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4 stories mentioning ASX:PEX

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Asia

Peel Mining Says Shareholders Vote in Favor of Aeris Acquisition, Spectre Metals Demerger

Peel Mining (ASX:PEX) said its shareholders voted in favor of a proposed scheme of arrangement under which Aeris Resources (ASX:AIS) will acquire 100% of the issued shares in Peel, and the demerger of Spectre Metals from Peel via a capital reduction and pro rata in-specie distribution of 100% of the shares in Spectre to Peel shareholders, according to a Monday Australian bourse filing.The company said almost 100% of the votes cast by Peel shareholders were in favor of the scheme resolution.The scheme remains subject to the approval of the Supreme Court of New South Wales and certain other conditions.Peel Mining's shares jumped 3% in recent Monday trade, while Aeris Resources' shares surged past 9%.

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Asia

Peel Mining Says Court Approves Shareholder Meeting for Planned Acquisition by Aeris Resources; Aeris Resources Shares Fall 5%

Peel Mining (ASX:PEX) said the Supreme Court of New South Wales made orders that it convene a meeting of Peel shareholders to consider and vote on a scheme of arrangement under which Aeris Resources (ASX:AIS) plans to acquire the company, according to a Tuesday Australian bourse filing.The court also approved the distribution of an explanatory statement providing information about the scheme. The meeting will be held on June 15.Shares of Aeris Resources fell past 5% in recent trading on Tuesday, while Peel Mining's shares jumped almost 4%.

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Asia

Peel Mining Secures New South Wales Exploration License; Shares Up 7%

Peel Mining (ASX:PEX) secured exploration license EL9887, covering the newly identified Thunderstruck prospect in New South Wales, according to a Tuesday filing with the Australian bourse.The prospect was identified during a review of open-file geological data within the Cobar Basin, the filing said.The company is now aiming to fast-track drilling to test the target, subject to regulatory approval, per the filing.Shares rose 7% in morning trade on Tuesday.

ASX:PEX
Asia

Peel Mining Says Drilling at New South Wales Target Returns Broad Silver-Zinc-Lead Intercepts; Shares Up 3%

Peel Mining (ASX:PEX) said assays from recent reverse circulation drilling completed at the Link Zone South target at the Southern Nights Complex in New South Wales returned multiple broad, high-grade silver-zinc-lead intercepts, confirming the continuity of mineralization, according to a Thursday Australian bourse filing.The company encountered intercepts of 24 meters at 138 grams per tonne (g/t) grade of silver, 5.7% grade of zinc, 3.3% grade of lead, 0.6 g/t grade of gold, and 0.2% grade of copper from 141 meters, as well as 9 meters at 202 g/t grade of silver, 5.4% grade of zinc, 3.1% grade of lead, 0.1 g/t grade of gold, and 0.1% grade of copper from 129 meters.A recently completed deep diamond drill‑hole at the main Link Zone intersected visually significant sulfide mineralization beyond the current mineral resource envelope.Peel Mining's shares rose 3% in recent Thursday trade.

ASX:PEX