South Pacific plots mineral sands RTO

DOM Martino’s South Pacific Resources, which has failed to trouble the markets since its recapitalisation as an oil and gas company at the start of the decade, is planning a A$14 million capital raising at 40c, and a shift into the Indonesian mineral sands space.

South Pacific plots mineral sands RTO South Pacific plots mineral sands RTO South Pacific plots mineral sands RTO South Pacific plots mineral sands RTO South Pacific plots mineral sands RTO

Pyx will have a 12,000tpa facility producing zircon if the deal proceeds.

The explorer, which has made no real account of itself since being recapitalised as Coral Sea Petroleum in 2012, has signed a sale and purchase agreement to acquire Singapore-based Takmur, which has a