Western Yilgarn secures new exploration licences in Western Australia's Gascoyne Region
Western Yilgarn has acquired new exploration licences, expanding its gold portfolio within the Gascoyne Region of Western Australia.
The licences, covering an area of 201km², are located just 8.7km from the high-potential Glenburgh Gold Project.
The newly secured ground lies over a highly fertile craton margin and metamorphic belt terrane, with the potential for significant gold mineralisation.
The licences are fully owned by Western Yilgarn and fall within the Dalgaringa Supersuite, which hosts the Glenburgh Gold Project.
The company said that the region has been recognised for its gold potential in recent decades but remains underexplored, offering a substantial opportunity for new discoveries.
Exploration activities are already under way, including comprehensive geological and geophysical analysis aimed at identifying prospective gold drilling targets.
The Gascoyne Project area is situated approximately 300km east of Carnarvon by road, with access from the west via Meekatharra-Carnarvon Road or from Jack Hills through Milly Milly station.
Western Yilgarn non-executive director Pedro Kastellorizos said: 'We are extremely pleased to secure the Gascoyne Gold Project as it provides excellent potential to delineate gold resources similar to the Benz Mining Glenburgh mineralised gold system, which now expands over 50km in length.
'The company has the same geological lithologies as the Glenburgh Gold Project located to the north of the current tenements. We have now commenced a geological and geophysics review for the purposes of delineating gold targets to commence ground exploration activities.'
In addition to this expansion, Western Yilgarn's management team has recently undergone a strategic restructure.
This included divesting from international subsidiary projects and acquiring new, highly prospective land holdings in some of Australia's emerging nickel-gold regions.
"Western Yilgarn secures new exploration licences in Western Australia's Gascoyne Region" was originally created and published by Mining Technology, a GlobalData owned brand.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Newsweek
2 days ago
- Newsweek
The Future of Mercedes-AMG Is Maybach-less
Michael Schiebe is running two divisions of Mercedes-Benz that have unique buyer sets, Mercedes-AMG and Mercedes-Maybach. AMG is the performance arm of the company and Maybach has super luxury vehicle buyers. Though they have one brand boss, they won't ever combine. "We will never, ever put those brands together, because they are different brands, and they are very special, and they are unique," Schiebe told Newsweek. The publication named Schiebe its World's Greatest Auto Disruptors Visionary Disruptor of the Year this year. Maybach and AMG are on similar paths, tasked with redefining themselves in customers' eyes as the brands find themselves part of the larger Mercedes-Benz technology and sustainability stories. While AMG is tasked with pushing the performance limits of the possible, Maybach is redefining what limits are for the company's most exclusive client set. Making a car an AMG or a Maybach isn't just about slapping upgraded finishes or parts on an existing Mercedes-Benz model. "Just to give you an example, when we turn an SL into a Maybach... We have different components in the car, different software, different suspension. We define certain criteria that a Maybach needs to fulfill to be a real Maybach, and if it doesn't fulfill this requirement, it does not qualify. We will never, ever sacrifice our high ambition for the requirements we have," Schiebe explained. Big Pilot's Watch and the Mercedes-AMG G 63. Big Pilot's Watch and the Mercedes-AMG G 63. Mercedes-AMG As the next generation of Mercedes-Benz cars comes to market, fresh platforms and power approaches will allow Maybachs to take on new levels of luxury. "I would say they should stay tuned when it comes to technology, because all the next generations of our existing portfolios and new cars, our job is to make it a Maybach. It doesn't matter whether it's an S-Class or it's a GLS, or whatever future portfolio position. They will become more comfortable than they are today," Schiebe said. "If you buy Maybach, you don't want to have the mainstream car. You want to differentiate yourself. This is why Maybach cars will never be like high-volume cars. It's a very, I would say, unique customer group. They want to show that they differ or differentiate themselves from mainstream customers. This is why, of course, the Maybach is also in a different price league than just our mainstream cars." Customers should not expect Maybach to be anything other than true to itself while pushing forward. "Talking about the future, I would say it's part of our job to constantly review the portfolio," Schiebe