Sure-footed East Pilbara gold developer, Calidus Resources has inked a farm-in deal to acquire up to 90 per cent of fresh ground, 20km east of its Blue Spec gold project, by spending up to $800k on exploration over six years. Calidus said the highly promising tenement is littered with soil geochemical anomalies and immediately east of a mineralised corridor identified by Novo Resources.
Four hundred Metals X employees and contractors have lost their jobs after the company halted operations at its Nifty Copper mine today, one day after another Pilbara miner Millennium Minerals entered into voluntary administration.
Millennium Minerals has announced it would update its production guidance in October following recent delays in open pit mining approvals and production at its Nullagine gold project.
Our weekly appointments wrap includes David Gainer, Andrew Hammond, Len Kosova, Phil Thick, Derek Hays, Warren Hallam, Dan Foo, Thomas Currin, Tim Roach, Richard Frankli
Millennium Minerals has appointed Warren Hallam as managing director, marking Mr Hallam's return as the leader of a junior miner since his short-lived stint at Capricorn Metals ended abruptly in March.
Millennium Minerals will take on more debt after revising production guidance at its Nullagine gold project to include increased costs and lower output.
Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.
Local gold producer Millennium Minerals says it is on course to hit the top end of its guidance for 2018 on the back of a strong second-half performance.
Regis Resources, Independence Group and Ramelius Resources have all provided production updates for their respective mining operations, while Millennium Minerals says it is on track to ramp-up its gold output by the end of 2018.
Millennium Minerals has secured a $17.5 million loan facility with Investec to fund an expansion of the company's Nullagine gold project in the Pilbara.
Junior miner Millennium Minerals could spend up to $46 million upgrading the processing infrastructure at its Nullagine gold operation to achieve a higher quality of output.
Local gold miner Millennium Minerals has found an internal candidate to replace outgoing chief executive Glenn Dovaston, who has resigned after two years at the helm.
SPECIAL REPORT: A record high Australian dollar price in June has provided a tailwind for the state's gold sector, and 2017 is looking to be a similarly positive year.
Millennium Minerals has kicked off a $21 million capital raising to pay off its debt and fund an ‘aggressive' exploration campaign at its Nullagine gold project in the Pilbara.
Shares in local gold miner Millennium Minerals closed 13.7 per cent higher today on news it had increased its projected gold production by 11 per cent while lowering costs.
Perth-based gold miner Millennium Minerals has negotiated $5 million in additional debt funding from its major shareholder IMC Group but the deal is dependent on Millennium's current bankers agreeing to reschedule debt repayments due at the end of this month.
The latest numbers from Western Australia's listed gold miners show they remain under pressure from rising costs and a falling global gold price, with some local producers concerned that changes to the state's royalty system might erode margins beyond break-even.
Shares in West Perth-based gold miner Millennium Minerals have soared after the company reported a maiden net profit following its first year of commercial production.
Mining and engineering contractors were the biggest losers today when the S&P Dow Jones rebalanced all of its Australian indices, with RCR Tomlinson one of the few to buck the trend.
Business News for Western Australia. Tuesday August 6. Jessica Taylor reports. RBA cuts cash rate to record low. Perth house prices fastest rising in Australia. Downer EDI records profit increase and more
Pilbara-focused gold miner Millennium Minerals has reported good news in a gloomy industry with a maiden profit of just over $34 million for the first half of calendar 2013.
Pilbara gold explorer Millennium Minerals has appointed Heritas Capital Management (Australia) chief portfolio manager John Morton as a non-executive director, following the resignation of Simon Du
Gold miner Millennium Minerals has received firm commitments for an $8.1 million capital raising to provide a working capital buffer as it ramps up to full production at Nullagine gold project in t
Wedgetail Mining Ltd is aiming to become a diversified molybdenum and gold company, by focusing its exploration efforts on the delineation of a molybdenum deposit in the East Pilbara region and changing its name to Millennium Minerals Ltd.
