IGO has confirmed it has started due diligence for a potential takeover of Western Areas which would significantly grow the company’s nickel portfolio.
Mincor Resources has uncovered two high-grade massive sulphide nickel intersections at the Hartley prospect near its Cassini mine in Western Australia.
Panoramic Resources has stockpiled more than half of the ore needed at the Savannah nickel operations in Western Australia for a November production restart.
Poseidon Nickel will refurbish a 1.1-million-tonne-per-annum concentrator as part of its restart of the Black Swan nickel project in Western Australia.
Mincor Resources has completed a $60 million placement to fund an exploration ramp-up at its Golden Mile nickel asset and construction of accommodation at the Cassini nickel mine, both in Western Australia.
Industry leaders predict critical minerals for battery technologies will lead to significant opportunities for the nation’s growing resources sector.
BHP remains confident that its C$325 million ($350 million) takeover bid to acquire Noront Resources is stronger than the offer made by Andrew Forrest’s Wyloo Metals on Monday.
IGO has upped its profits to $549 million for the 2020-21 financial year following the company’s divestment of its Tropicana gold mine interest and successful capital raising.
Wyloo Metals has ramped up a bidding war against BHP for the acquisition of Canada’s Noront Resources with a significantly upgraded offer of $C0.70 ($0.76) per share for the target.
Boadicea Resources is planning an airborne geophysical program at the Clarke Reward gold project in Queensland after the company discovered five target zones for mineralisation. Read more