said. "I would say we can go further down with our [special] editions. We have been very successful with the Virgil Ablow edition... I see there is further room for, let's say, very special, low volume, very specific editions," Schiebe divulged. The Limited Edition Maybach by Virgil Abloh debuted in 2022 and was based on the S-Class sedan. The Mercedes-Maybach SL Monogram Series parked in Ibiza. The Mercedes-Maybach SL Monogram Series parked in Ibiza. Mercedes-Maybach Schiebe also hinted at a "small volume, special series" that is in the works, but refused to say which of the five Maybachs currently for sale (EQS Sedan, EQS SUV, S-Class, GLS-Class and SL-Class) would be part of the project. "[Special editions] fulfill different roles," Head of Mercedes-Maybach Daniel Lescow, told Newsweek. "Certainly, they help to draw attention to the brand, especially if we do it in a combination with the collaboration. It is a part of the brand building that is a building block." "Fortunately, we have seen the brand awareness rising over the past years. That's a very, very positive development. These editions certainly have a play in that... Customers who really want to go for that very, very, very special offer, and they find this in the editions," Lescow continued. Mercedes-Maybach will enhance the luxury of its in-person experience, a process that has been underway for the last decade. "We started with the atelier in Shanghai, which is a dedicated brand space. It's important to have people there, sales personnel, that can fully indulge into the Maybach world and are able to explain not only the car, but also the brand philosophy and the brand history. And this space in particular is the essence of the brand aesthetic. If you enter that space... you immediately get an understanding what the brand stands for," Lesow said. Much of the atelier experience comes down to appealing to a customer's senses — whether it's the smell of one of the brand's signature scents, the taste of a made-to-order espresso, the feel of supple leather options for the interior of a bespoke model or show cars that serve as inspiration. Maybach has their sights set on a level of service you'd find at a high-end hotel or restaurant. "You come in, we know you as our customers, and we treat you like in a five-star restaurant. We know what you want before you come to us and then we're going show it to you," Schiebe explained. Bottles from the Mercedes-Maybach Haute Parfumerie collection. Bottles from the Mercedes-Maybach Haute Parfumerie collection. Mercedes-Maybach Brand centers are designed to go further. The company is opening its first in Seoul, "A space in the middle of the very busy Gangnam area, a very stylish area in the middle of the top shopping [district]. This will be a very, very important expression of the brand," Lescow said. With its upgraded client services offerings, the Maybach brand is looking to raise the bar on super luxury car buying, besting those long considered the leads in the business, like Rolls-Royce, Lamborghini and Bentley.
Yahoo
2 days ago
- Yahoo
The Presidio Group Exclusively Facilitates the Sale of Two Mercedes-Benz Dealerships in Mississippi and Tennessee to Lithia Motors
JACKSON, Miss., June 10, 2025--(BUSINESS WIRE)--The Presidio Group LLC ("Presidio"), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Trudy Higginbotham Moody, Wallis Higginbotham and family on the sale of two Mercedes-Benz dealerships to Lithia Motors, Inc. (NYSE: LAD). The transaction, which was finalized June 2, involved Mercedes-Benz of Jackson in Mississippi and Mercedes-Benz of Collierville in suburban Memphis, Tenn., and included their associated real estate. The Mercedes stores had been part of a family business led by longtime dealer Dennis Higginbotham, who founded his first dealership in New Smyrna Beach, Fla., in 1976. He sold the dealership group he built to Sonic Automotive, Inc. in 1998. In 2001, he and his family became dealership owners again when they purchased Mercedes-Benz of Jackson. They later acquired the Tennessee Mercedes-Benz store as an open point. Moody, Dennis Higginbotham's daughter and the state of Mississippi's most recent TIME Dealer of the Year nominee, operated the Jackson location as dealer principal. "After careful consideration, our family made the difficult decision to sell these stores," said Moody, who also has served as chair of the Mississippi Automobile Dealers Association. "We turned to our trusted friends at Presidio to help us achieve our goals and ensure a seamless transaction that honors our family's automotive heritage and our father's legacy. I am deeply grateful to our dedicated team members and loyal customers for their longtime support that made our business so successful." For Lithia, the transaction strengthens the company's growing footprint in the Southeast and further boosts