Latest news with #Au
Associated Press
5 days ago
- Business
- Associated Press
Wudinna Gold Project Rights Acquisition Completed
HIGHLIGHTS ADELAIDE, AUSTRALIA / ACCESS Newswire / July 24, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to announce completion of its rights to acquire the Wudinna Gold Project (Wudinna) from Cobra Resources PLC (Cobra). Cobra shareholders have approved the Transaction at a general meeting held yesterday, 24 July 2025 in the UK. Following this approval, Barton now has binding rights to ownership of Wudinna, and will work with Cobra to facilitate transfer of the Sale Assets to Barton, and Final Settlement. Commenting on the acquisition of Wudinna, Barton Managing Director Alexander Scanlon said: 'We are pleased to obtain Cobra shareholder approval for Barton's acquisition of the Wudinna Gold Project. Wudinna is a highly valuable addition to Barton's South Australian gold platform, which is now over 2Moz and set to grow further with the pending re-estimation of the Challenger underground mine. 'With this transaction approved, we will now continue our evaluation of opportunities to integrate Wudinna into our long-term regional development objectives. These assets offer significant optionality given our professional capabilities and planned future infrastructure. We look forward to sharing updates as we advance this project.' Wudinna Gold Project JORC Resources The Wudinna Gold Project is comprised of the Barns, White Tank, Clarke and Baggy Green Deposits hosting a combined JORC (2012) Mineral Resources Estimate (MRE) of 279,000oz Au (5.81Mt @ 1.5 g/t Au).2 Table 1 - Wudinna Gold Project September 2023 JORC (2012) Mineral Resources Estimate2 Key terms of acquisition The Wudinna acquisition was agreed on compelling terms for Barton, and in a framework of significant mutual benefit to each of Barton and Cobra. Cobra's shareholders will continue to hold a gold exposure through Barton and its considerably larger regional gold development platform, and each of Barton and Cobra will focus on their respective areas of development interest, gold and rare earths (respectively). Barton has paid to Cobra a non-refundable deposit of $50,000 cash, with further consideration to be paid subject to Completion and Final Settlement as summarised in Table 2 below:2 Table 2 - Wudinna Gold Project acquisition consideration payable2 Barton will also pay to Cobra certain contingent benefits, including:2 Other key terms of acquisition include:2 Barton and Cobra will now complete an Escrow Agreement and the Orderly Market Agreement, pursuant to which the tranche of $800,000 worth of Barton shares will be issued following New Tenements issue.5 Barton will provide further updates as the Transaction proceeds toward Final Settlement. 1 Refer to ASX announcement dated 2 July 2025; capitalised terms in this document have the same meaning as defined in that document 2 Refer to ASX announcement dated 2 July 2025; capitalised terms have the same meaning as defined in that document 3 Cobra has the right to acquire the Exploration Licenses over which the ELAs have been issued pursuant to Section 30AA of the South Australian Mining Act (Original Tenements). If the New Tenements are not granted, the Parties may pursue the issue of new Exploration Licenses (and Final Settlement) through an application for subdivision of the Original Tenements in favour of Barton for those areas representing the Sale Assets or, if this is unsuccessful, Barton shall have the right to elect to either (a) take the Original Tenements in lieu, or (b) terminate the Transaction. 4 All Barton Shares issues pursuant to the Agreement will be issued pursuant to Barton's ASX Listing Rule 7.1 capacity. 5 Number of Barton shares calculated by reference to VWAP for the 30 trading days up to, but not including, the Agreement date, being approximately $0.78 / Barton share as of the close of business on Friday, 27 June 2025. 6 Number of Barton shares calculated by reference to VWAP for the 30 trading days up to, but not including, the Exploration Milestone date. 7 Number of Barton shares calculated by reference to VWAP for the 30 trading days up to, but not including, the Production Benefit buyback date. Updated Company JORC Mineral Resources Statement Further to the MRE for the Wudinna Gold Project detailed in this announcement:* Authorised by the Board of Directors of Barton Gold Holdings Limited. For further information, please contact: Competent Persons Statements The information in this announcement that relates to the estimation and reporting of the gold Mineral Resource estimates for the Barns, Baggy Green and White Tank Deposits has been compiled by Mrs Christine Standing BSc Hons (Geology), MSc (Min Econs), MAusIMM, MAIG. Mrs Standing is a Member of the Australian Institute of Geoscientists and the Australian Institute of Mining and Metallurgy and is a full-time employee of Snowden Optiro (Optiro Pty Ltd) and has acted as an independent consultant. The information in this announcement that relates to the estimation and reporting of the gold Mineral Resource estimate for Clarke has been compiled by Ms Justine Tracey BSc Hons (Geology), MSc (Geostatistics), MAusIMM. Ms Tracey is a Member of the Australian Institute of Geoscientists