trending Market Intelligence /marketintelligence/en/news-insights/trending/F0gJZzMw8hPrS3HYWcfiMQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Berkut to consolidate Tick Hill gold project ownership

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020


Berkut to consolidate Tick Hill gold project ownership

Berkut Minerals Ltd. said March 12 that it agreed to acquire Diatreme Resources Ltd.'s stake in the Tick Hill gold project in Queensland, Australia, as well as Carnaby Resources Ltd., which owns an 82.5% stake in the Southern Hub tenement package that surrounds the project.

The agreement replaced an earlier deal reached by Carnaby to acquire the Tick Hill project from Superior Resources Ltd. and Diatreme, as well as the acquisition of an 82.5% interest in Syndicated Metals' Southern Hub tenements.

The transaction will also see Berkut acquire 100% interest in 972 square kilometers of exploration tenements and applications in Western Australia, named as the Malmac and Throssel projects.

Under the revised deal, Diatreme will receive 7.2 million shares, with Syndicated Metals receiving 5.1 million shares, Superior Resources receiving 2.4 million shares and Carnaby picking up 6.4 million shares. In addition, Carnaby will receive 6 million options, exercisable at 9 cents apiece, and 3 million options, exercisable at 9 cents apiece, both over a five-year period.

The ASX-listed Berkut will also ramp up its exploration program across its projects after it completes a A$1.6 million fund raising through a placement of 20.5 million shares at 7.8 cents apiece to existing and new sophisticated investors.

Meanwhile, Peter Bowler was named as nonexecutive chairman, replacing Justin Tremain, with Rob Watkins appointed to replace Neil Inwood as managing director to lead Berkut's strategic growth.

Further, Berkut intends to rename as Carnaby Resources Ltd. in order to reflect the explorer's new direction.