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Company News
Alliance Resources shores up gold potential at Weednanna with latest high-grade assays
Alliance Resources (ASX: AGS) has identified up to 166 grams per tonne gold during infill drilling at the Weednanna gold deposit, which is part of the Wilcherry project north of Kimba in South Australia’s Eyre Peninsula. The results are from a 32-hole reverse circulation program that was undertaken during February at shoots 5, 5E, 6, […]
Ian Gandel makes bold bid for Alliance Resources as M&A heats up in gold space
Via private entity Gandel Metals Pty Ltd, mining entrepreneur Ian Gandel has lobbed a $21.43 million takeover bid for the remaining issued capital in gold explorer Alliance Resources (ASX: AGS). Currently Alliance’s largest shareholder and non-executive chairman, Mr Gandel’s bid values Alliance at $0.14 per share – a 27% premium to yesterday’s closing price of […]
Yeltana drill results indicate Alliance Resources may have secured Australia’s largest graphite discovery
Results from a diamond drilling program by Alliance Resources (ASX: AGS) at the Yeltana graphite prospect in South Australia indicate the company could be on the verge of owning the nation’s largest graphite discovery by mineral content. The program this week returned significant graphite-bearing intervals showing “excellent correlation with a highly-conductive source” beneath existing holes […]
Alliance Resources debuts Weednanna gold resource at Wilcherry project
Alliance Resources (ASX: AGS) has debuted a maiden resource for its 75.1%-owned Weednanna gold deposit at its Wilcherry project in South Australia. The maiden resource now sits at 1.097 million tonnes at 5.1 grams per tonne gold for 181,000 ounces of the metal. According to Alliance, the new resources poses “outstanding economic potential” for the […]