Investors have given John Borshoff the tick of approval to head uranium explorer Deep Yellow, with the stock soaring 80 per cent this morning.
The first concrete sign has emerged that WA’s mining industry is shaking off the malaise at the heart of the State’s economic troubles, with exploration activity surging.
Alinta Energy has been valued at up to $5.2 billion ahead of its planned float, with brokers citing Kleenheat’s grab for customers and a lawsuit from Gina Rinehart’s Roy Hill project among the investment risks.
Doray Minerals is expected to emerge from a trading halt tomorrow having raised $25 million at 54¢ a share.
Tawana Resources has moved to expand its lithium footprint south east of Kambalda and raise more cash.