West Perth-based Tanami Gold NL will raise $33 million through a placement to fund work on its Coyote Gold Project, including an accommodation village and new drill programs.
West Perth-based Tanami Gold NL aims to raise up to $20 million through a placement, with funds to be used on development of its Coyote Gold project, the company announced today.
A proposed merger between Monarch Gold Mining Company Ltd and Tanami Gold NL will not go ahead, after the two companies ceased further discussions this morning.
West Perth-based minerals explorer Tanami Gold NL's 100 per cent-owned Coyote Gold Mine, located in the Tanami-Arunta Province of Central Australia, has been officially opened today.
Tanami Gold NL has announced a $20 million share placement, to be undertaken in two tranches, to help drive its imminent transition to gold production at its 100 per cent owned Coyote gold mine in the Western Tanami region of WA.
West Perth-based Tanami Gold NL has given the go-ahead to its Coyote Gold Project, with board approval the $9 million stage one development with initial target production of 50,000 ounces per year.
One of the world's largest gold producers has gained a significant foothold in the Tanami-Arunta province, near the border between WA and the Northern Territory.
