Alara raises $30m for Saudi Arabia base-metals project

Perth-based explorer Alara Resources has completed a A$30,24-million capital raising, to fund the development of its flagship Khnaiguiyah zinc/copper project, in Saudi Arabia. Alara would place 84-million shares, at 36c a share, to raise the funds.

Dourado plans to list uranium assets in IPO

ASX-listed Dourado Resources would seek shareholder approval to divest of its uranium assets in the Northern Territory, through the spin-out of a wholly owned subsidiary, the company announced on Wednesday. Dourado would float the subsidiary,...

Spitfire secures stake in Northern Territory exploration licences

ASX-listed explorer Spitfire Resources has secured a 70% interest in a group of seven exploration licence applications which have been lodged around the Lindeman’s Bore project, in the Northern Territory. The project is owned and operated by...

Company Announcement: Apollo Signs Native Title Agreement for Mt Oscar Project

Attached please find a press release on: Apollo Minerals Limited (Apollo or the Company) is pleased to advise that it has signed a Native Title and Aboriginal Heritage Agreement with the Ngarluma People, the traditional owners of the country in...

Global finance body backs sustainable mine development

The private sector arm of the World Bank Group, the International Finance Corporation (IFC), has bought a 5% stake in Rio Tinto’s Simandou iron ore project in Guinea.

Miners in agreement for Oz nickel project exploration

Australian Stock Exchange Nickel Australia announced yesterday that it has entered into an agreement with Hannans Reward (Hannans) whereby Hannans has granted to Nickel Australia the sole and exclusive right to undertake an exploration programme...