Northern Star increased its final dividend by 2.5 cents to 7.5 cents per share. The transaction delivered Northern Star the Bronzewing gold mine, 1,600 square kilometres of the tenure and over 1.8 million ounces of gold – a rich-holding of ground and gold to keep the Northern Star ticking over in the region for many years to come. World-class nickel mines in proximity: • Leinster Nickel (BHP) • Mt Keith Nickel (BHP) • Honeymoon Well Nickel (Norilsk) • Cosmos Nickel (WSA). On face value, last week’s acquisition by Bill Beament’s Northern Star juggernaught of a 16.4 per cent stake in Echo Resources (80 million shares at an average price of 29c each) was no big deal. The information provided on this site is general in nature, not financial product advice, see a financial expert before making any investment decision. Yandal is surrounded by high quality gold assets too, such as Northern Star’s Jundee operation that has produced more than 10 million ounces since 1995 and Saracen’s 8 million ounce Thunderbox mine. Exceptional investment opportunities selected by Mining Journal, Seeking expressions of interest from highly qualified individuals - Principal Study Manager, Acacia is assisting Orelogy with the appointment of their new Principal Mining Consultant, Acacia is assisting Auteco Minerals with the appointment of their new Executive Director - Technical, Flanagan's CZR could follow in Atlas' footsteps, Newcrest unveils maiden Havieron resource, Azure hitting nickel where EM modelling predicts. Third is Northern Star’s Pogo mine in Alaska with an expected output for this financial year of more than 180,000oz. Operator: Northern Star Resources Limited Royalty: NSR: 2% Bronzewing is located in the Yandal Greenstone Belt of Western Australia and produced 2.19 million ounces of gold from several open-pit and underground deposits from 1994 to 2004, and a further 0.19 … Northern Star Resources has completed its takeover of Echo Resources, having acquired a relevant interest of 98.14 per cent in the Australian gold company. There may be a conflict of interest present with commercial arrangements with companies and/or stock held. Below is a list of the current openings with our company. Northern Star Resources Limited is a global-scale Australian gold producer with Tier-1 world-class projects located in highly prospective and low sovereign risk regions of Australia and North America. The broker assesses Northern Star could be on track to well over 1m oz/pa by FY22 with extra ounces from Pogo, Bronzewing and potentially the Tanami operations, with even a re-start of Paulsens possible. Ores And Minerals (Wholesale) Stock Exchange Organisations And Companies. Gold miner Northern Star Resources has completed the takeover of fellow-listed Echo Resources. Try MiningNews.net for 30 days for ONLY $1, Investor sees state's exploration boom building nicely to boiling point, Northern Star boasts sector-leading growth outlook, Northern Star picks up ground near Paulsens, M&A flagged after echo of the past at Bronzewing, Nickel Mines raises half-a-billion in equity in past six months, OceanaGold commits to net zero emissions by 2050, Metso Outotec provide Slurry Pump Basic Handbook to industry, Digbee talks the rebirth of independent investment research, How to maximize slurry pumping efficiency in mining applications, Micromine's global summit unpacks the future in mining software, Pumping up gold production rates at Greenfields Mill, Copyright © 2000-2020 Aspermont Ltd. All rights reserved. … Following its share placement last week, Alloy’s market capitalisation was sitting at $11.76 million by late morning, with 1,307,584,758 shares on issue and 29 million unlisted options. According to analysts, gold miners struggling to increase their reserves tend to bid for takeovers and growth by acquisition is sure to happen. Alloy Resources completed a A$1.15 million capital raising on Friday, issuing 143.75 million additional shares at A$0.008 a pop. Small Caps is Australia's #1 site for market news & information on ASX listed small cap companies. NORTHERN Star Resources now controls the board of takeover target Echo Resources, having moved past the critical halfway mark in its takeover offer, gaining control over the smaller gold player. Northern Star Resources Limited is a global-scale Australian gold producer with Tier-1 world-class projects located in highly prospective and low sovereign risk regions of Australia and North America. Subscribe today and enjoy full access to MiningNews.net - the most comprehensive source of mining industry news and information on global commodity price movements and trends. Hammer says recent knowledge gained from work over its Bronzewing South and Orelia North gold projects was a key driver for the acquisition of Alloys Bronzewing South tenure. Alloy flagged the project’s proximity to the Julius resource and 303,000oz Northern Star