Australian miner Ramelius Resources said the Department of Energy, Mines, Industry Regulation and Safety gave its mining proposal for the Cue gold project in Western Australia the greenlight. Early works is expected to commence this month. Acquired by Ramelius in September 2023 from Musgrave Minerals, Cue is located 40 kilometres north of the Checkers Mill at Ramelius’ Mt Magnet gold…
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Westgold Resources and Karora Resources have agreed to merge via a plan of arrangement. The combined company will have a portfolio of Western Australian assets capable of producing 400,000-plus ounces annually. The announcement follows recent news that Australian gold miner Ramelius Resources had ended discussions to purchase Canadian-based, Western Australia-focused Karora. Under the merger terms, Karora shareholders will receive 2.524…
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Australian gold miner Ramelius Resources has ended discussions to buyout Canadian-based, Western Australia-focused Karora Resources, reported Reuters. “Following its usual disciplined due diligence process, Ramelius advises that no final agreement, including on value, was reached,” the company said. The news agency said a local report estimated the transaction value to be between A$700 million and $1 billion. Karora Resources, which…
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