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.…
Leo Lithium Limited (ASX:LLL) has executed a strategic placement and entered a transformational cooperation agreement with China’s largest lithium producer Ganfeng Lithium. The cooperation agreement encompasses a range of key strategic benefits to Leo Lithium, including a commitment to expand the capacity at Goulamina to a million tonnes per annum, a framework for further cooperation on a downstream conversion facility and other beneficial business opportunities. The strategic placemen to Ganfeng will raise $106.1 million from the issue of 131 million new shares, representing 9.9 per cent of Leo Lithium’s total pro-forma shares on issue. The placement offer price of 81…
Lindian Resources Limited (ASX:LIN) has delivered the highest grade rare earths assays to date in the phase one drilling program at its Kangankunde Rare Earths Project in Malawi, showing continuity of high-grade mineralisation in multiple thick intercepts. Assay results from 13 reverse circulation and four aircore drill holes revealed extensive rare earths mineralisation of up to 15.8 per cent total rare earths oxide (TREO), with all drill holes ending in mineralisation. Lindian Chief Executive Officer Alistair Stephens said the assays being reported were nothing short of spectacular. Stephens said: “They provide further evidence that Kangankunde has substantial rare earths grade,…
QX Resources Limited (ASX:QXR) has fully underwritten a rights issue lodged by Bayrock Resources Limited to raise $1.8 million before costs at $0.03 a share. Bayrock is an Australian unlisted public company with a portfolio of highly prospective battery minerals assets in Sweden, primarily in nickel. cobalt and copper. QX previously provided secured loans of $585,000 to Bayrock to help complete the acquisition of the Lainejaur and Northern Nickel Line projects in northern Sweden. The projects are considered highly prospective for key battery metals, nickel, copper and cobalt, presenting as high grade quality “Class 1” nickel-copper-cobalt sulphide projects. The funds…
IperionX Limited (ASX:IPX) has completed detailed engineering design for the planned 125-tonnes-per-annum Titanium Demonstration Facility (TDF), and a Techno-Economic Assessment for an expansion into the company's first Titanium Commercial Facility (TCF-1) of 1,125 tonnes per annum at the Southern Virginia Technology Park in Virginia, USA. The TDF and TCF-1 will utilize the breakthrough Hydrogen Assisted Metallothermic Reduction technologies to produce titanium metal powder. Development of the TCF-1 to 1,125 tonnes per annum of production capacity would furnish IperionX with the largest recycled titanium metal powder production capacity globally, and the only titanium production facility using 100 per cent titanium metal…
Lindian Resources Ltd (ASX:LIN) has intersected more high-grade rare earths at its Kangankunde project in Malawi, with the best continuous intersections yet. All drilled holes have long intersections of high-grade, non-radioactive rare earths ending in mineralisation. Lindian Chief Executive Officer Alistair Stephens said: “These latest assay results are some of our highest grades to date with three holes averaging better than 3 per cent TREO over continuous intervals of 150m or more from surface. "Since the commencement of this drilling program, Kangankunde has consistently delivered assays of 2.5-plus per cent over extensive lengths with almost all holes ending in mineralisation,…
Rio Tinto has begun construction to increase its capacity to cast low-carbon, high-value aluminium billets by 202,000 metric tonnes at its Alma, Quebec smelter in Canada. The existing casting centre will be expanded to include new state-of-the-art equipment such as furnaces, a casting pit, coolers, handling, inspection, sawing and packaging systems. Commissioning is scheduled for the first half of 2025. The C$240 million (AU$265 million) investment will allow more of Rio Tinto's aluminium production to be used to make billets from renewable hydroelectric power. This will allow Rio Tinto to be more agile and flexible in meeting the anticipated growing…
Belararox Limited (ASX:BRX) has entered into a binding agreement to acquire 100 per cent of the shares in the entity that holds the Toro-Malambo-Tambo (TMT) base metals and copper-gold porphyry project in Argentina. As part of the broader transaction, Belararox will enter into royalty deeds with Fomo Ventures No 1 Pty Ltd with respect to a 1 per cent net-smelter royalty, and a services agreement with Condor Prospecting Australia to provide exploration in Argentina and marketing services. The project is in an excellent neighbourhood with existing infrastructure - Barrick has operations 10 kilometres to the south, while Lundin is 40…
