The West Perth company says the proceeds, in tandem with cash on hand, will fully fund the equity component of its $1.3 billion Hemi gold project in the Pilbara.
Security and sovereignty issues in Mali have pushed Leo Lithium to offload its final 40 per cent interest in the Goulamina Lithium Project to Ganfeng for $342.7 million.
Subiaco-based Firebird Metals closed trade 11 per cent higher on Tuesday, following positive findings from its battery grade manganese sulphate feasibility study, in relation to stage one production in China.
Iluka Resources boss Tom O’Leary has taken a shot at China’s “monopolistic production” of rare earths and warned of the country's preparedness to “weaponise” its control.
Shares in Horizon Minerals rose by 26 per cent on Monday morning, after the junior announced it had entered into a binding ore sale agreement with Paddington Gold, a wholly-owned subsidiary of Norton Gold Fields.
International goldminer Newmont has had to stop activity at its Telfer gold mine after WorkSafe issued two prohibition notices over the Pilbara operations.
Premier Roger Cook has defended his government’s decision to give Alcoa the go-ahead to mine in the South West, despite concerns from its own departments around potential environmental impact.
Gold miner Regis Resources has announced it will develop both its Garden Well Main and Rosemount Stage 3 underground mines, as its underground growth strategy gains further momentum.
Applecross-based Hot Chili will raise up to $29.9 million courtesy of a private placement, in a bid to further progression at its Costa Fuego copper-gold development in Chile, located 600km from Santiago.
Gold exploration company Predictive Discovery has announced it will raise $50 million in a bid to enhance further growth and development at its flagship Bankan gold project in Guinea.
Shares in Caravel Minerals rose by 12 per cent on Thursday morning, following news the Subiaco-based explorer had submitted its environmental review document for the Caravel copper project to the Environmental Protection Authority.
Wesfarmers’s chemical division managing director Ian Hansen is set to retire later this year, but he will remain chairman on the group’s lithium business.