In February 2019, Hawkstone commenced a fully funded 37-hole diamond drilling program on the Big Sandy Project, which has produced exceptional results and high-grade intercepts with a peak lithium value of 4,380ppm to date. Image of drilling activities at the Big Sandy Project. Credit: Hawkstone Mining Limited. Hawkstone Mining Limited (ASX: HWK) has announced that it will become a dedicated lithium company with its focus centred on the Big Sandy Lithium Project in Arizona, USA. To achieve this, Hawkstone plans to spin-out its gold and gold-copper projects in the USA to form a separately listed company, Diablo Resources Limited…
Fund managers should be subject to more rigorous standards to ensure their disclosures about ESG (Environmental, Social and Governance) investing are accurate. Stoic Venture Capital Partner, Geoff Waring, said Australia should take the lead of the United States, European Union and United Kingdom by ramping up its scrutiny of ESG disclosure and compliance. Investors are becoming increasingly ESG-aware and correspondingly more distrustful of greenwashing funds that claim to comply with ESG investing principles but in reality, do not. “Many investors are concerned about the hazy reporting of fund managers when it comes to their ESG investments,” Dr Waring said.…
A Deakin University study has found business leaders are more optimistic about their company’s profit outlook when the sun is shining, suggesting investors might want to check the weather forecast before making financial decisions. In the first large-scale study of the nuanced ways in which emotions affect top executives, Deakin Business School’s Associate Professor Edward Podolski analysed a large sample of earnings data from U.S. public firms to determine the role and economic consequences of the weather in shaping the judgment of corporate executives. He found that managerial profit forecasts were highly sensitive to the average sunshine conditions in the…
Location of the Mining Lease and Exploration Licence in the Northern Territory. Image courtesy of Lucapa Diamond Company Limited. On Monday, Lucapa Diamond Company Limited (Lucapa) announced that it had entered into a binding Asset Sale Agreement (ASA) for the acquisition of a 24 square kilometre mining lease (Mining Lease or MLN 1154), a 283 square kilometre exploration tenement (Orbit Tenement or EL 26944) and associated equipment and assets (together, the Merlin Assets) from Merlin Operations Pty Ltd (Merlin Operations). The Merlin Tenements are located approximately 720 kilometres south-east of Darwin in the Northern Territory. The Mining Lease contains 11…
Image taken at OZ Minerals’ Prominent Hill copper-gold mining operation in South Australia. Image credit: OZ Minerals. Inspire Resources Inc.™ and the Think & Act Differently™ incubator powered by OZ Minerals Ltd have announced the signing of a Memorandum of Understanding to collaborate on understanding opportunities around scalable, adaptable and modular mining. OZ Minerals and Inspire are jointly exploring this space, as the discovery of further opportunities could lead to changes in the way future mines are designed. Inspire Resources is a Canadian for-purpose corporation formed in 2019 to implement a new mining-centred business model for community-owned, technologically advanced development…
Location of the Shymanivske iron ore deposit. Image credit: Black Iron Inc. Canadian-based exploration and development company Black Iron Inc. (Black Iron) has selected Cargill, Incorporated (Cargill) for offtake rights on the initial four million tonnes (Mt) per year of production from its Shymanivske iron ore project (the Project) and a US$75 million finance facility to be used for Project construction. Located in Kryviy Rih, Ukraine, the Shymanivske Project contains a NI 43-101 compliant mineral resource estimated to be 646 Mt Measured and Indicated mineral resources, consisting of 355 Mt Measured mineral resources grading 32.0 per cent total iron and…
Cristobal Garcia-Huidobro. Image courtesy of Lithium Power International. Lithium Power International Limited has announced that its joint venture company, Minera Salar Blanco S.A. (MSB), has entered into a non-binding Memorandum of Understanding (the MOU) with the Japanese conglomerate Mitsui & Co., Ltd., (Mitsui) to set up a strategic alliance to advance the development of the Maricunga Project (the Project). The Maricunga Lithium Brine Project is located approximately 170 kilometres northeast of Copiapo and 250 kilometres from the Port of Caldera. A Definitive Feasibility Study (DFS) was completed for Maricunga in January 2019. The DFS outlines that Maricunga supports the production…
