Artemis signs binding agreement to acquire 100 per cent of Rincon Resources

Artemis Resources Limited (Artemis) has just signed a binding agreement to acquire 100 per cent of Rincon Resources Ltd (Rincon) - the holder of rights to three highly prospective projects in Western Australia. The acquisition of Rincon is subject to due diligence, acceptances for at least a further 23 per cent of Rincon’s shares (for a total of 90 per cent) and Artemis shareholder approval, for a total consideration of $2.7 million in cash and scrip. Through the Acquisition, Artemis will add a total of 708 square kilometres of new tenements, gaining further exposure to the Paterson Province with the add... more

Drilling at McNally’s Reef yields spectacular results

AuStar Gold Limited (AuStar) has provided an update on definition drilling which aims to further expand and define the extent of the McNally’s Reef, and has released high-grade assays results of visible gold seen within drill core from the recent program. McNally’s Reef is a high-grade mineralised system which was discovered at the historic underground gold mine, Morning Star, in September 2018. Morning Star is located approximately 120 kilometres east of Melbourne in the Walhalla to Woods Point goldfield. In the late 1950’s Morning Star was one of Australia’s largest gold mines having reportedl... more

BHP’s long-term plan for the Pilbara receives approval

A landmark 50 to 100-year strategic mining proposal for the Pilbara by resources giant, BHP, has just been approved by the Western Australian Government. BHP’s Pilbara Expansion Strategic Proposal reveals a comprehensive picture of the miner's planned and potential operations across the region including mining operations, rail, storage areas, dams and associated mine infrastructure. Premier Mark McGowan said this is a major job-creating plan for Western Australia and has the potential to deliver tens of thousands of jobs for local Western Australians. “It is another sign our economy is improving wit... more

Rare earths mine recommended for environmental approval

The Environmental Protection Authority (EPA) has recommended environmental approval for a proposal to mine and process rare earths in Western Australia’s Upper Gascoyne, subject to conditions to minimise impacts on significant vegetation and flora and limiting groundwater drawdown. Hastings Technology Pty Ltd’s Yangibana Rare Earths Project proposes to mine and process rare earth element ore on a 13,373 hectare site about 270 kilometres north-east of Carnarvon. EPA Chair Dr Tom Hatton said rare earth elements from this mine can be used for permanent magnets like those used in electric vehicles and mobi... more

Construction contract awarded for gas terminal

Australian Industrial Energy (AIE) has announced another important milestone in the development of its Port Kembla Gas Terminal (PKGT) with the award of the key wharf facility and pipeline construction contract for the LNG import facility. New South Wales currently imports over 95 per cent of its domestic gas from other states. This means that local industries, business and households can be impacted by supply or price shifts occurring in other states. AIE states that LNG will be sourced from international suppliers and transported by LNG carriers to Port Kembla, where it will be transferred to a floating,... more

Tanami Natural Gas Pipeline opens to power gold mine

The 440-kilometre Tanami Natural Gas Pipeline, which will transport gas to Newmont Mining’s Granites gold mine, located approximately 540 kilometres north-west of Alice Springs in the Tanami Desert, has been completed. The pipeline is part of Newmont’s $346 million Tanami power project which is expected to provide the mine with a safe and reliable energy source that lowers power costs and carbon emissions by 20 per cent. The power project involved the installation of two power stations, a 66 kilovolt interconnected power line and the approval to operate the natural gas pipeline. Historically, mining op... more

Seismic survey commences at QEM’s flagship Julia Creek Project

A seismic survey program has commenced on QEM Limited's (QEM) 100 per cent owned Julia Creek project, covering approximately 496 square kilometres in the Julia Creek area of North Western Queensland. Julia Creek is located over the vast Toolebuc Formation, which is the host to widespread vanadium mineralisation, and is considered an ‘oil shale’, meaning it has the potential to hold significant petroleum resources. QEM announced in February this year that it had engaged geological service company, Velseis Pty Ltd, to conduct the 26-kilometre 2-D seismic survey which would outline the geological structur... more

Contract awarded for Newcastle LNG import terminal work

EPIK Co. Ltd. has executed an agreement with Watpac for the provision of  design, engineering and construction services for the onshore infrastructure components of the Newcastle LNG floating storage regasification unit (FSRU) import terminal at the Port of Newcastle. Situated at the back-end of the existing gas transmission network, the Port of Newcastle is one of Australia’s largest ports and a major trade and logistics hub, making it an ideal area to develop an LNG import terminal. The potential investment for the Newcastle LNG project is estimated to be approximately $AU547 million and is set to inc... more

$100m solar farm boost for New South Wales

Electricity supply in New South Wales is set to be boosted with the construction of a new $100 million 42MW solar farm in Manildra.  The solar farm will generate more than 120,000 megawatt-hours of clean electricity a year or enough to supply up to 14,000 homes. First Solar will deliver the project, which will use 466,000 thin-film photovoltaic modules and NEXTracker single-axis tracking technology. First Solar has entered a 13-year power purchase agreement with EnergyAustralia for the electricity and large-scale generation certificates from the project. The Manildra Solar Farm is also supported by a ... more

Landmark $380m solar financing deal completed in Australia

Australian renewable energy developer Edify Energy and German group Wirsol have successfully completed Australia’s largest single solar project financing to build and operate three new large-scale solar farms: the Whitsunday and Hamilton Solar Farms in Queensland, and the Gannawarra Solar Farm in Victoria. When complete in Q1 2018, the Queensland and Victorian markets will benefit from an additional 198 MWp of renewable capacity, including the first large-scale solar farm in Victoria. The transaction marks Australia’s largest single solar project financing deal. A long-term syndicated $232m debt facili... more

