Magma shareholders told to accept revised Panoramic offer

The board of takeover target Magma Metals has changed its recommendation on the Panoramic Resources bid, and has now urged shareholders to accept the revised offer. Panoramic launched its two-for-17 share offer in February, which Magma, at the...

Panoramic buys WA project from Platinum Australia

ASX-listed Platinum Australia has sold its Panton platinum-group metals (PGM) project, in Western Australia, to fellow listed Panoramic Resources for A$5.25-million and a net smelter return of 0.5%. The project is estimated to contain a resource...

Magma persists in rejecting Panoramic offer

Takeover target Magma Metals on Wednesday lashed out at ASX-listed Panoramic Resources’ efforts to persuade shareholders to accept the offer. In February, Magma Metals labelled the takeover offer as “opportunistic”, advising shareholders to...

Magma labels Panoramic offer opportunistic

ASX-listed Magma Metals on Monday labeled a takeover offer by fellow listed Panoramic Resources as “opportunistic”, and has advised shareholders to hold off on taking any action. At the start of this month, nickel miner Panoramic launched an...

Panoramic bids for Magma Metals

Nickel miner Panoramic Resources on Friday launched an off-market takeover bid for ASX- and TSX-listed Magma Metals. Panoramic, which is listed on the ASX, said it was prepared to pay Magma shareholders two of its own shares for every 17 shares...

Lanfranchi project, Australia

A Panoramic Resources-controlled mine situated in Australia.

Panoramic to reopen WA gold mine, eyes higher nickel output

ASX-listed Panoramic Resources said on Tuesday that its recently-acquired Gidgee gold project, in Western Australia, would likely return to production within the next two years. Panoramic MD Peter Harold said on the sidelines of the Diggers &...

Savannah Project, Australia

A Panoramic Resources-owned mine, situated in Australia.

Apex sells Gidgee to focus on Wiluna

ASX-listed Apex Minerals has sold its Gidgee gold exploration project, in Western Australia, to Panoramic Resources for A$15,5-million in cash. Apex told shareholders on Monday that the proceeds of the sale would form part of the company’s...

Company Announcement: Sells Gidgee exploration project for $15.5M

Attached please find a press release on: Apex Minerals NL (ASX: AXM) announces that it has taken a significant step forward in its strategy to grow production and strengthen its financial position by selling its Gidgee Exploration Project in WA to...

Panoramic enters into JV with Territory Uranium

ASX-listed Panoramic Resources has entered into a farm-in agreement with Territory Uranium, to earn up to 80% in the Bluebush copper/gold project, in Tennant Creek. Panoramic Resources has agreed to spend $500 000 in the first 12 months of the...

Impact aims to advance W Australia uranium project this year

Australia-based Impact Minerals would focus on progressing its Western Australian uranium project in 2009, after a recent state election resulted in a more positive attitude towards uranium mining. The company reported that although legislation...