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Future Metals hails start of extensive drilling at Panton North asset

(Alliance News) - Future Metals NL on Wednesday celebrated the start of its drill programme at the Panton North project in Western Australia. Future Metals is a West Perth-based exploration company, focused on the Panton PGM project in Australia. The Pa. | 05:00am

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Future Metals hails start of extensive drilling at Panton North asset | Finance News

Future Metals hails start of extensive drilling at Panton North asset | Finance News
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Matador Mining Ltd accelerating exploration at Cape Ray Gold Project in Newfoundland

Matador Mining Ltd (ASX:MZZ) (OTCMKTS:MZZMF) (FRA:MA3) has its sights set on accelerating exploration and pre-development activities at the Cape Ray Gold Project in Newfoundland, Canada, with a range of key environmental studies nearing completion. These baseline studies will form the groundwork of an Environmental Impact Statement (EIS), anticipated for completion and submission to Federal and Provincial governments in 2022. Meanwhile, Matador has also engaged with First Nations groups in the area and advanced discussions with other key stakeholders as the development of an environmental, social, and governance framework continues. Well-funded to pursue strategy The West Perth-based gold explorer is in a solid financial position following having raised A$16 million at the end of June at a 28% premium.

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China s Shandong Yulong Gold to buy Australia s Barto for $188 million in debt

China s Shandong Yulong Gold to buy Australia s Barto for $188 million in debt Reuters 5/03/2021 (Reuters) - Shandong Yulong Gold Co said on Friday it had agreed to acquire Australian gold miner Barto Industry Co from fellow Chinese firm Shandong Tianye by assuming the target company s debt of 1.22 billion yuan ($188 million). Shandong Yulong Gold, which used to make steel pipes before changing its name and business focus, said in a statement to the Shanghai Stock Exchange its Lanjing Mining subsidiary would acquire 100% of Barto and control its gold mining operations in Western Australia. The deal still requires a number of approvals, including from Australia s Foreign Investment Review Board, the filing said. Developed gold-rich countries such as Australia and Canada have increased their scrutiny of transactions made by acquisitive Chinese firms over the past year.

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