Resources (ASX: NST) ground. Small Caps and affiliated companies accept no responsibility for any claim, loss or damage as a result of information provided or its accuracy. Northern Star has taken the reins of Echo Resources with its Yandal gold project and 1.8Mtpa Bronzewing processing hub in Western Australia’s Eastern Goldfields after … Alloy Resources (ASX: AYR) has pegged out 114 square kilometres of new ground adjacent to Echo Resources’ 335,000 ounce Julius gold resource and 25km south of the Millrose greenstone belt ground Alloy optioned from Jindalee Resources last month. Due to organic growth within the Company, Northern Star Resources have challenging and rewarding opportunities for mining engineering professionals at our world-class Yandal operation, including Jundee and the recently acquired Bronzewing operation on an 8/6 FIFO schedule. Kumova, Parsons sitting very pretty as Northern Star picks up Bronzewing . Northern Star produced 188,200 ounces of gold at an all-in sustainable cost of $1493/oz in the September quarter. Second is the Yandal operations, which will consist of the Thunderbox, Jundee and Bronzewing mines that are jointly expected to produce between 410,000-450,000oz per year in the current financial year. Northern Star Resources has been eyeing EAR’s potential, taking their stake of approximately 22% of the company. Loyal customers still paying much higher home loans rates, Uranium stocks take off as US Senate committee clears Trump plan for strategic reserve, Iron ore — the commodities sector’s runaway train, Creso Pharma expands into Canada’s largest recreational cannabis market amid softening regulatory environment, Incannex Healthcare and Monash University to undertake ‘world first’ trial using psilocybin mushrooms to treat anxiety, Cannabis stocks on the ASX: The Ultimate Guide, iCandy Interactive banks $10.5m from oversubscribed placement to enhance mobile gaming suite. Will Australia use iron ore as a lever to fix trade with China? Click on the job title to learn more about the opening. Brokers are focused on the Zodiac discovery as Northern Star Resources accelerates its growth plans and exploration.-Zodiac promoted as a large scale, high-grade new discovery-Stake in Echo Resources now 19.2%, regional consolidation possibility Discover the methodology behind our development-asset database, along with a sample... 2020 Edition: Exclusive global investment study of the leaders in the US$150 billion... Providing investors with access to the very best mining projects from exploration to production. Online. Metallurgy. Current Job Listings 18 Total Jobs. Beament’s opportunistic offer to acquire the rest of EAR’s holdings gives NST the golden opportunity to takeover EAR, which owns key infrastructure necessary to operate a stand-alone gold production operation. Small Caps or an associate may receive a commission for funds raised. Northern Star (Bronzewing) 7 Rheola Street 6005 Perth - West Perth Western Australia - Australia Display phone. Northern Star (Mko) Pty Ltd (ABN 39 135 597 634) an Australian Private Company with an address in Western Australia has had an active ABN from … • Jundee (Northern Star) • Bronzewing (Northern Star/Echo) • Matilda (Blackham) • Darlot (Red5) • Thunderbox (Saracen) • Sons of Gwalia (St Barbara). During the 2020 financial year, Northern Star acquired the 1.6 million ounce Bronzewing project in Western Australia, which it has since combined with its Jundee operation into one project, and divested the 1.6 million ounce Mt Olympus project. Investment. The historical Bronzewing mine was discovered by Mark Creasy with great fanfare and mined by Joe Gutnick’s Great Central Mines back in 1994. High grade gold at Bellevue would be attractive to many, Drill results multiply options in front of Yandal, Pantoro bullish on bigger gold production profile, Decipher and K2Fly - technology and governance in tailings storage facilities, Bellevue has had outstanding success inferring high-grade gold resources about 60km west of Bronzewing as the wedge-tailed eagle flies, and the Bronzewing mill shapes as obvious destination for any. The Board of Echo Resources has been too slow in restarting Bronzewing, Echo’s low-cost asset, and Northern Star needs the Bronzewing processing plant to extract high-grade gold ore. Northern Star has a portfolio of low-cost, high-grade underground gold mines, and is firmly focused on maximising Shareholder returns. Mining Journal Select 365: Mining. Great Central Mines, with Jundee, Bronzewing and the Wiluna Gold Mine, was taken over by Normandy Mining in June 2000 and Normandy, in turn, by the Newmont Mining Corporation in February 2002. After recently regaining control of the Horse Well joint venture, Mr Viner said the company believed the project was “one of the best one of the best early stage gold exploration properties in the goldfields with numerous prospects