That left Breaker to zero in on its promising Lake Roe Gold Project near Kalgoorlie, just down the road from Northern Star Resources’ four million ounce-plus Carosue Dam project and Ramelius Resources’ 1Moz-plus Rebecca Gold Project.Īuroch has stumbled upon, and confirmed, an LCT-pegmatite discovery at the Kangaroo Hills Lithium Project in Western Australia after hitting spodumene bearing pegmatites in four drill holes. Under the offer terms, Breaker shareholders will receive an implied offer price of $0.403 per share, equating to 1 Ramelius share for every 2.82 Breaker shares held and representing a total undiluted equity value for Breaker of $130.7 million.īreaker was all about lithium but sold its stake in its WA prospect, Manna, to joint venture partner Global Lithium Resources for a cool $88 million in October 2022. The board of $94.78m market cap gold stock, Breaker Resources, has recommended an all-scrip off-market takeover offer from top 10 gold producer, Ramelius Resources (ASX:RMS).
Here are the biggest small cap resources winners in early trade, Monday March 20. Magnetite Mines announces the optimum development pathway for the Razorback iron ore project.Auroch discovers a large-scale shallow lithium rich pegmatite at Kangaroo Hills.Breaker’s board recommends an all scrip off market takeover offer from Ramelius.
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