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Western Australia
 
GOLD

Ramelius hits production targets

Gold miner Ramelius Resources has achieved its production target for the three months ended September, with the miner producing 22 336 oz of gold during the period. This was compared with the June guidance of between 21 000 oz and 23 000 oz.
1st October 2014
 
GOLD

Ord River upgrades K2 resource

Gold hopeful Ord River Resources has reported a 28% increase in the resource at the K2 deposit, which forms part of its Plutonic Dome gold project, in Western Australia. The K2 resource increased to 415 000 t, grading 7.7 g/t gold for 103 000 oz...
1st October 2014
 
GOLD

ABM sets production target for Old Pirate

ASX-listed junior ABM Resources on Tuesday revealed that it would produce between 50 000 oz and 60 000 oz from its Old Pirate gold mine, in the Northern Territory, during its first year of operation. In July this year, ABM received federal...
30th September 2014
 
GOLD

Doray lowers debt with Andy Well revenue

The first revenue stream from the Andy Well mine, in Western Australia, has allowed gold miner Doray Minerals to reduce its debt by 75% during the financial year, to only A$13.9-million. Doray on Tuesday announced that revenue from the Andy Well...
30th September 2014
 
GOLD

Metals X secures funds for gold division

Base and precious metals developer Metals X has raised A$40.44-million through a gold pre-payment arrangement with Citibank. Under the agreement, Citi has advanced the funds to Metals X, with the company taking on the obligation to deliver 1 250...
30th September 2014
 
GOLD

Ord partners with ABM on Suplejack to focus on K2 project

ASX-listed Ord River Resources is bringing in fellow-listed ABM Resources as a partner for its Suplejack gold project, in the Northern Territory, which will free it up to focus on the development of the K2 underground project, in Western Australia.
29th September 2014
 
EXPLORATION

Minotaur launches SPP

ASX-listed explorer Minotaur on Friday launched a share purchase plan (SPP) in the hopes of raising some A$5-million to fund its copper/gold exploration work in Queensland, and its nickel/gold exploration in Western Australia. Shares under the...
26th September 2014
 
IRON-ORE

Roy Hill remains viable in current iron-ore market – CEO

Despite the iron-ore prices falling to historical lows in recent times, iron-ore developer Roy Hill was confident that its A$10-billion namesake project, in Western Australia, remained viable. “We currently have committed long-term sales...
26th September 2014
 
IRON-ORE

Palmer’s Mineralogy to terminate Citic Pacific’s mining right

Mining magnate Clive Palmer’s Mineralogy on Friday announced that it had served a termination notice to China’s Citic Pacific, giving that company a 21-day notice terminating the mining rights over the Sino iron-ore project, in Western...
26th September 2014
 
CAPITAL RAISING

Gold Road raises A$23.2m for exploration

ASX-listed Gold Road Resources on Friday announced that it would raise about A$23.2-million through a share placement to institutional and sophisticated investors. The miner would place some 77.3-million shares, at a price of 30c each, to raise...
26th September 2014
 
GOLD

Northern Star calls for govt action on exploration

Gold miner Northern Star Resources has called on the Western Australian government to invest more on exploration incentives, rather than lobbying an additional tax on the gold industry. Speaking at a Western Australia Mining Club event, in Perth,...
25th September 2014
 
GOLD

Doray replaces Andy Well's first year of production

Gold miner Doray Minerals has increased the resource inventory at its Andy Well gold mine, in Western Australia, by 75 000 oz, replacing the first year of production. In its latest resource and reserve estimate, Doray reported that the mineral...
25th September 2014
 
 
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