Sandfire Resources has announced it will go ahead with a $400 million development of its DeGrussa copper-gold project, on the strength of a "robust" pre-feasibility study.
Patersons Securities has retained top spot in WA Business News' annual survey of capital raisings, followed by Hartleys, Euroz Securities and Macquarie Capital Advisers.
Sandfire Resources has completed the retail component of its $103 million equity raising announced in November, with a total of $37 million raised from participating and eligible retail shareholders.
Sandfire Resources hopes to start mining at its DeGrussa copper-gold project near Meekatharra next year after the Department of Mines and Petroleum approved a mining lease for the project.
West Perth-based Sandfire Resources says it is on track to commence construction and development of the DeGrussa Copper-Gold Project near Meekatharra after announcing a significant resource upgrade.
Sandfire Resources has announced plans to raise $102 million via a rights issue and an institutional placement to underpin development and exploration of its DeGrussa copper-gold project near Meekatharra.
SOUTH Korean copper smelting giant LS-Nikko Copper will take a 12.5 per cent stake in minerals explorer Sandfire Resources via a $93.9 million share placement.
Korean copper smelting giant LS-Nikko Copper will take a 12.5 per cent stake in minerals explorer Sandfire Resources via a $93.9 million share placement.
Sandfire Resources has defied today's market trend to record a modest increase in its share price after announcing a substantial increase in the size of its DeGrussa copper deposit.
OZ Minerals' $100 million plunge on shares in Western Australian copper explorer Sandfire Resources has refocused attention on what is shaping as Australia's next great copper province.
Victorian based Oz Minerals has spent $100 million to acquire a 19 per cent stake in Sandfire Resources, whose share price rocketed on the discovery of a gold-copper deposit near Meekathara last year.
Sandfire Resources says it has raised $51.6 million through a share placement, more than the targeted amount, with funds to be applied to the Doolgunna copper-gold project in Western Australia.
Explorer Sandfire Resources has unveiled a $65 million capital raising to continue exploration and study efforts at its Doolgunna copper-gold project in Western Australia.
DISGRUNTLED native title holders have set up a protest camp near Sandfire Resources' Doolgunna copper discovery to force the explorer back to the negotiating table.
Resources veteran Miles Kennedy has tendered his resignation as non-executive chairman at Sandfire Resources which the company said is part of a planned restructure of its Board.
Shares in Sandfire Resources climbed higher today after exploration work pointed to a new discovery at its Doolgunna copper-gold project, 150 kilometres from Meekatharra.
Sandfire Resources has entered into an agreement with mining services and contracting company Mineral Resources regarding the exploration and development of manganese ore at its Borroloola Project in the Northern Territory.
Steel group Posco Australia has acquired a 19.99 per cent stake in West Perth based exploration company Sandfire Resources through a proposed share placement.