at various stages of exploration”. Explorer Echo Resources (ASX:EAR) is now under Northern Star Resources’ (ASX:NST) control after the gold miner secured 59.3 per cent of Echo’s shares.. Northern Star launched its $193m takeover bid in late August, offering Echo shareholders 33 cents for every share they held. General macro uncertainties see another soft session... Mt Carlton looking safer in Evolution's portfolio, Bardoc agrees gold concentrate sale to trader. Perth-based Alloy today debuted its new Bronzewing North prospect to investors, revealing it had applied for eight exploration licences and 16 prospecting licences at the goldfields site. Northern Star Resources’ Share Price Shaky as Gold Ticks Up (ASX:NST) The Northern Star Resources Ltd [ASX:NST] share price could be in for a third day of consecutive losses, even as the price of gold ticks upwards again.. NST shares had been performing well … In Perth, Infobel has listed 8 registered companies. to Mining News, Mining Journal Intelligence World Risk Report 2020 (feat. A second hub will be in the WA region of Yandal, and will include Northern Star’s Jundee and Bronzewing mines and Saracen’s Thunderbox mine. He also has many years experience as a professional share market investor and trader. Northern Star Resources expects to make its presence felt in North America once it finishes absorbing Saracen Mineral Holdings through a $5.97 billion offer set to make it the world’s sixth-biggest gold miner (reports The Australian Financial Review). Heat back on Rio after release of Juukan Gorge report... IWiM 2021 mentoring program launches with major backing... WITH it now set to become the owner of the Bronzewing mill via the takeover of Echo Resources, will Northern Star Resources’ next corporate transaction in the Yandal gold belt involve Bellevue Gold? Your personal objectives, financial situation or needs have not been taken into consideration. Filip is the founder of Small Caps and provides analysis on the global economy, geopolitical matters, commodities and equities. Alloy Resources shares tracked up 5.56% to A$0.01 by late morning. No ratings. Bellevue Mining Licence For fiscal 2020, the miner predicted group production 800,000 to 900,000 ounces at a ASIC of $1,200 to $1,300 an ounce. “New geological models resulting from recent discoveries by our neighbours are going to be applied throughout this region and we want to be a strong player in the re-emergence of this mineral field by securing prospective ground where we can.”. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902. Kenneth Rogers Project Exploration Geologist (Tanami) at Northern Star Resources Limited Perth, Australia 378 connections WITH it now set to become the owner of the Bronzewing mill via the takeover of Echo Resources, will Northern Star Resources’ next corporate transaction in the Yandal gold belt involve Bellevue Gold? Copyright 2020 Small Caps. The project is north of Bronzewing and south-east-east of Wiluna and has undergone limited exploration. 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Bronzewing could reduce milling constraints for Northern Star Mr Viner said the capital raising would provide working capital and fund the upcoming exploration programs. Newmont sold the operations to Northern Star Resources in 2014 Alloy flagged the project’s proximity to the Julius resource and 303,000oz Northern Star Resources (ASX: NST) ground. This story features NORTHERN STAR RESOURCES LTD. For more info SHARE ANALYSIS: NST. The project is north of Bronzewing and south-east-east of Wiluna and has undergone limited exploration. Free and open company data on Australia company NORTHERN STAR (BRONZEWING) PTY LTD (company number 108513113), SUBIACO, Western Australia, 6008 Alloy has planned drilling and surface geochemical surveys at the Horse Well which is 85km from Wiluna, and aircore drilling at Alloy’s Ophara cobalt prospect in Broken Hill, New South Wales. 5 annual reports (valued at $1,185 each) produced by Mining Journal's Intelligence division, and focusing on the most relevant discussion points in the mining sector. 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For instant-access to all of Mining Journal Intelligence Research, Subscribe The new ground is south of Alloy’s existing Horse Well gold joint venture and Alloy executive chairman Andy Viner said Bronzewing North “enhances” the company’s potential to make new discoveries with additional land over “prospective geology”. Northern Star is currently Echo’s largest shareholder, holding a 21.7% interest in the company. All rights reserved. The merger of the second and fourth-largest ASX-listed gold producers by market cap would form a top-10 global gold producer with … Northern Star Resources (NST) and Saracen Mineral Holdings (SAR) have signed a scheme of arrangement for a proposed merger. 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