Deals

Gold explorer Pantoro will use $50 million raised from a share placement to accelerate exploration activity at the company’s Norseman joint venture project in the Eastern Goldfields.

The Carramar Village shopping centre in Perth’s northern suburbs has been sold for $33.5 million; a move CBRE says represents the largest Perth shopping centre sale for 2020.

Birchmead Property Group has purchased 16 hectares of industrial land in Rockingham from DevelopmentWA for $22 million.

Perth-based explorers Ausgold and Great Western Exploration have sought funds to progress their gold projects in Western Australia.

Caprice Resources is adding gold to its portfolio of projects after announcing plans to buy private company Goldview Metals, which owns the high-grade Island project in Western Australia.

Zenith Minerals has shifted its focus to gold and copper after announcing the sale of its rare earths business and project in Wyoming.

Strandline Resources has made further progress on its mineral sands project in Western Australia, having launched an $18.5 million capital raise to begin early construction works.

Perth start-up Altum International has secured agreements for a $3 million capital raising to support the expansion of its cannabinoid business.

Aspiring producer Salt Lake Potash has secured new backing from the Clean Energy Finance Corporation, as part of a broader $301 million financing package.

Carnavale Resources is adding gold to its portfolio of projects after securing the option to buy a stake in tenements owned by a private Western Australian company.

Perth-based Tietto Minerals is seeking up to $62.5 million from a placement and share purchase plan to progress its Abujar gold project in Cote d’Ivoire.

Sipa Resources has signed a farm-in deal with Rio Tinto, which will spend up to $12 million to explore Sipa’s flagship copper-gold project in Western Australia.

Gold explorer Breaker Resources is raising funds to advance drilling activities and resource growth at its Lake Roe project in Western Australia.

Western Australia's largest non-government superannuation fund has confirmed it will merge with Sydney-based First State Super later this year.

Subiaco-based Digital Wine Ventures has launched a $6.15 million capital raising to fund the expansion of its cloud-based WineDepot platform.

CIMIC Group is negotiating the sale of a 50 per cent stake in its mining services division to an affiliate of investment firm Elliott Management.

Perth-based Peel Mining will gain full control of the Mallee Bull copper project in NSW by buying out its joint venture partner for $17 million.

Fund manager Perpetual Limited has agreed to buy a 75 per cent stake in US-based investment management business Barrow, Hanley, Mewhinney & Strauss LLC for $US319 million.

Centaurus Resources says it will accelerate drilling activities at the company’s Jaguar nickel project in northern Brazil using $25.5 million raised from a share placement.

Takeover target Cardinal Resources has recommended shareholders vote in favour of the recently-improved proposal from Shandong Gold, which is offering to buy Cardinal for around $395 million.

Stavely Minerals says it will use $28 million raised to progress the company’s flagship copper-gold project in Victoria, while Lion One Metals has sought funds for its Fijian gold project.

Strike Energy project partner Talon Petroleum has raised $5 million from a share placement to fund an upcoming drill program in the Perth Basin.

Takeover target Cardinal Resources has received a higher purchase offer from China-based Shandong Gold, after competing buyer Nordgold upped its bid last week.

COVID-19 has taken a wrecking ball through the IPO market, cutting raisings by 80 per cent, although those that proceeded outperformed other equities.

Shares in Venture Minerals surged as high as 27 per cent today after the explorer announced a farm-in deal with Chalice Gold Mines.

Artemis Resources is selling its interests in the Mt Clement gold project to joint venture partner Northern Star Resources in a bid to divest its non-core assets.

Perth-based explorers S2 Resources and Impact Minerals have both launched capital raisings today, with the proceeds to advance exploration activities at their Western Australian and NSW assets.

Euroz is planning to partially retain the Hartleys brand and intends to bring independent directors onto its board as part of its agreement to acquire the rival stockbroking firm.

A Perth company that has developed a digital trading platform for the global LNG market has secured financial backing from Shell, Tattarang Group and Woodside Petroleum.

Aspiring gold producer Calidus Resources will begin early construction works at its flagship Pilbara project using the proceeds raised from a $25 million share placement.

Azure Minerals will gain interests in four Western Australian gold assets from Creasy Group, with initial exploration to be funded by a $4 million capital raising.

West Perth-based Challenger Exploration says it will use funds raised from a $20 million share placement to explore the company’s gold projects in South America.