Old Pirate has new tricks for ABM

A scoping study into gold developer ABM Resources’ Old Pirate Stage 1 openpit project found that a capital investment of A$27.1-million could support a 261 000 oz gold operation. The Old Pirate gold deposit, in the Northern Territory, is on the...

ABM declares maiden resource for Buccaneer in NT

ASX-listed ABM Resources has declared a maiden Joint Ore Reserves Committee-compliant inferred resource of 1,67-million ounces for its Buccaneer porphyry gold prospect, in the Northern Territory. An inferred resource of 65,8-million tons, grading...

ABM Resources share placement oversubscribed

ASX-listed gold explorer ABM Resources has raised more than A$10,7-million in a share placement that was oversubscribed by 300%. The company has arranged the placement of shares to institutional and sophisticated investor clients at A$0,035 a share.

Newmont approves sale of Australian gold project to Tanami

Australian junior Tanami Gold would move ahead with exploration activities at the Groundrush project in the Northern Territory in April, MD Graeme Sloan said on Wednesday. This comes as US gold major Newmont Mining’s board approved the sale of...