Joint Venture partners Padbury Mining and Aurium Resources (ASX:AGU) are pleased to announce highly encouraging results from the recent DSO evaluation drilling at their flagship Peak Hill Iron Project in Western Australia's Mid West region. Focusing on the project's Telecom Hill East prospect within the Robinson Ranges, the reverse circulation [...]
Joint Venture partners Padbury Mining Ltd and Aurium Resources are pleased to advise completion of the diamond core drilling program started in November last year at their flagship Peak Hill Iron Project. Results from this program and metallurgical test work on the collected core are important components of project pre-feasibility work.
Padbury and Aurium have finalised merger negotiations with the signing today of a binding Scheme Implementation Agreement. The SIA will result in Padbury acquiring Aurium, combining Padbury's 70 percent interest and Aurium's 30 per cent interest in the Peak Hill Iron project into the one Padbury vehicle. Padbury Managing Director Gary Stokes said [...]
Sydney, Australia (ABN Newswire) - Padbury Mining Ltd (ASX:PDY) and JV partner Aurium Resources Ltd (ASX:AGU) are pleased to advise that diamond core drilling has recommenced at the Peak Hill Iron Project's Telecom Hill prospect following the Christmas holiday break.
Sydney, Australia (ABN Newswire) - Padbury Mining Ltd (ASX:PDY) announced that Padbury and Aurium Resources Ltd (ASX:AGU) had entered into formal, good faith negotiations on a possible merger between the two companies. The agreement governing the negotiations provided for a 60 day exclusivity period.
