Listed contractor Perenti's underground mining division Barminco has secured a $300 million contract from Ramelius Resources at its newly acquired Dalgaranga gold asset.
Goldminers are increasing the scale and size of their operations amid a record price environment fuelled by geopolitical tensions and economic uncertainty.
Ramelius Resources has completed its $2.4 billion acquisition of Spartan Resources, putting a full-stop on the turnaround at the Dalgaranga mine owner and a step-change for its buyer.
As it moves closer towards a likely merger with goldminer Ramelius Resources, gold developer Spartan Resources has taken steps to further enhance its flagship asset.
Stocks in Western Australian gold producers are rallying as the price for the precious metal holds strong above $US3,000 per ounce amid a flurry of M&A activity.
Goldminer Ramelius Resources has made a long-rumoured $2.4 billion move for developer Spartan Resources, with a vision to create a 500,000-ounce gold producer by 2030.
Embattled miner Mineral Resources will drop out of a key ASX index tracking the 50 biggest companies on the market, as its share price battles continue.
Spartan Resources posted a half-year net loss of $44.4 million, up from $26.4 million during the prior corresponding period, courtesy of increased expenses.
Gold Road Resources has reported a 27 per cent quarter-on-quarter hike in the value of its listed investments but remains tight-lipped on whether it will make a move for De Grey Mining.
Goldminer Catalyst Metals has cleared $36 million worth of inherited debt, riding the wave of gold price momentum which has led to a flurry of activity in the sector this week.
Spartan Resources interim executive chair Simon Lawson says the company’s $220 million capital raise will ensure it remains on course for a potential positive FID at Dalgaranga next year.
Spartan Resources will tap the market for as much as $220 million, fresh off an upgrade to the mineral resource at its Dalgaranga project in the Murchison region.
Spartan Resources has taken a significant step to getting the Dalgaranga goldmine running, ticking all regulatory boxes needed to develop underground and upgrade processing equipment.
Spartan Resources has announced plans to divest two of its non-core gold projects in Western Australia to Canada-based Benz Mining for up to $15.6 million.
Javelin Minerals has picked up the historic Eureka open pit north of Kalgoorlie where it is seeking to prove up a theory that more golden riches may be lurking nearby. The move follows the spectacular success of Spectrum Metals and Spartan Resources. Both found multi-million dollar gold deposits about 300m north of their mothballed open pits and Javelin already has some intriguing drill holes about 300m north of Eureka suggesting there is more gold out there.
Javelin Minerals' reinterpretation of data from its Coogee project in Western Australia's Goldfields region has thrown up a tantalising exploration theory that it is now primed to test with the drill bit. The company plans to determine if a magnetic anomaly lurking just 300m from an old open pit at the site is a potential repetition of the historic lode.
Remarks by Wayne Bramwell to Business News this time last year have proved somewhat prophetic, considering recent events in the Western Australian gold sector.
Ramelius Resources boss Mark Zeptner says he has moved on from the Westgold-Karora takeover saga but remains unhappy with the way the Takeovers Panel handled the situation.
The combined value of Western Australia's listed companies fell to $349.7 billion last financial year, propped up by the resurgent performance of the state's gold sector.
Ramelius Resources hopes to continue the momentum of a record year for gold production but has opted against a $300 million investment to prolong the life of its Edna May goldmine.
Spartan Resources shares soared 20 per cent off a new mineral resource at its Dalgaranga gold project, weeks after Ramelius Resources unveiled a 17.9 per cent stake in the company.
In this week's edition of Bulls N' Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including Encounter Resources' 46m at 3.1 per cent niobium pentoxide from 60m to hole end at 106m. We also take a close look at other interesting drill hits from last week as reported by Future Battery Minerals, Riversgold and Spartan Resources.
Red 5, Ramelius Resources and Regis Resources have each unveiled major milestones ahead of company reporting season, as bumper gold prices drive records.
Ramelius Resources has emerged with a strategic 8.9 per cent stake in fellow Murchison gold play Spartan Resources but says it does not currently plan to take over the company.
Newly installed Red 5 boss Luke Tonkin and Spartan Resources counterpart Simon Lawson have both elected to sell off shares, amid a busy month for their respective companies.
In this week's edition of Bulls N' Bears Big Hits, we examine some of the more curious drill intersections revealed on the ASX, including Culpeo Minerals' biggest-ever run of 298m at 0.98 per cent copper equivalent from 90m downhole. We also take a close look at other notable drill hits last week from Wildcat Resources, Spartan Resources and Terra Metals.
Spartan Resources has announced it will raise $80 million to further accelerate exploration activities and development of its Dalgaranga gold project, located 475km north-east of Perth.
Our board moves wrap includes Rajen Manicka, Kwok Kin Lai, David Ward, Alessandra Gauvin , David Joyce, Adrienne Parker, Mark Potts, Deanna Carpenter, and John Hodder.
Spartan Resources has received firm commitments to raise $25 million through an institutional placement to expand exploration at its Dalgaranga gold project.
Our board moves wrap includes Les Guthrie, Matthew Goldfinch, Michael Kenyon, Mark Scatena, Michael Wedgwood, Russell Hardwick, David Coyne, Simon Gray, and Peter Hatfull.
