Sunrise Resources plc has conditionally raised £200,000 through a 17.1% discounted placing of 1,176,470,588 new ordinary shares of 0.001p each, at 0.017 pence per placing share. TVRs The company said that half of the amount raised was from a single new institutional investor. Those participating in the fundraise included executive chairman Patrick Cheetham who subscribed […]
Tag: Australia
Red Rock raises £200,000 via placing
Red Rock Resources plc has raised £200,000 by placing 597,014,925 new ordinary shares at 0.0335 pence per share. Following admission, Red Rock’s issued ordinary share capital will comprise 5,655,797,411 ordinary shares, each with voting rights. The company holds no shares in treasury. Proceeds will be for year-end accounting costs, acquisition and transport of gold mining […]
Panther sells Australia holding
Panther Metals plc has sold its 18,223,306 shares in Panther Metals Ltd for net proceeds of £219,000 (AUD421,328). STRATEGY Chief executive Darren Hazelwood said that the company’s exit was not a reflection of the Australian company. “Our own strategy is clearly focused on making a transformative discovery on our own highly prospective portfolio, as that […]
Cadence investee intercepts pegmatitic intrusions
Cadence Minerals plc investee company has intercepted pegmatitic intrusions in multiple locations at the Bynoe project, 50km south of Darwin. EVIDENCE Evergreen Lithium Ltd, in which Cadence currently holds 8.74%, logged air core drill samples at the Lunchbox and Frogmouth prospects, identifying pegmatites close to surface. Cadence said that early drilling provided evidence that that […]
New Ballarat extends sale & purchase date
Power Metal Resources plc has agreed to extend the sale date of its 49.9% interest in its Australian gold joint venture to partner Red Rock Resources plc because of a national public holiday. EXPLORATION Red Rock owns 50.1% of New Ballarat Gold Corporation plc, which wholly owns Red Rock Australasia Pty Ltd (RRAL), the local operator with […]
Power Metal completes Wilan merger
Power Metal Resources plc has agreed the merger, announced in December 2022, of its Wilan IOCG* project in South Australia with additional licences in Queensland, and the subsequent sale. INCUBATOR The expanded portfolio includes Wilan’s two exploration licences over a total 1,994km2 in the Olympic Dam precinct and the Fiery Creek and Bartola copper projects in […]