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Articles

Ardiden racking and stacking Canadian gold prospects

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By Matt Birney Verified, Odin Metals
| Business News Verified
Ardiden Limited has racked and stacked a grab bag of gold prospects at its Pickle Lake project in Canada where the Perth based explorer is spoilt for choice when it comes to aiming a drill rig at them. To-date it has packaged up 18 advanced prospects and 100-plus geophysical targets identified right across the project that already has a resource.
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Nusantara raises $11m for Indonesian gold project

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By Dan Wilkie, Nusantara Resources, NTM Gold, Odin Metals
| Business News Verified
An aerial shot of the workers' camp at the Awak Mas gold project in Indonesia. Photo: Nusantara Resources facebook twitter linkedin print Gold explorer Nusantara Resources has secured finance to advance a development strategy for its Awak Mas gold project, with an $11 million capital raising backed by one of Indonesia’s leading energy companies. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
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Nusantara in $116m funding deal to build Indonesian gold mine

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By Matt Birney Verified, Nusantara Resources, NTM Gold, Odin Metals
| Business News Verified
One of Indonesia’s largest integrated resources companies, Indika Energy, is looking to take a 40% stake in ASX-listed, Nusantara Resources’ two million ounce Awak Mas gold project in Indonesia, virtually clearing a pathway for the mine to be built. Indika plans to invest up to AUD$58m in Nusantara’s wholly-owned project subsidiary, PT Masmindo DWI Area, to secure its share in Awak Mas, which is located in the Luwu Regency of Indonesia’s South Sulawesi Province.
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