Latest news with #CentralAsiaMetals
Yahoo
12-07-2025
- Business
- Yahoo
Investors Met With Slowing Returns on Capital At Central Asia Metals (LON:CAML)
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at Central Asia Metals (LON:CAML) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Central Asia Metals, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.17 = US$69m ÷ (US$440m - US$28m) (Based on the trailing twelve months to December 2024). Therefore, Central Asia Metals has an ROCE of 17%. In absolute terms, that's a satisfactory return, but compared to the Metals and Mining industry average of 11% it's much better. View our latest analysis for Central Asia Metals In the above chart we have measured Central Asia Metals' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Central Asia Metals for free. There hasn't been much to report for Central Asia Metals' returns and its level of capital employed because both metrics have been steady for the past five years. This tells us the company isn't reinvesting in itself, so it's plausible that it's past the growth phase. With that in mind, unless investment picks up again in the future, we wouldn't expect Central Asia Metals to be a multi-bagger going forward. That probably explains why Central Asia Metals has been paying out 87% of its earnings as dividends to shareholders. If the company is in fact lacking growth opportunities, that's one of the viable alternatives for the money. In summary, Central Asia Metals isn't compounding its earnings but is generating stable returns on the same amount of capital employed. And with the stock having returned a mere 39% in the last five years to shareholders, you could argue that they're aware of these lackluster trends. So if you're looking for a multi-bagger, the underlying trends indicate you may have better chances elsewhere. If you want to know some of the risks facing Central Asia Metals we've found 2 warning signs (1 is significant!) that you should be aware of before investing here. While Central Asia Metals isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
News.com.au
23-06-2025
- Business
- News.com.au
Resources Top 5: Another player steps up to the board for copper explorer New World Resources
Move over, Central Asia Metals – New World Resources has a new suitor in Kinterra Capital Terra Uranium is preparing to drill this year at the Spire, Horizon and HawkRock projects in the Athabasca Basin Ausgold is expanding the footprint of its Kulin project in WA on signing a farm-in agreement Your standout small cap resources stocks for Monday, June 23, 2025 New World Resources (ASX:NWC) A new player has stepped up to the oche in competition for ASX-listed North American copper explorer New World Resources (ASX:NWC), with Kinterra Capital joining London-listed Central Asia Metals on the board. After New World confirmed it had received an unsolicited, non-binding, conditional and indicative proposal from Kinterra Capital GP Corp. II in its capacity as general partner of the Kinterra Critical Materials & Infrastructure Opportunities Fund II, LP, the NWC share price equalled a three-year high of 6c. This represented an increase of 78.15% on the company's previous close with more than 71m shares changing hands before NWC closed at 5.7c. Kinterra is seeking to acquire all the shares in New World that it does not already own for 5.7c per share paid entirely in cash via an off-market takeover offer. On June 17, Kinterra held 11.99% of the capital of NWC. New World advised shareholders that they do not need to take any action at this time pending its assessment of the indicative proposal and said that the board, together with its advisers, was undertaking a review of the proposal. The new offer follows an improved offer on June 20 from Central Asia Metals (CAML) of 5.5c per NWC share, up from the original offer of 5.3c which valued the Arizona copper stock at about $197m. Following market close on June 20, NWC was notified by CAML that it had bought on market a total of 178,800,056 NWC shares, representing approximately 5% of the issued capital. New World Resources owns the Antler project in Arizona, one of the top copper jurisdictions in the United States. While not as large as the nearby Resolution deposit, a potential 400,000tpa mine on the books of Rio Tinto and BHP, it is far more likely to get developed in the near term. With most of its infrastructure on public land and key approvals already well progressed, the previously operating underground mine could be approved by early next year and in production as soon as 2027, within the term of pro-mining US President Donald Trump. At 30,000tpa copper equivalent (including 16,000tpa of the red metal), the project is ready to benefit as copper surpluses shift to deficits amid surging demand for the metal from clean energy technologies. NWC's initial suitor CAML already has operating experience at the Kounrad project in Kazakhstan and at Sasa in North Macedonia, 150km east of the capital of Skopje. Terra