Company Overview and News
Rox Resources (ASX:RXL) has revealed the maiden resource for the Olympia nickel-copper-cobalt deposit, at its Collurabbie project located 250 kilometres north of Laverton in Western Australia.
Marindi Metals has conceded defeat in its Supreme Court fight against Kidman Resources over rights to the Mt Holland lithium operation, but will receive a settlement payout from Rox Resources over a separate matter.
Rox Resources (ASX:RXL) has commenced diamond drilling at the Fisher East nickel sulphide project located 500 kilometres north of Kalgoorile in Western Australia.
Rox Resources and Marindi Metals will head to trial to resolve a dispute over the Reward zinc joint venture in the Northern Territory.
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") reported unaudited record fourth quarter adjusted profit attributable to shareholders of $930 million, or $1.61 per share, compared with $16 million, or $0.03 per share, in the fourth quarter of 2015. Annual adjusted profit attributable to shareholders for 2016 was $1.1 billion, or $1.91 per share, compared with $188 million, or $0.
Rox Resources has locked horns with Marindi Metals over a failed bid to acquire its stake in the Reward zinc project, a day after Marindi started legal action against Kidman Resources over another deal which Kidman says doesn’t exist.
Rox Resources says it will strongly defend any legal action initiated by Marindi Metals after its joint venture partner exercised a priority right to acquire its stake in the Reward zinc project.
The halt will remain in place until the opening of trade on Wednesday 16th November 2016, or earlier if an announcement is made to the market.
Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") reported profit attributable to shareholders of $234 million ($0.41 per share) and adjusted profit of $152 million ($0.26 per share) compared with $29 million ($0.05 per share) a year ago.
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Rox Resources’ joint venture partner Teck Australia has matched a competing bid for the company’s stake in the Reward zinc-lead project in the Northern Territory for up to $20.6 million.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 18, 2016) - Teck Resources Limited ("Teck", TSX: TCK.A and TCK.B, NYSE: TCK) announced today that a wholly owned subsidiary has exercised a right of first refusal to acquire the 49% interest held by Rox Resources Limited ("Rox")(ASX:RXL) in the Teena/Reward zinc project, which is already subject to Teck's right to earn an additional 19% interest. The consideration will consist of AUD$10.
The drilling was done at the Four Mile, Coppermine Creek, Johnstons and Mariner prospects and the company will now move onto the Berjaya tenement. Importantly, indications of copper, lead and zinc mineralisation were observed in several holes. Assay results are expected in early November. Pacifico holds 51% and is the operator of the Borroloola West project alongside Sandfire Resources NL (ASX:SFR).
The company is pending an update on the sale of its interest in the Reward project. The halt will remain in place until the opening of trade on Tuesday 18th October 2016, or earlier if an announcement is made to the market.
Rox Resources Ltd (ASX:RXL) has commenced a 3,000 metre aircore drilling program at the Fisher East nickel sulphide project located 500 kilometres north of Kalgoorlie in Western Australia. The drilling program will focus on the Mt Tate and Horatio prospects and three other electromagnetic anomalies. Previous drilling at Mt Tate and Horatio has returned assays grading over 1% nickel. The Fisher East project has a mineral resource of 4.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton