ABM Resources NL (ASX:ABU) announces a fully underwritten 3 for 5 nonrenounceable rights issue at an issue price of $0.04 (Issue Price) per new share (New Share) to raise approximately $8.2 million.
ABM Resources NL
ABM Resources (ASX:ABU) is developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade production scenarios such as the Old Pirate High-Grade Gold Project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion Gold Project. In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project.
ABM Resources NL (ASX:ABU) advises that Board and management changes have been implemented as part of a broader restructuring that will ultimately result in a smaller, lower cost Board with particular experience relevant to the Company's repositioning as an active exploration company.
ABM Resources NL (ASX:ABU) Interim Financial Report for the Half-Year Ended 31 Dec 15
Continuous processing, introduced in mid-January 2016, contributed to record mill throughput for the month. Gold production in January exceeded the level forecast in the revised mine plan for the operation (ASX release of 24 December 2015) despite head grade being below target as some stockpiled low grade material was processed in order to achieve the higher throughput.
ABM Resources NL (ASX:ABU) announce the Quarterly Activities and Cashflow Report for the period ending December 2015.
ABM Resources NL (ASX:ABU) is pleased to provide an update on operations at the Old Pirate Gold Mine during December 2015.
ABM Resources NL (ASX:ABU) has completed the re-optimisation of open pit designs and prepared a revised production forecast for the Old Pirate Gold Mine.
ABM Resources NL (ASX:ABU) is pleased to advise that the Lake Mackay Exploration Agreement (the "Agreement") with Independence Group NL ("IGO") has been expanded and extended.
ABM Resources NL (ASX:ABU) are pleased to provide the CEO's Address to Shareholders and Presentation to the 2015 Annual General Meeting.
ABM Resources NL (ASX:ABU) are pleased to provide the Chairman's Address to Shareholders at the 2015 Annual General Meeting.