Austral pips Larvotto with $80m Hammer bid

Austral pips Larvotto with $80m Hammer bid

Austral Resources has submitted an $80 million bid to acquire Hammer Metals, adding some $25 million to the offer made by Larvotto Resources for Hammer in June.

Resources Top 5: Hammer Metals fields Austral offer; Western Ridge samples high-grade silver and gold

Hammer Metals considering takeover offer from Austral over Larvotto bid; Western Ridge samples high-grade silver and gold at Keystone. ... The post Resources Top 5: Hammer Metals fields Austral offer; Western Ridge samples high-grade silver and gold appeared first on Stockhead.

Western Ridge (ASX:WRX) pulls 941 g/t silver at Keystone

Peripheral stringer veins and a 44.4 g/t gold hit reshape the September drill target Rock chip sampling rarely rewrites an investment case on its own, but the numbers out of Nevada this morning from Western Ridge Resources (ASX:WRX) are the kind that force a second look. Silver assays of 941 g/t, 344 g/t and 80.3 g/t, plus a gold result of 44.4 g/t, landed from a program at the Keystone Project in the emerging Pershing Trend. The eye-catching gr…

Austral makes a move on Hammer Metals - Industry Queensland

Copper producer Austral Resources Australia is making a move on Hammer Metals, eyeing the explorer's North-West Queensland portfolio as a strong future feed source for its Rocklands processing plant near Cloncurry. Austral said its proposal to acquire 100 per cent of shares in Hammer for about $80.8 million represented a 29.9 per cent premium on the deal Larvotto Resources put on the table last month. Related: Glencore backs Larvotto in NW Qld c…