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Articles by MOD Resources
Exec exodus at Capricorn
Capricorn Metals’ managing director and chief financial officer have both resigned, after two shareholders of the gold junior successfully ousted three of its directors.
Mod upgrades plant, appoints Sedgman, Azure
MOD Resources has increased the capacity of its planned processing plant at the T3 copper project in Botswana, while also appointing CIMIC Group’s Sedgman as lead engineer for the feasibility study, and Azure Capital and London-based Terrafranca Advisory as joint debt advisors for the project. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month.
MOD seeks dual listing
Copper-focused MOD Resources has announced it is seeking a dual listing on the London Stock Exchange to increase its international profile and improve access to capital in the UK. 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.
Mod in $27m copper deal
MOD Resources has moved to full ownership of its T3 copper project in Botswana, after acquiring LSX-listed Metal Tiger's stake of the project in a scrip deal worth $26.6 million.
Mod upgrades mineral resource
Perth-based MOD Resources has announced a significant upgrade to the mineral resource at its T3 copper project in Botswana.
Mod raises $18m
Copper explorer MOD Resources has tapped investors for $18.3 million, with the proceeds set to be used on exploration work at its T3 and T20 Dome projects in Botswana. 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.
Mod releases positive PFS
Copper explorer MOD Resources has released a favourable pre-feasibility study for an open-pit mine at its T3 project in Botswana, which has an estimated annual free cash flow of $US77 million ($95 million). To read more, please Login or Register below
Mod sells gold project for $4m
Copper explorer MOD Resources has entered into an agreement to sell its Sams Creek gold project in New Zealand to a company which is planning to list on the ASX. Perth-based Mod will receive $1.75 million in cash and 10.25 million shares in Condamine Resources in exchange for Sams Creek, with the scrip component to leave Mod with up to a 15 per cent stake in Condamine if the company’s IPO plans go ahead.
Gascoyne, Intermin reach milestones
Perth-based gold juniors Gascoyne Resources and Intermin Resources have both reached milestones, with Gascoyne earmarking GR Engineering Services for construction of processing infrastructure while Intermin has achieved first production. Gascoyne told the market today it had signed a letter of intent with GR Engineering for an engineering, procurement and construction contract for a 2.5 million tonne per annum processing facility at its Dalgaranga gold project in the Murchison region.
Mod raises more funds for copper project
Copper explorer MOD Resources launched its second capital raising in three months, tapping investors for $14.6 million to fund ongoing work at its T3 project in Botswana. Perth-based Mod said it had raised the funds through the placement of 235.4 million shares at 6.2 cents each, representing a 2.2 per cent discount to the company’s 15-day volume-weighted average price.
Mod up on drilling results
Shares in copper explorer MOD Resources closed higher on promising drill results at the company’s T3 copper operation in Botswana. As part of a pre-feasibility study, Perth-based Mod undertook a resource infill drilling program, which resulted in a 75 metre down hole width intersection with multiple intervals of copper sulphides starting at 247m, about 35m below the T3 resource.
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