The Bulls N' Bears ASX Runner of the Week is… antimicrobial waste warrior Zoono Group, which peaked 280 per cent higher after inking a deal with Africa's biggest packaging giant for its shelf-life extender. ReNerve announced its regenerative nerve-cuff had been green-lit across the US DoD's military hospitals and veteran wards driving its stock price skywards while Stealth Group shares also shone after the company bolted on a $22m hardware buying empire to create a Bunnings-busting wholesale beast. And copper-gold explorer Havilah Resources locked in a $240m deal with Sandfire to fast-track its Kalkaroo monster into production.
Listed copper play Sandfire Resources has returned to the Australian mining scene with a $240 million deal with Havilah Resources, sending the latter's share price soaring almost 50 per cent.
West Perth-based Sandfire Resources has filed documents to sell its Old Highway gold project to Catalyst Metals for a total cash consideration package of $32.5 million.
Aguia Resources has reinterpreted its high-grade, polymetallic gold-copper-silver-zinc El Dovio play in Colombia as an orogenic lode gold-silver style of mineralisation that was followed later by copper and zinc. The company's new designation contrasts sharply with its previous casting as a volcanogenic-hosted massive sulphide (VMS/VHMS) deposit and indicates that the base metal component results from emplacement during later tectonic processes.
Meeka Metals has slotted in the final piece of the approvals puzzle from the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS), allowing it to launch full-scale development of its Murchison gold project in Western Australia. With the green light now shining brightly, Meeka has quickly moved from planning to construction and is targeting its first gold pour by July next year.
Meeka Metals has filled its pockets to the tune of nearly $360,000, after it was awarded a research-and-development Federal Government rebate for rare earths works undertaken at its Circle Valley project near Esperance in Western Australia. The company qualified for the rebate through its metallurgical studies, experimental set-up and leaching of clay-hosted rare earths from the Circle Valley operation.
Meeka Metals has appointed top-gun mine site executive Matthew O'Hara to lead the construction phase for its 100 per cent-owned flagship Murchison gold project in Western Australia's Mid West region. The company has today confirmed that funding is imminent, site environmental permits have been secured and a bigger-than-planned ball mill will be delivered by September, bringing the project another step closer to production.
Business News has significantly overhauled the BN30 index, a proxy for the WA economy, with seven new additions, prompted by the exit of takeover targets MMA Offshore, APM and Decmil.
Meeka Metals has invested in a total camp and infrastructure package to accelerate the development of its flagship Murchison gold project in Western Australia – and at just 20 per cent of the cost predicted in its recent definitive feasibility study. The shopping cart includes camp accommodation, ablution blocks and offices for the Andy Well and Turnberry mining centres and a 110-kilolitre fuel storage tank.
Ignorance led to the destruction of Aboriginal cultural sites on a remote WA mine site, but an investigation has cleared the miner responsible of any malicious conduct.
Sandfire Resources will begin auctioning off assets at its DeGrussa mine this week, with sales to help pay down its $30 million rehabilitation bill for the mothballed copper operation.
Sandfire Resources has recorded a loss after tax of $US53.9 million, equivalent to $82.1 million, with the $US1.9 billion acquisition of the Matsa mine cited as the primary reason.
Sandfire Resources has struck a deal to work with Traditional Owners at its WA mine, weeks after admitting it failed to disclose the destruction of heritage sites at the project more than five years ago.
Traditional owners of two Mid West cultural sites, which were destroyed and not reported for five years by a copper miner, have welcomed Roger Cook's intervention.
The boss of a WA copper miner in hot water for failing to come clean about destroying Aboriginal artefact sites for five years has spoken up after confirming the failure to the ASX.
A WA copper miner has drawn the ire of traditional owners for failing to disclose the destruction of two heritage sites to authorities more than five years ago.
Sandfire Resources has been fined half a million dollars over a rock fall incident that left one of its operators “lucky to be alive” at the DeGrussa underground copper mine.
Our board moves wrap includes Andrew Kent, Chris Ellison, Joshua Thurlow, David Flanagan, James Croser, Michael Spreadborough, Cameron Dowling, Amanda van Dyke, Michael Bourguignon, Loren King, Colin Loosemore, Steven Tombs, and Paul Harvey.
Mining services group Perenti has secured a $360 million contract extension with its major client Sandfire Resources for work on the Motheo copper mine in Botswana.
Everest Metals believes it is hot on the trail of another DeGrussa-style deposit as it launches a new campaign of three deep diamond holes for 1000m of drilling at its Revere project in Western Australia's Murchison region. The program will follow up highly-encouraging geological indications and geophysical targets from its recent phase-one deep diamond drilling work at the volcanic-hosted massive sulphide play.
Everest Metals' stock jumped 50 per cent after it revealed that three deep diamond holes drilled to follow up newly-imaged targets at its Revere gold project suggested 8.5km of continuous mineralisation up to 5.7 per cent copper and 4.2 per cent zinc. The company says initial XRF results and logging indicate a mineralised system similar to Sandfire Resources' world-class DeGrussa copper–gold mine.
Everest Metals has completed a swag of deals to formally acquire 51 per cent of the Mt Edon lithium project and the Revere gold project. The package includes joint ventures across both projects with the privately-owned Entelechy Resources, along with farm-in deals and royalty agreements. The arrangements allow Everest to move towards 100 per cent ownership.
Everest Metals has achieved exceptional gold recoveries from independent gravity separation test work from its Revere gold project 90km northeast of Meekatharra. Coarse gold hand-picked from the 305 g/t gold bulk quartz vein sample accounted for 47 per cent of the recovered gold and gravity separation recovered 97 per cent of the remaining gold. The company is now planning further bulk testing and resource drilling.
Sandfire Resources has recorded a $27.1 million loss after inflationary pressures, higher energy prices and the acquisition of a project in Spain impacted the global miner's first-half results.
Everest Metals Corporation has hailed a new agreement to earn up to 100 per cent in the advanced Revere gold project north-east of Meekatharra in WA as a transformational opportunity for the company. Everest, formally known as Twenty Seven Co pointed to the zone's historical production, significant gold-copper potential and clear runway to establishing a JORC compliant resource as key merits in the acquisition.
Our board moves wrap includes David Greenwood, Johnathon Busing, Nicholas Poll, Davide Bosio, Dean Tuck, Roger Higgins, George McKenzie, Linda Hale, Rodney Skeet, Alicja Karpinski, Fiona Harris, Sophie Raven, and Matthew Fitzgerald.
Copper producer Sandfire Resources is undertaking a $200 million capital raise to improve its financial flexibility, including repaying an outstanding debt of $50 million.
Sandfire Resources has found a new chief executive in South32's Chief Human Resources and Commercial Officer Brendan Harris, who will move to the copper mid-tier in April 2023.