Uranium (ASX:T92) (Up on no news) Reflecting improved and strengthening market fundamentals for uranium globally and particularly in North America in line with President Trump's executive order to expand uranium mining and allowing nuclear power plants to be built on federal land, Terra Uranium reached 3.5c, an increase of 29.63% on the company's previous close, before closing at 3c. The company is preparing to drill this year at the Spire, Horizon and HawkRock projects in the uranium-rich Athabasca Basin in Saskatchewan, Canada. Interpretation from an Xcite airborne survey flown in Q4 2024 has been completed in preparation for a drilling program during the northern summer. The Spire and Horizon properties are part of an option agreement with ATHA Energy Corporation (TSXV:SASK) with the companies working toward establishing a joint venture. A focused drill program of 2,000m across the two properties will meet T92's 2025 spending commitments to this agreement and allows both companies to fully assess the potential of Spire and Horizon for uranium and base metal potential. HawkRock is a T92 project and airborne gravity and magnetics have provided drill targets along conductive corridors. A coordinated program across all projects has been prepared and permits are in place for an efficient and focused drill program in 2025 across multiple drill-ready targets. 'Terra Uranium is encouraged to see the uranium market in Saskatchewan growing momentum,' Terra Uranium director Doug Engdahl said. 'We believe in our targeting strategy and we aim to efficiently evaluate these projects in the most promising uranium district in the world.' The company remains well-positioned to take advantage of an anticipated recovery in the uranium price, reflecting the global recognition of nuclear energy's critical role in a low-carbon future, particularly in response to the demand surge for sustainable power sources, including AI-driven data centres. Ausgold (ASX:AUC) After expanding the footprint of its Kulin project in WA on reaching a farm-in agreement to acquire a majority stake in an adjacent exploration licence highly prospective for gold, Ausgold rose 7.75% to a daily high of 76.5c and then eased back to 72.5c. The new 106km2 exploration licence covers the northern extension of the Yandina Thrust – a fertile structure hosting the nearby Griffins Find and Tampia gold mines. Geochemical sampling has defined a +3km long coherent +10ppb gold-in-soil anomaly with two central +50ppb 'bullseye' targets that have strike lengths of 600m each. Trenching over these bullseye targets returned results of 31m at 1g/t gold and 20m at 0.6g/t gold. Deep diamond holes drilled to test a 300m down-dip continuation of surface mineralisation returned up to 3m grading 2.37g/t gold from a down-hole depth of 341m. The newly defined trend represents a compelling exploration opportunity and will be the focus of further auger sampling in Q1 FY26, with the aim of delineating additional drill-ready targets across the broader region. Under a farm-in agreement, the company can earn up to 70% in the exploration licence by first spending $250,000 within 18 months to earn an initial 51%. It can increase this to 70% by spending another $360,000 over the following 24 months. Once completed, the vendor Critica (ASX:CRI) will retain a 30% interest with the right to convert it into a 1.5% net smelter royalty at a decision to mine. Magnetic Resources (ASX:MAU) Magnetic Resources edged higher after increasing contained gold resources at its Lady Julie project in WA's Laverton region by ~22% to 2.14Moz just days after signing a key native title agreement. The resource upgrade to 35.69Mt at 1.86g/t also takes overall resources in the Laverton region to 40.72Mt at 1.77g/t for 2.32Moz of contained gold. Shares were up as much as 3.9% to a daily high of $1.61 and closed at $1.56, just above the company's close on June 20. The upgrade is due to the success of recent infill drilling at the key Lady Julie North 4 deposit which hosts most of the resource (31.18Mt at 1.93g/t for 1.94Moz), up 25% from the January 2025 update. Infill drilling also significantly improved confidence in the continuity of mineralisation and the resource estimate with 81% of the LJN4 resource now in the higher confidence indicated category that possesses enough certainty for mine planning. Additionally, the company has completed a review of the structural geology at LJN4 resulting in an improved and more continuous 'fit' of the mineralisation wireframes to drill hole intercepts. Lady Julie is proposed to be commercialised through the construction of three open pits, with a concurrent underground mine, a CIL processing plant and associated infrastructure. Waratah Minerals (ASX:WTM) A strong performer among ASX-listed small cap stocks was NSW copper-gold explorer Waratah Minerals which closed 9.62% higher at 28.5c after reaching a daily top of 30.5c. The company has recently accelerated exploration at its Spur project, just 5km west of the massive