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…
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…
This week the Innu communities of Uashat mak Mani-utenam and Matimekush-Lac John signed a Reconciliation and Collaboration Agreement with the Iron Ore Company of Canada (IOC). The agreement was named 'Ussiniun', which means 'renewal' in the Innu language. The Iron Ore Company of Canada (IOC) is a joint venture between Rio Tinto (58.7 per cent), Mitsubishi (26.2 per cent) and the Labrador Iron Ore Royalty Income Corporation (15.1 per cent). The IOC’s operations are integrated across a mine and processing plant in Labrador City, Newfoundland and Labrador; a port and stockpile in Sept-Iles, Quebec; and a 418-kilometre railway that joins…
The Pebble Limited Partnership (PLP) is proposing to develop the Pebble copper-gold-molybdenum porphyry deposit (Pebble Deposit) in southwest Alaska as an open-pit mine, with associated infrastructure. On 25 November 2020, Pebble Partnership CEO, John Shively, issued a statement regarding the decision by the U.S. Army Corps of Engineers (USACE) to deny the Clean Water Act 404 permit for the project. The proposed mine would have been located 100 air miles and 230 river miles from Bristol Bay, the world’s most productive salmon fishery, which generates US$1.5 billion in annual revenue and 14,000 jobs. Salmon have also sustained the subsistence culture…
Specialty metals explorer and developer Pan Asia Metals Limited has provided an update on the drilling program at the Khao Soon Tungsten Project (KSTP) located in southern Thailand. KSTP is one of PAM’s key assets and a significant historical producer. Modern exploration has discovered potentially world-class, district-scale tungsten mineralisation across numerous prospects. PAM outlines that reconnaissance diamond drilling conducted by the company has intersected robust widths and grades associated with strong surface anomalies, from which Exploration Targets have been estimated. PAM has completed 11 holes for a total of 880m over both prospects. At the Target 2 Prospect, nine holes…
ASX-listed company, Hawkstone Mining Limited has announced that drilling at the Lone Pine Gold Project in Idaho, USA has confirmed the ‘high-grade and excellent geological continuity’ of the Lone Pine quartz vein zone. The latest results include: 93 grams per tonne (g/t) of gold (Au) over 1.91 metres (m), 19.6 g/t Au over 0.45m including 29.7 g/t Au over 0.82m; and 39 g/t Au over 0.86m including 16.95 g/t Au over 0.52m. These results complement earlier drilling results [1] returned from the Lone Pine quartz vein including: 02 g/t Au over 1.22 in drill hole LPDD01 from 38.43 to 39.7m…
