The approach by Ramelius Resources this week to buy smaller explorer Explaurum marks the first hostile takeover bid among Australian gold miners for many years, and some now wonder whether it will kick off what would be a highly anticipated round of consolidation in the industry (reports The Australian).
Aspiring Pilbara miner Venturex Resources (ASX: VXR) has received the financial backing of its major shareholder Northern Star Resources to complete a definitive feasibility study on its flagship Sulphur Springs copper-zinc project (writes The West Australian).
The big miners may be the new superstars of the dividend scene, but this has failed to translate through to any big appetite for their shares over recent months (reports The Australian Financial Review).
Sydney-based institutional broker Blue Ocean Equities has reiterated its upbeat view of emerging copper-zinc developer Venturex Resources (ASX: VXR) on the back of a project update issued this week.
Venturex reported “strong progress” with mine design and scheduling, plant optimisation and capital cost reductions at its Sulphur Springs project in the Pilbara, saying its Definitive Feasibility Study was now in its final stages and on track to be delivered by the end of this quarter.