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…
Apollo Minerals Limited has announced its maiden drilling campaign is now underway at the prospective Kroussou zinc-lead project in Gabon. The Kroussou Project comprises the Prospecting License G4-569 which covers 986.5 square kilometres in the Ngounié Province of Western Gabon located approximately 220 kilometres southeast of the capital city of Libreville. The current Phase 1 diamond drill program, which comprises approximately 30 holes for 1,000 metres of diamond drilling, is focused at the high-grade Dikaki Prospect and will also aim to test high-grade rock chips and soils at Bouambo East. This initial program is expected to be completed by May…
Lucapa Diamond Company Limited, Empresa Nacional de Diamantes E.P. (Endiama) and Rosas & Petalas have announced the recovery of the 23rd +100 carat diamond by Sociedade Mineira Do Lulo (SML) from the Lulo alluvial diamond mine located approximately 630 kilometres east of the Angolan capital of Luanda. The 144 carat Type IIa D-colour diamond recovered from Mining Block 08 (MB08), is the sixth +100 carat diamond recovered in 2021 so far and 23rd +100 carat stone recovered at Lulo since exploration and mining operations began. Lucapa’s Managing Director, Stephen Wetherall, said including the first +100 carat recovery from MB46 as…
Newcrest Mining Limited has announced its initial mineral resource estimate for the Red Chris mine in British Columbia, Canada. Red Chris is a gold-copper porphyry deposit located on the northern edge of the Skeena Mountains, approximately 1,700 kilometres north of Vancouver and 18 kilometres southeast of the town of Iskut in British Columbia. The construction of Red Chris was completed in November 2014, with first commercial production from the open pit occurring in July 2015. The mine site is located on 23,142 hectares and consists of 77 mineral tenures, five of which are mining leases. In August 2019, Newcrest acquired…
Anglo American has announced a collaboration agreement to complete a feasibility study to develop a 'hydrogen valley' anchored in the platinum group metals-rich Bushveld geological area in South Africa. Spearheaded by South Africa’s Department of Science and Innovation (DSI), the collaboration agreement also includes energy and services company ENGIE, the South African National Development Institute (SANEDI) and clean energy solutions provider Bambili Energy. The proposed hydrogen valley will stretch approximately 835 kilometres from Anglo American’s Mogalakwena platinum group metals (PGMs) mine near Mokopane in Limpopo province in the north of South Africa, along the industrial and commercial corridor to Johannesburg…
Eagle Mountain Mining Limited has announced assay results from the ongoing drilling program at the company’s 80 per cent owned Oracle Ridge Mine Project in Arizona, USA, have returned the highest grades ever recorded at the project. Assay results from hole WT-21-04 and WT-21-06 have been announced by Eagle Mountain, with results for holes WT-21-05, WT-20-07 and recently completed WT-21-08 still pending. [caption id="attachment_31864" align="aligncenter" width="807"] Figure 2 – Summary map of recent drill holes at Oracle Ridge with highlight of assay results reported in thecurrent announcement in red. Image credit: Eagle Mountain Mining Limited.[/caption] WT-21-04 WT-21-04 was…
African lithium developer, Prospect Resources Ltd has developed a scope of work for an Optimised Feasibility Study (OFS), for a staged development of the Arcadia Lithium Project in Zimbabwe, with the first stage expected to produce 1.2 million tonnes per annum (Mtpa), ramping up to 2.4Mtpa. Perth-based engineering consulting group, Lycopodium Ltd, has been appointed to complete the OFS. Lycopodium will supervise metallurgical testwork, optimise the staged 1.2Mtpa to 2.4Mtpa flowsheet, design the process plant, as well as related infrastructure including site power reticulation and on-site water treatment and distribution. The engineering work during this stage will enable formal quotations…
Rio Tinto has announced it will explore the deployment of Heliogen’s breakthrough solar technology at the miner’s borates mine in Boron, California. Under a Memorandum of Understanding, Heliogen will deploy its proprietary, artificial intelligence (AI)-powered technology at the Boron operation, where it will use heat from the sun to generate and store carbon-free energy to power the mine’s industrial processes. The two companies will begin detailed planning and securing government permits for the project, with the aim of starting operations from 2022. The companies will also use the Boron installation to begin exploring the potential for deployments of Heliogen’s technology…
