AuStar Abandones Centennial Mining Acquisition

AuStar Gold (ASX:AUL) announced that it has officially withdrawn its bid to acquire Centennial Mining (ASX:CTL). Highlights are as follows: The agreement to acquire all of the debt owed by Centennial Mining (subject to deed of company arrangement) and Maldon Resources Pty Limited (subject to deed of company arrangement) from Mining Lending Pty Limited will … Continued

AuStar Gold (ASX:AUL) announced that it has officially withdrawn its bid to acquire Centennial Mining (ASX:CTL).

Highlights are as follows:

  • The agreement to acquire all of the debt owed by Centennial Mining (subject to deed of company arrangement) and Maldon Resources Pty Limited (subject to deed of company arrangement) from Mining Lending Pty Limited will not be progressing.
  • The company will not be proceeding with the deed of company arrangement (DOCA) for the acquisition of the Centennial or Maldon assets.
  • The company is withdrawing all Offers under the Prospectus (dated 12 December 2019 and lodged with ASX on 13 December 2019) which sought to raise funds to meet the DOCA contribution and to satisfy the additional capital raising condition precedent under the DOCA.
  • The company intends to issue a new prospectus to raise capital for the ongoing development of its existing tenement portfolio through exploration and mine development.

Click here to read the whole AuStar Gold (ASX:AUL) press release.

Sentinel Commences Field Investigation of Gold and Silver Projects in New South Wales, Australia

Sentinel Resources Corp. (CSE: SNL) (US OTC PINK: SNLRF) (“Sentinel” or the “Company “) announces that all of its exploration licenses in New South Wales, Australia have now been granted. The Company has commenced contacting landholders in high priority areas in order to negotiate the access agreements required prior to conducting field visits on private property. As previously announced, the Company has identified four priority areas for initial inspection: Carrington, Hill End South, Golden Bar, and Toolom South.

Carrington – Silver Project

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OceanaGold Strengthens Board of Directors with New Additions

/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./

OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) appoints Mr. Michael (Mick) James McMullen and Mr. Paul Benson as Non-Executive Directors to the Company Board of Directors (the “Board”).

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Best Gold Stocks on the ASX

Click here to read the previous best ASX gold stocks article.

2020 was a record-breaking year for gold, which surged above US$2,060 per ounce in August.

However, the yellow metal faced some downward pressure in the first quarter of 2021, falling below US$1,750 in March. The major forces acting against gold in Q1 of this year included rising US 10 year Treasury yields and the growing value of the US dollar.

However, there is still plenty of investor interest in the metal due to continued global economic uncertainty related to the COVID-19 pandemic. Supply is also a growing concern due to decreased gold exploration efforts over the last few years, especially among larger companies.

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NCM – Senior Management Announcement – Finance Director & CFO to Retire

Newcrest Mining Limited (ASX: NCM) (TSX: NCM) announces that Gerard Bond, the Company’s Finance Director and Chief Financial Officer, has decided to retire effective 3 January 2022 when he will mark 10 years in the role.

Mr Bond said, “It has been an honour and privilege to serve as the Finance Director and CFO over the past decade and be part of the transformation of the Company”.

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OceanaGold Reports First Quarter 2021 Financial Results

(All financial figures in US Dollars unless otherwise stated)

/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./

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