and is a full-time employee of Snowden Optiro (Optiro Pty Ltd) and has acted as an independent consultant. Mrs Christine Standing and Ms Justine Tracey have sufficient experience with the style of mineralisation, deposit type under consideration and to the activities undertaken to qualify as Competent Persons as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code). Mrs Standing and Ms Tracey consent to the inclusion in this announcement of the contained technical information relating the Mineral Resource estimations in the form and context in which it appears. About Barton Gold Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 2.1Moz Au & 3.1Moz Ag JORC Mineral Resources (78.9Mt @ 0.85 g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia. Competent Persons Statement & Previously Reported Information The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC). The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at or on the ASX website The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements. Cautionary Statement Regarding Forward-Looking Information This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'expect', 'target' and 'intend' and statements than an event or result 'may', 'will', 'should', 'would', 'could', or 'might' occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. * Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 25 July 2025. Total Barton JORC (2012) Mineral Resources include 1,049koz Au (39.7Mt @ 0.82 g/t Au) in Indicated category and 1,095koz Au (39.2Mt @ 0.87 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources. Cautionary Statement RegardingWudinna Gold Project MRE The resource estimates contained herein were prepared in accordance with the JORC (2012) Code by the Competent Persons for Cobra Resource PLC in 2023. The information has not materially changed since it was last reported. Nothing causes Barton to question the accuracy or reliability of the Competent Persons estimates. Barton accepts the quoted estimates and the Competent Persons view that the resource classification appropriately reflects the deposit's knowledge level. It is possible that following evaluation and/or further exploration work the currently reported estimates may materially change and hence need to be reported afresh under and in accordance with the JORC (2012) Code. Barton has not independently validated the former owner's estimates and is not to be regarded as reporting, adopting, or endorsing those estimates. Full disclosures are required to comply with ASX's 'Mining Report Rules for Mining Entities: See Frequently Asked Questions' FAQ 37 (Appendix 1) . APPENDIX 1 Additional Information in terms of ASX Mining FAQ 37 regarding the Wudinna Gold Project MRE. This material has also been previously published by Barton - refer to ASX announcement dated 2 July 2025. press release
News18
6 days ago
- Health
- News18
Australia to reduce US beef import restrictions denounced by Trump as ban
Melbourne, Jul 24 (AP) Australia will reduce restrictions on US beef imports after US President Donald Trump criticised what he described as an Australian ban on the meat, Agriculture Minister Julie Collins said. Collins said Thursday that relaxing the restrictions designed to keep Australia free of mad cow disease, also known as bovine spongiform encephalopathy or BSE, among its cattle herds would not compromise biosecurity. 'Australia stands for open and free trade — our cattle industry has significantly benefited from this," Collins said in a statement. Australia has allowed imports of beef grown in the United States since 2019. But Australia has not allowed imports from the US of beef sourced from Canada or Mexico because of the disease risk. But the US has recently introduced additional movement controls that identify and trace all cattle from Mexico and Canada to their farms of origin. US cattle import controls satisfy Australian authorities Australian authorities were 'satisfied the strengthened control measures put in place by the US effectively manage biosecurity risks," Collins said. 'Australia bans — and they're wonderful people, and wonderful everything — but they ban American beef," Trump told reporters then. 'Yet we imported USD 3 billion of Australian beef from them just last year alone. They won't take any of our beef. They don't want it because they don't want it to affect their farmers and, you know, I don't blame them, but we're doing the same thing right now," Trump added. Lawmaker fears appeasing Trump endangers Australian cattle industry Opposition lawmaker David Littleproud suspected the government was endangering Australia's cattle industry to appease Trump. 'I want to see the science and it should be predicated on science. I'm suspicious of the speed at which this has been done," Littleproud told reporters. 'We need to give confidence to the industry, but also to you (the public): this is not just about animal welfare, this is about human welfare, this is about BSE potentially coming into this country and having a human impact, so I think it's important the government's very transparent about the science and I don't think it's even beyond the question to have an independent panel review that science to give confidence to everybody," he added. Around 70 per cent of Australian beef is exported. Producers fear that export market would vanish overnight if diseases including mad cow or foot-and-mouth disease infected Australian cattle. Will Evans, chief executive of Cattle Australia who represents more than 52,000 grass-fed beef producers across the nation, said he was confident the agriculture department had taken a cautious approach toward US imports. 