SYDNEY: MinRex Resources Limited (ASX:MRR) and Electrum Discovery Corp. (TSX-V:ELY) announced on Tuesday a definitive agreement to merge in an all-share transaction, creating a new, well-capitalized gold and copper exploration company focused on assets in Serbia and Australia. The merger, structured as a plan of arrangement under British Columbia law, will see MinRex acquire 100%…
BRISBANE – Clara Resources Australia Limited (ASX: C7A) announced Friday it has entered a binding agreement to acquire 100% of the Hodgkinson Basin Gold Project, a 265-square-kilometer tenement package in Far North Queensland. The project is located in the historically productive Hodgkinson Province, an area that has yielded over 1.6 million ounces of gold. The…
LONDON – Ajax (AQSE: AJAX), a UK-listed natural resources investment company, said on Thursday it has signed heads of terms to acquire Brazil’s Pereira Velho gold project from Appian Capital Advisory, one of the world’s largest mining-focused private equity groups. The deal will see Ajax acquire 100% of Pereira Velho Exploração S.A. (PVESA), which owns…
PERTH – Skylark Minerals Limited (ASX: SKM) announced Tuesday it has agreed to acquire a portfolio of advanced gold assets in Côte d’Ivoire, West Africa, a move that establishes the company as an emerging gold explorer in the region. The acquisition, secured for a total consideration of approximately A$6.0 million, is centered on the Zaranou Project,…
PERTH: Dalaroo Metals Ltd (ASX: DAL) announced Wednesday it will acquire four advanced gold exploration permits in Côte d’Ivoire, West Africa, marking a strategic expansion into one of the continent’s most prospective gold provinces. The acquisition includes two granted tenements and two applications totaling 1,368 square kilometers across the Birimian Greenstone Belts. The permits—Djekanou, Yamoussoukro,…
PERTH: Bindi Metals Ltd. (ASX: BIM) announced Thursday it has entered into a binding agreement to acquire up to an 80% interest in the Ravni gold project in southern Serbia, a move that significantly expands its footprint in the highly prospective Raska mining district. The Ravni project spans 30.5 square kilometers and is located 30…
PERTH: E79 Gold Mines Ltd. (ASX: E79) announced Thursday it has entered a binding agreement to acquire the Cue Gold Project, located in the highly prospective Day Dawn Goldfield of Western Australia’s Murchison region. The company also said it secured binding commitments for a $3 million (Australian) capital raising to accelerate exploration at the new…
MEDELLIN: Mineros S.A. (TSX:MSA, MINEROS:CB), a leading Latin American gold producer, has announced the successful acquisition of the remaining 80% interest in the La Pepa Project from Pan American Silver Corp. for approximately US$40 million. With this transaction, Mineros now holds 100% ownership of the advanced-stage gold exploration asset located in Chile’s prolific Maricunga Gold…
BRISBANE: AuKing Mining Ltd. (ASX: AKN) announced Thursday it has entered into a binding agreement to acquire 100% of Orion Resources Pty Ltd, granting full ownership of the Cloncurry Gold Project in north-west Queensland. The acquisition, valued at A$33 million, will be completed in two stages. AuKing will accelerate its initial 50% acquisition for A$5…
PERTH: Gateway Mining Ltd. (ASX: GML) has acquired an 80% stake in the Glenburgh South Gold Project, a 620-square-kilometer tenement in Western Australia’s Gascoyne region, adjacent to Benz Mining Corp’s high-grade Glenburgh Project. The acquisition positions Gateway alongside one of the most active gold exploration corridors in the state, with early signs of mineralisation mirroring…
PERTH: Aurumin Ltd. (ASX:AUN) has executed binding agreements to divest all non-core assets in a series of transactions totaling A$6 million, enabling the company to fast-track development of its flagship Sandstone Gold Project in Western Australia. The divestment package includes the sale of Sandstone non-gold/silver rights, the Johnson Range and Mt Dimer projects, and Aurumin’s…
SYDNEY: Moonlight Resources Ltd., a 44.7% owned entity of Lithium Plus Minerals Ltd. (ASX: LPM), has agreed to acquire the Clermont Gold Project in Queensland from Diatreme Resources Ltd. (ASX: DRX), positioning itself for an initial public offering on the Australian Securities Exchange. The A$3.5 million transaction includes A$3.25 million in Moonlight scrip and A$250,000…