Deals

Apollo Consolidated shares ascended after receiving an off-market takeover offer from WA gold player Ramelius Resources as the company ramps up pursuits for feasible gold assets.

Westgold Resources has submitted its bidder’s statement for Gascoyne Resources following a week of contention related to the multi-million-dollar takeover.

The federal government will provide half the funding for a salt and potash project to be developed by Kerry Stokes-backed BCI Minerals, after committing an extra $150 million.

Iron ore junior Equinox Resources has started trading on the ASX, with its shares closing up more than 30 per cent on its offer price.

Poseidon Nickel is in discussions with a battery technologies business to supply nickel to its proposed refinery in Kalgoorlie.

Sandfire Resources is selling its entire stake in London-listed Adriatic Metals as construction of its $504 million copper mine in Botswana continues.

Perth company APM has an enterprise value of about $3.8 billion, according to research presented to investors ahead of a planned stockmarket float.

The Gascoyne Resources board has urged shareholders to reject a $110 million takeover offer from Westgold Resources, labelling the deal as “inadequate”.

Potash player Kalium Lakes has deferred its debt repayments as part of a financial restructure that includes the company launching a heavily discounted share placement.

The spinout companies of Hawkstone Mining and Liontown Resources have hit the ASX boards, joining Recharge Metals which listed yesterday.

NSW's Downer EDI has sold its remaining mining services assets to a joint venture that includes Perth-based AvidSys Group for $150 million in cash.

ASX aspirant Norcliffe Mining Services has finalised its acquisition of Enerflow Mining Services in its second notable buy of the year.

DDH1 Drilling has launched a friendly takeover of counterpart Swick Mining Services, sending the target's shares up by more than 20 per cent.

Explorers Kin Mining and Alchemy Resources are set to raise $13 million and $3.1 million respectively in a bid to push ahead with ongoing exploration and drilling activities.

Besra Gold has returned to the ASX after a restructuring, while E79 Gold Mines has started trading and Medallion Metals has spun out its nickel assets.

Westgold Resources is preparing to lodge its takeover bid for fellow goldminer Gascoyne Resources, following “positive engagement” with the target’s shareholders.

Osborne Park-based Kin Mining has rejected a takeover offer from goldminer and major shareholder St Barbara, while announcing a $13 million capital raising.

Qube Property Group has bought a Canning Vale industrial area for an estimated $12 million, as the group aims to expand its industrial offering.

Fortescue’s green hydrogen arm has bought a 60 per cent stake in Netherlands-based High yield Energy Technologies Group (HyET).

Wesfarmers has bolstered its chances of taking over Australian Pharmaceutical Industries after buying a 19.3 per cent stake.

Australasian Gold’s shares have closed up by more than 7 per cent, after the West Perth-based explorer announced a partnership with CSIRO.

Swoop has chalked up yet another successful acquisition following the completion of a $4.2 million deal for Newcastle-based Countrytell.

A hostile takeover of local IT services firm Cirrus Networks has escalated, after its Victorian bidder alleged the target made a number of inaccurate statements that could mislead shareholders.

WA company Fastbrick Robotics has entered a contract to supply a $5 million St James townhouse development – its first multi-home deal.

Qantas is close to choosing which plane and engine suppliers will provide its next domestic fleet.

Perth technology company HealthEngine has made a key change in its corporate structure, signalling it is moving closer to proceeding with a stockmarket float.

Valmec shareholders have approved an acquisition by Altrad Australia in a $52 million deal announced in July.

Mining equipment supplier Austin Engineering is set to bolster its services in WA, after signing an agreement with Mader Group.

West Perth-based Vysarn has expanded its water services business by acquiring local company Yield Test Pumping.

Gascoyne Resources’ shares rose nearly 20 per cent today, after the goldminer received an off-market takeover proposal from Westgold Resources.

WA-based Paringa Resources has announced plans to recapitalise the company through a $5.6 million raising, as the former coal company seeks business on the ASX as a gold explorer.

Marvel Gold’s graphite spinout is seeking to raise $22 million ahead of its ASX listing in November.