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At least $1.6 billion of equity has been raised by WA-linked critical minerals hopefuls in the past five years, but achieving consistent returns is another battle.
Triton Minerals has secured a $19.5 million investment from China-based company Jinan Hi-tech, which it said would be used to start early construction works at its Ancuabe graphite project in Mozambique.
Graphite aspirant Triton Minerals has tapped investors for $4 million, led by major shareholder Shandong Tianye Mining, as the company progresses its Ancuabe project in Mozambique.
Emerging Western Australian nickel company St George Mining is pleased to announce it has successfully raised $4.0 million from institutional and sophisticated investors via a placement at an issue
Three local junior explorers have raised more than $21 million, with Draig Resources and Triton Minerals boosting their coffers while the Charlie Bass-led Eagle Mountain Mining has commenced trading on the ASX after raising $8 million via an initial public offering.
Black Mountain Resources Limited is pleased to update shareholders on the following restructure initiatives that have been agreed to by the Company and its major lender, Richmond Partners Masters L
Overland Resources Limited is pleased to advise that it has executed a Sale and Purchase Agreement with Peter Gianni to acquire a 100% interest in Exploration Licence Application 53/1971 for a tota
SPECIAL REPORT: Activity in Western Australia's graphite sector is continuing apace, with local hopefuls seeking to raise more than $70 million this quarter, an amount similar to that raised for the entire financial year just past.
Peel Mining has announced completion of a $6 million share placement to fund work on its zinc-lead project while Triton Minerals has launched an entitlement offer for the same amount.
Six local resources companies have announced capital raisings of around $26 million for projects including in lithium and rare earths, with one of the businesses, Okapi Resources, planning to join the ASX bourse.
Graphite players have posted strong share price gains in the past 12 months and raised $66 million between them, but they are struggling to kick off production of the mineral.
Recently revived Triton Minerals has made stellar gains on its return to the ASX today, after raising $14.1 million and exiting voluntary administration with a new board and management team.
Former Calibre Group boss Rodney Baxter has been named chairman of mineral sands miner MZI Resources, following Malcolm Randall's retirement from the role today.
Triton Minerals is set to get a second chance after administrators Ferrier Hodgson released control of the business to a private gold company and a corporate finance firm, which will raise a combined $14.1 million and relist the graphite explorer on the ASX.
Subiaco-based Triton Minerals has been placed into voluntary administration, only two days after the graphite explorer's recently appointed chief executive Garth Higgo said it was well poised to advance its projects toward production.
Perth based Triton Minerals have indicated they will focus on getting their Ancuabe prospect in Mozambique into early stage high grade production this year. The company says that 72% of flakes discovered at Ancuabe are greater than 300 microns in size and that 43% are greater than 500 microns, at grades of more than 98% Total Graphitic Carbon.
Ardiden has appointed Bradley Boyle as executive director and Michael Stares as general manager – Canadian operations. Mr Boyle was formerly a managing director of Triton Minerals.
Perth based Triton Minerals have hit a 31m drill intersection grading over 10% total graphitic carbon content (TGC) at its world class Nicanda West graphite play in Mozambique. Preliminary test work at Triton's Ancuabe project has also returned some of the highest quality jumbo and super jumbo flake graphite in the world with over 73% of flake exceeding 300 microns and 43% exceeding 500 microns.
Yan Lui has resigned from his positions of chief executive officer and Trinidad general manager at Range Resources. Mr Liu will remain on the board of director as a non-executive director.
Newly minted Triton Minerals M.D Garth Higgo has wasted no time in placing his stamp on the company with the appointment of a new Chief Operating Officer, a new Chief Financial Officer and a new Non Executive Director. Mr Higgo was himself only appointed as Chief Executive Officer in December and was previously the Global Director of Mining for Aurecon Group and Calibre Global.
Stockbroker Andrew Frazer is planning to keep together his 12-strong team in Perth and Sydney, after current backer GMP Securities announced a major restructuring of its international operations.
Perth based owner of the worlds largest flake graphite deposit, Triton Minerals is looking forward to a solid 6 months of news flow as they aim to complete their DFS on the Balama North project by mid year and produce a maiden graphite resource for the Ancuabe project sometime this quarter. Both projects are in Mozambique.
Graphite players have had a soft 18 months, although some WA companies are developing new production techniques that might give them a leg up in the industry.
Local companies Triton Minerals, General Mining Corporation and Orinoco Gold have announced plans to raise a combined $24.6 million to fund ongoing work at their respective projects.
Perth based Triton Minerals have discovered another source of jumbo flake graphite at a new prospect known as “T12” within the Ancuabe graphite project in the east of Mozambique.
Graphite industry mover and shaker Triton Minerals continues to add impressive numbers to its Balama North project in Mozambique with a 197.5m strike at a new prospect known as Nicanda West.