Stars align as resources companies enjoy rising optimism
Bellavista Resources considering joint venture partnership at Brumby Project in Western Australia
Bellavista Resources (ASX:BVR) is actively considering development options including executing a joint venture (JV) partnership at its flagship Brumby Project in Western Australia.
Speaking to Mining.com.au on the sidelines of the Resources Rising Stars conference on the Gold Coast yesterday (17 May 2023), Executive Director Mick Wilson says should the company pursue a JV it will likely look more to the majors.
“As a partnership, we are already talking to a few groups. So as a small company, we’re there to create a concept and to prove it exists. And to be fair, this is such a big project that it won’t be out for long. One of the big boys will need it because it’s so big.”
Forrestania Resources pens option deal to snap up 2 tenements contiguous to existing WA landholding
Gold, lithium, and nickel explorer Forrestania Resources (ASX:FRS) has inked a 2-year option agreement with private company Outback Minerals to acquire 4 tenements contiguous to its Leonora Gold Project in Western Australia.
The company reports it will acquire the Alexandra Bore/Breakaway Dam and Bonnie Vale tenements, which are complementary to Forrestania’s existing land position in the Eastern Goldfields area.
Under the option agreement, Forrestania will pay an initial option fee of $50,000 followed by a further $50,000 on the anniversary of the agreement. To exercise this option, Forrestania will be required to issue $950,000 worth of FRS shares and pay $150,000 cash to Outback.
Belararox prepares to settle Toro-Malambo-Tambo Project acquisition, Argentina
Perth-based explorer Belararox (ASX:BRX) is preparing to complete the acquisition of the Toro-Malambo-Tambo (TMT) Base Metal Project in the San Juan Province of Argentina.
The company received shareholder approval for the acquisition of unlisted Australian company Fomo Ventures No 1, which owns TMT, at a general meeting on 27 April 2023. Following the settlement of the deal, Belararox will acquire all the shares in Fomo. Fomo’s Argentinian subsidiary, GWK Minerals, is the registered holder of all 14 tenements that make up the TMT Project.
Under the agreement, Belararox will issue to the seller 2.5 million BRX shares, subject to a 12-month escrow period, 1 million options with an exercise price of $0.95 that expire on 6 June 2023, and 10.5 million performance shares.
Resources Rising Stars?2023 stories
Future Battery Minerals strikes further thick spodumene intersections at Kangaroo Hills Project, WA
Future Battery Minerals (ASX:FBM) has struck further near-surface, thick, spodumene-bearing pegmatites at its 80% owned Kangaroo Hills Lithium Project, shared with Lodestar Minerals (ASX:LSR), in Western Australia.
Newcrest Mining inks $28.8 billion takeover deal with US-gold behemoth Newmont Corporation
Australian gold giant Newcrest Mining (ASX:NCM) has struck a binding scheme implementation deed (SID) for a $28.8 billion takeover by US-based Newmont Corporation (NYSE:NEM).
Alto Metals extends gold mineralisation from drilling at new Cessna prospect in Sandstone Project, WA
Alto Metals (ASX:AME) has extended gold mineralisation to over 3.5km of strike at the new Cessna prospect within the Indomitable Camp area of its Sandstone Gold Project in Western Australia.?
Belararox Limited
(ASX: BRX)
领英推荐
MD Arvind Misra provides an update on the company's projects across NSW, WA, and Argentina
Red 5 Limited
(ASX: RED)
Chief Financial Officer Patrick Duffy discusses the progress of the company's King of the Hills Gold Mine
Future Battery Minerals Limited
(ASX: FBM)
Technical Director Robin Cox discusses the mineralisation intersected in phase two drilling at Kangaroo Hills
Polymetals
(ASX: POL)
Executive Chairman Dave Sproule discusses the new faces joining the company's board
Forrestania Resources Ltd
(ASX: FRS)
MD Michael Anderson discusses the option agreement inked with Outback Minerals
Astral Resources
(ASX: AAR)
MD Marc Ducler discusses new drilling results at Mandilla
Kincora Copper Limited
(ASX: KCC) President and CEO Sam Spring discusses the company's 'strong' Q1 2023
Mining.com.au?is Australia’s leading online daily Mining news service, reaching hundreds-of-thousands of mining professionals, investors, and industry participants each month. The Weekly Wrap-Up provides listeners with a recap of the mining headlines each week.
In this episode, Harry reports on news from Forrestania Resources (ASX:FRS), Future Battery Minerals (ASX:FBM), Red 5 (ASX:RED), and Belararox (ASX:BRX).
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