ABM Resources announces a fully underwritten 3 for 5 nonrenounceable rights issue at an issue price of $0.04 (Issue Price) per new share (New Share) to raise approximately $8.2 million (before transaction costs) (Rights Issue). The Company has also entered into a facility agreement with the sub-underwriter of this Rights Issue, Pacific Road Capital [...]
ABM Resources advises that Board and management changes have been implemented as part of a broader restructuring that will ultimately result in a smaller, lower cost Board with particular experience relevant to the Company's repositioning as an active exploration company. The Company's Non-executive Chairman of over six years, Dr Mike Etheridge [...]
Perth, Australia (ABN Newswire) - ABM Resources NL (ASX:ABU) Interim Financial Report for the Half-Year Ended 31 Dec 15 Since the start of the 2015/2016 financial year: - ABM exercised the sublease agreement with Tanami Gold NL for the Coyote Processing Plant for a 12 month period to mid- July 2016 and declared commercial production of the Old [...]
ABM Resources is pleased to provide an update on operations at the Old Pirate Gold Mine during January 2016. Continuous processing, introduced in mid-January 2016, contributed to record mill throughput for the month. Gold production in January exceeded the level forecast in the revised mine plan for the operation (ASX release of 24 December 2015 [...]
ABM Resources announce the Quarterly Activities and Cashflow Report for the period ending December 2015. Old Pirate Gold Mine The Old Pirate Gold Mine is part of the Twin Bonanza Gold Project located in the Tanami region of the Northern Territory. Gold ore is extracted at Old Pirate by open pit mining and hauled for treatment to the Coyote [...]
ABM Resources is pleased to provide an update on operations at the Old Pirate Gold Mine during December 2015. Highlights - Record tonnage of ore mined - Record tonnage of ore processed - Record ounces of gold recovered and poured - Continuous processing introduced from mid-January Production during December exceeded the level forecast in the [...]
ABM Resources has completed the re-optimisation of open pit designs and prepared a revised production forecast for the Old Pirate Gold Mine. Revised Old Pirate Mine Plan The re-optimisation study did not support significant modification of the original pit designs for Old Pirate. The principal changes now being implemented from this exercise [...]
ABM Resources is pleased to advise that the Lake Mackay Exploration Agreement Independence Group has been expanded and extended. The Agreement, originally executed in August 2013, granted IGO the right to explore a number of exploration licenses held by ABM in the Lake Mackay region of the Northern Territory (the "Tenements") for a period of two [...]
ABM Resources are pleased to provide the Chairman's Address to Shareholders at the 2015 Annual General Meeting. Dear Shareholder, During the past year your Company has progressed to mine development and gold production at its Old Pirate Project, while also advancing some near-mine exploration prospects and strengthening its outstanding [...]
ABM Resources has undertaken a thorough review of operational performance at the Old Pirate Gold Mine, primarily focusing on the discrepancy being experienced between mine estimated head grade and mill reconciled grade (the mine call factor), which was reported on in the last Quarterly Report of 19 October 2015. It was announced then that mill [...]
ABM Resources are pleased to provide the Company's Quarterly Activities and Cashflow Report for the 3 months ended 30 September 2015. Highlights from Old Pirate Gold Mine - Four pits being developed concurrently - Completed commissioning of the Coyote Processing Plant - 10,013 ounces of gold produced to 30th September 2015 * Comprising 8,281 [...]
ABM Resources is pleased to announce a strengthening of its executive management team to reflect the Company's transition to a gold producer, whilst ensuring it maintains a critical focus on further Mineral Resource discoveries and other growth opportunities. In light of this, Mr Brett Lambert has been appointed as interim Chief Executive Officer [...]
