Gold explorer Marmota has raised $6.5 million to accelerate the development of its Aurora Tank project in the north west of South Australia.
Gold rose more than 1.0 per cent overnight as an inverted US Treasury yield curve and weak euro zone data stoked fears of a global economic recession and drove investors toward safe-haven bullion.
Cost cutting and record production have helped Adelaide-based copper and gold producer Oz Minerals to more than double its profits for 2015.
Little-known Victorian Nathan Holman is set to realise a childhood dream at the British Open next year after a stunning Australian PGA Championship victory on Sunday – not that he realised it at the time.