ASX-listed De Grey Mining has received a series of credit approved term sheets from domestic and international banks, as it pushes towards developing its Hemi gold project in the Pilbara.
Triton Minerals has secured a $19.5 million investment from China-based company Jinan Hi-tech, which it said would be used to start early construction works at its Ancuabe graphite project in Mozambique.
Graphite aspirant Triton Minerals has tapped investors for $4 million, led by major shareholder Shandong Tianye Mining, as the company progresses its Ancuabe project in Mozambique.
Three local junior explorers have raised more than $21 million, with Draig Resources and Triton Minerals boosting their coffers while the Charlie Bass-led Eagle Mountain Mining has commenced trading on the ASX after raising $8 million via an initial public offering.
SPECIAL REPORT: Activity in Western Australia's graphite sector is continuing apace, with local hopefuls seeking to raise more than $70 million this quarter, an amount similar to that raised for the entire financial year just past.
Recently revived Triton Minerals has made stellar gains on its return to the ASX today, after raising $14.1 million and exiting voluntary administration with a new board and management team.
Peter Canterbury has resigned as the chief executive officer and executive director of Bauxite Resources. The board has appointed Sam Middlemas as the new chief executive officer.
A joint venture between Bauxite Resources and Chinese conglomerate Yankuang Resources has withdrawn its application to the Environmental Protection Authority to secure approvals for a controversial bauxite mining project in the Darling Range.
