Iron ore continues to be a significant part of Tasmania’s mineral landscape, with the state’s leading operation undergoing some expansion works to ensure it maintains its annual production of two million-plus tonnes of magnetite concentrate. Meanwhile, a short-lived project to the south is ready to recommence mining once economic conditions improve. Located 60 kilometres southwest of Burnie, Grange Resources Ltd’s (ASX:GRR) Savage River has been subjected to a definitive feasibility study (DFS) into underground extraction below the north pit and its integration with the company’s current open-cut operation. According to the miner this document has revealed some robust financial outcomes.…
Ardea Resources Limited has partnered with Sumitomo Metal Mining Co., Ltd (SMM) and Mitsubishi Corporation (MC) to form a 50:50 incorporated joint venture named Kalgoorlie Nickel Pty Ltd (KNPL) for the development of the Kalgoorlie Nickel Project (KNP) - Goongarrie Hub in Western Australia. Under the terms of the Cooperation Agreement, the Consortium, Ardea, and KNPL will jointly fund and conduct the Definitive Feasibility Study (DFS), with the Consortium funding 100 per cent of the DFS costs up to the agreed budget of approximately $98.5 million. Additionally, the Consortium will assist KNPL in optimising debt financing to earn an ultimate…
Northern Minerals Limited (NTU), a key player in heavy rare earth (HRE) exploration and development, has announced the reception of high-grade assay results from ongoing mineral resource definition drilling at the Wolverine deposit within the Browns Range Project in Western Australia. The latest assay results validate the presence of wide and high-grade mineralised intervals across the Wolverine deposit, which remains open at depth. Notable new intercepts include 15.6 metres at 9.99 per cent Total Rare Earth Oxides (TREO) from a depth of 428.20 metres, alongside other substantial intercepts that highlight consistent mineralisation throughout the targeted areas. The primary objective of…
Aurumin Limited (AUN) has expanded its flagship Sandstone Gold Operations with the acquisition of five new exploration tenements. This addition reinforces Aurumin’s presence in the prolific Youanmi Terrane, located 520 kilometres northeast of Perth, as part of the company's 100 per cent owned 946 koz Au Central Sandstone Project. The newly acquired tenements, spanning an additional 60 square kilometres, include historical workings and well-defined mineralisation trends, which are key to Aurumin's ongoing development strategy. These tenements are poised to enhance the company's exploration capabilities and drive significant value for stakeholders. Aurumin Managing Director Brad Valiukas stated: “After repositioning the company…
Aurumin Limited (ASX: AUN) has completed drilling at its 100 per cent owned Central Sandstone Project, located 520 kilometres northeast of Perth. The project is part of Aurumin's Sandstone Operations, which also include the Birrigrin and Johnson Range Projects, boasting a total resource of 946koz Au. The drilling campaign, conducted with Reverse Circulation (RC) methods, comprised 38 holes and 3888 metres drilled. The primary objectives of the drilling were to test seven new open pit targets and to investigate extensions at two existing open pit resources. The drilling targeted multiple depositional models and styles, including porphyry/intrusive hosted vein style, banded…
Intra Energy Corporation Limited (IEC), an environmentally responsible mining and energy group, has announced compelling lithium, tantalum, niobium, caesium, and tin assays from rock chip sampling at the Maggie Hays Hill (MHH) project. These results significantly enhance the project's lithium prospectivity and validate IEC's exploration strategy. The latest round of sampling, conducted over the most prospective section of outcropping pegmatites, revealed averaged lithium assays of 503 ppm, indicating the presence of lithium-rich pegmatites. Additionally, encouraging caesium and tantalum values, with average assays of 139 ppm and 107 ppm respectively, suggest the potential for multiple mineralisation targets. These findings, along with…
WA Regional Development Minister Don Punch recently revealed a cutting-edge robotic welding assistant at MAS Equipment's West Kalgoorlie workshop. The innovative 'Cobot,' supported by the Regional Economic Development (RED) Grant program, is set to revolutionise the business's capacity to service the mining industry in the Goldfields while enhancing safety, productivity, and job opportunities. The 'Cobot' is designed to perform a variety of welding tasks with precision and efficiency, ensuring high-quality manufacturing and production for clients. This new technology will not only increase MAS Equipment's competitiveness in the industry but also contribute to the upskilling of workers, making the mining sector…
