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Deals & Dollars

Godolphin takes full ownership of Narraburra

Godolphin Resources (ASX:GRL) has agreed to acquire the remaining 49% interest of its flagship Narraburra Rare Earths Project, from joint venture partner EX9.  As part of the acquisition, Godolphin has full control of the asset as the company accelerates plans to move from exploration to mine development at Narraburra in New South Wales.  The acquisition comprises a $150,000 upfront cash…

| By Aaliyah Rogan

Hancock sells out of Catalyst Metals

Hancock Prospecting is no longer a substantial shareholder in small cap gold producer Catalyst Metals (ASX:CYL) with the on-market sale of its entire investment.  The Gina Rinehart-led company sold the remainder of its roughly 11.7 million worth of shares for $8.7 million.  The entire shareholding was picked up by directors, management, and institutional investors of Catalyst. The change of ownership…

| By Adam Drought

New funding to extract mine waste opportunities

In the days leading up to World Earth Day (22 April 2024), the Queensland government has announced a $5 million funding program to help companies extract critical minerals and reprocessing opportunities in mine waste.  The state government’s new Collaborative Development Program — part of Queensland’s Critical Minerals Strategy — provides companies with funding that are seeking to assess and find…

| By Aaliyah Rogan

Tolu banks $8.8 million to fast track PNG gold exploration 

Tolu Minerals (ASX:TOK) has tapped existing and new institutional shareholders for $8.8 million via a placement.  Argonaut Securities was retained as lead manager to the placement.  Tolu, which has a $66.1 million market capitalisation, says about 16.7 million shares will be issued at $0.50 per share.  Managing Director and CEO Iain Macpherson and non-executive director Larry Andagali have both provided…

| By Adam Drought

Metallica advises shareholders to take no action ahead of target’s statement

Metallica Minerals (ASX:MLM) continues to advise its shareholders to take no action regarding Diatreme Resources’ (ASX:DRX) takeover tilt for the silica sand developer.  Ahead of delivery of its target’s statement by the end of next week (26 April 2024), Metallica says the statement will include an independent expert report which will express an opinion on the fairness and reasonableness of…

| By Adam Drought

VIDEOS/INTERVIEWS

Soft rocks and low cost…keep your eyes on what Toubani Resources does next

Recent drilling results confirm what management at Toubani Resources (ASX:TRE) suspected, that the Kobada Project in southern Mali can transition from a developer to production with the right guidance. With significant capital already invested and testing of key areas near the surface, Kobada could be…

| By Shae Russell

gold

Lefroy bangs out Lucky Strike and Havelock drilling

Lefroy Exploration (ASX:LEX) has launched a 17-hole for 2,500m shallow reverse circulation (RC) drill program at the Lucky Strike and Havelock targets, as part of its namesake Lefroy Project in Western Australia.  Drilling is testing several historic targets uncovered in previous campaigns. The program will be moving between target areas, both of which have confirmed prospectivity off the back of…

| By Aaliyah Rogan

Hancock sells out of Catalyst Metals

Hancock Prospecting is no longer a substantial shareholder in small cap gold producer Catalyst Metals (ASX:CYL) with the on-market sale of its entire investment.  The Gina Rinehart-led company sold the remainder of its roughly 11.7 million worth of shares for $8.7 million.  The entire shareholding was picked up by directors, management, and institutional investors of Catalyst. The change of ownership…

| By Adam Drought

Tolu banks $8.8 million to fast track PNG gold exploration 

Tolu Minerals (ASX:TOK) has tapped existing and new institutional shareholders for $8.8 million via a placement.  Argonaut Securities was retained as lead manager to the placement.  Tolu, which has a $66.1 million market capitalisation, says about 16.7 million shares will be issued at $0.50 per share.  Managing Director and CEO Iain Macpherson and non-executive director Larry Andagali have both provided…

| By Adam Drought

Tempest boosts exploration funds with share sale

Tempest Minerals (ASX:TEM) will receive $1 million from the sale of 2 million Tolu Minerals (ASX:TOK) shares, with the fresh cash injection used to progress exploration activities within its existing portfolio.  Managing Director Don Smith says the sale of shares bolsters the company’s coffers ahead of upcoming exploration work and increases the flexibility to expand plans if required.  “TEM has…

| By Aaliyah Rogan

Capricorn Metals grows Mt Gibson’s gold reserve

Capricorn Metals (ASX:CMM) has delivered a 26% increase to the Mt Gibson Gold Project’s reserve, which now contains 61.6 million tonnes at 0.9 grams per tonne gold for 1.83 million ounces.  The updated reserve represents a 380,000 ounce increase from the maiden reserve in April 2023.  Capricorn Metals, which has a market capitalisation of $1.98 billion, says an update of…

| By Aaliyah Rogan