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First ore is expected towards the end of February, and material from the underground development has been successfully processed through the ore sorting plant.
Anova Metals (ASX:AWV) welcomes the arrival of mining contractor GBF Mining to its Second Fortune Gold Mine located within the 100% owned Linden Gold Project in Western Australia.
Exterra Resources Ltd (ASX:EXC) has unanimously recommended that shareholders vote in favour of the merger proposal with Anova Metals Ltd (ASX:AWV).
Exterra Resources Ltd (ASX:EXC) has executed a farm-in and joint venture agreement over the Bar Twenty Gold Project located 20 kilometres from its Second Fortune Gold Mine in Western Australia.
Exterra Resources (ASX:EXC) shares have traded over 20% higher today as the company has entered a merger agreement with Anova Metals (ASX:AWV).
Local gold explorers Anova Metals and Exterra Resources have entered into a merger agreement, with Anova to wholly acquire Exterra in an all-scrip deal worth $21.3 million.
Anova Metals Limited (ASX:AWV) has been granted a trading halt by the ASX, pending details regarding the company entering into a material Scheme of Arrangement.
The initial program focused on resource extensions at the South Sammy and Beadles Creek deposit, together with geotechnical drilling at the North Sammy deposit. Best intersections include: - 10.7 metres at 30.9 g/t gold, including 3 metres at 60.4 g/t gold; and - 9.1 metres at 7.5 g/t gold, including 4.6 metres at 10.9 g/t gold. The exceptional intersection of 30.9 g/t gold is outside the limits of the currently modelled resource envelope and extends a high‐grade zone intersected in the past.
ARLINGTON, VA--(Marketwired - Oct 7, 2016) - MOKO Social Media Limited (ASX: MKB) (OTC PINK: MOKOY) -
USA-focused gold explorer Anova Metals has raised $9 million from investors to progress development of its Big Springs project in Nevada, USA.
Anova Metals Ltd's (ASX:AWV) shares last traded at $0.145, which is four-times the value from a year ago. The company is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare. The halt will remain in place until the opening of trade on Thursday 11th August 2016, or earlier if an announcement is made to the market.
Exterra Resources Ltd (ASX:EXC) has gold projects located in the NE Goldfields region of Western Australia and holds an option to acquire a lithium project.