News Articles for Joe Treacy

Marindi Metals has signed a memorandum of understanding entitling a government-owned Japanese group to earn a 70 per cent stake in the company's Caranbirini zinc project in the Northern Territory.

A battle for control of the Earl Grey lithium deposit near Southern Cross between junior miners Kidman Resources and Marindi Metals will get under way in the Supreme Court today, with the trial expected to conclude within three to five days.

Lithium exploration at Forrestania, north of Ravensthorpe, will be a priority for Marindi Metals after the company completed a capital raising worth nearly $3.2 million.

Perth-based Rox Resources accepted a revised offer from Marindi Metals for its stake in the Reward zinc-lead project in the Northern Territory, with the new cash-and-scrip deal worth $21 million.

Two well-known mining industry executives will assume control of ASX-listed Brumby Resources in a merger they hope will establish the new company as a producer in the medium term.

Shares in Mungana Gold Mines rose by more than 25 per cent after the company announced it would move ahead with its North Queensland zinc strategy, following shareholder support for the $15 million acquisition of the Chilagoe base metal assets from the liquidators of Kagara, originally announced in December last year.

The mining and property booms have created unprecedented wealth in Western Australia. WA Business News looks at the individuals leading the charge.