Australian mineral exploration company, Corazon Mining Limited has announced a high grade copper mineralisation from a recently completed surface rock-chip sampling program at the Mount Gilmore Cobalt-Copper-Gold Project in New South Wales Australia. Corazon has secured the right to earn up to 80% of the Mt Gilmore Cobalt-Copper-Gold Project from private company Providence Gold and Minerals Pty Ltd and is currently completing due diligence. The surface rock-chip sampling being reported was undertaken by Providence; these results have been received by Corazon and as such additional disclosure is required by the Company. Rock-Chip Sampling Program A total of 76 rock-chip samples…
Carrapateena in South Australia is shaping up as a major copper-gold project. In a statement last month, the proponent (OZ Minerals) made clear its commitment to the project. The ore-production rate is to be increased over what was previously planned; work on a decline will commence next month (mining will be underground); and final processing will take place at Whyalla, a regional city approximately 200 kilometres south of the minesite. All going well, construction will commence next year, with first production in 2019. Estimated capital cost: nearly A$1 billion (over US$700 million). OZ Minerals says that the choice of Whyalla…
The Government has approved two proposals from Rio Tinto to develop new deposits in the Pilbara, Western Australia, prolonging the life of existing mining operations. Announcing the approvals, State Development Minister Bill Marmion said the projects would deliver both short and long-term benefits for the State. "This is great news for the resources sector and will create opportunities for workers and contractors who are doing it tough in the current climate," Mr Marmion said. "These approvals will allow Rio Tinto to maintain its current level of production at two sites, Yandicoogina and West Angelas." The Minister has given approval for…
Mineral Resources of Perth is a mining company, but it is also a mining-services company, offering services in fields such as crushing and pipeline design and construction. The company is developing a new transport system for taking iron ore from its Iron Valley mine in the Pilbara region to Port Hedland for shipping. The system is an elevated rail line. Mineral Resources says that it occupies a “niche between heavy rail and conveyor”, adding that it is “significantly less capital intensive than traditional heavy-haul rail” (see further information). The system will be open to third-party users. It has the potential…
Sand mining on North Stradbroke Island is to substantially cease by 2019, with the Queensland Parliament voting in favour of the phase-out to allow the creation of new, sustainable jobs. The North Stradbroke Island Protection and Sustainability and Other Acts Amendment Bill 2015 to end sand mining was passed in the Queensland Parliament early today (Thursday). Environment Minister Dr Steven Miles said it was a good result for the environment and would ultimately open up new and exciting opportunities for the island community, leading to positive economic outcomes. “Today marks the start of a new chapter for North Stradbroke Island,”…
The company developing a greenfield coal project at present may appear to be brave, but at least three such projects are at an advanced planning stage in Australia. The first is Meteor Downs South in Queensland. This will be a small, low-cost operation, entailing open-cut mining and simple processing. It will produce thermal coal (used for electricity). Subject to final approval by the proponents (a Chinese company and a Japanese company), construction will commence by the end of the year. The second is a much larger, Chinese-driven project: Hillalong, also in Queensland. With an estimated capital cost of A$600 million,…
Doray Minerals Limited has entered into a farm-in Agreement with Rox Resources Limited to explore the highly prospective and underexplored Mount Fisher Gold Project which is located in the north-eastern Goldfields of Western Australia. The Mt Fisher farm-in represents another strategic exploration project for Doray, with a large contiguous land package over an underexplored greenstone belt with already identified gold mineralisation, and adds to its highly prospective Horse Well JV and Western Gawler farm-in in South Australia. Doray’s Managing Director, Allan Kelly, said Mount Fisher represented a very attractive exploration opportunity for Doray, given the many similarities with the multi-million…
Pantera Minerals Limited (PFE), a key player in the exploration and development of lithium resources, is poised to capitalise on the growing demand for lithium in the United States. The surge in demand, driven by the increasing adoption of electric vehicles (EVs) and renewable energy storage solutions, presents a significant opportunity for Pantera. A recent article by Fastmarkets highlighted the critical role of lithium in the green energy revolution. As the US transitions to a cleaner energy future, lithium-ion batteries are becoming essential for powering EVs, grid-scale energy storage systems, and other applications. Fastmarkets forecasts a substantial growth in US…
Critical mineral explorer, Litchfield Minerals Limited (ASX: LMS), has announced the discovery of several new chargeability targets at the historic Mount Irene Mine in Canada. The findings, revealed after a successful Gradient Array Induced Polarisation (GAIP) survey in March 2024, signify a significant breakthrough in the company's exploration efforts. The GAIP survey, known for its precision and depth, has identified multiple new chargeability targets extending towards the northwest (NW) of Mount Irene. These targets indicate the potential for substantial extensions to the known mineralised reefs, opening new avenues for exploration and development. Among the key highlights of the GAIP survey…
Alderan Resources Limited (ASX: AL8) is making significant progress in its exploration efforts, with updates on its copper exploration project in Utah, USA, and its lithium projects in Minas Gerais, Brazil. Utah Copper Exploration: Preparations for drilling at the New Years copper-gold prospect in Utah's Frisco project are proceeding rapidly. The company is finalising the precise locations and orientation of a planned three-hole diamond drilling program, aiming to commence drilling this quarter. Alderan already has permitted drill sites within the Frisco project area, with the permit expected to be amended for the new locations. Brazil Lithium Exploration: Alderan's stream sediment…
American Rare Earths (ASX: ARR | OTCQX: ARRNF and AMRRY) has released the findings of the Halleck Creek Scoping Study Technical Report by Stantec Consulting Services Inc., highlighting the project's potential as a low-cost, scalable, and world-class rare earth elements (REE) venture in Wyoming, USA. The study projects an attractive NPV8 of US$673.9 million and NPV10 of US$505.1 million (pre-tax), with an IRR of 22.5 per cent and a 2.9-year payback period based on a three million tonnes per annum (Mtpa) operating scenario. Initial capital expenditure is estimated at US$456.1 million, including a US$76 million contingency. The life of mine…
In a move to accelerate the Halleck Creek project, American Rare Earths (ARR) has successfully filed a Licence to Explore for Minerals by Dozing with the Wyoming Department of Environmental Quality in the US. This application is a critical step towards initiating test mining operations, as the company seeks approval for two test pits at the Cowboy State Mine site. The test mining is aimed at securing the necessary ore volumes for processing at a pilot facility, setting the stage for the future scaling of an operable mine and processing unit at Halleck Creek. American Rare Earths CEO Donald Swartz…
Arizona Lithium Limited has selected Rhythm Engineering Inc. to oversee the drilling and completion engineering and supervision services for its Prairie Lithium Project's upcoming drilling program in Canada. It follows a comprehensive proposal review from the company and marks a pivotal milestone in Arizona Lithium Limited’s project located in Saskatchewan, Canada; which is one of Arizona Lithium's key ventures alongside the Big Sandy Lithium Project. The exploration initiative will focus on drilling into the Dawson Bay and Souris River Formations, two deeper zones identified as prospective for enriched lithium brine. These formations, lying below the Duperow formation, have not been…
ASX-listed lithium exploration and development company — Galan Lithium Limited — has provided an updated on the progress of its Hombre Muerto West (HMW) Phase 1 lithium brine project in Argentina. The company is now on track to commence lithium chloride production in the first half of 2025. Galan Lithium Limited Managing Director Juan Pablo (JP) Vargas de la Vega stated: “We are taking advantage of the summer season whereby a buffer wall has been installed at the one third mark of Pond 1. “The initial partial evaporation process will commence in approximately 14 days with the full fill of…
