Ramelius Resources has inched closer to taking over Musgrave Minerals after receiving acceptances of more than 91 per cent to move on a compulsory acquisition.
Our board moves wrap includes Darryl Clark, David Flanagan, Andrew Stewart, Jeff Dowling, Richard Willson, Nerida Schmidt, Peter Batten, Paul Brown, Stephen Hall, Park Wei, Kelly Ross, John Percival, Brett Lambert, Mark Zeptner, Tim Manners, Alan Thom, Richard Jones, and Deborah Ho.
Westgold Resources has exited the takeover contest for Musgrave Minerals after announcing it didn't intend to improve its $177 million merger proposal following Ramelius Resources' offer.
After sidestepping a merger proposal from Westgold Resources, Musgrave Minerals is on board with a competing cash and scrip offer from fellow Murchison resident Ramelius Resources.
Gold junior Musgrave Minerals has knocked back Westgold Resources' $177 million merger proposal, telling shareholders to reject what it has called an ‘opportunistic' offer from the mid-tier explorer and miner.
Westgold Resources has declared its intentions to make a $177 million scrip bid for gold junior Musgrave Minerals, with both companies occupying land in the busy Murchison gold province.
Meeka Metals has expanded the mineral resource at its Murchison gold project in outback WA to 1.2m ounces on the back of a 12 per cent increase to its Turnberry deposit in the historic gold-bearing region. The company is putting the finishing touches on a prefeasibility study with an eye to join several players mining in the region.
Our board moves wrap includes Jimmy Lim, John McKinney, Martin Buckingham, Attilenore Austria, Peter Hume, Pine van Wyk, Robert Martin, Michael Leu, Jess Oram, David Sproule, David Flanagan, Brett Lambert, and Greg Durack.
Gold has stood the test of time proving it to be a stand-out performer in 2020 following the onset of COVID-19. March saw the price of the yellow metal fall to US$1,486 per ounce before rising by a stunning 40 per cent to hit an all-time US$2,067 per ounce high in August. What does 2021 hold for gold?
Shares in Accelerate Resources were up by as much as 51 per cent today after the aspiring producer announced an exploration review of its Comet gold project.
Evolution Mining has agreed to spend $18 million on exploration over the next five years on West Perth-based Musgrave Minerals' Cue gold project in the Murchison region.
Calidus Resources is pleased to advise that it has successfully completed the 100% acquisition of the strategic tenement EL45/4555 with Epminex WA Pty Ltd covering an area of 19.2 square kilometres
Two local gold miners have announced equity investments in junior explorers today, with Resolute Mining investing $22.5 million in Canadian company Orca Gold while Westgold Resources has taken a 15 per cent stake in Musgrave Minerals.
Aspiring lithium miner Lepidico has attracted backing from Galaxy Resources as part of a $7 million capital raising, while Northern Minerals and Musgrave Resources have tapped their respective investors for a combined $7 million.
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.
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.
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.
Perth-based explorer Musgrave Minerals' share price has spiked up 40 per cent after releasing drilling results at the company's Deering Hills project in northern South Australia.
