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…
A West Australian-based lithium explorer looks well-positioned to capture significant upside when the alkali metal’s market moves into its anticipated recovery mode. In 2023, Global Lithium Resources Ltd (ASX:GL1) spent a great deal of its corporate time sizing up its wholly-owned outcropping Manna pegmatite project in its home state of WA, completing a large-scale 60,000 metre reverse circulation and diamond drilling campaign which covered infill and extensional targets. The junior also started metallurgical and geotechnical programs that have since carried over into 2024. Located around 100 kilometres east of Kalgoorlie-Boulder in the state’s Goldfields, Manna currently enjoys an indicated and…
Hillgrove Resources has commenced production of its first copper concentrate from the Kanmantoo mine in South Australia, following the successful completion of the processing facility; both milestones were met within the company's target timeframe of Q1 2024. The transition from explorer to producer makes Hillgrove Resources one of only a few copper producers on the ASX. Hillgrove Resources CEO and Managing Director Lachlan Wallace said: “Operations will be bedded down at Kanmantoo as we ramp up to steady stage production and our attention will turn to growing the business by converting future exploration and development opportunities.” “The project is well-positioned…
ASX-Listed metals explorer, Symbol Mining Limited, has announced that its maiden shipment of 250 tonnes of Direct Shipping Ore (DSO) of zinc concentrate from the Macy Mine in Nigeria is locked and loaded for transport. The 250-tonne shipment consists of 10 containers that will be transported by truck to Lagos Port for export to China and is expected to depart in early December 2018. The first shipment represents a great achievement for the Symbol and Imperial Joint Venture team, who proved that they could deliver the Macy Mine project in a short start-up period, just five months after the commencement of…
Strandline Resources Limited is preparing to commence the next phase of air-core drilling at the Sudi mineral sands project in Southern Tanzania, alongside Joint Venture partner Rio Tinto Mining & Exploration Limited. [caption id="attachment_14509" align="alignleft" width="369"] Strandline holds a strategic tenement packagelocated along 350 km of the Tanzanian coastline. Image courtesy of Strandline Resources Limited.[/caption] The Sudi project is located 30 kilometres by sealed road from the port and city infrastructure of Mtwara in southeastern Tanzania. Under the terms of the Joint Venture, Rio Tinto is funding the exploration programme at Sudi, with the exploration itself being conducted by Strandline.…
Metallurgical coal development company, Montem Resources Limited, has lodged its Prospectus with the Australian Securities and Investments Commission (ASIC) to raise up to $20 million and list on the Australian Securities Exchange via an Initial Public Offering (IPO). Following a successful capital raising and listing, Montem is likely to have a market cap in the range of $50 million to $55 million. The Prospectus offers up to 40 million new ordinary shares at an issue price of $0.50 per share to raise up to $20 million, with capital raising expected to close in early October, and trading of Montem shares…
Lithium exploration and project development company, Lake Resources NL have confirmed that drill hole locations have now been determined for the upcoming drill program at their 100 per cent owned Cauchari Lithium Brine Project in Argentina. Following recent discussions with relevant authorities in Argentina this week, the company has announced plans to drill three holes, with a possible fourth hole, to depths of 400 metres. Drilling is anticipated to show a likely extension to the high-grade lithium brines in adjacent properties and work is likely to commence in early October, barring any unforeseen delays. Third party drill results on the…
BHP Billiton plc (BHP) has entered into an agreement with Canadian based mining company Guyana Goldfields Inc. (Guyana) to acquire a 6.1 per cent interest in SolGold Plc (SolGold), the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador. SolGold is a copper-gold exploration company with objectives to discover and define world‐class copper‐gold deposits in Ecuador. They hold the largest exploration team and the most active exploration programme across the country. Cascabel is SolGold’s flagship project and is one of the most advanced resources project in Northern Ecuador. Under the terms of the new agreement, BHP will…
A South Australian mining company’s plans for the largest base metal mine in Algeria is now one step closer to construction, following the completion of a revised Definitive Feasibility Study. Located near the Algerian city of Bejaia, the Tala Hamza Zinc Project is expected to produce an average of 129,300 tonnes per annum of zinc concentrate at 54 per cent zinc (90 per cent recovery) and 26,000 tonnes per annum of lead concentrate at 63 per cent lead (73 per cent recovery) over 21 years. A processing plant with a 1.3 million tonne per annum capacity will also be built…
A contract for a feasibility study into the first-ever high-voltage direct current (HVDC) offshore wind substation in China has been announced. China has committed heavily to developing its offshore wind power generating capacity. It currently plans to have 5 GW of offshore wind power installed by 2020 and in 2017 alone it installed almost 1.2 GW of offshore wind capacity. This brought the cumulative total installed capacity to nearly 2.8 GW, third globally behind the United Kingdom and Germany. However, the country is now faced by the challenge that all the promising wind farm sites within 10 km of the…
