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THE DAILY ROADHOUSE

 

Matador Mining to Follow High-Grade Rock Chips as Exploration Guide

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) recently completed a regional soil sampling program at the company’s Cape Ray gold project in Newfoundland, Canada.

Pantoro Highlights Potential for a Large Low-Grade Gold System

THE DRILL SERGEANT: Pantoro Limited (ASX: PNR) has completed follow up drilling at the company’s Mary River gold project near Halls Creek in Western Australia.

Barra Resources Banks $1.5 Million After Raising

Barra Resources (ASX: BAR) announced the completion of a Share Purchase Plan (SPP) and concurrent Share Placement. Barra Resources said subscriptions from eligible shareholders under the SPP will result in the issue of 47,725,000 shares totalling $954,500.

Auroch Minerals Shuffles Boardroom Setting Following Chairman Resignation

THE BOURSE WHISPERER: Auroch Minerals (ASX: AOU) advised that it has given current non-executive director Edward Mason a bigger seat at the Boardroom table by appointing hm as non-executive chairman.

 

Barra Resources Banks $1.5 Million After Raising

Barra Resources (ASX: BAR) announced the completion of a Share Purchase Plan (SPP) and concurrent Share Placement.

Barra Resources said subscriptions from eligible shareholders under the SPP will result in the issue of 47,725,000 shares totalling $954,500.

The subscriptions were lodged by more than 200 shareholders who collectively own more than 40 per cent of Barra shares.

In addition to the SPP, the company received firm commitments from clients of Shaw and Partners stockbrokers for the Placement of a further 9.9 million shares raising gross proceeds of $198,000.

Total funds raised under the SPP and Placement is approximately $1.15 million.

Barra Resources declared the funds sufficient enough for the company to complete its gold drilling campaign presently underway at the Burbanks gold project, south of Coolgardie in Western Australia and to finalise its much-anticipated Pre-Feasibility Study at the Mt Thirsty cobalt-nickel project near Norseman, also in WA.

“On behalf of the Board of Barra I would like to thank all our shareholders for their vote of confidence in the direction of the company,” Barra Resources managing director and CEO Sean Gregory said in the company’s announcement to the Australian Securities Exchange.

“I have had the opportunity to speak personally with 60 shareholders over the last three weeks and can report strong support for our strategy, optimism for the rise in cobalt pricing, and excitement around the gold drilling underway at Burbanks.”

 

Email: info@barraresources.com.au

Web: www.barraresources.com.au

 

AMEC 2019 Convention

THE CONFERENCE CALLER: The Roadhouse attended the 2019 AMEC Convention this week and caught up with the latest goings on for some of our regulars.

Obviously this is a new innovation we are learning to use, so try not to stand too close to the screen when checking out the pics.

Fortunately it is all about listening so sit back and relax and hear what these MDs have to say.

 

BRUCE MALUISH managing director VRX Silica (ASX: VRX)

 

MIKE YOUNG managing director Vimy Resources (ASX: VMY)

 

SEAN GREGORY managing director Barra Resources (ASX: BAR)

 

PATRICK MUNTZ managing director Image Resources (ASX: IMA)