'The department's undertaken a technical scientific assessment and we have to put faith in them. They've made this assessment themselves. They've said: 'We've looked at this, we've looked at the best science, this is a decision that we feel comfortable with,'" Evans told the Australian Broadcasting Corp. 'When you have a 75 billion (Australian dollar, USD 50 billion) industry relying on them not making this mistake, I'm sure they've been very cautious in their decision-making," he added. US beef prices rise because of drought and a domestic cattle shortage Beef prices have been rising in the US due to factors that include drought and shrinking domestic herd numbers. The average price of a pound of ground beef in the US rose to USD 6.12 in June, up nearly 12 per cent from a year ago, according to US government data. The average price of all uncooked beef steaks rose 8 per cent to USD 11.49 per pound. Australia's opposition to any US tariffs will be high on the agenda when Prime Minister Anthony Albanese secures his first face-to-face meeting with Trump. Albanese and Trump were to hold a one-on-one meeting on the sidelines of a Group of Seven summit in Canada last month, but the US president left early. top videos View all Albanese expects the pair will meet this year, although no date has been announced. The two countries have had a bilateral free trade deal for 20 years and the US has maintained a trade surplus with Australia for decades. (AP) GRS GRS (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
ITV News
16-07-2025
- ITV News
Peter Falconio's killer did not disclose location of body before dying
The killer of British backpacker Peter Falconio did not reveal where the remains of his victim are prior to his death, according to police in Australia. Bradley John Murdoch was convicted in 2005 of murdering Mr Falconio, 28, and assaulting his girlfriend Joanne Lees at gunpoint on a remote stretch of road near Barrow Creek in Australia's Northern Territory on July 14 2001. Mr Falconio and Ms Lees, both from Yorkshire, were travelling across the country in a camper van when they were ambushed by Murdoch on the Stuart Highway, an isolated road that runs through the centre of Australia. Murdoch was convicted and sentenced to life imprisonment without parole for at least 28 years. Murdoch, 67, was diagnosed with terminal throat cancer in 2019 and was moved to palliative care from Alice Springs Correctional Centre last month, according to local media reports. The Northern Territory Department of Corrections confirmed that Murdoch died in hospital in Alice Springs. A spokesperson said: 'The death will be subject to investigation by the Northern Territory Coroner. 'No further comment at this time.' Northern Territory Police Force said Murdoch did not provide any fresh information about the location of Mr Falconio's body prior to his death. In a statement the force said: 'The Northern Territory Police Force acknowledges the death of Bradley John Murdoch, the man convicted of the 2001 murder of British backpacker Peter Falconio near Barrow Creek. 'It is deeply regrettable that Murdoch has died without, as far as we are aware, ever disclosing the location of Peter Falconio's remains. 'His silence has denied the Falconio family the closure they have so long deserved. 'Our thoughts are with the Falconio family in the United Kingdom, whose grief continues.' The statement continued: 'The Northern Territory Police Force remains committed to resolving this final piece of the investigation. 'We continue to appeal to anyone who may have information that could lead us to Peter Falconio's remains to come forward, no matter how small the detail may seem. 'A reward of up to 500,000 Australia dollars (£243,650) is available to anyone providing information that leads to the discovery of Peter Falconio's remains.' Mr Falconio and Ms Lees had been driving near the tiny settlement of Barrow Creek, around 188 miles north of Alice Springs, when Murdoch pulled up beside them claiming to have seen sparks coming from their van. He shot Mr Falconio in the head as he inspected the vehicle, before forcing Ms Lees into his vehicle and binding her wrists with cable ties. She managed to escape, hiding in the Outback for hours before flagging down a passing truck. During the trial, prosecutors argued that Murdoch was likely to have disposed of the backpacker's body somewhere in the vast, remote expanse of desert between Alice Springs and Broome, covering more than 1,200 miles. Despite repeated searches, Mr Falconio's body has never been found. Ms Lees, who returned to the UK, told Australian current affairs programme 60 Minutes in 2017 that she still wanted to 'bring him home'. 'Pete lost his life on that night, but I lost mine too,' she said at the time. 'I'll never be fully at peace if Pete's not found, but I accept that that is a possibility.'
