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…
Lithium Power International Limited’s 50% owned Chilean joint venture company Minera Salar Blanco (MSB), responsible for developing the Maricunga Lithium Brine Project, has been awarded a key regulatory export licence by the Chilean Nuclear Energy Commission (CCHEN) to produce, market and export lithium products from Chile that are extracted from the Maricunga salar. MSB was granted a significant extraction quota on 9 March 2018 to export lithium from Chile. The quota has a term of 30 years and covers brine extracted from Maricunga, containing 88,885 metric tonnes of metallic lithium in brine or 472,868 tonnes of lithium carbonate equivalent (LCE).…
Construction at the US$80-million Epanko project in Tanzania is expected to commence next year. Following mining and processing, Epanko will produce a high-grade graphite concentrate. The proponent, the Australian company Kibaran Resources, is also looking at a further processing step, to produce graphite suitable for lithium-ion batteries. Because of their use in electric vehicles, such batteries present a strongly-growing market for graphite. Australia is the largest foreign investor in mining in Africa. Epanko is one of several dozen Australian projects that have progressed beyond an early exploration stage. There are many more at an early stage. According to one estimate,…
5G technology from Ericsson could soon be used to improve communication and remote control operations in the Swedish mines. A project designed to improve productivity and safety in traditionally dangerous environments is being run by Ericsson, ABB, Boliden, SICS Swedish ICT and Volvo Construction Equipment. In the pilot phase of the project, a 5G development system consisting of new and existing technologies will be used to remotely control a Volvo truck used for transporting ore within the mine. The actual location for the pilot is still to be chosen from a shortlist of mines operated by Boliden. The successful implementation…
A contract by Preem AB, the largest fuel company in Sweden, has awarded a contract for the Engineering, Procurement and Construction management (EPCm) of their Lysekil refinery’s new Vacuum Distillation Unit (VDU). The new facility will manufacture Vacuum Gas Oil hence removing the need for its import. Amec Foster Wheeler announces the award of the EPCm contract follows the successful completion of a feasibility study for the VDU by Amec Foster Wheeler in 2014 to confirm the technical viability of the project, and its subsequent Front End Engineering Design in 2015. “I am delighted that we are able to continue…
Amec Foster Wheeler has announced that its Clough AMEC joint venture has been awarded a three year contract by ConocoPhillips to provide asset support, operations and maintenance services to the Bayu-Undan offshore field development, located in the Timor Sea. The Bayu-Undan offshore facilities consist of a floating storage and offloading facility and three fixed platforms, a remote wellhead platform and a compression, utilities and quarters platform (CUQ) and a drilling, production and processing platform. The latter two are located adjacent to each other and linked by an access bridge, forming the Central Production and Processing Complex. “We are delighted to build on our…
