Iron ore continues to be a significant part of Tasmania’s mineral landscape, with the state’s leading operation undergoing some expansion works to ensure it maintains its annual production of two million-plus tonnes of magnetite concentrate. Meanwhile, a short-lived project to the south is ready to recommence mining once economic conditions improve. Located 60 kilometres southwest of Burnie, Grange Resources Ltd’s (ASX:GRR) Savage River has been subjected to a definitive feasibility study (DFS) into underground extraction below the north pit and its integration with the company’s current open-cut operation. According to the miner this document has revealed some robust financial outcomes.…
Ardea Resources Limited has partnered with Sumitomo Metal Mining Co., Ltd (SMM) and Mitsubishi Corporation (MC) to form a 50:50 incorporated joint venture named Kalgoorlie Nickel Pty Ltd (KNPL) for the development of the Kalgoorlie Nickel Project (KNP) - Goongarrie Hub in Western Australia. Under the terms of the Cooperation Agreement, the Consortium, Ardea, and KNPL will jointly fund and conduct the Definitive Feasibility Study (DFS), with the Consortium funding 100 per cent of the DFS costs up to the agreed budget of approximately $98.5 million. Additionally, the Consortium will assist KNPL in optimising debt financing to earn an ultimate…
Northern Minerals Limited (NTU), a key player in heavy rare earth (HRE) exploration and development, has announced the reception of high-grade assay results from ongoing mineral resource definition drilling at the Wolverine deposit within the Browns Range Project in Western Australia. The latest assay results validate the presence of wide and high-grade mineralised intervals across the Wolverine deposit, which remains open at depth. Notable new intercepts include 15.6 metres at 9.99 per cent Total Rare Earth Oxides (TREO) from a depth of 428.20 metres, alongside other substantial intercepts that highlight consistent mineralisation throughout the targeted areas. The primary objective of…
Aurumin Limited (AUN) has expanded its flagship Sandstone Gold Operations with the acquisition of five new exploration tenements. This addition reinforces Aurumin’s presence in the prolific Youanmi Terrane, located 520 kilometres northeast of Perth, as part of the company's 100 per cent owned 946 koz Au Central Sandstone Project. The newly acquired tenements, spanning an additional 60 square kilometres, include historical workings and well-defined mineralisation trends, which are key to Aurumin's ongoing development strategy. These tenements are poised to enhance the company's exploration capabilities and drive significant value for stakeholders. Aurumin Managing Director Brad Valiukas stated: “After repositioning the company…
Aurumin Limited (ASX: AUN) has completed drilling at its 100 per cent owned Central Sandstone Project, located 520 kilometres northeast of Perth. The project is part of Aurumin's Sandstone Operations, which also include the Birrigrin and Johnson Range Projects, boasting a total resource of 946koz Au. The drilling campaign, conducted with Reverse Circulation (RC) methods, comprised 38 holes and 3888 metres drilled. The primary objectives of the drilling were to test seven new open pit targets and to investigate extensions at two existing open pit resources. The drilling targeted multiple depositional models and styles, including porphyry/intrusive hosted vein style, banded…
Intra Energy Corporation Limited (IEC), an environmentally responsible mining and energy group, has announced compelling lithium, tantalum, niobium, caesium, and tin assays from rock chip sampling at the Maggie Hays Hill (MHH) project. These results significantly enhance the project's lithium prospectivity and validate IEC's exploration strategy. The latest round of sampling, conducted over the most prospective section of outcropping pegmatites, revealed averaged lithium assays of 503 ppm, indicating the presence of lithium-rich pegmatites. Additionally, encouraging caesium and tantalum values, with average assays of 139 ppm and 107 ppm respectively, suggest the potential for multiple mineralisation targets. These findings, along with…
WA Regional Development Minister Don Punch recently revealed a cutting-edge robotic welding assistant at MAS Equipment's West Kalgoorlie workshop. The innovative 'Cobot,' supported by the Regional Economic Development (RED) Grant program, is set to revolutionise the business's capacity to service the mining industry in the Goldfields while enhancing safety, productivity, and job opportunities. The 'Cobot' is designed to perform a variety of welding tasks with precision and efficiency, ensuring high-quality manufacturing and production for clients. This new technology will not only increase MAS Equipment's competitiveness in the industry but also contribute to the upskilling of workers, making the mining sector…
