News Articles for Torrens Mining

Coda Minerals has extended the central bornite zone of the Emmie iron oxide-copper-gold deposit within its Elizabeth Creek copper project in South Australia's Gawler Craton. The explorer says recent drilling has intersected significant widths of bornite and chalcopyrite mineralisation. Importantly, the results materially extend the bornite zone discovered 100m to the southeast and support the potential for further mineralisation to the south.

Coda Minerals' off-market takeover of its joint venture partner Torrens Mining has been declared "unconditional", with Torrens shareholders to pocket 0.23 Coda shares for each Torrens unit held.

180 pages of bidder's and target's statements are on the way out to Torrens Mining and Coda Minerals shareholders as the two companies try to bring the exciting Elizabeth Creek copper cobalt project in South Australia under one roof in a $23 million merger proposal. The Emmie Bluff discovery is amongst the largest known sediment-hosted copper deposits in Australia.

The board of Torrens Mining has recommended the acceptance of a $23 million offer to merge with Coda Minerals, its partner in the Elizabeth Creek copper project in SA. The deal is now subject to the approval of the company's shareholders. Coda is offering 0.23 shares to every Torrens shareholder to consolidate ownership of the project under one roof.

Local business Coda Minerals is raising $14.4 million to accelerate an exploration program at the company's majority owned Elizabeth Creek copper project in South Australia.

Gold sector listings are pumping millions of dollars into WA's mining industry.

Perth-based Torrens Mining has listed on the stock market after raising $10 million from its IPO, with its share price closing up nearly 50 per cent.