Renewable energy to power more than half of Onslow’s electricity needs

Australia's largest distributed energy resource microgrid was recently approved, aiming to deliver more than 50 per cent of Onslow's electricity needs with renewable energy in Western Australia. Energy Minister Mike Nahan said the new Onslow microgrid would include a mix of distributed solar energy generation and battery storage. The project includes essential electricity network infrastructure, a new transmission line and substation, as well as a 5.25 megawatt gas-fired modular power station, designed to efficiently contract in size as the renewable energy contribution expands to meet energy needs. ... more

Wave, solar and energy storage combine forces to power WA island

Could a mix of renewable energy completely and independently power Garden Island off the coast of Perth, Western Australia? With $2.5 million in support from the Australian Renewable Energy Agency (ARENA) local Perth company, Carnegie Wave Energy, is set to design and build the world’s first renewable energy island ‘microgrid’ that includes wave energy generation as part of the mix. The total $7.5 million project will involve the construction and integration of 2 megawatts (MW) of photovoltaic solar capacity and a 2MW/0.5MWh battery storage system, coupled with Carnegie’s own unique and innovative ... more

$90M power plant overhaul to generate jobs

More than 400 jobs and a boost to the local economy will be an added bonus to a $90 million overhaul of the largest generating unit in Australia at CS Energy’s Kogan Creek Power Station. Located near Chinchilla in South West Queensland, the Kogan Creek Power Station is one of Australia’s most efficient and technically advanced coal-fired power stations. Commissioned in 2007, the 750 MW power station can generate enough electricity to power up to one million homes. Kogan Creek’s last major overhaul was carried out in 2016. This overhaul includes a range of inspections, maintenance and upgrades o... more

$1B transmission line project declared a coordinated project

The Queensland Government has ticked off a major milestone on a proposed $1 billion overhead high-voltage electricity transmission line which would connect major energy users and North West Queensland’s public to the national electricity grid. Queensland’s independent Coordinator-General declared CuString Pty Ltd’s CopperString Project a ‘coordinated project’ on 27 April. The proposed project is a 1,100-kilometre 275-kilovolt overhead high-voltage electricity transmission line connecting the North West Minerals Provence and Mount Isa to the National Electricity Market grid south of Townsville. ... more

QLD provides $100m to keep Haughton pipeline moving

The Queensland Government has fast-tracked $100 million, as part of its $225 million commitment to Townsville’s water security, to keep construction of the Haughton 36.5 kilometre water pipeline moving. Member for Townsville, Scott Stewart said the $100 million payment (paid last week) would go towards supporting up to 1000 jobs over the life of the project. “We all know Townsville has been doing it tough and is currently recovering from an unprecedented flooding event. The jobs that flow from the Haughton pipeline are a shot in the arm during the rebuilding period,” Mr Stewart said. There are mo... more

Construction begins on Australia’s biggest lithium processing plant

Construction of the $1 billion Albemarle Kemerton Plant in Western Australia, Australia’s largest lithium processing plant, has commenced. The plant will become Australia's largest lithium hydroxide plant, with approval to produce up to 100,000 tonnes per annum of premium battery grade lithium hydroxide. Western Australia is currently the number one global producer of lithium, the second largest global producer of rare earths, the third largest global producer of cobalt and the fourth largest global producer of nickel. The Government of Western Australia is working with Albemarle to ensure job opportu... more

Lake discovers multiple lithium brine zones at Cauchari

Lake Resources NL (Lake) has discovered multiple lithium brines over a zone of 144 metres (from 172 – 316m) at its 100 per cent owned Cauchari Lithium Brine Project in Argentina. Lithium values from 340 to 538 mg/L were returned from multiple high flow brines with low Mg/Li ratios of 2.73.0. The brine zones and target sand horizon were intersected higher in the sequence than expected. The hole was terminated at 460m due to less permeable clay horizons from 326m, although conductive brines were intersected at 356m and 386m. Detailed sampling with a packer instrument has commenced from 387m up the ho... more

Rio Tinto copper mine to be powered by renewable energy  

Rio Tinto will reduce the annual carbon footprint at its Kennecott Utah Copper operation, located southwest of Salt Lake City in Utah, U.S. by as much as 65 per cent by purchasing renewable energy certificates and permanently shutting its coal power plant. Kennecott’s electricity needs will now be paired with 1.5 million megawatt hours of renewable energy certificates supplied by Rocky Mountain Power, primarily sourced from its Utah allocated portfolio including wind power from Wyoming. The change will reduce the annual carbon footprint associated with the operation by over one million tonnes CO2. Rio... more

WA mining company confirms world’s largest lithium resource

Western Australian based company AVZ Minerals Limited's (AVZ) 60 per cent owned Manono deposit has been confirmed as the largest measured and indicated lithium resource in the world. The Manono Project is located approximately 500 kilometres north of Lubumbashi in the south of the Democratic Republic of Congo in central Africa. The project covers approximately 88 square kilometres and hosts lithium pegmatites with a strike length of over 13 kilometres. AVZ has announced a 41.7 per cent increase in Manono’s combined Measured and Indicated Resources, up from 189.8 Million tonnes (Mt) to 269.0 Mt. ANZ ha... more

New drill rig advances at Cauchari

A second, larger diamond drill rig operated by Foraco Argentina SA has progressed drilling to a depth of 141 metres at Lake Resources NL (Lake)’s 100 per cent owned Cauchari Lithium Brine Project in Jujuy - a province in Argentina’s remote northwest. Located adjacent to world-class brine projects either in production or under development, the new round of drilling aims to unlock further value from the emerging project. The larger diamond drill rig is targeting a sand horizon estimated between 350-450 metres deep and is set drill to 500 metres. Two rigs are now operational at Cauchari and reporting r... more