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Avoca eventually had to drop its bid for Dioro, having reached a 44.85% interest in Dioro at the close of the offer on 20 August, short of the 50% needed. Ramelius's unsuccessful offer for the company closed on 8 February 2010, while Avoca made a renewed takeover offer for the company in late
280:
Avoca reached a relevant interest of 94.65% in Dioro on 3 March 2010 and commenced compulsory acquisition of the company. The company completed the compulsory acquisition by mid-April and Dioro was subsequently delisted from the
Australian and the Toronto stock exchanges.
260:
On 14 April 2009, Avoca announced a takeover offer for Dioro
Exploration NL, worth A$ 49 million. From mid-2009 onwards, Dioro became the subject of a takeover war between Avoca and Ramelius, with the later also making a bit for Dioro. Ramelius, owner of the
240:
for its
Higginsville exploration project in June 2004. After discovering the Trident deposit in late 2004, Avoca raised $ 125 million in April 2007 to build a new mine at Higginsville. Also in 2007, Avoca purchased the neighbouring Chalice deposit from
27:
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The final cost of the acquisition of Dioro for Avoca amounted to A$ 126 million. A subsequent attempt to purchase the remaining 51% of the Frog's Leg mine was however rejected by the owner,
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which lasted for almost one year. Avoca's successful bid made the company the largest gold tenement holder in the area spanning from
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In its first year of production, the financial year 2008-09, Avoca produced 131,227 ounces of gold from its
Higginsville operation.
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363:"Anatolia Minerals and Avoca Resources Announce Merger of Equals To Create a New Leading Intermediate Global Gold Producer"
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NOTICE OF INTENTION TO MAKE A NEW TAKEOVER OFFER FROM AVOCA AND UPDATE ON RAMELIUS’S AMENDED OFFER
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Avoca
Resources announcement, published: 17 August 2009, accessed: 6 September 2009
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Avoca
Resources announcement, published: 17 August 2009, accessed: 6 September 2009
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Ramelius
Resources accepts Avoca offer for stake in gold miner Dioro Exploration
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December 2009, despite having earlier declared that its August bit was final.
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The company currently operates two gold mines, both in
Western Australia, the
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business.watoday.com.au, published: 30 July 2009, accessed: 6 September 2009
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Avoca
Resources Limited is an ASX200 Australian mid-tier gold mining company
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Dioro ASX announcement, published: 4 January 2010, accessed: 6 January 2010
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Avoca ASX announcement, published: 15 April 2010, accessed: 1 July 2010
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Avoca ASX announcement, published: 14 April 2009, accessed: 1 July 2010
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Avoca ASX announcement, published: 3 March 2010, accessed: 1 July 2010
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Avoca ASX announcement, published: 31 July 2009, accessed: 1 July 2010
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ninemsn.com.au, published: 29 December 2009, accessed: 6 January 2010
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Avoca
Resources to sweep up remaining Dioro Exploration shareholders
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news.com.au, published: 10 August 2009, accessed: 6 September 2009
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Avoca Resources (AVO) at the Australian Securities Exchange
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Response to Dioro’s 8th Supplementary Target’s Statement
441:, published: 3 April 2007, accessed: 11 September 2009
554:, published: 22 February 2010, accessed: 1 July 2010
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Avoca Announces $ 49M Scrip Takeover Offer for Dioro
407:, published: 12 February 2010, accessed: 1 July 2010
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178:. It is also part-owner of a third operation, the
151:) was an Australian gold mining company, based in
650:, published: 16 March 2010, accessed: 1 July 2010
245:. Gold production at the mine begun in 2008 from
576:Avoca reaches 44.85% at close of Offer for Dioro
619:Commencement of Compulsory Acquisition of Dioro
185:The latter two mines were acquired through the
564:Avoca's bid for Dioro beaten by Ramelius offer
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8:
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828:Companies based in Perth, Western Australia
535:Ramelius shares rise on strong gold results
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684:
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631:Completion of Dioro Compulsory Acquisition
479:Avoca website, accessed: 11 September 2009
460:Avoca website, accessed: 11 September 2009
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249:, with a first gold pour on 1 July 2008.
607:Avoca increase bid for Dioro Exploration
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436:Avoca seeks $ 125m for Higginsville mine
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643:Avoca Resources' Frog leg bid rejected
426:Avoca home page, accessed: 1 July 2010
390:Avoca home page, accessed: 1 July 2010
492:Quarterly Activities Report June 2009
161:Anatolia Minerals Development Limited
77:Anatolia Minerals Development Limited
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833:2011 disestablishments in Australia
823:Gold mining companies of Australia
707:Gold mining companies of Australia
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137:http://www.avocaresources.com.au/
296:Gold production of the company:
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227:Australian Securities Exchange
16:Australian gold mining company
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243:Chalice Gold Mines Limited
229:, the ASX, in April 2002.
176:South Kalgoorlie Gold Mine
439:The Sydney Morning Herald
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225:Avoca was listed on the
182:, which it owns 49% of.
726:Northern Star Resources
145:Avoca Resources Limited
20:Avoca Resources Limited
247:underground operations
222:
216:
263:Wattle Dam Gold Mine
191:Dioro Exploration NL
180:Frog's Leg Gold Mine
159:. It merged in with
777:Great Central Mines
286:La Mancha Resources
110:Robert Reynolds -
21:
751:Westgold Resources
581:2011-02-18 at the
521:2011-02-18 at the
475:2009-05-28 at the
456:2008-07-18 at the
422:2008-07-18 at the
369:. 8 September 2010
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217:Gold mines in the
195:Ramelius Resources
60:February 2011
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157:Western Australia
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115:Rohan Williams -
81:Alacer Gold Corp.
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663:Official website
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772:Avoca Resources
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741:Regis Resources
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367:www.newswire.ca
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327:131,227 ounces
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292:Gold production
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209:Company history
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657:External links
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551:The Australian
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802:WMC Resources
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470:Higginsville
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371:. Retrieved
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172:Higginsville
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87:Headquarters
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75:Merged with
34:Company type
767:Allied Gold
736:Oz Minerals
451:About Avoca
417:About Avoca
238:Gold Fields
232:Avoca paid
165:Alacer Gold
817:Categories
746:St Barbara
731:OceanaGold
350:References
324:2008-09 .
308:Production
271:Frog's Leg
219:Kalgoorlie
199:Kalgoorlie
106:Key people
792:Sino Gold
267:South Kal
98:Australia
52:Resources
721:Newcrest
579:Archived
519:Archived
473:Archived
454:Archived
420:Archived
337:2009-10
330:3.8 g/t
203:Kambalda
187:takeover
174:and the
123:Products
112:Chairman
79:to form
49:Industry
37:Public,
760:Defunct
373:4 April
133:Website
64:2011-02
62: (
57:Defunct
787:Oxiana
714:Active
221:region
313:Grade
153:Perth
92:Perth
375:2022
303:Year
269:and
127:Gold
72:Fate
234:A$
201:to
189:of
149:AVO
117:CEO
43:AVO
39:ASX
819::
484:^
365:.
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273:.
205:.
167:.
155:,
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41::
699:e
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147:(
66:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
