St George Mining Limited (ASX:SGQ) has announced significant developments in its exploration efforts at the Myuna Rocks Project in Western Australia's Ravensthorpe region. The project, owned by Lithium Star Pty Ltd (a joint venture between St George Mining and Amperex Technology Limited), has seen its tenure double in scale, now spanning 546 square kilometres. The newly granted Exploration Licences E74/789 and E74/790 have expanded the project's area, with the land package extending over 50 kilometres north-west along a regional greenstone corridor, starting just five kilometres north of the Mt Cattlin Lithium Mine. This corridor hosts active explorers such as Fortescue,…
The Australian government has recently announced a significant investment of up to $840 million in the Arafura rare earths project and a $230 million loan for Liontown Resources. These investments are part of the government's efforts to boost critical minerals projects and strengthen Australia's position in ethical and sustainable manufacturing of rare earths. The investment in the Arafura rare earths project aims to support the development of the Nolans Project, a rare earth mine located north of Alice Springs. The funding package includes $495 million from the Critical Minerals Facility, $200 million from the Northern Australia Infrastructure Facility (NAIF), $115…
It’s possible that a domestically-listed gold explorer, which boasts a not-too-shabby evolving flagship project in Western Australia’s Wheatbelt, may be looking to lithium to help boost its languishing market valuation. No doubt the WA-based junior is also hoping that a farm-in agreement it made back in 2022 with a fellow exploration house will garner some much-needed shareholder interest sometime in the future. When Austgold Ltd (ASX: AUC) presented at Vertical Events’ RIU Explorers Conference in February last year, its share price was around the 0.05 cents mark, giving it a market capitalisation of $105 million. By the same time this…
A West Australian junior involved in a number of exploration projects is confident it has come across an iron oxide-gold-copper (IOCG) deposit in its home state. Late last year, Miramar Resources Ltd (ASX:M2R) said that a review of historical drilling data had “potentially” revealed very significant magnetite iron opportunities at its wholly-owned Whaleshark project, which sits within the Carnarvon Basin in WA’s Ashburton region. Field work conducted in the area by Western Mining Corporation (WMC) in the 1990s whilst exploring for an IOCG intersected significant widths of magnetite-rich banded iron formation (BIF) averaging above 25 per cent iron beneath younger…
Joint venture partners Covalent Lithium, Wesfarmers and Sociedad Química y Minera de Chile (SQM) have opened of the Mt Holland lithium mine and concentrator project. The Mt Holland lithium project consists of an open-cut mine and concentrator, located 110km southeast of Southern Cross in the Wheatbelt region, and a refinery currently being constructed in the Kwinana Industrial Area. With an expected cost of $2.6 billion, the project is supporting 1,000 jobs during construction and 350 jobs during operations. Mt Holland will produce 380,000 tonnes of spodumene concentrate per year, which will be refined into 50,000 tonnes of battery-quality lithium hydroxide.…
BMG Resources Limited has announced promising results from its ongoing exploration review of the Dragon project neighbouring WA1 Resources’ site in the West Arunta region of Western Australia. Multiple targets showing structural and magnetic features have been identified at the Dragon Project — features similar to those that represent mineralised carbonatites at WA1 Resources’ ground and the nearby Aileron Project of Encounter Resources. BMG’s Dragon Niobium-REE Project is immediately adjacent to and shares a 30-kilometre-long border with the West Arunta Project of WA1 Resources. BMG Non-Executive Chairman John Prineas said: “Our ongoing review of exploration data for the West Arunta…
Pantera Minerals Limited has announced a substantial expansion of its Smackover Brine Project in North America, with the acquisition of 3,553 acres, representing a 26 per cent increase in leased acreage. The company's total net leased acreage now surpasses 17,000 acres. The bulk of the new acreage comes from a key lease with a mineral owner covering 2,194 acres, placing Pantera in a unique position of strength. This expansion not only enhances the project's scalability but also consolidates Pantera's control, with 100 per cent ownership of the project now under its purview. Pantera, the sole junior company listed in the…
