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…
Canadian company McEwen Mining has just announced exploration results from their ongoing $15 million exploration program at the Black Fox Complex near Ontario in Canada. McEwen intends to grow its known deposits and will continue to make new discoveries that contribute to near-term gold production. The company recently completed a total of 39,300 metres of surface exploration drilling at the site, for a year-to-date total of 66,900 metres. “Our drilling continues to deliver very encouraging results, particularly from the three project areas highlighted in this release: Stock East, Froome and Gibson. Continued drilling success reinforces our view about the strong…
Mokran Solar Power Plants Complex was constructed in the eastern province of Kerman over a period of six months. The opening of the plant took place in the presence of Iran's Energy Minister Hamid Chitchian, Deputy Minister and the Head of Renewable Energy and Energy Efficiency organization (SATBA) and other government officials, on Monday. The plant holds the capacity of approximately 20 megawatts and was built with an investment of US $27 million by Swiss company Durion, supervised by a German company, Adore. The plant includes a total of 76,912 solar panels, each producing 260 watts over an area of…
The companies behind the Zaldívar copper mine in Chile have plans to become the country’s first mine to operate with 100 per cent renewable electricity. The mine forms a part of a Joint Venture between the Chile-based copper mining group, Antofagasta PLC, and the Canadian gold-mining company Barrick. The Zaldívar copper mine is currently located in the Andean Precordillera in Region II of northern Chile, approximately 1,400 kilometres north of Santiago and 175 kilometres southeast of the port city of Antofagasta. If successful, the works at the Zaldívar copper mine will be able to replace greenhouse gas emissions equivalent to…
The announcement was made on July 21, that Indian Oil Corporation Limited (IOCL), ONGC, GAIL, Oil India Limited and Numaligarh Refinery Limited (NRL) have come together to sign a Joint Venture (JV) agreement for the execution of the North-East Natural Gas Pipeline Grid Project. The Joint Venture between the five companies was on the agreement to ‘develop, build, operate and maintain’ the new Natural Gas Pipeline Project which has plans to connect the Indian City Guwahati to other major North-Eastern cities, and major load centres such as Numaligarh Refinery. This agreement will also include the integration of the North-East Natural…
Mozambique-focused emerging mining company Mustang Resources (Mustang), has just agreed to merge their ruby interests with gemstone mining and marketing company, Fura Gems Inc (Fura). The agreement between the two companies was made for approximately A$10 million in Fura shares. Under the agreement, shares will be given in three tranches, over 20 months, and will give Mustang around an 8 per cent stake in the Canadian-based company, Fura, with this agreement excluding the percentage equity dilution from capital raised from today onwards. Fura is set to give Mustang shareholders a significant exposure to the rapidly growing ruby market via a…
Emerging West African gold developer, Golden Rim Resources, has just released news of a new gold discovery at Red Hill, which is located approximately 4.5km from their Kouri Gold Project in Burkina Faso (West Africa). Broad zones of significant gold mineralisation was discovered at Red Hill, approximately 4.5 km south west of the mineral resource at Kouri. Both of the drill holes completed at Red Hill returned gold intercepts that include: 11m at 2.2g/t gold from 77m, including 2m at 7.7g/t gold, and 1m at 6g/t gold from 114m in NKRC030; 16m at 1.8 g/t gold from 29m and 10m…
Eni, a leading Egyptian Oil Company, has just announced a second light oil discovery on the b1-X exploration prospect, which is located in the South West Meleiha license, in the Egyptian Western Desert, located approximately 130 km North of the oasis of Siwa. The well in question is the second drilled well by Eni, who had plans to explore the deep geological sequences of the Faghur Basin. Approximately 7 km away from their first discovery (SWM A2-X), SWM B1-X has been drilled to a total depth of 4,523 meters. Down there Eni announced that they encountered 35 meters net of…