Cadia Valley copper-gold operations south of Orange. An expanded three-rig campaign at Spur has confirmed extensions to known gold mineralisation at the Spur Gold Corridor, as drilling continues to investigate a potential link with a porphyry gold-copper system. Numerous intercepts from expansion drilling were returned within the >1km Spur Gold Corridor such as 77m at 1.31g/t gold from 310m, including 8m at 3.19g/t gold from 327m as well as 56m at 1.63g/t gold from 252m. New extensions to gold mineralisation, northeast of the Essex Fault, were identified with drilling linking the Spur and Consols Zones, returning 11m at 1.49g/t gold from 90m, including 1m at 14.45g/t gold from 98m. Meanwhile, the program at Breccia West intercepted a broad zone of porphyry-related mineralisation and alteration, with drillhole BZD002 hitting 33m at 0.18% copper equivalent and 61ppm molybdenum from 546m within 419m at 45ppm molybdenum from 34m. Ongoing work is rapidly growing the scale of the Spur Gold Corridor with 76 drill holes totalling 18,852m completed since mid-2024. The Spur Gold Corridor now contains 45 >50-gram x metre and 7 >100-gram x metre gold intersections, establishing it as one of the premier emerging gold discoveries in the region.
News.com.au
26-05-2025
- Business
- News.com.au
Art of the Deal: New World's $185m cash takeover has fans
Arizona copper developer New World Resources announced a $185m cash takeover by London-listed Central Asia Metals last week At 5c a share the deal clocks in at a near 80% premium to its pre-bid share price We check what analysts and instos think of the deal New World Resources' (ASX:NWC) planned $185 million takeover by London-listed Central Asia Metals has been branded a 'sensible deal' and received a positive response from at least one large shareholder after the copper explorer plotted an exit via the acquisition. The company owns the Antler project in Arizona, one of the top copper jurisdictions in the United States. While it doesn't have the heft of the nearby Resolution deposit, a potential 400,000tpa mine on the books of Rio Tinto and BHP, it is far more likely to get developed in the near term. With most of its infrastructure on public land and key approvals already well progressed, the previously operating underground mine could be approved by early next year and in production as soon as 2027, within the term of pro-mining US President Donald Trump. At 30,000tpa copper equivalent (including 16,000tpa of the red metal), the project is ready to benefit as copper surpluses shift to deficits amid surging demand for the metal from clean energy technologies. The deal was announced on Wednesday night. Priced at 5c a share, the offer came in at a 78.6% premium to New World's undisturbed May 20 closing price of 2.8c, 95.7% premium to its 30-day VWAP and 150% premium to the terms of a $14m capital raise in March. CAML already has operating experience at the Kounrad project in Kazakhstan and Sasa in North Macedonia, 150km east of the capital of Skopje. America is a different kettle of fish, but one that has become increasingly development friendly for miners in recent months, with Antler notably joining the rush of companies to be placed on the FAST-41 transparency list, a designation that should streamline approvals. What did analysts say? With the deal announced, the verdicts have started to flow through. Canaccord Genuity's Paul Howard described the $185m deal as "sensible" in a note to clients. "After undertaking a recent financing and strategic partnering process, the Board unanimously recommends that shareholders vote in favour of the scheme, in the absence of a superior proposal/subject to the independent expert, with the Board considering the scheme an attractive and accelerated realisation of value," he said. "Given permitting and development risk, this screens as a sensible deal at this point in time, in our view." Howard noted the transaction remains subject to the receipt of US and North Macedonian regulatory approvals, an independent expert report and Australian court approval. His London counterpart Tim Huff said the deal came in at a 0.24x multiple on the NPV in the Antler PFS, but described it as a 'sensible discount' with the DFS and permitting still to be completed. "With the Antler PFS forecasting over US$100m of annual FCF at full run-rate, we see this as a solid and affordable transaction for CAML and a positive for its longer-term growth strategy," he said. Over at Argonaut, George Ross noted the scheme will not be voted on until August, leaving the door open for a competitive bidding process. The Perth brokerage has cut its price target from 6.5c to 5c in line with the deal price, changing its recommendation from a spec buy to a hold. What do investors say? By and large the deal appears to have been well received on the market, with the company's shares trading slightly below the offer price. Nero Resource Fund portfolio manager and founder Rusty Delroy says his fund holds in the order of 52 