Montem Resources Limited has completed a preliminary geological field mapping program at its Isola Project in the Crowsnest Pass of southwest Alberta, Canada. Montem’s Isola Project totals 4,832 hectares (ha) and is bordered to the south by Atrum Coal Ltd.’s Isolation South Project and to the west by the Cabin Ridge Project. In July 2020, Dahrouge Geological Consulting Ltd. estimated a coal Exploration Target for the project based on historical drilling, trenching and mapped surface outcrops ranging from 275Mt to 900 Million tonne (Mt) [1] [2]. The program also located historical coal seam trenches and multiple access routes into the…
Last week, Adelaide-based company, Thor Mining PLC, announced the acquisition of American Vanadium Pty Ltd and its two US mining projects. The projects add to Thor’s diverse portfolio of mining interests, which include copper, gold, molybdenum and tungsten. The company already has stakes in South Australian copper and gold projects in Kapunda and Moonta, but this acquisition is Thor’s first venture into the uranium and vanadium markets. Thor Mining Executive Chairman Mick Billing said the project represents an exciting opportunity for the company. “We are very pleased to complete the acquisition of 100 per cent of American Vanadium and its…
Fortescue Future Industries Pty Ltd, a wholly-owned subsidiary of Fortescue Metals Group Ltd (Fortescue) has entered into a Deed of Agreement with Indonesia. The Deed of Agreement provides first priority to Fortescue Future Industries to conduct development studies into the feasibility of projects utilising Indonesia’s hydropower and geothermal resources to support green industrial operations, principally for export to global markets. Subject to the completion of feasibility studies and approvals, individual projects will be developed by Fortescue Future Industriese. The Coordinating Minister for Maritime Affairs and Investment of the Republic of Indonesia, Luhut Binsar Pandjaitan and Fortescue’s Chairman Dr Andrew Forrest…
Australian Strategic Materials (ASM) has produced nine kilograms of the key permanent magnet alloy Neodymium Praeseodymium (NdPr) at its commercial pilot plant in South Korea. ASM is now progressing an agreement with the Korea Institute of Industrial Technology (KITECH) to produce a sample 600kg of permanent magnets for Korean industry. ASM’s production of titanium and key permanent magnet metals, using its patented high purity metallisation process, has resulted in 'continued interest' from leading Korean companies and government organisations. This has led to ASM acquiring its joint venture partner, Zirconium Technology Corporation (Ziron Tech), to continue the development of their clean…
Eagle Mountain Mining Limited is about to commence its planned exploration program at its 80 per cent owned Oracle Ridge Project near Tucson, Arizona. An initial diamond drilling program for approximately 2,000 metres is expected to commence in the coming days, with the drilling contract awarded to international drilling company, Boart Longyear. The drill rig is currently undergoing regular servicing and is planned to mobilise to site in the next few days. Site access, services and initial drill pads are in place for drilling. The initial drilling program will target extensions to high-grade portions of the existing Mineral Resource Estimate…
Mayur Resources Limited’s Central Cement and Lime Project (CCL) in Papua New Guinea (PNG) has taken a large step closer to development, with the PNG Government recently granting the project a 20-year mining lease. This grant is the final statutory approval required to allow construction to commence on the vertically integrated manufacturing facility, located 25 kilometres north-west of Port Moresby, which has the potential to meet 100 per cent of PNG’s cement, clinker and quicklime requirements. The project’s co-located quarry, plant site and deep draft wharf are expected to enable low operating costs while providing direct access to both seaborne…
Rio Tinto has approved an additional investment of almost $200 million to progress the next stage of the development of the lithium-borate Jadar project in Serbia. This will primarily fund the feasibility study, including the completion of detailed engineering designs, as well as permitting and land acquisition by the end of 2021, in line with the initial project schedule. Rio Tinto Energy & Minerals Chief Executive Bold Baatar said the project pipeline is an important part of the company’s vision to pursue opportunities which are part of the transition to a low-carbon future. “We look forward to working closely with…
