Deals

Russia’s Nordgold is not backing down in a takeover battle for Cardinal Resources, despite the Perth-based gold play in favour of a matching offer from Shandong Gold.

Perth-based Encounter Resources, Predictive Discovery and Trek Metals have each launched capital raisings, with the proceeds to go towards gold projects in Australia and Guinea.

Mineral Resources has surprised the market by purchasing an iron ore project from Australian Aboriginal Mining Corporation, and also bought into a legal fight with Fortescue Metals Group.

A Perth start-up that has created a specialist online market for adventure gear is poised for expansion after locking in a funding deal with local investment group Eastcourt.

National cyber security company CyberCX is planning further growth in Western Australia after announcing two acquisitions from Perth-based Vortiv.

A Perth business developing autonomous vehicles for subsea surveying has raised £10 million via a spin-off, while Poynton Stavrianou are advising on a further potential deal.

Russian miner Nordgold has continued its fight for Perth-based Cardinal Resources, having matched an offer to buy the gold explorer for $1 per share.

Afterpay and Zip have struck deals with Westpac and Visa to bundle their services, as payment providers expand and evolve with technology.

Biotech company PYC Therapeutics has sought funding for its lead drug development program that aims to treat childhood blindness.

Perth-based GBM Resources is paying $3 million to buy a gold project in Queensland, close to its flagship Mount Coolon asset.

CIMIC Group has confirmed the 50 per cent sale of its mining contractor, Thiess, to an entity based in the UK.

Andrew and Nicola Forrest have added to their sprawling private business empire by purchasing boot manufacturer and retailer R.M. Williams for a reported $190 million.

The spinout company of Cassini Resources is seeking to raise $6 million from its initial public offering, with an ASX listing targeted for November.

Prospect Resources is raising $6 million from a share placement to go towards its lithium project in Africa.

Shareholders of Victoria’s Boadicea Resources have approved the $7 million sale of its Fraser Range tenements to nickel miner IGO.

Warrego Energy has raised funds from a share placement to go towards the company’s West Erregulla joint venture with Strike Energy.

Global consulting and engineering firm Hatch has expanded its Australian presence by purchasing Perth-based RobertsDay, which is ranked as WA's largest town planning firm.

Rockingham-based WA Kaolin has kicked off a capital raising to fund the scale-up of its WA operations; it joins several companies planning to mine the specialist industrial mineral.

Horizon Minerals has signed an agreement to buy a gold project in Western Australia for $2.8 million.

Perth-based Magnum Mining & Exploration has picked up an advanced-stage magnetite project in the US, sending its shares up by more than 40 per cent.

Perth-based Myanmar Metals has sought up to $9.5 million from a capital raising to go towards the restart of its Bawdin mine.

Strike Energy and Warrego Energy have signed a binding heads of agreement to jointly develop the West Erregulla gas field in the Perth Basin.

Shares in Northern Star Resources and Saracen Mineral Holdings rose strongly today after they announced a merger to create a top 10 global gold producer with a market value of $16 billion.

Carnavale Resources has secured the option to explore a gold project near Kalgoorlie after signing an agreement with the asset’s private owner.

Wangara-based contractor Duratec has launched Western Australia’s largest initial public offering this year, adding to a flurry of WA companies aiming to list on the ASX.

OZ Minerals has completed the purchase of Cassini Resources for what management hope will prove a long-life copper-nickel mine in Western Australia.

Subiaco-based TNG is raising up to $12.5 million to fund the development of its flagship metals project in the Northern Territory.

Sandfire Resources is selling its gold project in New Zealand to fellow Perth-based explorer Auris Minerals, in a cash and scrip deal worth $23.2 million.

Encounter Resources has formed a joint venture with mining giant BHP, which will spend up to $22 million to explore the Elliott copper project in the Northern Territory.

Resources logistics company Bis has formed a partnership with Israel’s largest aerospace and defence company, IAI, to deliver mine site automation services.

Calidus Resources has signed an agreement to buy a high-grade gold project for $19.5 million, which will use infrastructure from the company’s proposed Warrawoona mine.

Anglo Australian Resources is seeking to raise $14 million for its gold project near Kalgoorlie, while fellow explorers Ardea Resources and Surefire Resources have also announced capital raisings.