million shares, which would place it among the top 10 shareholders at a stake of close to 1.5%. The largest shareholder, Perth-based private equity firm Resource Capital Funds, has over 7%. Delroy said high prices for copper and gold, mixed with weak sentiment for junior explorers and developers had tipped the scale in favour of M&A. "In terms of copper M&A more broadly, I think we are in an M&A cycle in copper, gold and other commodities. I think across the resources landscape there are big and mid-size operators that have very healthy balance sheets," he said. "At the same time ... In the single-asset, small-cap land, companies with progressed, legitimate assets, there are also very compelling valuations in those. "So when you have a combination of good balance sheets and reasonable operating margins up the food chain, combine that with low valuations down the food chain, then that should precipitate M&A." Delroy said New World's management team, led by managing director Nick Woolrych and CFO Warwick Amos, had done a good job to present an asset with a feasible timeline to production. "This (deal) is an absolute credit to management. The MD and the CFO are real weapons, they're good blokes and proper mining adults," he said. "It's precipitated a corporate outcome much quicker than we anticipated." He added that the change in the political framework under Donald Trump was precipitating M&A, with cashed-up companies now hunting the US market. "America is becoming relatively more attractive as an investment destination in natural resources, and I think this deal very clearly demonstrates that," Delroy said.
News.com.au
22-05-2025
- Business
- News.com.au
Resources Top 5: M&A brewing as New World rises on $185m US copper takeover
New World Resources soars ~70% on $185m takeover from London-listed Central Asia Metals Aurumin has entered into binding term sheets with Newcam Minerals Omega Oil and Gas has confirmed that an extensive oil & gas system is present across its Taroom Trough acreage Your standout resources stocks for Thursday, May 22, 2025 New World Resources (ASX:NWC) M&A activity is heating up in the resources sector and it is not restricted to gold stocks. New World has fielded an offer from London-based Central Asia Metals and directors unanimously recommend a vote in favour of a scheme implementation deed valuing the company at $185m. Investors share the enthusiasm of directors, sending NWC shares 71.43% northward to 4.8c, a two-year high, with more than 237m shares changing hands. It closed up 66% at 4.65c. The all-cash offer of 5c per share represents a 95.7% premium over the 30-day volume weighted average price of the company's shares and is 150% higher than the issue price of its March 2025 capital raise. 'We believe this transaction represents an exceptional outcome for New World shareholders, delivering certainty of value at a significant premium,' New World's managing director Nick Woolrych said. 'The board decided to pursue this transaction despite receiving exceptionally strong interest from multiple Tier-1 project financiers and strategic partners, which reflects the quality of the Antler Copper Project and its inherent strategic value in the global copper landscape. 'Ultimately, the board believes that this transaction offers a superior risk-adjusted outcome compared to a standalone development of the Antler Copper Project, allowing shareholders to crystallise their investment at a significant premium without the risks associated with a longer-term standalone financing and development pathway. 'We believe that CAML will be a great steward for the Antler Copper Project moving forward, bringing their strong balance sheet and extensive underground mining and operating expertise to the table, together with New World's established US operations team, to bring this high-quality underground copper asset into production.' Central Asia Metals is a London-based base metals producer with operations in Europe and Central Asia – the SASA underground zinc-lead mine in North Macedonia and Kounrad SX-EW copper project in central Kazakhstan. It also owns an 80% interest in CAML Exploration, a subsidiary formed to progress early-stage exploration opportunities in Kazakhstan, and a 28.4% interest in Aberdeen Minerals Ltd, a privately-owned UK company focused on the exploration and development of base metals opportunities in northeast Scotland. CAML brings extensive experience in developing and operating underground mines of a similar size and scale to New World's Antler Copper Project and is committed to continuing the rapid advancement of Antler towards development. An independent expert will be appointed by the company to determine if the offer is in the best interests of its shareholders. The offer will then be put to a vote by New World shareholders at a scheme meeting with the company's directors saying they will vote in its favour. 'I commend the entire New World team who have done an exceptional job advancing the Antler project to date,' New World's chairman Richard Hill said. 