Pinnacle Minerals Ltd (ASX: PIM) has announced the approval and scheduling of a significant drilling program at the Capel Mineral Sands Project in Western Australia. The program, comprising 93 air core drilling holes over approximately 2,000 metres, is set to begin on 20 May 2024. The Capel project, a brownfield heavy mineral (HM) exploration site, has already shown promising shallow mineralisation in previous drilling efforts by Iluka Resources. Noteworthy results include a mineralisation of 21 metres at 3.3 per cent HM from the surface, including 9 metres at 6.1 per cent HM from 11 metres depth. The project is strategically…
Alliance Nickel Limited (ASX:AXN) has announced that its NiWest Nickel Cobalt Project has been granted Major Project Status (MPS) by the Australian federal government. The project, located near Leonora, WA, is 100 per cent owned by Alliance and is considered strategically significant, with the potential to significantly contribute to Australia's economic growth and employment opportunities. The NiWest Project, boasting one of Australia's highest-grade undeveloped nickel laterite mineral resources, is targeting annual production of 90,000 tonnes of nickel sulphate and 7,000 tonnes of cobalt sulphate. The project is expected to create approximately 600 jobs during the construction phase and an additional…
Victory Metals Limited (ASX: VTM) has announced a significant milestone in Australia's mining sector with groundbreaking metallurgical recoveries of critical magnet metals at its North Stanmore Project in Western Australia. Achieving an exceptional recovery rate of 93 per cent, the results set a new benchmark in the rare earth sector and position North Stanmore as a leader in Australia’s critical minerals landscape. The recent leach tests conducted on beneficiated samples showcased remarkable recoveries of Praseodymium (Pr), Neodymium (Nd), Terbium (Tb), and Dysprosium (Dy). These high-purity elements are integral to advanced technological applications, including renewable energy solutions and electronic devices. Utilising…
St George Mining (ASX: SGQ) has unveiled promising new targets at its wholly-owned Destiny project in Western Australia's Eastern Goldfields region. The exploration efforts have identified potential carbonatites and mafic intrusions, raising the prospect of hosting niobium (Nb), rare earth elements (REE), or nickel-copper-PGE mineralisation. A gravity survey program conducted by St George over six prominent magnetic features at the Destiny project has yielded significant results. Four of the six magnetic features have shown a high-gravity signature, suggesting they could be intrusions such as carbonatites or mafic intrusions, both known globally for hosting valuable mineralisation. These features, ranging from 0.9km…
The Queensland government has granted mining leases for a significant phosphate mine in northwest Queensland, marking a major step forward for the region's economy. North West Phosphate's Paradise South complex, located 130 kilometres northwest of Mount Isa, has been given approval, with expectations to create substantial employment opportunities and boost the local economy. The project is anticipated to generate 200 jobs during the construction phase and employ 245 workers once operational. North West Phosphate has committed to utilising local services, providing a further economic boost to northwest Queensland. Phosphorous, a key product of the mine, is essential for fertiliser production…
Rincon Resources Limited (ASX: RCR) has reported a significant breakthrough in its exploration activities at the West Arunta Project, with recent diamond drilling confirming the presence of Iron Oxide Copper Gold (IOCG)-style mineralisation. The company's second diamond drill hole at the Pokali prospect, labelled '24WADD002,' has intersected multiple zones with moderate to intense magnetite alteration, along with quartz and sulphide veining containing copper sulphides such as chalcopyrite, bornite, and traces of native copper and rare visible gold. These findings suggest the potential for a major IOCG deposit within the Pokali area. The drill core is currently being transported to Perth…
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.…
The world's first and China's largest battery energy storage system (BESS) multi-mixed energy power station was recently completed and integrates wind (400MW), photovoltaic (200MW), concentrated solar power (50MW), and an energy storage system (ESS) (100MWh) into one system on the grid. The first of its kind in China, the station coordinates three different renewables, with fluctuating sources of energy and is required to respond consistently to fluctuating demand, making its batteries and battery management system crucial to the reliability of the system. Contemporary Amperex Technology Co., Limited (CATL), a China-based manufacturer of lithium-ion batteries overcame the requirements during product design…
Australian-based industrial minerals and technology company, Syrah Resources Limited has commenced commercial production at the Balama Graphite Operation in Mozambique. The Balama mine in Mozambique is a high grade (17 per cent), long life (50 years) asset and is considered to be one of the largest graphite mines in the world. Operations at Balama commenced at the start of 2018 with Syrah ramping up production to nameplate capacity of 350 kilotonnes (kt) per annum. The company expects natural graphite production to reach 33 kt in Q4, to a full year natural graphite production of 104 kt. Syrah achieved average graphite…
Perth-based Lucapa Diamond Company Limited has announced an international competitive process for the sale of diamonds from the Lulo mine in Angola – closing on 31 January 2019. Lucapa’s Lulo Diamond Project is located approximately 630 kilometres east of the Angolan capital of Luanda and is the highest US$ per carat alluvial diamond production in the world. The Lulo Diamond Mine has produced 11 +100 carat diamonds in the past, including Angola’s two biggest recorded diamonds which weighed 404 carats and 227 carats. The sale is set to mark a significant milestone for the Angolan diamond mining industry, as the…
On Tuesday 11 December, Newcrest Mining Limited and Joint Venture Partner Harmony Gold Mining Company Limited signed a Memorandum of Understanding (MOU) with the Independent State of Papua New Guinea (PNG) as a confirmation to proceed with the Wafi-Golpu project. The MOU establishes a framework for the parties to progress with the project as quickly as possible in accordance with applicable regulatory processes and provides a framework of key terms to be included in the Mining Development Contract and other related agreements with the State. The MOU also re-affirms the parties’ intent to complete the permitting process and achieve grant…
ASX-Listed metals explorer, Symbol Mining Limited, has announced that its maiden shipment of 250 tonnes of Direct Shipping Ore (DSO) of zinc concentrate from the Macy Mine in Nigeria is locked and loaded for transport. The 250-tonne shipment consists of 10 containers that will be transported by truck to Lagos Port for export to China and is expected to depart in early December 2018. The first shipment represents a great achievement for the Symbol and Imperial Joint Venture team, who proved that they could deliver the Macy Mine project in a short start-up period, just five months after the commencement of…
Strandline Resources Limited is preparing to commence the next phase of air-core drilling at the Sudi mineral sands project in Southern Tanzania, alongside Joint Venture partner Rio Tinto Mining & Exploration Limited. [caption id="attachment_14509" align="alignleft" width="369"] Strandline holds a strategic tenement packagelocated along 350 km of the Tanzanian coastline. Image courtesy of Strandline Resources Limited.[/caption] The Sudi project is located 30 kilometres by sealed road from the port and city infrastructure of Mtwara in southeastern Tanzania. Under the terms of the Joint Venture, Rio Tinto is funding the exploration programme at Sudi, with the exploration itself being conducted by Strandline.…
Metallurgical coal development company, Montem Resources Limited, has lodged its Prospectus with the Australian Securities and Investments Commission (ASIC) to raise up to $20 million and list on the Australian Securities Exchange via an Initial Public Offering (IPO). Following a successful capital raising and listing, Montem is likely to have a market cap in the range of $50 million to $55 million. The Prospectus offers up to 40 million new ordinary shares at an issue price of $0.50 per share to raise up to $20 million, with capital raising expected to close in early October, and trading of Montem shares…
