Saracen goes for gold with $1bn swoop on Super Pit half-stake

Original article by Perry Williams, Nick Evans
The Australian – Page: 17 & 18 : 18-Nov-19

Sources have suggested that Saracen Mineral Holdings will seek to tap investors for more than $600m to help finance the acquisition of Barrick Gold’s 50 per cent stake in the Super Pit mine in Western Australia. Final bids for the stake were lodged on 15 November, and Barrick is expected to shortly announce Saracen as the successful bidder. The sale price is believed to exceed $1bn. Newmont Goldcorp is expected to seek a buyer for its 50 per cent stake in the gold mine.

CORPORATES
SARACEN MINERAL HOLDINGS LIMITED – ASX SAR, BARRICK GOLD CORPORATION, NEWMONT GOLDCORP, NORTHERN STAR RESOURCES LIMITED – ASX NST

Gold shines on great western front

Original article by Nick Evans
The Australian – Page: 17 & 18 : 5-Aug-19

The Gruyere gold mine in Western Australia is slated to produce about 300,000 ounces of gold a year over a 12-year mine life. The mine is a joint venture between Australian-listed Gold Road Resources and South Africa-based Gold Fields, with the latter having been brought in to develop and operate the greenfield project. Gold Fields’ other assets in Australia include Agnew, St Ives and Granny Smith mines, and its Australasian executive vice-president Stuart Mathews has downplayed suggestions that it could offload any of them.

CORPORATES
GOLD ROAD RESOURCES LIMITED – ASX GOR, GOLD FIELDS LIMITED, REGIS RESOURCES LIMITED – ASX RRL, EVOLUTION MINING LIMITED – ASX EVN, NORTHERN STAR RESOURCES LIMITED – ASX NST, SILVER LAKE RESOURCES LIMITED – ASX SLR, RAMELIUS RESOURCES LIMITED – ASX RMS, DACIAN GOLD LIMITED – ASX DCN, GASCOYNE RESOURCES LIMITED – ASX GCY

Gascoyne taps bank to fend off takeovers

Original article by Paul Garvey
The Australian – Page: 15 : 14-Jan-19

Potential takeover target Gascoyne Resources has appointed Macquarie as its adviser to help it defend any unwanted bids. Gascoyne’s main asset is the 1.3 million ounce Dalgaranga gold project in Western Australia, but Gascoyne has encountered issues with its processing plant and lower-than-expected grades from some pits, while the company has been the subject of management instability in recent times, with the resignation of both MD Mike Dunbar and chairman Ian Murray. Gascoyne advised on 24 December that it expected Dalgaranga to produce between 92,000 and 102,000 ounces of gold in calendar 2019.

CORPORATES
GASCOYNE RESOURCES LIMITED – ASX GCY, MACQUARIE GROUP LIMITED – ASX MQG, SILVER LAKE RESOURCES LIMITED – ASX SLR, DORAY MINERALS LIMITED – ASX DRM, RAMELIUS RESOURCES LIMITED – ASX RMS, EXPLAURUM LIMITED – ASX EXU, APHRODITE GOLD LIMITED, EXCELSIOR GOLD LIMITED, NORTHERN STAR RESOURCES LIMITED – ASX NST, TRIBUNE RESOURCES LIMITED – ASX TBR, RAND MINING LIMITED – ASX RND

Merged miners see more gold deals on horizon

Original article by Paul Garvey
The Australian – Page: 24 : 12-Dec-18

Gold miner Horizon Minerals will have a market capitalisation of around $64m and will be headed by Intermin Resources MD Jon Price. Horizon has been formed via a merger between Intermin and MacPhersons Resources, and Price says the new company already has its sights on potential gold acquisitions in Western Australia. Other recent deals in Australia’s gold sector include the merger between Silver Lake Resources and Doray Minerals.

CORPORATES
HORIZON MINERALS LIMITED, INTERMIN RESOURCES LIMITED – ASX IRC, MACPHERSONS RESOURCES LIMITED – ASX MRP, SILVER LAKE RESOURCES LIMITED – ASX SLR, DORAY MINERALS LIMITED – ASX DRM, BARDOC GOLD LIMITED – ASX BDC, EXCELSIOR GOLD LIMITED

UK gold miner eyes dual listing

Original article by Paul Garvey
The Australian – Page: 28 : 28-Nov-18

London-listed Greatland Gold has indicated that it is considering the option of a dual listing on the Australian sharemarket. The company’s shares rallied after it announced that a drilling program in Western Australia’s Paterson Range had intercepted high-grade gold and copper mineralisation. MD Gervaise Heddle says Australian investors have a greater appreciation of the local mining sector than their British counterparts, so it could make sense to make it easier for Australians to buy Greatland’s stock.

