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Articles by Intermin Resources
Intermin exploring multiple gold projects in WA
Intermin Resources’ ongoing regional drilling activities in the Goldfields region of WA, has delivered encouraging assays following up on historical drill results and testing of new prospect areas. At the Binduli project near Kalgoorlie, the company targeted the Teal East prospect, adjacent to the Teal open cut mine, with step-out drilling successfully intersecting an extension of mineralisation outlined in 2018, returning 12 metres grading 4.19g/t gold from 76m down-hole.
Intermin to offload gold projects for $8m
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Intermin sells non-core gold projects for $8m
Intermin Resources has advanced its goal of building a standalone gold project in the Kalgoorlie and Coolgardie regions with the sale of its non-core Menzies and Goongarrie gold projects to Kingwest Resources for a total consideration of $8 million in cash and shares. Gold explorer Kingwest, which listed on the ASX in August 2018, will pay Intermin $3.375 million in cash and $4.625 million in Kingwest shares priced at 15 cents each.
GR Engineering wins Mardie DFS contract
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Australis to raise $30.5m
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Intermin seeking $40m acquisition of Coolgardie
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Intermin, MacPhersons in $60m merger
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BC Iron cuts costs at Nullagine
Redundancies and cuts to directors’ fees have helped BC Iron secure cost reductions at the Nullagine joint venture. 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.
BCI in $35m iron ore sale
BCI Minerals has sold its Kumina iron ore project in the Pilbara to Chris Ellison-led Mineral Resources for $35 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.
Wolf Minerals into administration
Long-running efforts by tungsten miner Wolf Minerals to stay afloat have failed, with the company’s directors appointing voluntary administrators. 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.
BCI confirms multiple interest
BCI Minerals has confirmed it is in discussions with multiple parties over the sale of its Pilbara iron ore assets, including three current producers and one aspiring port developer. 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.
Poseidon averts Asic objection
Aspiring miner Poseidon Nickel has completed a $69 million entitlement offer without having to call on support from its sub-underwriter, Andrew Forrest’s Squadron Resources. 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.
Asic challenges Forrest's Poseidon deal
The corporate regulator has objected to an underwriting deal that could see Andrew Forrest’s Squadron Resources end up with 61 per cent of Poseidon Nickel. 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.
Hepburn-Brown passes away
Perth-based company director Peter Hepburn-Brown, who was on the board of three listed mining companies, has passed away following a period of ill-health. 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.
Fracking moratorium hit to under-pressure gas plays
The state government's moratorium on fracking is the latest hurdle for onshore energy hopefuls in the Perth Basin, in an environment beset by low oil prices and a lack of confidence in capital markets. The temporary ban, which was flagged prior to the March election and will remain in place while the government undertakes an independent scientific inquiry, was one factor behind the decision by White Bark Energy, until recently known as Transerv Energy, to enter the Canadian market.
JV partner buys $64m stake in Gold Road
South African mining giant Gold Fields has spent $64.3 million to take up a 10 per cent stake in Perth-based Gold Road Resources, as the two companies jointly develop the Gruyere project. Gold Fields acquired the 74.8 million shares at a price of 86 cents each, representing a 27 per cent premium to Gold Road’s last closing price.
Contracts awarded for Gold Road build
A suite of contract awards have been announced for Gold Road Resources' $507 million Gruyere project, including for GR Engineering Services, Maca and Civmec, while Macmahon Holdings said today it had been selected as preferred contractor for a new Queensland coal mine.
Contracts dished out for Gold Road build
A suite of contract awards for the $507 million Gold Road Resources Gruyere project were announced today, including work for GR Engineering Services, Compass Group and Maca Civil, while Macmahon Holdings revealed it will be the operator contractor for a new Queensland coal mine.
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