Emerald Resources has announced plans to raise $75 million to fund its Cambodia-based Okvau gold project, via two placements of 1.9 billion new shares.
Local gold and lithium explorer Berkut Minerals has enjoyed steady gains on its first day of trading on the ASX after completing a $3.5 million initial public offering.
Two local gold hopefuls with interests in a Cambodian project have announced a merger, with Emerald Resources to buy Renaissance Minerals in a deal valued at about $40 million.
The gold sector has continued to be positive for investors and stockbrokers, with a $12.5 million capital raising announced today by West African Resources adding to more than $150 million worth of deals launched by Western Australian companies this year.
Former oil and gas explorer Emerald Resources has confirmed plans to transition to the gold sector, announcing today a joint venture deal to earn-in to Renaissance Minerals' Cambodian gold project.
Perth-based gold miner Renaissance Minerals has announced a revised royalty deal with OZ Minerals that will remove the requirement for Renaissance to pay $22.5 million in milestone payments associated with its Cambodian gold project.
Gold and mineral explorer Renaissance Minerals has completed a $6 million equity placement to fund acceleration of exploration and drilling activity at its fully owned Cambodian gold project.
Mel Ashton has resigned from the board of Renaissance Minerals, following Gryphon Minerals' sell-off of its stake in the Cambodia-focused gold explorer to predominantly existing North American and
