Metals X is considering the possible sale of its Rover gold project.
Gold and base metals producer Metals X has been given an environmental tick for the Wingellina nickel project east of Warburton, although with prices close to their lowest level since the financial crisis a new development may be some way off yet.
Metals X looks set to succeed in its long-running battle for control of Aditya Birla Minerals, with the takeover target recommending shareholders accept an increased offer that values the company at about $103 million.
Local gold miners continue to prove there is still money to be made in Western Australia's resources playground, with Northern Star Resources, Metals X, Ramelius Resources and Saracen Mineral Holdings all closing higher on the ASX.
Metals X has once again stepped up its pursuit of Aditya Birla Minerals, announcing today that its off-market $68 million takeover offer is now unconditional, with a quarter of Aditya shareholders already accepting the offer.
Duncan Coutts has been appointed as the chief operating officer of Ramelius Resources. Mr Coutts is a mining engineer with experience in both open pit and underground mining in Western Australia.
The battle for control of Aditya Birla Minerals has intensified, with bidder Metals X extending its $68 million takeover offer to late February while accusing the target of lacking transparency around expenses.
Stockbroker Andrew Frazer is planning to keep together his 12-strong team in Perth and Sydney, after current backer GMP Securities announced a major restructuring of its international operations.
Metals X has waived a minimum acceptance condition on its $68 million takeover bid for Aditya Birla Minerals after lifting its holding in the copper miner to 18.24 per cent, less than previously di
SPECIAL REPORT: One of the few positives in a tough year for business was the gold sector, and at the forefront was Northern Star Resources, under the leadership of Bill Beament.
Southern Gold has cancelled plans to conduct a capital raising to offshore investors, while Norwest Energy amended the terms of its own raising just hours after it was announced to the market.
Silver Lake Resources is selling off its non-core assets in the Murchison region, with Metals X acquiring its Comet gold project and Musgrave Minerals agreeing to buy a large portion of its Cue project.
Wellard managing director Mauro Balzarini is planning to sell a 60 per cent stake in the livestock export business through an initial public offering (IPO) that will be one of Western Australia's largest.
Gold miner Metals X has reached commercial terms for the formation of a ‘big pit' near Kalgoorlie by combining its recently acquired Georges Reward project with Southern Gold's neighbouring Cannon mine.
Metals X's $82 million takeover offer for embattled copper miner Aditya Birla Minerals won't succeed after the target's largest shareholder said it wouldn't be accepting the offer.
Local explorer RNI has sold its shareholding in Metals X for $23.4 million to pay off all its debt and fund new drilling work on its copper tenements in the Bryah Basin.
Perth company Metals X has made a surprise takeover offer for embattled copper miner Aditya Birla Minerals, in a bid which values the target at about $86 million.
One week after a big spike in its share price, Northern Mining has finalised plans to buy a major stake in a China-based gold exploration firm for a cash and share package worth $7.25 million.
