Australian mineral exploration company, Corazon Mining Limited has announced a high grade copper mineralisation from a recently completed surface rock-chip sampling program at the Mount Gilmore Cobalt-Copper-Gold Project in New South Wales Australia. Corazon has secured the right to earn up to 80% of the Mt Gilmore Cobalt-Copper-Gold Project from private company Providence Gold and Minerals Pty Ltd and is currently completing due diligence. The surface rock-chip sampling being reported was undertaken by Providence; these results have been received by Corazon and as such additional disclosure is required by the Company. Rock-Chip Sampling Program A total of 76 rock-chip samples…
Carrapateena in South Australia is shaping up as a major copper-gold project. In a statement last month, the proponent (OZ Minerals) made clear its commitment to the project. The ore-production rate is to be increased over what was previously planned; work on a decline will commence next month (mining will be underground); and final processing will take place at Whyalla, a regional city approximately 200 kilometres south of the minesite. All going well, construction will commence next year, with first production in 2019. Estimated capital cost: nearly A$1 billion (over US$700 million). OZ Minerals says that the choice of Whyalla…
The Government has approved two proposals from Rio Tinto to develop new deposits in the Pilbara, Western Australia, prolonging the life of existing mining operations. Announcing the approvals, State Development Minister Bill Marmion said the projects would deliver both short and long-term benefits for the State. "This is great news for the resources sector and will create opportunities for workers and contractors who are doing it tough in the current climate," Mr Marmion said. "These approvals will allow Rio Tinto to maintain its current level of production at two sites, Yandicoogina and West Angelas." The Minister has given approval for…
Mineral Resources of Perth is a mining company, but it is also a mining-services company, offering services in fields such as crushing and pipeline design and construction. The company is developing a new transport system for taking iron ore from its Iron Valley mine in the Pilbara region to Port Hedland for shipping. The system is an elevated rail line. Mineral Resources says that it occupies a “niche between heavy rail and conveyor”, adding that it is “significantly less capital intensive than traditional heavy-haul rail” (see further information). The system will be open to third-party users. It has the potential…
Sand mining on North Stradbroke Island is to substantially cease by 2019, with the Queensland Parliament voting in favour of the phase-out to allow the creation of new, sustainable jobs. The North Stradbroke Island Protection and Sustainability and Other Acts Amendment Bill 2015 to end sand mining was passed in the Queensland Parliament early today (Thursday). Environment Minister Dr Steven Miles said it was a good result for the environment and would ultimately open up new and exciting opportunities for the island community, leading to positive economic outcomes. “Today marks the start of a new chapter for North Stradbroke Island,”…
The company developing a greenfield coal project at present may appear to be brave, but at least three such projects are at an advanced planning stage in Australia. The first is Meteor Downs South in Queensland. This will be a small, low-cost operation, entailing open-cut mining and simple processing. It will produce thermal coal (used for electricity). Subject to final approval by the proponents (a Chinese company and a Japanese company), construction will commence by the end of the year. The second is a much larger, Chinese-driven project: Hillalong, also in Queensland. With an estimated capital cost of A$600 million,…
Doray Minerals Limited has entered into a farm-in Agreement with Rox Resources Limited to explore the highly prospective and underexplored Mount Fisher Gold Project which is located in the north-eastern Goldfields of Western Australia. The Mt Fisher farm-in represents another strategic exploration project for Doray, with a large contiguous land package over an underexplored greenstone belt with already identified gold mineralisation, and adds to its highly prospective Horse Well JV and Western Gawler farm-in in South Australia. Doray’s Managing Director, Allan Kelly, said Mount Fisher represented a very attractive exploration opportunity for Doray, given the many similarities with the multi-million…
Intra Energy Corporation Limited has completed the first phase of exploration on its Llama Lithium Project located in the prolific James Bay region in Québec, Canada. Multiple large-scale pegmatite dykes have been identified with Lithium-Cesium-Tantalum (LCT) affinities including the presence of the minerals beryl and columbite. The first stage program was undertaken by Dahrouge Geological Consulting (DGC) who has mapped approximately 52 kilometres of ground traverses and collected a total of 83 rock samples with the objective of identifying drill targets. [caption id="" align="aligncenter" width="922"] Map of the Llama project, illustrating the location of the 83 rock samples collected, including…
Argentinian high-grade lithium brine developer, Galan Lithium Limited has announced the results of the Phase 2 definitive feasibility study (DFS) for its Hombre Muerto West (HMW) Project in Catamarca Province, Argentina. The initial phase DFS was based on a production level of 5.37 ktpa lithium carbonate equivalent (LCE) in the form of lithium chloride concentrate. The second phase has increased the overall annual production rate to 20,851 recoverable tonnes LCE, contained in a concentrated lithium chloride product for a period of 40 years. The results and analysis confirm Galan’s belief that the HMW Project is a tier one project in…
Blue Star Helium Limited’s on-site preparation for the Voyager development processing facility is making progress, with the company’s earth works contractor currently working on the site preparation necessary for the IACX helium recovery unit to be deployed at Voyager in Colorado. The site requires a substantial pad and part of the site will also serve as a base of operations for ongoing helium exploration and development. We are pleased to have partnered with a nearby mineral leaseholder and surface owner for the needed base gravel. Additionally, road access work including heavy vehicle upgrades is progressing well. In November 2021, the…
Fortune Minerals Limited and Rio Tinto are collaborating to develop technology that will improve recovery of the critical minerals cobalt and bismuth. Under a Memorandum of Understanding signed between the companies, testing will be done at Rio Tinto Kennecott’s integrated copper mining and smelting operations in Utah and at Fortune’s planned Alberta Refinery. The partnership aims to maximise the value of critical mineral supply chain investments and increase Fortune’s planned cobalt and bismuth refining operations to process co-product streams of the minerals recovered from the Kennecott smelter. In 2020, the Canadian and U.S. governments signed a Joint Action Plan on…
Basin Energy Limited successfully completed a 3D inversion of historical geophysical datasets at its Marshall Uranium Project, situated in the southeastern region of the globally renowned Athabasca Basin in Canada. The analysis has led to the identification of multiple priority anomalies, located both above and below the Athabasca unconformity, present in both the sandstone and basement stratigraphy at Marshall. The company says the recent geophysical analysis has been particularly enlightening, especially considering the limited exploration previously conducted on these tenements. Basin’s Managing Director, Pete Moorhouse, commented: “Basin has continued advancing the Marshall Project through the reprocessing of historic geophysical data…
Loyal Lithium Limited has signed a Memorandum of Understanding (MOU) with Winsome Resources to foster collaboration aimed at minimising the environmental and local footprint of exploration and mining activities in the Trieste greenstone region of Québec, Canada. Loyal Lithium Managing Director Adam Ritchie said: “This collaboration MOU with Winsome Resources simply formalises the cooperative spirit within the mining industry. As Loyal progresses with more advanced exploration at the Trieste Lithium Project our commitment to minimise environment and stakeholder impacts is critical. “With many alternative lithium sources available globally, collaboration is essential to ensure a cost-effective domestic lithium supply is realised.…
Alderan Resources Limited has executed a binding share sale agreement to acquire 100 per cent of the issued capital in Parabolic Lithium Pty Ltd. Parabolic has the right to acquire a 100 per cent interest in seven lithium exploration projects in the mineral resource rich state of Minas Gerais, Brazil. The seven projects cover 472 square kilometres and consist of 24 granted exploration licences in seven project areas — Curral de Dentro, Minas Novas, Carai, Catuji, Itaipe, Itambacuri and Governador Valadares. All projects are located in and immediately to the south of the area known as ‘Lithium Valley’ in the…