its presence in the luxury market. "This purchase allows us to expand our presence in Mississippi and Tennessee, two strategic markets for our company," said Bryan DeBoer, president and CEO of Lithia Motors. "We are always excited to see acquisition opportunities from Presidio given its professionalism and top-notch processes. This marks our fifth transaction facilitated by the firm with the amount of revenue acquired through those deals topping $4 billion, and it upheld the smooth, high-quality approach we've come to associate with Presidio." In Mississippi, Lithia already operates Toyota of Jackson. In Tennessee, it operates Sunrise Buick-GMC at Wolfchase and Sunrise Chevrolet-Buick-GMC at Collierville, both in suburban Memphis, and West Knoxville Chrysler-Dodge-Jeep-Ram in Knoxville. "Working with the Higginbotham family was a privilege," said Alex Watterson, managing director of The Presidio Group. "Their commitment to excellence, deep automotive roots and desirable brands and locations made this a meaningful transaction for both them and Lithia." "Despite the daily tariff headlines, well-capitalized dealers continue to seek strategic acquisitions to strengthen their market presence and expand their dealership networks," said George Karolis, president of The Presidio Group. "We were well suited to represent these dealerships to the market as our team has first-rate expertise in luxury automotive transactions, especially with Mercedes-Benz stores. We were honored to guide this process and provide a successful outcome for Trudy and the Higginbotham family, and we thank them for the trust they placed in us." The Higginbotham family was represented by Eric Gregory of Gregory Law, LLC. Lithia Motors was represented by Edward Impert, the company's general counsel, and Aaron Weisman, the company's legal director of M&A and real estate. The Presidio Group provided exclusive M&A advisory services to the Higginbotham family through its wholly owned investment bank, Presidio Merchant Partners LLC. About Higginbotham Automobiles Higginbotham Automobiles is a family-owned business operating in the Southeast and founded by Dennis Higginbotham, who first became a dealer in 1976. After selling stores to Sonic in 1998, the Higginbotham family became dealership owners once again in 2001. The family has been recognized for its emphasis on creating an excellent work environment and for staff longevity at its stores. About Lithia & Driveway Lithia & Driveway (NYSE: LAD) is the largest global automotive retailer providing a wide array of products and services throughout the vehicle ownership lifecycle. Simple, convenient and transparent experiences are offered through Lithia's comprehensive network of physical locations, e-commerce platforms, captive finance solutions, fleet management offerings and other synergistic adjacencies. The company delivers consistent, profitable growth in a massive and unconsolidated industry. Its highly diversified and competitively differentiated design provides it the flexibility and scale to pursue its vision to modernize personal transportation solutions wherever, whenever and however consumers desire. About The Presidio Group LLC The Presidio Group was founded in 1998 with the simple mission to relentlessly put the interests of our clients first. By steadfastly adhering to this philosophy, the firm has earned the trust of clients throughout the United States. During their careers, the professionals at Presidio have collectively closed nearly 290 transactions for about $19 billion. The Presidio Group, based in Denver and Atlanta, publishes Presidio Perspectives: A Quarterly Outlook on Auto Retail and M&A Trends, a leading source of information about the automotive retail landscape. Presidio Merchant Partners LLC is a subsidiary of The Presidio Group LLC and is a member of FINRA and SIPC. For more information on Presidio, visit View source version on Contacts Brodie Cobb(720) 844-3151bcobb@ George Karolis(678) 831-5520gkarolis@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
2 days ago
- Business Wire
The Presidio Group Exclusively Facilitates the Sale of Two Mercedes-Benz Dealerships in Mississippi and Tennessee to Lithia Motors
