Heron Resources has netted close to $38 million after selling its shares in Mineral Resources.
The defunct Windimurra Vandium project in WA is set to be revived by Mineral Resources.
After ASIC barred an attempt to remove a key condition from its Polaris takeover bid, Lion-Asia Resources yesterday made a last-ditch effort to trump rival Mineral Resources by raising its offer to 74 cents per share.
Lion-Asia has applied for relief to waive the minimum acceptance condition on to its offer for Polaris Metals
Lion-Asia Resources' last week announced its 70 cents per share all-cash takeover offer for Polaris Metals was exempt from FIRB assessment.
Reed Resources and Mineral Resources have announced a farm-in agreement for the development of the Mt Marion lithium project in WA's goldfields.
SA Mineral Resources Development Minister Paul Holloway has told a business seminar in Beijing that the State welcomes further Chinese investment.
Polaris Metals has declared Lion-Asia's latest takeover offer superior to last week's offer by rival bidder Mineral Resources.
The Polaris Metals bidding war escalated late last week, with Lion-Asia Resources looking to trump rival bidder Mineral Resources with a revised cash offer of 70 cents per share.
The directors of Polaris Metals yesterday recommended the company's shareholders accept the takeover bid from Mineral Resources, after both parties negotiated an improved offer.