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Deals & Dollars

Saxo retains Goldman Sachs to review strategic opportunities

Online platform for traders and investors Saxo Bank has retained Goldman Sachs as financial advisor to assist on a review of strategic opportunities.  Saxo says the objective is to provide the best possible foundation to continue its growth, serve clients and partners, and further develop its employees and company culture.  The trading and investment firm continues to execute on its…

| By Adam Orlando

Metalicity puts WA zinc project on sale block 

Metalicity (ASX:MCT) has tasked corporate advisor Argonaut PCF with seeking indicative offers for its Admiral Bay Zinc Project in Western Australia. The company says Admiral Bay hosts one of the largest zinc resources in the world at 170 million tonnes @ 7.5% zinc equivalent. Metalicity holds about 80.3% of Kimberley Mining which owns the Admiral Bay Project, which was discovered…

| By Angela East

NewPeak to add uranium-vanadium project to its portfolio 

NewPeak Metals (ASX:NPM) has entered into a binding term sheet with privately held Yacimiento to acquire the Treuer Range Uranium-Vanadium Project in the Northern Territory.  The Treuer Range Project lies in the Ngalia Basin, covering 230.7km2, and is considered prospective for sandstone-type uranium-vanadium mineralisation.  Under the deal, the $4.76 million market capitalisation company will pay the vendor $350,000 via the…

| By Aaliyah Rogan
Silver Mines funding Rick Rule

Silver Mines secures $30 million funding from investment players, Rick Rule

Silver Mines (ASX:SVL) has entered into an agreement with Canadian investment firm Bromma Asset Management, Rick Rule, and MMCAP International, securing $30.2 million in funding for its Bowdens Silver Project in New South Wales.  Under the binding interim convertible debenture agreement, Silver Mines will issue 30,200 convertible debentures valued at $1,000 each. The holders can convert all or any of…

| By Aaliyah Rogan
Westgold Karora

Westgold secures FIRB approval to acquire Karora

Westgold Resources (ASX:WGX) has secured approval from the Foreign Investment Review Board (FIRB) to acquire all of the shares of Karora Resources (TSX:KRR), via a court-approved plan of arrangement.  On 8 April, both companies mapped out plans to create a $2.2 billion, plus 400,000 ounce per annum gold miner. Under the agreement, Westgold will offer Karora shareholders 2.524 shares, $0.68…

| By Aaliyah Rogan

VIDEOS/INTERVIEWS

Venture Minerals Jupiter

Venture’s Jupiter project out of this world

And that’s a wrap on drilling at the northwest corner on Venture Minerals’ (ASX:VMS) Jupiter project. Managing Director Philippa Leggat discusses the positive impact this latest batch of assay results will have on the maiden resource estimate later this year.

| By Shae Russell
ABx Group
Great Boulder Resources
Lodestar Minerals
Pivotal Metals Horden Lake

gold

Founding Genesis team takes new gold explorer to ASX

Western Australian gold explorer Ordell Minerals (ASX:ORD) has debuted on the ASX today, advancing 10% on its first day of trade. The listing follows the completion of a $6 million IPO, comprising the issue of 30 million shares at $0.20 each. Shares rose to $0.22 shortly after the company lit up the boards before edging back in line with the…

| By Aaliyah Rogan

Metalicity puts WA zinc project on sale block 

Metalicity (ASX:MCT) has tasked corporate advisor Argonaut PCF with seeking indicative offers for its Admiral Bay Zinc Project in Western Australia. The company says Admiral Bay hosts one of the largest zinc resources in the world at 170 million tonnes @ 7.5% zinc equivalent. Metalicity holds about 80.3% of Kimberley Mining which owns the Admiral Bay Project, which was discovered…

| By Angela East

Aurelia Metals resumes 24-hour development work at Federation Project

Aurelia Metals (ASX:AMI) has returned to 24-hour development activities in the first stope production area in the upper levels of the Federation mine in New South Wales, after being impacted by wet weather conditions.  Earlier this month, underground mine development work at Federation began, with a 30 megalitre (ML) water management sump dam complete and being used. The Federation deposit…

| By Aaliyah Rogan
Westgold Karora

Westgold secures FIRB approval to acquire Karora

Westgold Resources (ASX:WGX) has secured approval from the Foreign Investment Review Board (FIRB) to acquire all of the shares of Karora Resources (TSX:KRR), via a court-approved plan of arrangement.  On 8 April, both companies mapped out plans to create a $2.2 billion, plus 400,000 ounce per annum gold miner. Under the agreement, Westgold will offer Karora shareholders 2.524 shares, $0.68…

| By Aaliyah Rogan
Latitude 66 PSB Finland

Latitude 66 identifies several prospective targets at PSB Project

Latitude 66 (ASX:LAT) has uncovered more than 20 targets which require follow-up testing at the Perapohja Schist Belt (PSB) Project in Northern Finland.  A total of 23 exploration prospects have been defined and will be subject to an internal ranking exercise, which will be completed in the coming weeks. The targets will be ranked based on prospectivity, potential scale, and…

| By Aaliyah Rogan

Events

  • Sun 7 – Thu 11 Jul
  • Gold Coast

Rick Rule’s Investment Symposium 7-11 July

Discover the key to navigating the lucrative world of resource investing. As the nation’s premier annual event on resource and…

  • Sun 7 – Thu 11 Jul
  • Gold Coast
More information
  • Wed 17 – Fri 19 Jul
  • Peppers Noosa Resort

Noosa Mining Investor Conference

The Noosa Mining Investor Conference will run from 17-19 July 2024 to give investors, brokers and fund managers a better…

  • Wed 17 – Fri 19 Jul
  • Peppers Noosa Resort
More information
  • Fri 2 – Fri 2 Aug
  • Virtual

Pit to Pitch Spotlight Series

Mining.com.au is rolling out its Pit to Pitch Spotlight Series, with the inaugural virtual event taking place on 2 August 2024…

  • Fri 2 – Fri 2 Aug
  • Virtual
More information