On 8 March 2016, General Mining Corporation Ltd, along with its project partner Galaxy Resources Limited, announced the signing of two binding Term Sheets with two China based buyers for the sale of 60kt of spodumene concentrate (USD 600/t) in 2016, and a further 120kt in 2017 (subject to price agreement in the December quarter 2016) from the Mt Cattlin mine in Western Australia. Completed Offtake agreement details The Company is pleased to announce that it has now signed a binding tri‐party offtake agreement with one of the offtake parties, and GMM’s exclusive selling and settlement agent, Tokyo based Mitsubishi…
The re-opening of Central Queensland’s Isaac Plains Mine underlines the solid long-term prospects for the Queensland resources sector. Officially re-opening the mine near Moranbah in central Queensland, Premier Annastacia Palaszczuk said the mining sector was doing it tough, but demand remained strong for Queensland’s resources and expertise. “As the re-opening of Isaac Plains here today in Central Queensland shows, investors still have confidence in Queensland and our resources,” she said. “We have new faces, like Stanmore Coal, and new investors who are calling the bottom of the market, stepping up and creating jobs, like the 150 jobs here at Isaac…
The $1.4 billion Dugald River zinc project has gained special status to help cut red tape and create hundreds of jobs in north Queensland. State Development Minister and Minister for Natural Resources and Mines Dr Anthony Lynham has granted “prescribed project” status to MMG Ltd’s project, 85 km north-east of Mt Isa. “Projects like Dugald River are critical to economic development and job creation in the north-west during these tough times caused by ongoing resource commodity price lows,” Dr Lynham said. “Granting it prescribed project status will allow the Coordinator-General to assist MMG to navigate processes and timely approvals through…
Western Australian State Development Minister Bill Marmion has toured the Roy Hill project, the State's newest - and the nation's biggest - single-pit iron ore mine. "Roy Hill celebrated its first shipment in December 2015, and is now in the process of ramping up to its full production capacity of 55 million tonnes per annum," Mr Marmion said. "At full capacity, five ore trains per day will run between the mine and port facilities at Port Hedland, all controlled via Roy Hill's state-of-the-art remote operations centre in Perth. The Minister said the mine is expected to operate for more than…
Minister for Industry, Resources and Energy, Anthony Roberts, has announced that a billion dollar project in the State’s central west to mine rare metals and rare earths has now passed its final hurdle and will go ahead. “The Environment Protection Authority (EPA) has granted an Environment Protection Licence to Alkane Resources after the company had already been granted a Mining Lease last December after it had met a rigorous government approval process. “Known as the Dubbo Zirconia Project, the mine will produce up to 30,000 tonnes of specialty metals and rare earths per year which are highly sought after to…
Thousands of new jobs in regional Queensland have come a major step closer with approval of the mining leases for the $21.7 billion Carmichael coal mine and rail project in the State’s Galilee Basin. Premier Annastascia Palaszczuk said Minister for State Development and Minister for Natural Resources and Mines Dr Anthony Lynham had today approved the grant of three individual mining leases about 160km north-west of Clermont. “This is a major step forward for this project after extensive government and community scrutiny,” the Premier said. “Some approvals are still required before construction can start, and ultimately committing to the project…
The approval of a new $1 billion rare earth and metals mine in Dubbo is great news for the region, the state and national economies, and the New South Wales minerals sector, says Australia’s resource industry employer group, AMMA. “AMMA welcomes New South Wales granting an environment protection licence to Alkane Resources, in what was the final regulatory hurdle after a decade long process for the Dubbo Zirconia Project,” says AMMA executive director, policy and public affairs, Scott Barklamb. “Following construction which will create 450 jobs, this project will produce 30,000 tonnes of rare metals and rare earths annually and…
