Gold developer Catalyst Metals was asking investors to chip in $20 million to help development and exploration at its projects in WA’s Eastern Goldfields and Victoria’s Bendigo. The offer was priced at $1 a share, which was a 21.9 per cent discount to the last close and 24.9 per cent lower than the 15-day volume weighted average price. It was structured as a single tranche placement.
Read More“Bendigo is Australia’s second largest goldfield and we have been looking for the extensions north of it. We have long suspected that we sat above it at Boyd’s Dam,” he said, adding that both zones are equally consistent. “It is very promising as it is classic Bendigo-style mineralisation and gives us confidence in moving forward. The Iris Zone is contiguous and consistent in nature.”
Read MoreWomen at Roy Hill work at the only mine in the world where technology and operational responsibility combine to not only achieve a safe work place, but also to join in the battle against breast cancer. Gina Rinehart AO established Australia’s first breast cancer foundation in the early 1990’s, one of the most dangerous health problems for women, one in seven Australia women are diagnosed with breast cancer overtheir lifetime. Women at Roy Hill and Atlas Iron are earning nearly twice as much as women in hospitality and administration, giving them the opportunity to build a strong future. Many of our women staff say, we are “the best company I’ve ever worked for!” Would you like to join us and help us build an exceptional future?
Read MoreWomen play an essential role at all levels of the Hancock Prospecting group of companies. Executive Chairman, Mrs Gina Rinehart, is an industry leader, providing a role model and inspiration for other women. We are proud to be an organisation committed to developing opportunities for women across our operations.
Read MoreTHE Perth Basin has rapidly become the state’s hottest asset, and businesses near the action have ambitious plans for investment.
The basin has captured the attention of companies linked to billionaires Gina Rinehart , Chris Ellison and Kerry Stokes, while John Poynton-chaired Strike Energy has continued interest. In early November 2022, ASX-listed Warrego Energy revealed it had received a takeover bid from Strike Energy in a deal valued at $227 million. Three months and an extended bidding war later, the landscape of the basin has shifted substantially. Mrs Rinehart’s Hancock Prospecting marched into a majority stake of Warrego in February.
Arafura Rare Earths is preparing for the start of construction at its Nolans rare earths project, awarding a contract for a key part of its processing infrastructure. Arafura has already signposted its green credentials, announcing a plan to hit net zero by 2050, with 50% of its electricity generation to come from renewables by 2030 and a plan to transition to renewable fuels for firming power from 2040. It comes off a wave of positive news about the development, including a $121 million capital raising last year that brought Australia’s richest person Gina Rinehart onto Arafura’s register as a 10% shareholder and a major offtake deal with car giants Kia and Hyundai.
Read MoreTHE Perth Basin has rapidly become the state’s hottest asset, and businesses near the action have ambitious plans for investment. Billions of dollars of investment could be in the pipeline for Perth Basin as the state faces a crippling gas shortage within a decade. Three months and an extended bidding war later, the landscape of the basin has shifted substantially. Mrs Rinehart’s Hancock Prospecting marched into a majority stake of Warrego in February.
Read MoreSuperior president and chief executive Chris Jordaan says the consolidation of the Plutonic-Marymia gold belt will create a strong platform from which to advance the development of the Plutonic underground mine and surrounding open pit projects. “Catalyst will bring Plutonic a team with international mining experience, a proven track record of exploration success and the financial resources to develop the district,” he said. Catalyst is required to raise a minimum of $20m before costs for the transaction supported by its largest shareholder, Hancock Prospecting.
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