The Bulls N' Bears ASX Runner of the Week is… Mount Ridley Mines, which unearthed a monster 24,584-tonne gallium resource from its WA clay rare earths project. Eden Innovations cashed in on AI data centre fever, Whitebark Energy breathed new life into its Warro gas behemoth with giant dry gas-zone revelations and Pivotal Metals pocketed $5.4m to drill Quebec's copper-nickel veins as the red metal hits record highs.
Our board moves wrap includes Joel Ives, Guy Robertson, Sue Murphy, Eve Howell, Kevin Small, Patrick Soh, Jessamyn Lyons, Karla Mallon, Andrew Palfreyman, Simon Brealey, and Laurence Roe.
Lynas Corporation and Galaxy Resources have suspended operations in response to tighter overseas government controls, while explorer Whitebark Energy has also felt the impacts of COVID-19.
Whitebark Energy has acquired full ownership of its Wizard Lake project, following a successful $5 million capital raising to consolidate and fast track the project's development.
Oil and gas explorer Whitebark Energy and uranium-focused Toro Energy are seeking to advance their respective projects with equity, with Whitebark completing a share placement and Toro launching a share purchase plan.
A sluggish approvals process for seismic work at the Xanadu prospect in the Perth Basin has led Whitebark Energy to sell its stake in the project in a $5 million deal, with the money to head to Canada instead.
Aspire Mining is pleased to announce that pre-commitments for the minimum $1.7 million dollar raising condition of the $15m Strategic Funding package have been received.
High Grade Metals is pleased to announce that on 26 February 2018 it completed the acquisition of the issued capital of Austrian Projects Corporation Pty Ltd (ACN 622 432 428).
Shares in three local energy companies have surged today after hitting hydrocarbons while drilling the Xanadu-1 offshore prospect in the Perth Basin, with Triangle Energy leading the charge, up nearly 60 per cent.
AWE has reported more positive drilling results at its half-owned Waitsia gas field near Dongara, which it has previously said could be the biggest onshore gas discovery in WA for 50 years.
Oil and gas explorer Transerv Energy is back looking for opportunities overseas after failing to achieve commercial success in Australia, announcing today a $4.9 million farm-in agreement over a producing operation in Canada.
A $52 million impairment has been taken by Alcoa World Alumina Corporation on its share of the Warro gas project in the Perth Basin, after the company determined exploration results by project operator Transerv Energy did not support the existing carrying value.
Shares in oil and gas explorer Transerv Energy tumbled today as managing director Stephen Keenihan announced his resignation in the wake of news yesterday that the company's proposal to acquire assets owned by Origin Energy had been terminated.
Transerv Energy will be upping its interest in the Perth Basin after it inked a farm-in and drilling agreement with Norwest Energy for the offshore Xanadu Prospect, and will buy a 4.7 per cent stake in the junior for $200,000.
Stewart Butel will retire as the managing director of Wesfarmers Resources at the end of July. Mr Butel has been associated with Wesfarmers since 2000.
Alumina giant Alcoa could be on the cusp of a strong growth period, yet significant challenges remain in its way in ensuring it can keep up with low-cost global competitors.
Transerv Energy shares were up 23.5 per cent this morning after promising results from its Warro-5ST well, which showed deeper gas than had previously been found in the Warro onshore tight gas field.
With science increasingly giving hydraulic stimulation, or ‘fracking', the thumbs up, the practice could be used to unlock enormous amounts of tight gas in WA.
Santos has called on the state government to provide more certainty on its domestic gas reservation and offsets policies, to encourage new investment in ‘domgas' supplies.
The entry of two European energy companies into WA will help to bolster activity in the onshore oil and gas sector, which is set for a pick-up after a series of disappointments.
Macro Energy will become the first Australian-listed company to enter the Bitcoin phenomenon under plans spearheaded by Perth SMS entrepreneur Zhenya Tsvetnenko.
Transerv Energy's largest shareholder Craig Burton has joined the board as executive chairman, following the resignation of Bill Bloking, who continues as a non-executive director and has just been
Perth-based oil and gas explorer Transerv Energy says it will raise $2 million through a share placement, with funds to boost the company's working capital and go towards new investment opportunities.