BUSINESS WIRE)--The Presidio Group LLC ('Presidio'), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Trudy Higginbotham Moody, Wallis Higginbotham and family on the sale of two Mercedes-Benz dealerships to Lithia Motors, Inc. (NYSE: LAD). The transaction, which was finalized June 2, involved Mercedes-Benz of Jackson in Mississippi and Mercedes-Benz of Collierville in suburban Memphis, Tenn., and included their associated real estate. The Mercedes stores had been part of a family business led by longtime dealer Dennis Higginbotham, who founded his first dealership in New Smyrna Beach, Fla., in 1976. He sold the dealership group he built to Sonic Automotive, Inc. in 1998. In 2001, he and his family became dealership owners again when they purchased Mercedes-Benz of Jackson. They later acquired the Tennessee Mercedes-Benz store as an open point. Moody, Dennis Higginbotham's daughter and the state of Mississippi's most recent TIME Dealer of the Year nominee, operated the Jackson location as dealer principal. 'After careful consideration, our family made the difficult decision to sell these stores,' said Moody, who also has served as chair of the Mississippi Automobile Dealers Association. 'We turned to our trusted friends at Presidio to help us achieve our goals and ensure a seamless transaction that honors our family's automotive heritage and our father's legacy. I am deeply grateful to our dedicated team members and loyal customers for their longtime support that made our business so successful.' For Lithia, the transaction strengthens the company's growing footprint in the Southeast and further boosts its presence in the luxury market. 'This purchase allows us to expand our presence in Mississippi and Tennessee, two strategic markets for our company,' said Bryan DeBoer, president and CEO of Lithia Motors. 'We are always excited to see acquisition opportunities from Presidio given its professionalism and top-notch processes. This marks our fifth transaction facilitated by the firm with the amount of revenue acquired through those deals topping $4 billion, and it upheld the smooth, high-quality approach we've come to associate with Presidio.' In Mississippi, Lithia already operates Toyota of Jackson. In Tennessee, it operates Sunrise Buick-GMC at Wolfchase and Sunrise Chevrolet-Buick-GMC at Collierville, both in suburban Memphis, and West Knoxville Chrysler-Dodge-Jeep-Ram in Knoxville. 'Working with the Higginbotham family was a privilege,' said Alex Watterson, managing director of The Presidio Group. 'Their commitment to excellence, deep automotive roots and desirable brands and locations made this a meaningful transaction for both them and Lithia.' 'Despite the daily tariff headlines, well-capitalized dealers continue to seek strategic acquisitions to strengthen their market presence and expand their dealership networks,' said George Karolis, president of The Presidio Group. 'We were well suited to represent these dealerships to the market as our team has first-rate expertise in luxury automotive transactions, especially with Mercedes-Benz stores. We were honored to guide this process and provide a successful outcome for Trudy and the Higginbotham family, and we thank them for the trust they placed in us.' The Higginbotham family was represented by Eric Gregory of Gregory Law, LLC. Lithia Motors was represented by Edward Impert, the company's general counsel, and Aaron Weisman, the company's legal director of M&A and real estate. The Presidio Group provided exclusive M&A advisory services to the Higginbotham family through its wholly owned investment bank, Presidio Merchant Partners LLC. About Higginbotham Automobiles Higginbotham Automobiles is a family-owned business operating in the Southeast and founded by Dennis Higginbotham, who first became a dealer in 1976. After selling stores to Sonic in 1998, the Higginbotham family became dealership owners once again in 2001. The family has been recognized for its emphasis on creating an excellent work environment and for staff longevity at its stores. About Lithia & Driveway Lithia & Driveway (NYSE: LAD) is the largest global automotive retailer providing a wide array of products and services throughout the vehicle ownership lifecycle. Simple, convenient and transparent experiences are offered through Lithia's comprehensive network of physical locations, e-commerce platforms, captive finance solutions, fleet management offerings and other synergistic adjacencies. The company delivers consistent, profitable growth in a massive and unconsolidated industry. Its highly diversified and competitively differentiated design provides it the flexibility and scale to pursue its vision to modernize personal transportation solutions wherever, whenever and however consumers desire. About The Presidio Group LLC The Presidio Group was founded in 1998 with the simple mission to relentlessly put the interests of our clients first. By steadfastly adhering to this philosophy, the firm has earned the trust of clients throughout the United States. During their careers, the professionals at Presidio have collectively closed nearly 290 transactions for about $19 billion. The Presidio Group, based in Denver and Atlanta, publishes Presidio Perspectives: A Quarterly Outlook on Auto Retail and M&A Trends, a leading source of information about the automotive retail landscape. Presidio Merchant Partners LLC is a subsidiary of The Presidio Group LLC and is a member of FINRA and SIPC. For more information on Presidio, visit
