Gold producer Ramelius Resources is anticipating record output in the next financial year from its Mt Magnet and Edna May operations in Western Australia.
Centaurus Resources says it will accelerate drilling activities at the company’s Jaguar nickel project in northern Brazil using $25.5 million raised from a share placement.
Takeover target Cardinal Resources has recommended shareholders vote in favour of the recently-improved proposal from Shandong Gold, which is offering to buy Cardinal for around $395 million.
Stavely Minerals says it will use $28 million raised to progress the company’s flagship copper-gold project in Victoria, while Lion One Metals has sought funds for its Fijian gold project.
Mineral Resources has achieved record iron ore production for the June quarter, while Western Areas says its nickel output fell just below the company’s full-year guidance.
Northern Star Resources has achieved record gold output for the June quarter, with production from its Australian operations up 6.5 per cent on the same time last year.
Newcrest Mining has achieved its production guidance for the 2020 financial year, however, the goldminer’s full-year output was 13 per cent down on the prior year.
Takeover target Cardinal Resources has received a higher purchase offer from China-based Shandong Gold, after competing buyer Nordgold upped its bid last week.
Shares in both Metalicity and Nex Metals Exploration were up today after the joint venture recommenced drilling at the high-grade Kookynie gold project in Western Australia.
Artemis Resources is selling its interests in the Mt Clement gold project to joint venture partner Northern Star Resources in a bid to divest its non-core assets.
Saracen has surpassed its production guidance for the 2020 financial year, though the goldminer’s performance has been overshadowed by the recent death of an underground worker.
Indian-backed miner Griffin Coal could have controllers appointed within weeks after receiving a default notice from a major power generator, as their dispute escalates.
Civmec has filed a statement of claim against Altura Mining’s lithium subsidiary, with the contractor alleging it is owed $4.5 million in compensation.
Perth-based explorers S2 Resources and Impact Minerals have both launched capital raisings today, with the proceeds to advance exploration activities at their Western Australian and NSW assets.
Aspiring gold producer Calidus Resources will begin early construction works at its flagship Pilbara project using the proceeds raised from a $25 million share placement.
Azure Minerals will gain interests in four Western Australian gold assets from Creasy Group, with initial exploration to be funded by a $4 million capital raising.
Rio Tinto has reported a 1.5 per cent rise in iron ore shipments for the second quarter and says demand for the steelmaking ingredient is improving in China.
West Perth-based Challenger Exploration says it will use funds raised from a $20 million share placement to explore the company’s gold projects in South America.
Snowden has become the latest Perth-founded mining service to change ownership after being purchased by Datamine, a subsidiary of Canadian company Vela Software.
Shares in King River Resources rose 20 per cent today after the Western Australian company said it would begin exploration activities next month, following COVID-induced delays.
Gibb River Diamonds is set to acquire its first gold asset after securing the option to buy Nexus Minerals’ high-grade Edjudina gold project in the Eastern Goldfields.
Black Cat Syndicate has launched a $10 million share placement, with three other Western Australian-based explorers also seeking funds to progress their gold and copper projects.
Rare earths miner Lynas Corporation has moved ahead with the development of its Kalgoorlie processing plant after signing a $21.6 million contract with Metso Outotec.
