Metals X

Auris Minerals chairman Bronwyn Barnes has disclosed that some of the people seeking to oust her had been negotiating a farm-in proposal last year without the knowledge of the company’s board.

Auris Minerals chairman Bronwyn Barnes and independent director Susan Vearncombe have been voted off the company’s board, after a group of dissident shareholders gained enough support to pass a number of resolutions at a special meeting today.

Demand for office space in West Perth has fluctuated widely with commodity prices and the mining sector’s fortunes but the suburb is now attracting interest from diverse industry sectors.

Perth-based Metals X has raised $50 million via an institutional placement, with the proceeds set to be spent at the company’s Nifty copper project in the Pilbara.

Poorly performing copper miner Metals X has appointed Damien Marantelli as its new managing director, with incumbent Warren Hallam and chief operating officer Allan King leaving the company.

Metals X has announced encouraging production results at its Nifty copper mine in the Pilbara.

Warren Hallam has been tapped as the new managing director of Capricorn Metals, as the company ramps-up the development of its flagship Karlawinda gold project.

Metals X is planning to spend $163 million to sharpen up the performance of the Nifty copper mine, nearly three years after it bought the Pilbara operation from Indian business Aditya Birla Minerals.

Milan Jerkovic has resigned as non-executive chairman of Geopacific Resources after five years in the role, and he will be replaced by Ian Clyne.

Millennium Minerals has appointed Warren Hallam as managing director, marking Mr Hallam’s return as the leader of a junior miner since his short-lived stint at Capricorn Metals ended abruptly in March.

Gold Road Resources and Silver Lake Resources will join the S&P/ASX 200 index, while Seven West Media was among the losers in the indices reshuffle, as the quarterly rebalance of the S&P/ASX indices was announced today.

Copper and tin producer Metals X has launched a $32.7 million capital raising to turn around its struggling Nifty copper operation, less than three weeks after it refreshed its board at the behest of its largest shareholder.

Copper and tin miner Metals X is set to reject a motion by its largest shareholder, APAC Resources, to appoint a representative to its board.

Four hundred Metals X employees and contractors have lost their jobs after the company halted operations at its Nifty Copper mine today, one day after another Pilbara miner Millennium Minerals entered into voluntary administration.

Metals X has announced a sweeping board restructure after last week’s closure of the Nifty copper mine, with three directors resigning and APAC Resources nominee Brett Smith joining, just two months after he was rejected by the incumbent board.

Metals X has signed a $32 million farm-in and joint venture agreement with IGO, which will explore the company’s copper operations in the Paterson province, while also announcing the potential restart of its Nifty operations.

Metals X is planning to sell its entire copper assets portfolio, including its Nifty operation in Western Australia, following issues with a major shareholder.

Subiaco-based Cyprium Metals is set to acquire copper assets in WA from Metals X while announcing a $90 million capital raising to help fund the purchase.

Metals X has agreed to the sale and spinout of its entire nickel portfolio, in line with the company’s plans to focus on the development of its tin assets.

Belmont-based GR Engineering Services has secured further work on a large tin operation in Tasmania, under a contract worth nearly $24 million.

Shares in MetalsX spin out NiCo Resources were up 80 per cent on its ASX listing today, after the nickel company’s IPO raised more than $12 million.

New leadership is in store for ASX-listed NiCo Resources after announcing the resignations of founding non-executive chairman Warren Hallam and chief executive Rod Corps.

Shares in South Perth-based Metals X rose by 6 per cent on Tuesday, following news that the company recorded a net profit after tax of $14.59 million for its 2023 full-year.

Ashok Parekh-chaired Horizon Minerals has announced the departure of Jon Price from its board.