Metals X is planning to sell its entire copper assets portfolio, including its Nifty operation in Western Australia, following issues with a major shareholder.
Shares in Accelerate Resources were up by as much as 51 per cent today after the aspiring producer announced an exploration review of its Comet gold project.
Salt Lake Potash has secured further project funding with a $10 million strategic investment from Perth-based Equatorial Resources, as part of a broader $15 million raising.
Mining contractor MACA has secured further work with Atlas Iron under a new $230 million contract for services at the Corunna Downs project in the Pilbara.
BCI Minerals has completed a definitive feasibility study of its Mardie Salt and Potash project, establishing a positive case for the prospective Pilbara coast mine.
Mining contractor Dynamic Drill and Blast says it will use funds raised from a $5 million initial public offering to tackle a strong tendering pipeline and potentially grow the business in Western Australia’s civil sector.
Paladin Energy has estimated the cost of restarting its Langer Heinrich uranium mine in Namibia to be $US81 million, but says a restart in operations would depend on “the right uranium price”.
GR Engineering Services has signed its third contract this month after securing $29 million in work with Saracen Mineral Holdings for the Thunderbox and Carosue Dam operations in Western Australia.
Australia’s largest mining conference Diggers & Dealers will now be held in October at the Goldfields Arts Centre in Kalgoorlie, as the state relaxes its coronavirus restrictions.
Calidus Resources says it will begin construction for its Pilbara gold project in six months, while Kin Mining and Moho Resources have moved ahead with drill programs for other projects in Western Australia.
The creditors of Gascoyne Resources have approved a deed of company arrangement (DOCA) recommended by its administrators, ahead of two competing late proposals.
Mineral sands producer Iluka Resources is likely to face lower sales of synthetic rutile in 2020, after disclosing that two customers had failed to take up their agreed volumes.
Perth-based Resource Development Group has won contracts for work on Fortescue Metals Group's Cloudbreak mine and Tianye SXO Gold Mining's Minjar Gold mine worth $26 million.
Contractor NRW Holdings has decided to back a proposed deed of company arrangement by the administrators to Gascoyne Resources after negotiating an increased upfront debt repayment of $7 million in cash.
IGO has backed a $60 million capital raising by nickel producer Mincor Resources, which is planning to restart its Western Australian operations later in the year.
The administrators of Gascoyne Resources have recommended creditors support the planned deed of company arrangement for the gold miner rather than an 11th hour alternative from China’s Hanking Gold Mining.
Calidus Resources is one step closer to commencing its Warrawoona gold project, with the EPA today recommending conditional approval for the prospective Pilbara mine.
Shares in Red 5 tumbled by 34 per cent today after the goldminer cut its production guidance for the current year and revised its future development plans.
Pacific Energy has announced it will partner with Capricorn Metals to develop a gas-fuelled power station for its Karlawinda gold project in the Pilbara region.
Genesis Minerals has bolstered its Ulysses gold project with the acquisition of the nearby Kookynie project for $13.5 million, enhancing its prospects of joining the ranks of mid-tier gold producers.
Engineering consultancy AIE is one of 273 Western Australian small business suppliers to have benefitted from BHP’s local buying program since 2017, with the mining giant spending $38 million in WA through the initiative.
Mining contractor Perenti has released a lower full-year earnings guidance, sending its shares down 10 per cent at the ASX open, despite bringing back a $15 million interim payout.
Shares in Western Areas closed up 16 per cent today after the nickel producer released results from its first drill hole at the Sahara prospect, located at the company’s Gawler project in South Australia.
Kalamazoo Resources was trading up to 55 per cent higher on the ASX today after announcing the completed purchase of Northern Star Resources’ Ashburton gold project in the Pilbara.
The resources sector has welcomed the federal government’s decision to invest a further $125 million into an exploration program led by Geoscience Australia, which has now been expanded to cover exploration across the country.
OZ Minerals is set to gain full control of the West Musgrave nickel-copper asset in Western Australia after announcing a friendly takeover of project partner Cassini Resources.
EHR Resources has launched a $12 million capital raising to fund diamond exploration overseas, while Rumble Resources is raising $6 million to fund its next gold drilling program in Western Australia.
Strandline Resources has secured a major portion of capital costs for its Coburn mineral sands project, with the Northern Australia Infrastructure Facility (NAIF) to provide up to $150 million in funding.
