After selling its Southern Cross gold operation last year, Chinese-owned Hanking Gold Mining has made a takeover proposal for Primary Gold worth $37.5 million.
The chief executive of medical cannabis company AusCann Group Holdings has received a boost to her salary package, which will net her about $360,000 in cash for FY17.
SPECIAL REPORT: Western Australian stockbrokers and companies raised nearly $1.1 billion in 104 transactions in the March quarter, with gold deals being a major driver of activity, according to new data compiled for the BNiQ Search Engine.
Primary Gold has promoted Garry Mills to the role of managing director, nearly a year after his predecessor resigned, with the company also foreshadowing a board-shake up in the coming months.
Belmont-based GR Engineering Services has been contracted to undertake a scoping study at Primary Gold's Mount Bundy project in the Northern Territory.
SPECIAL REPORT: Some of Western Australia's biggest gold miners plan to boost their exploration spend in the coming year, with Saracen Mineral Holdings and Northern Star Resources among those committed to putting increasing amounts ‘into the ground'.
Two Western Australian gold hopefuls, Intermin Resources and Primary Gold, have announced earn-in and drilling-for-equity deals, respectively, to progress potential gold projects.
Perth-based junior miners MOD Resources, Primary Gold and Alloy Resources have announced plans to raise a combined $10.4 million to fund ongoing work at their respective projects
Shares in local explorer Primary Gold closed nearly 40 per cent higher on news it had recruited three new board members, who also happen to be shareholders in the company.
Perth-based gold explorer Primary Gold will raise up to $2.4 million for its Toms Gully mine at the Mt Bundy gold project in the Northern Territory with its appointed lead manager Patersons Securities to underwrite up to $1 million to the rights issue.
Shares in Perth-based Hydrotech International Ltd have jumped 40 per cent on the stock landing its first commercial contract in the United Kingdom outside of the rail industry.
East Perth-based company Hydrotech International Ltd will work with China International Engineering Consulting Corporation to promote its Multi Pulse sequencing system in China, the company has announced.
