Wyloo grabs major chunk of Greatland Gold

Wyloo Metals has announced an equity funding package of up to $120 million for Greatland Gold, thereby becoming its largest shareholder. Greatland is a leading mining development and exploration company focussed on precious and base metals. It is developing the world-class Havieron gold-copper deposit in the Paterson region of Western Australia while delivering multi-project exploration upside in a low-risk jurisdiction. Wyloo, owned by Andrew Forrest, will subscribe for 430,024,390 ordinary shares, priced at 8.2 pence per share, totalling $60 million and about 8.6 per cent of Greatland’s shares on issue. Read More

Golden future for the Pilbara

Western Australia’s Pilbara is one of Australia’s top mining regions, with numerous Tier-1 iron ore operations based in the area. Now companies like Thor Mining and Kalamazoo Resources are hoping to build a golden future in the region.
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