Kalium Lakes has recruited Cheryl Edwardes as its new non-executive director and chairperson as part of a ‘concerted focus on board renewal' and pursuit to get its potash flagship back on track.
Investors in potash company Kalium Lakes have welcomed news that sulphate of potash processing has resumed at its lead project after a series of delays.
Kalium Lakes has copped a 50 per cent haircut on its share price to raise $22 million in much-needed capital for its Beyondie sulphate of potash project.
Shares in potash hopeful Kalium Lakes were down almost 16 per cent after the company flagged likely short-term production and technical issues at the Beyondie project.
Aspiring uranium miner Bannerman Resources chief executive and managing director Len Jubber has resigned after seven years at the helm, with his shoes to be filled with former general manager Brandon Munro.
An optimisation study on Bannerman Resources' Etango uranium project has found a 9 per cent reduction in pre-production capital costs to $US793 million ($A1.1 billion).
Bannerman Resources has appointed Len Jubber as its chief executive and secured a convertible note facility for up to $20 million with Resource Capital Funds.
Perth-based Perilya Ltd and Sydney-based CBH Resources Ltd have announced a $489 million merger deal to form a globally significant producer of lead and zinc.
