MOD
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Company News
Sandfire targets African foray via potential MOD Resources takeover offer
Copper producer Sandfire Resources (ASX: SFR) has made a takeover approach for Botswana-focused explorer MOD Resources (ASX: MOD). Following a media report concerning its interest in MOD, Sandfire released a statement to the ASX confirming it had formally expressed in writing its interest in “exploring a potential combination of the two companies.” Sandfire noted the […]
MOD Resources raises $10m, rejects Sandfire’s indicative takeover offer
Following the completion of a $10 million raising, MOD Resources (ASX: MOD) has hit back at Sandfire Resources’ (ASX: SFR) takeover intentions, believing the tilt “significantly undervalues” the assets of the company. Responding to media speculation, the takeover target confirmed it had received an unsolicited, non-binding and conditional proposal from Sandfire which was made on […]
Sandfire Resources snaps up MOD Resources on second attempt with $167m takeover bid
Copper producer Sandfire Resources (ASX: SFR) has made a more successful second attempt to get its hands on MOD Resources (ASX: MOD), striking a $167 million deal to acquire the Botswana-focused explorer. In an announcement today, Sandfire said it has executed a binding deed for the implementation of a scheme of arrangement, which will see the company acquire […]
MOD Resources T3 copper feasibility study reveals ‘outstanding’ economics
A feasibility into MOD Resources’ (ASX: MOD) T3 copper project has revealed “outstanding” project economics including estimated life-of-mine revenue of US$2.3 billion (A$3.25 billion). Underpinning the study, is the project’s open pit reserve which was recently upgraded to 34.4 million tonnes at 1% copper and 13.2 grams per tonne silver for 342,700t of copper and […]
MOD Resources recovers visible copper near surface in Botswana
Copper explorer and developer MOD Resources (ASX: MOD) has cheered the “immediate success” of its exploration drilling campaign in Botswana, finding visible copper near the surface at the large T23 Dome. The company today reported “potentially significant widths” of visible copper mineralisation at a “very shallow depth” from the first two diamond core drill holes […]
MOD Resources publishes pre-feasibility results at flagship project in Botswana
Up-and-coming copper developer MOD Resources (ASX: MOD) has published its long-awaited Pre-Feasibility Study (PFS) results at its proposed open-pit mine in Botswana. Having discovered the T3 deposit in 2016 and finalising its Scoping Study last year, MOD Resources has today published two distinguishable cases in its updated PFS: Base Case: based on a Proved and […]