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Articles by Echo Resources
African mining veteran to add gravitas to AVZ board
Emerging global lithium player AVZ Minerals has added some serious gravitas to its board as it prepares to take its massive Manono lithium and tin project in the Democratic Republic of Congo to the next level. Former Ashanti Goldfields executive, Dr John Clarke, will become AVZ’s Non-Executive Chairman at the end of the year, bringing to the table a vast wealth of African mineral resources experience.
Breaker to raise $8m
The proceeds from the placement will be used to fund drilling activities at Breaker's Lake Roe gold mine in WA. facebook twitter linkedin print Junior gold explorer Breaker Resources has agreed to a non-brokered $8 million placement to a private equity fund managed by New York-based Electrum Group, with the proceeds to fund drilling activities at Breaker’s Lake Roe mine in Western Australia. To read more, please Login below or Subscribe.
Chinese to plough $14m into AVZ’s massive lithium play
An emerging Chinese lithium producer, which has the backing of China’s largest electric vehicle battery manufacturer, has thrown its considerable financial weight behind ASX-listed AVZ Minerals as it develops what looks set to become the world’s biggest hard rock lithium project.
AVZ to raise $14m
The capital raised will fund AVZ’s acquisition of an additional 5 per cent interest in the Manono lithium project. facebook twitter linkedin print Lithium explorer AVZ Minerals has announced it would raise $14.1 million to a new strategic investor based in China. 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.
AVZ kicks off environmental impact studies in Africa
ASX-listed and African focussed lithium developer, AVZ Minerals, has commenced environmental and social impact studies at its exciting Manono lithium and tin project, located in the Democratic Republic of the Congo. The company has appointed in-country environmental and social organisation, EmiAfrica to conduct the work, which will form the basis of its later ESIA documentation for permitting of the Manono mining project.
Australian Vanadium raises $3.5m, Volt $1.6m
Australian Vanadium has raised $3.5 million in capital to advance its vanadium project near Meekatharra, while Volt Resources has raised $1.6 million to fund the development of its Bunyu graphite project in Tanzania.
Echo Resources raises $15m
About $6 million from the capital raising will be used for brownfields and advanced projects, including structural repetitions of the Bronzewing (pictured) and Lotus deposits.
Echo appoints MACA, raises $6.5m
Echo Resources has signed a letter of intent to award two mining contracts to MACA for its Yandal gold project near Leinster, while also announcing a $6.5 million capital raising backed by major shareholder Northern Star Resources.
Echo appoints Rajasooriar as CEO
Junior gold miner Echo Resources has appointed former Eastern Goldfields chief executive Victor Rajasooriar as its new leader, effective today, after former chief executive Simon Coxhell resigned in October. 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.
Echo releases Yandal BFS
Echo Resources has released a bankable feasibility study for its Yandal gold project in Western Australia, with the company forecasting a $39.3 million capital expenditure for the mine.
Gold juniors raise $22m
Local gold explorers Echo Resources and Kairos Minerals have raised a combined $22 million from investors to fund ongoing work at their respective projects in Western Australia. Echo announced today it had raised $15 million through the placement of 68.2 million shares at 22 cents each, representing a 3.7 per cent discount to its 10-day volume-weighted average price.
Echo to raise $5m for gold project
Gold explorer Echo Resources has tapped investors for $5 million to fund ongoing development of its Yandal project near Wiluna. Perth-based Echo will raise $4 million from investors through the placement of 40 million shares at 10 cents each, and plans to accept $1 million in oversubscriptions. The price of the raising represents at 16.5 per cent discount to the company’s 30-day volume-weighted average price. To read more, please Login or Register below
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