Ramelius Resources has completed its $2.4 billion acquisition of Spartan Resources, putting a full-stop on the turnaround at the Dalgaranga mine owner and a step-change for its buyer.
As it moves closer towards a likely merger with goldminer Ramelius Resources, gold developer Spartan Resources has taken steps to further enhance its flagship asset.
Spartan Resources posted a half-year net loss of $44.4 million, up from $26.4 million during the prior corresponding period, courtesy of increased expenses.
Today's board move wrap includes George Bauk, Wayne Heili, Phil Thick, Leong Man Loong, Michael Povey, Michael Rosenstreich, Michael Bohm, Steven Zaninovich and Brendan Ryan.
Spartan Resources interim executive chair Simon Lawson says the company’s $220 million capital raise will ensure it remains on course for a potential positive FID at Dalgaranga next year.
Spartan Resources will tap the market for as much as $220 million, fresh off an upgrade to the mineral resource at its Dalgaranga project in the Murchison region.
Spartan Resources has taken a significant step to getting the Dalgaranga goldmine running, ticking all regulatory boxes needed to develop underground and upgrade processing equipment.
Spartan Resources has announced plans to divest two of its non-core gold projects in Western Australia to Canada-based Benz Mining for up to $15.6 million.
Today's board moves wrap includes Mark Hine, Rowan Johnston, Simon Lawson, Dominic Virgara, Jack Fazio, Tony Lennon, Greg Wall, Melissa Holzberger, Peter Bird and Benjamin Donovan.
Ramelius Resources boss Mark Zeptner says he has moved on from the Westgold-Karora takeover saga but remains unhappy with the way the Takeovers Panel handled the situation.
Spartan Resources shares soared 20 per cent off a new mineral resource at its Dalgaranga gold project, weeks after Ramelius Resources unveiled a 17.9 per cent stake in the company.
Ramelius Resources has emerged with a strategic 8.9 per cent stake in fellow Murchison gold play Spartan Resources but says it does not currently plan to take over the company.
Newly installed Red 5 boss Luke Tonkin and Spartan Resources counterpart Simon Lawson have both elected to sell off shares, amid a busy month for their respective companies.
Spartan Resources has announced it will raise $80 million to further accelerate exploration activities and development of its Dalgaranga gold project, located 475km north-east of Perth.
Spartan Resources has received firm commitments to raise $25 million through an institutional placement to expand exploration at its Dalgaranga gold project.
Gascoyne Resources has suspended mining at its Murchison flagship and will begin demobilising its workforce after succumbing to ballooning costs and labour shortages.
Gascoyne Resources is set to extend the life of its Dalgaranga operations near Mt Magnet through an all-scrip purchase of Firefly Resources, whose assets include a nearby gold project.
Marindi Metals has agreed to sell its Bellary Dome conglomerate gold project in the Pilbara to Canada-listed Pacton Gold in a cash-and-scrip deal worth up to $11 million.