Latin Resources Limited (ASX: LRS), a major Australian mineral exploration company, has announced the successful completion of its drilling program at the Colina Resource, a key part of its Cloud Nine Halloysite-Kaolin Project in Western Australia. The drilling program, totalling 5,000 metres of reverse circulation (RC) drilling, was completed on schedule and within budget. Initial assay results from the first phase of drilling have confirmed the presence of high-grade halloysite and kaolin mineralisation, with detailed analysis and further assays underway. The company expects to release these results in the coming weeks. The primary aim of the drilling program was to…
Summit Minerals (ASX: SUM) has completed a successful multispectral analysis at its Equador project, identifying 30 priority targets prospective for niobium mineralisation. Led by Dr Neil Pendock of Dirt Exploration, the analysis used Sentinel-2 satellite imagery to map spectral signatures indicative of niobium mineralisation. The targets, strategically located across the project area, correlate closely with historical data, marking a significant step in Summit Minerals' exploration efforts. The analysis revealed multiple high-priority targets, with ground-truthing confirming a strong correlation between spectral data and tourmaline pegmatite occurrences. An upcoming drone magnetic survey will further refine these targets, supporting an efficient drilling campaign…
Titan Minerals Limited (ASX: TTM) has announced significant discoveries of high-grade gold and silver mineralisation at its Dynasty Gold Project in southern Ecuador. Recent exploration efforts have expanded the project's footprint, with rock chip sampling indicating extensive gold and silver mineralisation beyond the existing resources. Recent sampling has revealed impressive rock chip results, with assays showing 8.71 g/t gold and 197 g/t silver at the Papayal prospect, and 8.73 g/t gold at Trapichillo. These findings mark substantial extensions of known mineral zones. The project's 3D geological model has undergone significant expansion and updating, reflecting an improved understanding of the geology.…
Island Passage Development Canada Limited (IPDC) has announced the commencement of a mineral exploration program by its PNG subsidiary, Island Passage Development Limited (IPD), on the EL02 exploration licence in Bougainville, Papua New Guinea. The program, conducted in partnership with Isina Resource Holdings Limited (IRHL), a customary landowner company, marks the first large-scale mineral exploration program on Bougainville outside the special mining lease held by Bougainville Copper Ltd (Rio Tinto – CRA) since 1965. Located in south-central Bougainville in the Crown Prince Range, nine kilometres southeast of the historic Panguna copper-gold mine, the 261 square km EL02 exploration licence is…
American Rare Earths Limited (ASX: ARR) has announced significant progress in the extraction of Rare Earth Elements (REE) from its Halleck Creek project. Collaborative research with the U.S. Department of Energy and Virginia Tech has resulted in innovative metallurgical studies that could revolutionise the economic viability and sustainability of rare earth element mining. Key findings from the studies include: Two peer-reviewed studies confirm the potential for high-grade, economically viable extraction of REEs from the Halleck Creek ore using low-temperature, direct acid leaching techniques. A remarkable recovery rate of 80 per cent of REEs within the first 10 minutes using low-temperature…
Oar Resources Limited (ASX: OAR), an exploration and development company focused on battery and critical minerals, has reported significant progress in its global expansion and financial performance for the first quarter ending 31 March 2024. The company has signed a binding agreement to acquire 100 per cent interest in two Exclusive Prospecting Licences (EPL) located in Namibia's Erongo Region, a well-known uranium mining jurisdiction. This move positions Oar in a major uranium-producing region, enhancing its portfolio with valuable uranium prospects. In Brazil, Oar has expanded its presence by securing pegging applications for uranium and rare earth element (REE) prospects in…
Alderan Resources Limited (AL8) is gearing up for a Stage 1 diamond drilling program at the New Years prospect, part of its Frisco copper-gold project in Utah, USA. The program, scheduled to commence in June 2024, will consist of four holes totalling 540 metres, with an additional six holes (1,500 metres) planned for Stage 2 pending the results of the initial drilling. The company has also begun soil sampling over the composite New Years magnetic anomaly to extend coverage from the 1960s, with grades up to 0.31% Cu. The anomaly, double the size of the Cactus anomaly, forms part of…
