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Reward studies 400 000 t/y potash project in WA

By: Esmarie Swanepoel     Updated 12 minutes ago A scoping study into the LD potash project, in Western Australia, has revealed that the project could produce 400 000 t/y. Owner Reward Minerals on Thursday announced that the project would require a capital investment of about A$320-million, and would likely have an operating cost of A$204/t. 

Crusader raises funds for Brazilian gold project

By: Esmarie Swanepoel     Updated 14 minutes ago Brazil-focused Crusader Resources has raised A$3.3-million through a share placement to fund accelerated exploration work at the Juruena gold project. The share placement would be conducted in two tranches, with the first trache consisting of more than seven million shares, priced at 17c each,... 

Cokal hammers out takeover details

By: Esmarie Swanepoel     Updated 16 minutes ago ASX-listed takeover target Cokal has started detailed discussions with Indonesia’s PT Cakra Mineral (CKRA) in the hopes of finalising the takeover deal. CKRA last month launched a takeover offer for Cokal, offering shareholders the option of either 15c in cash for each share held, valuing the... 

Talga approved for trial mining in Sweden

By: Esmarie Swanepoel     Updated 18 minutes ago Sweden's environmental authorities have given ASX-listed Talga Resources the green light to start graphite test mining at its Vittangi project. The test mining permit will allow for the removal of 2 000 m3 of graphite ore within a specified part of the Nunasvaara resource, and will be valid... 

PanAust shareholders told to take no action

By: Esmarie Swanepoel     Updated 19 minutes ago Gold miner PanAust on Thursday told shareholders to hold off on taking action regarding a takeover offer from shareholder Guangdong Rising Asset Management (Gram). Earlier this week, Gram announced its intention to launch a takeover offer for PanAust, offering a cash price of A$1.71 for each... 

White Cliffs reports maiden resource in Kyrgyz Republic

By: Esmarie Swanepoel     Updated 22 minutes ago ASX-listed junior White Cliff Minerals has reported a maiden copper and gold resource at its Chanach project, in Kyrgyz Republic. A maiden inferred resource of 1.15-million tonnes, grading 4.2 g/t gold, for 156 000 oz of gold was estimated at the Aucu gold deposit, while the Chanach copper... 

Consol Energy's thermal coal unit files for IPO

By: Reuters     Updated 4 hours ago CNX Coal Resources, Consol Energy's thermal coal business formed as a master limited partnership (MLP), filed for an initial public offering with US regulators on Wednesday, as Consol shifts focus to boosting natural gas production. Coal miners have been weighed down by a switch by US utilities... 

Aquila Resources closes $20.75m financing

By: Henry Lazenby     Updated 6 hours ago TSX- and Frankfurt-listed Aquila Resources has closed a private placement and a silver purchase agreement for total funding of $20.75-million with Orion Mine Finance. The development-stage company, which was focused on developing the 100%-owned Back Forty gold/zinc project, in Michigan's Upper... 

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