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Articles by Alchemy Resources
Juniors to raise $7.5m
Mark Bennett is a non-executive director of Todd River Resources. facebook twitter linkedin print Pacifico Minerals, Todd River Resources and Syndicated Metals are set to raise $4.6 million, $2.9 million and $1 million, respectively. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month. Login (existing subscribers) Username/Email * Password * The password field is case sensitive.
Chinese graphite testing enhances Black Rock’s product
Black Rock’s Mahenge graphite project in Tanzania continues to impress, with the latest pilot plant metallurgical test work validating and exceeding the initial results returned from Canada last year. The test work was undertaken by engineering, procurement and construction, or “EPC”, partner Yantai Jinyuan, at its processing facility in China.
AIC in takeover deal
Joseph El-Raghy-led AIC Resources has agreed to a reverse takeover deal with NSW-based Intrepid Mines. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Gascoyne to raise up to $24m
Gold miner Gascoyne Resources has announced a $19 million equity placement, along with a share purchase plan to raise up to $5 million. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Constellation rises on ASX debut
Constellation Resources, a spin-out of Apollo Minerals' Fraser Range assets, has begun trading positively on the ASX today, after raising $7 million via an initial public offering.
Kin to spend $35m to develop gold project
Aspiring gold miner KIN Mining has released a definitive feasibility study on its Leonora project in the Goldfields, which has forecast a development cost of about $35 million. Perth-based Kin plans to spend $35.4 million on development of the project, with the lion’s share of that to be used on upgrading and relocating the Lawlers processing plant, which it acquired from South African company Gold Fields earlier this year.
New year spark for lithium
Local lithium players have hit the ground running in January, with Galaxy Resources shipping its first lithium since operations restarted at its Mt Cattlin mine, and others announcing more than $110 million of new deals. Galaxy Resources’ first shipment, of 10,000 tonnes of spudomene to Mitsubishi, is worth around $6 million and follows recommencement of production at the mine in December. Mt Cattlin is anticipated to produce 160,000t of spodumene concentrate this year.
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