Norwegian-based international energy company, Equinor, is leading a project to develop one of the UK’s – and the world’s – first at-scale facilities to produce hydrogen from natural gas in combination with carbon capture and storage (CCS). The project, called Hydrogen to Humber Saltend (H2H Saltend), provides the beginnings of a decarbonised industrial cluster in the Humber region, the UK’s largest by emissions. H2H Saltend supports the UK government’s aim to establish at least one low carbon industrial cluster by 2030 and the world’s first net-zero cluster by 2040. It also paves the way for the vision set out by…
Following the recently completed resource estimation for the Santa Comba tungsten and tin project in Spain, Rafaella Resources Limited has updated the mineral resource estimate for the project by 103 per cent. The increase demonstrates the outstanding potential of the Project and underpins the mine plan and feasibility studies currently underway. The company intends to recommence drilling numerous prospects once the feasibility study is completed to add both tonnage and grade to feed the future expansion of the project. Rafaella’s Managing Director Steven Turner said the resource update significantly increases the level of confidence in the Santa Comba Project and…
Rio Tinto, Turquoise Hill and the Government of Mongolia have reached an agreement on the preferred domestic power solution for Oyu Tolgoi that paves the way for the Government to fund and construct a State-Owned Power Plant at Tavan Tolgoi, Mongolia. The agreement, which is a revision of the Power Source Framework Agreement (PSFA) signed in 2018, states that the parties will work towards finalising a Power Purchase Agreement by the end of March 2021. In addition, the amended PSFA sets a proposed timetable for development, with the construction of the coal-fired power plant set to begin no later than…
Anson Resources Limited is planning to commence exploration on its uranium and vanadium lodes claims at its Yellow Cat Project in Utah, USA. The 85 Lode claims, which were pegged by the company in 2019, form a prospective exploration land package for both uranium and vanadium rich mineralisation which covers an area of 708 hectares. Anson advised that a recent review of historical drilling programs at Yellow Cat identified high-grade uranium and vanadium mineralisation results. They noted that the 38 per cent increase in uranium spot price recorded over the past three months, together with high-grade historical results and recent…
Mineral exploration and development company, Kodal Minerals plc, has provided an update on the progress of the Bougouni Lithium Project Mining Licence application in Mali and an update on its gold exploration properties in Mali and Cote d'Ivoire. The Bougouni Project covers an area of 350km2 and is located approximately 180km south of Bamako, the capital of Mali, and benefits from established infrastructure via a sealed road from Bamako. According to Kodal, the Feasibility Study accompanying the Mining Licence application has been accepted by the Ministry of Mines and Petroleum of Mali. The Ministry of Mines and Petroleum confirmed that no…
Equinor (formerly Statoil and StatoilHydro) and SSE Renewables, the two companies behind the world’s largest offshore wind farm Dogger Bank, have just revealed plans to build a new Operations and Maintenance Base at the Port of Tyne in the UK. The Dogger Bank Wind Farm is a 50:50 Joint Venture between Equinor and SSE Renewables. Construction of the wind farm, led by SSE Renewables, officially commenced in January 2020 and as operator for the operations phase, Equinor will construct this new Operations and Maintenance base, and operate the wind farm for its expected life of more than 25 years. The overall wind farm comprises three…
Following the suspension of operations in Argentina, Brazil and South Africa due to the the COVID-19 outbreak, AngloGold Ashanti has now restarted production in these countries. The company’s sole mine in Argentina, Cerro Vanguardia, successfully restarted milling operations on 6 April 2020. The operation has now ramped up capacity and will initially process stockpiles, allowing production to remain near planned levels with a significantly smaller staff complement. The mining operation had been suspended since 21 March 2020 as a result of countrywide COVID-19 related restrictions on travel and border closings. In Brazil, at Mineração Serra Grande S.A. (Serra Grande), operations…