'The CAML scheme is the culmination of many years of hard work and delivers certain value for shareholders at a significant premium.' Earlier this month, New World Resources announced a substantial increase in the contained metal and the confidence level of the JORC MRE for Antler following a successful exploration drilling program and a comprehensive exploration review. The total MRE, inclusive of newly defined mineralised zones, now stands at 14.2Mt at 3.8% copper equivalent. Contained CuEq metal increased by about 16% to 543,000t, including a 27% increase in contained silver and a 15% increase in contained gold. That confirmed Antler's position as one of the highest-grade copper projects globally. Aurumin (ASX:AUN) Also on the transaction front, Aurumin has entered into binding term sheets for two strategic arrangements with Newcam Minerals Pty Ltd that advance AUN's path to gold production and unlock value from non-core assets. The first agreement is valued at $4m and will see Newcam earn up to 50% interest in the Johnson Range and Mt Dimer gold projects via staged expenditure with the intention of forming a joint venture over the gold rights. Exploration and development will be led by Newcam during the earn-in period and Aurumin can elect to be free-carried to net profit. A term sheet has also been entered for a $1m cash sale of the non-gold mineral rights across Aurumin's Sandstone tenure, streamlining the company's portfolio and strengthening its balance sheet. Together, these transactions support the near-term development of the 64,700oz at 2.51g/t Au Gwendolyn deposit, which is on a granted mining lease and recently underwent its first drilling in more than a decade. Newcam, which can begin exploration expenditure immediately, is a private company with a multiple mineral portfolio including gold and iron ore assets in WA's Mid West. With its own drilling, mining and haulage fleet, Newcam is a fully integrated mine operator, ready to deploy its experienced team and quality equipment onto new projects. 'Subject to completion, these transactions are strategically transformative. With gold trading above A$5000/oz, securing a fully funded, non-dilutive pathway to production at Johnson Range will be a major milestone for Aurumin,' Aurumin's managing director Daniel Raihani said. 'The joint venture with Newcam, once executed, will unlock value from both Johnson Range and Mt Dimer, while the $1 million cash sale of non-gold rights at Sandstone strengthens our balance sheet and sharpens our focus as a pureplay gold developer. 'We're pleased to be working with a partner that brings proven capability and a production mindset, and we look forward to delivering further results as assays from Gwendolyn are returned. 'This is the first drilling at Johnson Range in over a decade, and our new management team is hitting the ground running at a time when the outlook for gold could not be stronger.' Investors have welcomed the arrangement with AUN shares as much as 28.8% higher to 8.5c, a new high of two years, on volume of more than 36m. Johnson Range is 200km north of Southern Cross and includes the Gwendolyn deposit, a near-term development opportunity on a granted mining lease and within haulage distance of multiple processing centres The Central Sandstone Gold Project is 520km northeast of Perth and has a total resource of 886,000oz as well as iron ore opportunities. Aurumin fielded an approach last year from Brightstar Resources (ASX:BTR), owner of the Sandstone projects formerly held by Alto Metals and Gateway Mining (ASX:GML), to JV its Sandstone assets. Omega Oil & Gas (ASX:OMA) The Taroom Trough in Queensland's Bowen Basin has been drawing attention due to its potential to feed oil and particularly gas to the energy hungry east coast of Australia. One ASX-lister making noise in this region is Omega Oil and Gas which has confirmed that an extensive oil and gas system is present across its acreage after completing a cased hole logging program at Canyon-2 well with shares jumping 24% to a daily high of 26c. High-quality, pulsed neutron logs were acquired in the well, which sits 15.7km from the Canyon-1H horizontal well that flowed significant quantities of oil with gas during testing. This tool was not run back when Canyon-2 was first evaluated following drilling in 2023. Omega Oil and Gas (ASX:OMA) noted that open hole logs obtained at the time were subject to difficult hole conditions causing 'stick-slip' and subsequently were sub-optimal quality. By contrast, the new logs are of very high quality and have confirmed an extensive oil and gas petroleum system within the project area. They indicated a thicker and higher-quality pay interval within the Canyon Sandstone interval, which corresponds with the zone tested in Canyon-1H, and some additional zones with good reservoir qualities that had not previously been identified. The logs also allow clear distinction between oil-bearing and gas-bearing intervals, allowing the company to select intervals for the diagnostic fracture injection test, which is essentially a mini fracture stimulation test. Canyon-2 penetrated the Canyon Sandstone 167m shallower than at Canyon-1. Notably, the enhanced reservoir properties observed from log analysis may indicate that reservoir properties are likely to improve further in the eastern part of the Canyon project area where the prospective Permian interval is up to 800m shallower than at Canyon-1. 