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Western Australia
 
CAPITAL RAISE

Rox raises cash to fund Fisher East work

Explorer Rox Resources has raised A$4.5-million in a share placement. The company announced on Friday that it had placed about 104.6-million shares, in a single tranche, priced at 4.3c a share. The funds raised would allow the company to continue...
19th September 2014
 
OIL & GAS

AWE-Origin onshore gas find may be WA’s largest since 1960s

The share price of ASX-listed oil and gas company AWE increased by nearly 15% on Thursday after the company announced a major onshore gas discovery in Western Australia. The company said that a gross contingent resource of between 65-billion...
18th September 2014
 
MINING SERVICES

WA leads the way for autonomous mining - Minister

Western Australia will this week play host to International Organisation for Standardisation (ISO), which is in Perth to examine the state's proposed new code for autonomous mining. Western Australia is leading the global implementation of...
18th September 2014
 
IRON-ORE

Flinders lowers capital cost for Pilbara project

Iron-ore hopeful Flinders Mines has lowered the development cost for its flagship Pilbara iron-ore project, in Western Australia. A 2011 prefeasibility study estimated that the project would require A$488-million in capital to support a Stage 1...
18th September 2014
 
COPPER

Nifty not covered by insurance - Aditya Birla confirms

Copper miner Aditya Birla on Thursday confirmed that the sinkhole incident at its Nifty mine, in Western Australia, was not covered under its insurance. Earlier this month, the insurer’s loss adjuster claimed that the land and mine workings...
18th September 2014
 
EXPLORATION

Focus and Cobre ink JV agreement in WA

ASX-listed juniors Focus Minerals and Cobre Montana have executed a joint venture (JV) over the Coolgardie project, in Western Australia, to hunt for rare metals. The Coolgardie tenement covers 20 prospecting licences and two mining leases, and...
17th September 2014
 
CORPORATE ACTIVITY

Poseidon extends loan agreement with Forrest

Nickel developer Poseidon Nickel has extended the terms of an A$8-million loan facility with the Minderoo Foundation, which was founded by mining heavyweight Andrew Forrest. The current loan period was set to expire on October 1, but Poseidon...
17th September 2014
 
ALUMINA

AMMG launches alumina BFS

ASX-listed Australia Minerals and Mining Group (AMMG) has launched a bankable feasibility study into its South West high-purity alumina project, in Western Australia. The study would be based on the development of a 3 000 t/y high-purity alumina...
16th September 2014
 
VANADIUM

Yellow Rock completes vanadium study in WA

A concept study by ASX-listed junior Yellow Rock Resources has revealed that about A$230-million would be required to bring the Gabanintha vanadium project, in Western Australia, into production. The study estimated that a...
15th September 2014
 
M&A

Norton set sights on remaining Bullabulling shares

Gold miner Norton Gold Fields would start with the compulsory acquisition of takeover target Bullabulling Gold, after securing an interest of more than 90%. “We are extremely pleased with this outcome and note that the addition of mineral...
15th September 2014
 
EXPLORATION

PepinNini takes option over WA project

ASX-listed junior PepinNini Minerals has taken a A$150 000 option over the Manchego project, in Western Australia, owned by fellow-listed Phosphate Australia. Under the terms of the option, PepinNini subsidiary NiCul Minerals would take a...
15th September 2014
 
GOLD

Millennium posts half-year loss but revenue, output rise

Gold miner Millennium Minerals has reported a A$12.49-million after-tax net loss for the six months to June, compared with a net profit of A$34.14-million in the previous corresponding period. The miner told shareholders on Friday that the...
12th September 2014
 
 
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