St Barbara's board has told shareholders there is no material improvement in Silver Lake Resources' latest proposal to buy Gwalia and can't see a realistic pathway that it could become superior.
Silver Lake Resources has made another move to buy St Barbara's Gwalia operations, although the companies seemingly differ on whether it constitutes a new proposal.
St Barbara chair Kerry Gleeson has lambasted Silver Lake for demanding what she has called ‘a disruptive and unrealistic two-week due diligence exercise'.
Australian Strategic Materials is on track to raise $30 million from investors to via a share placement to advance its Dubbo rare earths project in NSW.
Former Gindalbie Metals managing director Tim Netscher is set to take the helm of gold miner St Barbara, when Colin Wise retires from the role as non-executive chairman next month.