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Bullish lithium signals among recent price weaknessFirst Au to acquire Sandstone gold projectBluebird Mining all-in on gold after offloading South Korean assetsOD6 expands Mammoth fluorspar target by over 50%Mining veteran joins Peako board to strengthen Saudi strategyManuka raises $14.5 million for Wonawinta ramp-upLunnon’s Lady Herial generates $39 millionResources Victoria’s Mining Pathways creates stronger career avenueVertex secures $4.2 million for gold processing in NSWAustralasian Metals targets Côte d’Ivoire lithium pairKaoko raises $20 million for Chalkos drillingGreen & Gold launches rights issue for copper drillingIltani widens Orient silver-indium systemLegacy weighs larger Mt Carrington operationLarvotto extends ‘high-grade’ gold zones at Clarks GullyAureka steps into production with mine and mill acquisitionPolymetals lifts Endeavor resource despite depletionImpact Minerals Scoping Study backs US high-purity alumina plantTolu Minerals fully funded for Tolukuma restartGreat Boulder extends ‘high-grade’ gold at Peak Hill Bullish lithium signals among recent price weaknessFirst Au to acquire Sandstone gold projectBluebird Mining all-in on gold after offloading South Korean assetsOD6 expands Mammoth fluorspar target by over 50%Mining veteran joins Peako board to strengthen Saudi strategyManuka raises $14.5 million for Wonawinta ramp-upLunnon’s Lady Herial generates $39 millionResources Victoria’s Mining Pathways creates stronger career avenueVertex secures $4.2 million for gold processing in NSWAustralasian Metals targets Côte d’Ivoire lithium pairKaoko raises $20 million for Chalkos drillingGreen & Gold launches rights issue for copper drillingIltani widens Orient silver-indium systemLegacy weighs larger Mt Carrington operationLarvotto extends ‘high-grade’ gold zones at Clarks GullyAureka steps into production with mine and mill acquisitionPolymetals lifts Endeavor resource despite depletionImpact Minerals Scoping Study backs US high-purity alumina plantTolu Minerals fully funded for Tolukuma restartGreat Boulder extends ‘high-grade’ gold at Peak Hill
 

Mining.com.au | Mining News Australia

Deals & Dollars

First Au

First Au to acquire Sandstone gold project

First Au (ASX:FAU) has entered a binding agreement to acquire the Sandstone Gold Project in Western Australia for $900,000 plus deferred consideration. The acquisition comprises five tenements covering approximately 3.5km of the prospective Mayard Greenstone Belt in the Sandstone gold district. Under the terms, First Au will pay $350,000 in cash, $400,000 in shares, and $150,000 in deferred consideration. The…

| By Paula Fabe
Bluebird Mining Ventures Korea project

Bluebird Mining all-in on gold after offloading South Korean assets

Bluebird Mining Ventures (LSE:BMV) has completed the disposal of interests in the Gubong and Kochang projects located in South Korea, as the company repositions towards a gold streaming, mining, and treasury business model. In consideration for the interest in both projects, the company received a nominal cash sum and retained a 2.5% net smelter return royalty over each asset. The…

| By Aaliyah Rogan
Vertex Minerals Reward Mine

Vertex secures $4.2 million for gold processing in NSW

Vertex Minerals (ASX:VTX) has secured $4.2 million in convertible loan facilities to advance gold processing at its Hill End Gold Project in New South Wales. The commitments come from sophisticated and professional investors, including $600,000 from Executive Chairman Bruce McInnes. Unrelated investors account for up to $3.6 million. Subject to shareholder approval, the principal and accrued interest convert into ordinary…

| By Paula Fabe
Aureka High Grade Holdings acquisition

Aureka steps into production with mine and mill acquisition

Aureka (ASX:AKA) has entered a binding agreement to acquire 100% of High Grade Holdings (HGH) for $8.9 million, gaining the operating Fiddlers Creek gold and silver mine and Wedderburn gold processing mill in Victoria. The majority scrip transaction comprises $2.5 million cash and $6.4 million in Aureka shares, plus $500,000 in rehabilitation bond reimbursements. Under the terms, up to $2…

| By Paula Fabe

Tolu Minerals fully funded for Tolukuma restart

Tolu Minerals’ (ASX:TOK) Tolukuma gold mine is fully funded through to production after the company accepted a K95 million ($29.5 million) debt facility from Papua New Guinea bank National Banking Corporation (NBC). The debt facility has a five-year term from drawdown with an interest rate of 9.6% per annum, secured over Tolu’s assets and subject to customary conditions, which the…

| By Maddison Elliott

VIDEOS/INTERVIEWS

Mt Malcolm puts Calypso on the launch pad

Mt Malcolm Mines (ASX:M2M) is gearing up for a fresh push at the Calypso Gold Project in Western Australia, with reverse circulation (RC) and diamond drilling set to test one of the company’s key Leonora gold targets. Managing Director Trevor Dixon breaks down what comes…

| By Shae Russell

gold

First Au

First Au to acquire Sandstone gold project

First Au (ASX:FAU) has entered a binding agreement to acquire the Sandstone Gold Project in Western Australia for $900,000 plus deferred consideration. The acquisition comprises five tenements covering approximately 3.5km of the prospective Mayard Greenstone Belt in the Sandstone gold district. Under the terms, First Au will pay $350,000 in cash, $400,000 in shares, and $150,000 in deferred consideration. The…

| By Paula Fabe
Bluebird Mining Ventures Korea project

Bluebird Mining all-in on gold after offloading South Korean assets

Bluebird Mining Ventures (LSE:BMV) has completed the disposal of interests in the Gubong and Kochang projects located in South Korea, as the company repositions towards a gold streaming, mining, and treasury business model. In consideration for the interest in both projects, the company received a nominal cash sum and retained a 2.5% net smelter return royalty over each asset. The…

| By Aaliyah Rogan
Peako website

Mining veteran joins Peako board to strengthen Saudi strategy

Peako (ASX:PKO) has appointed former Rio Tinto (ASX:RIO) executive Stephen McIntosh as non-executive director to strengthen its Saudi Arabian gold strategy. McIntosh brings 39 years of global mining experience, including 33 years with Rio Tinto, where he served as group executive, growth and innovation and global head of exploration. He currently serves as senior adviser to EMR Capital and Chalice…

| By Paula Fabe
Aerial image of the completed Lady Herial gold open pit

Lunnon’s Lady Herial generates $39 million

Lunnon Metals (ASX:LM8) has completed open pit mining at Lady Herial ahead of schedule, with the operation set to generate approximately $39 million in attributable pre-tax free cash flow. The company mined 303,437 tonnes @ 1.68 grams per tonne gold (Au), resulting in 14,910 ounces sold after applying the 91% metallurgical recovery rate under its ore purchase agreement. The ore…

| By France Pinzon
Vertex Minerals Reward Mine

Vertex secures $4.2 million for gold processing in NSW

Vertex Minerals (ASX:VTX) has secured $4.2 million in convertible loan facilities to advance gold processing at its Hill End Gold Project in New South Wales. The commitments come from sophisticated and professional investors, including $600,000 from Executive Chairman Bruce McInnes. Unrelated investors account for up to $3.6 million. Subject to shareholder approval, the principal and accrued interest convert into ordinary…

| By Paula Fabe

EXPLORATION

Mt Malcolm puts Calypso on the launch pad

Mt Malcolm Mines (ASX:M2M) is gearing up for a fresh…

Peako website

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