The Star
14-07-2025
- Entertainment
- The Star
Steven Cheung and family at risk of homelessness as lease termination nears
With no means of securing alternative housing as their lease termination date approaches, Steven Cheung and his family are at risk of homelessness. Photo: China Press Despite his ongoing efforts to make ends meet, Hong Kong singer Steven Cheung continues to grapple with financial instability. Back in May, his wife Au Yin Man revealed that they were a month and a half behind on their rent, which amounts to HK$15,000 (RM8,130) per month. She recently disclosed that their landlord had issued a 14-day notice to terminate the lease, leaving the family on the brink of eviction. With no means to secure alternative housing and the termination date fast approaching, the situation has grown increasingly dire. 'My birthday is at a dead end this year. There are six days left, and nothing has changed! It seems that the whole family will be sleeping on the streets soon,' she wrote on Instagram. Au added that their only option might be to seek shelter services, hinting at the possibility of family separation, according to Hong Kong portal Dimsum Daily. This revelation shocked many netizens, who expressed deep concern for the family's well-being – especially for the couple's four young children, aged between two and six. Cheung's career took a hit in 2019 after he announced his marriage to Au while still dating Hong Kong actress April Leung. In recent years, the singer, who was part of the Cantopop duo Boyz, has taken on various jobs to stay afloat – including cable wiring, construction work, distributing fliers and condoms, as well as making food delivery orders.
The Star
11-07-2025
- Entertainment
- The Star
Steven Cheung's wife hits back after he blames her for losing China job offer
Hong Kong singer Steven Cheung previously accused his wife Au Yin Man of causing him to lose a job opportunity in mainland China. Photo: Steven Cheung/Instagram Controversial Hong Kong singer Steven Cheung and his wife Au Yin Man have been married for six years, but their relationship has been plagued by recurring ups and downs. In January 2022, Au, 33, announced their divorce but reconciled just two days after. Later that year, she hinted at another possible separation, saying she had reached her limit, though the split never materialised. Now, fresh tension appears to be brewing between the two. According to China Press , Cheung, 40, recently accused his wife of causing him to lose a job opportunity in mainland China. In response to the claim, Au took to her Instagram Story to lash out at Cheung, warning that she would go 'even crazier' if he provoked her further. 'I have responsibilities too, so please give me time to go out and work. 'You told me I was the reason you couldn't go back to work in China, but please think about what you had previously done when you went to work there! 'If you keep provoking me, I'll go even crazier. I already have a reputation for being mentally unstable anyway,' she wrote. Au didn't elaborate further on what Cheung allegedly did during his previous stay in China. For the record, Cheung's career took a hit in 2019 after he announced his marriage to Au while still dating Hong Kong actress April Leung. In recent years, the singer, who was part of the Cantopop duo Boyz, has taken on various jobs to make ends meet – including cable wiring, construction work, distributing fliers and condoms, as well as making food delivery orders. Despite his efforts, Cheung and his family continue to face financial hardship. In May, Au revealed that they had fallen a month and a half behind on their rent, which amounts to HK$15,000 (RM8,130) per month. The family received a lease termination notice from their landlord earlier this month.
