Company Overview and News
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The halt will remain in place until the opening of trade on Monday 14th November 2016, or earlier if an announcement is made to the market.
Shares in junior miner Excelsior Gold were pummelled today after the company's new board revealed the full extent of operational issues at its flagship Kalgoorlie North mine.
Local iron ore explorer GWR Group has backed out of plans to provide about $1.6 million to Excelsior Gold through a share placement.
GWR Group Ltd (ASX:GWR) is an independent, Australian iron ore company focused on the development of high quality direct shipping ore iron ore and complimentary bulk commodity projects.
Five Perth-based junior miners and explorers have announced plans to raise a combined $29.8 million to fund ongoing work at their respective projects, with Excelsior Gold also attracting a new cornerstone investor.
Excelsior Gold Ltd (ASX:EXG) is focused on the Kalgoorlie North Gold Project located 45km north of Kalgoorlie in Western Australia.
Torian Resources Ltd (ASX:TNR) has acquired the Bardoc Project situated 40 kilometres north of Kalgoorlie in the highly prospective Goldfields region of Western Australia.