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…
ASX-Listed metals explorer, Symbol Mining Limited, has announced that its maiden shipment of 250 tonnes of Direct Shipping Ore (DSO) of zinc concentrate from the Macy Mine in Nigeria is locked and loaded for transport. The 250-tonne shipment consists of 10 containers that will be transported by truck to Lagos Port for export to China and is expected to depart in early December 2018. The first shipment represents a great achievement for the Symbol and Imperial Joint Venture team, who proved that they could deliver the Macy Mine project in a short start-up period, just five months after the commencement of…
Strandline Resources Limited is preparing to commence the next phase of air-core drilling at the Sudi mineral sands project in Southern Tanzania, alongside Joint Venture partner Rio Tinto Mining & Exploration Limited. [caption id="attachment_14509" align="alignleft" width="369"] Strandline holds a strategic tenement packagelocated along 350 km of the Tanzanian coastline. Image courtesy of Strandline Resources Limited.[/caption] The Sudi project is located 30 kilometres by sealed road from the port and city infrastructure of Mtwara in southeastern Tanzania. Under the terms of the Joint Venture, Rio Tinto is funding the exploration programme at Sudi, with the exploration itself being conducted by Strandline.…
Metallurgical coal development company, Montem Resources Limited, has lodged its Prospectus with the Australian Securities and Investments Commission (ASIC) to raise up to $20 million and list on the Australian Securities Exchange via an Initial Public Offering (IPO). Following a successful capital raising and listing, Montem is likely to have a market cap in the range of $50 million to $55 million. The Prospectus offers up to 40 million new ordinary shares at an issue price of $0.50 per share to raise up to $20 million, with capital raising expected to close in early October, and trading of Montem shares…
Lithium exploration and project development company, Lake Resources NL have confirmed that drill hole locations have now been determined for the upcoming drill program at their 100 per cent owned Cauchari Lithium Brine Project in Argentina. Following recent discussions with relevant authorities in Argentina this week, the company has announced plans to drill three holes, with a possible fourth hole, to depths of 400 metres. Drilling is anticipated to show a likely extension to the high-grade lithium brines in adjacent properties and work is likely to commence in early October, barring any unforeseen delays. Third party drill results on the…
BHP Billiton plc (BHP) has entered into an agreement with Canadian based mining company Guyana Goldfields Inc. (Guyana) to acquire a 6.1 per cent interest in SolGold Plc (SolGold), the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador. SolGold is a copper-gold exploration company with objectives to discover and define world‐class copper‐gold deposits in Ecuador. They hold the largest exploration team and the most active exploration programme across the country. Cascabel is SolGold’s flagship project and is one of the most advanced resources project in Northern Ecuador. Under the terms of the new agreement, BHP will…
A South Australian mining company’s plans for the largest base metal mine in Algeria is now one step closer to construction, following the completion of a revised Definitive Feasibility Study. Located near the Algerian city of Bejaia, the Tala Hamza Zinc Project is expected to produce an average of 129,300 tonnes per annum of zinc concentrate at 54 per cent zinc (90 per cent recovery) and 26,000 tonnes per annum of lead concentrate at 63 per cent lead (73 per cent recovery) over 21 years. A processing plant with a 1.3 million tonne per annum capacity will also be built…
A contract for a feasibility study into the first-ever high-voltage direct current (HVDC) offshore wind substation in China has been announced. China has committed heavily to developing its offshore wind power generating capacity. It currently plans to have 5 GW of offshore wind power installed by 2020 and in 2017 alone it installed almost 1.2 GW of offshore wind capacity. This brought the cumulative total installed capacity to nearly 2.8 GW, third globally behind the United Kingdom and Germany. However, the country is now faced by the challenge that all the promising wind farm sites within 10 km of the…
