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Articles by Longford Resources
AVZ signs MOU with Chinese battery firm
Lithium explorer AVZ Minerals has signed a memorandum of understanding with a major Chinese battery producer for potential investment and offtake opportunities.
Canadian gold miner invests in De Grey
Perth-based explorer De Grey Mining has attracted Canadian company Kirkland Lake Gold for a $5 million investment in the company as it progresses development of its Pilbara gold project. Kirkland Lake’s investment in De Grey will be made through the subscription of 33.3 million shares in De Grey at 15 cents a share. Kirkland Lake is also a heavy investor in TSX-listed Novo Resources Corporation, which last week backed a $10 million equity raising by Perth-based gold explorer Calidus Resources.
Marindi backs away from Kidman, settles with Rox
Marindi Metals has conceded defeat in its Supreme Court fight against Kidman Resources over rights to the Mt Holland lithium operation, but will receive a settlement payout from Rox Resources over a separate matter. Perth-based Marindi said this morning that, after considering the Supreme Court’s determination earlier this month, there was no formal lithium rights agreement between the company and Kidman and it would not lodge an appeal on the matter.
Flinders chasing $16m
Flinders Mines is seeking to raise $16 million to advance its Pilbara iron ore project, with the company needing to fund further work to progress the mine to feasibility stage. Finders, which recently moved from Adelaide to West Perth, will issue around 290 million shares at a price of 5.5 cents each, according to documents released to the ASX today. The entitlement offer will be on a one share for 11 ordinary shares basis. To read more, please Login or Register below
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