Gold Road Resources Limited has completed the Pre‐Feasibility Study (PFS) for the development of its 5.62 million ounce5 (Moz) Gruyere Project, located 200 kilometres east of Laverton in Western Australia. The completion of the PFS included detailed economic analysis and further technical work building on the findings of the first stage Options Study which determined that the best go‐forward case was a large‐scale open‐pit mine utilising a conventional 7.5 Mtpa SAG/Ball Mill Circuit gravity/carbon‐in‐leach processing facility, powered by a pipeline‐supplied, gas‐fired power generation plant. The full PFS confirms the Project as one of Australia’s best undeveloped gold deposits and indicates…
Doray Minerals Limited has successfully achieved another milestone in its plans to become a multi-mine high-grade gold producer with the recent commencement of open pit mining at the Company’s Deflector Gold Project. Doray’s open pit contractor, MACA Ltd recently completed the first blast in the Deflector open pit and has commenced open pit mining operations during February, as forecast. Doray’s Managing Director, Allan Kelly, said the commencement of open pit mining represented another significant milestone in the rapid development of the Deflector Project and came less than a year after completing the takeover of Mutiny Gold in March 2015. “We…
The Department of Environment and Heritage Protection issued a final environmental authority (EA) for Adani’s Carmichael Mine project on 2 February 2016 with approximately 140 conditions, including 9 conditions relating to the black throated finch as required by the Land Court. The EA application was vigorously assessed by EHP and acted on recommendations made by the Land Court. EHP is confident the strict conditions placed on the EA, including extra requirements based on the Land Court’s recommendations, will ensure this mine will not pose an unacceptable risk to the environment and any potential impacts will be closely monitored. The project…
One of Victoria’s most productive gold mines, Fosterville Gold Mine near Bendigo, has reached a major milestone by extracting its millionth ounce of gold from the current operation. Minister for Energy and Resources Lily D’Ambrosio joined the mine’s operator, Newmarket Gold Inc, to unveil a plaque on site of the Fosterville Gold Mine to celebrate the achievement. At today’s prices, a million ounces of gold is worth approximately $1.6 billion. Fosterville Gold Mine employs 400 people and boosts the local economy by $90 million a year through wages and sourcing goods and services regionally. The Fosterville mining operation is also…
Leading mining and civil construction firm BGC Contracting Pty Ltd has been awarded a five-year contract extension with Cliff Natural Resources at its Koolyanobbing Iron Ore Project in Western Australia. The current mining contract, previously due to be completed in 2017, will be extended through to 2022, and is valued at more than $520 million. Under the contract, BGC Contracting will continue to provide the full range of mining services, including drilling, blasting, loading, hauling, dumping, crushing, screening and train load-out. BGC Contracting CEO Greg Heylen said the contract extension was recognition of the Koolyanobbing team’s ability to meet Cliffs’…
Newmont Mining Corporation (NYSE: NEM) have announced plans to expand its Tanami operations in Australia by building a second decline in the underground mine and additional plant capacity. The expansion project is expected to add incremental gold production of approximately 80,000 ounces per year and decrease Tanami’s all-in sustaining costs by five to ten percent in the first five years of production. It will open access to two million ounces of profitable production and extend mine life by three years. The project will also create a platform for exploration drilling to support future growth. Recent exploration results demonstrate the potential…
Commissioning of the first gas generators is underway ahead of schedule in the power station at the Tropicana Gold Mine in Western Australia following early completion of the 293 kilometre Eastern Goldfields Pipeline (EGP). Constructed by APA Group (APA) under long-term agreements signed with AngloGold Ashanti Australia Ltd in July 2014, the pipeline is delivering natural gas to AGAA’s Sunrise Dam gold mine, 55 km south of Laverton, and to Tropicana (AGAA 70% and manager, Independence Group NL 30%), 330 km east-northeast of Kalgoorlie. Construction of the pipeline began in March this year and delivery of gas was scheduled to…
