Simon Lill

De Grey Mining has raised $6 million, with ASX-listed DGO Gold investing $5 million in the placement, to expand exploration work at the company’s Pilbara gold project.

Perth finance executives Andrew Frazer and Simon Lill have agreed to a strategic alliance between their respective businesses.

Uranium explorer Peninsula Energy is planning a $9.1 million capital raising to fund costs associated with its mines in the US, while De Grey Mining is planning to raise $5 million to fund exploration activities at its Mallina gold project, near Port Hedland.

Gold junior De Grey Mining is raising $31.2 million from a share placement to continue exploring its Mallina project in the Pilbara, with a focus on the recently announced Hemi discovery.

Gold producers and explorers are undertaking capital raisings and project expansions amid recent record prices.

Lykos Metals’ shares have risen 60 per cent on the company’s first day of trading, while fellow Western Australian explorer Nimy Resources is seeking to list next month.

Nimy Resources has joined the rush of explorers in listing on the stock exchange, as it advances its Mons nickel project in WA using proceeds from a $6.5 million IPO.

WA’s second-largest goldminer by ounces produced is seeking to shore up its place in the world for the next century and beyond.

Today’s board moves wrap includes David Richardson, David Berrie, Adam McKinnon, Ross Oliver, Geraldine Holland, Mike Hodgkinson, Amanda Wilton-Heald, Henko Vos, Simon Lill, Tim Bunney, and Luke Hampson.

Today’s board moves include Grant Ferguson, Glenn Grayson, Neil Warburton, Bruce Stewart, Simon Lill, Rob Cole and Andrea Sutton.