Gold-focused Capricorn Metals has increased its footprint in Western Australia's Murchison region, following news of its acquisition of the Ninghan gold project.
Ted Jacobson has retired as director of Carnarvon Petroleum. Mr Jacobson was managing director of Carnarvon Petroleum in 2005 and appointed non-executive director in 2012.
Leaner times in the junior mining and exploration sector have resulted in widespread cuts to chief executive pay, but the restraint has not been shared equally across the sector, with some actually lifting salaries.
Red Mountain Mining has withdrawn its $1.4 million rights issue after underwriter Patersons Securities terminated the agreement, as the company's share price closed lower than the offer price of 0.8 cents for three days.
Red Mountain Mining expects to complete by the end of the year a definitive feasibility study at its Batangas gold project in the Philippines after appointing Como Engineers to undertake the initiative.
Shares in West Perth-based explorer Red Mountain Mining are trading higher after the company released a scoping study confirming low capital costs at its Batangas gold project in the Philippines.
SPECIAL REPORT: Tight debt and equity environments have led many junior mining and exploration firms to seek alternative arrangements to finance their operations.
Shares in West Perth-based explorer Red Mountain Mining have soared on the back of another high-grade gold discovery at its Batangas project in the Philippines.
Red Mountain Mining says it is keen to fast-track development at its Batangas gold project in the Philippines after encountering an exceptionally high-grade gold lode of about 1 ounce per tonne.
Neil Warburton has stepped back from his role as executive chairman to a non-executive position, following Jon Dugdale's confirmation as managing director.
