Gold Road Resources Limited (ASX: GOR), a gold production and exploration company, has issued a production update in response to significant rainfall affecting operations at the Gruyere gold mine — located in Western Australia's north-eastern Goldfields. The Gruyere gold mine is a joint venture (JV) between Gold Road Resources and Gold Fields (JSE: GFI), with each holding a 50 per cent interest. Gold Fields manages and operates the mine, while Gold Road Resources maintains a significant investment portfolio. Following substantial and prolonged rainfall in early March, the region experienced further significant and atypical rainfall in the second half of the…
Litchfield Minerals Limited (ASX: LMS), a critical mineral explorer, has discovered new copper-tungsten targets at its Wolfram Hill Prospect within the Mount Doreen Exploration Licence (EL 31305) in the Northern Territory. This discovery, resulting from comprehensive Induced Polarisation (IP) surveys conducted in March 2024, marks a major milestone in the exploration of this site. The recent IP survey has identified two large and highly promising chargeability targets located to the north and south of the existing mineralised zones. These findings suggest the potential for substantial extensions of the known mineralised reef at depth and along the strike to both the…
Intra Energy Corporation Limited (ASX: IEC) has announced the discovery of significant lithium anomalies at its Maggie Hays Hill (MHH) project in Western Australia's Lake Johnston Greenstone Belt. This discovery places the company at the forefront of lithium exploration, with the potential to impact the global lithium supply chain. A recent soil sampling program revealed two major lithium anomalies, with the primary anomaly stretching over 2,500 metres in length and 300 metres in width. The secondary anomaly measures 1,300 metres by 300 metres. These anomalies are notable for their high lithium values, reaching up to 248ppm Li2O, and are associated with tantalum and caesium, elements indicative of highly prospective…
Ora Gold Limited (ASX: OAU) has announced promising initial assay results from its 2024 RC drilling program at the Crown Prince Prospect within the Garden Gully Gold Project in Western Australia. The results, particularly from the Southeastern Zone (SEZ), highlight significant high-grade gold mineralisation, marking a significant step forward in the exploration of this key growth area. The drilling campaign, initiated in early February 2024, has yielded encouraging results, including an exceptional intercept from drill hole OGGRC662 — 15 metres at 9.91g/t Au from 88 metres, with a higher-grade section of two metres at 54.17g/t Au from 100 metres. Other…
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…
Barrick Gold Corporation has advised that plans to extend the life of the Hemlo gold mine in Canada by transitioning it to a modernised Tier Two [1] asset with a purely underground operation are 'well underway' as open-pit mining at the mine starts winding down. The Hemlo open pit has been mined since 1989 and has produced over 2.8 million ounces of gold. It was originally used to produce blasted rock for the backfilling of the mine’s underground stopes but in 2002 a truck fleet and key personnel were seconded from Barrick’s Nevada mines to establish the pit as a…
Endeavour Mining (Endeavour or the Company), has announced that mining operations have successfully restarted at its Boungou open-pit gold mine in Burkina Faso, following the mobilisation of the West African mining contractor and completion of infrastructure and operating improvements. Endeavour has also confirmed potential annual synergies of $35 to $40 million during its SEMAFO integration process. The identified synergies are in the areas of procurement and supply chain optimisation, corporate and in-country G&A savings, centralisation of technical services and functions across the group. It is estimated that 60 per cent of these synergies will be progressively unlocked by year end…
Rio Tinto and China Baowu Steel Group have celebrated a significant milestone reached by its landmark Bao-HI Ranges iron ore joint venture (JV) with more than 200 million tonnes of iron ore now shipped from the Pilbara to mills in China. The 200 millionth tonne of iron ore sold under the partnership was mined at Eastern Range, located approximately 10 kilometres south of Paraburdoo. It departed Rio Tinto’s Cape Lambert port on board the Baosteel Li Da last month before arriving at Majishan, China, on 19 September. The shipment followed a broader milestone for Rio Tinto with the company shipping…
Australian Strategic Materials (ASM), through its partner Ziron Technology Corporation (Ziron Tech), has successfully produced 8.6kg of a high purity zirconium metal at its commercial pilot plant in South Korea. The planned flowsheet for ASM’s 100 per cent owned Dubbo Project, located in central-western NSW, incorporates the production of both industrial-grade zirconia and dehafniated zirconia (ZrO2) and hafnium oxide (HfO2) using a process patented by Australia's Nuclear Science and Technology Organisation (ANSTO) with ASM having an exclusive global licence. Successful production of this high purity zirconium metal from commercial-grade zirconia is an important milestone for ASM. ZironTech has received confirmation…
ASX-listed mineral exploration and development company, Strandline Resources, has revealed the results of the Engineering Scoping Study on its 100 per cent owned Tajiri Mineral Sands Project in Tanzania. Tajiri’s deposit is a large northerly trending zone comprising a series of titanium-dominated mineral sands deposits stretching along 30 kilometres of Tanzanian coastline. The Engineering Scoping Study indicates that Tajiri will generate strong financial returns over a long mine life, underpinning Strandline’s long-term production outlook in Tanzania. Some highlights from the Study include: Project pre-tax NPV of US$205 million (pre-debt, real, 10 per cent discount rate); Project pre-tax IRR of 36…
Montem Resources Limited has completed a preliminary geological field mapping program at its Isola Project in the Crowsnest Pass of southwest Alberta, Canada. Montem’s Isola Project totals 4,832 hectares (ha) and is bordered to the south by Atrum Coal Ltd.’s Isolation South Project and to the west by the Cabin Ridge Project. In July 2020, Dahrouge Geological Consulting Ltd. estimated a coal Exploration Target for the project based on historical drilling, trenching and mapped surface outcrops ranging from 275Mt to 900 Million tonne (Mt) [1] [2]. The program also located historical coal seam trenches and multiple access routes into the…
Last week, Adelaide-based company, Thor Mining PLC, announced the acquisition of American Vanadium Pty Ltd and its two US mining projects. The projects add to Thor’s diverse portfolio of mining interests, which include copper, gold, molybdenum and tungsten. The company already has stakes in South Australian copper and gold projects in Kapunda and Moonta, but this acquisition is Thor’s first venture into the uranium and vanadium markets. Thor Mining Executive Chairman Mick Billing said the project represents an exciting opportunity for the company. “We are very pleased to complete the acquisition of 100 per cent of American Vanadium and its…