'The Canyon-2 cased hole logs have provided confirmation of an extensive oil and gas province with encouraging signs pointing toward commerciality,' managing director Trevor Brown said. 'The Canyon-2 DFIT program will add to our understanding of stacked pay potential and allow important regional correlations – further de-risking the play.' Trigg Minerals (ASX:TMG) Looking to grow its antimony position, Trigg Minerals this week executed an s covering the Antimony Canyon Project (ACP) in Utah. With the ink barely dry, on Wednesday Trigg bulked up its capabilities by hiring experienced antimony downstream expert Wiehann Kleynhans. From 3.8c on May 16, shares of the $53.8m market cap company reached 5.6c, including a jump of 21.8% from the close on May 21. ACP is currently the largest and highest-grade antimony project in the US, with the Bureau of Mines reporting a foreign resource estimate of 12.7Mt grading 0.79% antimony for 100,300t of contained antimony. It also features several historical high-grade mines, including Emma mine averaging 1.5% antimony with considerable zones averaging 2.2%; Mammoth averaging 1.5% Sb with considerable zones averaging 2.4%; and Nevada averaging 2.2% Sb with considerable zones averaging 3.6%. And what's more … Utah is the world's top mining jurisdiction according to the latest Fraser Institute Survey. Trigg Minerals (ASX:TMG) says the acquisition strengthens its antimony strategy, complementing its 1.52Mt resource at 1.97% Sb Wild Cattle Creek project in NSW and expanding its footprint across tier-one jurisdictions, while advancing both projects simultaneously supported by a healthy cash balance. To support the strategy, Kleynhans – an experienced geologist, resource and commodity analyst and dealmaker with deep experience in the antimony sector – has been appointed the company's vice president, US downstream operations, and will spearhead downstream and smelting processes at ACP. Hawsons Iron (ASX:HIO) Fresh testwork has backed the plan of Hawsons Iron to use 100% dry processing at its namesake Far West NSW project as it is a cleaner, cheaper alternative to the traditional wet method. An independent report from Stantec Australia confirms the dry circuit is not only viable but also cuts costs and improves environmental outcomes while also opening the door to potential value-add side products like silica sand. Shares of the $19.82m market cap company have been as much as 43% higher to 2c. The dry comminution testwork has been completed by the independent engineering consultants along with a mineral resource variability study. Stantec's Project Report provides confidence for further investigation into potential secondary products (eg hematite, silica sands) and flow on optimisation of mine design, processing and logistics. Detailed analytical work completed recently demonstrates a high level of geochemical and physical material consistency, throughout the current resource, particularly within the early phase of operations, which significantly contributes towards de-risking the project during its early years of operation. The company is collating engineering and cost data with the aim of releasing an updated prefeasibility study together with maiden ore reserves for the Hawsons iron project. 'The results are crucial for cost optimisation and smarter decision making as we head towards finalising the Hawsons process flow sheet by the end of the year,' CEO Tom Revy said. 'The next phase of detailed work will involve piloting of the material through GEBR Pfeiffer's test facility in Germany which will result in defining the project's final process design criteria." This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions.
News.com.au
22-05-2025
- Business
- News.com.au
Break it Down: New World Resources fields premium $185M offer to acquire Arizonan copper
Stockhead's Break it Down brings you today's leading market news in under 90 seconds. In this episode, host Tylah Tully unpacks the latest from New World Resources (ASX:NWC) and a premium $185 million acquisition offer from London-based Central Asia Metals (LON: CAML) to snap up NWC and its Antler copper project in the Grand Canyon State of Arizona. New World says it wasn't the only offer on the table, so tune in to hear why the company was unanimous in recommending its acceptance and what's coming next. While New World Resources is a Stockhead advertiser, it did not sponsor this content. Originally published as Break it Down: New World Resources fields premium $185M offer to acquire Arizonan copper
