SAU.ASX
Australian mining companies flock to Asia as higher commodity prices and improved relations fuel interest
High commodity prices, improved working conditions, and better government relations, are attracting Australian mining companies back to Asia with a number of success stories helping repair past damage. Nickel Industries (ASX: NIC) is the star of the show, teaming up with one of China’s biggest steel makers to produce nickel for its stainless steel operations […]
Southern Gold raises $10.2m, welcomes Dr Quinton Hennigh’s Crescat Capital to the register
A strategic North American investor Crescat Capital LLC has corner-stoned Southern Gold’s (ASX: SAU) oversubscribed $10.2 million equity raising. Southern Gold has received binding commitments from sophisticated and institutional investors for the subscription of 85 million shares $0.12 per share to raise the $10.2 million. The placement was “well oversubscribed” and includes Denver-based asset management […]
Southern Gold continues exploration in South Korea, begins hunt for strategic copper-gold assets in Australia
Southern Gold (ASX: SAU) has reiterated its focus remains on its South Korean gold-silver portfolio, but it is also leveraging its expertise to seek new strategic copper and gold investments within Australia. The company spent the November to January winter months in South Korea compiling data to identify new epithermal gold-silver regional targets in the […]
Southern Gold focuses on drilling and project generation at South Korea gold assets
A busy September quarter saw Southern Gold (ASX: SAU) focus on field reconnaissance sampling and database compilation for upcoming project generation work at its South Korean gold assets. At the Deokon project, the company completed a short diamond drilling program in response to the discovery earlier this year of the Thistle and Nettle zones, which returned a […]
