Stock Market

Gold Road exits race to Apollo after Ramelius sweetens its offer

Acquisition, GOR, AOP, RMS

Highlights Gold Road has withdrawn its bid to acquire gold explorer, Apollo Consolidated Limited. Ramelius Resources has revised its bid to AU$0.34 cash per share and 0.1778 shares of RRL for each share of Apollo. Gold Resources is holding 19....

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Is ASX: NTM Holding All the Aces? Set to Reap Benefits from Merger

Is ASX: NTM Holding All the Aces? Set to Reap Benefits from Merger

Summary NTM Gold Limited and Dacian Gold Limited have declared a merger where Dacian would acquire 100% of the shares in NTM. Both the companies are expecting to capture material benefits for their shareholders through strategic consolidation o...

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Sultan Resources (ASX:SLZ) continues drilling at Tucklan, concludes IP Survey at Razorback

Sultan Resources (ASX:SLZ) continues drilling at Tucklan, concludes IP Survey at Razorback

Summary Sultan completes IP survey at the Razorback prospect, results awaited The gold explorer continues the drilling program at Tucklan and will commence drilling on diamond tails after the Christmas break IP survey at Big Hill and Gowan Gre...

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Horizon Minerals (ASX:HRZ) wraps up third Boorara milling campaign with $3.6 million in net cash flow

Horizon Minerals (ASX:HRZ) wraps up third Boorara milling campaign with $3.6 million in net cash flow

Summary Horizon Minerals (ASX:HRZ) completed the third toll milling campaign at the Lakewood processing facility. The Campaign consisted of ore treatment from Crown Jewel, Regal East and Regal West trial pits and demonstrated excellent mill per...

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Musgrave Minerals’ (ASX:MGV) $18 Mn Capital Raise Set to Boost Cue Project Development

Musgrave Minerals’ (ASX:MGV) $18 Mn Capital Raise Set to Boost Cue Project Development

Summary Musgrave Minerals (ASX:MGV) has secured firm commitments for $16 million (before costs) via successful Share Placement. The Company intends to raise $2 million through the Share Purchase Plan (SPP) offered to eligible shareholders. The...

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First Au (ASX:FAU) has the first-mover edge at Victorian Goldfields

First Au (ASX:FAU) has the first-mover edge at Victorian Goldfields

Summary FAU holds a major landholding in Victoria, which includes the Victorian Goldfields Project and the highly prospective Snowstorm project Haunted Stream produced 25,000 ounces of gold between 1863 and 1917, extracting gold ores at a grade...

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Five Factors that fuelled Middle Island Resources’ (ASX:MDI) High-Octane 2020

Five Factors that fuelled Middle Island Resources’ (ASX:MDI) High-Octane 2020

Undoubtedly, gold explorer Middle Island Resources Limited (ASX:MDI) has utilised the year 2020 to maximum advantage despite COVID-19 storm. Cutting the mustard with its sound exploration endeavours, Middle Island has made astonishing progress at i...

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A new gold miner Aurumin Limited (ASX:AUN) marked 75% listing gain

A new gold miner Aurumin Limited (ASX:AUN) marked 75% listing gain

Summary A new gold miner Aurumin Limited (ASX:AUN) made its debut with a 75% gain. The company raised $7 million via the issue of 35 million shares at $0.2 per share. The raised funds would be sufficient for the next two years of operation; ho...

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Horizon Minerals’ (ASX:HRZ) Rose Hill Project Boasts Excellent Open pit and Underground Grades

Horizon Minerals’ (ASX:HRZ) Rose Hill Project Boasts Excellent Open pit and Underground Grades

Summary A new independent open pit and underground Mineral Resource estimates at Rosehill project has been compiled using new 2020 drilling data.  Horizon completed a highly successful diamond and RC drilling programs at the project Miner...

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Kaiser Reef Limited (ASX:KAU) Prospectus is now Open

Kaiser Reef Limited (ASX:KAU) Prospectus is now Open

Summary Kaiser Reef seeks to raise $7.5 million, issuing 25,000,000 shares at an issue price of $0.30 a share KAU aiming to become a high-grade gold producer The gold player would emerge as a gold producer upon re-listing on ASX The existing ...

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Musgrave Reports High-Grade, Near-Surface Gold At Target 17 On Cue Project

Musgrave Reports High-Grade, Near-Surface Gold At Target 17 On Cue Project

Summary Drilling program targeting Starlight analogues at Musgrave’s Cue project has delivered a robust and high-grade gold result.  Target 17 returned 6m @ 11.5g/t Au from 18m (20MUAC259) within a broader interval of 24m @ 3.4g/t Au...

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