Barrick Gold Corporation has announced preliminary full year and fourth quarter 2020 results which indicate that it has met its 2020 guidance targets. According to Barrick, preliminary gold production for the full year of 4.8 million ounces is at the midpoint of the 4.6 to 5 million ounce guidance range, while preliminary copper production of 457 million pounds is also within the guidance range of 440 to 500 million pounds. The preliminary Q4 results show sales for the quarter of 1.19 million ounces of gold and 108 million pounds of copper, as well as preliminary Q4 production of 1.21 million…
Pan Asia Metals Limited (PAM), has today provided an update on the drilling program at the Khao Soon Tungsten Project (KSTP) and has reported that a drill rig has been mobilised to the Reung Kiet Lithium Project, both located in southern Thailand. KSTP, located approximately 600 kilometres south of Bangkok, is one of PAM’s primary assets and a significant historical high-grade producer. PAM outlines that modern exploration has discovered potentially world-class district-scale tungsten mineralisation across numerous prospects. Today PAM announced that drilling of Priority One holes at the Than Pho West (TPW) Prospect have been finalised. Ten holes were drilled…
Rio Tinto has agreed to a new electricity agreement with Meridian Energy that allows New Zealand’s Aluminium Smelter (NZAS) to continue operating the Tiwai Point aluminium smelter until 31 December 2024. The extension provides certainty to employees, the local community and customers while providing more time for all stakeholders to plan for the future. NZAS is New Zealand’s sole aluminium smelter. It commenced production in 1971 and produced 353,293 tonnes of aluminium in 2019. NZAS is 79.36 per cent owned by Rio Tinto and 20.64 per cent owned by Japan's Sumitomo Chemical Company. In July 2020, Rio Tinto announced the…
Australian precious metals mining exploration company, Prospech Limited, has received 18 rock chip samples taken from outcrop and spoil heaps, located within the company’s Pukanec exploration licence, which is part of its 100 per cent owned Nova Bana project in Slovakia. Prospech’s Nova Bana project is a package of three licences totalling 45 square kilometres situated on the western flank of the Hodrusa caldera. Of the 18 rock chip samples assayed, the company outlined that eight returned gold grades over 1 grams per tonne (g/t) of gold (Au) and of these, the average was 12.1 g/t Au. 10 of the…
Rafaella Resources Limited has contracted Geotech Limited to conduct a helicopter-borne survey over the recently acquired Midrim and Laforce claims in the Belleterre-Angliers Greenstone Belt in Quebec, Canada. The survey is anticipated to commence early next month and, subject to weather conditions, should take two weeks to complete. Rafaella states that the Versatile Time-Domain Electromagnetic (VTEM™ Max) combined with Groundfloor EM is excellent for locating discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity. The VTEM™ Max provides the industry’s highest signal/noise ratio and spatial resolution of conductors, offering excellent depth of penetration and high resolution.…
In December 2020, Syrah Resources Limited announced a Memorandum of Understanding (MoU) with global solar power company, Solar Century Africa Limited, to progress a solar and battery storage hybrid power system at the Balama Graphite Project in Mozambique. The solar and battery storage system aims to reduce CO2 emissions and operating costs at Balama, which is the largest integrated natural graphite mine and processing plant globally as measured by annual flake concentrate production capacity. Syrah Managing Director and CEO, Shaun Verner, said: “Progression of a large-scale solar and battery installation will reduce the operating cost base at Balama and further…
Eagle Mountain Mining Limited has announced further assay results from its recent drilling program at the company’s 80 per cent owned Oracle Ridge Mine Project in Arizona, USA. Assay results from selected zones within drill holes WT-20-06, WT-20-07, WT-20-09, WT-20-11 have been received and were reported in an announcement on 18 December 2020. Initial observations from hole WT-20-10 were also provided. Notably, WT-20-06 lead to the discovery of quartz-breccia grading 6.67 per cent copper (Cu), 63.5 grams per tonne (g/t) silver (Ag) and 0.87 g/t of gold (Au) over 2.95 metres at 210 metres downhole. The company advised that a wide…
