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Articles by Eastern Goldfields
Eastern Goldfields, Inc. announces Letter of Intent with Grellner Media Holdings 1, LLC
BOSTON, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Eastern Goldfields, Inc. (OTC: EGDD) is pleased to announce that the Company has entered a Letter of Intent with Grellner Media Holdings 1, LLC on September 22, 2025.
Eastern Goldfields, Inc. announces Letter of Intent with Grellner Media Holdings 1, LLC
BOSTON, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Eastern Goldfields, Inc. (OTC: EGDD) is pleased to announce that the Company has entered a Letter of Intent with Grellner Media Holdings 1, LLC on September 22, 2025.
Zuleika zeroes in on Paradigm gold corridor
Zuleika Gold has kicked off a 30,000-metre drilling program across its namesake project in the fertile Eastern Goldfields in WA. First cab off the rank for the company is the Paradigm East target where previous drilling has returned a wealth of mineralised intercepts including 27 metres at 2.87 grams per tonne gold from 33m and 7m at 9.8 g/t gold from 42m down-hole.
Ora Banda lists on ASX
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Eastern Goldfields launches $40m rebirth
Eastern Goldfields’ new entity has unveiled its prospectus, the first stage of its recapitalisation strategy to raise between $30 million and $40 million.
Eastern Goldfields into administration
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Eastern Goldfields’ $75m recapitalisation falls through
Eastern Goldfields is at risk of collapse, after the $75 million recapitalisation plan it announced in late September was scrapped today. 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.
Empire calls board changes
Empire Resources has appointed major shareholder Michael Ruane as its chairman, one month after he sought a board spill at the gold miner. 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.
Eastern Goldfields secures $75m recapitalisation
Struggling gold producer Eastern Goldfields has announced a $75 million recapitalisation deal and board overhaul led by private mining services company Adaman Resources. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Eastern Goldfields suspends operations
Struggling gold producer Eastern Goldfields has suspended all mining operations, with the company confirming that nearly 40 employees have been made redundant. 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.
Fotios resigns from Eastern Goldfields
Michael Fotios has resigned from Eastern Goldfields, while major shareholder Hawke’s Point Holdings has agreed to buy a $5 million debt owed by the gold producer as it seeks a recapitalisation deal. 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.
Eastern Goldfields halts operations
Michael Fotios-led Eastern Goldfields has suspended its gold processing operations at Davyhurst, as the company completes a strategic review of its business and searches for a recapitalisation deal. 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.
Eckhof resigns from AVZ
Lithium hopeful AVZ Minerals has announced the resignation of its executive chairman Klaus Eckhof, weeks after he sold off half his stake in the company, while also signing on Perth-based CPC Engineering to complete a scoping study for the Manono project in the Democratic Republic of Congo. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Eckhof resigns from AVZ after share sale
AVZ Minerals has announced the resignation of executive chairman Klaus Eckhof, weeks after he sold off half his stake for $4.4 million, while also signing up Perth-based CPC Engineering to complete a scoping study for its Manono lithium project in the Democratic Republic of Congo. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Eastern to raise $30m for Davyhurst and Mt Ida
Eastern Goldfields has announced a $30 million share placement to maintain operations at the company’s Davyhurst gold operation and undertake feasibility studies on its Mt Ida project. The Perth-based gold miner will raise $17.5 million from Hawke’s Point Holdings, who are an affiliate of alternative asset management group Tetragon, while the remaining $12.5 million will come through subscribers sourced by Eastern.
Guthrie joins Vimy as RCF rep
Local resources executive Vanessa Guthrie has been appointed to the board of uranium explorer Vimy Resources as a nominated representative of fund manager Resource Capital Funds. Ms Guthrie joins Vimy as a non-executive director, and returns to the uranium sector after having previously served as managing director of Toro Energy until last year. She joins Vimy as a representative of RCF, which holds a 26 per cent stake in the uranium explorer and is its largest shareholder.
MZI to upgrade Keysbrook
Mineral sands miner MZI Resources will spend $5 million to significantly upgrade the output capacity of its Keysbrook operation near Serpentine, which has been underperforming since it came online in 2015. Perth-based MZI said today the staged $5 million investment would be funded initially through a $US5 million increase in its facility agreement with Resource Capital Funds, with work to be completed by early next year.
Eastern, migme miss ASX payment
Eastern Goldfields and migme are amongst a number of companies to have missed their annual ASX listing fees, and risk being removed from the register. ASX-listed companies had until today to pay their fees for the 2018 financial year. If payment isn’t made before close of business on Monday, the companies still owing fees will be removed from official quotation. To read more, please Login or Register below
Eastern wind-up cancelled after payment
The Supreme Court of Western Australia has reversed its decision to wind-up Eastern Goldfields after it was revealed the relevant debt of $383,000 was paid on the same day the winding-up application was lodged. Perth-based Eastern said late today that the winding-up process had been terminated and control of the company had returned to the directors.
Court order to wind up Eastern Goldfields
The Supreme Court of Western Australia has ordered the winding up of Michael Fotios’ Eastern Goldfields and the appointment of liquidators, after an application by a local assay laboratory. Perth-based Eastern, which just last month hailed its first gold pour at the Davyhurst operation near Kalgoorlie, went into a trading halt this morning following the Supreme Court’s wind up order.
Fotios to remain as Eastern chair
Michael Fotios has quashed speculation that he intends to step down as chairman of Eastern Goldfields, following an exchange of words with journalists at Diggers & Dealers earlier this week. Media reports this week said Mr Fotios was planning to step down from his chair role. But in a statement today, Eastern said Mr Fotios plans to remain in the role for at least another year while the company searches for a chief executive to take over the day-to-day running of the business.
Protesters to take aim at Eastern Goldfields at Diggers
Eastern Goldfields is expected to be confronted at the Diggers & Dealers conference next week by local contractors who claim they have not been paid by the Perth gold miner. Diggers & Dealers notified media today that there would likely be a protest outside of a presentation on Tuesday afternoon, where Eastern chairman Michael Fotios will be speaking. The protestors will comprise local contractors who have said they are owed money by Eastern. To read more, please Login or Register below
Eastern pours gold at Davyhurst
Eastern Goldfields has poured first gold at its Davyhurst operation near Kalgoorlie, amid a looming court battle against the project’s refurbishment contractor, GR Engineering Services. Eastern began processing at the Davyhurst mill earlier this month following completion of the commissioning phase of the project, with first gold achieved today marking the first time Davyhurst has produced gold since 2008.
Eastern hits back at GR Engineering
Michael Fotios’ Eastern Goldfields says it will counterclaim GR Engineering Services over work at its Davyhurst gold operation, after the contractor began Supreme Court proceedings yesterday. Eastern said this morning that it had disputed GR Engineering’s $9.9 million payment claim and would vigorously defend the proceedings, and would counterclaim its rights to damages and costs from GR Engineering’s breach of contract.
Eastern raises $28m for Davyhurst
Eastern Goldfields has announced a $28 million capital raising and share sale facility as it works towards commissioning of its Davyhurst gold operation near Kalgoorlie. Perth-based Eastern said it would raise the funds through the placement of up to 80 million shares at 35 cents each, with a minimum target of $25 million set. The funds raised will be put towards commissioning work at Eastern’s Davyhurst plant, as well as drilling exploration work and for general working capital.
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