Having secured A$10M in investment facility from Baycrest Capital, Cleveland Mining has bolstered its balance sheet that gives it the financing flexibility to progress its Brazilian gold and iron ore portfolio.
Bullabulling Gold (ASX: BAB, LON: BGL) was formed to run the 3.2 million ounce Bullabulling Gold Project in Western Australia’s Goldfields region, which is expected to reach production in 2015.
15/05/13
Bullabulling Gold to shave 20% off PFS cash cost estimates15/05/13
Bullabulling Gold's drilling improves project's economics14/05/13
Bullabulling Gold to shave 20% off PFS cash cost estimates30/04/13
Bullabulling Gold enjoys a quarter of significant progress19/04/13
Bullabulling Gold raises over £1.35mln11/04/13
Bullabulling Gold encouraged by Gryphon/Edwards grades11/04/13
Bullabulling Gold drilling supports single higher grade open pit in Western Australia26/03/13
Bullabulling Gold's single high grade pit plans get further boost14/03/13
Bullabulling Gold to raise cash for DFS at flagship08/03/13
UPDATE: Bullabulling Gold results boost plans for a higher grade pitHaving secured A$10M in investment facility from Baycrest Capital, Cleveland Mining has bolstered its balance sheet that gives it the financing flexibility to progress its Brazilian gold and iron ore portfolio.
Signing the Port Services Agreement with the Bunbury Port Authority places MZI Resources another step closer towards bringing its Keysbrook mineral sands project into production. The company is now working towards finalising finance arrangements.
With excess capacity and a pressure oxidation circuit, Aphrodite Gold’s planned oxide and refractory gold plant will be capable of processing third party ore in addition to ore from the company’s self-named gold project in the Kalgoorlie region.
The substantial increase in contained gold to 1.4 million ounces at the Aphrodite Project, located 65 kilometres north of Kalgoorlie, follows recent news of negotiations with funding partners and the beginning of due diligence and a technical site visit by one to the Aphrodite project reported in May.
The extension of gold mineralisation at the Boorara Gold Mine to over 2 kilometres will allow for increased gold production from MacPhersons’ processing operations potentially from startup. Further upside is likely as it remains open at depth and along strike.
The agreement with MJF Mining Contractors allows Paynes Find Gold to begin development of two open pits at its self-named project and upgrade processing capacity with costs borne by MJF. This could deliver significant cash flow in the near term.
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