Pinnacle Minerals Ltd (ASX: PIM) has announced the approval and scheduling of a significant drilling program at the Capel Mineral Sands Project in Western Australia. The program, comprising 93 air core drilling holes over approximately 2,000 metres, is set to begin on 20 May 2024. The Capel project, a brownfield heavy mineral (HM) exploration site, has already shown promising shallow mineralisation in previous drilling efforts by Iluka Resources. Noteworthy results include a mineralisation of 21 metres at 3.3 per cent HM from the surface, including 9 metres at 6.1 per cent HM from 11 metres depth. The project is strategically…
Alliance Nickel Limited (ASX:AXN) has announced that its NiWest Nickel Cobalt Project has been granted Major Project Status (MPS) by the Australian federal government. The project, located near Leonora, WA, is 100 per cent owned by Alliance and is considered strategically significant, with the potential to significantly contribute to Australia's economic growth and employment opportunities. The NiWest Project, boasting one of Australia's highest-grade undeveloped nickel laterite mineral resources, is targeting annual production of 90,000 tonnes of nickel sulphate and 7,000 tonnes of cobalt sulphate. The project is expected to create approximately 600 jobs during the construction phase and an additional…
Victory Metals Limited (ASX: VTM) has announced a significant milestone in Australia's mining sector with groundbreaking metallurgical recoveries of critical magnet metals at its North Stanmore Project in Western Australia. Achieving an exceptional recovery rate of 93 per cent, the results set a new benchmark in the rare earth sector and position North Stanmore as a leader in Australia’s critical minerals landscape. The recent leach tests conducted on beneficiated samples showcased remarkable recoveries of Praseodymium (Pr), Neodymium (Nd), Terbium (Tb), and Dysprosium (Dy). These high-purity elements are integral to advanced technological applications, including renewable energy solutions and electronic devices. Utilising…
St George Mining (ASX: SGQ) has unveiled promising new targets at its wholly-owned Destiny project in Western Australia's Eastern Goldfields region. The exploration efforts have identified potential carbonatites and mafic intrusions, raising the prospect of hosting niobium (Nb), rare earth elements (REE), or nickel-copper-PGE mineralisation. A gravity survey program conducted by St George over six prominent magnetic features at the Destiny project has yielded significant results. Four of the six magnetic features have shown a high-gravity signature, suggesting they could be intrusions such as carbonatites or mafic intrusions, both known globally for hosting valuable mineralisation. These features, ranging from 0.9km…
The Queensland government has granted mining leases for a significant phosphate mine in northwest Queensland, marking a major step forward for the region's economy. North West Phosphate's Paradise South complex, located 130 kilometres northwest of Mount Isa, has been given approval, with expectations to create substantial employment opportunities and boost the local economy. The project is anticipated to generate 200 jobs during the construction phase and employ 245 workers once operational. North West Phosphate has committed to utilising local services, providing a further economic boost to northwest Queensland. Phosphorous, a key product of the mine, is essential for fertiliser production…
Rincon Resources Limited (ASX: RCR) has reported a significant breakthrough in its exploration activities at the West Arunta Project, with recent diamond drilling confirming the presence of Iron Oxide Copper Gold (IOCG)-style mineralisation. The company's second diamond drill hole at the Pokali prospect, labelled '24WADD002,' has intersected multiple zones with moderate to intense magnetite alteration, along with quartz and sulphide veining containing copper sulphides such as chalcopyrite, bornite, and traces of native copper and rare visible gold. These findings suggest the potential for a major IOCG deposit within the Pokali area. The drill core is currently being transported to Perth…
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.…
Zinc exploration and development company, Superior Lake Resources Limited, has announced the results of a Bankable Feasibility Study (BFS) for the Superior Lake Project, located approximately 200 kilometres east of Thunder Bay in the province of Ontario, Canada. The project spans an area of 175 square kilometres and consists of two deposits – Winston Lake and Pick Lake. It is owned by Ophiolite Holdings Pty Ltd, an Australian incorporated entity. Superior Lake owns 70 per cent of Ophiolite and recently announced transactions to acquire an additional interest of 15 per cent in Ophiolite. Since acquiring an interest in the project,…
Chesser Resources Limited has received first assay results from a recently completed Phase 2 Reverse Circulation (RC) drilling program at the Diamba Sud project in Senegal. Covering 53.2 square kilometres over the gold-bearing Kédougou-Kéniéba Inlier, Diamba Sud is the company’s flagship project. It consists of two blocks referred to as DS1 in the north and DS2 in the south. The Phase 1 drilling program completed earlier in 2019 successfully intersected significant gold mineralisation in fresh rock at all four target areas. The Phase 2 Drilling program within DS1 was completed in mid-July, with a total of 26 RC holes drilled for…
Rio Tinto’s Resolution Copper project in the US has achieved a major permitting milestone with the release of an independently prepared Draft Environmental Impact Statement (DEIS) for the project. The rigorous review, conducted by the US Forest Service over a six year period included broad public engagement. Resolution, one of the most significant undeveloped copper deposits in the world, started the US permitting process in 2013 and the US Forest Service has conducted a comprehensive independent review under the National Environmental Policy Act (NEPA). The publication of the DEIS triggers a further public consultation process over a 90 day period,…
Lake Resources NL (Lake) has discovered multiple lithium brines over a zone of 144 metres (from 172 – 316m) at its 100 per cent owned Cauchari Lithium Brine Project in Argentina. Lithium values from 340 to 538 mg/L were returned from multiple high flow brines with low Mg/Li ratios of 2.73.0. The brine zones and target sand horizon were intersected higher in the sequence than expected. The hole was terminated at 460m due to less permeable clay horizons from 326m, although conductive brines were intersected at 356m and 386m. Detailed sampling with a packer instrument has commenced from 387m up…
Rio Tinto will reduce the annual carbon footprint at its Kennecott Utah Copper operation, located southwest of Salt Lake City in Utah, U.S. by as much as 65 per cent by purchasing renewable energy certificates and permanently shutting its coal power plant. Kennecott’s electricity needs will now be paired with 1.5 million megawatt hours of renewable energy certificates supplied by Rocky Mountain Power, primarily sourced from its Utah allocated portfolio including wind power from Wyoming. The change will reduce the annual carbon footprint associated with the operation by over one million tonnes CO2. Rio Tinto chief executive J-S Jacques said…
Western Australian based company AVZ Minerals Limited's (AVZ) 60 per cent owned Manono deposit has been confirmed as the largest measured and indicated lithium resource in the world. The Manono Project is located approximately 500 kilometres north of Lubumbashi in the south of the Democratic Republic of Congo in central Africa. The project covers approximately 88 square kilometres and hosts lithium pegmatites with a strike length of over 13 kilometres. AVZ has announced a 41.7 per cent increase in Manono’s combined Measured and Indicated Resources, up from 189.8 Million tonnes (Mt) to 269.0 Mt. ANZ has stated that overall tonnage…
A second, larger diamond drill rig operated by Foraco Argentina SA has progressed drilling to a depth of 141 metres at Lake Resources NL (Lake)’s 100 per cent owned Cauchari Lithium Brine Project in Jujuy - a province in Argentina’s remote northwest. Located adjacent to world-class brine projects either in production or under development, the new round of drilling aims to unlock further value from the emerging project. The larger diamond drill rig is targeting a sand horizon estimated between 350-450 metres deep and is set drill to 500 metres. Two rigs are now operational at Cauchari and reporting results…
