West Perth-based Rolek Resources has launched a $5 million initial public offering, with the company planning a backdoor listing via Shaw River Manganese.
Panoramic Resources and Mincor Resources have announced plans to put their last operating mines on care and maintenance in response to the depressed nickel market, with Panoramic cutting 50 jobs today with more to follow at both companies.
West Perth-based Shaw River Manganese has become the third manganese miner to announce fallout from depressed ore prices, with the company entering voluntary administration this morning.
Shaw River Resources has launched a $25 million share placement to raise funds for the development of its manganese assets in the Pilbara, Namibia and Ghana.
Shaw River Resources is planning to raise $5 million via a share placement and share purchase plan to fund further exploration of its manganese tenements in the Pilbara and Ghana.
West Perth-based Shaw River Resources Ltd has picked up a majority interest in eight tenements that neighbour its Mt Minnie project in the Ashburton region of Western Australia.
West Perth-based Shaw River Resources Ltd will acquire the mineral rights to gold, base metals, nickel and platinum group elements on 14 Pilbara tenements owned by Atlas Iron Ltd in a scrip deal worth $1.5 million, the company has announced.
West Perth-based Atlas Iron Ltd will sell the non-iron mineral rights of its Abydos and Goldsworthy tenements to West Perth gold explorer Shaw River Resources Ltd for $1.5 million in scrip and the issue of 2.5 million options, the company has announced.