CORPORATES
GREATLAND GOLD PLC, RIO TINTO LIMITED – ASX RIO, NEWCREST MINING LIMITED – ASX NCM, MERRILL LYNCH (AUSTRALIA) PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, DDH1 DRILLING PTY LTD

Pilbara gold believer Novo Resources plans to start bulk-mining next year

Original article by Angela East
stockhead.com.au – Page: Online : 5-Oct-18

Novo Resources chairman Quinton Hennigh has told the recent Precious Metals Investment Symposium in Perth that it plans to start bulk-mining in the Pilbara region in 2019. However, it is yet to advise markets as to possible grades or reserves for its conglomerate gold projects. Canadian billionaire Eric Sprott, who is Novo’s second biggest shareholder, told the symposium that the best way to find out what sort of gold resources the Pilbara has is to probably just start mining. The Pilbara has similar geological formations to the Witwatersrand Basin in South Africa, which is the world’s most productive gold region.

CORPORATES
NOVO RESOURCES CORPORATION, KIRKLAND LAKE GOLD LIMITED – ASX KLA

Gold mother lode unearthed underground in Kambalda delivers $15 million in just four days

Original article by Jarrod Lucas
abc.net.au – Page: Online : 10-Sep-18

RNC Minerals still intends to sell its Beta Hunt mine near Kambalda in outback Western Australia, despite what has been described as a "once-in-a-lifetime discovery" of gold-bearing rock. Local miner Henry Dole has been credited with the discovery, with the rocks being discovered around 500 metres below the surface. Mine workers retrieved over $15 million worth of gold-encrusted rocks in just four days, with one rock weighing 90 kilograms and another weighing 60 kilograms. RNC, which is based in Canada, put the Beta Hunt mine on the market some months ago.

CORPORATES
ROYAL NICKEL CORPORATION

Haoma Mining shares can now be bought or sold via PrimaryMarkets trading platform – see last link under above Financial Indicators

Original article by
Haoma Mining NL Announcements – Page: Online : 15-Jun-18

PrimaryMarkets provides a transparent and easy to use share trading platform that investors can use to trade shares in a range of companies including Haoma. The last item under the above ‘Financial Indicators’ is linked to current Trade Notices for buying and selling of shares in Haoma. Haoma’s Directors are considering how the recent significant changes in Atlas Iron shareholding could be a benefit. Haoma has a significant royalty entitlement under an agreement with Atlas Iron which involves the Mt Webber Dalton iron ore reserves. In addition Haoma holds nearly tenements which contain gold & PGM, iron ore, lithium, rare earths and nickel.

CORPORATES
HAOMA MINING NL, PRIMARY MARKETS, ATLAS IRON LIMITED – ASX AGO

Haoma establishes share trading hub Ecosystem with PrimaryMarkets for secondary trading of Haoma Mining Shares

Original article by Roy Morgan
Haoma Mining NL Announcements – Page: Online : 29-May-18

Since being unnecessarily delisted by the ASX in February, Haoma has worked to identify a suitable and cost-effective platform for easy trading of Haoma’s shares and can now advise that this has been achieved with the appointment of PrimaryMarkets to establish on their platform a Haoma Mining NL private share trading hub known as the ‘EcoSystem’. Existing Haoma shareholders or prospective shareholders wishing to sell or purchase shares in Haoma Mining will be able to register buy and sell offers within the Ecosystem. Sell and buy offers will be transacted and settled in accordance with the Haoma share trading rules as published on the Ecosystem. The Ecosystem will open on Wednesday June 6, 2018. Further details on the benefits of using the Ecosystem are available at this PDF link.

CORPORATES
HAOMA MINING NL, PRIMARYMARKETS

Explorer to drill Australia’s deepest hole chasing riches

Original article by Paul Garvey
The Australian – Page: 20 : 5-Mar-18

Artemis Resources intends to drill a hole to a depth of more than 3,300 metres below the surface at its tenement in the Pilbara. The super-deep hole is aimed at gaining more knowledge of the source of the small gold nuggets that have been found near the surface in the Pilbara. Artemis chairman David Lenigas says the junior explorer has had persistent approaches from a major North American resources group about deep-hole drilling.

CORPORATES
ARTEMIS RESOURCES LIMITED – ASX ARV, NOVO RESOURCES CORPORATION, ST BARBARA LIMITED – ASX SBM, NORTHERN STAR RESOURCES LIMITED – ASX NST, HOTCOPPER AUSTRALIA LIMITED, CRA LIMITED