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Articles by Spitfire Materials
Confidence up as explorers win $31m grants
Stavely Minerals, Prodigy Gold, Chalice Gold Mines and St George Mining were among the WA miners sharing in $31 million allocated through the federal government's Junior Minerals Exploration Incentive announced today.
Azumah soars on spectacular high-grade gold hit
Azumah Resources shares have soared on news of a spectacular drill hit at its Wa gold project in Ghana, based on a new geological model that appears to have delivered a breakthrough. The West Africa-focused gold explorer nailed its latest round of drilling at the Kunche prospect that included a game changing 44m intercept averaging 5.37 g/t from 99m down-hole. This included a high-grade zone of 27m at 7.86 g/t from 116m, including 20m at 10.27 g/t and 1 metre at an eye-popping 144 g/t gold.
Azumah soars on drilling results
Shares in West Africa-focused Azumah Resources have soared today after the company posted positive drilling results from its Wa gold project in Ghana.
Spitfire in $5m raising
Junior explorer Spitfire Materials has tapped investors for $5.3 million via a strongly supported share placement as the company ramps up exploration work at its Western Australian gold project. To read more, please Login or Register below
Spitfire in tie-up with Aphrodite
Gold junior Spitfire Materials has entered into an agreement to merge with Victoria-based Aphrodite Gold in an all-scrip deal that values the target at about $32 million. Perth-based Spitfire will pay one share for every 2.9 Aphrodite shares, valuing the gold explorer at 4.45 cents a share. The deal represents a 93 per cent premium to Aphrodite’s five-day volume-weighted average price. To read more, please Login or Register below
Magnum, Bombora end acquisition plans
Plans by private company Bombora Natural Energy to join the ASX through the acquisition by Magnum Gas & Power have fallen through after the deal was terminated by mutual agreement. Magnum said in a statement today that the proposed acquisition, for 2.4 billion shares at a price of 0.1 cent each, had been terminated and would no longer occur. The deal was originally announced in February. To read more, please Login or Register below
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