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Company News
Market wrap: ASX 200 plunges below 7000 on rising Middle East tensions and bond yields
A combination of worsening tensions in the Middle East, rising US bond yields and falling US shares led to an almost across-the-board wipeout on the Australian market on Friday. The 7000-point marker was left way back in the rear vision mirror as the ASX 200 fell 96 points, or 1.4% to 6981.6 points at the […]
Spenda signs 10yr e-commerce payments deal with Capricorn Society
Payments technology provider Spenda (ASX: SPX) has signed a 10-year deal with automotive organisation Capricorn Society for the provision of software and ecommerce payments services. The agreement will be subject to the successful completion of a digital services delivery (DSD) initiative between the companies. Spenda stands to receive $443,000 following completion of the initiative’s final […]
Spenda and Carpet Court lay groundwork for future growth
Transaction services software specialist Spenda (ASX: SPX) is celebrating the signing of a significant, five-year exclusive supply agreement with Australia’s leading flooring retailer, Carpet Court. The two companies have also agreed to collaborate on a unique pilot program offering a range of services for individual stores. The new agreement is the culmination of the successful […]
Spenda payments platform to be rolled out across Carpet Court franchise network
Payments technology provider Spenda (ASX: SPX) has confirmed it will roll out its proprietary platform across the franchise network of national flooring retailer Carpet Court in the new year. The decision follows the completion of a pilot program whereby a bespoke version of the platform (known as the CC Spenda Platform) was integrated into 40 […]
Ramelius Resources breaks through 50% in Spectrum Metals takeover, declares offer unconditional
Ramelius Resources (ASX: RMS) has now acquired 50.5% of takeover target Spectrum Metals (ASX: SPX) and has made the offer unconditional with accelerated payments to accepting Spectrum shareholders. The minimum acceptance level was 50.1%. The offer has now been declared free of all defeating conditions. On 10 February, the companies announced they had entered into […]
Ramelius Resources to scoop up Spectrum Metals in another gold acquisition, Venus litigation settled
Ramelius Resources (ASX: RMS) has made another play for a Western Australian gold project after agreeing to acquire Spectrum Metals (ASX: SPX) for cash and scrip valuing Spectrum at $0.15 per share. Both companies revealed this morning a bid implementation agreement had been executed with Spectrum holders to receive one Ramelius share for every 10 […]
Spectrum Metals uncovers more high-grade gold at Penny North
Gold explorer Spectrum Metals (ASX: SPX) has recovered more high-grade gold from the Penny North prospect within its wholly-owned Penny West project near Youanmi, Western Australia. The company today reported results from four new holes in an extensional reverse circulation drilling program, which it said demonstrated the continuity of high-tenor mineralisation within the high-grade Penny […]
Spectrum Metals unearths high-grade gold extensions at Penny North
Spectrum Metals (ASX: SPX) has unearthed high-grade gold extensions at its Penny North prospect, with preliminary metallurgical test work producing “exceptional results”. Penny North is part of Spectrum’s wholly-owned Penny West project in Western Australia, which, according to Spectrum, hosts one of the highest grade open pits ever mined in the state with an average […]
Spectrum Metals discovers another high-grade gold zone at Penny West
Spectrum Metals (ASX: SPX) has uncovered up to 103 grams per tonne gold while drilling below the Penny West open pit about 25km from the Youanmi mining centre in Western Australia. Assays have been received from eight holes drilled beneath the pit with the southern-most hole discovering a new zone of high-grade mineralisation. Notable intersections […]
Spectrum Metals finds high-grade gold zone at historic Penny West project
Gold explorer Spectrum Metals (ASX: SPX) has discovered a high-grade zone of mineralisation at its wholly-owned Penny West gold project in central Western Australia. The discovery, now called Penny North, is located approximately 150m north of the historic high-grade Penny West open pit, previously mined in the early 1990s for 121,000 tonnes at 21.8 grams […]
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