Rafaella Resources Limited has commenced a drilling campaign for up to 4,500 metres, through its Spanish subsidiary and 100 per cent owner of the Santa Comba tungsten and tin project, Galicia Tin and Tungsten SL (GTT). The drilling campaign will initially focus on converting existing Inferred Resources located within the current pit shells to Measured and Indicated status amounting to seven holes, totalling approximately 1,500 metres. Four of the initial holes are positioned within the existing aggregate quarry and all the targeted resource upgrade will fall within Stage 1 of the mine plan, which is to be undertaken through a…
Last year, Adriatic Metals PLC acquired TSX-listed Tethyan Resource Corp to advance the former Kizevak and Sastavci polymetallic mines in the Raska District in Serbia, and over the last few months the company has been progressing with drilling programs at these sites. This morning, Adriatic reported that assay results have been returned for 16 diamond core holes at Kizevak and three holes from Sastavci. Drilling at Kizevak has confirmed the down dip continuity of a high-grade lens in the central-northwest part of the deposit, beneath the limit of historic drilling, and the company advised that mineralisation remains open. Meanwhile, confirmation…
Eagle Mountain Mining Limited has recommenced drilling at its 80 per cent owned Oracle Ridge Copper Project in Arizona, USA. The first drill hole for 2021 is WT-21-01 and was completed last week, while WT-21-02 is underway. All drilling undertaken by the company last year was aimed at expanding the existing mineral resource base. Eagle Mountain outlines that assays received from the 2020 drilling program contained significant grades of copper mineralisation. Assays for the last five drillholes are still pending. The company remains confident in achieving its previously announced Exploration Target of adding an additional 14-29 million tonnes (Mt) at…
Rio Tinto is on-track to become the first producer of high-quality scandium oxide in North America, with the construction of a new commercial-scale demonstration plant underway at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec. RTFT expects to commence commercial supply of scandium oxide in the second quarter of 2021. With its world-class aluminium business, the company is also well positioned to produce aluminium-scandium alloys to meet customers' needs. Rio Tinto is investing US$6 million for the construction of a first module in the plant, with an initial capacity to produce three tonnes of scandium oxide…
Barrick Gold Corporation has announced preliminary full year and fourth quarter 2020 results which indicate that it has met its 2020 guidance targets. According to Barrick, preliminary gold production for the full year of 4.8 million ounces is at the midpoint of the 4.6 to 5 million ounce guidance range, while preliminary copper production of 457 million pounds is also within the guidance range of 440 to 500 million pounds. The preliminary Q4 results show sales for the quarter of 1.19 million ounces of gold and 108 million pounds of copper, as well as preliminary Q4 production of 1.21 million…
Pan Asia Metals Limited (PAM), has today provided an update on the drilling program at the Khao Soon Tungsten Project (KSTP) and has reported that a drill rig has been mobilised to the Reung Kiet Lithium Project, both located in southern Thailand. KSTP, located approximately 600 kilometres south of Bangkok, is one of PAM’s primary assets and a significant historical high-grade producer. PAM outlines that modern exploration has discovered potentially world-class district-scale tungsten mineralisation across numerous prospects. Today PAM announced that drilling of Priority One holes at the Than Pho West (TPW) Prospect have been finalised. Ten holes were drilled…
Rio Tinto has agreed to a new electricity agreement with Meridian Energy that allows New Zealand’s Aluminium Smelter (NZAS) to continue operating the Tiwai Point aluminium smelter until 31 December 2024. The extension provides certainty to employees, the local community and customers while providing more time for all stakeholders to plan for the future. NZAS is New Zealand’s sole aluminium smelter. It commenced production in 1971 and produced 353,293 tonnes of aluminium in 2019. NZAS is 79.36 per cent owned by Rio Tinto and 20.64 per cent owned by Japan's Sumitomo Chemical Company. In July 2020, Rio Tinto announced the…
