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…
Australian precious metals mining exploration company, Prospech Limited, has received 18 rock chip samples taken from outcrop and spoil heaps, located within the company’s Pukanec exploration licence, which is part of its 100 per cent owned Nova Bana project in Slovakia. Prospech’s Nova Bana project is a package of three licences totalling 45 square kilometres situated on the western flank of the Hodrusa caldera. Of the 18 rock chip samples assayed, the company outlined that eight returned gold grades over 1 grams per tonne (g/t) of gold (Au) and of these, the average was 12.1 g/t Au. 10 of the…
Rafaella Resources Limited has contracted Geotech Limited to conduct a helicopter-borne survey over the recently acquired Midrim and Laforce claims in the Belleterre-Angliers Greenstone Belt in Quebec, Canada. The survey is anticipated to commence early next month and, subject to weather conditions, should take two weeks to complete. Rafaella states that the Versatile Time-Domain Electromagnetic (VTEM™ Max) combined with Groundfloor EM is excellent for locating discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity. The VTEM™ Max provides the industry’s highest signal/noise ratio and spatial resolution of conductors, offering excellent depth of penetration and high resolution.…
In December 2020, Syrah Resources Limited announced a Memorandum of Understanding (MoU) with global solar power company, Solar Century Africa Limited, to progress a solar and battery storage hybrid power system at the Balama Graphite Project in Mozambique. The solar and battery storage system aims to reduce CO2 emissions and operating costs at Balama, which is the largest integrated natural graphite mine and processing plant globally as measured by annual flake concentrate production capacity. Syrah Managing Director and CEO, Shaun Verner, said: “Progression of a large-scale solar and battery installation will reduce the operating cost base at Balama and further…
Eagle Mountain Mining Limited has announced further assay results from its recent drilling program at the company’s 80 per cent owned Oracle Ridge Mine Project in Arizona, USA. Assay results from selected zones within drill holes WT-20-06, WT-20-07, WT-20-09, WT-20-11 have been received and were reported in an announcement on 18 December 2020. Initial observations from hole WT-20-10 were also provided. Notably, WT-20-06 lead to the discovery of quartz-breccia grading 6.67 per cent copper (Cu), 63.5 grams per tonne (g/t) silver (Ag) and 0.87 g/t of gold (Au) over 2.95 metres at 210 metres downhole. The company advised that a wide…
This week the Innu communities of Uashat mak Mani-utenam and Matimekush-Lac John signed a Reconciliation and Collaboration Agreement with the Iron Ore Company of Canada (IOC). The agreement was named 'Ussiniun', which means 'renewal' in the Innu language. The Iron Ore Company of Canada (IOC) is a joint venture between Rio Tinto (58.7 per cent), Mitsubishi (26.2 per cent) and the Labrador Iron Ore Royalty Income Corporation (15.1 per cent). The IOC’s operations are integrated across a mine and processing plant in Labrador City, Newfoundland and Labrador; a port and stockpile in Sept-Iles, Quebec; and a 418-kilometre railway that joins…
The Pebble Limited Partnership (PLP) is proposing to develop the Pebble copper-gold-molybdenum porphyry deposit (Pebble Deposit) in southwest Alaska as an open-pit mine, with associated infrastructure. On 25 November 2020, Pebble Partnership CEO, John Shively, issued a statement regarding the decision by the U.S. Army Corps of Engineers (USACE) to deny the Clean Water Act 404 permit for the project. The proposed mine would have been located 100 air miles and 230 river miles from Bristol Bay, the world’s most productive salmon fishery, which generates US$1.5 billion in annual revenue and 14,000 jobs. Salmon have also sustained the subsistence culture…
Specialty metals explorer and developer Pan Asia Metals Limited has provided an update on the drilling program at the Khao Soon Tungsten Project (KSTP) located in southern Thailand. KSTP is one of PAM’s key assets and a significant historical producer. Modern exploration has discovered potentially world-class, district-scale tungsten mineralisation across numerous prospects. PAM outlines that reconnaissance diamond drilling conducted by the company has intersected robust widths and grades associated with strong surface anomalies, from which Exploration Targets have been estimated. PAM has completed 11 holes for a total of 880m over both prospects. At the Target 2 Prospect, nine holes…
