Straits raises A$30m, looks for new Hillgrove buyer

Gold and copper developer Straits Resources has raised some A$30-million through a share placement. The company said on Friday that it would place 48.4-million new fully paid ordinary shares to sophisticated and professional investors, at an...

Argonaut wants S Australia govt to focus on legislation change

ASX-listed Argonaut Resources on Friday welcomed the Australian High Court’s decision to reject an application by the South Australian government to appeal against a Supreme Court decision that overturned an approval by the Aboriginal Affairs...

Emu abandons Hillgrove plans

ASX-listed Emu Nickel has called off its acquisition of fellow listed Straits Resources’ Hillgrove gold project, in New South Wales, after failing to raise sufficient funds. Emu offered A$40-million for the Hillgrove project, consisting of a...

Slower Chinese growth puts breaks on WA-listed firms

The market capitalisation of Western Australian listed companies comprising the Deloitte WA Index decreased by 2.8% in April, mainly on the back of cooling economic growth in China. The market capitalisation for the companies on the index dropped...

Straits ups resource at Temora

ASX-listed Straits Resources has increased its resource inventory at the Temora copper-gold project, in New South Wales, by some 96%. The project is now estimated to host some 279-million tons, at 0.5% copper equivalent, up from the 142-million...

Straits looks to raise A$50m

Copper and gold developer Straits Resources was looking to raise up to A$50-million through a share placement and share purchase plan to repay its loan facility, terminate offtake agreements, and fund its feasibility and exploration work on its...

Emu changes focus and name with Hillgrove acquisition

ASX-listed Emu Nickel might well become an antimony-gold producer by as early as 2013, after securing the rights to acquire the Hillgrove project, in New South Wales, from fellow listed Straits Resources. Shareholders of Emu were set to meet to...

Argonaut sells down holding in Cuesta Coal

ASX-listed Argonaut Resources has agreed to sell down some A$4-million of its shareholding in coal developer Cuesta Coal as part of that company’s initial public offering (IPO). Argonaut has invested some A$4.85-milion in Cuesta Coal over the...

S Australia appeals overturning of Torrens heritage approval

South Australia has applied to the High Court for special leave to appeal a Supreme Court judgment, overturning an approval by the Aboriginal Affairs Minister allowing ASX-listed Argonaut Resources and Straits Resources access to the Torrens joint...

Court blocks exploration on Aboriginal heritage land

The share prices of explorers Argonaut Resources and Straits Resources took a tumble on Monday, after the Supreme Court of South Australia overturned a decision by the Minister for Aboriginal Affairs and Reconciliation to allow for access to the...

Company Announcement: Interim Funding for Capital Equipment, Wetar Copper Project

Finders Resources Limited announces that two of its major shareholders Taurus Funds Management and Resource Capital Funds have agreed to provide a loan of up to $8 million to Finders.

Staits inks new deal for Tritton copper

ASX-listed Straits Resources on Tuesday reported that it has signed a non-binding memorandum of understanding (MoU) with JP Morgan to restructure its existing offtake agreement from the Tritton copper mine, in New South Wales. The miner said in a...