News Articles for Mincor Resources

Wyloo chief executive Luca Giacovazzi is targeting multibillion-dollar opportunities as an investor and mine manager.

St George Mining has delivered what it says are “groundbreaking” clay-hosted rare earths grading up to a huge 5125ppm TREO in the company's first drilling foray into its Destiny project in Western Australia's Goldfields region. Highlights from the company's maiden 61-hole AC program at Destiny include 30m at 1885ppm TREO and 399ppm magnetic rare earth oxides (MREO) from 20m.

Experienced mining boss Gabrielle Iwanow will head Perenti's contract mining division after exiting her role as managing director of Mincor Resources.

St George Mining has jumped into a new critical minerals exploration program for lithium, rare earths and copper at its district-scale Woolgangie project within the fertile Coolgardie Mineral Field in Western Australia. The site sits adjacent to operating lithium mines and where historical drilling previously identified rare earths and copper anomalism. It will be the company's first drilling program at Woolgangie.

Auric Mining has started milling the second ore parcel from its 100 per cent-owned Jeffreys Find mine near Norseman and expects the first cash to land in the till next month – at a serendipitous time of strong gold prices. The company says the 145,000 tonnes of ore will take about seven weeks to process, with 52,000 tonnes already delivered to the Greenfields Mill in Coolgardie.

Budding gold producer Auric Mining has delivered the first five gold doré bars from its Jeffreys Find gold project near Norseman in WA to the Perth Mint for further refining. The company has also packaged a 36,000-tonne ore parcel for delivery to the Greenfields Mill in Coolgardie for toll treatment, which is expected to be completed in the coming week.

Our board moves wrap includes John Hartman, Luca Giacovazzi, Brett Lambert, Michael Bohm, and Matthew Hogan.

Wyloo Metals has secured the shareholder support it needs to take over nickel player Mincor Resources, in what could prove a key deal for Andrew Forrest's downstream processing ambitions.

Mincor Resources is seeking a waiver from major customer BHP after failing to meet terms under a purchasing agreement, with discussions likely to continue through to next week.

Takeover target Mincor Resources could be delisted from the ASX if Wyloo Metals does not achieve the 90 per cent stake needed for a compulsory acquisition.

Wyloo Metals has gained control of Mincor Resources after the Andrew Forrest-led company secured majority voting power.

BHP has delivered record iron ore production for a March quarter but will cut guidance for Nickel West, blaming bad weather and off-specification product from supplier Mincor Resources.

Mincor Resources has told investors to accept a $760 million cash offer on the table from Andrew Forrest's Wyloo Metals in the absence of a superior proposal.

Andrew Forrest's Wyloo Metals has capped its offer on the table for Mincor Resources claiming it was unaware of product discrepancies between the target and major customer BHP.

Mark Pownall and Mark Beyer discuss WA's booming critical minerals sector, plus the latest on Qantas and Activ Foundation.

Matt Mckenzie and Jordan Murray discuss whether the impact of stimulus in homebuilding was foreseeable.

Takeover target Mincor Resources has withdrawn its full-year nickel production guidance after customer BHP refused to alter its contract to accept lower quality ore.

Andrew Forrest's Wyloo Metals has lobbed a $760 million cash takeover for restarting nickel player Mincor Resources, using the target's ailing share price in a bid to sway investors.

Education has a role in improving perceptions of careers in mining and oil and gas.

Mincor Resources is on track to receive $55 million to advance development at its nickel operations.

Shares in West Perth-based Cygnus Gold rallied after the company revealed former Mincor boss David Southam would become the explorer's new managing director in 2023.

Our board moves wrap includes Gabrielle Iwanow, David Southam, and Brett Lambert.

Mincor Resources has appointed senior mining executive Gabrielle Iwanow as the company's new chief executive after David Southam's decision to step down.

Mincor Resources is expecting first cash-flow from its Kambalda nickel operations restart in the June quarter after firming up the details of an offtake agreement with BHP Nickel West.

Mincor Resources' ambitions to resume nickel production by the June quarter have progressed after delivering its first nickel ore to BHP Nickel West's Kambalda concentrator.

Fallout from WA's strained labour market has delayed the start of an offtake agreement between BHP Nickel West and Mincor Resources, setting back first production by three months.

Mincor Resources has secured funds to build an accommodation camp for its proposed Cassini nickel operation near Kambalda.

Neometals has revealed plans to demerge its Mt Edwards nickel asset in Western Australia, a move that will allow the company to focus on its core battery materials projects.

Neometals has delivered significant increases in contained nickel resources at its Mt Edwards project near Kambalda in WA. A bumper 51 per cent jump at the 26N deposit and 45 per cent lift for the McEwen deposits have contributed to a hike in global resources at the former mine to 162,510 contained nickel tonnes grading at an average 1.6 per cent.

Mincor Resources' Cassini nickel mine was officially opened today ahead of the planned start of production, with the main decline named after the late Roy Woodall.

Mincor Resources has secured $55 million in funding from two banks to progress the restart of its Kambalda nickel operations, expected early next year.

Andrew Forrest-backed Mincor Resources has approved the development of its nickel operations in Western Australia's Kambalda region, identifying first production from December next year.

IGO has backed a $60 million capital raising by nickel producer Mincor Resources, which is planning to restart its Western Australian operations later in the year.

Emeco Holdings' recently acquired subsidiary Pit N Portal has secured two contracts with Mincor Resources for work on its nickel operations in Western Australia.

Neometals has tabled some interesting pathfinder results from a significant air core drilling campaign across its Mt Edwards nickel project near Widgemooltha in WA. The program was designed to vector in on potential sulphide mineralisation across five of the company's mining tenements and two broad target areas. Significant intercepts include 7m grading 0.63% nickel from 47m and 13m grading 0.46% nickel from 6m down hole.

Kalgoorlie-based Hampton Mining and Civil Services has secured an early works contract for Mincor Resources' Cassini nickel project in Western Australia's Kambalda district.

Mincor Resources has reported a surge of demand for the company's stock, with a $5 million share purchase plan closing early and oversubscribed, while Titan Minerals has secured $3.5 million for its Peruvian exploration operations.

Our board moves wrap includes Mark Syropoulo, Cathy Moises, Kate Stoney, Bradley Marwood, Peter Bewick, Henko Vos, Abby Siew, Grant Mooney, Les Davis, Doron Nevo, Michael Soucik, Dan Smith, Swee Chen Goh, Osagie Imasogie, Lisa Gray, Oludare Odumosu, Harry Karelis, Mara Gordon, and Stewart Washer.

Perth-based Mincor Resources has received commitments to raise $30 million through a placement, backed by major shareholders Andrew Forrest and Independence Group, and is looking to raise a further $5 million through a share purchase plan.

Eagle Mountain Mining has completed an entitlement offer raising $1.7 million.