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…
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…
Lucapa Diamond Company Limited and its partner, the Government of the Kingdom of Lesotho (GoL), have announced that the Mothae kimberlite mine expansion project in Lesotho in Southern Africa has been completed. The project is designed to increase nameplate capacity by 45 per cent from approximately 1.1 million tonnes per annum (Mtpa) to 1.6Mtpa. The processing plant was handed back to the production team after completion of the installation of the new scrubber bypass conveyor, the new primary jaw crusher and other associated upgrades. The project was completed on-time, within budget and with no safety incidents recorded. Lucapa advised that…
Rafaella Resources Limited has announced that Geotech Limited has completed Versatile Time-Domain Electromagnetic (VTEM Max) airborne EM surveying across the Midrim and Laforce nickel-copper-platinum-group elements (PGE) mineralised projects in Quebec, Canada. The VTEM Max, combined with Groundfloor Electromagnetic (GFEM), is an excellent system for locating discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity. GFEM utilises an airborne EM transmitted with a set of surface-based receivers. The larger transmitter-receiver separation in Groundfloor EM over standard airborne techniques gives the ability to compute the step-response with sufficient accuracy to study extremely high conductivity targets that are commonly…
Rio Tinto will soon commence construction on a plant that will recover tellurium, a critical mineral used in solar panels, from copper refining at its Kennecott mine near Salt Lake City, Utah. Rio Tinto is investing $2.9 million to set up the plant, which will recover tellurium as a by-product of copper smelting, extracting a valuable mineral from waste streams. The plant will have the capacity to produce approximately 20 tonnes of tellurium per year. Rio Tinto expects to begin production of tellurium in the fourth quarter of 2021, creating a new North American supply chain for this critical mineral.…
