Michael Philipps

Connect

LinkedIn

Michael is a senior analyst for Bulls N’ Bears. He has been covering the mining and resources sector since 2010 when he worked at the Kalgoorlie Miner. Michael is passionate about promoting regional Western Australia, particularly major projects that complement the net-zero emissions campaign.

Directors, London fund plough $9.2m into Ora Banda
Bulls N' Bears

Directors, London fund plough $9.2m into Ora Banda

By Michael Philipps

Ora Banda Mining directors and London-based investor Hawke’s Point have stumped up a combined $9.2m as part of a $30m capital raise to fund the cost of operating the reimagined underground Riverina project. The company says the well-supported shares placement and planned development of the underground system will help set it on the path to producing 100,000 gold ounces annually by the 2025 financial year.

27 Mar 2023
Ora Banda set to reap millions with turnaround mine plan
Bulls N' Bears

Ora Banda set to reap millions with turnaround mine plan

By Michael Philipps

Ora Banda Mining has been given the green light to start mining at its Riverina underground gold deposit near Kalgoorlie after receiving financial investment decision approval from its board of directors. While the mining decision is still subject to the company securing a capital requirement of about $30 million, the approval supports its 2025 financial year production target of 100,000 gold ounces per annum.

23 Mar 2023
Coda study confirms SA copper mine financially viable
Bulls N' Bears

Coda study confirms SA copper mine financially viable

By Michael Philipps

Coda Minerals looks set to press the go button on plans to mine its Elizabeth Creek copper-cobalt project in South Australia after positive results from its recently completed scoping study on the operation. The study has revealed a net revenue of more than $5.7 billion over an estimated 14-year mine life at a pre-tax internal rate of return of 26.5 per cent.

23 Mar 2023
Askari woos lithium, cobalt giant to Namibian project
Bulls N' Bears

Askari woos lithium, cobalt giant to Namibian project

By Michael Philipps

Askari Metals’ bold vision of identifying a major exploration discovery at its Uis lithium project in Namibia has received a timely boost through the signing of a conditional investment agreement with global giant, Zhejiang Huayou Cobalt. The deal, and an accompanying institutional investment raise, would boost the company’s coffers by more than $5.7 million as it aims to beef up exploration.

22 Mar 2023
Three-way deal secures $4.2 million for Ora Banda
Bulls N' Bears

Three-way deal secures $4.2 million for Ora Banda

By Michael Philipps

Ora Banda Mining looks set to pocket $4.2 million in a three-way deal that includes the sale of four non-core tenements to Beacon Minerals and a new royalty agreement with key investor Hawkes Point. Ora Banda has agreed to sell four of its Lady Ida licences in the Goldfields region of WA to Beacon through its wholly owned subsidiary for $2.5 million while still retaining all non-silver and non-gold mineral rights over the tenements.

21 Mar 2023

Pages

Subscribe today for award-winning, unbiased and trusted journalism

Subscription Options