Morning News Bites – May 1

Today is May Day or International Workers Day

  • Nelson Resources has identified a twenty kilometre gold anomaly as part of its Woodline Project along the Trans Australian Railway with a potential for a Tropicana scale deposit
  • Red October Gold Project production increased by 217% to 15,827 tonnes at 3.74% g/t Au for Matsa Resources in the March Quarter
  • Alliance Aviation Services will continue to provide services for South32 for its Cannington and GEMCO mine sites on a new ten year deal.
  • Newcrest Mining has successfully completed a $1 billion institutional placement of 39.1 million shares at $25.60 per share
  • A fast tracked Drilling program has been announced for Argonaut Resources around Higginsville in WA for their Island gold prospect. Drilling is set to start in June 2020.

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