logo-loader

Norton stake in Bullabulling Gold nears 75%

Published: 22:06 01 Aug 2014 AEST

gold_chart_350_53db83810b72b

Norton Gold Fields’ stake in Bullabulling Gold (LON:BGL)  has risen to just short of 75%, with its takeover offer now set to close date on 18 August.

Bullabulling’s board recommended the 8c per share offer once acceptances went past the 40% mark since when managing director Brett Lambert has departed.

Over the three months to June, Bullabulling worked on engineering and evaluation studies in support of a definitive feasibility study for the planned 7.5Mtpa open pit.

Bullabulling had A$2.06mln at the end of June, with an additonal R&D development tax repayment of $525,000 also on the way.

Norton is majority-owned by Chinese miner Zijin.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

4 hours, 1 minute ago