Latest News

Goldminers Piling Up Cash

Goldminers piling up cash: The Australian Financial Review, Brendon Lau. Gold producers are accumulating cash at a faster rate than most others in the mining fraternity, and the strategic investment by Northern Star Resources offers a small taste of what is likely to come.

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Matrix Raising $36.7M

Matrix Composites & Engineering has been forced to launch a discounted $36.7 million capital raising to shore-up its balance sheet after a technical breach of its debt covenants. The company, which specialises in manufactured products for the oil and gas and resources industries, announced today that it would seek to raise $25.9 million in an institutional placement priced at $2.10 and separately raise $10.8 million in a one-for-15 non-renounceable rights issue, also priced at $2.10

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Enerdrill to the Rescue

TRANSERV Energy and its Warro joint venture partners may have found a solution to the lack of suitable drilling equipment for onshore oil and gas projects in Western Australia. A new WA-based drilling company, Enerdrill, has been formed to provide a new source of drilling rigs and equipment to the onshore oil and gas industry.

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Argonaut Announces Two Senior Appointments

Argonaut is delighted to announce the appointment of two senior mining professionals; Ben Lane & Adam Miethke. Joining as Directors in Corporate Finance and Metals & Mining Research, Ben and Adam have spent over 3 years...

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Azumah Completes C$20 Million Raising

 Azumah Resources Limited ("Azumah" or the "Company") (TSX:AZR)(ASX:AZM) is pleased to announce that it has completed an offering of 50,405,000 ordinary shares of the Company at a price per share of C$0.40 for total gross proceeds of...

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